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Company Name
IBKR VIP limited
Company Abbreviation
IBKR VIP limited
Platform registered country and region
China
Company website
Company summary
Pyramid scheme complaint
Expose
Note:IBKR VIP limited's official website: https://pc.ibkrviplimited.cc is currently inaccessible normally.
IBKR VIP limited Information
IBKR VIP limited was started on Sep5, 2023 but one fact that should not be neglected is that the company operates under no valid regulation and has an inaccessible website. Coupled with complete lack of transparency and customer service channels, the company is totally not trustworthy.
Is IBKR VIP limited Legit？
The broker operates without any valid supervision from any regulatory authorities. Legitimacy and credibility can't be guaranteeded. By contrast, regulated brokers usually adhere to strict industry standards to protect customer funds.
Downsides of IBKR VIP limited
Unavailable website: IBKR VIP limited's website cannot be opened currently. No reliable broker will behave like this.
Lack of transparency: The unavailable website and limited info through internet about the company leave traders in the dark about its current operational status and trading conditions.
Regulatory concerns: The absence of regulatory supervision means less customer protection, leaving investor funds at risk.
Several negative customer reviews: 4 cases of scam and withdrawal issues were reported on WikiFX. It indicates that the company might be a scam broker.
Customer service channels missing: The broker does not provide any customer service channels. If you encounter some problems, you will have no way to get in touch with them.
Negative IBKR VIP limited Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there are 4 piece of IBKR VIP limited exposure in total, I will introduce 2 of them as below:
Exposure 1. Scam
| Classification | Scam |
| Date | 2024-05-23 |
| Post Country | Hong Kong |
The user said that the company place random orders, quickly drain his account balance and cut off contact channels.
Exposure 2. Withdrawal issues
| Classification | Withdrawal issues |
| Date | 2024-05-21 |
| Post Country | Vietnam |
A Vietnamese investor reported that he is not allowed to withdraw his money unless he pays an additional VIP fee of $88,888.
Conclusion
All in all, you'll put your funds in great danger if you decide to trade IBKR VIP limited, not only because of its unregulated status, but also due to exposures of scam and withdrawal difficulties. Furthermore, complete lack of customer service channels cut you off with the broker when you encounter problems during trading.
Therefore, choosing regulated and reputable alternatives is wise choice.
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