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As a seasoned trader, I have learned to put regulatory status and platform reliability at the top of my risk assessment list. What immediately stands out about IFIC Bank is its clear lack of any regulatory oversight. In my experience, this is a serious red flag; without regulation, there is no external authority ensuring client fund protection, fair dealing practices, or proper dispute resolution. This means, should any issues arise—such as sudden platform outages, withdrawal problems, or unfair trading conditions—there is very little recourse for the investor. Additionally, I’ve noted that IFIC Bank’s primary offerings are savings and deposit products, not traditional forex or CFD trading venues. Their digital banking app is the main platform, so if you’re accustomed to purpose-built trading platforms with established track records, this might be a considerable adjustment. Even among its own users, I saw reports of server freezes and poor customer support, which for me introduces another critical layer of operational risk, especially during volatile market moments when timely execution is crucial. Lastly, despite competitive fixed deposit and savings rates, these do not offset the risks associated with being unregulated, especially when personal capital is at stake. For me, trusting a broker with my money always hinges on transparency, accountability, and robust external supervision—qualities I find missing here. I would be highly cautious and only consider IFIC Bank for basic banking, not for serious trading activities.