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Malaysia
1-2 yearsRegulated in Malaysia
Financial Service
MT5 Full License
Regional Brokers
Australia Appointed Representative(AR) Revoked
High potential risk
Add brokers
Comparison
Quantity 6
Exposure
Score
Regulatory Index3.05
Business Index4.72
Risk Management Index0.00
Software Index8.60
License Index0.00
Single Core
1G
40G
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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
Withdrawals cannot be processed since August 24th .
I started using it at the end of July, took profits for 6 weeks, but starting in September, I couldn't withdraw any funds; it always showed KYC verification, which never got approved. I invested based on a friend's recommendation, who said they trusted this product. My friend had been making stable profits for three months, which is why I decided to invest too. Looking back now, this clearly seems like a Ponzi scheme. The person in charge has been stalling for time, claiming that they are about to launch a new financial product and suggesting that funds cannot be withdrawn here but will be transferred to the new OMA fund product when available.
Withdrawals have been normal for the past year, but on August 12th, suddenly unable to withdraw. They said KYC is required, and KYC has been approved, but the funds still haven't arrived. It has been 3 weeks now.
Since August, they have been refusing to withdraw funds under the pretext of KYC identity verification! If I can't withdraw funds, they are scammers!!!
A lot of problems., Now it just doesn't withdraw money.
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.
IFA | Basic Information |
Company Name | IFA |
Founded | 2023 |
Headquarters | Malaysia |
Regulations | Regulated by Labuan FSA |
Products and Services | Forex instruments, spot metals, commodities |
Trading Platform | MetaTrader 5 (MT5) |
Customer Support | Phone: 608 759 3828; Email: account@internationalfinanceasia.com |
Restricted Areas | Belgium, Iran, North Korea, and the USA |
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.
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.
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.
Pros | Cons |
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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.
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.
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.
Broker | Forex | Metals | Crypto | CFD | Indexes | Stocks | ETFs |
IFA | Yes | Yes | Yes | No | No | No | No |
AMarkets | Yes | Yes | No | Yes | Yes | Yes | No |
Tickmill | Yes | Yes | Yes | Yes | Yes | Yes | No |
EXNESS Group | Yes | Yes | Yes | Yes | Yes | Yes | No |
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.
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.
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.
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.
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.
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.
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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