IEXSpro is a forex broker registered in 2024, headquartered in Australia, mainly providing investors with trading services in forex, indexes, precious metals, energy, and cryptocurrencies. IEXSpro has branches in the United States, the United Kingdom, and Canada, and claims to hold a regulatory license from the Australian Securities and Investments Commission (ASIC).
Corporate Background:
IEXSpro is an emerging broker registered in Australia, with a very short establishment period. The official website domain of IEXSpro was registered on February 14, 2024, which is less than a month ago. The specific company entity, registration address, and office address of this broker are currently unclear.
IEXSpro claims on its official website to be regulated by the Australian Securities and Investments Commission (ASIC), holding ASIC's regulatory license 488828. However, according to ASIC's search results, IEXSpro itself does not appear in ASIC's regulatory records, and the entity holding the regulatory license is STAR FUNDS MANAGEMENT PTY LTD, therefore, the broker is currently not under effective regulation.
As a newly established broker, IEXSpro's company development is not stable yet. However, since it is not regulated by any regulatory authority, investors need to pay special attention to potential risks when dealing with the company. It is recommended that investors conduct thorough research and evaluation before trading, and be cautious about their trading activities with the company.
Trading Software:
IEXSpro offers a proprietary trading platform named IEXSpro ST5, which is only available for mobile download. The platform supports the opening of real and demo accounts, allowing users to choose between virtual trading or actual trading according to their needs. However, there is no supporting company behind this trading platform, which might pose certain trading risks.
How to Open an Account?
For opening an account with IEXSpro, users can visit its official website and click the "Register" button to start the registration process. The registration page will ask for personal information, where just an email address is needed. The broker will send a verification code via email, after which users can log in. After logging into the trading platform, customers can perform deposit and withdrawal operations and start trading. Due to policy reasons, the broker does not provide services to North Korea, Israel, China, Vanuatu, and Cuba.
Account Types:
The IEXSpro official website does not mention information related to trading accounts. According to its FAQ page, the broker claims to offer floating spreads, trading leverage from 1:100 to 1:500, but has not disclosed specific details such as the minimum deposit, trading commission, margin call level, stop-out level, and minimum trade volume.
Website Design:
The website design of IEXSpro is highly similar to those of TAU Limited, RIVER, BCC Markets Limited, SV Markets, ABHKFX, DEOASIS PTY LIMITED, and several other brokers, suggesting the possible use of the same or similar website templates. Therefore, investors still need to conduct thorough due diligence and research when choosing a trading platform, to ensure that the selected platform meets their needs and expectations, and to be aware of potential risks.
Customer Support:
IEXSpro only supports contact via email. Customers can send emails to support@iexsfin.com to get in further contact with the broker. However, aside from email, IEXSpro currently lacks other contact methods, such as a telephone hotline or online support services.
Partners:
IEXSpro claims to have a partnership with the well-known financial services company Goldman Sachs. Goldman Sachs is a globally recognized financial services company headquartered in New York City, famous for providing investment banking, securities, and investment management services. However, it's important to note that this claim has not been verified by relevant institutions, and there may be potential for false advertising.
Conclusion:
IEXSpro is a new Australian forex broker, but it lacks transparency and regulation, raising doubts about its credibility among investors. The broker uses a proprietary trading platform, which carries certain trading risks. Moreover, IEXSpro's official website is highly similar in web design to those of ABHKFX, DEOASIS LIMITED, VLC Trade LLC, OBV Trade MT5, and other brokers, possibly using the same set of templates for its construction. Considering the safety of investor's funds, it is advisable to stay away from this platform to avoid unnecessary losses.
Currently, IEXSpro is marked as "suspected fraud" on Traderknows.
