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IPT Markets Review - is it scam or safe?

IPT Markets Review - is iptmarkets.com scam or good forex broker?

RATING: 1 / 2 REVIEWS ForexBrokerz IPT Markets
IPT Markets is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Average Spreads
Standard $100 0.01 1:300 1.4 pips
Islamic $100 0.01 1:300 1.6 pips
Platinum $5 000 0.01 1:300 0.9 pips

 

IPT Markets offers its clients a choice of several account types. All of them are said to provide comparatively good spreads, high leverage levels and the opportunity to trade with micro lots on the MetaTrader 5 platform. However, we would not recommend this forex and CFD broker, Read on to understand why.

 


IPT Markets Advantages:

 

Seemingly good spreads

An average spread of 1.4 pips on EUR/USD is not a bad offer. Such spread is in line with the average in the industry. When we tested IPT Markets’ demo web MT5 platform, the spread on this pair was even lower, around 0.9 pips, so we assumed this must be the Platinum account.

 

As this broker is not regulated and not to be trusted, we suggest that you take a look at the real-time spreads of some of the best forex brokers. They are tightly regulated and the spreads of some of them are even below 0.9 pips on the most liquid currency pair, EUR/USD.

 

 

>> Real-time spread comparison page <<

 

 

MT5 offered, many CFDs available

As it already became clear, IPT Markets uses the latest MetaQuotes software – the MetaTrader5 (MT5). This platform shares basically all the features that made its predecessor, the MT4, so popular among traders. The MT5 has in-depth analytical and charting tools, with which you can also explore historical data. You can also write down and modify your own analysis indicators and Expert Advisors to be used for automated trading. 

 

 

Another possible benefit of IPT Markets is the fact that it offers wide range of CFDs, including on indices, commodities, and shares. Although it also mentions Bitcoin, Ethereum, Litecoin, and Ripple on its website, we did not see any cryptocurrencies in the demo MT4.

 

>> Find a better MT5 Broker <<

  

Up to 1:300 in leverage

IPT Markets offers comparatively high leverage ratios, reaching 1:300. Although leverage levels that high increase significantly the risk of losses, we consider it as an advantage. High leverage levels also allow traders to open larger position, while not investing large sums.

 

 

IPT Markets Disadvantages:

 

Registered offshore, related to a group of shady brokers 

According to the information on their website, IPT Markets is registered and headquartered in the Marshall Islands and has presence in South Africa, Hong Kong, Malta and UK. The brand is operated and owned by Black Parrot Limited, while financial administration services are provided by Blonde Bear OU, an Estonian company.

 

We generally advise our readers to stay away from offshore brokers, as they are not regulated, nor supervised by any authority. In the case of IPT Markets, things seem even worse. Black Parrot Limited is a company that is well-known to us. It also operates the notorious Vortex Assets, TradeGBP, Tradex1, Tradedax and TradesPrime. Considering the number of negative user comments on our reviews of those brokers, Black Parrot Limited is most likely a scam.

 

Unfavorable conditions

We bothered to go through the terms and conditions of IPT Markets uploaded on their website and found some conditions that are unfavorable to the broker’s clients. More specifically, holders of MAM accounts with IPT Markets are not allowed to withdraw any money within the first 6 months after depositing.

 

 

MT5 provided by some other company

When we downloaded the broker’s MT5 platform we saw that it is provided by another company: Index Premium – Trades Markets ltd. This is another disturbing fact about the offering of IPT Markets. We could not find any information about this company, nor how it is related to the broker.

 

 

Conclusion

 

Despite the fact that IPT Markets seems to have some strong sides, we don’t recommend doing business with it. Not only that it is registered offshore, but it the company behind it, Black Parrot Limited has been in the focus of investigations by financial regulators. Many traders have complained they have been scammed by Vortex Assets, as well as by the other brands associated with Black Parrot Limited and the company is present on the warning lists of Italy’s CONSOB, the Polish Financial Supervision Authority (KNF), and Hong Kong's Securities and Futures Commission (SFC).

 

 

Considering the above, you’d better choose a reliable broker instead. One of the best jurisdictions for forex brokerage regulation is those in the UK. Licensed companies are required to meet stringent rules on capital adequacy, client account segregation, AML, transaction reporting and many more.

 

 

>> Brokers regulated by UK’s FCA <<

 

 

Here is a summary of the positive and negative aspects of IPT Markets’ offer:

 

Pros Cons
MT5 supported Registered offshore, related to the scam broker Vortex Assets
Multiple CFDs available Some unfavorable conditions
Seemingly competitive spreads MT5 provided by another compan
High leverage levels  

 

Latest news about IPT Markets
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Traders` reviews for IPT Markets

Spread

Pros

Cons

 

 

Slippage

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Requotes

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Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

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Summary

Pros

Cons

 

 

Scam Broker

IPT Markeet Big Scam Broker
i depsoit 175$ i make profit 200$ i request withdrwal but profit withdrwal not refend jst depsoit refend 218.26$ UDS not refend my account balance total cash out manwal
Big scam veryyyyyyyyyyyy veryyyyyyyyyyyyyyyyyy veryyyyyyyyyyyyyyyy big scam

Wajahat Hanif 05/04/2019
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