Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

IFFX

New Zealand|5-10 years|
White label MT4|Regional Brokers|Suspicious Overrun|High potential risk|

http://www.ififx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
PRC-Demo MT4
Server Location Japan

Contact

18039504903
kefu@iffx.com
http://www.ififx.com/
6 Ryeland Avenue Wakefield Wakefield 7025

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Chinese (Simplified)

18039504903

Other ways of contact

Broker Information

More

Company Name

ICONIC FINANCIAL LIMITED

Abbreviation

IFFX

Platform registered country and region

New Zealand

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-07-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The New ZealandFSPR regulation (license number: 177724) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

IFFX · WikiFX Survey

Users who viewed IFFX also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

ATFX

8.50
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

VT Markets

8.59
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

GTC

8.11
Score
10-15 yearsRegulated in United KingdomStraight Through Processing(STP)MT4 Full License
Official website

IFFX · Company Summary

Aspect Information
Company Name IFFX
Registered Country/Area New Zealand
Founded Year 5-10 years
Regulation Regulated by FSPR (Suspicious Clone)
Minimum Deposit RM5,000
Tradable Assets Managed forex and cryptocurrency trading
Account Types Basic account
Demo Account Not available
Customer Support Available 24/7 via Email (admin@iffx.my) and Telegram (+60 11-1688 7731)
Deposit & Withdrawal Deposits reflected within 0-24 hours on working days, instant withdrawals available
Educational Resources N/A

Overview of IFFX

IFFX, a trading platform based in New Zealand, has been operating for approximately 5-10 years. It is regulated by the Financial Service Providers Register (FSPR), albeit with a designation of “Suspicious Clone.” The platform requires a minimum deposit of RM5,000 and offers managed forex and cryptocurrency trading under a basic account type. Unfortunately, a demo account is not available.

Customer support is accessible 24/7 via email (admin@iffx.my) and Telegram (+60 11-1688 7731), ensuring assistance is readily available. Deposits are typically reflected within 0-24 hours on working days, with instant withdrawals also offered. However, educational resources are not provided by the platform.

Overview of IFFX

Pros and Cons

Pros Cons
Offers managed forex and cryptocurrency trading. Regulatory status flagged as “Suspicious Clone”
24/7 customer support via email and Telegram. Lack of educational resources for traders.
Allows instant withdrawals for user convenience. No demo account available for practice trading.
Deposits reflected within 0-24 hours on working days. Limited account types, potentially restricting user options.

Pros:

  1. Offers managed forex and cryptocurrency trading: IFFX provides users with the opportunity to engage in managed trading activities across both the forex and cryptocurrency markets. This allows users to diversify their investment portfolios and potentially capitalize on opportunities in different asset classes.

  2. 24/7 customer support via email and Telegram: IFFX ensures that users have access to customer support round the clock. This accessibility to assistance via email and Telegram enables users to seek help or resolve issues promptly, enhancing their overall experience with the platform.

  3. Allows instant withdrawals for user convenience: One of the key benefits of IFFX is its policy of facilitating instant withdrawals. This feature grants users the flexibility to access their funds quickly and conveniently, improving liquidity and enabling timely financial management.

  4. Deposits reflected within 0-24 hours on working days: IFFX strives to provide efficient deposit processing, with deposits typically being reflected in users' accounts within 0-24 hours on working days. This prompt processing helps users to quickly initiate their investment activities without unnecessary delays.

Cons:

  1. Regulatory status flagged as “Suspicious Clone”: Despite being regulated by the Financial Service Providers Register (FSPR), IFFX's regulatory status is flagged as a “Suspicious Clone.” This designation raises concerns about the platform's legitimacy and compliance with regulatory standards, potentially undermining user trust and confidence.

  2. Lack of educational resources for traders: IFFX falls short in providing educational resources for traders. The absence of educational materials, such as tutorials, webinars, or market analysis, hinder users' ability to acquire knowledge and improve their trading skills, limiting their potential for success.

  3. No demo account available for practice trading: IFFX does not offer a demo account option for users to practice trading with virtual funds. This omission deprives users of the opportunity to familiarize themselves with the platform's features and test their trading strategies in a risk-free environment before committing real capital.

  4. Limited account types, potentially restricting user options: The platform offers only a limited range of account types, which restrict users' options and flexibility in tailoring their trading experience to their individual preferences and requirements. This limitation could deter potential users seeking more diverse account options.

Regulatory Status

IFFX operates under the regulatory oversight of New Zealand, holding a Financial Service Corporate license (License No.: 177724). It is listed on the Financial Service Providers Register, indicating its compliance with the regulatory standards set forth by New Zealand authorities.

