IDX Markets Services

IDX Markets Services Limited, trading as IDX Markets Services, is a forex and CFD broker registered in the United Kingdom. The company was founded on 21 June 2021 and lists its registered office at 4th Floor 64-66 Vincent Square, London, SW1P 2NU. Our records indicate that the firm holds two regulatory licences, one from the Cyprus Securities and Exchange Commission (CYSEC) and one from the UK Financial Conduct Authority (FCA).

Despite its UK registration, the broker's official website (idxsmarkets.com) could not be independently verified during our research, and no social-media presence was found. This lack of verifiable online footprint is a notable caution for prospective clients, as it limits the ability to confirm the firm's operational status and service quality.

IDX Markets Services is licensed in two jurisdictions. In Cyprus, it holds a CYSEC Market Making (MM) licence with number 319/17, which authorises it to operate as a market maker in financial instruments. In the United Kingdom, it holds an FCA Forex Execution License (STP) with number 793714, permitting straight-through processing of forex transactions.

We cross-checked these licence numbers against public registers where possible, but the status of each licence is not recorded in our files. Traders are advised to verify the current status directly with the respective regulators, as licence status can change. The dual licensing suggests a degree of regulatory oversight, but the absence of a verifiable website undermines the practical benefit of these licences for clients.

Based on the licence types, IDX Markets Services appears to offer retail forex and CFD trading. The CYSEC Market Making licence indicates the firm can act as a counterparty to client trades, while the FCA STP licence suggests it may also route orders directly to liquidity providers. This combination is typical of brokers that offer both market-making and agency execution models.

However, specific details on tradable instruments, account types, trading platforms, or leverage are not disclosed in our records. The broker's own website, which would normally provide such information, could not be accessed or verified. As a result, we cannot confirm the range of products or the trading conditions offered.

No information is available regarding the account types or trading platforms offered by IDX Markets Services. In the absence of a verifiable website, we cannot confirm whether the broker offers standard, mini, or Islamic accounts, nor whether it supports popular platforms like MetaTrader 4 or 5.

Prospective traders should approach this lack of transparency with caution. A reputable broker typically provides clear details on its trading platforms and account options. The absence of such information, combined with the lack of an online presence, raises questions about the firm's operational readiness.

IDX Markets Services appears to target retail forex and CFD traders, given its regulatory licences. However, the lack of verifiable information makes it difficult to assess whether the broker is suitable for any particular category of trader.

We would advise both novice and experienced traders to exercise extreme caution. Without a functioning website or social-media presence, there is no way to test the broker's services, review its terms, or contact its support team. This is a significant red flag, and we recommend that traders only consider this broker if they can obtain satisfactory answers directly from the firm.

Our FXCanary Scam Risk Score for IDX Markets Services is 39 out of 100, which we classify as 'Guarded'. The primary risk flag is the absence of a verifiable website or social-media presence. This is a serious concern because it prevents independent verification of the broker's operations and claims.

Additionally, our records show no clone or impersonator sites, which is a positive sign, but it does not offset the lack of online visibility. Traders should be aware that dealing with a broker that cannot be verified online carries elevated risks, including potential difficulties with deposits, withdrawals, or dispute resolution.