IronFX Sets New Course, Sponsors Sailing Contest ORC Worlds 2017
The Cyprus-based forex and CFDs broker will also be sponsoring the Cypriot team.
Finance Magnates Staff
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Brokers
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Retail FX )
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2017-07-04T16:53:16+00:00
2017-07-04T16:53:16+00:00
IronFX, the Cyprus-based forex and CFDs broker, has taken to the seas with its newest sport sponsorship, signing a partnership with the Offshore Racing Congress (ORC) to sponsor the ORC Worlds 2017, a sailing contest taking place in Trieste, Italy between July 2nd and 8th, 2017. The deal is worth an estimated 80-120,000 EUR according to industry sources. In addition, IronFX is sponsoring the yacht representing Cyprus.
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Founded in 1969, the ORC is the international body that regulates the sport of competitive offshore sailing.
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The ORC Worlds 2017 is being held in the Upper Adriatic and the Gulf of Trieste for the first time. More than 1500 athletes will stay at the regatta venue at Porto San Rocco during the event, with two simultaneous regatta course areas planned by the Regatta Committee to guarantee the best racing for the most anticipated sailing event of the year.
The company commented on the new sponsorship: “We excel ourselves by being at the cutting edge of everything we do. Having our corporate yacht qualifying and participating at the prestigious World Sailing Championship, representing Cyprus for the first time, signifies our commitment to remain agile and responsive to client needs whilst continuing our commitment to CSR initiatives relating to education, sports, and general social welfare.”
IronFX made a lot of headlines the last time it signed a sponsorship deal. In 2014, IronFX signed a sponsorship deal worth 2-3 million EUR a year with Barcelona FC, one of the most famous football clubs in the world. The deal lasted for the whole three years, coming to an end last week on June 27.
Please explain to me how this company is still in business. Isnt this the Cyrpus based company that owes millions of dollars to clients and their money is locked. I thought Cysec took this licences. Am I mistaken..
Dear Dorians Fund,
You are kindly requested to provide us with your particulars (i.e.name and account number) in order to allow us to attend to any queries you may have. You can also write to us at support@ironfx.com for any clarifications you may require.
Thank you
follow up
The press release detailed that if CySEC has found that IronFX committed violations with the relevant regulations and directives, including provisions of risk-management, protecting client interests while executing orders, and related to the use of customer margin, it emphasized how it’s already been over two months since the November decision, and noted that the CIF, regardless of whether they have been fined or reached a settlement, they must meet the two-month compliance period proceed to get up to speed and take necessary corrective actions to demonstrate regulatory compliance with the required mandates.
Astonishingly, despite government-level concern that resulted in AKEL party presidential candidate Andros Kyprianou having sent a letter to the EU Parliament and subsequently addressed the continental government regarding his views on IronFX’s business practice, the Cypriot media has interviewed the CySEC, which made some revelations about the Cypriot forex industry and specifically IronFX. According to the report, most CySEC brokers except IronFx have less than 10,000 clients and all together have approximately 100,000 retail customers, therefore, IronFx is currently, or at least has been by far the largest brokerage by market share in Cyprus, yet is causing the waters to… Read more »
Your sources are very accurate
Get a life
My sources are the exact articles printed in this site… All I did is cut and paste..
Dear IronFx representative, did you miss the EU Parliament debate on Petitions by IronFx damaged clients? The Chairwoman asked „why is this sort of shady company still allowed to trade?“ and EU authorities confirmed to have received at least 500 complaints from all over the EU. .. From min. 15:28 .. http://web.ep.streamovations.be/index.php/event/stream/170711-1500-committee-peti
Dear Rohit Labo,
You are kindly requested to provide us with your particulars (i.e.name and account number) in order to allow us to attend to any queries you may have. You can also write to us at support@ironfx.com for any clarifications you may require.
Thank you