Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

iForex

Japan|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://iforex-ja.site

Website

Rating Index

Contact

https://iforex-ja.site
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

iFOREX.

Company Abbreviation

iForex

Platform registered country and region

Japan

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-02-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Users who viewed iForex also viewed..

XM

9.03
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

MultiBank Group

8.59
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

KCM Trade

7.73
Score
5-10 yearsStraight Through Processing(STP)MT4/5 full license
Official website

HFM

8.28
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website
Pyramid scheme complaint
Expose

    iForex · Company Summary

    General Information & Regulation

    This iForex is a forex broker registered in Japan, with the company behind it not disclosed to all. This iForex official website is not informative, with lots of essential information missing. Obviously, this iForex is not subject to any regulation per its website, and it is probably a scam broker that investors should take extra vigilance.

    Market Instruments

    When it comes to financial instruments, this iForex advertises that it offers stocks, precious metals, energy, stock index as well as currency pairs.

    Minimum Deposit

    This iForex does not make its minimum deposit requirement clear to us. In most cases, brokers should ask traders to fund around $100 to start real trading. Some big players even requires much less, around $10.

    Leverage

    This iForex offers up to 400x leverage, which is considered high. Since leverage can amplify gains as well as losses, trading with an unregulated broker offering high leverage level is not really a good option.

    Spreads & Commissions

    iForex claims that he minimum spread of US dollar yen and euro dollar of iFOREX is 0.7 pips. WTI Crude Oil can be traded with a minimum spread of 2 pips and a very narrow spread. Since iForex is an unregulated and untrustworthy broker, this may be an advertisement to attract and scam traders.

    Trading Platform Available

    iForex does not tell us what trading platform it applies, and we can be sure that it is not the MT4 OR MT5 trading platform. Maybe some proprietary or third-party platforms.

    Customer Support

    iForex seemingly targets the Japanese Market only, so its website is available in Japanese only. There is not even a telephone number or an email address available.

    User Reviews

    Sort by content

    • Sort by content
    • Sort by time

    User comment

    5

    Comments

    Write a review

    Cinderella
    more than one year
    I think most people leaving bad reviews traded with greed and they lose their money, it’s never the broker's fault. The support team will call to put you through and even guide you not to fall into a loss. As for me, I am satisfied with the communication and I hope that it will last until our future cooperation and a good evaluation of finances.
    2023-03-23 14:47
    Reply
    0
    0
    FX1249644062
    more than one year
    Site content is only in Japanese! I can't understand it at all. In addition, this company does not have any regulatory license. I would definitely not invest here.
    2023-02-20 18:56
    Reply
    0
    0
    FX1572573995
    more than one year
    A scam company that uses its own platform and withdraws money under the pretense of trading. They stopped all my deals without my knowledge and withdrew all the money.
    2023-01-31 01:12
    Reply
    0
    0
    walid ‎
    more than one year
    Beware of this false platform Beware of it with all caution False fraudulent platform
    2022-12-31 09:06
    Reply
    0
    0
    walid ‎
    more than one year
    This is a false platform, beware of it
    2022-12-24 06:21
    Reply
    0
    0
    7
    TOP
    Select Country/District
    United States
    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;+44-7517747077
    License or other information error corrections, please send the information to:qawikifx@gmail.com
    Cooperation:fxeyevip@gmail.com