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.
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 |
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.
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.
Wealth Global's official website is currently unfunctional. We are not informed of their trading conditions and trading platforms.
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.
International Forex claims to be regulated by NFA, but its license is suspected to be a fake clone.
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
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.
Trade Nifty 50 Index Futures with Interactive Brokers. Access India’s top 50 firms, diversify portfolios, and manage risk on a powerful trading platform.
Trade345, a young South African broker, has gained some regional popularity, but lacks an established reputation. Trade245 offers access to FX pairs, indices, stocks and commodities CFDs with operation on both MetaTrader 4 and MetaTrader 5. Although this broker only asks for a modest minimum deposit, it does not shine on trading costs. Besides, this broker heavily relies on bonuses to attract new investors and it does not provide trading signals.
Admirals restarts EU client onboarding after a 2024 pause, enhancing compliance with CySEC regulations while aiming to boost its forex and CFD market presence.
Pocket Option is considered a beginner-friendly trading platform, providing access to over 100 CFD instruments. Though not in an extensive range, 12 currency pairs, 10 cryptocurrencies, and stock indices are enough for focused and efficient trading. Particularly, forex trading starts at $10, perfectly fit for beginners' trading styles. Besides, Pocket Option provides a free demo account with virtual funds of $50,000 to give users risk-free practice. Though Pocket Option introduces commission-free option trading, they are less competitive in trading costs for other instruments.