Interesting note. IPT Markets (Index Premium Trade Markets) is owned by "BLACK PARROT LIMITED" located in the Marshall Islands. It is managed by "BLONDE BEAR OU" or "BLONDE BEAROU". This is according to their terms and conditions. Assuming that these are "real" entities formed in Marshall Islands, I think the chances of getting profit is nearly zero.
On page 8, the section "MARKETING PROMOTIONS & BONUSES"
"...IN THE INTEREST OF FAIR TRADING , CUSTOMER MUST BUY OR SELL AT LEAST 3 LOTS, IN THE REAL-MONEY MODE, FOR EACH UNIT OF $10 BONUS GRANTED BY IPT MARKETS BEFORE SUBMITTING ANY WITHDRAWAL REQUESTS."
So if you got a $87 bonus, then 26 lots (3 x 8.7) was required volume to be traded.
on the same page 8, further down it states.
"...IN CASE THE DEPOSIT BONUS THAT HAS BEEN PROVIDED EXCEED 25% OF THE INITIAL DEPOSIT, A CUSTOMER REQUEST TO WITHDRAW FUNDS PRIOR TO MEETING THE LOTS TRADING REQUIREMENT FOR WITHDRAWING THE BONUS ALLOTTED FUNDS NOT COMPLETED, THE BONUS RECEIVED, AND PROFITS WILL BE DEDUCTED FROM THE REQUESTED WITHDRAWAL AMOUNT.
again i will repeat:
Actually, the fact that the broker is loosely regulated, and is offering deposit (or any other bonuses) is highly suspicious. There is a reason why bonuses of this kind are blocked in most developed countries, as it turns serious financial institution into a gaming/casino type of operation.
On page 24 (labeled 21) "Deposit and withdrawal policy"
"...IPT MARKETS' S CUSTOMERS MAY REQUEST A WITHDRAWAL OF FUNDS AT ANY TIME, FOR ANY REASON. IF A CUSTOMER WOULD LIKE TO MAKE A WITHDRAWAL, ALL ONE MUST DO IS TO FILL OUT THE WITHDRAWAL REQUEST FORM.
IN ORDER TO ENSURE A SUCCESSFUL PROCESSING OF THE WITHDRAWAL REQUEST, CUSTOMERS MUST MAKE SURE THAT THE FORM IS COMPLETE AND SIGNED. THE CLIENT WILL RECEIVE THE CONFIRMATION E - MAIL ONCE THE REQUEST HAS BEEN
RECEIVED. WITHDRAWALS CAN ONLY BE PROCESSED IN THE SAME CURRENCY USED AT THE TIME OF THE CUSTOMER'S INITIAL DEPOSIT..."
So again I must ask OP, did you receive the deposit $175?
Also, did OP read any of the terms/conditions?
Does OP have a different copy of the terms and conditions that can be uploaded?
This guide helps to discern how to categorize a broker tier, which helps determine how legit the broker's operation is.
@AsstModerator can you update the company review page to show the alternate names:
Index Premium Trade Markets
BLACK PARROT LIMITED
BLONDE BEAROU