Im editing my review so it includes my honest opinion. I feel as though something less than honest is going on here. They do not keep records of trade executions that include time stamps, excess margin, acct balances, excess liquidation, etc. As is required by all FCM's per CFTC and NFA. The daily statement does not include times that the trades took place. To make matters worse, you are given inaccurate trading prices quite frequently, candles are omitted, there ARE account minimums, you will be auto-liquidated based on these inaccurate trading prices. I have done my due diligence and these have been issues that have been going on for a couple years from what I can tell. They'll respond if they respond by stating that 'your data appears to be fine on our end.' What to look for? When your mouse cursor is not in line or is out of sync with your indicators. Their commissions are 4-40x's what other FCM's are in some cases.-------------------------------------------------------Nano Bitcoin Average Commission: $0.05 per contractIronBeam Charges: $2 PER CONTRACT ( after nfa, clearing, and other fees $2.75 per contract)-----------------------------------------------------------Micro Contracts Average: $0.09 per contractIronBeam Charges: $0.99 PER CONTRACT (after nfa, clearing, and other fees $2 per contract)------------------------------------------------------- I have just sent them an email asking if they can waive the $40 withdrawal fee so I can close my account. I will update with the results.update: still have not waived $40 fee. 9 or 10 days went by without a response as to whether or not they would waive the $40 fee. They completely ignored the request. After initiating the withdrawal via wire transfer they then offered to send a check free of charge. I mean this and I am not over exaggerating but I honestly did not feel comfortable accepting a check from them. If you opt to open an account with IronBeam and you experience unexpected liquidations, misaligned cursor on your charts, unequal spacing between the time markers on the lower axis of your chart, inaccurate market pricing that adversely affects your p/l mid trade, candles being minutes, tens of minutes even hours behind while some or all of your indicators are still rendering, it is not a glitch, it is not lag, it is not you needing to clear your cache, restart your computer or otherwise. Dont allow yourself to get taken advantage of. They are required to keep records of trade executions that include time stamps and dates so you can reconstruct your trades incase the need arises to dispute anything. If something is out of place, take a screen shot, if you can, screen record your entire trading session so you have your own records to review. They waived the $40 withdrawal fee!. Now if theyll give me my trade executions Ill be happy to leave this sorry excuse for a broker behind me.
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Ironbeam is an industry-leading futures broker providing cutting edge technology, research, and clearing services to trader and introducing brokers worldwide.
