IVY Markets is a financial broker established in 2023, focusing on CFD trading for forex, stocks, cryptocurrencies, metals, and energy.
Company Information
- Brand Name: IVY Markets
- Corporate Entity: IVY Markets Limited
- Official Website Registration Date: December 28, 2023 (acquired and registered by the current team on November 7, 2024)
- Core Services: Trading in forex, stocks, cryptocurrencies, metals, and energy
- Slogan: Convenient, stable, and fast trading
- Company Address: 111/57 Moo 11, Soi Rewadee, Tiwanon Road, TalatKhwan Subdistrict, Nonthaburi 11000, Thailand
Trading Platform and Features
This broker uses the MetaTrader 5 (MT5) platform, offering the following features:
- Multi-asset Trading: Supports various assets including forex, commodities, and cryptocurrencies.
- Technical Analysis Support: Comes with an impressive set of technical indicators and tools for all kinds of trading strategies.
- Cross-platform Support: Claims to support Windows, Android, and iOS devices, but in reality, download links are not available for them, as stated by many users.
While MT5 is powerful, industry-standard software, its inability to be downloaded may impede user experience, especially among more novice traders.
Account Types and Trading Conditions
This platform offers several account types to cater to different user needs:
Standard Account
- Minimum Investment: $50
- Spread: From 0.2 pips, no commission
- Leverage: Up to 1:400
- Tradable Assets: Forex, metals, cryptocurrencies, energy, stocks, indices
Pro Account
- Minimum Investment: $50
- Spread: From 0.3 pips, no commission
- Leverage: Up to 1:400
- Tradable Assets: Forex, metals
Raw Spread Account
- Minimum Investment: $200
- Spread: From 0 pips
- Commission: Up to $3.50 per round lot
- Leverage: No restriction
Zero Account
- Minimum Investment: $200
- Spread: From 0 pips
- Commission: From $0.2 per round lot
Pro Account
- Minimum Investment: $200
- Spread: From 0.1 pips, no commission
- Leverage: No restriction
Summary: This variety of account types with low initial investments equally appeals to beginners and professional traders. At the same time, unlimited leverage for some account types may increase risks.
Regulation and Compliance
IVY Markets claims to be regulated by the following entities:
- Mwali International Services Authority (Registration No: BFX2024013): Company registration information is found, but the regulatory strength is limited, providing weak protection.
- National Futures Association (NFA) (NFA ID: 0563765): No relevant information found on the NFA's official website.
Potential Risks
- Lack of Authoritative Regulation:While approved by Mwali, the slack regulations of this region cast doubt on the safety of users' funds.
- False Regulatory Claims: Information on NFA is inconsistent; investors should be wary of its validity.
Customer Support and Educational Resources
Customer Support
- Contact Information: Provides email (support@ivymarkets.com) and phone (+66 265944008) support.
- 24/7 Online Support: Claims they work 24/7, but it needs to be reviewed in terms of efficiency and speed of response yet.
Educational Resources
- Provides an economic calendar that will help in knowing important economic events and market dynamics.
- No detailed training courses or investor education modules present; supporting resources for beginners are minimal.
Fund Management and Payment Methods
This broker supports various payment methods, including:
- Payment Channels: NETELLER, Skrill, Perfect Money, VISA, and UnionPay, among others.
- Deposit and Withdrawal Policy: Fees and processing times are not stated and may therefore affect liquidity and user experience.
Conclusion
This provides IVY Markets with immediate appeal due to account types and platform features that will especially appeal to professional traders. However, regulatory transparency issues, technical problems, and limited market coverage may hinder this attractiveness.
Recommendation: Investors seeking security and transparency should give priority to brokers regulated by authoritative bodies such as the FCA and ASIC. It's recommended to test the services with a small amount of funds before using IVY Markets and to closely watch how fund management policies are operating.
