IdealFX is a brokerage firm that provides trading services in forex, commodities, stocks, and indices for investors. The official IdealFX website is https://idglobalmarkets.com/, and the website supports English as the primary language. According to the Whois query for the website's domain registration, the domain was registered on May 24, 2022, and, as of now, it has been registered for less than two years.
Company Background:
The information on the IdealFX website states that the company is registered and established in Saint Lucia. However, the Saint Lucia Companies and Intellectual Property Office (E-Filing) website did not yield any relevant registration information for the company. Additionally, the website domain registration information indicates that the IdealFX website domain was registered on May 24, 2022, within the last two years.
Account Registration:
IdealFX provides registration links for both demo accounts and real accounts. The registration process for a demo account involves clicking on the "Demo Account" on the homepage, filling in required information such as name, email, and phone number. The registration process for a real account is similar, with users clicking on "Live Account" and providing the necessary information.
Account Types:
IdealFX offers four types of trading accounts: Standard, Silver, Gold, and VIP. The website provides information on the spread differences between these accounts but does not specify details such as the initial investment amount or margin ratios.
Trading Products:
IdealFX offers trading services in forex, commodities, stocks, and indices. However, the website does not provide specific information on the trading products within these categories, including details such as initial investment amounts, margin ratios, commissions, and spreads.
Margin Ratios:
The IdealFX website does not provide information on the margin ratios for specific trading products in forex, commodities, stocks, and indices.
Trading Hours:
The IdealFX website does not offer information on the trading hours for specific trading products in forex, commodities, stocks, and indices.
Deposits and Withdrawals:
IdealFX only displays a few deposit and withdrawal channels, including VISA, MasterCard, Neteller, Skrill, Wire Transfer, and PayPal. However, detailed information on supported currencies, processing times, and associated fees is not provided.
Trading Software:
IdealFX provides a proprietary iOS/Android trading app but does not offer downloadable links or usage links for computer and web versions. The proprietary Android trading app may face download and installation issues in certain countries or regions.
Additional Services:
IdealFX offers services such as an economic calendar and daily briefs. The economic calendar helps investors stay informed about past and upcoming economic data and risk events. Daily briefs provide technical analysis services.
Regulatory Information:
The IdealFX website does not provide any regulatory or authorization information. Moreover, the website indicates registration in Saint Lucia's Financial Services Regulatory Authority (FSRA), but no relevant regulatory information was found on the FSRA website.
Conclusion:
IdealFX is suspected of fraudulent activity. Firstly, the Whois query shows that the website domain has been registered for less than two years. Secondly, the Saint Lucia Companies and Intellectual Property Office (E-Filing) website did not contain any registration information for the company. Finally, the website indicates registration with Saint Lucia's Financial Services Regulatory Authority (FSRA), but there is no relevant regulatory information found on the FSRA website. Based on these factors, IdealFX is suspected of fraudulent activity, and investors are advised to exercise caution when considering the services offered by this company. TraderKnows reminds you to be vigilant about your financial security and avoid falling into fraudulent traps.
