ANSWER iFinanceFX is not reliable.In attempt to appear legitimate, iFinanceFX claims that it is authorized and regulated from EU by the Financial Certification Organization (Fincertus). However, our investigation has revealed that Fincertus is a fake financial regulator and has no authority to issue licenses.Despite claiming to be located in the UK, iFinanceFX fails to seek authorization from the Financial Conduct Authority (FCA). The FCA has issued a warning against iFinanceFX, identifying it as an unauthorized firm.In essence, since iFinanceFX is an unlicensed broker warned by the FCA, we strongly suggest investors stay away from it. It comes with significant risks such as financial losses and identity theft, as there are no rules in place to safeguard investors. Therefore, it is advisable for investors to choose a fully regulated alternative.
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