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IKOFX

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Operating status: SCAM

Website: http://www.ikofx.com

Broker violations and abnormal records
  • 2021-06-19 BrokersView has reviewed that IKOFX is an unregulated forex broker

    IKOFX claims to be regulated by the Vanuatu Financial Services Commission (VFSC) with company number: 14547. However, we did not find any match results to the company name or the company number in VFSC. That means IKOFX is actually not regulated by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    IKOFX claims to be regulated by the Vanuatu Financial Services Commission (VFSC) with company number: 14547. However, we did not find any match results to the company name or the company number in VFSC. That means IKOFX is actually not regulated by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A

How long can I use a Demo Account ? Does it have a time limit?

Samuel
United Kingdom
2022-05-23
ANSWER IKOFX is not a licensed or regulated broker even though it states offers that look good to be true. IKOFX claims it is regulated by Vanuatu Finance Service Commission (VFSC) with company number: 14547. However, we did not find any match results to the company name or the company number. The truth is that IKOFX is not regulated by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like IKOFX and trade with licensed brokers.
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Would you recommend IKOFX for trader?

John
Portugal
2021-12-22
ANSWER IKOFX is an unregulated broker and should be avoid at all events. IKOFX claims to be operated and owned by IKO Global Limited, an offshore company registered in Vanuatu. However, despit the broker's claims, no detailed regulatory information about this firm could be found on the Vanuatu Financial Services Commission (VFSC). So IKOFX is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam. We would recommend traders to stay away from unregulated brokers like IKOFX and trade with licensed brokers.
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