1 reviews | Active since Jun 2017

13 Jan 2020, 12:03

Don't risk it.

Without Prejudice. I invested US$ 1300 with them in September 2019 to be placed on the Metatrader. The money grew nicely until they moved it off the metatrader and onto a broker without my permission. My funds fell from $1024 to $300 in 2 days. They "lend" me money to bring my funds back up to $1000, because that is the minimum to be able to trade on the metatrader. On 31 December my trades were on $1024.99, on 2 January 2020 it was on $388. That is a 62% loss overnight. Today (13 January 2020) it is on $107 left on my balance. In other words, 89% of my funds are gone.

Their response was: "you were adequately informed that the EA is not an IFX EA and that we, IFX are the broker only supplying the technology for the EA. Hence to clarify your statement below, IFX did not loose your money per se. Any loss on a client account will by default also implicate a loss on our account".

I do not recommend investing with them if you are not willing or able to lose the money. It seems that they only supply the platform and have no control over it.

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