iFourX: So Many Red Flags You Can’t Ignore

Forex trading has become increasingly difficult nowadays due to the frequent frauds occurring every day. You can‘t blindly trust any broker . They may appear genuine and authorized but end up being scams. Despite daily fraud alerts provided by financial regulators, investment scams continue to thrive. That’s why its more important to stay aware. To stay alert and informed, you need to know about a particular FX broker called iFourX and recognize its red flags.

1. Low Score

A Low score for any broker immediately raises concerns about its credibility. When we checked iFourX‘s score on WikiFX, it received a low score of 1.80 out of 10. This is one of the topmost red flags we’ve identified, and it's something you must not ignore.

2. No Regulation, No Safety

If a broker is not regulated, you cannot expect any kind of security from it. Only regulated brokers licensed by reputable authorities follow Forex trading rules and provide a safe environment for traders. Unregulated brokers often do not comply with any rules or standards and are far more likely to swindle your money.

Therefore, always avoid brokers that are not regulated by top authorities such as FCA, SEBI, or ASIC, among others.

3. Newly Built Website

Upon investigation, we discovered that this brokers website was only registered recently last year. This suggests that the broker is very new in the market and lacks sufficient experience. Newly launched websites, especially those without any verifiable trading history or client feedback, are red flags.

4. Tactic to Appear Legitimate

The broker attempts to appear credible by offering educational content, but it‘s nothing more than a superficial trick. On the website, there are two sections: one labeled “Education” and another called “Knowledge Base.” However, when you click on the Knowledge Base, you’ll find only a handful of words around 15 to 20 terms so-called glossary. In reality, its a tactic used by scam brokers to create an illusion of legitimacy without providing any real value.

5. Limited Information

One big concern is that the broker shares very little information about how it operates. This lack of transparency is not normal for trusted financial companies. iFourX seems to be hiding important details - common trick used by scam brokers.

6. WikiFX Issued Warning Against the Broker

During our investigation into this broker, we found that WikiFX has issued a warning against iFourX — a serious red flag you should not overlook. Warnings like this are crucial when choosing a broker, as they signal potential risk and unreliability. This kind of alert places iFourX in the category of potential Forex broker scams.

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