Home -

Main body -

WikiFX Express

EC Markets

IdolFX

IdolFX | 2022-12-23 17:55

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
• MT5 supported	• 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.

Broker Currency Pair Dealer Forex trading Forex Broker Forex Currency pair forex market MT5

Related broker

Website：https://www.idolfx28.com/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.44

RM5.9M Lost to "Davidson Kempner Capital Management" Facebook Scam

A private contractor in Malaysia faced a devastating loss of over RM5.9 million after falling victim to a fraudulent investment scheme promoted on Facebook. Tempted by the scheme’s impressive claims and credentials, the victim began investing in September 2024. The investment process required him to download an application called A-Trade, which was readily available on the Apple Store.

Original 2025-01-09 18:13

This Economic Indicator Sparks Speculation of a Japan Rate Hike!

The latest data shows that Japan’s base wages in November rose by 2.7% year-on-year, marking the largest increase in 32 years, fueling speculation about a potential BOJ rate hike, but Governor Kazuo Ueda’s dovish remarks in December have shifted market expectations toward a potential delay in policy adjustments.

Original 2025-01-09 17:05

Challenge Yourself: Transform from Novice to Expert

From a forex novice to a trading expert, all it takes is this one opportunity! Join us for the Forex Beginner's Advancement Journey challenge and unlock your potential! Here, if you're a beginner, participating in the event and posting on selected topics will not only deepen your understanding of forex basics and help you advance but also earn you a Learning Encouragement Award. For those with some experience in forex, discussing insights under the event topics will allow you to exchange experiences and share techniques with like-minded peers, while also having the chance to win a Perspective Sharing Award! Come challenge yourself and break through the limits of forex trading together!

Original 2025-01-09 16:37

Big News! UK 30-Year Bond Yields Soar to 25-Year High!

Following the successful auction of 30-year government bonds by the UK, the yield on 30-year bonds surged, reaching its highest level in 25 years. This increase reflects growing concerns in the market over the government's fiscal policies and large-scale debt issuance.

Original 2025-01-08 21:00