Global Broker Regulation Inquiry App
WikiFX
PitBull 
1-2 years
Is IFA a safe and legit broker?
Broker Issues
Regulation
07-17
United States
WikiFX
Reply
While IFA offers a range of trading instruments and uses the popular MetaTrader 5 platform, its lack of regulation poses a risk to traders. The absence of regulatory oversight means there is no formal protection for investors, which makes it less safe compared to regulated brokers.
Similar Questions
Is MGM subject to regulation, and if so, which financial regulatory bodies oversee it?
x1250
08-30
Is BOCI legit?
webgalaxy
07-24
What are the pros and cons of Scope Markets?
PitBull
06-12
What are the disadvantages of trading with Kyogin Securities?
J Forex Trader
05-30
Does PIPS STAR provide the same level of protection as other regulated brokers?
Eziol
06-11