iBex Markets Review- Is iBex Markets a scam or legit broker?

iBex Markets is an offshore broker and he is an unreliable one. Please read iBex Markets review before investing. The broker is not regulated by any of the known regulatory authorities in the jurisdiction.

Website – https://ibexmarkets.com/

Official Address – 25 Old Broad St Cornhill, London, United Kingdom

Warned by regulating authority – The Central Bank of Russian Federation (Russia)

Ibex Markets is one of the latest scams to hit the Forex market. It promises users high returns on fixed investments and access to an automated trading system that claims to generate guaranteed profits. However, analysis of reviews from several sources has revealed a pattern of unfavorable experiences with iBex Markets, including not receiving promised returns, being unable to withdraw funds due to complex account opening procedures, and customer service non-responsiveness.

Furthermore, customers have reported frequent technical issues when attempting to use the platform. As such, we recommend that potential investors conduct due diligence before considering investing with iBex Markets as it appears they may fall victim to a scam.

iBex Markets Review: Is iBex Markets legit or a scam?

TBC International Markets is a parent company of iBex Markets. They claim to have offices in London and Sydney. Their London address is 25, Old Broad St Cornhill, Near St. Helen’s Church, Bishopsgate, London, EC2N 1HQ, United Kingdom, and contact no is +4 478 970 80 360. Sydney’s office address is not provided, but their contact no is +6 127 255 2218. Email ID is support@ibexmarkets.com. They have a broker license from Dominica but seem to be registered in the UK. Read iBex Markets Review for more details and why this forex broker is not trustworthy.

They claim to be an emerging powerhouse broker. They are into CFD and forex brokers. One can trade hundreds of assets with the cTrader platform. They offer support 24 x 5 through live chats, phone, and email.

Its mission is to provide excellent client service and the steadfast commitment of its staff. They focus on the continuous improvement of their client. Its vision is to be the best and most trusted online broker across the world. The client’s needs are at the centre of their operation. Their strategy is to evolve with the times in this ever-expanding and ever-changing industry. And refine their services.

iBex Markets review: Accounts

iBex Markets offers seven account types. Starter (minimum deposit 250 Euros), Basic (minimum deposit 500 Euros), Bronze (minimum deposit 5,000 Euros), Silver (minimum deposit 25,000 Euros), Gold (minimum deposit 50,000 Euros), Platinum (minimum deposit 100,000 Euros), and Diamond (minimum deposit 250,000 Euros). Leverage starting from 1:100 to 1:1000. Spreads for all accounts is 0.1 pips. One-to-one trading sessions start for 20 days to an unlimited period. iBex Markets also have a demo account.

iBex Markets Review: Education

For the benefit of clients, iBex Markets has an iBex academy wherein there are video tutorials, where one can learn about trading forex with cTrader. One is taught the basics of fundamental analysis, creating a trading system, how to read indicators, etc. One can learn how the market works, the advantages of the market risks involved in trading, etc. There is a section on FAQ to clear doubts of traders.

iBex Markets Review: Trading Platform

iBex Markets uses cTrader and cTrader Web as a trading platform. Order execution is fast and provides direct ECN assess to international currency markets. No need for re-quotes, there are no dealers so order execution is instant. cTrader Web supports all web browsers and is multi-lingual. The platform has a full range of features like account management, advanced protection, bots, automated trading, and charts.

iBex Markets also offers cAlgo automated trading software in conjunction with cTrader. It customizes technical indicators and develops an algorithmic trading system.

For mobile users, iBex Markets has its app namely the iBexGo App which can be downloaded from App Store or Google Play.

Why not trade with iBex Markets brokerage house?

  • It holds a brokerage license from Dominica, an offshore jurisdiction.
  • Has an office in London, but is presently not regulated by FCA.
  • The leverages offered are too high (1:100 to 1:1000).
  • Automated trading is the feature most scammers use.
  • The forex market is a risk in itself.
  • The broker’s credibility is very low.
  • In its term and condition the iBex Markets clearly states that it can charge any fee that it seems fit.
  • Withdrawal conditions are such that a trader can’t achieve the trading volume needed for withdrawal.
  • The high minimum amount for account opening.
  • iBex Markets is not a transparent broker and does not provide complete information on the web.
  • Does not provide MT4 or MT5 as a trading platform.

iBex Markets Review: Conclusion

We suggest all readers of this iBex Markets review not open an account with this broker. Beware of the Ibex Markets scam, which has left countless victims in financial ruin. In this Ibex Markets review learn how to protect yourself from falling prey to their deceptive tactics.
If you are a victim of an iBex Markets scam or fraud, fill out the complaint form at our website to get a free consultation. The scam victim should get a full refund.

Through our scam reviews, newbie and professional traders can get information about scam brokers and brokerage companies/sites. Prevention is better than cure. Read reviews before investing. 

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