Ironbeam Futures Reviews 225

TrustScore 4 out of 5

4.1

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Review summary

Created with AI, based on recent reviews

Considering 36 reviews, reviewers had a great experience with this company. Customers frequently highlight the excellent customer service, describing it as amazing, professional, and efficient, with dedicated representatives who provide outstanding support and quick responses. Many appreciate the personalized approach, with staff members treating patrons like individuals and offering helpful assistance from initial contact through daily check-ins. The company is also praised for its reasonable fees, competitive rates, and straightforward pricing, making it an attractive option for traders. Conversely, some people were dissatisfied with the platform's performance, reporting issues such as freezing during heavy loads, inaccurate market prices, missing data, and poor trade execution, which made trading difficult and led to unexpected liquidations. Reviewers also mentioned a lack of transparency regarding pricing and documentation, with some encountering unexpected charges and unclear policies.

What people talk about most

Customer service

Clients share positive opinions on customer service, with many praising the prompt, excellent, and unmatched... See more

Service

Customers consistently note ambiguous experiences with service, with some praising the personal, fast,... See more

Price

Customers had ambiguous experiences with price, with many praising competitive commissions, low margins, and... See more

Website

Reviewers mention negative feedback about the website, with many finding the platform glitchy, hard to use,... See more

Staff

Users describe positive interactions with staff, highlighting dedicated account representatives who are... See more

Reviews shaping this summary

Rated 4 out of 5 stars

I have opened 14 accounts with Ironbeam, and my overall experience has been very positive regarding the initial phases. The processes for opening, funding, and activating accounts, a... See more

Rated 5 out of 5 stars

Prior to Ironbeam I worked with NinjaTrader. NinjaTrader's customer service was terrible: out of the blue their customer compliance department would notify me through E-mail that my account would... See more

Company replied

Rated 5 out of 5 stars

I have used MANY different brokers and this has been the most personal by far. My initial ACH for $175 hadn’t even left my bank when they assigned me Martin, my personal broker, Martin has been nothin... See more


Company details

  1. Investment service
  2. Stock broker

Information provided by various external sources

Ironbeam is an industry-leading futures broker providing cutting edge technology, research, and clearing services to trader and introducing brokers worldwide.


Contact info

4.1

Great

TrustScore 4 out of 5

225 reviews

5-star
4-star
3-star
2-star
1-star

Asks customers to review

This company invites their customers to review, whether positive or negative

Replied to 50% of negative reviews

Typically takes over 1 month to reply

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4.1

All reviews

(225)

32 reviews in the last 12 months

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Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 5 out of 5 stars

Lightweight and quick platform. Good futures broker.

Lightweight and quick platform. Margins are good and I appreciate that I can be on the phone with a human very quickly when needed.

Was also very easy to set up an account internationally (frenchie here).

7 August 2024
Ironbeam Futures logo

Reply from Ironbeam Futures

Hey Red,

Thank you for taking the time to leave us a review!

The Ironbeam Team
https://www.ironbeam.com/support

Rated 5 out of 5 stars

Great broker, fantastic platform

Platform is fantastic and free. They have one of the best trade desks in the industry. Would recommend this broker to any of my friends and family.

7 August 2024
Ironbeam Futures logo

Reply from Ironbeam Futures

Hey Paul,

Thank you for taking the time to leave us a review!

The Ironbeam Team
https://www.ironbeam.com/support

Rated 5 out of 5 stars

A decade of excellent brokerage experience

I have been an Ironbeam customer since 2013, when day margins weren’t even a thing. I have always had excellent support from the trade desk as well as my broker. The platform is excellent and fast. It’s nice being able to trade on a DOM from my phone. Kudos to Ironbeam staff who have supported my trading journey for over a decade. Consider me a happy customer.

7 August 2024
Ironbeam Futures logo

Reply from Ironbeam Futures

Hey Michael,

Thank you for taking the time to leave us a review!

The Ironbeam Team
https://www.ironbeam.com/support

Rated 1 out of 5 stars

BE CAREFUL USING IB PLATFORM!!

I used their demo account to learn the platform for the last 3 months and deposited $5,000 and entered my first live trade on 07/17/2024.

Just to play it safe on my first day, I bought 2 micro contracts and once it reached my profit target, I pressed CANCEL/EXIT button to close the trade. However, the system froze on me, so I click 4 more times but nothing happened.
So I decided to refresh the page and log in again but then I saw my winning trade has turned into a losing trade.

I panicked and called the help desk and Raymond Grignon from Business Development answered and he told me that I pressed CANCEL/EXIT button too many times and in result, it opened up a 4 new trades without me knowing and I was down -$150.

Basically pressing Cancel/Exit button should not open up any new trades.
And no user should be penalized for pressing Cancel/Exit repeatedly while trading.
This is absurd and unheard of.

