IDFPOWER -Overview of Minimum Deposit, Leverage, Spreads

Risk Warning: Please note this IDFPOWER is a clone forex broker under no valid regulation. The number of the complaints received by WikiFX have reached 8 for this broker in the past three month. Please be aware of the risk and the potential scam.

General Information

IDFPOWER is a newly-established forex broker registered in the United Kingdom, offering clients access to a series of more than 120 trading instruments, such as Foreign Exchange, Precious Metals, Energy, Index, and Stocks. Traders can use the maximum trading leverage up to 1:400, and this broker says it offers 24 x 7 customer support.

Market Instruments

IDFPOWER claims to provides clients with access to various popular and mainstream financial markets. Six classes of trading assets, including Foreign Exchange, Precious Metals, Energy, Index, and Stocks are all available through this brokerage platform.

How to open an account with IDFPOWER？

Both live and demo account can be opened easily with the IDFPOWER platform. A demo account is here for beginners to get a feel of this platform and practice their trading skills. To open a live account, a few steps are listed below:

1. Click on the “Open an account” link on the homepage of the IDFPOWER website.

2. Fill in some required details and upload your personal document for verification.

3. After approval, your account will be registered successfully.

4. Fund your account and start to trade on this platform.

Spreads & Commissions

IDFPOWER hypes that it offers extremely competitive spreads, from 0 pips. Obviously, it is a typically tactic employed by illegal forex broker to attract more investors.

Leverage

When it comes to leverage, IDFPOWER permits traders to use leverage of up to 1:400, which is significantly higher than the levels regarded appropriate by many regulators.

Bear in mind that high leverage is not always the good thing, as it can magnify gains as well as losses.

Trading Platform

What IDFPOWER offers is not the industry-leading MT4 or MT5 trading platform.

Customer Support

Traders with any inquiries or trading-related issues can only reach out IDFPOWER through the following email: support@idfpower.com

Registered Company Address: Unit G1, Capital House 61 Amhurst Road, London, E8 1LL, United Kingdom.

Restricted Regions

IDFPOWER does not provide services to residents of certain countries, including but not limited to the United States, Iran, and the Democratic People's Republic of Korea.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.