Global Broker Regulation Inquiry App
WikiFX
Elio Matacena 
1-2 years
What do I think are the upsides and downsides of IFX Brokers?
Broker Issues
Regulation
07-24
United States
WikiFX
Reply
In my opinion, the main pros of IFX Brokers are the diverse trading instruments and the high leverage they offer (up to 1:1000), which could appeal to traders with high-risk tolerance. However, the biggest downside is their expired FSCA license, which makes me skeptical about their regulatory standing. Also, their IFX Brokers demo account isn’t available to everyone, which is a bit of a drawback for me.
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