Is iFOREX Legitimate and Safe?
iForex is an online broker that provides forex and CFD trading services to its clients. Our research has shown that iForex does not meet the standards of a reliable and reputable broker. Therefore, we do not recommend trading with iForex. It is important to conduct due diligence before selecting a broker to ensure a secure and trustworthy trading experience.
Is iForex a Licensed Broker?
The first and most significant issue with iForex is that it is not a licensed broker. The company is not regulated by any financial authority or regulatory body, which is a warning sign for traders. They did not mention their trading policy, profit margin, withdrawal terms, etc. With all this unclear information, it cannot be said to trust this broker.
Why Should Not Your Trust an Unlicensed Broker?
It’s important to be cautious when trading with a broker that is not licensed, such as iForex. Unlicensed brokers are not held to the same regulations and standards as licensed brokers, which can lead to potential risks. They may engage in fraudulent activities, such as price manipulation, spreading false information, and even theft of your funds. It’s important to thoroughly research and consider the potential risks before choosing to trade with an unlicensed broker.
Can iForex Be Trusted?
No, it cannot be trusted. Their website is full of misleading information and false promises. They use deceptive marketing tactics to lure traders in, promising them high returns and low risks. However, traders who trade with iForex will likely lose their money due to the company’s unethical practices.
What Do Traders Think About iForex?
Traders who have had experience with iForex have reported negative experiences. Many have lost their entire investment and have had difficulty withdrawing their funds. Traders have also reported poor customer service, with unresponsive and unhelpful representatives.
Scammed by iForex?- Talk to Our Experts
If iForex has scammed you, do not hesitate to contact our expert team. We will provide free consultation and service recommendations to recover your lost money.