International Forex Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-08-05 18:41

Abstract：Registered in the United Kingdom, International Forex is an online trading platform, offering multiple market instruments like currency pairs, spot and forward contracts, futures, options, CFDs, ETFs, and forex indices through the MT5 trading platform without regulatory oversight.

　　Note: International Forex's official website: https://www.internationalforex.vip/ is currently inaccessible normally.

General Information

International Forex Review Summary
Registered Country/Region	United Kingdom
Regulation	Suspicious Clone NFA License
Market Instruments	Currency pairs, Spot and forward contracts, Futures, Options, CFDs, ETFs, Forex indices
Trading Platforms	MT5
Customer Support	Tel: +1 (318)491-8005; Email: support@international-forex.com

International Forex Information

　　Registered in the United Kingdom, International Forex is an online trading platform, offering multiple market instruments like currency pairs, spot and forward contracts, futures, options, CFDs, ETFs, and forex indices through the MT5 trading platform without regulatory oversight.

Is International Forex Legit？

Logo	National Futures Association (NFA)
Current Status	Suspicious Clone
Regulated by	United State
License Type	Common Financial Service License
License No.	0538805
Licensed Institution	INTERNATIONAL FOREX GLOBAL LIMITED

　　Despite lnternational Forex claims to be regulated by NFA, international Forex's license is a suspicious clone. Bycontrast, regulated brokers usually comply with industry standards to protect clients' investment.

Downsides of International Forex

Unavailable Website

　　Wealth Global's official website is currently unfunctional. We are not informed of their trading conditions and trading platforms.

Lack of Transparency

　　We can not find any further information about international Forex. The lack of leverage information for a broker can undermine financial stability, transparency, and trust.

Regulatory Concerns

　　International Forex claims to be regulated by NFA, but its license is suspected to be a fake clone.

Negative International Forex Review

　　On WikiFX, “Exposure” is posted as a word of mouth received from users.

　　Traders must review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

　　As of now, there are 95 pieces of negative exposure in the total 97 reviews. I will introduce 2 of them.

　　Exposure 1. Forex Scheme

Classification	Unable to Withdraw
Date	2024-03-17
Post Country	Taiwan, China

　　The user said he couldn't get his money back after investing in this platform. Then he later realized it was a forex Ponzi scheme. Check out this review in the link: https://www.wikifx.com/en/comments/detail/202403173152360903.html

　　Exposure 2. Unable to Withdraw

Classification	Unable to Withdraw
Date	2022-06-06
Post Country	Taiwan, China

　　The user said he had not been able to withdraw money and was told to pay a large fee to withdraw money. Check out this review in the link: https://www.wikifx.com/en/comments/detail/202206063782391833.html

Conclusion

　　Operating trading on International Forex is not recommended since its lack of regulation, unfunctional website, and a substantial amount of reported withdrawal issues. Traders are encouraged to trade with platforms with regulation and more transparent trading conditions.