Read our iFine FX review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is an ifinefx.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So iFine FX is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about iFine FX in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.
iFine FX Review Conclusions
Making the iFine FX review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our iFine FX review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Its completely a scam. These are srilankans pretend to be operating from UK. its all are fake informations.
These people particularly target to cheat INDIAN’s only. there is no such broker company available in the UK.
They are just creating a website on their own and connect to live market as a demo version and fooling us. The funds that we transfer are going to their personal bank account.
My sincere request is that please donot prey to such idiots who are living with the looted money from poor.
Don’t invest I fine fx trading, fake brochure, fake persons, fake advice, withdrawal not getting
FAKE FACK FACK
IFINEFX . trading fake website, FAKE FAKE FAKE FRAUD FRAUD FRAUD
DON’T DO WITHDRAWALS
DON’T trust IFINEFX… Completely run by fake people.. Ajay, Vinod who are approached me to invest with IFINEFX and collected some amount ( who expecting big amount even at beginning days).. Those are not giving proper trade and proper response who not allowing us to get withdrawal even earn profit.. Those postponing about our withdrawal at every time we are asking.. DON’T INVEST your hard earned money.. FAKE FAKE!!!
Major Scam Broker.. Please Avoid This Company at Any Cost..There are much Better Companies Than This.. They will make you Beg for your Withdrawal to the Point that you will Give up.. They Have some Account managers who will call you Hundred Times and convince you to Deposit the funds..Once you Deposit You are Stuck with them For Ever.. Even there Office address looks Fake to Me..The Only company that gives 110 percent Bonus and Then Scams in the End.. A Big No to Acefxpro..👎👎..I can produce all the proofs of there lies for any investigation.. I have the phone calls recorded, whatsapp chats and the correspondence..
DONT TRUST I FINEFX PEOPLE I INVESTED 12400 USD NOW I HAVE 136827 USD IM UNABLE TO WITHDRAW MY ACCOUNT MANAGER SANDIP S THEY ARE NOT PICKING MY CALLS AND NO REPLY FOR TELEGRAM MESSAGES PLEASE SUGGEST HOW CAN I GET MY MONEY BACK
Biggest frauds they will be behind you till you invest, i lost 500usd. Donot invest and inform all you contacts. no one should lose their hard earned money with this cheater.
They have stopped calling me and not even respond. They donot give thier mobile nos.
Below are fraud employees from this company.
A1 – Rishard Haroon , A2 – Akilan Vasuthevan
Accounts manager for India
Email: [email protected], [email protected]
Website: http://www.ifinefx.com