According to their statement, Ideal Fx Exchange was founded in 2012. For all that time, the platform was operating under pretense. Once regulators found this out, they issued a warning over the use of Idealfxexchange.com. Several complaints have, over the last few months, reached regulators. And all point to a scheme to block withdrawal attempts by members. Learn the truth in our detailed IDEAL FX EXCHANGE REVIEW.
There’s not much to say about a platform that fails to offer investors a chance to withdraw funds. Instead, the platform comes up with an audacious plan to swindle funds from naive investors. There’s a claim to make 50 percent ROI in 30 days.
How the platform plans to make this happen remains a mystery to users. There’s a high chance the platform is planning to shut down soon. With the warning already out, there’s no need for them to pitch tent anymore.
On their homepage, they falsify data to make the platform look realistic. The platform claims to have over 200,000 visitors. Withdrawal claims are totaling 2 million. In regards to total deposits, the platform lists $490 218.
Ideal FX Exchange claims to have over 199,000 active users on the platform. If this is the case, the total number of deposits is false. It means members have deposited $3 in total. And this is why we find the platform a complete hoax.
Anyone looking for a sound investment platform should look for proven methods. You can use platforms that experts have tested in related fields. Why don’t you give coin staking and masternoding a chance?
As far as transparency goes, Ideal FX Exchange is far from being transparent. There are a lot of issues with their expectations. And this has led many to sign up with them blindly. Here’s what you need to learn about the platform;
Ideal Fx Exchange offers investors four account plans to choose from. These plans include Standard, Classic, Gold, and Premium. The minimum deposit with the most basic account is $250.
There are no special features that come with the accounts. The minimum deposit for a standard account is $250. There’s a maximum allowed amount of $1,500 on this account.
Those who choose to invest with the classic account have to deposit $500. There’s a maximum limit of $5,000 with the account.
Gold account members must deposit $1,000 with the maximum set at $20,000. The last account is the premium account with a minimum deposit of $3,000 with no maximum.
Ideal Fx Exchange does not offer any trading accounts. These are investment accounts where members deposit funds and wait for profits to mature. One issue we have with their accounts is the vesting period.
There’s no way you can earn 50 percent daily for 30 days with any of the accounts. Even if their main venture is bitcoin mining, it doesn’t make sense. The platform has to have or own a large mining firm.
You can fund your account using several options, such as bank transfer and cryptocurrency. Crypto assets allowed include Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Other wire transfer methods listed include Payeer and Skrill.
Withdrawing funds with the platform remains the biggest hurdle facing investors. Unfortunately, no one is yet withdrawn funds with the platform for the past four months. And this is the reason CNMV and other regulators issued a warning.
In most cases, the platform sends emails claiming they have sent the funds. All you have to do is wait for the balance to reflect in your account. Unfortunately, it’s not the case as no member has seen their profits for the past few weeks.
Before you think of directing your friends to this platform, understand the risks. It’s already blacklisted, and there’s no proof they pay affiliate members. The platform fails to convince us how they track conversions.
There are two affiliate programs with the first level affiliate partner-earning 6 percent. For the second affiliate platform, you will earn 1 percent. The platform will use you to gain clients and leave you hanging with complaints from referred clients.
Claims of winning several accolades are unfounded. The platform is using award badges to claim recognition. However, none of the awards have their name engraved. We also don’t see proof of the organization that awarded these awards.
Everything on the platform is geared to target naive investors hoping to profit from the crypto surge. Unfortunately, everyone wants to get a hand in the crypto world and, in so doing, raise the appetite for fraudsters.
It remains unknown who owns and runs the platform. Although they claim to reside in the UK, this is not yet confirmed. We believe they are using false addresses as their phone number doesn’t match the location.
There’s no mention of the people working behind the platform. And this makes idealfxexchange.com a total scam. It would be best if you stayed away from anonymous platforms as they don’t guarantee the security of funds.
Another reason to stay away from the platform is the lack of clear communication lines. The platform offers a US phone number. However, we believe they hire the service of a virtual phone provider. And with this, we know for sure they are trying to hide their actual location.
There’s also an email one can use to send messages. The problem with the email is that it takes a long time to respond. One of the few emails we sent took over two weeks to get any response. And these are the same frustrations members are facing with the platform.
Although the platform offers a demo account, it’s all in vain. The demo account is a buy or sells option which doesn’t come close to real trading. A serious platform will offer users a chance to test how the platform goes.
The platform also lacks the hindsight to offer members a world-class trading terminal for the demo. Most regulators will offer demo accounts with full account capabilities. It helps members learn how to trade and use platform features.
With a warning from CNMV, it’s clear the platform is not registered. Furthermore, despite posting so-called registration documents, they are false. And this shows the extent to which the platform goes to fool naive investors.
Those who don’t bother confirming the details blindly sign up. You should confirm with regulators whether a platform is registered. Only sign up with platforms registered by reliable regulators.
The most reliable regulators include ASIC, BaFIN, CNMV, CONSOB, CySEC, FCA, and FINMA. These are the institutions you want in a forex investment and trading platform. They guarantee all parties follow strict guidelines.
Security of funds is out of the question with a platform that fails to offer safe investment conditions. The platform uses false certificates in an attempt to look compliant. Members won’t enjoy deposit insurance on the platform.
These are the reasons why we shun the platform
Now you know the risks that come when you invest with Ideal Fx Exchange
For those who want to invest, there are credible ways of investing. One of them is coin staking; give it a try.
If you have any queries, feel free to leave a message.
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