International Offshore Financial Markets Regulators (IOFMR) has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". fake regulator This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: iofmr.com.
I found International Offshore Financial Markets Regulators (IOFMR) after a friend recommended them and the initial impression was positive. But for over a year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Real-time alerts|Clean UI|No hidden fees|Tax reports included
Cons: No dark mode on mobile
International Offshore Financial Markets Regulators (IOFMR) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Intuitive for beginners|Responsive team
Cons: None so far
I opened an account with International Offshore Financial Markets Regulators (IOFMR) since I opened my account last year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Regular updates|Customizable dashboard|Multi-currency support|Multiple order types
Cons: Limited social trading features
I experienced a security concern with my International Offshore Financial Markets Regulators (IOFMR) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Portfolio tracking tools|Customizable dashboard|Demo account available|Automated trading options
Cons: Search feature is basic|Minor UI glitches occasionally
International Offshore Financial Markets Regulators (IOFMR) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Dedicated account manager|Competitive fees|Customizable dashboard|Automated trading options
Cons: No integrated tax optimization|No live chat on mobile
I wanted to transfer my portfolio from another broker to International Offshore Financial Markets Regulators (IOFMR). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Real-time alerts|Clean UI
Cons: Limited ETF selection
The hidden fees at International Offshore Financial Markets Regulators (IOFMR) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Regular updates|Market news feed
Cons: Live chat only during business hours|Search feature is basic
After for a few weeks now with International Offshore Financial Markets Regulators (IOFMR) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Quick verification|Full transparency|Wide product range|Fast execution
Cons: Mobile app could be improved