Thinking of getting into business with Intelligence Prime Capital? Here is what you must know about this broker. Carefully read this review to find out if IPCapital is the trading platform you will want to trade with.

About IPrimeCapital

IPrimeCapital is an offshore brokerage company with a lot of promises for traders. The address of the broker seems missing on its webpage. To begin with, this is a red flag that has reminded us of similar fraudulent scheme of scam brokers.

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The broker discusses little info on its webpages. However, it claims the supervision of Australia financial regulator (ASIC).

In addition, it offers the following products such as AIA BOT system and IPCLOUD. The broker uses AIA BOT system to analyze trading patterns and IPCLOUD to provide reliable and trustworthy custodian services.

To clarify, regardless of the trading instruments IPrimeCapital claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head. Reasons to Avoid This Broker

Firstly, is a platform with no financial authority overseeing its financial services. The broker claims to be under the regulation of ASIC. Sadly, such claim cannot be proved as we have dug deep into Australia Securities and Investment Commission database for the broker, but nothing is known about the broker.

Secondly, we noticed has no demo account for traders. Since traders can’t test the broker on a free account, we can’t know its viability in the forex market.

More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

Withdrawal and Deposit

Withdrawal process

Intelligence Prime Capital leaves us with no specific information on processing days nor withdrawal fees. Truly, this broker is a scam and its fraudulent schemes are clear.

Minimum Deposit

IPrimeCapital minimum deposit is not available.

As for the payment methods, the broker accepts only cryptocurrency. Truly, you should not consider making any payment with this broker because it is a risk. So beware!

IPrimeCapital Platform

IPrimeCapital claims to offer Web Based Trader and MT4 (Industry standard trading platform), however, the option of MT4 doesn’t make the broker legit because any scam broker can do the same to lure forex traders.

As for the leverage, the broker discusses nothing. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

Intelligence Prime Capital Licensing and Regulation

It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

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Conclusion: Is a Reliable Broker?

No, IPCapital is not a reliable broker for traders even though it promises offers that look good to be true. The broker seems uninterested in providing a legal document and other relevant info for traders.

Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.

We owe our readers the duty to fish out scam forex brokers as well as share reasons to avoid fraudulent schemes. Meanwhile, we will not recommend this broker for trading.

Kindly share your comment about this broker in the comment section.

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By Dan

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