ANSWER IronTrade is not legit and should be avoided at all events. IronTrade claims it is owned and operated by Rosco Solutions LTD, an offshore comapny registered with FSA of the Saint Vincent and the Grenadines (SVG FSA). However, we didn't find any matching results from the SVG FSA registry. Moreover, SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. Therefore, we highly recommend exercising caution when dealing with brokers claiming to be registered in or regulated by SVG FSA as they are actually unregulated.IronTrade also states its registration in Cyprus, but there is no regulatory information about this broker can be found on the Cyprus Securities and Exchange Commission (CySEC) registry. So IronTrade is not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam. We would recommend traders stay away from unregulated brokers like IronTrade and trade with licensed brokers.
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