About IZI Trades
Company Overview
IZI Trades, operating under the domain izitrades.com, is a forex and CFD broker that was established on 19 February 2020 and registered in the United Kingdom. The company presents itself as a broker created by traders for traders, aiming to provide easy access to various markets with over 100 trading instruments, including forex pairs and CFDs.
Despite its UK registration, IZI Trades does not hold any known regulatory licences from financial authorities. This absence of regulation is a significant factor for potential traders to consider, as it means the broker is not subject to the oversight of recognised financial regulators.
Account Types and Trading Conditions
IZI Trades offers three account tiers: STANDARD, RUBY, and VIP. The STANDARD account requires a minimum deposit of $1,000 and offers a maximum leverage of 1:1000. The RUBY account requires a minimum deposit of $5,000 and also offers leverage up to 1:500. The VIP account requires a minimum deposit of $10,000 and offers a maximum leverage of 1:500.
The high leverage offered, particularly the 1:1000 on the STANDARD account, is characteristic of offshore or unregulated brokers. While this may attract traders seeking high-risk opportunities, it also amplifies the potential for significant losses.
Regulatory Status
As per FXCanary's records, IZI Trades has no regulatory licences on file. This means the broker is not authorised by any major financial regulator, such as the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), or any other recognised body.
Traders should be aware that dealing with an unregulated broker carries inherent risks, including lack of investor protection, no guarantee of fund segregation, and no recourse to a compensation scheme in the event of disputes or broker failure.
Overview compiled by FXCanary from regulatory records and public data. full IZI Trades review