ITFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2023-01-03 18:21

Abstract：Registered in New Zealand, ITFX claims to be a forex broker providing a series of forex and CFD trading instruments. However, since this broker’s official website cannot be accessed, we were unable to obtain more essential information, including minimum deposit, trading assets, spreads, commissions, and more. Risk warning: This ITFX is suspected fake one, and it has been verified that this broker is not authorized or regulated by any regulatory authority. Please be aware of the risk.

　　Since ITFXs official website cannot be opened for now, we could only piece together the rough picture of this brokerage through gathering some relevant information from other websites.

Basic	Information
Registered Countries	New Zealand
Regulation	No License
Minimum Deposit	N/A
Maximum Leverage	N/A
Trading Platform	MT4 trading platform
Trading Assets	N/A
Payment Methods	N/A
Customer Support	Phone, Email not available

　　General Information

　　Registered in New Zealand, ITFX claims to be a forex broker providing a series of forex and CFD trading instruments. However, since this brokers official website cannot be accessed, we were unable to obtain more essential information, including minimum deposit, trading assets, spreads, commissions, and more.

　　Risk warning: This ITFX is suspected fake one, and it has been verified that this broker is not authorized or regulated by any regulatory authority. Please be aware of the risk.

　　Leverage

　　Trading leverage is not mentioned anywhere, and here is the leverage rule set by most regulators: the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

　　Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

　　Trading Platform

　　ITFX seems to provide clients the industry-leading MT4 or MT5 trading platform. Although this is a favorable offering, clients should bear in mind that this broker is an unregulated one, and tradin with it is a surefire way to lose all your money.

　　Customer Support

　　Clients who have any trading-related issues can get in touch with this broker through calling it at 4000005556, or dropping an email through service@intechtrading.com.

　　Risk Warning

　　Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

　　The information presented in this article is intended solely for reference purposes.

　　Pros & Cons

Pros	Cons
Three types of trading accounts available	No regulation
Acceptable minimum deposits	Both commissions and spreads charged
MT4 supported	Poor customer support
Demo account	No clear information about payment methods
	Clone broker