Iv4x Markets, the new kid on the block, or the latest Scam broker?

We have had quite a number of brokers who have been subject to shutdowns and suspensions due to the fraudulent manner they conducted their business. There is of course a list of trusted brokers that you can find on WikiFx, but what is interesting is that a new broker, IV4X markets, sprouted in the market and one has to wonder if this will be a run-of-the-mill scam broker or if it an actual reputable broker with a lot to offer customers. So today we will be looking closely at the broker and what it has to offer.

To trade forex, you need a regulated and verified broker to open your position. This ensures that your broker sticks to a strict manner of conduct and delivers on their withdrawal and bonus promises. To find such a broker I recommend you use WikiFx. The app helps you find the best regulated and verified brokers with the lowest spreads worldwide. They are connected to every broker regulator globally, so if at any point you have an issue with a broker they can help you get your money back.

Who is IV4X Market？

This broker is a brand name of EdgeFx, a Mauritian-based company that is regulated by the Financial Services Commission (FSC), on which you can trade forex, Indices, shares, and cryptos on one account. They arrived in the African market this march so they are relatively new in the game. They offer three account types: the IV4X Standard, the IV4X 100% bonus, and the IV4X Razor with the minimum deposit being $25. They offer a fixed spread of 1.8pips for the first two accounts and a 0.1 pip spread for Razor accounts with a minimum deposit of $1000 dollars.

Because the broker is so new it has little fame and customer trust as the broker is relatively new. Recently the management team of the broker got a shake-up as Andile Mafokeng, aka Andy_Goat, was placed as the new CEO of the brokerage just a few days ago. This move may serve to reinforce its authority and customer trust as he is quite the prominent trader himself. One can only wonder what the partnership will bring about

At the moment we will keep our eyes on the broker as now an incident has been reported concerning the broker, however, the fact that the broker is a brand name of a company that is suspiciously hard to research has me skeptical. The only company under that name is a technology company that is not involved in finance, instead focusing on technology so one can wonder if their claimed regulation is true.

Their website looks good though. Signing up for an account does not take longer than the average brokerage sign-up. The broker is relatively new so we cannot truly judge if this will be an honest broker or the opposite, however, we will keep a close eye on the broker as it grows.