IronFX Receives Licenses from New Zealand and Russia
IronFX announced this week that it has received licensing as a Financial Service Provider (FSP) in New Zealand, as well as becoming a member of CRFIN, Russia's leading self-regulating organization and forex regulator. IronFX's is already regulated by CySec, the FCA, and ASIC.
IronFX is a Cyprus based online trading company, specializing in the trading of Forex, CFDs, commodities and spot metals, serving retail and institutional customers in Europe, Asia, Middle East and Africa as well as Latin America. The company, founded in 2010 by an experienced team of Forex specialists, maintains offices throughout the world, including Vietnam and Shanghai, and was recognized as one of the fastest growing FX brokers in 2011.
IronFX offers the Meta Trader 4 (MT4) platform as a trading platform basis and together with substantial in-house development, the broker boasts full access to strong liquidity, fast execution and a wide range of trading instruments. (Please read our Iron FX review for more information). The news of increased licensing fits perfectly with the firm's global expansion. Aiming to be considered more than just another Cyprus broker, IronFX claims to keep all its clients funds outside of Cyprus in order to be perceived as a safer company than smaller Forex brokers who use the island as their official domain.
A new subsidiary of the brokerage will be set up in NewZealand: IronFX NZ. From a strategic standpoint, should CySEC decide to go after companies which don't comply with its recently introduced stricter regulation, IronFX will have another safety net to fall on in addition to its recently obtained FCA authorization.