iDealing.com
Pros and Cons
Pros
- Regulated by FCA in the UK
- Over 20 years of operational experience
- Diverse trading instruments including CFDs, currencies, options, equities, and bonds
- Proprietary trading platform available for web and mobile
- Competitive fee structure with transparent pricing
Cons
- No demo accounts available
- Not supported by MT4 or MT5
- Limited transparency in trading conditions
- No physical office presence
- Account-specific fees charged
Basic Information
User Reviews
iDealing.com Overview
iDealing.com, established in 1999 and headquartered in the United Kingdom, is a reputable forex broker regulated by the Financial Conduct Authority (FCA) under license number 191660. With over two decades of experience in the financial markets, iDealing.com has built a solid foundation, offering traders a variety of financial products while adhering to strict regulatory standards, ensuring a level of trust and security for its clients. The broker’s longstanding presence in the industry underscores its commitment to compliance and reliability, making it a viable choice for both novice and experienced traders alike.
The broker provides a diverse range of trading instruments, including forex, CFDs, equities, and options. iDealing.com features its proprietary trading platform, which is designed for ease of use across web and mobile devices, although it does not support popular platforms like MetaTrader 4 or 5. Customer support is available through various channels, including email and phone, ensuring assistance is readily accessible. iDealing.com differentiates itself with competitive pricing structures and a transparent fee policy, making it an attractive option for traders seeking to manage their trading costs effectively. Overall, the broker’s robust regulatory framework and comprehensive trading offerings position it as a credible player in the forex trading landscape.
Is iDealing.com Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Conduct Authority (FCA) | United Kingdom | Segregated Funds, Investor Compensation Scheme |
Is iDealing.com Regulated and How Are Client Funds Protected?
iDealing.com is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, which is known for its stringent regulatory framework. Client funds are protected through several mechanisms, including the segregation of client funds from the company’s operational funds, ensuring that in the event of financial difficulties, clients’ funds remain protected. Moreover, the FCA operates an Investor Compensation Scheme, which provides additional safety to investors if the broker is unable to meet its financial obligations. With over 20 years of operation, iDealing.com has established a solid reputation in the financial industry, making it a legitimate choice for traders seeking a safe and regulated trading environment.
Trading Products and Services
What trading instruments does iDealing.com offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Varies |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Many |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Varies |
iDealing.com offers a diverse range of trading instruments, catering to both novice and experienced traders. With options spanning various asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies, traders can build a well-rounded portfolio. This extensive selection enables users to develop flexible trading strategies tailored to their individual goals, whether they focus on short-term trading or long-term investments. The availability of multiple asset types not only enhances diversification but also helps mitigate risks associated with market fluctuations, making iDealing.com a valuable platform for all types of traders seeking to navigate different markets effectively.
