Irex Global Chain is a forex broker whose website domain was registered on March 2, 2024. It primarily offers investors trading services in financial derivatives such as forex, stocks, indices, energy, metals, and ETF contracts for difference (CFDs). This broker does not provide services in jurisdictions that may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
According to the information revealed on the official website of Irex Global Chain, the broker has multiple corporate entities under its banner, regulated by several regulatory bodies. Irex Global Chain Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC), with a license number of 1780019. Irex Global Chain (registration number HRB11677B) acts as the designated representative of Ultra Booster Trade Ltd registered with the Federal Financial Supervisory Authority (BaFin) in Germany. Additionally, the broker was authorized by the Financial Services Commission (FSC) of Mauritius as an investment dealer on October 2, 2017, under the license number C17554381. TVH Ltd is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with a license number of SD0175.
However, upon verification of its official website information, the Cyprus Securities and Exchange Commission (CySEC), the Federal Financial Supervisory Authority (BaFin), the Financial Services Commission (FSC) of Mauritius, and the Financial Services Authority (FSA) of Seychelles did not find any regulatory registration information for this broker.
Account Opening:
To open an account with Irex Global Chain: visit the broker's official website, click on “SIGN UP FOR FREE” on the homepage or “SIGN UP” at the top right corner of the page to access the account registration page. Fill in personal information such as name, email address, and set a login password, then submit. Once the application is submitted, the account is successfully registered.
Account Types:
Irex Global Chain offers users a demo trading account and four different types of trading accounts: STARTER, BASIC, PRO, EXECUTIVE. However, its official website does not disclose information related to spreads, trading leverage, margin call/stop-out levels, contract sizes, trading commissions, minimum/maximum trading volume, maximum position/orders amount, or the minimum price precision.
Trading Platform:
Irex Global Chain provides users with a proprietary trading platform.
Deposits and Withdrawals:
Irex Global Chain supports deposits and withdrawals through local banks, electronic wallets, or cryptocurrencies.
Conclusion:
Traderknows reminds investors that Irex Global Chain is a scam platform providing false regulatory information, with its website design and content identical to those of brokers such as Sterling Asset, FS Main, Venus Mining, Upfront Fx Trade, Safe Invest Trades, and Reliable Bitcoin Mining. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities to avoid unnecessary losses to their assets.
Currently, this broker is marked as "Suspected Scam" on Traderknows.
