Icahn Enterprises FX Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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A really good broker for beginners, and I love their educational resources, giving me great help. Their easy-to-use mobile app is another plus, I trade with it so easily! 😋
Summary: Icahn Enterprises FX presents a mixed bag for traders, offering competitive spreads and a user-friendly mobile platform but lacking regulatory oversight, which raises concerns about trustworthiness. While some users appreciate its educational resources, others express dissatisfaction with customer support and the overall trading experience.
Note: It's essential to consider that the regulatory status of this broker may vary across different regions, impacting the overall trading experience. This review aims to provide a fair and accurate assessment based on the latest available data.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 6 |
| Customer Service and Support | 3 |
| Trading Setup (Experience) | 5 |
| Trust Level | 2 |
| User Experience | 5 |
We evaluate brokers based on a combination of user feedback, expert opinions, and factual data.
Founded in 1987, Icahn Enterprises FX is a subsidiary of Icahn Enterprises LP, known for its trading services primarily in the forex markets. The broker operates without any valid regulatory oversight, which poses significant risks for traders looking for a secure trading environment. The platform offers access to over 1,000 currency pairs and features a proprietary trading application compatible with iOS, Android, and Mac operating systems. However, the lack of regulation is a critical concern that potential users should be aware of.
Icahn Enterprises FX operates without any valid regulatory licenses, which is a significant red flag for potential traders. According to multiple sources, including WikiBit, the broker has a low score of 1.19 out of 10, indicating high potential risks associated with trading through an unregulated entity. Users are advised to exercise caution and consider the implications of trading with an unregulated broker (WikiBit).
The broker accepts deposits in Japanese yen, with a minimum deposit requirement set at 4,000 yen. There is no specific mention of cryptocurrency support, suggesting that traders may need to rely on traditional fiat currencies for their transactions.
The minimum deposit required to start trading with Icahn Enterprises FX is 4,000 yen. This relatively low entry point may be appealing to beginner traders or those looking to minimize their initial investment risk.
There is no information available regarding any bonuses or promotional offers from Icahn Enterprises FX. This lack of incentives might deter some traders who are looking for additional value when opening an account.
Icahn Enterprises FX primarily focuses on forex trading, offering over 1,000 currency pairs. However, the limited range of trading assets may not satisfy traders looking for a diversified trading portfolio that includes commodities, indices, or cryptocurrencies.
The broker offers competitive spreads, with notable examples being 0.2 pips for USD/JPY and 1.0 pip for JPY/GBP. This low-cost structure can be attractive for traders seeking to minimize transaction costs. However, the absence of detailed information on additional fees and commissions may raise concerns about hidden costs.
Information regarding leverage options is not explicitly provided. Traders should inquire directly with the broker to understand the available leverage ratios and associated risks.
Icahn Enterprises FX uses its proprietary trading platform, which is compatible with various operating systems, including iOS, Android, and Mac. The mobile app has been praised for its user-friendly interface and functionality, making it suitable for traders on the go.
The search results did not provide specific information regarding restricted regions for Icahn Enterprises FX. However, potential traders should verify their local regulations and laws before engaging with the broker.
Customer support is limited, with only a single channel available via phone. The primary language for communication is English, which may pose challenges for non-English speaking users. Some reviews indicate dissatisfaction with the responsiveness and quality of customer support, further emphasizing the need for caution when dealing with this broker.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 6 |
| Customer Service and Support | 3 |
| Trading Setup (Experience) | 5 |
| Trust Level | 2 |
| User Experience | 5 |
Account Conditions (Rating: 4/10): The minimum deposit requirement of 4,000 yen is relatively low, but the lack of regulation and transparency around account conditions raises concerns.
Tools and Resources (Rating: 6/10): The broker provides a proprietary trading platform with educational resources, which some users find helpful. However, the limited asset classes may restrict traders seeking broader options.
Customer Service and Support (Rating: 3/10): Customer support is cited as a significant issue, with some users reporting unresponsiveness to complaints and inquiries, which can erode trust in the broker.
Trading Setup (Experience) (Rating: 5/10): While the mobile app is user-friendly, the overall trading experience is marred by the lack of regulatory oversight and negative user reviews about the service quality.
Trust Level (Rating: 2/10): The absence of valid regulation significantly impacts the trust level, with many reviews warning potential users to stay away due to high risks.
User Experience (Rating: 5/10): User experiences are mixed; while some appreciate the educational resources and mobile trading capabilities, others express dissatisfaction with the overall service and support.
In conclusion, while Icahn Enterprises FX offers some attractive features such as competitive spreads and a user-friendly platform, the lack of regulatory oversight and mixed user experiences warrant caution for potential traders.
