Intelligence Prime Capital broker, purportedly registered in 2021 in Canada and owned by Intelligence Prime Capital Ltd, provides services to US clients. While one might anticipate a high level of security and regulatory compliance from such a company, this broker reveals numerous flaws and red flags. For a comprehensive understanding of why trust issues arise with this broker, delve into this in-depth Intelligence Prime Capital review.
Website – iprimecapital.com, iprime-capital.com, intelligenceprimecapital-bot.com, intelligenceprimecapitalguide.com
Address – 1 Yonge Street, Suite 1304 Toronto ON M5E 1W7, Canada
Warned by – Financial Markets Authority (New Zealand), Comisión Nacional del Mercado de Valores (Spain), and British Columbia Securities Commission (Canada)
Domain Age –
|June 08, 2021
|2 years, 7 months, 15 days, 5 hours, 12 minutes, 58 seconds
Is Intelligence Prime Capital legit or a scam?
A business that uses automated algorithms to promise returns is always cause for concern, underscoring the critical role that laws play in the trading industry. Regulatory frameworks serve as bulwarks against firms making baseless claims with impunity.
Given this, we carefully examined the broker’s licensing assertions, as it states it is licensed by US and Canadian authorities. It was found that these claims were false after verification. Intelligence Prime Capital is devoid of both Tier 1 and domestic regulations, and it is absent from all pertinent databases.
The fact that IPCAPITAL has been the target of numerous warnings only heightens the worries. Moreover, the website has been under maintenance for about three months, which adds to the general doubt that people have about the business.
Warnings Issued Against Intelligence Prime Capital
In tandem with the absence of regulations, regulatory bodies such as the Financial Markets Authority (NZ), Ontario Securities Commission (Canada), and British Columbia Securities Commission (Canada) have issued warnings against this broker. This situation has led to the suspension of their website, reinforcing concerns that they may disappear, mirroring the pattern often observed with other scam brokers.
Questionable Trading Platform
The company’s website is currently inactive or suspended, making it nearly impossible to access the trading platform. Despite their assertions of offering MT4, web trader, and automated options, the credibility of these claims is questionable, particularly in light of their misleading statements about licensing.
MetaTrader, renowned as one of the most efficient software options, is well-suited for all traders. It offers a diverse range of trading tools, indicators, and features such as social and copy trading, with accessibility on various mobile devices.
Conversely, the broker alleges the provision of automated systems and IPCloud. The automated system purportedly boasts a 97% accuracy rate. However, it’s crucial to recognize that this broker lacks regulation, casting doubt on the veracity of all their statements.
Intelligence Prime Capital Review: Terms and Conditions
With the website inactive, verifying the terms and conditions is impossible. Even if provided, they likely hold fictitious information, often favoring hidden clauses that benefit scammers. Avoid throwing your money away with this broker.
Similarly, trading conditions such as leverages and spreads are absent, leaving everything shrouded in mystery with this broker. Hence, we recommend traders seek Tier 1 regulated brokers for transparent trading conditions, clear ownership, and proper licensing.
Falsely promoted a partnership program
Operating without a license, they falsely portrayed themselves as a reliable broker and even promoted a partnership program for advertising. Shamelessly, they persisted in scamming traders. Fortunately, multiple warnings were issued to prevent traders from falling into this trap blindly.
Intelligence Prime Capital Review: Conclusion
If you’ve been targeted in an Intelligence Prime Capital scam or any other fraudulent scheme, you can initiate action by submitting a complaint against the fraudulent broker. Fill out a complaint form on our Scams Report website. Our specialists offer a free consultation and are prepared to assist you throughout the fund recovery process.
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Note: The information provided in the above Intelligence Prime Capital review is derived from existing web Intelligence Prime Capital reviews. Please be aware that we cannot be held liable for any legal action taken by Intelligence Prime Capital company. If you have any inquiries or concerns, kindly reach out to us via email at firstname.lastname@example.org.