ManCu IFC is a Contract for Difference (CFD) broker registered on June 9, 2024, primarily offering trading services in forex, precious metals, crude oil, indices, and cryptocurrencies to retail and institutional clients. This broker does not provide services to jurisdictions where doing so would violate local laws or regulations.
Business Registration Information and Regulatory Status:
According to publicly available information on its website (mancuifcltd.com), ManCu IFC is headquartered in London, UK, and is one of the top 50 financial services companies in the UK. However, the broker does not provide detailed company registration information or regulatory information on its website.
Upon verification, neither Companies House nor the Financial Conduct Authority (FCA) in the UK have a registered company named ManCu IFC. Therefore, ManCu IFC (mancuifcltd.com) is, in fact, a fraudulent broker site with no real company entity or regulatory oversight.
Additionally, the website design and content of ManCu IFC are identical to those of other fraudulent broker sites such as prudential-ltd.com, fxdecodefxs, ogm-fx, stockfxmarkets.com, fidelityly, and DOMINANT TREASURY.
Account Opening Process:
To open an account with ManCu IFC, visit their official website, click on "Open Account" on the homepage or at the top right corner of the page, and fill in the required email address and set a login password. The broker will then send a verification code to the provided email address. Enter the verification code into the application form and submit it. Once the application is submitted, the account will be successfully registered. Additional identity verification is required to deposit and trade.
Trading Account Information:
The ManCu IFC website only provides information on spreads, trading leverage, and contract sizes. Information on account types, trading commissions, minimum/maximum trade sizes, maximum positions/orders, margin call/stop levels, and minimum price accuracy is not disclosed.
- Spreads: Floating spreads starting from 1 pip
- Trading Leverage: 1:100
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
ManCu IFC claims to offer the ST5 trading platform to users, available on both desktop and mobile. The platform features over 50 technical indicators and intraday analysis tools, and includes functions for advanced traders.
Deposits and Withdrawals:
ManCu IFC does not explicitly disclose the methods, fees, or minimum amounts for deposits and withdrawals on its website.
Summary:
Traderknows reminds investors that ManCu IFC is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. The website design and content are the same as other fraudulent broker websites like prudential-ltd.com, fxdecodefxs, ogm-fx, stockfxmarkets.com, fidelityly, and DOMINANT TREASURY. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
