IFE MARKETS is a contract for difference (CFD) broker registered on its official website on September 18, 2018. The company primarily offers CFD trading services in forex, metals, commodities, indices, stocks, and more. The headquarters address of the company has not been disclosed. The broker does not provide services to countries or regions where it may violate local laws or regulations.
Corporate registration information and regulatory status:
According to publicly available information on its official website, IFE Markets is affiliated with the trading brand of Global Investment House Limited. The company is registered as an International Business Company under the Seychelles Financial Services Authority (FSA).
Upon verification, the Seychelles Financial Services Authority (FSA) website did not show any information about a company named Global Investment House Limited, and IFE Markets was also not found.
Account Opening:
To open an account with IFE Markets, users need to register for a personal login account. They can do this by visiting the broker's official website and clicking on "Register" in the top right corner. The registration form requires information such as name, nationality, email address, and phone number. After submitting the form, the broker will send the username and password for the trading account to the email provided during registration. Within 15 days of activating the trading account, users must submit identity documents, credit card front/back copies or deposit certificates, proof of address, and other photos for verification. After verification, users can deposit funds and start trading. However, there have been reported issues where an error page appears after registration, yet the broker still sends the trading account and password via email. Unfortunately, these credentials cannot be used to log in on the IFE Markets website.
Account Types:
IFE Markets offers users four types of trading accounts: X-STANDARD, X-PREMIUM, X-PRO.
- X-STANDARD account: Minimum deposit of $200, standard spreads, maximum leverage of 1:200, available for forex trading and X-Web platform, maximum pending/open orders of 25 lots.
- X-PREMIUM account: Minimum deposit of $2000, premium spreads, maximum leverage of 1:400, available for forex and metals trading, supports X-Web and mobile platforms, maximum pending/open orders of 75 lots.
- X-PRO account: Minimum deposit of $5000, premium spreads, maximum leverage of 1:400, available for forex, metals, and commodities trading, supports X-Web and mobile platforms, maximum pending/open orders of 200 lots.
Trading Platforms:
IFE Markets provides users with the X-Web and X-mobile trading platforms, which are proprietary platforms developed by the company.
Deposits and Withdrawals:
IFE Markets supports deposits and withdrawals through methods such as bank wire transfers, credit cards/debit cards, Neteller, etc.
Contact Information:
Users can contact IFE Markets for customer support through phone at +44 2033181550, email at support@IFEMarkets.com, and the online contact form on the broker's official website.
Summary:
Traderknows advises investors that IFE Markets has unclear corporate entity information, lacks effective regulation, and faces issues with account opening. It is recommended that investors stay away from this platform when choosing a trading platform. It is advised to opt for platforms with transparent information, effective regulation, and a good reputation to avoid unnecessary financial losses. Currently, the broker is marked as "suspected fraud" on Traderknows.
