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iPromarkets -

Score

1.49 /10
Danger

iPromarkets

Cyprus

2-5 years

Suspicious Regulatory License

High potential risk

https://ipromarkets.com

Influence

C

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Comparison

Quantity 5

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.83

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ES CNMV
2024-08-05
CNMV ISSUES WARNING TO THE PUBLIC ON UNREGISTERED FIRM
iPromarkets

Broker Information

More

Company Name

Paxton Trade Limited

Company Abbreviation

iPromarkets

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

5 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Scam

You can't withdraw after deposit.

FX2353456942
2020-10-19 18:08
Others

Beware of Anna Neguyen

I was invited to open an account by a girl who said she was an technical expert and mastered accounting. I deposited $15,000 but my money was gone. So I called the police.

FX2716765292
2020-09-01 11:03
Scam

I lost my money

It only cost $10 for me to enter the broker, but they do not want to return anything to me. An agent that was supposedly false but promised those things and I ended up losing that

FX4017072215
2022-03-20 06:52
Unable to Withdraw

Scam

I opened an account with a broker’s guidance in March. But I can’t withdrew. They told me to wait, but it’s August now. They gave me the same answer again and no other new information. I was offered stock advisor by iPromarkets, who induced me to fall into this trap. And there were a lot of problems when I want to withdraw. Stay away from it.

FX2716765292
2020-09-01 00:05
Others

100% honest broker

I have had my money at IPROMARKETS for 1 year and a half and I have never had a problem! It's a serious broker with exceptional and attentive professionals! It was the best broker I've ever had. My private analyst provides me news about the market every day. Today, I have an average of 20% profit in conservatively months. I've worked boldly and made 50%. Of course, when something unforeseen happens, it can result in a loss, but nothing that has no solution. I had bought shares from FACEBOOK and when Whatsapp and Instagram were quit, the shares plummeted and I had a small loss. It was something that could not be predicted as my own expert commented. To recover my losses, the analyst made a plan where we bought Dividends and airlines. I trusted his work and I RECOVERED MY CAPITAL AND I STILL HAD PROFIT. This market is like that. Today, I make small withdrawals every 15 days +or- . I only came to write this because I think it is unfair that some people who had a bad experience with the market and came to defame the broker. Me and my family trust and recommend this broker !!!!

FX2724247426
2021-11-30 05:33
iPromarkets · Company summary
basic-info

General Information

Established in 2020, iPromarkets is an online forex broker registered in Cyprus, offering trading services on a series of trading instruments, such as Stocks, Commodities, Indices, Bonds. With the iPromarkets platform, three trading accounts are available, as well as a demo account.

iPromarkets claims that it is a registered brand of Trinity Capital LLC, and is licensed by Finnancial Services Authorities of St Vincent and the Grenadines with authorization number 450 LLC 2022.

Is iPromarkets safe to trade with？

When it comes to regulation, iPromarkets obviously disappoints us. It has been verified that this broker is not authorized or regulated by any regulatory authorities, and thats why its regulatory status is marked as “No License” and it got a very low score of 1.36/10 on the WikiFX website.

Trading with an unregulated forex broker is a surefire way to lose your money. Before you decide which forex broker to use, come to check out its regulatory information on WikiFX.

wikifx

Negative Reviews

Some traders shared their terrible trading experience with iPromarkets, and complaint that iPromarkets is totally a cam, eating their deposited funds, rejecting their withdrawal requests.

So, checking out reviews left by real traders is a good idea for traders to judge a forex broker from a fuller picture.

For more detailed customer reviews, please come to WikiFX.

negative-reviews

Market Instruments

With theiPromarkets platform, four classes of trading assets are available: Indices, Stocks, Bonds and Cryptocurrencies.

Instruments

Account Types

Aside from demo accounts, three live trading accounts are available on the iPromarkets platform, namely Standard, VIP, Platinum accounts.

The minimum initial deposit required by each account seems quite high compared to its peers requirements. To open a Standard account, the most basic one, you need to fund at least $3000, too much for regular traders to afford.

The VIP and Platinum accounts asks for more, from $10,000, and $25,000 respectively.

account-types

Leverage

No trading leverage information is mentioned. Since leverage can magnify gains as well as losses, it is important for traders to choose the proper amount that they feel most at ease.

Spreads & Commissions

Weirdly, iPromarkets does not disclose its spreads and commissions charged.

Trading Platform

When it comes to trading platform, iPromarkets provides its clients access to the leading MT4 trading platform that can be accessed on Web, Desktop and Mobile devices.

MT4 is among the most popular trading platform around the world, featuring powerful charting tools, multiple technical indicators, and more.

Some features and functionalities of the MT4 trading platform include:

  • Easy Access

  • Intuitive interface

  • Technical Analysis

  • Fully Configurable

  • EA supported

Deposit & Withdrawal

The homepage of IPromarkets official website displays logos of some payment processors, including VISA, MasterCard, Airtel Monet, MTN, Tigo Pesa. We have no idea if these payment options can be truly worked.

deposit- withdrawal

Customer Support

Traders with any inquiries or trading-related issues can reach out to this broker through telephone and email. Here are contact details:

Telephone:+357 25 262652 (English), +61 870 783 607 (English), +420 704 917 479 (Vietnamese)

Email: support@ipromarkets.com

Whatsapp: 420 704 917 479

Risk Warning

Forex and CFD are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when forex and CFD trading with this provider. You should consider whether you can afford to take the high risk of losing your money.

Please note that the information presented in this article is intended solely for reference.

User Reviews

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User comment

3

Comments

Write a review

空。格
more than one year
Their demo account experience was quite good. The trading platform was easy to use, and I had a good feel for the market while using it. I was able to execute trades without any issues and had no problems with the platform's stability. As a result, I am considering opening a live account with them. However, I cannot speak to the quality of their live trading environment and execution of trades. I will share it later.
Their demo account experience was quite good. The trading platform was easy to use, and I had a good feel for the market while using it. I was able to execute trades without any issues and had no problems with the platform's stability. As a result, I am considering opening a live account with them. However, I cannot speak to the quality of their live trading environment and execution of trades. I will share it later.
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2023-03-22 12:04
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FX1297282991
more than one year
Don't listen to all these people that say that this company is a scam. Their customer services are super helpful and they will chat windows and everything seems to work great. There are just too many haters drinking iPromarkets.
Don't listen to all these people that say that this company is a scam. Their customer services are super helpful and they will chat windows and everything seems to work great. There are just too many haters drinking iPromarkets.
Translate to English
2023-03-03 14:03
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5