CryptoIFX is a brokerage firm that offers trading services in forex, commodities, energy, stocks, and indices to investors. The official website of CryptoIFX is https://cryptoifx.com/, and the website supports multiple languages, including Simplified Chinese, English, Spanish, Portuguese, German, Russian, and Thai. According to domain registration information obtained from a Whois query, the company's official website was registered on March 25, 2021, making it more than two years old as of the current date.
Company Background:
Information on the CryptoIFX official website indicates that the company is registered in Saint Vincent and the Grenadines. Verification from the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) confirms that the company's registration information is genuine. Furthermore, according to the Whois database, the domain for the company's official website was registered on March 25, 2021, more than two years ago.
Account Types:
CryptoIFX's official website offers five different types of trading accounts: Rookie, Gold account, Elite, Elite Plus, and VIP. However, the website only displays the differences in minimum deposits for these five account types and does not provide information on spreads, commissions, margin ratios, overnight fees, or other details that may differ between account types.
Account Types:
CryptoIFX's official website offers five different types of trading accounts: Rookie, Gold account, Elite, Elite Plus, and VIP. However, the website only displays the differences in minimum deposits for these five account types and does not provide information on spreads, commissions, margin ratios, overnight fees, or other details that may differ between account types.
Trading Products:
CryptoIFX's official website offers trading services in forex, commodities, energy, stocks, and indices. However, the website only displays the spreads for some products and does not provide a comprehensive list of specific trading products, along with details such as spreads, commissions, overnight fees, and other relevant information.
Margin Ratios:
CryptoIFX only displays a 1:400 margin ratio on its official website and does not provide information on margin ratios for specific trading products in forex, commodities, energy, stocks, and indices.
Trading Hours:
The CryptoIFX official website provides trading hours for major exchanges in Europe, Asia, the United States, and other regions and does not provide specific trading hours for the individual trading products in forex, commodities, energy, stocks, and indices.
Deposits and Withdrawals:
CryptoIFX's official website indicates that the company supports bank transfers, Visa, and MasterCard for deposits and withdrawals. However, it does not provide information on deposit and withdrawal processing times, fees, or supported currencies.
Trading Software:
CryptoIFX's official website states that the company provides its proprietary trading software, which includes a desktop version, web-based version, and mobile versions for iOS and Android. However, it mentions potential issues with downloading and installing the Android version in certain countries or regions.
Trading Tools:
CryptoIFX's official website offers economic calendars and expiry calendars as trading tools. While the economic calendar provides information about published or upcoming financial events, the expiry calendar does not appear to provide any information.
Risk Warning:
CryptoIFX's official website states that the company does not provide financial services to residents of certain countries or jurisdictions, including the United States, North Korea, and Iraq, among others.
Regulatory Information:
The CryptoIFX official website only mentions that the company is registered in Saint Vincent and the Grenadines and does not provide any regulatory-related information. Additionally, the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) does not regulate, monitor, supervise, or license business companies (BCs) engaged in forex trading or brokerage activities.
Summary:
CryptoIFX raises suspicions of potential fraud. Despite the company's registration and the age of its domain, verification from the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) indicates that the company is not subject to regulation or licensing for forex trading or brokerage activities. Given this information, investors should exercise caution when considering the services of CryptoIFX. TraderKnows reminds you to prioritize your financial security and be vigilant to avoid falling into potential scams.
