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IFSFX Broker: SCAM

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May 28, 2018 • Scam Brokers

IFSFX reviews
  • Website: www.ifsfx.com
  • Founded: 2011
  • Company: Ideal Financial Services Ltd.
  • Headquarter: London, United Kingdom
  • Regulation: ministry of commerce industries (Panama) (#2324934-1-793567)

International offices –
Broker Type Market maker
Broker Status Independent Broker
Accept U.S Clients No
Live Chat Yes
Phone +44-845 056 5437 (UK)
+603-9205 7694 (Malaysia)
+613-9483 4725 (Australia)
+62-21 2939 1259 (Indonesia)
Fax –
Email [email protected]
Website Languages Arabic, Chinese, English, German, Russian, France, Bahasa

 

Account Information

Free Demo Account Yes
Min. Deposit $50
ECN account No
Account Currencies USD
Maximum Leverage 500:1
Minimal Order Volume 0.01
Segregated accounts No
Swap-free Accounts Yes
MAM/PAMM accounts No
Managed account No
Interest on margin No
Deposit/ Withdraw Options Bank Wire

 

Trading Terms

Trading Platforms MetaTrader 4 (desktop, blackberry, android)
Precision pricing 5 digits
Type of Spread Floating
Commission no
Lowest spread on EURUSD 1.5 pips
Scalping Yes with limitations:

1) Stop Loss, Take Profit and Pending Orders 10 pips or more away from the current price;
2) Most of the trades must be open for more than 3 minutes.

Hedging No
Expert Advisors Yes
One-click execution No
OCO orders No
Mobile Trading Yes
Web Trading No
Gold, Silver Yes
CFDs Yes
Other Trading Instruments Indices • Stocks • Shares
Promotion IFSFX Bonus
Trading Contests No
VIP service –

Reader Interactions

Comments

  1. Reza says

    November 10, 2013 at 9:20 am

    IFSFX bank guarantee agreement includes the address of the headquarter in UK and the company registration in UK. When I checked the address belongs to an virtual office center in UK called W1. I called them and the reply was that this company was their client having a virtual office till July 2013 and they are no longer there. Can you believe it? HQ is a virtual office !!! The IFSFX company registration number which was in the contract seems to be fake. I have checked with the company house of UK and the registration number doesnt exist. It even doesnt have the number of digits that all UK company numbers have. Another reason not to trust this company. The company has told their clients that if you want your money back you can either transfer all your money to trade credits so we can sell for your or you can buy the IFSFX company share. When you transfer to credit they will not sell it. If you follow up they will tell you that you need to market it yourself. Basically they are forcing you to do marketing for them.Their Director in Malaysia named David (Dawwod) Alizadeh called me and said he is not renewing his contract with the IFSFX. It is funny because he is literally the only contact person we ever had from IFSFX since no one in the HQ will ever answer your calls. When I asked for a contact from the company he promised to pass me some managers number which he never did.

    Reply
  2. Reza Khoshdel says

    September 13, 2013 at 10:11 pm

    They have been delaying sending my signed contract for few months. My initial investment was $41000 , in 4 months they show I have benefited $9000, when i make a withdraw request they say they never received it and the month after they have shown negative trade results and now my balance is $20000. Its very suspicious, when u call the head office in UK the secretary says they are all busy. I know 3 other people which have totally lost their money in this company and im talking about more than $100,000 that they have lost. The company keeps giving u excuses and no results. I dont trust them. Save yourself and dont put your money there.

    Reply

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