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Score

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iFOREX

The Virgin Islands|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.iforexone.in/

Website

Rating Index

Contact

+30 +30-210-374-2599
info@iforex.com
https://www.iforexone.in/
Commerce House Wickhams Cay1 PO Box 3140 Road Town, Tortola British Virgin Islands VG 1110

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+30 +30-210-374-2599

English

+91 33-7127-9140

Other ways of contact

Broker Information

More

Company Name

Formula Investment House Ltd

Abbreviation

iFOREX

Platform registered country and region

The Virgin Islands

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-11-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

iFOREX · WikiFX Survey

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iFOREX · Company Summary

Broker Name

iFOREX

Founded in2019
Registered inThe Virgin Islands
Regulated byNot regulated
Market InstrumentsForex; Stocks; Commodities; Indices
Trading PlatformDesktop/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.

Overview of iFOREX

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.

How to open an 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).
Trading Platform

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.

Customer Support

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.

News

WIKIFX REPORT: iFOREX to add 40 Indian share assets to their FXnet

NewsWIKIFX REPORT: iFOREX to add 40 Indian share assets to their FXnet

2022-08-01 14:52

iFOREX - a leading global financial broker - announced the addition of more than 40 new shares from the Indian market to their proprietary platform, the FXnet. Key additions include Tata Power, Bharti Airtel, Bharat Electronics, Vodafone Idea, and Jindal Steel & Power.

WikiFX
2022-08-01 14:52
News
WIKIFX REPORT: iFOREX to add 40 Indian share assets to their FXnet

Review 4

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