IFXL

IFXL trades under the domain iforexlive.co.uk and was founded on 6 November 2019. The entity is registered in Saint Vincent and the Grenadines at Suite 305, Griffith Corporate Centre, Beachmont, P.O. 1510, Kingstown.

Saint Vincent and the Grenadines is a jurisdiction known for minimal regulatory oversight of financial services companies. The broker's registration there means it is not subject to supervision by a major financial regulator such as the FCA or CySEC.

FXCanary's records indicate that IFXL holds no regulatory licence from any recognised financial authority. This is a critical point for any trader considering opening an account.

The absence of regulation means there is no independent oversight of the broker's operations, client fund segregation requirements, or dispute resolution mechanisms. Traders should weigh this lack of protection carefully.

IFXL offers five account tiers: Classic (minimum $500), Bronze ($1,000), Silver ($2,000), Gold ($5,000), and Platinium ($10,000). Maximum leverage figures are not disclosed.

The wide range of minimum deposits suggests the broker targets both retail and high-net-worth clients. However, without leverage information, it is difficult to assess the risk exposure these accounts carry.

The known facts do not list any specific tradable instruments or trading platforms offered by IFXL. This is a significant gap in available information.

Prospective clients would need to verify directly with the broker what asset classes (forex, CFDs, commodities, etc.) are available and which trading platforms (e.g., MetaTrader 4/5) are supported.

FXCanary's Scam Risk Score for IFXL is 51 out of 100, indicating an elevated risk level. This score reflects the broker's unregulated status and limited publicly available information.

Traders should approach IFXL with caution and conduct thorough due diligence before committing funds. The lack of regulatory oversight and transparency are significant red flags.

The broker's domain (.co.uk) suggests it targets clients in the United Kingdom, yet it is not authorised by the Financial Conduct Authority. This discrepancy raises questions about its compliance with UK financial promotion rules.

IFXL's registration in Saint Vincent and the Grenadines is a common structure for brokers seeking to avoid stringent regulation while marketing to global clients.