For a start, Ipgate Trade is unregulated, and that’s never a good sign. In addition, we’ve found a number of concerning warnings from official authorities all around the globe.
Despite you already being able to guess the answer, we’ll present it. Let’s dive into this detailed Ipgate Trade review and see whether or not your money is safe.
As we already mentioned, Ipgate Trade is unregulated. The company didn’t bother to provide us with many details about the owner or other legal aspects. In fact, the T&C indicates that Polish law is the governing law, suggesting we should look for an Ipgate Trade regulation with KNF.
You can already guess that our search yielded no results. As an EU member state, Poland complies with ESMA rules and has a leverage limit of 1:30 for retail traders. With Ipgate Trade, you can get up to 1:100, which is an immediate red flag.
Furthermore, several EU authorities flagged this company as a scam, indicating that they hold no license. We’ll be happy to hear from you if you have any information about their operations.
All this is enough to dissuade you from investing. Or so we think.
The traffic report analysis shows that the majority of Ipgate Trade victims live in the following countries:
At the moment, their site is not quite widespread, as they have less than 5,000 visits a month, according to a SimilarWeb overview. However, we see an increment in ads and targeting, which means they’re on the hunt for victims. Don’t be one; report the fraud immediately!
To nobody’s surprise, there’s only one Ipgate Trade trading platform, a basic WebTrader. This firm offers nothing but web-based software allowing asset overview, pending orders, and a trading history review.
While their website praises the platform as an advanced tool with a lot of built-in indicators, that’s just inaccurate. If you’re looking for an extensive range of features, you should turn to third-party software such as MT4, MT5, or cTrader. Each of these has a large offer of functionalities, including EAs and social trading.
What’s more, each of these supports mobile and desktop apps, which you won’t find with the Ipgate Trade platform.
Surprisingly, even the list of trading instruments is disappointing. Usually, scam firms pretend to offer something that others don’t. However, here we have only four asset classes, those being:
Crypto trading is not allowed, which is a big drawback in today’s trading climate. Digital currencies are one of the most tradable assets, and not offering customers to enter such a competitive market makes this brokerage even less appealing.
You can choose from four Ipgate Trade account types:
Allegedly, each account has a negative balance protection. It’s a tool helping traders not to go to minus and owe money to the company. As for the differences, contract size increases from 10 to 100 from the Standard account, while leverage increases with each higher investment.
Finally, each account brings a higher level of support, ranging from basic help to a personal account manager.
Like any good scammer, this one doesn’t enable a risk-free account either. Access to the Ipgate Trade Demo account would only show you that you have nothing the brokerage promised.
This is why their employees are well-versed in pressuring customers to register and deposit right away without having a chance to read reviews or see something odd. Don’t let anyone rush you with investment decisions. Even if it’s a minimum deposit and you don’t think it’s too much, be cautious. You don’t want to end up in a cycle of fraud.
You can submit an Ipgate Trade withdrawal request through the Client Area when the time comes. Once you’ve signed the form, you can choose from one of the following payment options:
The Deposit and Withdrawal Policy states it takes 4-7 business days for the request to be processed. However, they also forbid customers to hold them responsible in case of any delays or problems. Simply put, even if you cannot confirm the request has been processed, you cannot say anything.
Ipgate Trade is not a legitimate firm. If you fall for their telltale and end up scammed, don’t beat yourself too hard. In fact, it can happen to anyone.
It’s important to let us hear your story. Share your experience with us, and we’ll gladly assist you with this matter. Global Fraud Protection chargeback experts will evaluate your case during a free consultation and see what we can do. Don’t give up on your hard-earned money!
Ipgate Trade is not a legit broker. In case you have already invested your hard-earned money, get in touch and we might be able to assist you with this matter.
Ipgate Trade doesn’t provide a good trading platform such as MetaTrader, but only a WebTrader.
No, Ipgate Trade doesn’t offer its customers a risk-free Demo account.
Ipgate Trade is not a legit broker. In case you have already invested your hard-earned money, get in touch and we might be able to assist you with this matter.
Ipgate Trade doesn’t provide a good trading platform such as MetaTrader, but only a WebTrader.
No, Ipgate Trade doesn’t offer its customers a risk-free Demo account.
The post Let’s Review Ipgate Trade Broker And Its Disadvantages appeared first on Global Fraud Protection.
