With a neatly designed website and seemingly profitable trading conditions, ICBroker plans to win over traders and traders. There are a number of red flags about it.
First, the brokerage agency is registered offshore in a spot related to numerous scammers. Secondly, the majority of the website content is dishonest, i.e. fraudulent. Bear with us as we expose this unreliable Forex trading agency and debunk all its lies.
| Regulated by: | Unregulated Offshore Broker |
| Is This Company Safe? | No, the company is unlicensed |
| Known Websites: | icbroker.io |
| Have Warnings from: | N/A |
| Registered in: | SVG |
| Operating since: | 2022-01-11 |
| Trading Platforms: | N/A |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Forex, Indices, Commodities, Stocks, Crypto, Bonds |
| Free Demo Account: | Unavailable |
| How to Withdraw from This Company? | Since this company is unlikely to return your money – contact your financial institution or financial regulator, or just attain out to us for professional help in recovering your funds. |
Legal Info: Is ICBroker Regulated?
The ICBroker crypto providers platform is run by an offshore company primarily based in Saint Vincent and the Grenadines (SVG). This jurisdiction is infamous for being residence to many nameless tricksters and digital dodgers.
SVG’s favorable taxation system and lack of Forex rules made the Caribbean state the most well-liked vacation spot of thieves. Our little fraudster is no completely different. Therefore, you ought to chorus from participating in any type of enterprise with entities registered there.
Instead, we recommend you discover a licensed agency permitted by respectable financial market authorities similar to the FCA (UK), ESMA (Europe), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), and many others. Regulated brokers should adhere to stringent rules and provide security measures similar to damaging stability safety, segregation of consumer funds in top-tier banks, and compensation plans to mitigate potential losses.
Who Are ICBroker’s Targets?
According to godaddy.com/whois, the icbroker.io website area was created on January 11, 2022. Since then, the cyber thieves have been concentrating on primarily unwary traders and traders residing in the following international locations:
- United States;
- United Kingdom;
- Netherlands;
- Germany;
- France.
All the international locations on the record function Tier 1 rules – their markets are fortresses on the subject of safety. Each of their financial watchdogs meticulously supervises members to make sure there is no fraudulent exercise The purpose is to forestall unauthorized entities similar to Regency Limited from scamming traders.
To stress as soon as once more, ICBroker lacks a sound Forex trading license and has completely no authorization to provide providers in any of the listed jurisdictions. The financial compensation contracts a few of these domains offer do not apply if you’ve made offers with cutthroat offshore suppliers.
Trader Reviews – Sharing Experiences
There are only 10 ICBroker evaluations on trustpilot.com and a pair more on scamadviser.com. Aside from a couple of constructive ones, damaging suggestions is prevalent on the boards, pointing to illicit actions.
Given the broker’s doubtful background, it comes as no shock. Traders complained about not being able to withdraw funds from the platform for inexplicable causes. Hence, we urge you to learn what trustworthy customers say about a sure platform earlier than opening an account and funding it. Put the security of your assets first.
Which Trading Platform Is Available?
The website did not disclose any related information about the obtainable ICBroker trading and its specs. We know for sure that there is no legit trading device for obtain. Considering all the shady beans we’ve up to now spilled, it’s likely that there is no dependable software program in any respect.
When selecting a Forex supplier, we urge you to decide on a licensed operator that helps dependable third-party software program similar to MetaTrader 4, MetaTrader 5, or cTrader and avoid doubtful websites like Idex.io that disregard vital trading facets.
MT platforms assist superior options similar to automated & algorithmic trading, subtle charting, real-time market reviews, API integration, 20+ timeframes, Expert Advisors (EAs), and instantaneous order execution. Just make certain your supplier is licensed to offer such providers.
Leverage, Spreads, Commissions, Demo Account
Leverage scales as much as 1:30, which is surprisingly inside the authorized vary in power in Europe and Australia. Offshore brokers usually offer a lot more than that. Spreads allegedly begin from zero with no commissions. Sounds too good to be true, most likely because it’s just one other lie.
We weren’t able to confirm these conditions because there was no demo account. Risk-free trading permits freshmen to follow with virtual funds as a substitute of leaping in a disturbing surroundings straight away. Every legitimate broker these days offers a demo account…
Deposit and Withdrawal Process
The website listed 4 cost strategies that can be used to make an ICBroker deposit and withdraw generated earnings:
- Credit/debit playing cards (MasterCard, VISA);
- PerfectMoney;
- WebMoney;
- Cryptocurrencies.
The minimum deposit is unknown. Judging by what we learn on the boards, buyer assist goes out the window in the occasion of ICBroker withdrawal points, which appear imminent on this platform. If it occurs, you must discover potential fund recovery strategies.
For funds deposited by way of MasterCard or VISA credit score/debit playing cards, customers have the chance of requesting a chargeback at the issuing financial institution inside 540 days. If profitable, you’ll get your money again shortly.
Reversing cryptocurrency funds is more advanced and requires the utilization of subtle software program similar to CipherTrace. Luckily for you, our team can help you out with monitoring the stolen crypto.
Key Facts To Consider About ICBroker
ICBroker is an unlicensed offshore brokerage agency working from SVG. The obscure platform has defrauded many unlucky customers, with victims primarily being American, British, Canadian, German, and French traders.
We advise you to keep away from this platform on account of its fraudulent nature. In case you have misplaced money to the ICBroker scam, you should seek our professional help to recover your funds! A chargeback is your best choice.
Use the type below to ebook your free session with Scam Brokers Reviews and inform us more about your case. Our team will gladly information you by way of the fund recovery course of and help you each step of the way.
Book your free session right here and begin the chargeback course of.
FAQ Section
What is ICBroker?
It’s an offshore Forex and CFD brokerage agency with a poor fame and despicable intentions.
Is ICBroker Regulated?
No, the company operates out of SVG, a site where there are no Forex rules in anyway.
What is CipherTrace?
CipherTrace permits customers to trace crypto transactions to a spot pockets in hopes of getting a refund.
