iBex Markets located at ibexmarkets.com claims it has the best trading platform. However, we discovered a lot of red flags about this broker.
Should you have a cause to worry while trading with this broker? Our review serves as an eyeopener, you shouldn’t trade with iBex Markets before reading this review.
With online scams springing up every day, we have taken the responsibility of reviewing products, stores, websites e.t.c in order to save you from making wrong decisions.
What You Should Know About ibex Mkts
This brokerage claims to be located in the UK, but they don’t provide any concrete information as regards their precise location and headquarters. They offer the following assets-
Forex (with leverages up to 1:100) CFDs, Indices, Stocks, and Precious metals.
Ibex Markets Trading Platform
iBex Mkts makes use of a not so popular trading app called the Ctrader. We are very surprised that this broker does not use the standard trading platform which is MT4 or MT5, yet they claim they’re one of the best Forex trading platforms. From our experiences, this trading platform is not a suitable one, and we honestly can’t vouch for its supposed capabilities.
iBex Markets Deposit and Withdrawal Methods
The people behind this platform are not transparent about their payment methods. In fact, there is no mention of withdrawal fee or minimum amount of withdrawal on the website. So we can’t say what methods of payment is accepted by this broker.
iBex Markets Regulation- Is iBex Mkts Licensed?
We all know safety of funds is one of the things one should look out for before trading with a broker. This is because without the right regulatory bodies acting as watch dogs over platforms like this, our money would be unsafe.
IbexMarket claims it is based in the UK, and that it licensed by the Financial Conduct Authority in UK. However, when we searched the FCA’s registry we couldn’t find this IbexMarkets broker in the list.
This shows that this broker is not licensed.
Is iBexMarkets Legit?
The answer to the question is capital NO. ibex Mkts is no doubt an untrustworthy broker. Though they might appear legitimate, the opposite is the case. We don’t recommend iBex Markets broker because it is not regulated, and also lacks transparency.
Our Recommendation For You
You can make money online by trading with reputable, reliable and trustworthy brokers. We’ve been trading with the Fortrade broker below for sometime now and we have no regrets!
FORTRADE- One of the Top rated brokers and a good choice for new traders. This broker is Licensed in UK(FCA), Australia(ASIC) and Belarus(NBRB). Guess what? you can trade from any part of the world as it accepts Traders Worldwide. Interested in trading with one of the best Forex brokers? Head Over to Fortrade and start trading!