Plus, when using a demo version, I did not experience this problem. I was repeatdley pressing EXIT/CANCEL button on the DEMO version and it didn't open a new trade.

Moving forward, He did admit that this was their system glitch and refunded my commission for the day. (Also, he never explained that refund was an one time curtesy unlike the below response from Ironbeam)

Ultimately, they declined to refund -$150 which I think its just wrong.

Glad I bought Micro contracts instead Mini or I would've lost 30% ($1,500) of my capital on my first day of trading for trying out their outdated platform.

Currently I requested a withdrawal 2 weeks ago but I still haven't received my check yet.

Ironbeam offers free level 1 data, but I would rather pay $9-12 monthly data fee and get free ACH from a different broker because in addition to their outdated platform, 2+weeks is too long to get paid.

Sure Ironbeam offers Level 2 Data worth $40 for free ,but eventually you'll spend more than $40 to utilize their wire transfer service because check by mail will hardly be delivered on time.
Theres $45 fee to cancel the existing check and another $40 fee for Wire transfer.
So if you can't wait another 30 days for ironbeam to reissue your check, you need to pay $85 in fees to utilize their wire transfer service.

Also, if Ironbeam cannot guarantee a delivery date, then at least provide a tracking number to your clients.
I dont appreciate "We Sent it so We dont Know It" kinda attitude when people need their checks within a reasonable time frame.

3 July 2024
Unprompted review
Ironbeam Futures logo

Reply from Ironbeam Futures

Hey Sean,

When you have one click trading enabled, if you click a trade button multiple times, it will send multiple orders. This includes the Exit/Cancel button. If you click it many times before your order is filled, the platform is going to continue to do as asked and send orders to exit your trade. This is how one click trading works. One click trading is recommended for experienced traders.

There is certainly no glitch in our trading system, and we refunded you your commissions for the day with the understanding that it was a one-time courtesy to the fact that you didn't fully understand how the Exit/Cancel and one-click trading feature works. This was explained to you at the time of the credit.

Ironbeam offers not only free level 1 data, but also level 2, as $39/month value!

For assistance with withdrawals, we recommend reaching out to us as posting here is not the fastest way to get support.

We are open 24 hours a day and you can reach a human at any time by calling 312-765-7250. Withdrawals are processed same day, including the one you requested. Since you chose to withdraw via mail by check, we don't have guaranteed date for you that the check will arrive in the mail at you address.

Have a great weekend,
The Ironbeam Team



Rated 5 out of 5 stars

I was impressed with the prompt and…

I was impressed with the prompt and professional customer service. You are able to speak with a representative directly and not a machine. I highly recommend IronBeam Futures!

24 July 2024
Unprompted review
Ironbeam Futures logo

Reply from Ironbeam Futures

Hey Matthew,

Thank you for taking the time to leave us a review!

The Ironbeam Team
https://www.ironbeam.com/support

Rated 1 out of 5 stars

Iron Beam won't let me withdrawal


Update I have been able to withdraw but they said they called me but they never did and I was in the dark for weeks.

Iron Beam won't let me withdrawal. I created an account on Iron Beam and did some research into the company and didn't want to trade on their plat form I've been trying to get my funds out from my account, but they won't send me a conformation email and they won't let me withdrawal. And why do I have to request a withdrawal it's my money I should have to ask for permission to take my money out.
I’ve tried to email them but I haven’t got a respond in weeks and my withdrawal request hasn’t been responded to of I haven’t gotten any information on it like it never happened.

4 June 2024
Unprompted review
Ironbeam Futures logo

Reply from Ironbeam Futures

Hi Andrew,

You certainly don't need our permission to make withdrawals. You of course need to put in a withdrawal request on our app or else we would have no way of knowing to send you funds, or the amount to send. Withdrawals are processed same-day as long as and pending deposits are cleared and you are not on a margin call.

You can reach our support immediately by calling us at 312-765-7200 if you have questions about a withdrawal request or need some clarity on an issue. We are happy to help.

Ironbeam Futures
312-765-7200
https://www.ironbeam.com/support

Rated 3 out of 5 stars

Ironbeam has a lot to offer in terms of…

Ironbeam has a lot to offer in terms of reliable trading execution, comprehensive support, and educational resources. However, to stay competitive and meet the needs of modern traders, it’s crucial for the platform to update its charting tools and user interface. With these improvements, Ironbeam could significantly enhance the user experience and solidify its position as a leading broker in the industry.

25 June 2024
Unprompted review
Rated 5 out of 5 stars

Ironbeam : I tried IB -Introducing Brokers- but they are the best

I am very pleased with the response time & quality of service with Ironbeam.
I have tried almost ALL of the Introducing Brokers
but they also clear their trades with Ironbeam.

