Is IP Capital Legit or Scam?
Stay away! IP Capital is an unregulated forex and CFD broker with numerous red flags indicating a potential scam. This review will delve into the details and explain why you should not invest in this company.
Company Overview
Feature | Details |
Broker Status | Unregulated Scam Broker |
Regulated By | Unlicensed Trading Company / No Regulation |
Scammers Websites | [invalid URL removed] |
Operating Status | Active Forex Trading Scam |
Blacklisted As Scam By | OSC / BCSC / FMA |
Broker Owner | Intelligence Prime Capital Ltd |
Headquarters Country | Canada (allegedly) |
Foundation Year | 2021 |
Online Trading Platforms | MT4 / WebTrader |
Mobile Trading | Available via Mobile App |
Minimum Deposit | N/A |
Deposit Bonus | N/A |
Crypto Asset Trading | Available – BTC / ETH / DASH |
CFD Trading Option | Yes |
Available Trading Instruments | Forex (FX) / Commodities / Indices / Cryptocurrencies (Cryptos) |
Maximum Leverage | N/A |
Islamic Account | Not Available |
Free Demo Account | No, only live trading accounts |
Accepts US Clients | US traders are accepted |
Global Fraud Protection Experts’ Verdict | Don’t Invest in This Scam Broker! |
Services or Products
IP Capital claims to offer:
- Trading in various markets: Forex, Cryptocurrencies, Commodities, and Indices.
- AIA BOT System: Trading software with claimed high accuracy (unrealistic promise).
- IPCloud: A platform for managing digital assets with staking and other features (allegedly based on a canceled project).
- Mobile trading app: The only seemingly functional platform (but still associated with a scam broker).
If you have lost money to companies like CED Capital Ltd, or Berry Trading; please report it to us on our report a scam form.
Trading Platform & Leverages
The website mentions MT4 and WebTrader, but neither platform is accessible. The “coming soon” message indicates a lack of operational infrastructure. Information on leverage and spreads is also unavailable.
License and Regulations
IP Capital is not regulated by any reputable financial authority. Their claims of Canadian FINTRAC and US MSB licenses are false. Additionally, authorities in Canada (OSC and BCSC) and New Zealand (FMA) have issued warnings against IP Capital, further signifying their fraudulent nature.
Legal Warning Against IP Capital
Several regulatory bodies, including the OSC, The British Columbia Securities Commission (BCSC), and the FMA, have issued warnings against IP Capital, further solidifying its status as a fraudulent entity.
Deposit and Withdrawal Methods
There is no clear information on deposit and withdrawal methods. This lack of transparency is another red flag, as legitimate brokers provide clear information on these crucial aspects.
IP Capital Pros and Cons
Pros | Cons |
None Identified | Unregulated |
None Identified | False claims about regulation and licenses |
None Identified | Unavailable trading platform |
None Identified | Unclear deposit and withdrawal processes |
None Identified | Numerous complaints from clients about withdrawal issues |
Why Dealing With An Unlicensed Broker Is Risky
Trading with an unregulated broker like IP Capital carries significant risks:
- No protection: Without regulation, you have no legal recourse if the broker scams you.
- No security: Your funds are not protected, and the broker may disappear with your money.
- Unfair practices: Unregulated brokers can manipulate markets and engage in other unfair practices.
Client Feedback
Reviews from clients paint a concerning picture. Many report issues with withdrawal, unresponsive customer service, and a lack of access to the trading platform. These reviews further reinforce the concerns raised earlier.
How Can “ReviewsAdvice” Help You If You Get Scammed?
While we cannot directly assist in recovering lost funds, we can recommend reaching out to financial authorities and exploring legal options. It is also crucial to report the scam to help prevent others from falling victim.
ReviewsAdvice will provide you with free consultation and recovery service recommendations to help you recover the lost funds or you can report to us today by the below form.
Get Your Money Back from Scammers.
Final Thought
IP Capital exhibits numerous red flags, including a lack of regulation, false claims, and negative client reviews. It is strongly advised to avoid this company and choose a regulated and reputable broker instead. Remember, investing in an unregulated platform can result in significant financial losses and leave you with no legal recourse.
