Reason to avoid: Offshore license
Listed Date: August 28, 2018
Top 3 Regulated Forex Brokers
Company name: IFOREX24 LTD Registration/license: Marshall Islands Registration/license requirement: USD 2,000 iForex24 is a Forex broker registered offshore. It is owned and operated by IFOREX24 LTD, located in the Marshall Islands MH96960. The company is not registered to offer its financial services in UK, although they provide UK contact number, which means they are actually targeting UK residents with no right to do that. iForex24 doesn’t have an affiliation with any financial regulator. Moreover, it has been also blacklisted by Italian regulator CONSOB and Austrian FMA. We advise to deal only with the regulate brokers. Established financial authorities such as the Financial Conduct Authority (FCA) in the UK or the the Australian Securities and Investment Commission (ASIC) apply strict rules for all brokers under their jurisdiction. They also protect customers’ money in segregated accounts. Check the lists of the FCA-regulated brokers here.