Ironbeam Legit?
Ironbeam is a legitimate and highly regulated Futures Commission Merchant (FCM) . Your funds are held in segregated accounts , which are legally required to be kept separate from the broker's own operational money. 1. Who are the Regulators? Ironbeam is strictly overseen by two primary U.S. authorities: Commodity Futures Trading Commission (CFTC) : The main federal agency that regulates the U.S. derivatives markets. National Futures Association (NFA) : The self-regulatory organization for the U.S. derivatives industry. 2. Where are the Funds? As you mentioned, Ironbeam uses BMO Harris Bank, N.A. and MB Financial Inc. as its primary customer bank depositories. Segregation : By law (CFTC Regulation 1.20), these funds cannot be used by the broker for their own business or to cover other customers' losses. Safety : Even if the broker faces financial trouble, your assets in these accounts are protected and intended to be retur...