Interactive Brokers Review: Is It Legit or a Scam?
Access to a wide range of trading assets, such as stocks, ETFs, currency, bonds, options, and futures, has made Interactive Brokers, a reputable trading platform. Its ability to give traders access to international marketplaces is what makes it so popular. However, because of instances of fake clones imitating the platform, questions have been raised regarding its credibility. This Interactive Brokers review delves into the matter to provide clarity.
Overview
With its advanced capabilities, affordable fees, and worldwide presence, Interactive Brokers has established a solid reputation as a reliable trading platform. However, scammers have taken advantage of its legitimacy by developing fake platforms that replicate the company’s data and branding to trick unwary traders. These fraudulent entities claim to represent Interactive Brokers but use fake contact information and unauthorized communication channels to mislead and defraud users.
Is Interactive Brokers Legit or a Scam?
The legitimate Interactive Brokers platform is regulated by recognized authorities such as the Financial Conduct Authority (FCA) in the United Kingdom. The FCA confirms that Interactive Brokers (U.K.) Limited is an authorized firm with the firm reference number 208159. Its official contact information is publicly available on its website, including its registered address in London, authorized telephone number, and compliance email.
In contrast, clone firms have emerged using fake telephone numbers, such as +31 202 326 341, and fraudulent email addresses like [email protected], to misrepresent themselves as the legitimate platform. The FCA has explicitly warned traders about these clones, stating that they have no connection to the authorized Interactive Brokers entity.
Scams Report Reviewed Interactivebrokers.com
Scams Report, a trusted platform for exposing fraudulent activities, has analyzed Interactive Brokers and found reasons for concern. We specialize in identifying brokers that exhibit red flags commonly associated with scams, such as unclear regulation, questionable practices, or hidden policies.
Scams Report also supports victims of online scams like forex trading scams, cryptocurrency schemes, social media schemes, and internet dating scams, offering free consultation and guidance on fund recovery.
If you’ve faced challenges with Interactivebrokers.com or any other broker, our experts are ready to help you take the first step toward reclaiming your funds.
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