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SecuredProFxMarket foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://securedprofxmarket.com/signup.aspx, about the company's legal and temporary regulatory information, the company's address 55 Whitechapel High Street, London E1 7QX, United Kingdom.

SecuredProFxMarket Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
SecuredProFxMarket
Abbreviation
SecuredProFxMarket
Company employee
--
Customer Service Email Address
support@SecuredProFxMarket.com
Company address
55 Whitechapel High Street, London E1 7QX, United Kingdom
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Rating Index

  

IDG Trading Forex Broker - Complete Information Guide

  

1. Broker Overview

  IDG Trading, founded approximately four years ago, operates as a trading firm primarily focused on seeking out investment opportunities in the global financial markets. The company is headquartered in the United Arab Emirates, with additional offices located at 161 Bay St, Toronto, ON M5J 2S1, Canada, Tower 42, 25 Old Broad Street, London, UK EC2N 1HQ, and Ocean Financial Centre, 10 Collyer Quay, Singapore 049315. IDG Trading is a privately held entity, catering primarily to retail clients in Europe and the United States, where it markets its services through various channels, including social media platforms like TikTok and Instagram.

  Throughout its brief history, IDG Trading has claimed to focus on trading within the over-the-counter (OTC) derivatives market, although specific milestones in its development remain unclear. The firm is not affiliated with a larger corporate group and operates independently, providing services that include retail forex trading and investment opportunities.

  As an IDG trading broker, the firm offers a variety of trading products and services, aiming to assist clients in navigating the complexities of the financial markets while seeking to grow their capital.

  

2. Regulatory and Compliance Information

  IDG Trading currently operates without valid regulatory oversight, which raises significant concerns regarding its legitimacy. The company has not been registered with any recognized financial regulatory authority, including but not limited to the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC). The absence of regulatory licenses means that there are no regulatory numbers associated with the firm, and it does not participate in any investor compensation schemes.

  The lack of regulation also implies that IDG Trading does not have a formal policy for client fund segregation, which could expose clients to potential risks in the event of financial difficulties faced by the broker. Furthermore, there is no evidence of adherence to Know Your Customer (KYC) or Anti-Money Laundering (AML) compliance measures, which are critical for maintaining the integrity of trading operations.

  Due to these factors, potential clients are strongly advised to exercise caution and conduct thorough due diligence before engaging with IDG Trading, as the absence of regulatory oversight significantly increases the risk of fraud and financial loss.

  

3. Trading Products and Services

  IDG Trading offers a limited selection of trading products, primarily focusing on forex currency pairs. The firm claims to provide access to a variety of major and minor currency pairs; however, specific details regarding the total number of available pairs are not disclosed.

  In addition to forex trading, IDG Trading purports to offer Contract for Difference (CFD) products across several asset classes, including indices, commodities, stocks, and cryptocurrencies. Nonetheless, the exact categories and the extent of these offerings remain vague, with no clear information on the frequency of product updates or the introduction of new trading instruments.

  The broker's services are primarily aimed at retail clients, with claims of providing tailored trading solutions. However, there is no indication that IDG Trading offers institutional services, white label solutions, or asset management services, which limits its appeal to a broader range of clients.

  As an IDG trading broker, the firm emphasizes its commitment to helping clients achieve their trading goals, despite the lack of clarity regarding the specifics of its product offerings.

  

4. Trading Platforms and Technology

  IDG Trading does not provide comprehensive information regarding the trading platforms it supports. However, it is indicated that the firm offers access to MetaTrader 4 (MT4) and potentially MetaTrader 5 (MT5), which are popular platforms among forex traders for their user-friendly interfaces and advanced trading features.

  There are no details available about any proprietary trading platforms developed by IDG Trading, nor is there information on a web-based trading platform. The firm has not specified whether it offers mobile applications for iOS or Android devices, which are essential for traders seeking flexibility and convenience.

