A completely anonymous broker registered in 2022 doesn’t bring anything good. They are a shadow in many ways. Primarily due to a lack of mandatory office and contact information. Not to mention transparency in trading conditions and regulations. On the positive side, regulators dug the company owner IPGate Investment Group LTD.
Therefore, we prepared for you everything to know in this latest ip t trade review.
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| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | Ipgate.trade |
| Blacklisted as a Scam by: | FSMA, CNMV, ASF |
| Owned by: | IPGATE INVESTMENT GROUP LTD |
| Headquarters Country: | N/A |
| Foundation year: | 2022 |
| Supported Platforms: | Web trader |
| Minimum Deposit: | $250 |
| Cryptocurrencies: | No |
| Types of Assets: | Forex, Commodities, Indices, Shares |
| Maximum Leverage: | 1:100 |
| Free Demo Account: | No |
| Accepts US clients: | No |
Is IP T Trade a Scam Broker?
To sum it up, absolutely. Not only that they don’t have domestic regulation, but also none of the Tier 1 group. Whereas we can find ones like FCA, BaFin or ASIC. Those are some that provide the highest security standards in the trading industry. But this company is not in any of those registers. So, the conclusion is that funds are not safe here.
Unregulate broker with multiple warnings. Ip t trade doesn’t offer trusted trading software. They don’t offer cryptocurrency trading. High leverage and no demo account.
On the contrary, ip t trade scam provides exactly the opposite. Only danger. With a lack of funds, protection features up to the shady trading platform. On top of that malicious terms and conditions. After all, they didn’t get warnings without a reason.
Warning Issued by Financial Authorities
Already 3 regulators issued a public warning against this company. Important to realize is that the company is not longer than 1 year into the business. But be aware that these scammers can just vanish and come back through different company names.
That’s why it’s important to understand the flaws. And of course to watch warnings. In this case from FSMA, CNMV and ASF.
The Opinions of Traders On About ip t trade
Another major red flag for this broker comes from ip t trade reviews. Even though there are only 14 comments on Trustpilot, it’s more than enough.
Almost 90% of those are with a 1-star rating. All claim the same thing that this broker is just an investment scam. Therefore, to be completely safe on the market find a Tier 1 regulated broker.
IP T Trade Platforms – A Software Comparison
As for the trading platform, we didn’t expect anything extraordinary. Exactly what is expected from ip t trade trading company. Poorly designed web trader with limited options.
The even worse thing is that this broker promotes irrelevant features. Instead of social or copy trading, they promote multilingual platforms. Customization options are one o their main advantages. However, third-party software like Meta Trader can get you much more. Starting with algorithmic trading up to hedging, netting and scalping.
What Financial Instruments Does The Platform Include?
A huge disadvantage for this broker is the lack of Cryptocurrencies. As their popularity rises, also rises demand. So, they miss a whole lot of opportunities there. Instead, traders can trade only with:
- Currency pairs (Forex) GBP/AUD, HKD/JPY, USD/NOK
- Commodities palladium, gold, cotton
- Indices CAC 40 , Nikkei 225, BE 20
- Shares American Airlines, Goldman Sachs, Johnson & Johnson
- Cryptocurrencies BTC, LTC, ETH
In general, all these assets are available with regulated brokers. Thus, with higher security standards.
IP T Trade Countries Of Service
As we can see in any ip t trade review, they don’t hesitate to scam anyone. But mainly scamming traders from:
- Germany
- France
- United Kingdom
- Serbia
- Turkiye
Important to realize is that many countries need specific regulations. Primarily for the UK, where an FCA license or TPR is a must. Which this broker doesn’t have.
Account Options Offered by ip t trade
All account types look the same. Except for the minimum deposit requirement. So, that’s the main goal. To extract as much as possible from traders. But in exchange for nothing. Their offer consists of:
- Newbie $250
- Standard $2.500
- Golden $7.000
- VIP $30.000
Even though the broker claims to have negative balance protection that’s questionable. Their lack of regulation allows them to say anything they want. But if they will follow those statements you never know.
Can a Trader Use a Demo Account?
Above all, with the suspicious broker you first look for a demo account. This way you are not risking anything while testing them out.
But because of fraudulent policies and poor trading platforms, they don’t allow you to get there. Without a demo account here, the only option is to look for another broker.
Terms of Service for ip t trade
As with many other scam brokers, a bonus policy is critical. You can find that also in our Kiplar and CarbonCapitalFX reviews. After any deposit, you might get a welcome bonus. Or any other kind of bonus. But to withdraw any profits, you must trade 25 times bigger volume. Practically impossible to reach this company. Especially if the platform is manipulated.
On the positive side, funding methods available are:
- Debit/Credit cards
- Bank/Wire transfers
This is positive for a single reason. You can get a chargeback if this broker stole your money.
Leverage, Spreads and Fees
With leverage, they try to pretend to be legit. Ip t trade broker wisely chooses what they will present to traders. Thus, a leverage of 1:100 is not allowed by any EU regulator. Not even ESMA ( European Securities and Markets Authority).
On the negative side, the broker doesn’t reveal any costs of trading. Whilst regulated brokers live from that, this broker chooses to hide it. That tells you they are not making money that way. All funds deposited into trading accounts are fictive. But your money goes into their pockets.
What Should I Do If I Have ip t trade Problem?
The only solution to the problem with ip t trade scam broker is a chargeback. Or any other type of fund recovery program. Since they don’t have regulations you can’t seek a solution there.
Let us hear your story first. We can prevent other traders from getting through the same. Additionally, our expert recovery team can build a strategy for you to recover the funds. So, already on your first consultation, you have a plan. Get in touch today to find out what are the first steps of the money recovery process.
What Is ip t trade?
IP t trade broker is an anonymous entity with multiple warnings from regulators.
Is ip t trade a Regulated Broker?
No. They don’t have any kind of regulations, especially not Tier 1 licenses.
Does ip t trade Have a Referral Program?
Yes. You can become an affiliate and help them get more traders on board.
Does ip t trade Offer a Demo Account?
No. Traders can only apply for a live trading account with starting deposit of $250.
