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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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.