Ideal FX Exchange is an unlicensed Broker that claims to offer what looks like a mashup of currency trading and bitcoin mining.
This review will give you reasons why you should never trade or invest with idealfxexchange.com.
Ideal Fx Exchange is considered not safe, as it is located offshore and not regulated and licensed by top-tier financial authorities, like the CySEC in Europe, UK FCA, the Australian ASIC and the US CFTC.
Ideal Fx Exchange Review
On their homepage, you will see that Ideal Fx Exchange is offering 4 account types namely Standard, Classic, Gold and Premium accounts for trading. Minimum deposit is $500 and a free demo is provided for testing on a metatrader4 platform.
Leverages extends up to 1:100 and there is what looks like an investment plan to calculate ROI. If you input something like 100 on their ROI calculator, you will see returns like 50% daily ROI for 30days.
This broker says that they are based in UK but nothing they say can be trusted.
They even claim that they started operating this business in 2012. However, this website was registered in 2020 (according to who.is).
How was Ideal Fx Exchange running their business when they didn’t have a website in the first place? This is clearly a lie they are telling us so they can create the illusion that they are an established Forex broker, which is not the case.
Ideal FX Exchange Scam
Ideal FX Exchange is a suspicious Forex and CFDs broker that runs its business as a Uk based Forex and CFD broker.
Because of the red flags on their website, it is evident that even if you use these profitable trading and investing products, you will still not make money as they will either manipulate your trades or deny you any profits you have made.
Illegal Investment Website
Ideal Fx Exchange claims that they are incorporated and licensed with offices in London, United kingdom.
This is not true because our investigations failed to find their name in any regulator database. Even worse, we saw a regulatory warning by the Spanish CNMV blacklisting Ideal FX Exchange as a scam website.
We have always warned traders against using unlicensed brokers such as Ideal FX Exchange because not only are they shady, but they can also cause massive losses and disappointments to victims.
They can even send you to a financial depression because the worst they will do for your big investment is to refuse your withdrawal request.
<<See Safe Brokers>>
Ideal Fx Exchange is not a worthwhile broker and offers impossible returns, which makes it a scam. This review is calling for anyone thinking of using them to change their mind.
If you want good brokers, please consider selecting the ones recommended on this broker page as they are regulated and reputable.