Abstract:Registered in New Zealand, ITFX claims to be a forex broker providing a series of forex and CFD trading instruments. However, since this broker’s official website cannot be accessed, we were unable to obtain more essential information, including minimum deposit, trading assets, spreads, commissions, and more. Risk warning: This ITFX is suspected fake one, and it has been verified that this broker is not authorized or regulated by any regulatory authority. Please be aware of the risk.
Since ITFXs official website cannot be opened for now, we could only piece together the rough picture of this brokerage through gathering some relevant information from other websites.
Basic | Information |
Registered Countries | New Zealand |
Regulation | No License |
Minimum Deposit | N/A |
Maximum Leverage | N/A |
Trading Platform | MT4 trading platform |
Trading Assets | N/A |
Payment Methods | N/A |
Customer Support | Phone, Email not available |
General Information
Registered in New Zealand, ITFX claims to be a forex broker providing a series of forex and CFD trading instruments. However, since this brokers official website cannot be accessed, we were unable to obtain more essential information, including minimum deposit, trading assets, spreads, commissions, and more.
Risk warning: This ITFX is suspected fake one, and it has been verified that this broker is not authorized or regulated by any regulatory authority. Please be aware of the risk.
Leverage
Trading leverage is not mentioned anywhere, and here is the leverage rule set by most regulators: the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
Trading Platform
ITFX seems to provide clients the industry-leading MT4 or MT5 trading platform. Although this is a favorable offering, clients should bear in mind that this broker is an unregulated one, and tradin with it is a surefire way to lose all your money.
Customer Support
Clients who have any trading-related issues can get in touch with this broker through calling it at 4000005556, or dropping an email through service@intechtrading.com.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
Pros | Cons |
Three types of trading accounts available | No regulation |
Acceptable minimum deposits | Both commissions and spreads charged |
MT4 supported | Poor customer support |
Demo account | No clear information about payment methods |
Clone broker |
Frequently Asked Questions
Is ITFX regulated?
No, ITFX is not regulated anyway.
What items can I trade with on ITFX?
Since ITFXs official website cannot be opened, we were unable to obtain what trading instruments it provides.
What trading platform does ITFX provide?
It seems that ITFX provide the industry-leading MT4 trading platform.
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