As the number of casualties caused by Swiss National Bank removal of CHF's Euro peg grows, several institutions emerged relatively unscathed by the event. One of them is IronFX.
As the number of casualties caused by Swiss National Bank removal of CHF's Euro peg grows, several institutions emerged relatively unscathed by the event. Most notably, JPMorgan Chase was said to have earned around 250-300 million USD profit. In the retail segment, there are also many forex brokers that managed to stay safe and continue to expand their business. One of them is IronFX.
Multi-regulation holder forex broker IronFX recently announced the opening of new offices in Johannesburg, South Africa, and Dubai, United Arab Emirates, along with regulated status in respective countries. IronFX Johannesburg office at Maude Street, Mandela Square, West Tower Nelson, 2nd floor, Sandton 2196 is the second in Africa after Lagos, Nigeria. While the Dubai office at Emirates Financial Towers, South Tower, Office 301 is the first in Arabian Peninsula.
Established in 2010, IronFX soon rose to prominence due to its solid regulation and offices around the world. It has expanded its market to more than 20 countries with 35 offices in four continents. The forex broker has been embroiled in several conflicts with its Chinese clients, including a knife threat in IronFX Shanghai office on early January 2015. However, it has proven to be steady under heavy financial storm as it remains standing after SNBomb and even covered all negative balances following the disastrous event.
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