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ITBFX uses multiple methods to get you into depositing funds with them. They feature ads that will redirect you to the login process, and they urge you to take advantage of one-time offers. Therefore once you fall for the bait and make a deposit, that’s the end of business between you and the broker.
ITBFX is an offshore broker that looks forward to offering trading investment services for all levels of traders. They also claim newbie traders can benefit from the platform. Therefore you should expect to find helpful educational materials to aid you in becoming a better trader?
Well, they only feature basic knowledge that you can access for free on the internet at no cost. Also, they only explain how the MetaTrader5 works, and this is not enough for new customers. Trading is not child’s play or as easy as ITBFX makes it seem like trading is so easy, yet how they come up with profits is unknown.
ITBFX claims to have one mission: to be the best money maker tool a trader can have. They claim to work with experts to develop helpful content, and they do not only focus on modern investment methods. ITBFX features important daily market news and daily signals through social media accounts.
They brag about featuring a team with more than two decades of experience in the trading world. However, no data is showing any level of professionalism and qualifications they hold. In addition, there is no data on the team of employees, and you risk dealing with people who might not have any experience at all in the market.
ITBFX.com brags about having transformed the lives of more than 100,000 investors. There is no past trade data available to verify these claims. Accordingly, you may be shocked to realize they are actually making losses, and such results cannot attract customers.
The method of operation they apply is murky, and there is no credibility in the style of operation. Since the founders of the platform are unknown, there is no guarantee their algorithm is suitable. You should know the people you are dealing with because of the increase in the competition of the actual market.
Pyramid Schemes tend to try and lure you by promising incredible services, yet how they do it is unknown. ITBFX be under a parent company BVI, yet the same company actually has nothing to do with the shady investment firm. Try out these legit forex trading companies in the market. They are regulated and transparent.
To start trading, you will have to fund your account with $100, but the same data is hidden from traders. Also, they may end up charging a high commission when you make deposits or withdrawals. ITBFX traders can invest with the minimum deposit, yet you have to pay extra costs to unlock major currency pairs.
The leverage is 1:400, but high leverage applies for losses, and you may end up losing more when trades do not go your way. Accordingly, various brokers within the UK and Australia regions have set up leverage limits, and you should be aware of such. ITBFX should be avoided at all costs, and they are only after the funds you deposit.
How ITBFX.com operates
ITBFX.com uses multiple methods to get you into depositing funds with them. They feature ads that will redirect you to the login process, and they urge you to take advantage of one-time offers. Therefore once you fall for the bait and make a deposit, that’s the end of business between you and the broker. They do not have any trade activities or any reliable technique that effectively generates profits.
Moreover, scammers will always use high unattainable profits and bonuses just as an attempt to lure you into making the anonymous people rich. ITBFX is only interested in the funds you deposit, and they will only contact you as long as you are making deposits.
It claims to have three types of charts, and you can start trading with just one click. In addition, it promises VPS service support, hedging positions, and micro-lots accounts. Consequently, newbie traders do not have a chance here since no data helps educate you on how the platform works.
Deposit and Withdrawals
ITBFX has allegedly enhanced payments for investors, and you get fast and secure payments. They accept various payment options such as; Cryptocurrencies, Neteller, and PayPal, among others. However, Crypto transactions are barely reversible once you make a deposit. ITBFX claims to feature a charge-back procedure where they call you and start the refund process. However, we all know that once you make a deposit, what will follow is they may end up breaking any communications with you.
ITBFX does not have any withdrawal information that shows customers are actually benefiting from the entity. Withdrawals should be instant, and the kind of commissions they charge before you get your funds is unknown, raising more suspicion.
Moreover, you should invest with these legit brokers that use credit and debit payment options, and you can claim your funds for up to 540days. They do not mention any minimum deposit, and they use the bonus to lure you into depositing as much as you.
ITBFX Funds Safety
ITBFX does not give you a single reason that should urge you into making any deposits with the shady broker. The founders of ITBFX are likely to benefit from the platform, which could be the reason for hiding their data.
Also, they may be keeping funds in personal accounts despite the claims of having segregated accounts. They do not feature any banking data that show your money is actually safe. The platform does not have any past trade data.
They help to determine what you’d expect from the company. There is no demo account to familiarize yourself with how the software works, and you shouldn’t invest your funds with ITBFX. They do not have a single positive remark across the internet, and instead, your funds are at risk.
ITBFX does not feature any contact support method besides a chat section that we highly doubt you will receive any response. Working customer support helps in gaining more trust with the entity. In addition, scammers will provide false data as telephone contact or email support. Hence you should first test for their credibility. ITBFX will definitely avoid any contact between you and them once they swindle your funds.
ITBFX does not have a location whereabouts address showing the location of the head office. Accordingly, they claim to respond in a span of 24hours to any customer queries. In addition, on the website, they feature social media logos of various platforms. Thus you would expect to be redirected to the page automatically.
This is not the case, and the logos are just for show-off, and you will receive no response to your query. Nevertheless, you should receive a response in due time and on these legit forex brokers. So I return this builds the customer-friendly relation.
ITBFX can barely afford to have €730,000; hence they do not meet the minimum requirement by the FCA. Furthermore, they do not fall under any regulatory agencies, and your funds may be at great risk.
The company may also end up facing bankruptcy, and they result in disappearing from the market. However, these regulated brokers that you can count on feature regulation certificates. Also, the same data should be verifiable through the legally responsible bodies.
On the other hand, unregulated platforms will make attempts to operate without adhering to any laws. ITBFX is illegally generating funds from the public, and the anonymous founders risk facing criminal prosecutions. Therefore this is the reason they hide similar data from customers. Different countries have responsible regulation bodies, and you should only invest with platforms that follow trade guidelines.
ITBFX has a bad reputation, and they do not have a single reputation on the internet that should persuade you to trade with them. Transparency is what most expert investors look for before they go further as far as investing is concerned. ITBFX.com showcases so many red flags that only prove the company is after your funds.
Therefore do not notice any affiliate or sign up for partnership programs with them. They will end up robbing all your money and that of the people you invite. Also, there is no evidence of any successful traders, and numbers don’t lie. Moreover, these reliable forex brokers adhere to regulations and are transparent in the investment methods they apply. Avoid ITBFX at all costs and any services they promise you.