IDB Trades Review: is IDBTRADES a Scam or Legit Broker?

IDB Trades is a Forex and CFD broker owned and operated by BALTIC CONCERT LLP, with an address at 86a Constitution Street, Edinburgh, Scotland, UK, EH6 6RP. IDBTRADES contact phone number is +‎44 131 471 0806 and email address is [email protected]


IDBTrades Trading Platform

Trading platforms are the interface where the trading on assets such as commodities, currencies, stocks or indices are done. A good trading platform should have charting tools and indicators, it should also be easy to use and very fast in executing trades. IDB TRADES broker offers the Web-based Trading platform. Their max leverage is 1:200

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Withdrawal and Deposit Method

IDBTrades withdrawal and deposit methods could be carried out by the following means: Visa, MasterCard, Web Money, Qiwi wallet, Yandex money. The minimum deposit is $500

License and Regulation

IDBTrades claims it is located in the UK, but on thorough search we found out that this broker is not licensed by the FCA which is the official regulatory body in the UK, rather IDB TRADES is licensed offshore in the Republic of Vanuatu by the VFSC. The regulation by the VFSC is not as strong as popular regulators such as CySEC in Cyprus and the FCA in UK.

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