Brokers  /  IFX Markets

IFX Markets

Severe risk
🇳🇿 New Zealand · 5-10 years · since 2019-05-13 · City Index Australia Pty Ltd
Independent ratingshow third parties score this broker
WikiFX1.58/10
Trustpilot/5
Forex Peace Army/5
85
Severe risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Listed as “Clone Firm” in industry watchdog records
  • Identified as a clone / impersonator firm
  • 4 user exposure/complaint reports filed
  • Withdrawal complaints in ~175% of recent reviews
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing9735%
Company age2215%
Clone / impersonation10012%
Withdrawal & exposure complaints9012%
Offshore registration458%
Transparency (site/info/social)7510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameCity Index Australia Pty Ltd
Headquarters🇳🇿 New Zealand
Founded2019-05-13
Years operating5-10 years
Employees0
Official website
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments

Regulation & licenses · 2

RegulatorLicense typeLicense No.RegionStatus
ASICMarket Making (MM)345646Australia
FCAMarket Making (MM)113942United Kingdom

Review analysis AI

Across 4 recent Trustpilot reviews, 100% are 1–2 star. The single most common complaint is being unable to withdraw funds (7 reports) — the classic warning sign in forex.

0
Period:
What users complain about
Where reviewers are from
Hong Kong4

Real user reviews

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About IFX Markets

IFX Markets is a forex and CFD broker based in New Zealand, with records dating to 2019-05-13. It reports oversight from ASIC, FCA.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

Overview compiled by FXCanary from regulatory records and public data. full IFX Markets review