Beware! Ivision Market is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Ivision Market is the common FX scam down to every last detail. Nothing here surprised us. Read on to see how typical a scam this broker is.
We are told that the broker is registered in the UK but regulated by the NFA, one of to regulated in the United States, the other one being the CFTC. A single NFA regulation is not enough, as the broker must also be approved by the CFTC, but to consider Ivision Market as both a US and UK based broker is to place such an amount of responsibility on the broker’s shoulders that it would collapse. Of course, for a firm like this one such a burden is impossible, and in fact only very few brokers world wide can be regulated in the US and the UK at the same time, and those that are the best brokers in the world, with billion in capital and dozens of years in the industry: they are the industry’ s core.
In the legal documents, Ivision Market states to abide by the laws of Labuan, which completely erases the previous legal claims, and gives this broker the much deserved “offshore” status, that we have come to expect from companies that look like Ivision Market. But Lebuan doe snot have a regulator, and so even if the firm is incorporate there, it still is unlicensed and a risk to all.
Another sign of Ivision Market’s scammer side is the fact that it offers bonuses. But here they are risky with tons of withdrawal requirements that make it impossible to take out money. If you want to trade with legit broker offering bonuses, look at these. But beware that bonuses are very risky and not well adjusted for the FX industry.
|Guaranteed Funds||Segregated Accounts||Negative balance protection|
|UK regulated brokers||£85 000||Yes||Yes|
|EU regulated brokers||€20 000||Yes||Yes|
|AU regulated brokers||No||Yes||Yes|
|US regulted brokers||Yes||Yes||No|
Ivision Market Trading software
|Analytical tools||Auto trading||Custom indicators||Mobile apps|
|Ivision Market MT5||❌||❌||❌||❌|
|cTrader||40+ indicators||✅||✅||Android and iOS|
We confirm the presence of the MT5, but ot was all pretty useless since the broker is unregulated. Moreover, the link to thwe MT5 might as well be stamped with a “virus here” label. Such links offered by scammers are almost always ready to unleash a malware into your computer. So, we have the MT5 but did not open it. You wont believe how many scammer brokers offer the MT4 or MT5 but are too dangerous to trade with.
Ivision Market Trading instruments
The website claims that the available assets to trade with are forex currency pairs, cryptocurrencies, metals, energies, shares, and indices. Now, these may not actually be what the MT5 offers, but who really cares considering that Ivision Market is a scam and a risk to all.
Ivision Market Spreads and cost of trading
|Spread EURUSD||1.4 pips||0.6||1||1.1|
The advertised Standard account cost of trade is 1.4 pips, but again there is no way to make sure. This is a good spread, but it can be left behind considering that most legit brokers offer very competitive spreads.
As for the 3 account types, they rarely apply, and when they do it’s not as advertised. So readers should not think about them.
Ivision Market Maximum leverage
|UK regulated brokers||30:1||5:1||❌||10:1||10:1|
|EU regulated brokers||30:1||5:1||2:1||10:1||10:1|
|AU regulated brokers||30:1||5:1||2:1||10:1||10:1|
|US regulated brokers||50:1||❌||❌||❌||❌|
The leverages are laid out. At 1:500 is the leverage of the standard account, 1:1000 for the most basic, and 1:300 for the highest tier. But these leverages are not to be trusted, and not to be meddled with. In fact, all there is to the broker is its scammer broker. Look to these high leverage brokers for further opportunities.
Ivision Market Deposit and withdrawal methods
|Deposit time||Withdrawal time||Fee|
|Bank wire||No information||24 hours||No information|
|Cash Deposit||No information||24 hours||No information|
|“Wallet”||No information||24 hours||No information|
In the user area, we find out that the available methods for investing are bank transfers, cash deposits, and some sort of “wallet” left unexplained. All payment methods are bland and uninformative, and the client area is uninformative and does not really give us hope. Actually, after some time we discovered that the only real way to invest in by bank, while the other two methods seems to be inactive.
All withdrawals take up to 24 hours to process according to the legal docs; also the documents mention that e-walelts take 48 hours to process which is fake news since there are no e-wallets anywhere.
Ivision Market Minimum deposit
The minimum deposit is $1000 for the Standard account, which is way too high and definitely outdates, considering that most brokers offer as lows as $10. Here just some of these minimum deposit brokers.
Ivision Market Withdrawal requirements
|Trading volume||Fee/Tax on withdrawal||Minimum withdrawal|
|Ivision Market||Undisclosed turnover requirement||No fees||No information|
|UK regulated brokers||No||No||No|
|EU regulated brokers||No||No||No|
|AU regulated brokers||No||No||No|
|US regulated brokers||No||No||No|
We learn in the legal documents that there are no fees for deposits and withdrawals issued by the broker. Instead, there might be third party fees, i.e banking commissions.
Moreover, the website offers payment conditions on payment methods that do not exist, which actually another sign of how bad this broker really is.
There is also a “no trading activity” clause in the legal provisions, which is definitely a sign that the broker is greedy. The clause states that if there is no activity after depositing the broker can claim 50% of the deposit. Moreover, if a withdrawal request is made if no trading activity has been previously made, the broker will charge a 3% fee from the withdrawal amount. A common scammer clause.