Score

1.92 /10
Danger

IFA

Malaysia

1-2 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

Australia Appointed Representative(AR) Revoked

High potential risk

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Comparison

Quantity 8

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index4.87

Risk Management Index0.00

Software Index8.60

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

International Finance Asia Ltd

Company Abbreviation

IFA

Platform registered country and region

Malaysia

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2025-02-07
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
Others

Jubao Pen payment merchants do not return funds

On January 28th, I transferred 10 million Japanese Yen to an account provided by Jubao Basin's payment service, intending to exchange it for USDT and deposit it into IFA. However, after receiving the money, Jubao Basin delayed issuing the USDT and ultimately blocked me yesterday.

2025-02-01 14:26
Scam

All of my wealth has been deceived. Where is the conscience of the fraud group?

IFA and OpixTech are a team of scammers who have taken away all my wealth. It's really outrageous. It started like this. I was invited by someone I knew but wasn't familiar with to attend a seminar. At the beginning, the person started talking about how severe inflation is now, and how electricity prices and other things are going to increase. Then they asked if we knew how much money we can withdraw from the bank in a month, and how much we can receive from buying savings insurance in a year. Then they showed us a profit table, saying that if we deposit a certain amount of money in OpixTech, we can withdraw a certain amount of money every month. According to their plan, the fastest plan (with the highest amount) can recover the principal in half a year. They also said that we can become brokers and earn money by inviting friends. At first, I wasn't deceived and just thought the event was not bad, but I was still afraid and didn't dare to deposit money. But later, that friend kept brainwashing me and even sent me photos of stacks of cash, which is how I was deceived into joining! In the beginning, I saw on the website that the amount was indeed increasing as promised, but when I wanted to withdraw, they said that KYC is required for overseas transactions, so it would be slower. As a result, I couldn't withdraw any money at all. Later, they said that OpixTech and IFA reached a cooperation and signed some agreement in Korea to integrate together. But I have to deposit money in IFA in order to withdraw the money from OpixTech before. As a result, I deposited money again, and now I can't withdraw any money. I don't know what to do.

2024-11-19 18:27
    IFA · Company summary
    IFABasic Information
    Company NameIFA
    Founded2023
    HeadquartersMalaysia
    RegulationsRegulated by Labuan FSA
    Products and ServicesForex instruments, spot metals, commodities
    Trading PlatformMetaTrader 5 (MT5)
    Customer SupportPhone: 608 759 3828; Email: account@internationalfinanceasia.com
    Restricted AreasBelgium, Iran, North Korea, and the USA

    Overview of IFA

    Founded in 2023 and headquartered in Malaysia, International Finance Asia (IFA) is a brokerage firm regulated by ASIC and Labuan FSA. Offering a wide range of financial products including forex, metals, and commodities through the MT5 platform, IFA provides an efficient trading experience with support available via email and phone.

    Overview of IFA

    Is IFA Legit?

    The International Financial Alliance (IFA) operates under regulatory oversight from two authorities, the Australia Securities & Investment Commission (ASIC) and the Labuan Financial Services Authority (Labuan FSA).

    In Australia, IFA functions as an Appointed Representative (AR)and falls under the supervision of ASIC, holding license number 001305580. H however, the current regulatory status is revoked.

    Meanwhile, in Labuan, Malaysia, IFA is licensed by the Labuan FSA under the classification of Financial Service, with license number SL/18/0009. These regulatory statuses signify that IFA adheres to the regulatory frameworks and standards established by ASIC and Labuan FSA, respectively.

    Is IFA Legit?
    Is IFA Legit?

    Pros and Cons

    International Finance Asia (IFA) offers a compelling array of advantages, notably its regulation by reputable authorities such as ASIC and Labuan FSA, ensuring a secure trading environment for clients. Moreover, the platform boasts a diverse range of trading products and services, catering to the needs of various traders. The user-friendly MetaTrader 5 (MT5) trading platform further enhances the trading experience with its intuitive interface and advanced features. However, there are some drawbacks to consider, including the limited trading options compared to some competitors, as IFA does not offer CFDs, indexes, stocks, or ETFs. Additionally, the platform lacks comprehensive educational resources and research tools, while its customer support channels are limited to email and phone, potentially hindering immediate assistance for clients.

