WikiFX

Sagot

Based on my review of IFX, I was not able to confirm any clear information about the highest leverage they provide for major forex pairs or for other asset types. The broker positions itself mainly as a provider of payment solutions and foreign exchange services, rather than a typical forex broker with a transparent listing of leverage ratios for different asset classes. In my experience, the absence of such fundamental details is a significant red flag, especially since high leverage can greatly magnify both profits and losses and must be clearly disclosed to clients. Furthermore, the most recent regulatory status of IFX points out their licenses (FCA and DFSA) have been exceeded, meaning their regulatory coverage is no longer valid or recognized. For me, this raises serious concerns about client safety, as effective regulation is crucial when it comes to brokers offering leveraged trading. Compounding this, the broker has received numerous complaints about difficulties with withdrawals and excessive fee demands. In the context of forex trading, the lack of confirmed leverage information—and the broader transparency issues—would make me extremely cautious about trusting this broker with any leveraged trades or even basic funds. For those reasons, I would not proceed with IFX until comprehensive, verifiable details are made available and regulatory clarity is restored.