Report a scam Find my broker
Brokers  /  IFIN

IFIN

Moderate riskForex / CFD broker
India · 5-10 years · since 2020-02-24 · IFCI Financial Services Ltd
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
0 reviews ›
0
Licenses ›
0
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
46/100
Scam risk ›
0
Clone sites ›
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.56/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from IFIN? Our free assistant writes up your case and shows exactly what to do next →
🇺🇸
No sign that IFIN actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
46
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration458%
Transparency (site/info/social)5310%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameIFCI Financial Services Ltd
Headquarters India
Founded2020-02-24
Years operating5-10 years
Employees0
Official websiteifinltd.in
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—
Registered address
IFCI Tower,15th Floor, 61,Nehru Place, New Delhi 110 019

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

IFIN is an unregulated Indian stockbroker offering retail currency trading alongside equities and commodities. The absence of any regulatory licence is a major red flag, as client funds are not protected by any compensation scheme. The broker's low online presence and lack of independent reviews further increase uncertainty. FXCanary advises extreme caution and recommends traders avoid unregulated entities.

Best for
  • Indian residents looking for a multi-asset broker in rupees
  • Traders comfortable with unregulated entities in the Indian market
Not for
  • Traders seeking regulated brokers with investor protection
  • International clients outside India
  • Advanced forex traders requiring MetaTrader or ECN execution
Period:

Real user reviews

Where IFIN operates

Active across 2 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇮🇳 India
🇫🇷 France

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

Similar brokers

V P Consultants
India · TP 5
Guarded ⇄ Compare with IFIN
Groww
India · TP 1.9
Guarded ⇄ Compare with IFIN
Zerodha
India · TP 1.4
Guarded ⇄ Compare with IFIN
upstox
India · TP 1.7
Guarded ⇄ Compare with IFIN
What IFIN says about itself as stated by the broker · not independently verified by FXCanary

About IFIN

According to its website, IFIN (IFCI Financial Services Ltd) was promoted in 1995 by IFCI Ltd. to provide a wide range of financial products and services to investors, both institutional and retail. The company states it is primarily involved in stock broking, investment, and related financial services.

The broker claims to offer trading on equities, commodities, currencies, bonds, funds, and other financial instruments. It also provides a margin trading facility (MTF) for approved shares, allowing clients to buy shares with required upfront margin in cash or collateral.

Account and Trading

IFIN's website offers client login portals for online trading, client back office, and mobile trading. The broker states that customers can register on IFIN Online Trading and use the client back office. It also mentions opening an HDFC bank account with a minimum deposit of Rs. 10,000 for companies and individuals.

The broker claims to provide access to various markets including equities, commodities, and currency trading. It also lists financial product distribution such as corporate fixed deposits, capital gain bonds, and mutual funds.

Regulatory Status

IFIN acknowledges on its website that it is not regulated by any financial authority. The broker's terms and conditions reference compliance with stock exchange and SEBI rules for equity trading, but no specific forex or CFD regulation is mentioned.

About IFIN

Who is IFIN?

IFIN (IFCI Financial Services Ltd) is an Indian investment financial institution based in New Delhi. The company was founded in 2008 according to its description, though registry records indicate incorporation on 24 February 2020. It operates under the domain ifinltd.in and is part of the IFCI group, a state-owned financial institution.

The broker describes itself as a provider of trading services across equities, commodities, currencies, bonds, and funds. It targets both retail and institutional investors, offering online trading platforms and client back office access.

Regulation and Safety

IFIN is not regulated by any financial authority. Our review confirmed that no valid licence from SEBI, RBI, or any other regulator is held by the entity. This absence of regulatory oversight means there is no independent protection for client funds or dispute resolution mechanisms.

Traders should be aware that dealing with an unregulated broker carries significant risk, including potential loss of funds without recourse. FXCanary's Scam Risk Score of 46/100 reflects a guarded risk level.

Trading Instruments

IFIN offers trading in a range of financial instruments. According to its website, clients can trade equities (both cash and derivatives), commodities (including gold and silver), currencies (likely forex pairs), and bonds. The broker also provides margin trading facilities for select shares.

Additionally, IFIN distributes financial products such as corporate fixed deposits, capital gain bonds, mutual funds, and insurance services. This multi-asset offering is typical for Indian stockbrokers.

Account Types and Minimum Deposit

The broker states that customers must open an HDFC bank account with a minimum deposit of Rs. 10,000 for companies and individuals. This deposit is used for trading activities. The available account types are not explicitly detailed on the website, but the trading platform provides separate logins for online trading and client back office.

There is no mention of demo accounts or Islamic accounts. The minimum deposit is relatively low, making it accessible to retail investors.

Platforms and Trading Tools

IFIN provides a web-based trading platform accessible via the 'Trade Online' portal. It also offers a mobile trading app and a client back office for account management. The platforms display live market data such as Sensex, USD/INR rates, and gold prices.

No information is available about third-party platforms like MetaTrader or advanced charting tools. The broker's platforms appear to be proprietary and designed for Indian markets.

Overview compiled by FXCanary from regulatory records and public data. full IFIN review