IKTrust.com Review

2.429 • 6 REVIEWS
Out of business
Updated: Apr 13, 2022
IK Trust is a forex broker. IK Trust offers the MetaTrader 4 forex trading top platform. IKTrust.com offers over 30 currency pairs for your personal investment and trading options.

WARNING WARNING WARNING

This broker is reported to be requiring a minimum number of trades before clients can withdraw their deposits, even if there are no bonuses.  Reports are that IKTrust has imposed this new rule even on older accounts.

The FPA has never seen or heard of such a rule before.  If this has happened to you, please leave a review here and open a thread in the Scam Alerts Folder.

Until this issue is cleared up, the FPA recommends AGAINST placing any money with IK Trust.  It appears that they could change the rules at any time and block your access to your money.

Website is down. Company seems to be out of business.
IKTrust.com
Out of business
2.429 • 6 REVIEWS

Recent User Reviews of IKTrust.com

M
Moslem Lotfi Garavandi
Iran, Iran, Islamic Republic of,
Apr 16, 2013,
Guest

Helllo all the person on the here.

this is Moslem Lotfi with 22 Years Old from iran.

i had a account with the IK trust broker 5 month ago when i wanted to have withdraw request they said us our server is upgrating and we will accept Your request the first day of the New year. then after the new year i was always next to the my system to there answer after 4 month they brought a new website and a new platform for give new product to the there clients and i was happy to have chance for get my money back.

(look at there email)

Dear Sir / Madam,
We are freezing all withdrawal processing request for affiliates and normal trader accounts for 2012 because of server upgrading process and the closing of our financial year account. Kindly resend your request after the first week of January 2013. We apologies for the delay and we hope to serve your better in future on our updated server.
Thank you.
For futher enquiries feel free to email us at support@iktrust.com

then they sent us an email on that email they wrote on the this time 01/03/2013 we will start to give u Your trading account and we were happy and were ready to give our account.

then we send all our document they wanted after near 1 month later they gave our trading account with extreamly Problems. then

i completed a form for have withdraw from my trading account they they say us the F***ing Rule and that Rule wasnt on any broker and for example they have a this rule to have withdraw on this broker.

(look at there email)

Dear sir

We are sadden by the news that you have written to us but strict rules is applied to strengthen our business so we have to adhere to our new policy.
For further enquiries feel free to email us at support@iktrust.com

other email then.

Dear client

For client that have been transferred to a new platform, we are applying a new set of rules for you to request a withdrawal :

You have to trade a certain number of lots before we can proceed with your request ;-

account mini = 50 lot
account standard = 80 lot
account premium = 100 lot

This is compliance with a new management rules on our current trading platform. Thank you for your consideration and supporting IKTrust as your preferred brokerage.
For further enquiries feel free to email us at support@iktrust.com

some of the clients got that lots on the 1 week some person lose there account and after that they send us this email :(((((((

look


Dear client

That is for previous account holders. Our current account is :

account mini = 150 lot
account standard = 180 lot
account premium = 200 lot

Please adhere to our current regulation.
For further enquiries feel free to email us at support@iktrust.com

Regards

Mr. Richard Powell
Senior Support Executive
Customer Support Department
IK Trust Capital Market Corporation Limited
New Zealand Company Reg. No. 3851316

and now we have to get near 200 Lots for get our money back..

my account was 4379$ on there from the start to know i got near 110 Lot and i lose near 2000$ from my money please node that i'm not a bad trader they do very bad work to me for example 4-5 hour in the day my account is disable and i cant have access to my account and they disable the trade then they changing the stop Level i remmeber i had near 2 Lots sell at gbpusd and my stop level was 180% and the stop Our level for this account was 44% they disabled my account when its come back to enable they close all my postion on the lose and reduce the stop out to 180% and they increase the spread from 2 pips to 8 pips.

and now i have gbpusd sell and my TP was 1.5344 and the price is 5322 and still my postion is open dont think this is good for me because sometimes they dont close my stop loss and its very bad for me.

if they didnt do this work to me i will increase my account more than 10.000$ but unfortunately i'm on the bad situation with this broker.

acourding to the some guy's speaking they said start to contact to the regulation and maybe they fixing the problem i do alot of work on this 5 month look at this email this email send to me from the regulation.

look at this email:

Thank you for your email of 21 March 2013.

We have received a number of complaints about IK Trust Capital Market Corporation Limited.

Our CEO, Susan Taylor, has requested information from IK Trust. There has been no response from IK Trust. Therefore the decision has been made to terminate their membership with FSCL. Unfortunately, this means our office is unable to assist you with your complaint.

IK Trust has been deregistered by the Financial Service Providers Register.

You may wish to seek assistance from the Financial Markets Authority www.fma.govt.nz . The Financial Markets Authority regulates New Zealand’s financial markets.

Yours sincerely


Rhonda Singleton | Enquiries & Administration Manager

P: (04) 472 3725
F: (04) 472 3728
E: rhondasingleton@fscl.org.nz

www.fscl.org.nz


now from the all person on the this forex peace Army please help us to give our money back we are on the bad situation and we need to Your Help any person from the Newzealand or any person who can help us please tell me below here is all my contact

my skype is : ahvaz-forex

my email is: moslem.bourse {@} gmail.com

my phone number is : +989303553529
E
Elena
, Malta,
Apr 8, 2013,
Guest

Very bad broker. cannot withdraw funds for 2,5 months. I am taking them to the FPA Traders Court.They never warned me officially that after upgrading their server I have to trade 180 lots in order to withdraw my own funds! What right they have to keep my funds- it is proper stealing!
T
Trader Australia
, Australia,
Jan 23, 2013,
Guest

I have deposited funds into my account and they have not placed the correct amount in there. Also, the MT4 is operating but you cannot place a single trade. Pending orders not executed, market and instant orders not executed. Customer support has not answered or replied to my emails at all! Total SCAM broker, ring the contact numbers you will find no one in support from IKtrust. DO NOT TRUST This broker. They should be shut down..

2013-01-23 1 Star To the traders who have posted good comments. Total BS! They are a scam broker. They do not have customer service. I have called the numbers on the website and you will find a receptionist who knows nothing about the company. You will not find someone in the company to talk with. Support will not get back to you via email, or skype or a call. Do not trade with this SCAM broker. Im not affiated with any broker, am a trader and say it the way it is. Try for yourself call the numbers on the website, contact support. All BS!!!
A
anumalik
pakistan, Pakistan,
Nov 24, 2012,
Guest

i have noticed that their prices as compare to other brokers are 10 pips less i.e market price. i have checked this with 8 brokers their market price is not the same.
A
adibputra
kuala Lumpur, Malaysia,
Oct 30, 2012,
Guest

We have tried to make deposits and withdraw at this broker. All business is good. exactly what is promised 100% in trust. keep it up iktrust
S
Shamil Prasad
Kandy, Sri Lanka,
Oct 26, 2012,
Guest

I have joined 2 weeks back and received No deposit bonus.
have issue with online support. still didn't reply for a support ticket /message whi sent before 24 hours
seemd like a good broaker
P
pouya ghiaci
tehran, Iran, Islamic Republic of,
Oct 7, 2012,
Guest

I opened a live account with them and I'm really happy to have this account with them
Their Support is always online on skype and the order executions are great.