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Based on my direct experience and careful research, IFX presents a complicated regulatory picture that raises several caution flags for me as a trader. While the company states it was registered in the United Kingdom and at one time held licenses with both the Financial Conduct Authority (FCA) in the UK and the Dubai Financial Services Authority (DFSA) in the UAE, both licenses are currently noted as “exceeded.” In my understanding, this signals that their regulatory permissions are either expired, no longer valid, or possibly not aligned with their present business scope. From a risk management perspective, regulatory oversight is a critical factor in my broker selection process. The fact that IFX’s licenses from both the FCA and the DFSA are not currently active makes it extremely difficult for me to trust the operational transparency or client protections supposedly in place. Moreover, there are warning indicators about a suspicious scope of business and high potential risk associated with IFX. Reliable regulatory supervision helps ensure accountability, dispute resolution, and safeguarding of client funds. Without current, verified oversight from respected financial authorities like the FCA or DFSA, I cannot, in good faith, consider IFX to be adequately regulated for my trading needs. I would proceed with significant caution here, and those seeking safety for their capital should be aware of these considerable gaps in oversight.