IV Markets Review – Nothing In Common With Regulated Entity!

IV Markets is now a dead domain that used to try and clone a regulated firm in Australia. This SVG-based broker made several wrong claims about being owned by a reputable firm, just to seem credible. What gave them away is actually misspelling of the firm they tried to appear as. What really went down and how IV Markets reached its doom is the main subject of the following IV Markets review ahead.

Fake Regulatory Info

Although originating in SVG, IV Markets also claimed to operate as an ASIC regulated company – IV INTERNATIONAL PTY LTD. This could potentially confuse their unsuspecting victims and make them believe that the IV International LLC is associated with the Australian entity. No such connection actually existed.

What’s more, there’s evidence in the legal docs that the actual company owning the brokerage brand is IV Markets Limited. Virtually completely anonymous and under the radar now, IV Markets was officially registered only with SVGFSA, not a single other regulatory body. The persisting problem was that the jurisdictional institution didn’t supervise brokers, and therefore, IV Markets operated illegally.

Unfiltered Victims

Under the pretense of having a prestigious license, IV Markets could easily persuade newbie forex investors that they’re reliable. Their trading conditions, for those less informed traders, seemed more than attractive, although entirely fake and beyond risky.

Being under no strict regulatory oversight has clearly allowed them to manipulate data and drag victims into their money-eating scheme. The majority of the victims came from the following countries:

• United States
• Malaysia
• Thailand
• India
• Vietnam

We’re sorry if you’ve ever fallen victim to a similar scam or this one precisely. What we can do is offer our help in dealing with difficult withdrawal procedures and obstacles, so contact us immediately.

Astronomical Costs

The IV Markets scam was presenting their customers some unrealistic trading conditions, like spreads that start from 0.0 pips and ridiculously high leverage of up to 1:500. Never revealing their true pricing and actual trading costs was a way of robbing the customers before they found out what was going on.

The broker was also known for charging abnormally high withdrawal fees, which prevented many users from taking back their funds. Not only were they unable to cash out the profit made, but withdrawing the initial investment was also improbable.

Complete Trading Offer

Although the website used to offer trading on the most popular platform like MT4, due to being unlicensed, trading had lost its original purpose at IV Markets. Two account types presented fairy tale trading conditions and there also was a Demo for trial trading.

Everything seemed perfect for an investor trap. 24xForex is another offshore brokerage with a similarly attractive offer, yet without a valid license.

MT4 For Trading

It is well known that MT4 has ruled the online trading world for over a decade. MetaQuotes launched the terminal in the early 2000’s and it made a revolutionary step in making trading comprehensive, fast and profitable.

In the hands of a scammer though, even the top tier platforms lose their purpose. Without a dedicated server to trade on, the entire process is but a sham.

Trading Assets

The offer of IV Markets instruments wasn’t that attractive or exotic in the least. However, the broker did offer CFD trading and Forex as well, which is often enough for some unsuspecting victims. The list went as following:

• Currency pairs (EUR/USD, EUR/CHF, USD/JPY, AUD/CAD)
• Crypto (BTC, ETH, LTC, ETC, BNB, DOT, DOGE, ZEC, SOL)
• Stocks CFDs (Meta, Nvidia, AMD, Netflix, Tesco, Walmart)
• CFDs on Commodities (Coffee, Cocoa, Cotton, Soybean)
• CFDs on Indices (Dow Jones, Nasdaq, Nikkei)

Account Types – Two Available

Two standard account types were available with IV Markets:

The fact that the initial deposit requirement was only $50 made the offer additionally attractive. The catch was choosing the company you trade under. The SVG entity allowed higher leverage due to no regulatory limitation. However, the undisclosed trading costs made the entire deal all the more suspicious.

Demo Account was an Option

The availability of the IV Markets Demo account had honestly surprised us. However, this is where we should all remember that scam companies tend to mess with the data and trading parameters shown in the platform. That is how Demo packages are made in general. Their original purpose is to attract as many traders as possible to join.

Why Withdrawal Was an Issue

The sole purpose and aim of every other unlicensed company is to earn and accumulate profit in the easiest way possible. One such way is to trap and lock clients’ deposits, and then never let them withdraw anything. Similar tactics were displayed by another unregulated firm – AlfaCapital24.

IV Markets reportedly often caused payout delays and sometimes also completely rejected the withdrawal requests without any valid reason, whatsoever. This has caused an outrage in the majority of their clients, which has ultimately led to the entity losing customers and closing their domain.

Untimely Customer Support

Another red flag displayed by IV Markets was the customer support not being diligent and responsive enough. Although the broker did provide several ways to make contact, it seemed as if the communication channels were dead. Slow responses oftentimes were unhelpful or not precise enough. Another reason why customers couldn’t keep trying the broker.

The End of IV Markets was Justified

The IV Markets review we bring you had the purpose to show some scam methods often used by financial swindlers to attract victims. At that, this review is also a warning to all investors not to trust anything that brokers have the tradition to claim boldly. At least not before you review all the alternatives and get proper info from the authorities.

If you find yourself facing a financial crisis due to brokers not diligently tending to your withdrawal requests and support tickets, contact us for free advice. We’re available around the clock and our Chat feature is always active.

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