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IAL Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-03-28 15:45

Abstract:IAL is an online trading platform based in Switzerland and provides traders with the opportunity to trade various financial instruments including Forex, stocks, commodities. However, it presents certain challenges for interested customers trying to gauge its trustworthiness and regulatory status. This is mainly due to the unavailability of its website and unregulated status which raises substantial concerns about its legitimacy.

  Note: IAL official site - https://www.ial.ltd/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

IAL Review Summary in 10 Points
Registered Country/Region Switzerland
Founded Year 2018
Regulation Unregulated
Market Instruments Forex, stocks, commodities
Demo Account Available
Leverage Up to 1:400
EUR/USD Spread 0.7 pips from standard account
Minimum Deposit USD 100
Trading Platform MT5
Customer Support E-mail, phone, online chat, address

What is IAL?

IAL

  IAL is an online trading platform based in Switzerland and provides traders with the opportunity to trade various financial instruments including Forex, stocks, commodities. However, it presents certain challenges for interested customers trying to gauge its trustworthiness and regulatory status. This is mainly due to the unavailability of its website and unregulated status which raises substantial concerns about its legitimacy.

  In this article, we will conduct a thorough evaluation of IAL, examining different aspects of its services. We highly encourage you to read this article in its entirety for a comprehensive understanding. We conclude the review with a concise summary that encapsulates the platform's main features for easy reference.

Pros & Cons

Pros Cons
• Diverse range of market instruments • Unregulated
• MT5 trading platform • Website inaccessible
• Demo account • Limited payment methods
• Acceptable minimum deposit • Large amount of negative customer reviews

Pros:

  - Diverse range of market instruments: IAL offers a comprehensive selection of market instruments including forex, stocks, and commodities, providing traders with ample opportunities to diversify their portfolios and capitalize on various market movements.

  - MT5 trading platform: With access to MetaTrader 5, traders can benefit from advanced charting features, extensive technical analysis tools, and automated trading capabilities, enhancing their trading experience and enabling them to execute their strategies effectively.

  - Demo account: IAL provides a demo account for traders to practice and familiarize themselves with the platform and market conditions without risking real capital, allowing them to refine their trading skills and strategies before transitioning to live trading.

  - Acceptable minimum deposit: The minimum deposit requirement for opening an account with IAL is USD100, making it accessible to traders with varying levels of capital.

Cons:

  - Unregulated: IAL operates without regulatory oversight, which exposes traders to increased risks such as lack of investor protection and transparency.

  - Website inaccessible: The website's inaccessibility could hinder traders from accessing essential information, updates, and support services, impacting their overall trading experience.

  - Limited payment methods: IAL offers only a limited selection of payment methods by bank transfer, inconveniencing traders who prefer alternative or more diverse options for depositing and withdrawing funds.

  - Large amount of negative customer reviews:15 negative reviews regarding scam, fraud, withdrawal issues and suspicion of ponzi scheme on WikiFX indicate the broker's issues with customer satisfaction, service quality, or reliability, raising concerns about the overall trustworthiness and reputation of the brokerage.

Is IAL Safe or Scam?

  When considering the safety of a brokerage like IAL or any other platform, it's important to conduct thorough research and consider various factors.

  •   Regulatory sight: Currently, the broker operates without any valid regulations from any authorities, leading to doubts about its authenticity and reliability. The credibility of the broker is further undermined due to the continuous unavailability of its website.

  •   User feedback: There are 15 exposures filed on WikiFX regarding withdrawal issues, fraud, scam and suspicion of ponzi, which should be taken into consideration as warning signals for traders. We recommend you to do thorough research before engaging with any broker or investment platform especially this one.

  •   Security measures: Currently, there is no publicly available information regarding the security measures implemented by this broker.

  In the end, the choice to trade with IAL is a personal one, requiring a thorough assessment of the advantages and disadvantages before making a final decision.

Market Instruments

  IAL offers a comprehensive array of market instruments spanning forex, stocks, and commodities.

  In the realm of forex trading, IAL provides access to a wide range of currency pairs, enabling investors to capitalize on fluctuations in global exchange rates such as major pairs like EUR/USD or exotic pairs such as USD/TRY.

  Moreover, IAL's stock trading platform grants investors the opportunity to engage with a diverse selection of equities across various sectors and exchanges worldwide. From tech giants like Apple and Google to emerging market stocks, the platform satisfies investors of different risk appetites and preferences.

