IFDC Account Type

IFDC Capital claims to be a U.S. registered online forex, commodities, and cryptocurrency broker. However, it does not offer different account types, as it requires an "introducing broker's number" to open an account. The account opening form is reported to contain numerous spelling errors, raising concerns about its legitimacy. The maximum leverage offered is up to 1:500, which is often associated with irregular brokers. The EUR/USD spread in their demo account is noted to be 2 pips, which is above the industry standard of 1.1 to 1.5 pips. Overall, the lack of clarity regarding account types and the presence of errors suggest that IFDC may not be a reliable broker.

IFDC Broker Account Opening Process

The process for opening a broker account with IFDC Capital is summarized as follows:

• Contact Requirement: You need to have an "introducing broker's number" to initiate the account opening process.
• Form Submission: Complete the account opening form, noting that it may contain spelling errors, which could indicate a lack of professionalism.
• No Clear Deposit Information: The official website does not provide details on deposit methods or minimum amounts required for funding the account.
• Lack of Transparency: There is no information available regarding withdrawal processes or fees, which is critical for potential investors.

Given these factors, it is advisable to approach IFDC Capital with caution and consider alternative brokers that offer clearer account types and a more transparent account opening process.