Discrepancies in IronFX Pillar 3 Reports

[Ahmed Mahmoud 10]

Further to the information published on Forex Magnets report about this fraud allegations against Iron FX, many visitors mad very good comments, one of the comments I stopped at is talking about discrepancies in 2012 fingers the discrepancy is very Cleary comparing the figures of 2012 in the 211/2012 report and the 2012/2013 report so I thought to share with you. IS this true? I am not an experts but checked both reports form the links provided from the iron fx websit and there is discrepancies and to me it sounds very strange?? Let me share with you this comments and you may view all comments at http://forexmagnates.com/ironfx-grilled-on-chinese-tv-by-affiliates-criminal-fraud-investigation-filed-on-air/

 

“The way IronFX promotes itself as a Global Leader, the marketing budget, the number of employees and branches, all sound suspicious when you review IronFX pillar 3 disclosure statement.

 

I am not an auditor; however, the numbers look extremely suspicious to me. Below is a link for the Pillar 3 repot for the year ending 2012.

http://www.ironfx.com/sites/default/files/IronFX%20Pillar%203%20disclosures%202011_1.pdf

 

If you compare the 2012 figures with the below report for 2013, which also shows 2012 figures, you will notice huge differences in the figures provided for the year 2012.

 

http://www.ironforex.com/sites/default/files/IronFX%20Global%20Ltd%20-%20Pillar%203%20Report-2013.pdf

 

2011/2012 report on page 5, it shows “Receivables from client trading activities” for 2012 as US$ 134,911,315. If you compare with the 2013 report (which also includes 2012), the figure is US$ 3,988,996.

Receivables from client for the year 2012 in 2011/2012 report is 134.911.315 while in the 2012/2013 for the same year shows 3.988.996 As for other receivables for the year 2012 in 2011/2012 report is 640.036 while in the 2012/2013 for the same year shows 2.768.586

 

There are many other discrepancies in the report. You can check it for yourself. Another point to mention is how come a Global Leader which claims huge number of clients, over 1400 employees and millions of US$ spent on its marketing and sales, only require US$ 7.6 million for Credit, Market and Operational risk (please check the report page 11).

[irfangujjar 10]

Hi my name is Irfan Gujjar.I'm freaking pissed off about Ironfx. I am a client of them and trying to withdraw from last 2 months. First they said that the payments department

is overloaded, then they said that since I made a lot of profits then compliance has to approve my withdrawal.How the hell are they processing so long time?

 

And IronFX boasts on their website that they have ASIC, Cysec, FCA, Eurex license and membership. It's a big bullshit.

Payment transaction are mentioned Below:

 

1) 23098813 2014-12-23 WMP3D6J23GNH1I97 Withdrawal – MoneyBookers 975.03 USD Declined

2) 23100175 2014-12-19 WM339E5649NGRT1C Withdrawal – MoneyBookers 89.00 USD Declined

3) 23102132 2015-01-05 WM4OBMXKM8NHP77S Withdrawal – MoneyBookers 1,000.00 USD Declined

 

This payment declined three times as you see:

 

4) 23106299 2015-03-02 WMHEFFEC0GNKITR8 Withdrawal – MoneyBookers 1,470.00 USD Declined

23106299 2015-01-29 WB9N8Y4SN6NK31ZK Withdrawal – Bank 1,470.68 USD Declined

23106299 2015-01-26 WBIJMLJTMONISZ56 Withdrawal – Bank 1,470.68 USD Declined

 

5) 23108970 2015-03-27 WM4SR4IX2BNLV5XK Withdrawal – MoneyBookers 500.00 USD Declined

 

 

Can anybody here share their experience with withdrawing profits from IronFX. I would very much appreciate it. I've just been fool not withdrawing earlier from Iron.

 

 

If you want to help me contact me on :

 

GMAIL: irfan786gujjar@gmail.com

FACEBOOK: irfan786gujjar@gmail.com

TWITTER: GujjarIrfan786

LINKEDIN: irfan786gujjar@gmail.com