Score

1.48 /10
Danger

IAL

Switzerland

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 3

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.75

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

IAL Group

Company Abbreviation

IAL

Platform registered country and region

Switzerland

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-11-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
IAL · Company summary

Note: Since IALs official site (http://ryanmbarron.com/) is unavailable while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

IAL, a trading name of IAL Group, is allegedly a suspicious regulated forex broker registered in Switzerland that claims to provide its clients with some tradable assets with leverage up to 1:400 and tight spreads from 0.7 pips on the industry-standard MetaTrader5 trading platform.

Market Instruments

IAL advertises that it mainly offers three different asset classes in financial markets, including forex, stocks and commodities.

Leverage

A leverage ratio of up to 1:400 is offered by IAL, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads

IAL claims that the typical EUR/US spread is 0.7 pips on the Standard account type.

Trading Platform Available

The platform available for trading at IAL is the worlds most widely-used MewtaTrader5 platform. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

IAL appears to accept deposits and withdrawals via bank transfers only. The minimum initial deposit requirement is said to be $100.

Customer Support

IAL‘s customer support can be reached by telephone: +41 41 508 76 50, email: support@ial.ltd, info@ial.ltd or live chat. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.

User Reviews

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User comment

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Comments

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陈先生89752
more than one year
As someone who has researched IAL as a potential trading broker, I have come across numerous negative reviews and feedback about their services. Many traders have reported issues with deposits and withdrawals, while others have expressed concerns about the quality of customer support. Based on these findings, I have decided to avoid using IAL as my trading broker.
As someone who has researched IAL as a potential trading broker, I have come across numerous negative reviews and feedback about their services. Many traders have reported issues with deposits and withdrawals, while others have expressed concerns about the quality of customer support. Based on these findings, I have decided to avoid using IAL as my trading broker.
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2023-03-22 12:27
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鲍桐旭@声伯乐科技(天津)
more than one year
IAL indeed is a scam. I suspect that they are Ponzi, because the withdrawal is taking forever, and they are saying that they are processing. I emailed the support and they say there are too many withdrawals at the moment, will have to wait. Which proper FX brokerage needs weeks and months to process a withdrawal? Be careful if you think of wanting to open an account with them.
IAL indeed is a scam. I suspect that they are Ponzi, because the withdrawal is taking forever, and they are saying that they are processing. I emailed the support and they say there are too many withdrawals at the moment, will have to wait. Which proper FX brokerage needs weeks and months to process a withdrawal? Be careful if you think of wanting to open an account with them.
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2023-03-01 14:09
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