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Fake IFC Markets

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Operating status: SCAM

Website: https://www.ifcheck.com/#/home

Broker violations and abnormal records
  • 2024-04-30 The SCB adds Fake IFC Markets to its warning list

    On May 1, 2024, the Securities Commission of The Bahamas (SCB) added Fake IFC Markets to warning list for offering financial services or products without their permission. https://www.scb.gov.bs/wp-content/uploads/2024/05/Public-Notice-4-of-2024-Entities-Not-Regulated-by-the-Securities-Commission-of-The-Bahamas-May.pdf

    On May 1, 2024, the Securities Commission of The Bahamas (SCB) added Fake IFC Markets to warning list for offering financial services or products without their permission. https://www.scb.gov.bs/wp-content/uploads/2024/05/Public-Notice-4-of-2024-Entities-Not-Regulated-by-the-Securities-Commission-of-The-Bahamas-May.pdf
  • 2024-05-21 BrokersView has reviewed that Fake IFC Markets is an unregulated broker

    Despite its attempts to build a reputation through exaggerated language, Fake IFC Markets is an unregulated broker. BrokersView has noticed that Fake IFC Markets shares similar registration information, regulatory statements, and company profiles with the suspicious broker, SCEXS (https://www.brokersview.com/brokers/scexs). In addition, it claims regulated by the British Virgin Islands Financial Services Commission (BVI FSC). Upon investigation, no matching information was found in the BVI FSC. It is worth that it claims established in 2010, and after investigation, we found that it was established in 2014. This suggests that Fake IFC Markets is likely fraudulent as well.

    The most compelling evidence comes when the Securities Commission of the Bahamas (SCB) adds Fake IFC Markets to its warning list, refuting the broker's false claims of being regulated by them.

    In essence, Fake IFC Markets is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Fake IFC Markets appears to be a scam.

    Despite its attempts to build a reputation through exaggerated language, Fake IFC Markets is an unregulated broker. BrokersView has noticed that Fake IFC Markets shares similar registration information, regulatory statements, and company profiles with the suspicious broker, SCEXS (https://www.brokersview.com/brokers/scexs). In addition, it claims regulated by the British Virgin Islands Financial Services Commission (BVI FSC). Upon investigation, no matching information was found in the BVI FSC. It is worth that it claims established in 2010, and after investigation, we found that it was established in 2014. This suggests that Fake IFC Markets is likely fraudulent as well.The most compelling evidence comes when the Securities Commission of the Bahamas (SCB) adds Fake IFC Markets to its warning list, refuting the broker's false claims of being regulated by them.In essence, Fake IFC Markets is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Fake IFC Markets appears to be a scam.

Related Complaints

Q&A

I was stunned when noticing that you guys flagged ifcheck.com as a fake IFC Markets. So is it really a bogus website?

Lucy VADAKKETHIL
Germany
2024-05-22
ANSWER Unverified operators are indeed offering financial services via the website ifcheck.com without the necessary authorization. They are misusing a logo and trade name identical to that of the authentic IFC Markets, misleading unsuspecting investors. Consequently, we strongly advise against responding to any offerings made by this fraudulent broker.Our investigation indicates that the regulatory information that Fake IFC Markets claims to have is baseless. It illicitly uses the licensing information of its legitimate counterpart, IFC Markets, to trick investors into believing they are dealing with a genuine entity. It's important to note that these two forex brands are not affiliated. Furthermore, the Securities Commission of the Bahamas (SCB) has added ifcheck.com to its warning list for falsely claiming to be under their regulation.Therefore, it's clear that ifcheck.com is a counterfeit broker. To safeguard themselves from potential fraud schemes, investors are highly advised to conduct due diligence when selecting a broker, rather than taking their claims at face value.
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