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IcFxMarkets Review: Icfxmarkets.com Cruel Forex Scam

IcFxMarkets Review: Icfxmarkets.com Cruel Forex Scam

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IcFxMarkets (Icfxmarkets.com) is another bane CFDs, Cryptocurrency and Forex scam to hit the lucrative trading world.  IC FX Markets is professing to enhance your chances to succeed. ICFX Markets is claiming to automate trading, have user friendly interface, and 100 percent member support. Other notable claims include cloud protection and dedicated trading servers. With such claims, unsuspecting investors have bought in. Read this thorough ICFXMARKETS Review and get the truth.

IcFxMarkets Review

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IcFxMarkets Review

We have been receiving complaints from victims of this online scam platform. From what we have gathered, this platform is openly refusing to allow members to withdraw funds. Other complaints center on the platform’s slow communication process and client handling. You will be constantly harassed by so called account managers asking you to deposit more funds. Thanks to our years of investing and trading experience, we know how to spot a scam from a mile away.

Online scams work in the same way, most of the time. In this case, IcFxMarkets is using information from other legit websites as its own. These scam artists have cloned a real trading website and used that information as their own. Stay away from this platform and never sign up with any of their illicit programs. Ic FX Markets is another platform we must expose to help keep the trading world safe. Ensure you read through this entire review and find out the tricks used to scam unsuspecting victims.

About IcFxMarkets

IcFxMarkets is professing to offer CFD, Cryptocurrency, Forex, and Option trading. Holiway Investments Ltd is the company which is posted as the owner of this platform. As for the history of the company, no one knows where the platform originates. No one has information on where the offices of the company are located. A look at the domain register whois.net reveals the website was registered on 28th of May 2019. With this proof, it is clear the platform has not been in the industry for long.

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Another red flag we must raise is in regards to anonymity which is a huge problem. You would expect the platform to offer information regarding the founding members of this platform. No information is given regarding the name of the CEO or CFO of Holiway Investments Ltd. Another disturbing feature with this platform is lack of proper information regarding company’s registration.

Is IcFxMarkets licensed or registered?

No official registration body that we contacted has ever heard of this platform. And investors should know IcFxMarkets is NOT LICENSED OR REGISTERED to offer any trading related services. We searched using various regulatory bodies for information regarding their compliance status. Some of the regulatory bodies we contacted include ASIC, CONSOB, CySEC, FCA, and NFA. None of them has ever licensed or heard of IC FX Markets.

And this is where we draw the line as this platform is unregulated. What this means is that funds deposited are not fully secured as dictated by trading laws. These scam artists are mere criminals who want to steal from anyone who deposits with them. We are afraid this platform has formed an alliance with hackers.

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Advantages of IcFxMarkets

Looking at the entire website, we could not come up with any advantage of dealing with this platform. The number of complaints is growing by the day. Such scam artists should be exposed to ensure the trading world is safe. Without a valid trading license, you are entering into a high risk investment platform. Anonymity is a no go zone for any online investment trading platform. Ensure you never sign up with this and any other trading platform that shares similar characteristics.

Disadvantages of IcFxMarkets

Account types

IcFxMarkets Account Types

IcFxMarkets is offering users with three account types to choose from. Accounts are listed as Basic, Classic, and Premium. One of the first red flags we spotted was the high minimum deposit set. The basic account is the starter account and users must deposit $1,000 to start trading. Investors should know that the industry has set $250 as the acceptable minimum deposit.

Demo Account

Why does this platform fail to give users a demo account? A smart investor knows the importance of having a demo account. With a demo account available, users get to test how well a platform operates. You will be able to know the advanced features available as well as the speed at which trades get executed. A slow platform will show with the results and this is why IcFxMarkets fails to offer a demo account. They don’t want users to notice the defects of their trading platform.

Payment Methods

You can deposit funds using MasterCard, PayPal, Visa, among others. These scam artists have used depository channels which are available all over the world. A huge problem with IcFxMarkets is failure to allow members to withdraw funds. What’s the use of signing up if you will never enjoy the fruits of trading? These are pure scam artists who are planning to steal from anyone who deposits with them.

Trading platform

The entire website has no information regarding the type of platform available. Even though they claim to use automated trading, users still must know the platform used. We are afraid these scam artists are playing with investors and probably using a custom made platform. The problem with custom made platforms is that they tend to lack proper security features. Lack of vital security protocol is evident. No DDoS and SSL encryption is proof we are dealing with a sleazy platform.

Safety of funds with IcFxMarkets

When it comes to safety of funds, we are sure this platform is never going to safeguard deposits. Claims of having cloud protection are just a roost to fool users to sign up with them. IcFxMarkets is pooling funds in one account which is not acceptable. Members are depositing funds straight to owner’s bank account. Why risk it?

Scam or legit

IcFxMarkets Features

Evidence is clearly pointing to a scandalous online trading platform in the making. With claims already posted all over the web, IcFxMarkets is a scam waiting to pounce on anyone who signs up with them. Stay away from this platform and never sign up with any of their affiliate programs. Mark all their emails as spam and never click on any links associated with this platform.

Final thought

We have to add this platform to our scam blacklist and ensure no one else falls for this trap.

You can also have a smooth trading experience if you partner with credible and genuine brokers.  Ensure you start making profit immediately with determined and transparent brokers today. What are you waiting for? Sign up with innovative and persistent brokers for a favorable outcome.

Wishing all investors a happy and prosperous trading period.

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