IronFX Renames Its UK-Based Company to 8SAFE UK Limited
The Cyprus headquartered brokerage has renamed its UK subsidiary, according to a regulatory filing

Finance Magnates has identified a regulatory filing revealing that the UK Financial Conduct Authority (FCA) regulated unit of IronFX has been renamed. According to an official notice in the Companies House, IronFX Global UK Limited has been officially renamed to 8SAFE UK Limited.
The move happens only a couple of months after the departure of the CEO of the IronFX Global UK Limited, Stefanos Mitsi.
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Commenting to Finance Magnates, a company spokesperson said, “This is purely a legal name change and does not affect the operating companies that will continue being branded as IronFX. Our FCA licence remains the same with registration no. 585561.”
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In the meantime, some of the brokerage’s clients who have had their withdrawal requests pending for months were contacted by the Cypriot Financial Ombudsman. The institution which has been collecting a €20 administrative fee for every complaint filed against IronFX, has stated that due to the high volume of work on the case it has taken a three month extension to complete its investigation.
The UK subsidiary of IronFX, IronFX Global UK Limited, has been regulated by the FCA since 2013 as a matched principal broker. As such, the UK company of IronFX could have been exposed to the Swiss National Bank (SNB) events from earlier this year.
In contrast to the Cyprus headquartered IronFX Global Limited which is a market maker, the UK-based entity could have been left exposed to the excessive moves in the Swiss franc pairs on the foreign exchange market on the 15th of January, 2015.
Makes sense! Their brand name is shattered, in peoples mind the name IronFX is linked to being dodgy. Possible even scam!
Than again, a change in name, is not a change in management (same practice, different face).
I am writting this email to ask for your help to investigate IronFX Global in Cyprus. I have an account with IronFX which has pening withdrawal from June 22th. Account number: 23110161 , Account Owner: huỳnh thị thu Hà, Registered Email: hunhththuh@yahoo.com.vn. Please investigate them and force them to proceed my withrawal to help me withdraw my fund back. Thank you.
Best regards
Nobody here can help you, friend. Send complaints to CySEC and the financial ombudsman, then hire a lawyer.
IB NGUYỄN SÃN XUẤT I write this letter wishing gentleman helped me to withdraw money from the account 23110161, 16014885. I do not have the money now to live on, in Vietnam is hard to find a job, I do not have a refund for my client to flee my homeland. IronFX leadership wishes to understand me, I’ve been waiting five months for my withdrawal order from IronFX thank you very much
Seriously !! This is a forex news portal not a financial services ombudsman. Go complain elsewhere moron, nobody here cares nor can they help you.
Markos Kashiouris fraud.
I think FCA should change their name to AIN’T safe, but that’s just me.
Poor Chinese to look out for the “auspicious number”
Why do you guys believe that only matching principals (a-book brokers) only faced a risk on SNB?
What if clients had short positions on EURCHF with a market-maker (b-book) broker? That’s not a risk? A broker could lose millions in an instance…
But i guess since most retail market makers are bucketshops – that’s not really a risk. They just don’t pay the clients’ profits…. Is that how you see it LeapRate?
This is ForexMagnates, not LeapRate. And SaxoBank already proved that a Market Maker may not pay out even profitable traders: https://www.youtube.com/watch?v=CFgxe9HIBfA and part 2 is linked there also.
Of course it is a risk, however as has been repeatedly reported by Finance Magnates, the books of both market makers and matched principals have been heavily biased to the upside in all CHF pairs, so the risks for market maker brokers have been naturally hedged within their own books.