iFX Brokers Review: Do Traders Face Withdrawal Issues, Deposit Credit Failures & Free Coupon Mess?

Have you had to pay several fees at iFX Brokers? Had your trading profit been transferred to a scamming website, causing you losses? Failed to receive withdrawals from your iFX Brokers trading account? Has your deposit failed to reflect in your trading account? Got deceived in the name of a free coupon? Did the broker officials not help you in resolving your queries? Your problems resonate with many of your fellow traders at iFX Brokers. In this iFX Brokers review article, we have explained these problems and attached traders screenshots. Read on!

Sharing the Top Complaints Against iFX Brokers

The Unending Fee Payment Demand

A trader accused iFX Brokers of demanding fee after fee as soon as he invested in this trading platform. Adding to the woes, the profits earned were transferred to a scamming website, causing losses to the trader. The trader did not receive support as the broker officials were even alleged to have called him to borrow to make payments. The screenshot shown below explains the traders misery.

iFX Brokers Deny Profit Withdrawals Using the ‘Abusive Trading Strategy or Abusive Bonus’ Allegation

Profitable traders are denied profit withdrawals by iFX Brokers on the grounds of Abusive Trading Strategy. The same thing happens with bonuses. The broker offers bonuses to traders when earning profits during news events. Later, the broker declines by claiming abusive bonus trading by traders. Many traders have commented on these. They say the problem occurs only when they earn profits. There is no such allegation from the broker when they face losses. Here are multiple complaints showcasing profit withdrawal denials on this seemingly wrong claim by the broker.

Bonus Appears on the Wallet, Not iFX Brokers Trading Account

This iFX Brokers review shared by the trader was a startling revelation of how scammy the broker can be. Here, the trader received a bonus in the wallet upon deposit. As the trader transferred it to the trading account, the bonus disappeared. Upon contact, the iFX Brokers customer support officials could not answer, but rather seemed surprised by the incident. Here is the traders miserable story.

Hassles Associated with Free Coupons

A trader accused the broker of driving a flawed free coupon strategy. As traders deposit, they receive free coupons. Subsequently, the broker takes away free coupons. Similarly, the broker is alleged to have offered free equity upon deposits. However, as the account slumps to a drawdown on the iFX Brokers login, the broker snatches the free equity even before traders can use it. Here is a complaint screenshot that grabbed our attention.

The Deposit Credit Failure

A trader recently claimed that the deposits made failed to reflect in the trading account. This sounds like a potential forex investment scam, as it remains the case with many other brokers alleged to be carrying out fraudulent trading practices. Take a look at this complaint snapshot.

iFX Brokers Review by WikiFX: Score & Regulatory Status

The WikiFX team considered several trading allegations upon iFX Brokers and found them serious enough to be investigated. Upon investigation, the team found that the broker was regulated in South Africa but with an ‘Exceeded’ mark against it. This inevitably makes the broker liable for actions by the regulatory authority. As a result, the team could only give the broker a score of just 4.52 out of 10.

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