  Additionally, IAL empowers traders to participate in the dynamic commodities market, offering contracts for precious metals, energy resources, agricultural products, and more. Whether hedging against inflation with gold or speculating on oil price movements, clients have chances to profit from commodity trading.

Accounts

  IAL offers a user-friendly demo account for individuals seeking to practice trading without risking real capital. This invaluable tool allows traders to familiarize themselves with the platform's features, test different strategies, and gain confidence in their trading abilities—all in a simulated market environment.

  While specific details about account types are not disclosed, IAL does provide a standard account option with a minimum deposit requirement of USD 100. With such a relatively affordable entry level, the standard account is suitable for both novice traders looking to start small and experienced traders seeking a straightforward trading experience.

Leverage

  IAL offers leverage of up to 1:400, providing traders with the opportunity to amplify their positions in the market. With this level of leverage, traders can potentially increase their buying power significantly, allowing for larger position sizes with a relatively smaller initial investment.

  However, while leverage can magnify profits, it also amplifies potential losses, thus you should implement risk management and be careful when using leverage.

Spreads & Commissions

  In IAL's standard account, traders can benefit from competitive spreads on major currency pairs like EUR/USD, with a spread as low as 0.7 pips. This narrow spread minimizes the cost of entering and exiting positions, making it attractive for traders seeking to capitalize on small price movements in the forex market.

  While commission information is not available, interested traders should reach the broker directly to get full understanding of their cost structure for informed decisions when trading.

Trading Platforms

MT5

  IAL offers its traders access to MetaTrader 5 (MT5), one of the most renowned trading platforms in the industry, complemented by a mobile app version for on-the-go trading.

  MT5's reputation is built upon its user-friendly interface, advanced charting features, and an extensive suite of technical analysis tools, catering to traders of all skill levels. Renowned for its highly customizable interface, MT5 allows traders to tailor the platform to their preferences, enhancing their trading experience.

  Moreover, MT5's automated trading capabilities enable traders to implement trading strategies seamlessly, while its compatibility with various devices ensures accessibility and convenience.

Deposits & Withdrawals

bank transfer

  IAL offers bank transfer as its sole funding method. This secure and widely-used payment option allows traders to fund their accounts easily by transferring funds directly from their bank accounts to their trading accounts with IAL. While bank transfer provides a familiar and trusted means of transferring funds, the scarcity of payment methods might deter users who prefer payment through other channels.

User Exposure on WikiFX

  On our website, you can see that there are 15 reports regarding scam, fraud, withdrawal issues and suspection of ponzi scheme, which should be alrming red flags and raise your great attention. Traders are encouraged to carefully review the available information. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section. We would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

  IAL's customer support can be accessed through email, phone, online chat and physical address. These avenues provide users with different options to reach out for assistance, inquiries, or to address any concerns they may have.

  Email: info@ial.ltd.

  Tel: +41 41 508 76 50

  Headquarters: Handelsregister-und Konkursamt des Kantons 6300 Zug.

Conclusion

  In summary, IAL, a Switzerland-based broker, offers a forex, stocks and commodities as market instruments to traders. However, concerns arise due to factors like an inaccessible website and unregulated status, which underscore the need for more transparency and reliability. What makes the situation worse are 15 exposures regarding scam, fraud, withdrawal issues and suspicion of ponzi scheme on WikiFX.

  As such, if you are considering IAL, it's wise to approach cautiously, start with smaller investments, conduct prudent risk management and explore other platforms with clear regulatory compliance and better customer feedback.

Frequently Asked Questions (FAQs)

Q 1: Is IAL regulated?
A 1: No. It has been verified that this broker currently operates with no valid regulation.
Q 2: Is IAL a good choice for beginners?
A 2: It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its unavailable website and 15 exposures regarding scam, fraud, withdrawal issues and suspicion of ponzi scheme on WikiFX.
Q 3: Whats the minimum deposit does IAL require?
A 3: IAL requires a minimum deposit of $100.
Q 4: Does IAL provide industry leading MT4/5?
A 4: Yes, the broker offers MT5 trading platform to clients.
Q 5: Does IAL provide demo accounts?
A 5: Yes.

Risk Warning

  Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

  In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Related broker

No Regulation
IAL
Company name:IAL Ltd
Score
1.54
Website:https://www.ial.ltd/
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.54

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