General Information
IDS International Ltd has a firm claim that it is registered in Saint Vincent and the Grenadines as a fully incorporated company. This claim completely undermines the fact that Saint Vincent and the Grenadines do not have an FX regulator, and are close to devoid of any FX legislation, allowing scammer brokers to run rampant on its territory.
Market Instruments
IDS International claims to provide numerous trading instruments including 60+ forex currency pairs, precious metals, oil and gas, and index CFDs.
Leverage & Spreads
IDS International has no specific disclosures regarding the leverage and spread. According to the website, the minimum spread can be as low as 0.1, but the authenticity is debatable.
Trading Platform
IDS International provides access to the Metatrader4 (MT4) – a platform that is generally considered one of the best available. In this case, however, we dont recommend it – simply because IDS International cannot be trusted. We would better suggest sticking with legit MetaTrader4 brokers instead.
Restricted Areas
IDS International does not offer its services to residents of certain jurisdictions such as the United States of America, Cuba, Iran, Sudan, Syria and North Korea. And its website is available in English, Chinese, and Indonesian.
Risk Warning
The number of the complaints received by WikiFX has reached 21 for this broker in the past 3 months. This broker has been verified to be illegal and all of its licenses have been expired. Also, it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk and the potential scam!
