IkasFX offers leverage up to 1000:1, can you confirm if that's legit?

https://www.ikasforex.com/

Dear Investor,

IkasFX appears to be operating without legitimate regulatory authorization, raising serious concerns about its reliability.

The platform claims to be operated by Ikas Forex Ltd, a company registered in Dominica, and states it is regulated by the Financial Service Unit (FSU) of Dominica. However, upon investigation, IkasFX is not directly licensed or supervised by the FSU. Instead, it asserts that it falls under indirect oversight through a third party, Financial Master Management Ltd, which is described as an Authorised Forex and PSP License Issuer approved by the FSU.

This arrangement is highly unusual and lacks transparency. Notably, we were unable to find any reference to Ikas Forex Ltd on the official website or records of Financial Master Management Ltd, casting doubt on the validity of this claimed regulatory link.

Moreover, the FSU itself is an offshore regulator with limited enforcement power and international recognition. The absence of any additional oversight from reputable global regulators further undermines IkasFX’s credibility.

Given these red flags, we strongly advise against trading with IkasFX. Your capital would be at significant risk with such an unverified and potentially non-compliant entity.