Many individuals new to the foreign exchange market have reported difficulties finding a trustworthy platform, often encountering situations where profits cannot be withdrawn, with funds being siphoned off by shady platforms, making the path of foreign exchange investment a rocky one. The top 100 forex platforms listed on FxGecko can serve as a reference for selection; however, if a platform falls outside the top 100, special attention should be given to its primary and white-label affiliations and risk alerts.
Today, an investor inquired about IFS Markets, asking whether the platform's regulatory status ensures safety and if investors' funds are adequately protected.
FxGecko's inquiry reveals that IFS Markets, established in 2018, ranks 1443rd globally, with a safety score of 50 points. The platform claims to hold one regulatory license and has 15 risk alerts flagged through a scan.
The regulatory landscape of IFS Markets can be summarized as follows:
1. IFS Markets, founded in 2018, is a relatively new forex dealer with a shorter operational history.
2. Search results indicate that IFS Markets currently holds only one regulatory license, specifically a forex license. A single regulatory body may not provide comprehensive oversight, and the safety level requires further verification.
3. FxGecko assigns IFS Markets a rating of 2.5, suggesting average safety and service quality.
4. While there are some positive reviews suggesting IFS Markets is suitable for forex beginners, the general consensus indicates that both its regulatory environment and safety need improvement.
Considering this information, it's clear that IFS Markets operates in a relatively nascent regulatory environment with limited certifications and a less secure profile. Investors considering this platform should delve deeper into its actual operations and cautiously assess the risks. Opting for well-established forex brokers with multiple regulatory oversight would be a safer and more dependable choice.
FxGecko's Overall Assessment: IFS Markets' official website is currently functioning normally, but complaints revolve around contract pricing inaccuracies or delayed deposits affecting transaction security, areas that require attention. There is a prevalence of negative feedback, with overall comments being mediocre, fewer tradable instruments, and slower complaint resolution.
The financial market is a mix of good and bad, all carrying investment risks. It's crucial to thoroughly investigate platforms before investing to avoid scams. Start with FxGecko for safeguarding your investments.