Score
IDS International
Saint Vincent and the Grenadines|5-10 years| https://www.idsintl.com/en/
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Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Disclosure
Danger
Contact number
+44 800 014 82 02
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Broker Information
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IDS International Ltd
IDS International
Saint Vincent and the Grenadines
Pyramid scheme complaint
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- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 22 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
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IDS International · Company Summary
General Information
IDS International Ltd has a firm claim that it is registered in Saint Vincent and the Grenadines as a fully incorporated company. This claim completely undermines the fact that Saint Vincent and the Grenadines do not have an FX regulator, and are close to devoid of any FX legislation, allowing scammer brokers to run rampant on its territory.
Market Instruments
IDS International claims to provide numerous trading instruments including 60+ forex currency pairs, precious metals, oil and gas, and index CFDs.
Leverage & Spreads
IDS International has no specific disclosures regarding the leverage and spread. According to the website, the minimum spread can be as low as 0.1, but the authenticity is debatable.
Trading Platform
IDS International provides access to the Metatrader4 (MT4) – a platform that is generally considered one of the best available. In this case, however, we dont recommend it – simply because IDS International cannot be trusted. We would better suggest sticking with legit MetaTrader4 brokers instead.
Restricted Areas
IDS International does not offer its services to residents of certain jurisdictions such as the United States of America, Cuba, Iran, Sudan, Syria and North Korea. And its website is available in English, Chinese, and Indonesian.
Risk Warning
The number of the complaints received by WikiFX has reached 21 for this broker in the past 3 months. This broker has been verified to be illegal and all of its licenses have been expired. Also, it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk and the potential scam!
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