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ikofx

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ANSWER IKOFX is an unregulated trading platform even though it states offers that look too good to be true.IKOFX claims to be the trading name of IKO Global Limited, a company claiming to be a financial service provider registered in the Vanuatu Financial Services Commission (VFSC) with company number 14547. When we searched the VFSC's website for this broker, however, we found the company number belongs to a company named "VEVOFX Limited". More importantly, we did not find any matching results to IKOFX in the list of "Financial Dealers Licensee". That means, the regulatory status IKOFX claims is a false statement to unsuspecting investors.In fact, IKOFX is an unlicensed financial service provider and trading platform. Regarding your question, trading with IKOFX comes with increased risk. There are no safeguards in place to protect investors' funds deposited in this broker. We would suggest investors stay away from unregulated brokers like IKOFX and trade with fully licensed brokers.

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.

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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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.

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