Account Types and Trading Conditions
What Account Types and Fees Does iDealing.com Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginner to intermediate traders | Low spreads, user-friendly platform | Suitable for small-capital practice |
| Professional Account | Experienced traders | Higher leverage, tailored services | Requires minimum trading volume qualifications |
| Corporate Account | Corporate clients | Customizable trading solutions | Requires corporate documentation |
| Islamic Account | Clients seeking swap-free trading | Compliant with Sharia law | Available upon request |
| Demo Account | Traders wanting to practice | Simulated trading environment | No real funds involved |
Account Opening Process
To open an account with iDealing.com, prospective clients must complete several steps. Initially, applicants will need to provide personal information, employment details, and financial status. This includes submitting identity verification documents such as a government-issued ID and proof of address (e.g., utility bill). It is important to note that users can upgrade their account to a professional status at a later stage, subject to meeting specific trading volume requirements.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive spreads |
| CFDs (stocks) | 0.5% | £4.99 per trade | Standard commission applies |
| CFDs (indices) | 0.8% | £4.99 per trade | Varied by index |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
In addition to trading fees, iDealing.com has several other costs to be aware of. These include potential deposit and withdrawal fees, which may vary based on the funding method used. The platform may also impose inactivity fees if an account remains dormant for an extended period. Additionally, users should consider overnight interest charges (swap rates) applied to positions held overnight, as well as any currency conversion fees that might arise from trading in multiple currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does iDealing.com Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| iDealer Dashboard | Web (Windows, macOS) | Encryption, multiple order types, price alerts, technical indicators | API interface |
| iDealing App | Mobile (iOS, Android) | Biometric login, push notifications, order management | No demo accounts |
The iDealer Dashboard provides a comprehensive trading experience suitable for users on desktop platforms, featuring robust security and a variety of trading tools. The iDealing App offers on-the-go access, ensuring traders can manage their accounts and receive alerts in real-time, enhancing mobile trading convenience. Both platforms emphasize secure logins and efficient order execution to support traders effectively.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1-2 business days | No platform fee, €1 flat fee | Min €100, Max €25,000/day | EUR, USD |
| GrabPay | Instant | No platform fee, 2% transaction charge | Min $50, Max $5,000/day | SGD, USD |
| SPEI | Instant | No platform fee, 1.5% charge for < $1,000 | Min $100, Max $10,000/day | MXN, USD |
| International Wire Transfer | 3-5 business days | No platform fee, $25 bank fee | Min $200, Max $50,000/day | USD, EUR |
Minimum Deposit
iDealing.com requires a minimum deposit of $100 to open a trading account. This amount remains consistent across all payment methods. However, certain account types may have higher minimums based on their specific features and benefits.
How to Withdraw
- Log into your iDealing.com account.
- Navigate to the ‘Withdrawal’ section in the main menu.
- Select your preferred payment method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the limits specified.
- Confirm your withdrawal request. You may need to verify your identity.
- Wait for your withdrawal to be processed according to the specified timing for your selected payment method.
Customer Support
iDealing.com Customer Support Overview
Support Channels
iDealing.com offers multiple support channels to assist customers effectively. Clients can reach out through:
- Email: Customers can send their inquiries to admin@idealing.com, where the support team is ready to provide assistance.
- Live Chat: Available directly on their website, live chat offers instant responses to customer queries.
- Telephone: For immediate assistance, clients can contact iDealing.com at +44 020 3500 7462.
- Social Media: iDealing.com is active on platforms like Facebook, where users can also seek help and updates.
Service Availability
The customer support team at iDealing.com is available for assistance from Monday to Friday, ensuring clients receive help during key trading hours. While specific hours may vary, they typically offer support during standard business hours in the UK. Additionally, iDealing.com provides multilingual support, catering to a diverse clientele, with services available in English and other languages.
Additional Resources
iDealing.com enhances its customer service with educational resources including:
- Video Tutorials: Detailed guides that help users navigate the platform.
- Webinars: Live sessions covering trading strategies and market analysis.
- Market Analysis: Regular insights that assist traders in making informed decisions.
- Trading Signals: Services that provide alerts for potential trading opportunities.
Overall, iDealing.com prioritizes customer support, striving to provide efficient and responsive service to help users navigate their trading experience successfully.
Frequently Asked Questions
Yes, iDealing.com is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. This regulatory oversight ensures that the broker adheres to strict compliance standards, providing a level of security for clients.
iDealing.com offers a competitive fee structure with a basic trading commission of £4.99. However, specific details regarding minimum deposits, spreads, and leverage are not publicly disclosed. Clients can trade various financial instruments, including CFDs, currencies, options, equities, bonds, and ETFs.
Client funds at iDealing.com are kept in segregated accounts, which means they are held separately from the company’s operational funds. This practice enhances the security of your investments. Additionally, as an FCA-regulated entity, iDealing.com is subject to stringent rules concerning fund protection.
iDealing.com offers robust customer support that is accessible via phone, email, and live chat. Their support team is known for being responsive and helpful, assisting clients with a variety of inquiries to enhance their trading experience.
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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.