Is iBex Markets Scam or Not?

ibex markets reviews

Will iBex Markets Scam your hard earned money?

Should you trade with this broker? Our review will let you know if this brokerage is reliable or just another online scam.

Online brokerage scams are quite popular and occur almost every year that is why we have to take responsibility for ourselves to counter check and establish safety precautions before opening a trade with them.

Things You Should Know About IBex Markets

According to their website, iBex Markets is a Forex and CFD brokerage claiming to be registered in the United Kingdom. They also offer a wide range of trading products and flexible leverage.

ibex markets scam

Is iBex Markets is a Scam, why do they have license?

Safety of our funds is an important thing that we should look out for before making trades or opening accounts with a broker. This ensures the safety of our money and security of our profits. Now, is iBex Markets regulated? Do they have any license?

Their terms and conditions claim that iBex Markets holds a broker license from Dominica under TBC International Markets.When opening an account with them, you have the option to choose between a semi-managed account or on a fully managed account. Education to trading from a broker can only be provided to clients under a few licenses, in which Dominica is one of them.

Legitimate brokers based in the UK have to abide on the strict rules and regulations laid down by the FCA. If iBex Market is a scam, they wouldn’t get the approval for their license.

iBex Markets Trading Platform

Most average traders these days utilize the MetaTrader- which is a widely used trading platform. Unfortunately for iBex Markets, this platform is not supported. Rather than the MT4 or MT5 they make use of the cTrader.

Their cTrader includes features such as Level II pricing, detachable charts, automated trading, charting techniques, extensive back testing facilities and more. Traders also have an access to a full range of liquidity providers which entails traders in receiving the lowest spreads and best prices in the market. cMirror and cAlgo are also present on the platform – this allows traders and brokers to deploy algorithmic trading from their account.

Their cTrader is a good quality platform offered not just web downloads but also for mobile users of Android and iOS – perfect for those always on-the-go or simply wants an easier access to their account.

Conclusion

Making money by trading in Forex or commodities is a good investment for those who wish to start their financial journey in the market. Especially now that we are still in the middle of the pandemic, it is important to create opportunities for people to still earn while keeping safe.

We recommend that you only trade with reputable and reliable brokers. Always do you research and create a financial plan that you can easily execute as trading Forex is a risk.

Doubting if iBex Markets Scam? Check out their live account options, you can simply visit their website at www.ibexmarkets.com or come chat through their LIVE CHAT option.