IcFxMarkets Review: Interesting Facts About Icfxmarkets.com

IcFxMarkets Review: Is IcFx Markets a scam?  Is it Legit? How much do you know about  this broker? Read our review to find out the result of our investigation.

What is IcFxMarkets?

Icfxmarkets.com is the website of Forex brokerage created by Cypriot company registered with the name Holiway Investments Ltd. This company is be based in Cyprus. We do not know the origin of this platform but when we searched the domain register whois.net, we found out that this website was registered on 28/05/2019. This implies that this broker is quite new in the Forex scene. There is no information provided by this broker with regards to its founder or chief executive officer.

What IcFxMarkets Claims They Offer

IcFxMarkets claims to offer the following:

  • Use of  automated trading.
  • User friendly interface.
  • 100 percent member support.
  • Full security of funds
  • Cloud protection.
  • Dedicated trading servers.

 

IcFxMarkets Trading Software

Although this website claims to use automated trading software, it provides no information with regards to the type of platform it offers. We suspect broker uses a custom made platform. A  custom made platform lacks proper security features.

IcFxMarkets Withdrawal and Deposit Methods & Fees

Users of this platform are required to deposit or withdraw via the standard Visa, MasterCard and bank-wire.

WE consider it of note to inform you, that any trader who takes advantage of this broker’s bonus promotion, must achieve an undisclosed rate of trading volume before considered eligible for withdrawal.

The minimum deposit amount is $1000.

Is IcFXMarkets Licensed?

We discovered that Holiway Investments Ltd is listed in the online registry of the Cypriot authorities but Icfxmarkets.com is not among the active brand of this company. This leads us to believe that is neither licences nor regulated by the  Cyprus Securities and Exchange Commission. The CySEC has issued a regulatory warning against this brokerage, accusing it for copying the corporate information of a legitimate entity.

IcFxMarkets Support

This broker provides no contact information on its website.

Conclusion

Based on our investigation, Icfxmarkets.com is not an ideal brokerage for traders to invest in. If you decide to go ahead, we advise you deposit only the required amount to avoid a huge loss. Note that this brokerage has no demo account.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website

DID YOU KNOW!! Most Autotrading softwares or robots claiming to turn you into a millionaire overnight are SCAMS. If you are in need of a legitimate software or robot that can help you trade profitably, see our recommendation HERE

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IcFxMarkets

1.8

TRADING CONDITIONS

3.0/10

LICENSE

1.0/10

CLIENT REVIEW

2.0/10

CUSTOMER SUPPORT

1.0/10

Cons

  • Unlicensed
  • Unregulated
  • No demo account
  • Minimum deposit of $1000

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