However, it's important to note that its current status is flagged as a “Suspicious Clone.” This designation suggest further investigation should be warranted to ensure compliance and legitimacy.

Regulatory Status

Market Instruments

IFFX is a platform that offers managed forex and crypto trading services. IFFX takes your money and uses it to trade in the foreign exchange (forex) market and the cryptocurrency market. And the promise monthly profits between 5% and 20% deposited directly into your bank account.

Market Instruments

AFFILIATE PROGRAM

IFFX also offers an affiliate program where you can earn money by promoting their platform. If someone signs up for their service through your unique affiliate link, you'll get a 5% commission on their first investment. You can promote IFFX through various methods like testimonial videos, social media posts, or forum advertising. Once your referral invests, your commission becomes available immediately.

AFFILIATE PROGRAM

How to Open an Account?

Here's a step-by-step guide on how to open an account with IFFX:

  1. Navigate to the IFFX Website: Open your web browser and go to the official IFFX website (https://iffx.my/#about).

  2. Locate the Registration Section: Look for the “Sign Up” button on the homepage.

How to Open an Account?
  1. Fill in Personal Information: Enter your Name, Username, Email, and Phone Number in the designated fields. Make sure to provide accurate information.

  2. Choose a Password and Confirm the Password: Create a secure password for your account. And re-enter the password you've chosen to confirm it matches the one you entered previously.

  3. Click “Register”: Once you've filled out the form and agreed to any terms, click the button labeled “Register”.

How to Open an Account?

Invest with IFFX to unlock passive income effortlessly, as your investments automatically generate monthly returns. Enjoy the flexibility of instant withdrawals, ensuring you can access your profits promptly each month.

Additionally, after six months of investment, you have the option to withdraw your principal or reinvest with IFFX. Deposits typically reflect in your wallet within 0-24 hours on working days, while the minimum investment amount required is RM5,000.

Deposit & Withdrawal

Customer Support

Investing with IFFX initiates automatic monthly passive income generation, providing users with a steady stream of earnings. Furthermore, users enjoy the convenience of instant withdrawals, with profits accessible for withdrawal at any time. IFFX ensures processing, enabling users to swiftly access their funds whenever needed, enhancing overall investment flexibility and user experience.

Customer Support

Conclusion

In conclusion, while IFFX offers several advantages such as managed forex and cryptocurrency trading, 24/7 customer support, instant withdrawals, and efficient deposit processing, it is not without its drawbacks. The platform's regulatory status being flagged as a “Suspicious Clone” raises concerns about its legitimacy and compliance.

Additionally, the lack of educational resources, absence of a demo account for practice trading, and limited account types hinder users' trading experience and limit their potential for success.

FAQs

Question: What types of trading does IFFX offer?

Answer: IFFX provides opportunities for trading in managed forex and cryptocurrency markets, allowing users to diversify their investment portfolios.

Question: How can I contact IFFX for support?

Answer: For assistance, users can reach out to IFFX's customer support team through email at admin@iffx.my or via Telegram at +60 11-1688 7731, ensuring assistance is readily available 24/7.

Question: Is there a minimum deposit requirement to start trading with IFFX?

Answer: Yes, to commence trading with IFFX, a minimum deposit of RM5,000 is required.

Question: Can I withdraw my profits from IFFX instantly?

Answer: Yes, IFFX allows for instant withdrawals, ensuring users can access their profits promptly and conveniently.

Question: Does IFFX provide educational resources for traders?

Answer: Unfortunately, IFFX does not offer educational resources for traders, potentially limiting users' ability to acquire knowledge and improve their trading skills.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

3

Comments

Write a review

FX1472334392
more than one year
Not easy access to cash in and out: IFFX offers relatively few options for cash in and out compared to other dealers. Platform stability needs to be improved: Sometimes it crashes or gets stuck and needs to be improved. Overall, IFFX needs to improve a lot, including reducing transaction fees, improving the ease of deposit and deposit, and optimizing the stability of the trading platform.
2023-03-30 17:10
Reply
0
0
FX1472334392
more than one year
Trading at IFFX for a while, I'm not satisfied with them. Advantages: A variety of trading products: IFFX provides a variety of trading products such as forex, commodities and indexes to meet the needs of different investors. Disadvantages: Bad regulatory situation: The only FSPR regulatory license is also suspected of cloning. High trading fees: Fees can be costly for investors who trade frequently.
2023-03-30 17:09
Reply
0
0
太阳30545
more than one year
IFFX is a thief broker. When you win a lot of money, this broker will block your account and delete your money. They will say nothing and not return your money.
2022-12-19 17:09
Reply
0
0
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong China

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com