Ivenctures Review: Avoid this Offshore Broker

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Ivenctures Review
  • Fund Safety
  • Customer Support
0.5

Summary

Ivenctures has omitted vital details about the company founders and current team leaders. When brokers disclose their identities, it subjects them to scrutiny from both the public and regulatory authorities. Also, by withholding the information, they can fabricate impressive but fictitious credentials and experience for their anonymous personnel.

Ivenctures is also called Financial Fair Marketings. Despite having two names, this broker does not have a single operating license. Therefore, they are not reliable because they lack oversight. It is imperative to invest only with the genuine, honest and trustworthy crypto brokers. Avoid firms with promises which seem too good to be true.

Ivenctures Review, Ivenctures Company

Newbie forex traders are particularly vulnerable to scams by unscrupulous forex brokers due to several factors. Firstly, they often lack the necessary knowledge and experience to differentiate between legitimate and fraudulent ones. The inherent complexity and volatility of the forex market also adds to the challenge.

About Financialfairmarketing.com 

The broker is purportedly one of the leading private investment firms offering asset management services on the internet including Bitcoin Mining Program, Cryptocurrency earning, exchange and crypto assets management. They help traders to buy and sell crypto-currencies, stocks, commodities and indices on the forex binary options markets using their own unique trading system. 

Furthermore, the broker brags of having 20K+ members 90K+ trades and over 100 online visitors. Notably however, this broker does not offer any supporting evidence to back up their claims. From whois.com, we established that the broker registered their online domain in March 2024. This makes most of their claims questionable and false.       

Founders and Team

The broker has omitted vital details about the company founders and current team leaders. When brokers disclose their identities, it subjects them to scrutiny from both the public and regulatory authorities. Also, by withholding the information, they can fabricate impressive but fictitious credentials and experience for their anonymous personnel. 

Many individuals involved in scam brokerage firms have a history of fraudulent activities. By not disclosing their identities, they prevent potential clients from tracing their past involvements and associations with other scam operations. Furthermore, by concealing the identities, they exploit jurisdictional loopholes to avoid legal consequences.   

Ivenctures Contact Details

The broker has included an email and a physical address to Southampton, UK. However, we noted that they haven’t included a complete phone number. This is possibly because phone numbers can be traced. By withholding this information, scam brokers make it significantly harder for regulatory authorities and defrauded clients to track their operations. 

Maintaining a legitimate call center also requires significant resources, including staffing and infrastructure costs. Scam brokers typically aim to maximize their illicit gains while minimizing operational expenses. By not providing phone support, they avoid these costs. Also they prefer emails because they can be filtered, delayed, or ignored. Their unreliability benefits them.

Ivenctures Regulation Status

The decentralized nature of the forex market poses unique challenges for regulators, making oversight crucial to ensure fair and transparent trading practices. In the United Kingdom, the Financial Conduct Authority (FCA) plays a central role in regulating forex trading activities. The FCA regulates forex trading in the UK under the Markets in Financial Instruments Directive (MiFID) framework.

One of the FCA’s primary roles is to license and register firms that offer forex trading services. The brokers must meet stringent criteria to obtain and maintain their licenses, including financial stability, compliance with regulatory requirements, and adequate risk management procedures. By licensing firms, the FCA aims to protect consumers and maintain the integrity of the forex market.

The registration process is rigorous and Ivenctures does not meet the quality standards. When we checked the FCA’s database, we found a stern warning stating that the firm may be providing or promoting financial services without the financial watchdogs’ permission. The FCA has therefore warned against any dealings with the scammer.

Trading Conditions

The lowest minimum deposit is $500. With no information about the spread, leverage and commission charges, it became hard to establish the broker’s suitability. Although they have claimed to have won many awards, it’s clear they were deceptive because they’re not disclosing the trading parameters.         

Final Verdict

Ivenctures AKA Financial Fair Marketings is a scam broker. There is nothing true about this shady broker. As a trader, always ensure you do a proper background check about a broker before depositing money. Also, check for honest and transparent crypto brokers. One of their key features is that they have an operating license.        

 

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