Score
iFOREX
The Virgin Islands|2-5 years| https://www.iforexone.in/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
The Virgin Islands
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed iFOREX also viewed..
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Website
iforexone.in
Server Location
United States
Website Domain Name
iforexone.in
Server IP
35.227.200.142
-
iforexcn.com
Server Location
Ireland
Website Domain Name
iforexcn.com
Server IP
54.229.210.138
Company Summary
| Broker Name | iFOREX |
| Founded in | 2019 |
| Registered in | The Virgin Islands |
| Regulated by | Not regulated |
| Market Instruments | Forex; Stocks; Commodities; Indices |
| Trading Platform | Desktop/PC |
| Customer Support | +30-210-374-2599; cs@iforex-one.com |
Overview of iFOREX
iFOREX, registered in The Virgin Islands, operates without regulatory oversight. Despite its lack of regulation, the platform offers many market instruments including Forex pairs, stocks, commodities like gold and oil, and indices. iFOREX distinguishes itself with a zero-commission structure, making it attractive for traders seeking cost-effective transactions. The trading experience is facilitated through a desktop/PC platform, ensuring robust accessibility and functionality. Customer support is available via phone at +30-210-374-2599 and email at cs@iforex-one.com, emphasizing responsiveness and assistance for user inquiries and issues.
Regulation
iFOREX operates without regulatory oversight, which means it currently does not fall under the supervision of any financial regulatory authority. This lack of regulation may impact customer confidence and raises considerations regarding investor protection and operational transparency. Potential clients should carefully evaluate the implications of choosing to engage with an unregulated entity.
Pros & Cons
iFOREX offers a diverse range of trading instruments and a user-friendly platform, catering to both novice and experienced traders. They provide ample educational resources to support learning and development. However, the platform lacks clarity on account types and operates without regulatory oversight, posing potential risks to traders. There is also a noted deficiency in transparency regarding company policies and procedures, which may affect trust and reliability among users.
| Pros | Cons |
| • Various trading instruments to trade | • Operates without regulatory oversight, potentially exposing traders to risks |
| • User-friendly platform | • Lack information about account types |
| • Educational resources | • Lack of educational resources or transparency regarding company policies and procedures |
| • Deposit and withdrawal methods limited to crypto wallets |
Market Instruments
iFOREX provides a wide range of tradable instruments on its platform. These include Forex pairs such as USD/EUR and GBP/JPY, allowing investors to trade in currency. Additionally, iFOREX offers access to stocks, enabling users to invest in equities of various companies. The platform also supports trading in commodities like gold, oil, and natural gas, providing opportunities in the commodity markets. Furthermore, investors can trade on indices representing specific sectors or regions, broadening their portfolio options with market index trading capabilities.
How to open an account
iFOREX's website likely features a “Register” or “Open Account” button. Clicking this would initiate the process, which might involve submitting basic personal information, completing a verification process (Know Your Customer - KYC), and potentially funding your new account.
Trading Platform
iFOREX offers a proprietary trading platform accessible through both web browsers and mobile apps. This platform caters to various needs with features like:
- User-friendly interface designed for smooth navigation and order execution.
- Access to a wide range of markets, potentially including forex, stocks, commodities, and indices (depending on regulations).
- Advanced charting tools for in-depth market analysis.
- Integration with economic calendars and trading signals for informed decision-making (availability may vary).
Customer Support
iFOREX's Customer Support team is dedicated to delivering exceptional service with a focus on responsiveness and expertise. They can be reached via phone at +30-210-374-2599 or through email at cs@iforex-one.com. Whether addressing inquiries, resolving issues, or providing guidance, X's support specialists are committed to ensuring a seamless experience for every customer, prioritizing clarity and efficiency in all communications.
Conclusion
iFOREX offers a user-friendly platform with a variety of instruments for forex, stocks, commodities, and indices (availability may vary). Their zero-commission structure and educational resources are attractive, but the lack of regulatory oversight is a major concern. Carefully consider the risks involved before investing with an unregulated broker.
FAQs
Is iFOREX safe？
iFOREX is not regulated by any financial authority, which presents a higher risk for investors. Regulated brokers offer certain protections not available with unregulated brokers.
What account types does iFOREX offer？
Information about iFOREX's account types is currently unavailable.
How do I fund my iFOREX account？
Specific deposit/withdrawal methods are unclear, but further research suggests they might be limited to crypto wallets.
Does iFOREX offer educational resources？
iFOREX claims to offer educational resources, but the extent and quality are not well-defined.
Risk Warning
Trading online carries inherent risks, including the potential loss of your entire investment. It's essential to recognize that online trading may not be suitable for everyone, and individuals should carefully consider their risk tolerance before participating. Additionally, please be aware that the details provided in this review are subject to change as companies update their services and policies. Therefore, it's advisable to verify the most up-to-date information directly with the company before making any trading decisions. Ultimately, the responsibility for utilizing the information in this review lies solely with the reader.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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FX6283185592
Argentina
This platform is a completely scam. I started with 200 dollars and I was able to get a profit of more than 1500 dollars in two months. I wanted to withdraw that money, but they told me it was for a refund and a refund to a card will take a maximum of 28 business days to arrive my account. I have been waiting for my money for more than 30 business days and I have spoken with the bank and with a visa that is the provider of my card. I did everything that the director of advisors named Willy told me, the bank tells me that there is no such refund and VISA is not aware of that transaction either. After I made all the movements that the director Willy told me, I try to communicate with him again so that they give me my money, but they no longer answer me. They ignore my messages. IT'S A SCAM, DO NOT PUT YOUR MONEY IN
Exposure
2021-12-17
shrimp99
Taiwan
In the beginning, a lady from iforex called me several times and asked me to register on their platform with 100 dollars. Later, their fund manager called and said that he was here to guide me in trading. I started to see some profits at the beginning. Later, he said that if I invest more, I can make more money, so he made me invest $200 more. Now I see the trade going to my side. Later he asked me to invest more money as the market rose. So I invested more. Suddenly the market goes in the opposite direction...
Exposure
2021-12-13
FX5944873722
Malaysia
Please do not open any account on this platform.
Exposure
2021-09-19
A19627
United Kingdom
I invested more than one hundred dollars in iFOREX more than a year ago. I chose it because of its low initial deposit requirements. But I didn't expect that it would not let go of such a small amount! fraud company!
Positive
2023-02-23