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