    ProsCons
    • Regulated by Labuan FSA
    • Limited trading options
    • Diverse range of trading products and services
    • Lack of educational resources or research tools
    • User-friendly MetaTrader 5 (MT5) trading platform
    • Limited customer support channels (only email and phone)

    Products and Services

    1. FX Instruments: IFA provides liquidity for forex instruments, offering streaming prices and continuous trading functionality. Trading sessions for FX instruments run from Sunday at 17:10 ET to Friday at 16:55 ET, with a daily system reset occurring between these times.

    Products and Services

    2. Spot Metals: Traders can engage in spot metal trading with IFA, which operates from 18:05 ET on Sunday to 16:55 ET on Friday. There is a daily break in pricing from 16:55 ET to 18:05 ET, providing traders with clear windows for trading activities.

    Spot Metals:

    3. Commodities (Energy and Oil): IFA facilitates trading in energy and oil commodities, including WTI, natural gas, and Brent crude oil. Trading hours for these instruments are clearly defined, with specific start and end times for trading sessions, as well as scheduled breaks in pricing to ensure clarity and consistency.

    Commodities (Energy and Oil)
    BrokerForexMetalsCryptoCFDIndexesStocksETFs
    IFAYesYesYesNoNoNoNo
    AMarketsYesYesNoYesYesYesNo
    TickmillYesYesYesYesYesYesNo
    EXNESS GroupYesYesYesYesYesYesNo

    How to Open an Account?

    Opening an account with International Finance Asia (IFA) is a straightforward process designed to provide clients with quick and convenient access to global financial markets. To get started, prospective clients can reach out to IFA's dedicated team of technical experts via email at account@internationalfinanceasia.com. The team is available 24 hours a day, six days a week, ensuring that clients receive timely and efficient support whenever they need assistance.

    How to Open an Account

    Trading Platforms

    IFA provides its clients with the MetaTrader 5 (MT5) platform, enabling access to a broad spectrum of financial markets including forex, stocks, and cryptocurrencies. MT5 stands out for its advanced features, user-friendly interface, and analytical tools, catering to both new and seasoned traders. It supports various order types and automated trading via Expert Advisors, offering flexibility across devices for on-the-go trading.

    MetaTrader 5 (MT5)

    Customer Support

    IFA prioritizes robust customer support, accessible 24/6 via email at account@internationalfinanceasia.com, phone at +608 759 3828, and a physical address, ensuring swift and knowledgeable assistance with account management, trading platforms, and various inquiries.

    Customer Support

    Restricted Areas

    IFA's services are not available to residents of certain countries, including Belgium, Iran, NorthKorea, and theUSA, with the company reserving the right to modify this list at its discretion.

    Restricted Areas

    Conclusion

    In conclusion, International Finance Asia (IFA) presents itself as a regulated and reliable platform, offering a diverse range of trading products and services along with a user-friendly MetaTrader 5 (MT5) trading platform. However, potential drawbacks include the limited trading options compared to some competitors and the absence of extensive educational resources or research tools. Additionally, the customer support channels are restricted to email and phone, which may pose challenges for clients seeking immediate assistance.

    FAQs

    Is IFA regulated?

    Yes, IFA is regulated by Labuan FSA, ensuring compliance with established financial regulations.

    What trading products and services does IFA offer?

    IFA provides a diverse range of trading products and services, including forex instruments, spot metals, and commodities like energy and oil.

    Which trading platform does IFA offer?

    IFA offers the MetaTrader 5 (MT5) trading platform, known for its user-friendly interface and advanced features.

    What are the customer support options available at IFA?

    Clients can reach out to IFA's support team via email and phone for assistance with their trading inquiries and account-related matters.

    Risk Warning

    Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities.

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    User comment

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    识见
    0-3months
    1/28号我转入聚宝盆支付商提供的帐户1000万日圆准备要换取Usdt要入金IFA,结果聚宝盆收到钱之后一再拖延不给U,直到昨天把我给拉黑
    1/28号我转入聚宝盆支付商提供的帐户1000万日圆准备要换取Usdt要入金IFA,结果聚宝盆收到钱之后一再拖延不给U,直到昨天把我给拉黑
    Translate to English
    2025-02-01 14:26
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    FX4069766143
    0-3months
    9월달 부터 kyc 인증 핑계로 출금을 해주지 않고 있습니다. 지금 IFA회사 상태가 어떤지 알고 싶습니다.
    9월달 부터 kyc 인증 핑계로 출금을 해주지 않고 있습니다. 지금 IFA회사 상태가 어떤지 알고 싶습니다.
    Translate to English
    2025-01-02 19:43
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