Can iBex Markets be a Trusted Broker?
IBex Markets is mentioned to be a scam from some of the articles online. iBex Markets is t a UK-based Forex and CFD brokerage that utilizes the trading platform, cTrader. Upon checking the website, you can identify that they have a rather good user-interface and easy navigation system that provides clients or new traders to explore the website themselves.
But is this broker trustworthy to begin with? In this review we will try to tackle who this broker is and if this is a reputable brokerage.
Does iBex Markets have any regulation?
If youre thinking the iBex Market Scam, It is always important to note if a broker you are interested in is regulated. According to their terms and condition, iBex Markets claim that they hold a broker license from Dominica, under TBC International Markets. When you try opening an account, you’ll be presented an option on getting a semi-managed account or a fully managed account. Education towards trading from a broker can also be provided, granted that there are only a few admitted under a few licenses – this including Dominica.
Being regulated is important and plays a big role in equiting that the brokerage is licensed and that your profits are safe and secure on your trading account. We have to be diligent and cautious since there have been a number of scammer brokerages that would potentially put your money to risk. That is why you should consider and find legitimate brokerage companies that abide on their mission to provide client protection, transparency and fairness.
What is the minimum deposit of iBex Markets?
Now, upon checking their list of live accounts, you may find that their starting account offers a minimum deposit of at least 500 Euro – which is considered a bit high. This may not be favorable for those who are on a tight budget or for those just starting. Their leverages are offered to up to 1:100 for basic accounts. This is also including exclusive perks and features that can be useful for their clients (e.g. trading seminars, educational resources, video tutorials on their cTarder, etc. )
Payment Methods offered in iBex Markets
In regards to payment methods, according to their website iBex Markets offer the use of bank-wire, credit or debit cards and even Bitcoin. For Debit and/or Credit cards , they accept VISA and MasterCard – which is the safest deposit method for any type of transaction.
For more information regarding this brokerage you can visit their website at www.ibexmarkets.com