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Regarding the legitimacy of IFA forex brokers, it provides a comprehensive investigation into the security aspects of regulatory ASIC, and WikiBit, as well as whether there are any negative scam reviews.

Rating Index

WikiFX Detection

Software Index

Full License

License

ASIC Revoked

Is IFA safe?

The regulatory license is the strongest proof.

AR

ASIC Appointed Representative(AR)

Australia Securities & Investment Commission

Australia Securities & Investment Commission

Regulatory Agencies Introduction
  • Current Status:

    Revoked
  • License Type:

    Appointed Representative(AR)
Licensor:
WHOLESALE INVESTOR SERVICES PTY LTD
Australia ASIC Institution FX (STP)
  • Licensed Institution:

    INTERNATIONAL FINANCE ASIA PTY LTD INTERNATIONAL FINANCE ASIA PTY LTD
  • Effective Date:

    2024-08-15
  • Email Address of Licensed Institution:

    --
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    --
  • Expiration Time:

    2024-08-31
  • Address of Licensed Institution:

    71 Eagle St Brisbane QLD 4000
  • Phone Number of Licensed Institution:

    --
  • Licensed Institution Certified Documents:

11 name

Is IFA a scam, or is it legit?

The latest exposure and evaluation content of IFA brokers.

KYC Verification Passed, Still Unable to Withdraw Funds
Since depositing funds in July last year and starting the platform's KYC verification process in September, I have been unable to withdraw funds even after passing the KYC verification. I am even unable to withdraw my principal $10,000.
Jubao Pen payment merchants do not return funds
On January 28th, I transferred 10 million Japanese Yen to an account provided by Jubao Basin's payment service, intending to exchange it for USDT and deposit it into IFA. However, after receiving the money, Jubao Basin delayed issuing the USDT and ultimately blocked me yesterday.
Since September, we have not been processing withdrawals under the pretext of KYC verification.
Since September, withdrawals have not been made under the pretext of KYC authentication. I would like to know the current status of IFA company.
All of my wealth has been deceived. Where is the conscience of the fraud group?
IFA and OpixTech are a team of scammers who have taken away all my wealth. It's really outrageous. It started like this. I was invited by someone I knew but wasn't familiar with to attend a seminar. At the beginning, the person started talking about how severe inflation is now, and how electricity prices and other things are going to increase. Then they asked if we knew how much money we can withdraw from the bank in a month, and how much we can receive from buying savings insurance in a year. Then they showed us a profit table, saying that if we deposit a certain amount of money in OpixTech, we can withdraw a certain amount of money every month. According to their plan, the fastest plan (with the highest amount) can recover the principal in half a year. They also said that we can become brokers and earn money by inviting friends. At first, I wasn't deceived and just thought the event was not bad, but I was still afraid and didn't dare to deposit money. But later, that friend kept brainwashing me and even sent me photos of stacks of cash, which is how I was deceived into joining! In the beginning, I saw on the website that the amount was indeed increasing as promised, but when I wanted to withdraw, they said that KYC is required for overseas transactions, so it would be slower. As a result, I couldn't withdraw any money at all. Later, they said that OpixTech and IFA reached a cooperation and signed some agreement in Korea to integrate together. But I have to deposit money in IFA in order to withdraw the money from OpixTech before. As a result, I deposited money again, and now I can't withdraw any money. I don't know what to do.
IFA's latest industry rating score is 1.94, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. IFA If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.