iDealing.com
Basic Information
Pros and Cons
Pros
- Regulated by FCA in the UK
- Over 20 years of operational experience
- Competitive fee structure
- Responsive customer service
- Multiple tradable instruments available
Cons
- Lack of transparency in trading fees
- No physical office presence
- Platform complexity
- Withdrawal processing time concerns
- No demo account offered
Is iDealing.com Safe and Legit?
iDealing.com, registered in the United Kingdom since 1999, boasts over 20 years of operational experience. The broker offers a range of tradable instruments, including CFDs, currencies, options, equities, bonds, and ETFs, supported by its proprietary trading platform. Key trading conditions include competitive fees with a basic trading commission of £4.99, although the details on leverage and spreads are less transparent.
iDealing.com is regulated by the Financial Conduct Authority (FCA) in the UK, which provides a level of safety and legal assurance for its operations. However, the broker’s lack of a physical office and mixed user reviews raise some concerns about its overall safety.
In terms of market reputation, iDealing.com has received a mix of evaluations. Users generally appreciate the competitive fee structure and responsive customer service, while some express concerns about the platform’s complexity and lack of essential information. Withdrawal processing times and transparency around trading fees have also been points of contention, indicating areas for improvement in user experience.
Is iDealing.com a Regulated Broker?
What Are the Regulatory Licenses Held by iDealing.com?
iDealing.com is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, which enhances its credibility and provides a level of legal assurance for its operations. This regulation indicates that iDealing.com adheres to the standards set forth by the FCA, ensuring a certain level of safety and compliance in its trading practices. However, there are no additional offshore licenses held by the broker, which may limit its regulatory oversight in certain jurisdictions.
| Regulator Abbreviation | Full Name of Regulator | Regulated Company Entity | Regulatory Status | License Number |
|---|---|---|---|---|
| FCA | Financial Conduct Authority | iDealing.com Limited | Active | 191660 |
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
iDealing.com prioritizes the security of client funds by holding them in independently regulated bank accounts, separate from the broker’s own assets. This segregation of funds is in line with the Financial Conduct Authority (FCA) regulations, ensuring a higher level of protection for traders’ investments. Additionally, while iDealing.com does not participate in investor compensation funds, the FCA provides regulatory oversight that contributes to the safety of client deposits in the UK.
iDealing.com Leverage
iDealing.com offers leverage options that vary by product category and client classification. The broker adheres to local regulatory requirements set by the FCA, ensuring that the leverage provided complies with the legal limits for retail and professional clients. Specific details on leverage multiples for standard and professional accounts are not disclosed, maintaining a level of ambiguity in this aspect of their trading conditions.
iDealing.com Withdrawal Review
How to Contact iDealing.com?
iDealing.com has received mixed reviews from users, with complaints primarily focused on withdrawal processing times and the platform’s complexity. While some users commend the competitive fee structure and customer service, others express dissatisfaction with the lack of transparency surrounding trading fees. Notably, there are concerns about the broker’s operational safety due to the absence of a physical office. Despite these issues, no significant public complaints or regulatory penalties have been documented, suggesting a low volume of complaints overall. The regulatory oversight by the FCA adds a layer of legitimacy to the broker’s operations.
Frequently Asked Questions
A1: Yes, iDealing.com is a legitimate broker regulated by the Financial Conduct Authority (FCA) in the United Kingdom, which enhances its credibility and ensures compliance with regulatory standards. However, the lack of a physical office may raise some concerns among users.
A2: iDealing.com prioritizes client fund security by holding client funds in independently regulated bank accounts, separate from its own assets, as required by FCA regulations. This segregation of funds provides an added layer of protection for traders’ investments.
A3: User reviews of iDealing.com indicate mixed experiences regarding withdrawal processing times, with some users expressing concerns about delays. Despite this, no significant public complaints have been documented, suggesting that issues may vary among individual traders.
A4: You can contact iDealing.com for support via email at admin@idealing.com or by phone at +44 020 3500 7462. Users have reported that the customer service team is responsive and helpful in addressing inquiries.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.