IBES TRADING FX is a foreign exchange broker officially registered on October 16, 2022, offering financial trading services in forex, cryptocurrencies, and more to investors. However, the address of their headquarters is not disclosed. This broker does not provide services to jurisdictions where it may violate local laws or regulations.
Corporate Registration and Regulatory Status:
The official website of IBES TRADING FX indicates at the bottom of the page that "IBES TRADING FX (www.ibestradingfx.com) is licensed by the Cyprus Securities and Exchange Commission with CIF license number 105/12 and is regulated by the Belize International Financial Services Commission with license numbers IFSC/60/385/TC and IFSC/60/315 /AEM. The company is also registered in the United States with the registration number 21216603." However, the Cyprus Securities and Exchange Commission (CySEC) could not find a registered entity with the license number 105/12, and the Belize Financial Services Commission (FSC) also could not find a registered entity with license numbers IFSC/60/385/TC and IFSC/60/315 /AEM. Since the broker has not disclosed the entity name and registration address of the company with registration number 21216603, it is not possible to verify its registration and regulatory information.
Moreover, the corporate registration and regulatory information claimed on the broker's official website has been used by multiple fraudulent broker platforms, including xtbcryptotrading, BitPrimeOption, Cryptoresol, CrispFinances, cryptorangefxt, Elitesurefinace, mexcinvestment, Trust Income, PRIMAL-FX TRADING, CRYPTO BINARY TRADE, Carlcent Metal Investment, BITFX INVESTMENT PLATFORM, IBES TRADING FX, PRIZZYBIZ FOREX COMPANY, SMART MIND ASSET, MKUPG ASSETS, and others.
Account Opening:
To open an account with IBES TRADING FX, visit the broker's official website, click on “GET STARTED” or “REGISTER” at the top right corner of the homepage to enter the account registration interface, fill out the account registration form, and submit it. Once the registration form is submitted, the account is successfully registered, and users can log in to their accounts to trade.
Account Types:
IBES TRADING FX offers four different types of trading plans for investors: Basic Plan, Standard Plan, Platinum Plan, Unlimited Plan.
- Basic Plan: The deposit amount required for this plan ranges from $100 to $1,000, with a minimum profit of $110 and a maximum profit of $1,100. This plan does not include trading bonuses, allows access to all features of the platform, and offers the choice of trading over 75 different assets. The withdrawal processing time is no more than 24 hours. The daily return rate is 10%, and the plan duration is 1 day.
- Standard Plan: The deposit amount required for this plan ranges from $200 to $25,000, with a minimum profit of $240 and a maximum profit of $30,000. Investors can receive up to 5% trading bonus, access all features of the platform, and trade over 75 different assets. The withdrawal processing time is no more than 24 hours. The daily return rate is 10%, and the plan duration is 2 days.
- Platinum Plan: The deposit amount required for this plan ranges from $1,000 to $50,000, with a minimum profit of $1,300 and a maximum profit of $65,000. Investors can receive up to 5% trading bonus, access all features of the platform, and trade over 75 different assets. The withdrawal processing time is no more than 24 hours. The daily return rate is 10%, and the plan duration is 3 days.
- Unlimited Plan: The deposit amount required for this plan ranges from $5,000 to $25,000, with a minimum profit of $7,500 and a maximum profit of $37,500. Investors can receive a 100% trading bonus, access all features of the platform, and trade over 75 different assets. The withdrawal processing time is no more than 24 hours. The daily return rate is 10%, and the plan duration is 5 days.
Trading Platform:
The official website of this broker does not mention the trading platform provided to users, but it was discovered during the registration process that the broker only offers a web-based proprietary trading platform.
Deposits and Withdrawals:
IBES TRADING FX supports the use of cryptocurrencies for deposits. If other payment methods are used, it is necessary to contact the customer manager to apply. For withdrawals, users can use PayPal, Bitcoin wallet, MoneyGram, Western Union, or direct withdrawal to the user's local bank account.
Conclusion:
Traderknows advises investors that IBES TRADING FX, along with BitPrimeOption, Cryptoresol, CrispFinances, xtbcryptotrading, mexcinvestment, Elitesurefinace, cryptorangefxt, Trust Income, IBES TRADING FX, CRYPTO BINARY TRADE, Carlcent Metal Investment, BITFX INVESTMENT PLATFORM, PRIMAL-FX TRADING, PRIZZYBIZ FOREX COMPANY, SMART MIND ASSET, MKUPG ASSETS and others, are fraudulent broker platforms using the same false corporate registration and regulatory information. Investors are advised to choose trading platforms that are transparent, well-regulated, and reputable to avoid unnecessary financial losses.
Currently, this broker is marked as a "Ponzi scheme" on Traderknows.
