Ideal Fx Exchange

Note: For some unknown reason, we cannot open Ideal Fx Exchanges official site (https://idealfxexchange.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

Ideal Fx Exchange is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with leverage up to 1:100 and spreads fixed at 2 pips on EUR/USD on the leading MetaTrader4 trading platform, as well as a choice of four different live account types, Auto Forex Trading and Bitcoin Mining services.

As for regulation, it has been verified that Ideal Fx Exchange does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.31/10. Please be aware of the risk.

Market Instruments

Ideal Fx Exchange advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.

Account Types

Apart from free demo accounts, Ideal Fx Exchange claims to offer four types of trading accounts, namely Standard, Classic, Gold and Premium. The minimum initial deposit amount is $250 for the Standard account, while the other three account types have much higher minimum initial capital requirements of $500, $1,000 and $3,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

The leverage provided by Ideal Fx Exchange is capped at 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

Ideal Fx Exchange claims that the spread is fixed at 2 pips on EUR/USD.

Trading Platform Available

The platform available for trading at Ideal Fx Exchange is the industry-standard MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

Ideal Fx Exchange says to accept Perfect Money, Payeer, Bitcoin, Litecoin, Bitcoin Cash, and Ethereum. The minimum initial deposit requirement is said to be $250, while there is no mention of what the minimum withdrawal amount is.

Customer Support

Ideal Fx Exchanges customer support can be reached by telephone: +1(548) 800-4068, email: info@idealfxexchange.com. Company address: 178 Katherine Road, London E6 1ER, United Kingdom.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.