Ideal Global Trading Review (2023)

Is Ideal Global Trading a scam or a legit broker?

Ideal Global Trading is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.

Ideal Global Trading is a Forex and CFDs broker. The Company’s major services involve providing clients with up-to-the-minute quotes and market information on several investment products such as foreign exchange, precious metals and crude oil. The company is owned and operated by Ideal Global Trading Limited. The broker claims to be located in New York, USA and regulated by the National Futures Association (NFA). According to the website, the business scope covers many countries and regions in the world such as the United States, Australia, New Zealand, Singapore, Shanghai, Hong Kong and Taiwan. However, we have checked broker’s license in the NFA’s register and it doesn’t seem like the company is registered to provide the services it claims on the website. Ideal Global Trading Limited is registered as an Exempt Commodity Pool Operator, which is not an actual NFA-regulated broker.

Conclusion

Financial regulation is one of the most important factors when choosing a forex broker (Find the list of top 10 forex brokers in the world here). Those brokers who are not overseen by any regulator are not obliged to follow the general rules or meet the financial requirements. The most dangerous part is that such brokers can accept deposits without providing access to any financial markets. Therefore, the clients will not be able to control their funds or withdraw them. Our best advice is to invest only with reputable well-regulated brokers. Here you can check the list of companies, licensed to provide forex trading in the UK.