IRStrategies Review – Obvious Clone Of FCA Registrant

Visiting the irstrategies.net might have you think they’re just the right platform for you to start your trading journey. However, comparing the data we dug up, quickly debunks their claims of being a legally incorporated and regulated UK financial firm. We’re talking about one of the common scam techniques that consists of building a false company image. Everything you’ll find on the website in question is false and artificial, from the legal info to the smallest details about trading conditions.

Why this is not any next-gen trading portal with exceptional conditions and how you can recover your funds in case of fraud is what our IRStrategies review reveals.

Made-Up Legal Background

Pretending to be something they’re not is how clone companies function. This one concretely steals company number and address from a legally incorporated firm, as the UK Companies House shows. 

Since every financial services provider is obligated to also be licensed, FCA has an entry for Investment & Retirement Solutions Ltd. When you examine their page in the register, you’ll see that their official website is investretire.co.uk and not irstrategies.net.

After going through the databases of FINMA, BaFin, CySEC and CONSOB, we’ve discovered no Tier 1 license belongs to this fraudster, which means they operate without legal supervision. That instantly means that there’s no segregation of funds, negative balance insurance or compensation scheme available, just like with IntraO.

How The Scheme Operates

Using various analysis tools, we’ve determined that the site was launched in August 2023, and that it’s directed towards these countries:

• Poland
• Germany
• United Kingdom
• Czechia

Fraudulent companies like this one, or VTindex for instance, usually rely on boiler room agents to attract new victims. Usually they have a script to follow, and introduce themselves as industry experts seeking new investors. 

They claim to offer passive income options, and all they need is a few hundred dollars to make it happen. If the victim bites the bait, hundreds of dollars quickly turn to thousands, but it’s never possible to withdraw any alleged earnings.

Although agents spoof their phone number, they are not untouchable. It is still possible to recover the lost money, so get in touch with our professional team for help.

Costs Scream Scam

Typical for fraudulent trading portals is to propose trading conditions that are anything but beneficial for their clients. In that sense, this financial services provider offers a maximum leverage of 1:150, in contrast to the FCA standard of 1:30. 

Trading costs are also far higher in comparison with the industry average. That is, of course, unless you’re willing to throw in more cash to unlock a more attractive offer. Otherwise starting spreads are 3 pips on EUR/USD. 

As for the trading commission on stocks, it’s one cent per share, with a $1 minimum, while options trades require $1 for the first contract and 75 cents for each additional one.

Weak Trading Equipment

Besides the account making drama, we also established that no trading software exists. Perhaps that is better for all, considering that the packages offered are demanding in terms of deposits, yet offer nothing particularly valuable. Let us elaborate on that.  

No Platform At All

All this swindler has to offer you as far as trading goes are empty promises and false advertising. Their trading software is allegedly a next generation platform that contains all of the most advanced features and more. Trying to get access to it will only give you a headache, though. 

Without an account, you can’t access the trading area, and the registration is impossible to complete. The error we kept getting is that our email already exists in their database, and nothing worked. Since there’s no preview of the said software, it may as well not even be there at all.

Markets To Trade

The website goes into detail about the available trading instruments. Sadly, due to the restricted access to the platform, that information is left unconfirmed. Nonetheless, here’s what the choice of products looks like:

• Forex (EUR/USD, EUR/GBP, USD/JPY)
• Stocks (Ford, Disney, 3M, Barclays)
• Bonds (US Treasury Bonds, Corporate Bonds)
• ETFs (Equity ETFs, Fixed Income ETFs, Inverse ETFs)
• Commodities (Sugar, Coffee, Copper, Silver)

Insanely Expensive Accounts

Many legitimate brokers nowadays offer their accounts for $10 or less, and throw in a demo so you can test the trading features risk free.

This is not the case with IRStrategies accounts which are all tiered, live trading accounts. Higher tiers will unlock access to different markets, tighten the spreads and increase leverage, allegedly.

Although the minimum deposit is said to be $250, the actual account costs are these:

• Bronze – $1,000
• Silver – $2,500
• Gold – $10,000
• Platinum – $20,000
• VIP – $50,000

Withdrawals Denied

Without presenting the real withdrawal fees and tax structure, the firm will try to convince you that their monetary transactions are swift and safe. Unfortunately, the absence of a mandatory license made us reluctant to believe that. 

No independent Withdrawal Policy is given, so you have to rely on general information from a forged or stolen Terms and Conditions paper. Here, it says that the payouts demand commission but the amount is undisclosed. Also, funding methods are only vaguely mentioned so that remains a mystery, as well. 

Client Help Center

The IRStrategies support alleged working hours are just as fake as their legal status. Attempting to get in touch with them is even more futile, considering that there’s only one email and an unresponsive phone line. It is painfully obvious that the service doesn’t care about their customers in the least.

Need Help With Recovery? Contact Us Today!

There are basically no merits to investing with this company. After a thorough investigation, it has become clear that IRStrategies scam is a clone company that tries to adopt another firm’s legal information to present themselves as reliable.

Although the deposited money may seem lost, there are still ways to recover it. Book a free consultation with our professional team to learn more about chargeback, and how to get your funds back.

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