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IronFX renames UK unit to 8SAFE UK

Nov 23 2015
By
Forexbrokerz.com

IronFX has renamed its UK-based subsidiary IronFX Global UK Ltd and now the unit is named 8SAFE UK Ltd, online news provider Finance Magnates reported, quoting data from the UK finance regulatory body, the Financial Conduct Authority (FCA).


The company will continue to operate under the IronFX brand. The reason for the rebranding was not disclosed.


“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,” the media cited a company spokesperson.

 

The news follows the departure of the CEO of IronFX’s UK branch, Stefanos Mitsi, which took place a couple of months ago. 


Our research showed that the name change has not been reflected on the broker’s website yet.

 

IronFX is a market maker, regulated by the Cyprus Securities and Exchange Commission (CySEC). Earlier this year, the CySec started an investigation against it for denying withdrawal requests from 150 customer accounts with total amount of client funds close to $1.25 million. According to Finance Magnates, some of the brokerage’s clients have been contacted by the Cypriot Financial Ombudsman, but due to the large volume of complaints, it has taken a three month extension to complete the investigation. 

 

TAGS: ironfx  8safe uk  uk forex broker 

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