IdolFX
Abstract：IdolFX is allegedly a forex broker registered in the United Kingdom.
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 contained in this article is for general information purposes only.
General Information & Regulation
IdolFX is allegedly a forex broker registered in the United Kingdom.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc. Note that the broker says it offers the worlds leading MetaTrader5 trading platform.
As for regulation, it has been verified that IdolFX currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.59/10. Please be aware of the risk.
Market Instruments
IdolFX advertises that it is a forex broker that mainly offers forex trading.
Trading Platform Available
The platform available for trading at IdolFX is one of the most notable and preferred trading platforms the market offers - MetaTrader5. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Customer Support
IdolFX‘s customer support can be reached by telephone: +44 7786583616, email: support@idolforex.com. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.
Pros & Cons
| Pros | Cons |
| • MT5 supported | • No regulation |
| • Website inaccessible |
Frequently Asked Questions (FAQs)
| Q 1: | Is IdolFX regulated？ |
| A 1: | No. It has been verified that IdolFX currently has no valid regulation. |
| Q 2: | Does IdolFX offer the industry-standard MT4 & MT5？ |
| A 2: | No. Instead, IdolFX offers the MT5 trading platform. |
| Q 3: | Is IdolFX a good broker for beginners？ |
| A 3: | No. IdolFX is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website. |
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