Is iBex Markets a good broker to start an account?

ibex markets reviews

IBex Markets seems to be a Forex broker offering Forex trading services and to other assets such as Indices, Cryptocurrencies, CFDs and other commodities. This company appears to be registered in the United Kingdom which acts as a local agent and might be approached for a future FCA regulation.

ibex markets reviews

This broker appears to hold a broker license from Dominica under TBC International Markets. You can check out more of this information on their Terms and Conditions found on their website. We always recommend you to review legal information regarding your chosen broker before opening a trading account.

When it comes to their leverages, they offer up to 1:1000 which is available on their Diamond Account. You may think this may be a bit high but the advantage of securing a high leverage is that it helps you to score higher profits with relatively small deposits. But also keep in mind that the higher your leverage the higher the risk you might lose your funds faster if not managed properly. They also offer 1:100 for Basic Accounts which you can start with if you’re planning to open an account with iBex Markets. It has almost the same exclusive offers and features you can get from other accounts minus other perks of course.

IBex Markets also hold a competitive spread that starts from 0.1 pip for all their account types which also includes that no commissions on your trade will ever be taken. Still you can try and compare other brokers that offer the same tight spreads for a better understanding of what you want.

iBex Markets also holds a variety of  cryptocurrency CFDs to choose from which includes Litecoin, Bitcoin, Ethereum, Ripple, and Dash. This broker has an option of a special crypto currency account with a minimum of 500 USD deposit.

Conclusion

With competitive spreads, and a wide array of trading accounts as well as for Crypto, you can definitely try and sign up a demo account with iBex Markets. We always advise our traders to proceed with caution and to carefully read information this broker provides on their website.