IkasFX
We checked IkasFX against the AskCheck register. It has been reported (2025) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
IkasFX claims to be operated by Ikas Forex Ltd, a company registered in Dominica, regulated by the Financial Service Unit (FSU) of Dominica. However, upon investigation, IkasFX is not directly licensed or supervised by the FSU. Instead, it asserts that it falls under indirect oversight through a third party, Financial Master Management Ltd, which is described as an Authorised Forex and PSP License Issuer approved by the FSU. This arrangement is highly unusual and lacks transparency. Notably, we were unable to find any reference to Ikas Forex Ltd on the official website or records of Financial Master Management Ltd. Moreover, the FSU itself is an offshore regulator with limited enforcement power and international recognition. Therefore, we consider IkasFX as a potential scam broker.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report IkasFX.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.