Ironbeam FuturesReviews of ironbeam.com

FRAUD BROKER FRAUD BROKER. The commissions are absolutely CRAZY. Don’t even think about depositing a single penny with this broker. STAY AWAY!

stay away from the broker, i only tired them as part of the "Robbins Cup}" word trade competition, i have traded for decades and this is the worse US broker i have ever encountered, they will deny your closes until trades goes in their direction and it is not possible to make any active day trading at all with those guys, quality is basically non existing, all i can say is stay far away from IRONBEAM

Platform is terrible. Regularly gets overloaded and freezes for 20+ seconds on ES. In fast moving futures markets that will wipe your account out. No it’s not my internet connection - had TradingView simultaneously open and quotes and chart were updating properly in real time. Emailed videos of this to my assigned a/c manager, and a manager. Hours later my a/c manager simply replies saying contact trading desk - not great. Called their number. Guy says he’s not aware of any issue but they’ll send to developers to analyse. 7 hours later their chart still shows missing bar. IronBeam talks of its institutional grade tech stack. Sorry guys - it’s not reflected in user experience. How people trade with this platform when the moment heavy load (market open etc) the platform freezes. Hours later (as of writing) and still no response from support or the manager. Not great. Ticket 020524487 Update 1: market open 6 Feb. No response, and same issue again- freezing up while tradingview has no freeze. Took another screen record this and sent it to IronBeam. With all the videos it’s obvious they need to tweak their stack ao it auto scales immediately (with 1/2 seconds) during increased load. I hope IB acknowledge the problem and give a roadmap to when this will be implemented. I currently have a small account to test out the platform and execution before depositing a large amount but can’t commit unless the platform and execution is predictable.

I deposited some money into my iron beam account but I didn’t trade much on it because the UI is very unorganized and not pleasant on the eye. I much prefer ninja trader and interactive broker in that regards. I withdrew my money after a couple of months in 2 batches and I was charged a wire fee of 40$ two times. There is no option for ach withdrawal and also no way to see that there is a 40$ charge involved. On top of that my bank also charged me 15$ wire fee two times. Which is absurd for a brokerage not to have a direct ach withdrawal option which will avoid all these problems and also which makes you wonder why their fee is this high. I’d recommend steering clear of this brokerage. There are much better options. I am even considering sueing them because this is a scammy practice. Edit- Where did you communicate there is a 40$ charge? For a domestic transaction that’s absurd anyways. And did you clearly show that check withdrawal is free? This is basically a restaurant advertising free food but writing service is 40$ on the fine print. And even that is better since they at least wrote it on the fine print unlike you guys.

Ironbeam still has a lot of work to do on this platform. There are too many technical issues that can directly lead to capital losses. I opened a trade through TradingView, but the platform did not display the real execution status of the position. I genuinely thought the trade had not been executed. Because of that, I refreshed the page, and when I logged back in, I was already down $70. This is not fair. What makes it worse is that Ironbeam does not allow you to properly set or manage stop losses when trading through TradingView, which is a basic and essential risk-management tool. As a trader, being unable to protect your position is unacceptable. The platform feels poorly integrated and unreliable, and the way orders are handled creates unnecessary confusion. Losses happen in trading—that’s normal—but they should come from market decisions, not from platform malfunctions or lack of control tools. At the moment, this platform feels designed in a way that puts traders at a disadvantage—not because of bad trading decisions, but because of how the system itself operates.

I submitted a withdrawal request with Ironbeam and then called the same day to make sure everything was fine. The representative told me there were no issues and that the withdrawal would be processed normally. When nothing happened, I called again the next day and got the same answer — that everything looked fine and the funds should go out soon. Then, almost 48 hours later, I received an email saying my withdrawal was rejected due to an ACH deposit restriction. No one mentioned that policy during either of my calls, and the way it was handled was completely unprofessional. The customer service reps sounded distracted and uninterested, like they had better things to do than help a client asking about his own money. It’s unacceptable for a brokerage handling client funds to provide this level of misinformation and indifference. I’ve traded with other firms, and I’ve never seen this kind of carelessness. If you value professionalism, accurate communication, and timely handling of your withdrawals, I strongly suggest looking elsewhere.

Ironbeam futures is definitely the worst futures trading firm out there. There app is worst than trading websites from late 90's, there execution is as por as dial-up days of internet. Especially when you try to close the order, your market order treated as limit order at clicked price and will not close because market keep moving in the other direction, they close your order on the backend but it will keep squeezing your account to drain as much as they can. In this time and age, having app as poorly functioning could mean either cheap app or intentionally put together to deceive clients out of their deposited funds. I have live account with them 4 months and I will highly recommend donating your money to some homeless than funding a trading account with them. This company is my worst experience in 25 years of trading.

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 contract IronBeam Charges: $2 PER CONTRACT ( after nfa, clearing, and other fees $2.75 per contract) ----------------------------------------------------------- Micro Contracts Average: $0.09 per contract IronBeam 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.