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IPrimeCapital does not allow me to withdraw my profits or my investment since April. I have invested $208.92us. Without the consent, they change the currency from usd to iusd, and it does not allow withdrawals, it has made updates to a new application but now we have to invest to make mining. iprimecapital.com
The Iprime review reveals a concerning picture of this forex broker, with numerous reports highlighting issues related to unregulated status, withdrawal difficulties, and overall negative user experiences. Many users have reported being unable to withdraw their investments, raising significant red flags regarding the broker's legitimacy.
Note: It is essential to recognize that Iprime operates under different entities across regions, which adds complexity to its regulatory standing and user experiences. This review synthesizes information from various sources to provide a comprehensive overview of Iprime's operations.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service and Support | 1 |
| Trading Experience | 2 |
| Trustworthiness | 1 |
| User Experience | 1 |
| Overall Score | 1.67 |
We rate brokers based on user feedback, regulatory compliance, and overall trading conditions.
Founded in 2021, Iprime, also known as Intelligence Prime Capital, is a forex broker that claims to offer advanced trading solutions, including AI-driven trading bots. The broker operates on the MetaTrader 4 platform, which is widely recognized in the trading community for its robust features. However, the broker has faced significant scrutiny regarding its regulatory status, with claims of being unlicensed across multiple jurisdictions, including Canada and the U.S.
Iprime primarily offers trading in forex, cryptocurrencies, commodities, and indices. Despite its claims of providing high returns through its proprietary trading bots, the lack of regulatory oversight raises concerns about the safety of client funds.
Regulatory Status: Iprime has been flagged for operating without valid licenses. Multiple sources indicate that it is unregulated, which poses a high risk for traders. According to Broker Complaint Alert, Iprime is blacklisted by several financial authorities, including the Canadian and New Zealand regulators.
Deposit/Withdrawal Methods: Iprime primarily accepts cryptocurrency deposits, which can be a red flag for many investors. Users have reported significant difficulties in withdrawing their funds, with complaints highlighting that withdrawal requests are often denied or delayed indefinitely. As noted in a SiteJabber review, many users expressed frustration over being unable to retrieve their investments.
Minimum Deposit: The broker does not clearly specify a minimum deposit requirement, which is common among unregulated brokers. This lack of transparency can lead to further complications for potential investors.
Bonuses/Promotions: While Iprime promotes its trading bots as a means to achieve high returns, there are no clear details regarding bonuses or promotional offers available to users. This absence of information can be indicative of a lack of genuine promotional activity.
Cost Structure: The cost structure, including spreads and commissions, remains vague. Most reports suggest that spreads are significantly higher than industry standards, which can diminish potential trading profits. According to Forex Brokerz, the broker's spreads are not competitive, further complicating the trading experience.
Leverage: Iprime claims to offer leverage of up to 1:500, which is significantly higher than what is permitted by many regulatory bodies. This high leverage might attract risk-seeking traders but poses considerable risks, especially for inexperienced investors.
Trading Platforms: Iprime offers the MetaTrader 4 platform, which is a standard in the industry. However, reports indicate that users often face issues accessing the platform, particularly when attempting to execute trades or withdraw funds.
Restricted Regions: Iprime appears to operate in multiple regions but lacks the necessary licenses to do so legally. This unregulated status raises concerns, especially for users in jurisdictions with strict financial regulations.
Customer Service Languages: Customer service options are limited, with many users reporting poor communication and unresponsive support teams. As highlighted in various reviews, the lack of accessible customer service has led to increased frustration among users.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 2 |
| Tools and Resources | 3 |
| Customer Service and Support | 1 |
| Trading Experience | 2 |
| Trustworthiness | 1 |
| User Experience | 1 |
| Overall Score | 1.67 |
Account Conditions: Users report that account conditions are unfavorable, with high spreads and unclear fee structures. Many have described their experiences as frustrating, particularly regarding the withdrawal process.
Tools and Resources: While Iprime claims to provide advanced trading tools, user feedback suggests that the tools are either ineffective or inaccessible, leading to a poor trading experience.
Customer Service and Support: The customer service rating is alarmingly low, with numerous complaints about unresponsive support and difficulty in resolving issues, particularly related to withdrawals.
Trading Experience: The overall trading experience is marred by technical issues and a lack of support, leading many users to express dissatisfaction with their trading activities on the platform.
Trustworthiness: The lack of regulation and numerous user complaints about withdrawal issues contribute to a low trustworthiness score. Iprime is frequently labeled as a potential scam by various review platforms.
User Experience: The user experience is characterized by frustration and disappointment, with many users reporting that their investments have been effectively locked within the platform.
In conclusion, the Iprime review paints a troubling picture for potential investors. The combination of unregulated status, poor customer service, and numerous complaints about withdrawal issues makes it a broker that should be approached with extreme caution. Users are advised to consider regulated alternatives to safeguard their investments.
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