IBAMarkets is a forex broker. IBA Markets offers the MetaTrader 4 forex trading top platform. IBAMarkets.com offers over 5 forex currency pairs, indices, commodities, cfds, gold and silver for your personal investment and trading options.
They claim to offer trading account, binary options, CFD's, hedge funds, SIRP/IRA accounts and will happily encourage you to borrow to invest (they will even submit the loan applications). They will show you a little "return on your investment" (really just a little of your own money back)... and then the contact will stop. Then they wont return calls, emails ... or your money.
Dec 20, 2016,
Received a call from ibamarkets.com, tried to sell me their managed service, what gave them away was,
1. Trade only bull market. Now this is stupid, a trader trade both bull and bear market.
2. They claim they are regulated by FCA, while on the phone a quick search at https://register.fca.org.uk/ reveal they do not have authorised operation
3. The legal department (yes, they 'transfer' me to legal department) personnel to me that, they are the only company listing their regulated license online. Now this is another BS, any genuine brokerage will market their company if they are regulated for simple reason, it is safer for investor.
Stay AWAY FROM them!
London, United Kingdom,
Dec 14, 2016,
Overall, I would suggest to stay away from IBA Markets
Hi there, I want to say a couple of things about IBA Markets. I am not a big investor but the attitude towards me was very careless. In the end i ended up losing my whole balance. I invested £500, in one and a half months, my balance went up to £1400. The trader himself was sometimes trading on my behalf without my consent. When my trades were in minus on the chart, somehow the trader closed the trade with a profit. I allowed the trader to open the trade on my behalf because I couldn't locate oil index. The next day, I lost all my money. If you've got money to throw away and want to come across the worst traders, these are the guys to seek.
Jeddah, Saudi Arabia,
Nov 20, 2016,
Biggest scam.. don't invest with them
Very bad money management, with bad intentions to let you loose all your earned money together with your capital. They pressure their clients and harass them to deposit more money although they are loosing. All positions are opened against the market movement and without stop lose limit. They are claiming that they are the best but actually they are the worst. Don't invest with them