IDFPOWER Review 2024 – Is IDFPOWER legit or a scam?
Note: Report Scam Community has conducted much research before flagging IDFPOWER as a possible scam in this IDFPOWER Review.
Is IDFPOWER a scam or legit?
IDFPOWER is an offshore or unreliable broker that is not regulated by any reputed regulation authority in its region. This broker offers trading and investment services in many countries without having a license from any regulatory authority in its country like CySec, ASIC, FCA, CNMV, etc. The broker got many Complaints and negative IDFPOWER reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker.
Website – http://www.idfpower.site/
Address – Unit G1, Capital House 61 Amhurst Road, London, E8 1LL,United Kingdom
Warned By – Not Recommended By Review Website Like Report Scam
Despite IDFPOWER’s attempts to look legit and trustworthy, we can’t disregard the alerts that IDFPOWER giving us. There are many brokers like it, and we can quickly recognize the kind of specialist we are dealing with by stepping into the site. We also reviewed comparative-looking broker sites in our scam brokers 2024 list, the vast majority of them are unlicensed and obscure. Find more about the scam broker in our review list.
IDFPOWER WEALTH LTD, an online forex broker based in the United Kingdom, has emerged in the last 1-2 years, presenting itself as a platform for diverse trading options. Despite its apparent offerings, a critical point of concern is the absence of valid regulation. This regulatory gap exposes traders to potential risks, as regulatory oversight is crucial for ensuring fair practices and safeguarding client interests.
Adding to the apprehension is the abnormal regulatory status of IDFPOWER WEALTH LTD with the United States National Futures Association (NFA). The broker, listed under license number 0547365, is marked as “Unauthorized” by the NFA. This deviation from the norm raises serious doubts about the broker’s legitimacy and trustworthiness. The NFA plays a pivotal role in regulating forex activities, and its designation of IDFPOWER as unauthorized signals a red flag for potential investors.
Traders are strongly advised to exercise caution and conduct thorough due diligence before engaging with IDFPOWER WEALTH LTD. The lack of proper authorization, especially from reputable regulatory bodies, underscores the importance of ensuring the legitimacy of any forex broker to mitigate potential financial risks.
Possible scam activities of scam broker IDFPOWER
Here are some of the very possible reasons why we have flagged this broker as a scam broker in this IDFPOWER review.
- The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
- The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
- The broker may have made several false claims through its website.
- The broker promises returns that are too good to be true.
- The risk warnings may not be disclosed on their webpage or would be hidden.
- The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
- The broker may be located in countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
- This broker provides you with good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.
Negative IDFPOWER Reviews and Complaints
IDFPOWER has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints, and other scam features, we have listed this broker in the list of scam brokers 2024.
Example of Negative IDFPOWER Review
After Searching the internet, you will find many negative IDFPOWER Reviews. Users have frustrations and feel cheated after trading with this broker. ReportScam does not recommend traders to trade with this broker and your funds may not be safe with this broker and IDFPOWER reviews are negative. Instead, we recommend looking for regulated and reputed brokers who can help in growing your investments.
How do you get your lost money back from IDFPOWER?
The best solution recommended for getting your lost money back from IDFPOWER is Report Scam Community.
They are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free Consultation and anyone can register by filling out a very short complaint form.
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Note: The IDFPOWER review written above is influenced by the other IDFPOWER reviews already present on the web. We are not liable for any legal action from the IDFPOWER company. In case of any query please mail us at info@reportscam.tempurl.host.
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