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iFinanceFX

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Operating status: SCAM

Website: https://ifinancefx.com/

Broker violations and abnormal records
  • 2023-07-24 The UK FCA issues a warning against iFinanceFX

    On July 25, 2023, the Financial Conduct Authority (FCA) issued a warning against iFinanceFX, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/ifinancefx-https-ifinancefxcom

    On July 25, 2023, the Financial Conduct Authority (FCA) issued a warning against iFinanceFX, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/ifinancefx-https-ifinancefxcom
  • 2023-07-26 BrokersView has reviewed that iFinanceFX is an unregulated broker

    In attempt to appear legitimate, iFinanceFX claims that it is authorized and regulated from EU by the Financial Certification Organization (Fincertus). However, our investigation has revealed that Fincertus is a fake financial regulator and has no authority to issue licenses.

    iFinanceFX claims to be located in the UK, and thus it should be authorized by the Financial Conduct Authority (FCA). However, the FCA has issued a warning against iFinanceFX, identifying it as an unauthorized firm.

    In essence, iFinanceFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    In attempt to appear legitimate, iFinanceFX claims that it is authorized and regulated from EU by the Financial Certification Organization (Fincertus). However, our investigation has revealed that Fincertus is a fake financial regulator and has no authority to issue licenses.iFinanceFX claims to be located in the UK, and thus it should be authorized by the Financial Conduct Authority (FCA). However, the FCA has issued a warning against iFinanceFX, identifying it as an unauthorized firm.In essence, iFinanceFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Is iFinanceFX reliable?

mari
Kyrgyzstan
2023-08-15
ANSWER iFinanceFX is not reliable.In attempt to appear legitimate, iFinanceFX claims that it is authorized and regulated from EU by the Financial Certification Organization (Fincertus). However, our investigation has revealed that Fincertus is a fake financial regulator and has no authority to issue licenses.Despite claiming to be located in the UK, iFinanceFX fails to seek authorization from the Financial Conduct Authority (FCA). The FCA has issued a warning against iFinanceFX, identifying it as an unauthorized firm.In essence, since iFinanceFX is an unlicensed broker warned by the FCA, we strongly suggest investors stay away from it. It comes with significant risks such as financial losses and identity theft, as there are no rules in place to safeguard investors. Therefore, it is advisable for investors to choose a fully regulated alternative.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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