WikiFX

Sagot

As a trader with significant experience scrutinizing brokers, I want to be clear that IFA is currently unregulated and is flagged for high potential risk, with a suspicious regulatory license and no valid regulatory oversight. This already impacts my willingness to consider trading with them, especially for indices like the US100, where transparency around fees and order execution is crucial for effective cost management. Unfortunately, based on the available information, IFA does not provide explicit details on their trading platform, minimum deposit, or the precise breakdown of trading costs such as spreads, commissions, or overnight financing rates related to indices like the US100. When a broker omits these basic yet fundamental cost structures, it signals a lack of transparency and accountability. In my experience, these gaps make it impossible to accurately calculate or anticipate total trading costs, which can create unwanted surprises and expose traders to unpredictable fees. Given that IFA also focuses on financial intermediation in the Amman Stock Exchange, financial advisory services, and margin funding, their primary expertise may not even be in mainstream CFD or index trading. For me, this lack of clarity makes it impossible to properly evaluate the total cost structure; and with no regulatory protection, any funds placed here would be at significant risk. Until there is full, transparent disclosure of trading costs and regulatory credibility, I would personally advise extreme caution and avoid engaging in any live trading of indices through IFA.