How genuine is iforex online trading

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Liquidation of profits in the Foreign Exchange market is easily the swiftest in the whole world. That is the reason why many fraudulent companies wish to take advantage of the possibilities of fast and easy wealth. However, Forex trading, particularly by iforex, is a legitimate enterprise.

Yes, it is a good thing to be wary of Forex offers, but an investor that is armed with proper knowledge and information will know the difference between a bogus and a real company. This article aims to prove the legitimacy of iforex. It provides verifiable information. The goal of this article is to equip people with factual information.

Question answered: Is iforex a genuine company? Here are some legitimate and verifiable facts about iforex: The official name of its investment firm is Formula Investment House, Ltd. The headquarters of the firm is located in Athens, Greece. The administrative center is found in Limassol, Cyprus. All the specific addresses are found on the iforex website.

To make it clear to everyone and to manage expectation, iforex also provides a disclaimer on its website by saying that it does not manage investment portfolios and does not engage in foreign exchange and investment advice. Readers can research their respective license numbers, as provided on the website. However, the company previously was recently imposed due to several violations.

The fine is a result of an audit conducted by CySEC almost three years ago. Those tools and general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities and more. Is iForex a scam? In addition to that, the internet sources are quite full of the complaints and negative reviews from the traders that engaged in the trading with iFOREX.

However, iForex has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. As per the U. So, except for IQ Option, you are only permitted to trade with the U. S regulated platforms.

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The administrative center is found in Limassol, Cyprus. All the specific addresses are found on the iforex website. To make it clear to everyone and to manage expectation, iforex also provides a disclaimer on its website by saying that it does not manage investment portfolios and does not engage in foreign exchange and investment advice. Readers can research their respective license numbers, as provided on the website. By checking out their websites, we know that these companies that we mentioned are also authorized and licensed by certain regulatory bodies.

Plus is a public company that is traded as Plus in the London Stock Exchange. However, the company has been in operation since Aside from its British operating license under the Financial Conduct Authority, it also has a licensed subsidiary in Australia.

FXCM is a company that has been involved in foreign trading since The company is also listed on the New York Stock Exchange since It is also a member of the National Futures Association. It is good to remember that in determining the legitimacy of a company, regulation and registration licenses have to be considered. Decide which investment is best for you.

Request further information below. Is iForex a scam? In addition to that, the internet sources are quite full of the complaints and negative reviews from the traders that engaged in the trading with iFOREX. However, iForex has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. As per the U. So, except for IQ Option, you are only permitted to trade with the U. S regulated platforms. To make a withdrawal, users must fill out a withdrawal request form.

Withdrawals can take up to 28 working days to be processed, depending on the clearing solution trader funded his account with. Such a long period for the withdrawals obviously causes a lot of complaints from the clients.