Caution Investors IB Platform – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
IB Platform Review: A Crypto Scam to Avoid
Overview:
IB Platform is a cryptocurrency trading platform that claims to offer high returns on investment, low fees, and advanced trading tools. However, there is no evidence that IB Platform is a legitimate or trustworthy company. In fact, there are many red flags that indicate that IB Platform is a scam that should be avoided by anyone who values their money and security.
Regulation and Compliance:
One of the most important factors to consider when choosing a crypto trading platform is whether it is regulated and compliant with the laws and regulations of the jurisdiction where it operates. Regulation and compliance ensure that the platform follows certain standards of transparency, security, and customer protection. However, IB Platform does not provide any information about its regulation or compliance status on its website or in its terms and conditions. This means that IB Platform is operating illegally and without any oversight or accountability. Furthermore, IB Platform does not have any license or authorization from any reputable financial regulator, such as the Financial Conduct Authority (FCA) in the UK, the Securities and Exchange Commission (SEC) in the US, or the Australian Securities and Investments Commission (ASIC) in Australia. This means that IB Platform is not subject to any rules or regulations that protect investors from fraud, manipulation, or abuse.
Customer Reviews:
Another way to assess the credibility and reputation of a crypto trading platform is to look at the customer reviews and feedback from other users. However, IB Platform does not have any genuine or positive customer reviews on its website or on any independent review site. Instead, IB Platform has many negative and alarming reviews from customers who claim that they have been scammed, cheated, or robbed by IB Platform. Some of the common complaints include:
– IB Platform does not allow customers to withdraw their funds or profits.
– IB Platform charges hidden fees and commissions that are not disclosed upfront.
– IB Platform uses fake testimonials and endorsements from celebrities and experts.
– IB Platform uses aggressive and misleading marketing tactics to lure unsuspecting customers.
– IB Platform does not respond to customer inquiries or complaints.
Products and Services:
IB Platform claims to offer a variety of products and services for crypto trading, such as:
– A web-based trading platform that supports multiple cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Ripple, and more.
– A mobile app that allows customers to trade on the go.
– A demo account that allows customers to practice trading with virtual money.
– A referral program that rewards customers for inviting their friends and family to join IB Platform.
– A learning center that provides educational resources and tutorials on crypto trading.
However, none of these products and services are reliable or functional. The web-based trading platform is poorly designed and has many technical glitches and errors. The mobile app is not available on any app store or download site. The demo account is rigged and manipulated to show unrealistic profits and returns. The referral program is a pyramid scheme that pays commissions from new customers’ deposits. The learning center is outdated and inaccurate and does not reflect the current state of the crypto market.
Location:
IB Platform does not disclose its physical location or address on its website or in its terms and conditions. This makes it impossible for customers to verify the identity or legitimacy of the company behind IB Platform. Moreover, this also makes it difficult for customers to seek legal recourse or assistance in case of any dispute or problem with IB Platform. Furthermore, IB Platform uses a generic domain name (.com) that does not indicate its country of origin or operation. This suggests that IB Platform is trying to hide its location or jurisdiction from customers and authorities.
Customer Service:
IB Platform claims to have a professional and responsive customer service team that is available 24/7 via phone, email, or live chat. However, this is not true. Many customers report that they have been unable to reach or communicate with IB Platform’s customer service team. The phone number provided on the website is either disconnected or busy. The email address provided on the website bounces back or does not receive any reply. The live chat feature on the website does not work or connect to a bot that provides irrelevant or automated responses.
Is Your Money Safe in an unregulated company?
The answer is no. Your money is not safe in an unregulated company like IB Platform. Unregulated companies do not have any legal obligation or responsibility to safeguard your funds or personal information. They can use your funds for their own purposes, such as paying for their operational costs, covering their losses, or funding their fraudulent activities. They can also expose your funds to high risks of theft, hacking, or cyberattacks. Moreover, they can also share your personal information with third parties without your consent or knowledge, which can compromise your privacy and security.
Conclusion:
IB Platform is a crypto scam that should be avoided by anyone who wants to trade cryptocurrencies safely and legitimately. IB Platform has no regulation, no license, no reputation, no transparency, no customer service, and no security. It is a fraudulent company that is designed to deceive and exploit customers and steal their money. Do not fall for their lies and promises. Do not invest your money with IB Platform. You will only lose it and regret it.
