iForex24 is an offshore-based Forex and CFD brokerage firm that operates since 2017. It offers various financial products for trading. The broker provides two popular trading platforms MT4 and Sirix. The minimum deposit is $200 and has a leverage ratio of 1:200.
Is iForex24 Regulated?
iForex24 is an unregulated platform allegedly based in the Marshall Islands. It does not mention any affiliation with any reputed financial authority. Hence, the entity seems to operate without proper validations.
Is Investing With iForex24 Safe?
iForex24 has an extremely low reputation in the market. It has failed to win the trust of investors. Moreover, being an offshore entity and too without any regulations creates insecurity among investors. Hence, it is better to avoid such a dubious entity for any sort of investment.
What To Do In Case You Are Scammed By iForex24?
As per available information, iForex24 has some major red flags in the market. It has received a warning from several jurisdictions such as FMA, CONSOB, and FCA. In case, if you feel scammed by iForex24, contact us. We will make sure you get back your funds.