IV Markets – How Real Is It?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
IV Markets - DO NOT TRADE WITH THIS PROVIDER
2.4/10
$100
Minimum Depositupdated 2021
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://www.ivmarkets.com/
Founded: 2019
Regulations: N/A
Languages: English, Chinese, Vietnamese, Filipino, Afrikaans, Indonesian, Spanish, Korean, Portuguese, Malaysian, Thai, Hindi, Nigerian, Arabic, Japanese, French
Deposit Methods: Credit and Debit Cards, Wire Transfer
Minimum Deposit: $50
Free Demo Account: Yes
Number of Assets: 5
Types of Assets: Forex, Commodities, Index, Crypto, Stocks
IV Markets is a forex trading platform for clients. It was founded in Saint Vincent and the Grenadines and is registered with the Financial Services Authority (‘FSA’) under the number 228 LLC 2019. Under the Australian Securities and Investments Commission’s AFS Representative Number 1286515, IV INTERNATIONAL PTY LTD is permitted to provide services such as securities and futures trading, fund management, and investment information to institutional clients in Australia (ASIC).
Futures, FX, and indices are all available at IV Markets! The firm provides real-time quotations, smart trades, and copy traders, among other cross-financial services. Monday through Friday, 9:00-18:00 (GMT+8), online customer assistance is accessible. They are committed to giving their clients the finest experience possible.
Trading Accounts and Conditions
IV Markets offers two different types of accounts with spreads as low as 0 pips. More than 60 worldwide primary goods, such as currency pairings, indexes, and commodities, are available to trade. All bidding prices are sourced from reputable banking institutions. Straight-through STP accounts and electronic matching ECN accounts with minimal spreads are the two types of accounts they provide.
Do not believe that an offshore website like IV Markets, which is deceptively portrayed as a regulated and reputable broker while clearly displaying all the signs of a scam, would allow you to make any money.
When you are duped into opening an account and depositing money with an unregulated website like IV Markets, you will very immediately be approached by your so-called personal account manager, who will basically try to persuade you to deposit as much money as possible.
IV Markets – Advantages
Many Options for Language
The only redeeming factor that this online broker has is its plethora of different language options to choose from. But even though there is one advantage to the website, don’t forget that it is still an unlicensed broker and it is most definitely a scam.
IV Markets – Disadvantages
Lies About Fund Safety
The Forex market was scarcely regulated or supervised less than a decade ago, so brokers could essentially do anything they pleased and carry little or no accountability for their activities. The retail sector, on the other hand, developed to enormous proportions, and the business became tightly regulated. IV Markets, on the other hand, is either unaware of this or simply acting stupidly by breaking various financial rules while providing its services.
IV Markets is a company based in St. Vincent and the Grenadines with licenses in Seychelles (FSA) and Australia (ASIC). This gives the broker access to a wide range of marketplaces, but it goes beyond its authority by providing goods that are no longer permitted by regulators in some jurisdictions. IV Markets makes problems worse by pressuring clients to sign agreements with its offshore subsidiaries. When you register, you must agree to the broker’s Seychelles Client Agreement, which implies you will be excluded from a number of ASIC-mandated customer protection measures.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
Untrustworthy Deposit and Withdrawal Methods
The minimum deposit with IV Markets is $50, which is about average for the industry. However, the brokerage’s financing options are concerning: it takes credit/debit cards, wire transfers, and a variety of e-wallets, including cryptos. That shouldn’t be an issue, but the credit/debit card financing method is suspect since consumers are routed to a dubious website called icc.5upay.com, which isn’t even included in standard online searches.
There was nothing about withdrawals or fees in any of the documentation supplied by the broker. That’s a warning signal since IV Markets appears to be trying to disguise the costs of some products and services. Regulated brokers (of which IV Markets is still one) should always define the real trading conditions openly.
When you decide to withdraw part of your cash, you may discover that you are ineligible to do so due to a minimum trade volume requirement, which may be connected to your trading bonus. Whatever the reason, you will not be able to withdraw even a single dollar, regardless of what you say.
Trading Software Is Clearly Fake
MetaTrader4 is a trading platform from IV Markets that includes advanced trading tools including accurate indicators, easy-to-use charting tools, Expert Advisors for automated trading, and even a marketplace with over 10,000 trading apps. However, IV Markets has previously been shown to be a shady operation, therefore the platform does not make it a good brokerage in any way.
The trading expenses are reasonable: the EUR/USD spread is typically 1.5 pips, which translates to $15 per lot traded. However, most of IV Markets’ licensed rivals provide even tighter spreads of 1 pip or less (less than $10 per lot), so you’d be much better off with a trustworthy broker- which IV Markets were not!
Due to the agreement consumers need to sign with the Seychelles business, the leverage can be up to 1:500, regardless of your country of residency. Because ASIC no longer allows greater ratios than 1:30, this is a serious issue and a basis to have IV Markets’ Australian license canceled.
Conclusion
IV Markets bills itself as a “regulated, trusted, and bespoke international broker,” promising a fair trading environment, high-speed STP/ECN execution, spreads starting at virtually zero and segregated accounts to ensure the safety of their clients, who number in the millions and span 150 countries across five continents.
The offer may appear to be really professional and appealing at first sight, but the facts reveal a quite different reality: at best, IV Markets is an offshore broker with no legitimate forex license and a reputation that is on the verge of being revoked.
IV Markets
Pros
- None
Cons
- Lies About Fund Safety
- Untrustworthy Deposit and Withdrawal Methods
- Trading Software is Clearly Fake
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more