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IDFPOWER

Operating status: SCAM

Website: http://www.idfpower.website/

Broker violations and abnormal records
  • Apr 23, 2022 BrokersView has reviewed that IDFPOWER is an Unregulated Forex Broker

    IDFPOWER shows its office address is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results to IDFPOWER in FCA. That means IDFPOWER is not an approved broker to offer financial services and products in the UK.

    Besides, IDFPOWER claims it has MSB registration in the Financial Crimes Enforcement Network (FinCEN). However, FinCEN is only a bureau of the United States Department of the Treasury that collects and analyzes information about financial transactions to combat domestic and international money laundering, terrorist financing, and other financial crimes. That means FinCEN is not a financial regulator that approves licenses for forex brokers.

    What's more, IDFPOWER claims it has regulation in the US National Futures Association (NFA) with an NFA ID: 0547365. We do find a match result to IDFPOWER in NFA, but the result shows this broker is not under valid regulation by NFA as it is not an NFA member. That means IDFPOWER is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

    IDFPOWER shows its office address is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. However, we did not find any match results to IDFPOWER in FCA. That means IDFPOWER is not an approved broker to offer financial services and products in the UK.Besides, IDFPOWER claims it has MSB registration in the Financial Crimes Enforcement Network (FinCEN). However, FinCEN is only a bureau of the United States Department of the Treasury that collects and analyzes information about financial transactions to combat domestic and international money laundering, terrorist financing, and other financial crimes. That means FinCEN is not a financial regulator that approves licenses for forex brokers.What's more, IDFPOWER claims it has regulation in the US National Futures Association (NFA) with an NFA ID: 0547365. We do find a match result to IDFPOWER in NFA, but the result shows this broker is not under valid regulation by NFA as it is not an NFA member. That means IDFPOWER is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.
  • Sep 25, 2022 BrokersView has found that IDFPOWER is not working

    BrokersView found the domain http://www.idfpower.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain http://www.idfpower.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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