Abstract:ING, a trading name of ING Group, is allegedly a forex broker registered in the United States.
Note: ING is to operate via the website - https://www.ingfx.net/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
The United States NFA regulation (license number: 0506334) claimed by ING is suspected to be a clone. Please be aware of the risk!
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
ING, a trading name of ING Group, is allegedly a forex broker registered in the United States.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, trading platforms, minimum deposit, etc.
As for regulation, it has been verified that ING holds a suspicious clone National Futures Association (NFA) license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.49/10. Please be aware of the risk.
Market Instruments
ING advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.
Customer Support
ING‘s customer support can be reached by telephone: 440203318 1860, email: info@ingfxltd.com. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.
Pros & Cons
Traders from the US, Pakistan, and Indonesia have notably raised complaints about Duhani Capital, a non-regulated broker. It has been proven to indulge in scammy practices, withholding traders’ funds, altering spreads without notifications and account terminations.
Traders, including one from Japan, have raised concerns about iFourX, an unregulated broker, for their scammy tactics. The trader has witnessed blocked withdrawals, silent customer support, and restrictive account practices when dealing with the platform.
A trader using Alieus Capital has raised serious concerns about the broker’s practices. They have reported an unapproved withdrawal request pending since March 18, with no live support and unanswered emails, which led to concerns about the broker’s operations.
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