IDealTrade Broker Review

Our first impression of IDealTrade’s website was that it was a trustworthy broker. There’s an excellent choice of trading instruments, and the broker is Austrian-based. There are, however, some things that are not as good as they seem. Find out everything you need to know about IDealTrade by reading our review.

Please read our updated scam broker reviews for Swapnex, AceInvesting Broker, and Aurora Coins.

1. Scam Broker Status: Unregulated
2. Forex Provider Unlicensed / Unregulated
3. Websites of scammers: idealtrade.co
4. Forex Trading Scam: Active
5. Scam listed by: N/A
6. Ownership of the broker: N/A
7. Country of headquarters: Austria (allegedly)
8. Date of Foundation: N/A
9. Platform: WebTrader
10. Trade on the go: Available
11. Deposit requirement: $5,000
12. Bonus for deposits: Available
13. Trading Crypto: Available
14. Trading CFDs: Yes, you can trade them Ds
15. Instruments traded: FX, commodities, indices, shares, cryptocurrencies.
16. Leverage maximum: 1:1000
17. Account type Islamic: Not available
18. Demo Account: No, only live accounts are available
19. US traders are not accepted: US traders are not accepted.
20. This broker is a scam: Don’t invest in it!

Is IDealTrade a Regulated Forex Provider?

The first thing that stands out about IDealTrade is its regulation. Despite the broker’s claim to be based in Austria, it does not list a company owner. Considering Austria is in the Tier1 zone, and FMA is regarded as one of the most strict regulators, we ran a check for IDealTrade. The investment firm is neither registered as a business nor regulated.

We came to the same conclusion after reviewing the regulators of other EU countries, such as FINMA, CONSOB, and CMVM. The unregulated IDealTrade Forex brand is a scam.

Where Is IDealTrade Trading Scam Active?

So, here are some of the main areas of IDealTrade’s trading scam:

• Czech Republic
• Poland
• UK
• Slovakia
• Switzerland

IDealTrade: A Trustworthy Broker or a Scam?

The brokerage IDealTrade is a scam. According to the company, it is based in Austria but is not regulated by the FMA. It’s impossible to reach the firm by phone or email. The conclusion we can draw from all this is that IDealTrade shouldn’t be trusted.

How Does This Scam Broker Contact Victims?

IDealTrade and similar online cyber-frauds contact their victims in a variety of ways. For instance, various promotions and financial offers will be sent by email. Furthermore, they will use different phone numbers to contact you. 

The scammers always find a way to reach you no matter how often you block their calls. If you have signed up with another firm, IDealTrade can still contact you. A scam broker sells data between victims, increasing the number of victims.

Those who have never traded online can be approached via social media, such as Facebook and Instagram. Scammers can create fake profiles to advertise their brand and share success stories. It is best not to trust anything that sounds too good to be true.

What can IDealTrade scam victims do? – Start the chargeback process

The time has come for you or someone close to you to file a complaint about the IDealTrade scam. We have extensive experience dealing with scammers and know how to exploit their weaknesses to recover your money.

So, let’s start the refund process as soon as possible before this broker disappears like many others. The importance of time cannot be overstated. Now is the time to act.