  Regarding execution models, IDG Trading appears to operate under standard market-making practices, but there is no explicit confirmation of whether it also supports Electronic Communication Network (ECN) or Straight Through Processing (STP) execution methods.

  The firm's technological infrastructure, including server locations and support for automated trading through APIs, has not been disclosed, which may raise concerns regarding the reliability and efficiency of its trading services.

  As an IDG trading broker, the lack of detailed information about trading platforms and technology could deter potential clients from engaging with the firm.

  

5. Account Types and Trading Conditions

  IDG Trading offers a standard account type, but specific details regarding minimum deposit requirements, spreads, and commissions are not clearly outlined. The absence of information on advanced account types, such as VIP or professional accounts, suggests that the broker may focus primarily on catering to retail clients.

  There are no indications of special account offerings, such as Islamic accounts or corporate accounts, which could limit accessibility for certain traders. Additionally, the firm's policies regarding demo accounts remain unclear, as there is no mention of the availability of practice accounts for potential clients to familiarize themselves with the trading environment.

  The leverage offered by IDG Trading is also unspecified, which is a critical aspect for traders seeking to maximize their trading potential. Furthermore, there is no information on minimum trade sizes or overnight fees, which are essential for understanding the overall trading conditions.

  As an IDG trading broker, the lack of transparency regarding account types and trading conditions may pose significant challenges for prospective clients looking for clear and comprehensive information.

  

6. Fund Management

  IDG Trading supports various deposit methods, including bank transfers, credit cards, and electronic wallets, although specific details regarding the minimum deposit requirements for different account types are not provided.

  The processing time for deposits is not explicitly stated, and there is no information available regarding any associated deposit fees. Withdrawal methods and limitations are similarly vague, with no clear guidelines on the processing times for withdrawals or any potential fees that may apply.

  Given the absence of detailed information on fund management practices, clients may face challenges when attempting to deposit or withdraw funds from their trading accounts with IDG Trading.

  As an IDG trading broker, the lack of clarity and transparency in fund management practices raises concerns about the overall reliability and trustworthiness of the broker.

  

7. Customer Support and Educational Resources

  IDG Trading provides customer support through various channels, including telephone, email, and potentially online chat. The primary contact number for the firm is +1 877-506-8103, and the customer service email is info@idg-trading.com. However, specific details regarding the availability of customer support, including service hours and time zone coverage, are not disclosed.

  The firm appears to offer multilingual support, though the exact languages available for assistance are not specified. Additionally, there is no information regarding the types of educational resources provided to clients, such as webinars, tutorials, or eBooks.

  Market analysis services, including daily analysis, news updates, and research reports, are also not mentioned, which could limit the resources available to traders seeking to enhance their trading knowledge and skills.

  As an IDG trading broker, the lack of comprehensive customer support and educational resources may hinder clients' ability to effectively navigate the trading landscape.

  

8. Regional Coverage and Restrictions

  IDG Trading primarily serves clients in Europe and the United States, although specific details regarding its operational regions and any regional offices are not provided. The firm has not disclosed any countries or regions from which it does not accept clients, which could pose risks for potential traders in those areas.

  Given the lack of transparency regarding regional coverage and client restrictions, potential clients are encouraged to conduct thorough research to determine their eligibility before engaging with IDG Trading.

  In conclusion, IDG Trading operates as a forex broker with various offerings, but the absence of regulatory oversight, detailed product information, and transparency regarding trading conditions raises significant concerns. Prospective clients should approach with caution and ensure they are fully informed before making any investment decisions.

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Latest Reviews

Leo1121

Leo1121

United Kingdom

Well I’ll say their support team is really really bad but nevertheless I made good profit from them and I made a withdrawal

37130

2023-09-17

SecuredProFxMarket Forex Broker has an overall rating of 1.33, Regulatory Index 0.00, License Index 0.00, Business Index 5.64, Software Index 4.00 Risk Control Index 0.00.
SecuredProFxMarket