About IPrimeCapital
IPrimeCapital, an offshore brokerage company, has many promises for traders. It seems that the website does not include the address of this broker. This is a red flag, and reminds us of similar scam brokers.
The broker provides little information on its website. It claims to be under the supervision of ASIC, Australia’s financial regulator.
It also offers IPCLOUD and AIA BOT system. To provide trustworthy and reliable custodian services, the broker uses IPCLOUD and AIA BOT to analyze trading patterns.
To be clear, traders should know that they are dealing with an unknown broker, which does not have any regulation.
iprimecapital.com – Reasons to Avoid this Broker
Firstly, iprimecapital.com has no financial authority that oversees its financial services. According to the broker, he is subject to the regulation under ASIC. Unfortunately, this claim is not supported by Australia Securities and Investment Commission databases. We have found nothing about the broker.
Secondly, we discovered that iprimecapital.com does not offer a demo account to traders. We can’t assess the viability of iprimecapital.com’s forex trading platform because traders cannot test it on a demo account.
This broker doesn’t offer a money back guarantee, which means that trading on this platform is a risky business. Your money will not be refunded.
These are the cons forex traders need to be aware of in order to avoid losing their money by using a scam broker. Before depositing funds for trading, it is a good idea to verify that the broker has been licensed and regulated by financial authorities.
Withdrawal and Deposit
Withdrawal processs
We are not provided with any information by Intelligence Prime Capital about withdrawal fees or processing days. This broker is clearly a scam, and the fraudulent schemes it uses are obvious.
Minimum Deposit
IPrimeCapital minimum deposits are not available.
The broker only accepts cryptocurrency as a payment method. This broker is not recommended for you to make any payments. Be careful!
IPrimeCapital Platform
IPrimeCapital claims it offers Web Based Trader and MT4(Industry standard trading platform). However, it doesn’t mean the broker is legitimate. Any scam broker can offer the same to lure forex traders.
The broker does not discuss leverage. We say that you should not do this with unregulated forex brokers like this one as it could lead to your losing your money.
Intelligence Prime Capital Regulation Licensing & Regulation
This broker is not licensed. This broker is not subject to any financial regulation, which makes it risky to wire your money for trading. Unlicensed or unregulated activities are a red flag that must be avoided.
Trade instead with TOP-RATED BROKERS
Licensed in the UK (FCA), Dubai (DFSA), St Vincent and the Grenadines and Cyprus(Cysec), Cayman Islands
Worldwide Acceptance of Traders
Minimum Trade Deposit $100
Licensed in the UK (FCA), Australia (ASIC), Belarus (1NBRB), and Canada (2IROC).
Worldwide Acceptance of Traders
Minimum Trade Deposit $100
Licenced in Australia (ASIC) & Cyprus (Cysec).
Worldwide Acceptance of Traders
Minimum Trade Deposit $100WordPress Pricing Table Plugin
Conclusion: Is iprimecapital.com a Reliable Broker?
IPCapital isn’t a trusted broker for traders, despite promising offers that sound too good to be true. The broker does not seem to be interested in providing traders with legal documents and other pertinent information.
Most importantly, the broker is unregulated which means that it is not licensed to operate in any regulated countries and you should not invest any money in it .
Our readers owe it to us to find scam forex brokers and share reasons to avoid fraud schemes. We will not recommend this broker to trade.
