Ipgate Trade: A Comprehensive Review of the Scam

Is Ipgate Trade Legit or Scam?

The answer is unequivocal: Ipgate Trade is a scam. This review will delve into the red flags, regulatory warnings, and concerning practices that expose their fraudulent nature. By the end, you’ll understand why depositing your hard-earned money with them is putting you at significant risk.

Company Overview:

Services or Products:

Ipgate Trade offers a limited selection of tradable assets, including currency pairs, indices, shares, and commodities. Notably absent is cryptocurrency, a major drawback in today’s market.

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Trading Platform & Leverages:

Their sole platform, WebTrader, is basic and lacks the advanced features and functionalities found in industry-standard platforms like MT4, MT5, or cTrader. Additionally, they offer leverage exceeding regulatory limits, further highlighting their riskiness.

Spreads and Cost of Trading:

Transparency regarding spreads and costs is lacking. The absence of a demo account makes it impossible to evaluate their trading terms before risking your capital.

License and Regulations:

Crucially, Ipgate Trade is completely unregulated. This means they operate outside the oversight of any financial authority, leaving your funds unprotected and exposing you to potential fraud.

Legal Warning Against Ipgate Trade:

Multiple financial authorities worldwide, including Canada, Spain, Romania, and France, have issued official warnings against Ipgate Trade, labeling them as unauthorized and fraudulent. Heed these warnings and avoided them at all costs.

Deposit and Withdrawal Methods:

Deposit options include debit/credit cards and wire transfers. Withdrawal requests are processed within 4-7 business days, but the policy absolves them of responsibility for delays or issues, leaving you with little recourse.

Ipgate Trade Pros and Cons:

Why Dealing With An Unlicensed Broker Is Risky:

Unregulated brokers like Ipgate Trade operate with impunity, meaning they can:

• Manipulate markets and prices: They can control your trades and influence outcomes to their advantage.
• Disappear with your funds: Without regulatory oversight, they can easily abscond with your money without any legal repercussions.
• Engage in fraudulent activities: They can employ various tactics to deceive and exploit you, such as hidden fees, unfair terms, and market manipulation.

Client Feedback:

Unfortunately, due to their fraudulent nature, genuine client reviews are scarce. However, the few available paints a grim picture of negative experiences and lost funds.

How Can “Reviewsadvice” Help You If You Get Scammed?

If you’ve fallen victim to Ipgate Trade’s scam, consider seeking help from organizations specializing in chargeback and fraud recovery. Consult with financial regulators and report the incident to relevant authorities. Remember, the sooner you act, the better your chances of recovering your losses or you Can report to us today by the below form.