INTERDEVFX Forex Broker

Interdevfx Forex Broker - Complete Information Guide

1. Broker Overview

　　Interdevfx, officially known as Interdev FX Wealth Limited, was established in 2005 and is headquartered in New York, United States. This broker operates as a private entity, focusing primarily on retail forex trading. Over the years, Interdevfx has built a reputation among retail traders, offering a variety of trading instruments and competitive trading conditions.

　　The company has developed its services to cater to a diverse client base, including individual traders and institutional clients. Notable milestones in its journey include the expansion of its trading platform capabilities and the introduction of various account types to meet the needs of different traders.

　　Interdevfx operates under a business model primarily focused on retail forex trading, providing access to various financial instruments such as currencies, commodities, indices, and cryptocurrencies. This model enables traders to engage in a wide range of trading activities, from spot trading to derivatives.

2. Regulatory and Compliance Information

　　Interdevfx does not hold any valid regulatory licenses, raising significant concerns about its legitimacy. The broker is classified as a suspicious clone, with claims of possessing regulatory licenses from the National Futures Association (NFA) in the United States, specifically under license numbers 0547365 and 0552197. However, these licenses are suspected to be fraudulent.

　　The lack of regulation means that Interdevfx does not adhere to the stringent requirements typically imposed by recognized regulatory bodies. This includes the absence of client fund segregation policies, which is a critical aspect of investor protection. Furthermore, there is no participation in any investor compensation schemes, which would otherwise provide additional security for clients in the event of broker insolvency.

　　Interdevfx has not provided clear information regarding its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are fundamental for ensuring the legitimacy of trading activities and protecting against financial crimes.

3. Trading Products and Services

　　Interdevfx offers a diverse range of trading products across various asset classes. Traders can access over 60 forex currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs. The broker provides trading in precious metals such as gold and silver, with competitive spreads.

　　In addition to forex, Interdevfx allows trading in CFD products across several categories, including:

• Indices: Major global indices such as the S&P 500, Nikkei 225, and DAX 30.
• Commodities: Energy commodities like WTI and Brent crude oil, as well as agricultural products.
• Shares: Individual company stocks from major exchanges.
• Cryptocurrencies: While specific cryptocurrencies are not listed, popular options like Bitcoin and Ethereum are likely included.

　　The frequency of product updates and the introduction of new trading instruments are not explicitly detailed in the available information, indicating a potential area for improvement in transparency.

4. Trading Platforms and Technology

　　Interdevfx supports the widely-used MetaTrader 4 (MT4) trading platform, which is favored for its robust analytical tools and user-friendly interface. The broker also provides mobile trading applications compatible with iOS and Android devices, allowing traders to manage their accounts on the go.

　　The platform offers various execution modes, including Market Making, which may affect the trading experience. However, details regarding server locations and the underlying technological infrastructure are not specified, which could impact the reliability of trade execution.

　　Interdevfx does not appear to offer proprietary trading platforms or advanced API access for automated trading, which may limit the options for more experienced traders seeking customization.

5. Account Types and Trading Conditions

　　Interdevfx provides two primary account types: Standard Accounts and Prime Accounts. While specific details regarding minimum deposit requirements and commission structures are not clearly outlined, the broker claims to offer competitive spreads starting from 0 pips.

• Standard Account: Typically designed for retail traders, offering basic trading features.
• Prime Account: Aimed at more experienced traders, potentially offering lower spreads and enhanced trading conditions.

　　Leverage ratios can reach up to 1:500 for forex and metals, and 1:200 for commodities and indices, which can amplify both potential profits and losses. The minimum trading lot size and overnight fees are not explicitly mentioned, indicating a lack of transparency in trading conditions.

6. Fund Management

　　Interdevfx does not provide comprehensive information regarding supported deposit methods. Common payment options in the industry may include bank transfers, credit cards, and e-wallets, but specific details are lacking.

　　The minimum deposit requirements for different account types remain unspecified, which can be a deterrent for potential clients. Processing times for deposits and withdrawals are also not clearly defined, leading to uncertainty for traders.

　　Withdrawal methods and any associated fees are not detailed, adding to the overall lack of transparency regarding fund management policies.

7. Customer Support and Educational Resources

　　Interdevfx offers customer support through various channels, including email, live chat, and a contact form on their website. The support team is available 24/7, ensuring assistance for clients across different time zones. However, the quality of customer support has been criticized, with reports of poor responsiveness and unresolved issues.

　　The broker provides a range of educational resources to enhance traders' knowledge. These resources include market analysis, economic calendars, and video tutorials. However, the depth and quality of these educational materials may not be sufficient for traders seeking comprehensive training.

8. Regional Coverage and Restrictions

　　Interdevfx primarily serves clients in the United States, with a significant presence in the global forex market. However, specific details regarding regional offices and the countries where they do not accept clients are not provided.

　　The broker may have restrictions based on regulatory requirements in certain jurisdictions, but this information is not explicitly stated, which could pose risks for potential clients.

　　In conclusion, while Interdevfx offers a variety of trading products and services, the lack of valid regulation and transparency in its operations raises significant concerns for potential traders. It is crucial for individuals to conduct thorough research and exercise caution before engaging with the Interdevfx broker.