(to mention the Introducing Brokers are: Edgeclear, Optimus, Amp Trading - while Ironbeam is the clearer.)

They assign you a personal expert - they will be available throughout trading hours.

My email-average response time is below 1 hours, if you call Sales team someone picks up the phone and they are excellent.

I deposited International wire transfer to all 4 brokers, happily Ironbeam was the fastest with the setup.
(Ironbeam wire was cleared and in my account in 1 day - 0 cost when depositing)

My regards and many thanks to Raymond G. & Ironbeam staff.

7 June 2024
Unprompted review
Rated 1 out of 5 stars

Worst company ever I don’t care what… run as fast as you can

Worst company ever I don’t care what anybody says. I called these guys this morning. I tried to open up an account with these guys. I got all the way through the process. I hit the button nothing happened, so I called the guy that answered the phone was yawning as he just had probably woken up to tell me that they had to manually open up my account, so I waited and waited and called back again and said when when when goes well, you have to wait till they come so I waited until someone came in. I called the guy that I talked to on the phone told me that it’s common knowledge that it takes a day for an account to be open then he asked me do you Do you I told him that I put in a small amount of money and and he belittled me for the measly amount of money that I put in and kept asking me if I knew how to trade futures I wouldn’t recommend this to anybody I would go to Ninja Trader but these guys their customer service sucks. I told the guy that this is who you know that somebody told me from your company and he says to me, that’s not my guy I said well he’s from your company. Well, he’s not my guy. He’s guys don’t work together, it’s big as soon as I’m gonna close it trust me when I tell you run the other way these guys suck

30 May 2024
Unprompted review
Rated 5 out of 5 stars

Outstanding support

So far the support I am receiving and the customer service is simply outstanding. Quick turnover on questions, friendly, respectful and adapted to customer learning speed, simply just great.

14 May 2024
Rated 3 out of 5 stars

The broker is listed on the Tradingview…BUT

The broker is listed on the Tradingview platform as supported and integrated. I opened an account. 3-5 days, which is not bad. However, no Tradingview integration. I called and asked when I got the demo and was told only live accounts work. I got a live account, and it still didn't work, so I called and was told I needed to fill out another form to request it and pay a data rate. I'm going to try them for a while, but for now, I'm not really happy about the communication starting the account. I'll come back and update this review if the performance is good.

17 April 2024
Unprompted review
Ironbeam Futures logo

Reply from Ironbeam Futures

Hi Jimmy,

Thanks for taking time to leave us a review. We would like to clarify your point of account opening times however. You completed an account application with us on 4/15 and your account was opened and you were sent your account information within 24 hours on 4/16. We open most trading accounts same-day.

Enabling your account for TradingView does involve the extra step of requesting the platform to be enabled since it is not our main platform offering.

Have a great day,

The Ironbeam Team

Rated 5 out of 5 stars

I haven’t funded a account yet but Mike…

I haven’t funded a account yet but Mike has provided good service and walking me through I give them a thumbs up

6 March 2024
Unprompted review
Ironbeam Futures logo

Reply from Ironbeam Futures

Hey Taron,

Thank you for taking the time to leave us a review!

The Ironbeam Team

Rated 5 out of 5 stars

IronBeam is awesome

IronBeam is awesome. Best value around. Have used other platforms before and will stay here based on how they work with customers

26 February 2024
Ironbeam Futures logo

Reply from Ironbeam Futures

Hey there,

Thank you for taking the time to leave us a review!

Happy trading
The Ironbeam Team

Rated 5 out of 5 stars

Ironbeam has been very responsive

Ironbeam has been very responsive and their integration with TradingView is ideal.

14 February 2024
Ironbeam Futures logo

Reply from Ironbeam Futures

Hey Jered,

Thanks for taking the time to leave us a review!

Happy trading,
The Ironbeam Team

Rated 5 out of 5 stars

Excellent customer support

Excellent customer support. Nice desktop trading platform. Easy deposit and withdrawal. Deposit and withdrawal will be super excellent if visa and master card can be added as mode of payment

8 February 2024
Ironbeam Futures logo

Reply from Ironbeam Futures

Hey Ahmed,

Thanks for taking the time to leave us a review! We are always striving to improve and hope to offer more funding options in the future.

Have a great week,
The Ironbeam Team
https://www.ironbeam.com

Rated 1 out of 5 stars

If I could give ZERO stars I would

If I could give zero stars I would. What is the point in being able to call for assistance for people that work there to be rude? If you don't like your job, find something else to do.

They were extremely rude immediately upon answering the phone. The tone was like, 'why are you calling bothering me?' It's utterly disgusting that people like this exist. The guy rudely raised his voice several times. This is what "Customer Service" is these days. I will never use them again!

24 January 2024

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