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Give back my hard-earened money! I would appreciate it if anyone could help me.
It is said that funding process is prohibited before February 10th. Now the webiste is even disabled.
IFDC induced clients to trade in it through Wechat group and livestreaming room, claiming that the profit is 100%!
The withdrawal hasn't been received as expected within 10 days. The scam platform didn't reply to me on Wechat or QQ. Give back our hard-earned money.
General Information & Regulation
IFDC Capital claims to be the U.S. registered online forex, commodities, and cryptocurrency broker and currently holds a general financial license from the National Futures Association (NFA), Regulation No. 0514623, but this license is over the scope of operation and investors should be aware of the risks.
IFDC Capital claims to provide investors with trading services in foreign exchange currencies, commodities, and cryptocurrencies.
IFDC Capital Minimum Deposit
IFDC Capital does not offer different account types, but it indicates that “Introducing Broker's number” is required to open an account. In addition, the account opening form provided is full of spelling errors, so it can be concluded that this is most likely an illegal broker.
IFDC Capital Leverage
The maximum leverage offered in IFDC Capital's demo account is up to 1:500, which is usually generous leverage offered by irregular brokers, as high leverage offers some profit potential but also brings huge risks to investors.
Spreads & Commissions
IFDC Capital claims that it offers floating spreads, and there is no information on the website about the spreads of any products. Using the MT4 demo account, you can see that the EURUSD currency conversion spread is 2 pips, which is above the industry standard, as most brokers offer EURUSD spreads between 1.1 and 1.5 pips.
IFDC Capital offers traders the market-leading and widely acclaimed MT4 trading platform, as well as MT4 Desktop, IOS, and Android versions. MT4 forex trading platform is preferred by 80% of users worldwide and features an intuitive, user-friendly interface, advanced charting tools, analytical tools, and copy-combined automated trading options. Traders can customize and create different trading strategies using the proprietary MQL4 programming language.
Deposit and withdrawal
The official website of IFDC Capital does not provide any information on credit cards, debit cards, or bank wire transfers to deposit or withdraw funds to or from your account, nor does it provide information on minimum deposit or withdrawal amounts.
IFDC Capital Cons
IFDC Capital Disadvantages Inlcude:
1. Operating beyond its scope
2. Important transactions not accurate
3. Wide spreads in demo accounts
4. Unregulated and poorly informed website
5. No information on deposit and withdrawal.
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