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ikasfx

Severe riskForex / CFD broker
Dominic · < 1 year · since 2025-09-18 · Ikas Forex Ltd
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
5 reviews ›
0
Licenses ›
3
Withdrawal issues ›
—
Min. deposit ›
Forex 1:1000, Metal 1:1000, Crude Oil 1:400
Max leverage ›
2
Account types ›
75/100
Scam risk ›
0
Clone sites ›
Accounts: ECNSTD
▲ 100% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.9/10
Trustpilot—/5
Forex Peace Army—/5
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No sign that ikasfx 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.
75
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Recently established — about 11 months old
  • Withdrawal complaints in ~60% of recent reviews
  • 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 age9215%
Clone / impersonation012%
Withdrawal & exposure complaints1812%
Offshore registration458%
Transparency (site/info/social)7810%

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 nameIkas Forex Ltd
Headquarters Dominic
Founded2025-09-18
Years operating< 1 year
Employees0
Official websitemy.ikasfx.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods13 · Bank, Transfer, ETH, VISA, MASTER
Withdrawal methods · --
InstrumentsForeign exchange spot standard contractscommodity spot standard contracts (goldsilverWTIBrentnatural gas)index contractscrypto currency spot contractsUS dollar index
Registered address
Michael Douglas Boulevard, Portsmouth, Commonwealth of Dominica

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 2

AccountMax leverageMin. depositMin. spreadCommissionEA
ECNForex 1:1000, Metal 1:1000, Crude Oil 1:400--from 0.0--✓
STDForex 1:1000, Metal 1:1000, Crude Oil 1:400--from 1.0--✓
Full reviewIn-depth editorial analysis Scam or safe?Risk score & red flags AccountsTypes · min deposit · how to open Deposit & withdrawalMethods · payout reliability

Review analysis AI

User reviews overwhelmingly praise İkasForex for fast withdrawals (often within 1-2 hours), low spreads, no commissions, and responsive support via WhatsApp. The MT5 platform is described as stable and fast. However, this positive picture is contradicted by aggregated industry data showing 3 withdrawal-related complaints and a severe scam risk score of 75 due to no verified regulation. Prospective traders should weigh the glowing user experiences against the lack of regulatory oversight.

Best for
  • Traders seeking fast withdrawals and low spreads
  • Those who value responsive WhatsApp support
  • Users interested in Islamic (swap-free) accounts
Not for
  • Traders requiring regulation by a major financial authority
  • Risk-averse investors who prioritize regulatory protection
  • Those who need transparency on company ownership and history
Period:
What users praise
Where reviewers are from
Turkey4
United States1

Real user reviews

Where ikasfx operates

Active across 1 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.

🇦🇺 Australia

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.

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What ikasfx says about itself as stated by the broker · not independently verified by FXCanary

Account Types

İkasForex offers two account types: ECN and STD. The ECN account advertises spreads from 0.0 pips, while the STD account offers spreads from 1.0 pip. Both accounts provide maximum leverage of 1:1000 for forex and metals, and 1:400 for crude oil. The broker states that these accounts are suitable for different trading styles, with the ECN account geared towards scalpers and high-volume traders.

Platform & Technology

The broker claims to offer the MetaTrader 5 (MT5) platform, which it describes as very fast and stable. According to the company, MT5 provides advanced charting tools, automated trading capabilities, and fast order execution, enabling traders to execute strategies efficiently.

Tradable Instruments

İkasForex states that it provides access to a range of instruments including foreign exchange spot contracts, commodity spot contracts (gold, silver, WTI, Brent, natural gas), index contracts, cryptocurrency spot contracts, and the US dollar index. The broker markets these products as allowing diversification across asset classes.

Deposits & Withdrawals

The broker accepts deposits via bank transfer, credit card (VISA, Mastercard), and cryptocurrency (ETH). It claims that withdrawals are processed quickly, often within 24 hours, and that no commissions are charged on withdrawals. The company also promotes an Islamic account option with no swaps.

Customer Support

İkasForex emphasizes its customer support as highly professional and responsive, with instant replies via WhatsApp in both Turkish and English. The broker also offers educational content and market analyses, which it says are beneficial for investors.

About ikasfx

Company Overview

İkasForex (legal name Ikas Forex Ltd) is a forex and CFD broker registered in the Commonwealth of Dominica, with a registered address at Michael Douglas Boulevard, Portsmouth. Founded on 18 September 2025, the broker is relatively new to the industry. It operates with no verified regulatory license, which places it in a high-risk category according to independent assessments.

Despite its recent entry, İkasForex has attracted a number of traders, particularly through social media marketing. The broker offers trading in forex, commodities, indices, and cryptocurrencies via the MetaTrader 5 platform.

Regulation & Safety

İkasForex is not regulated by any major financial authority. Our verification against public registries found no valid license. This lack of oversight means that client funds are not protected by any compensation scheme, and the broker is not subject to standard regulatory audits. Traders should exercise caution and consider the risks involved when dealing with unregulated entities.

The broker's scam risk score is 75 out of 100, indicating a severe risk level. This score takes into account the absence of regulation, company age, and user complaints.

Account Types & Trading Conditions

İkasForex provides two account types: ECN and STD. The ECN account offers spreads from 0.0 pips, while the STD account has spreads from 1.0 pip. Both accounts support maximum leverage up to 1:1000 for forex and metals, and 1:400 for crude oil. Minimum deposit requirements are not disclosed.

The broker offers a wide range of instruments: forex spot contracts, commodity spot contracts (including gold, silver, WTI, Brent, natural gas), index contracts, cryptocurrency spot contracts, and the US dollar index. This variety allows traders to diversify their portfolios.

Platforms & Tools

The broker exclusively offers the MetaTrader 5 platform, known for its advanced features such as multiple timeframes, built-in indicators, and automated trading via Expert Advisors. MT5 is available for desktop, web, and mobile devices, providing flexibility for traders. Reviews indicate that the platform is stable and fast, contributing to a positive user experience.

Deposits & Withdrawals

Funding methods include bank transfers, credit/debit cards (Visa, Mastercard), and cryptocurrency (ETH). Withdrawal methods are not specified, but user reviews report that withdrawals are processed quickly, often within 1-2 hours or the same day. The broker does not charge commissions on withdrawals according to these reviews. An Islamic (swap-free) account is available for traders who require it.

Target Audience

İkasForex appears to target retail traders, particularly those seeking high leverage and fast execution. Its low spreads and no-commission model may appeal to scalpers and day traders. The availability of an Islamic account also makes it an option for traders who need swap-free trading. However, the lack of regulation makes it unsuitable for risk-averse investors.

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