IPO Markets insist on being fast at everything – fast transfers, fast order execution, fast customer support. However, this anonymous Dominican firm doesn’t even introduce itself properly to have anyone believe their flashy web presentation.
Besides the obvious lack of company info, legal docs are scarce and trading conditions are anything but profitable. For further details, check our IPO Markets review ahead.
| Regulated by: | Unregulated Offshore Broker |
| Is This Company Safe? | Unlicensed service providers aren’t safe! |
| Known Websites: | ipo-markets.com
mycabinet.ipo-markets.net |
| Have Warnings from: | CNMV, A-TVP, CBR, LB |
| Registered in: | Dominican Republic |
| Operating since: | 2023-01-18 |
| Trading Platforms: | SirixStation |
| Maximum Leverage: | 1:100 |
| Minimum Deposit: | $200 |
| Deposit Bonus: | N/A |
| Trading Assets: | Forex, Cryptocurrencies, Stocks, Indices |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Unregulated firms like IPO Markets are unlikely to let you withdraw. To start a chargeback process, contact our team of experts. |
IPO Markets – A Confirmed Fraud
The unnamed entity owning and operating IPO Markets was allegedly established in the Dominican Republic. However, the FSU register comes up with zero results if you search for this broker. We had no choice but to look elsewhere for the potential license.
What returned as a result weren’t any confirmations about the brokers legitimateness. On the contrary, these regulators have actually issued nothing but warnings on this unscrupulous firm: CNMV, A-TVP, CBR, and LB.
As the authorities have confirmed, this company is a swindler just like MaxProInvest, with intention to defraud you and make it impossible for you to address the compensation fund for a return. Besides no fund protection in the form of AML measures and segregation, your personal data is also at risk of being misused.
Area Of Activity
Although registered in January this year, IPO Markets is actively defrauding traders and collecting blacklists as we speak. With the help of their faithful scam agents, company is known to use the boiler room method to recruit new victims. These mostly come from:
- Italy
- Ukraine
- India
After being constantly bombarded about extraordinary chances for profit and guaranteed high income, inexperienced investors are dragged into the scheme. After a while when the scam becomes obvious, withdrawals are only possible with the legal support. Luckily for you, we’re here to provide it.
Conflicting User Reviews
If you check the IPO Markets Trustpilot page, you’ll find quite a confusing situation. On one end, you’ll read reviews with the highest ratings, while the other continuum represents the negative reviews filled with frustration and disappointment.
At that point it became evident that this firm is a rotten liar that uses paid reviews to boost their credibility. However, with the growing amount of negative opinions posted, their average rating is not even close to ideal.
Large Leverage With No Clear Costs
The ipo-markets.com is so lacking in any detailed information, the company never discusses any fees, or commissions. Spreads are said to be tight, but IPO Markets give us no numbers to work with.
What we did learn is that the maximum leverage is 1:100. Since the max leverage in Europe is 1:30, and 1:50 in North America, this is above the allowed limit.
Affiliate Campaign Brings Stable Income
IPO Markets is known for promising passive earnings based on the activity of your referrals. The more people you bring in, the higher your alleged commission from their trades. Your IPO Markets account is rewarded with up to $4 per lot traded, if we were to trust the website claims.
IPO Markets Lacks Basic Amenities
Trading features at IPO Markets are far from impressive, and similar to FxActive Broker. It is questionable whether any trading can actually take place with this broker.
The main trading app is not something we’d recommend, and the selection of instruments is miniscule. The company offers only a single main account type, with barely no subtypes to speak of.
Unreliable Trading Software
IPO Markets says they provide the industry standard MT5 software on their website, but this is a false claim. The only trading platform is SirixStation, a notorious program used almost exclusively by fraudulent firms.
The same program is alleged to work with mobile devices as well. Although this generally is true, the mobile version of SirixStation is not available for IPO Markets users.
Poor Choice Of Trading Instruments
You will be hard-pressed to find any concrete info on IPO Markets tradable assets through their main website. Entering the client dashboard, we can see a few tables imported from Tradingview.
The tables contain the following instruments:
- Forex (EUR/USD, AUD/NZD, GBP/CHF, USD/JPY)
- Stocks (Tesla, Blackstone, Pacific Gas & Electric, Apple)
- Indices (S&P500, US100, Nikkei225, UK100)
- Cryptocurrencies (Bitcoin)
No Account Information
Only a single trading account is available for IPO Markets login. Much of what this company says about their live trading accounts is totally false, however.
The alleged base currencies are USD, EUR, GBP and BTC, but in the client area we could only create a USD based trading account. There is no demo, so don’t expect risk-free speculation for technical analysis.
Shady Payment Channels
We have found a number of discrepancies in the IPO Markets financial channels. For instance, different channels are available for deposits and withdrawals, which is against the international AML regulation.
The swindlers say that they process withdrawals in 30 minutes or less, but many complain about IPO Markets denying any withdrawals. Reach out to our team of professionals for help in charging back your money from this company.
Unresponsive Customer Support
Despite having an email and a phone number as the means of communicating with their clientele, IPO Markets isn’t prone to responding. Besides the fact that the site lacks other support channels, the existing ones aren’t reliable in the least.
This kind of irresponsibility shouldn’t be a surprise, though. IPO Markets is a blacklisted faux service provider, after all.
How To Get Your Stolen Deposit Back
Even if IPO Markets is a proven scammer that doesn’t allow withdrawals, hope still exists. It is understandable if you feel traumatized or angry with how your investment went, but you shouldn’t sit around and let the fraudster get away.
If you contact us via our Online chat feature, you can book your free consultation and get advice from a chargeback expert. Our legal professionals are notorious with scammers for their success rate, so don’t wait – reach out to us today.
FAQ Section
What Is IPO-Markets.com?
The website is a confirmed financial swindler without a valid Forex license. Refrain from depositing with them, and contact us for a chargeback if you’ve already invested here.
Is IPO-Markets.com A Good Broker?
No, as several authorities have already posted about IPO Markets, they’re a fraudulent entity, not worth your time and money.
What Are The Tools and Platforms Of IPO-Markets.com?
SirixStation, an unreliable and web-based platform is the only choice for trading at IPO-Markets.
