Overview of IC Finance review:
IC Finance claims to be a major online brokerage firm that has its operations all around the world. The brokerage firm claims that it has acquired its position in the top brokerage firms by tailoring the accounts and benefits according to the choice and needs of the customers. However, all these claims were soon proved completely false as the red flags against IC Finance began to unfold. If you find this review on IC Finance scam helpful, share it with your loved ones to help them. Read on to know about the IC Finance scam in this IC Finance review.
About IC Finance:
In this section, we will talk about all the demands and offers met by IC Finance. We will also be explaining all the different red flags that the company poses.
IC Finance Regulation:
An unregulated brokerage firm is the equivalent of a scam brokerage firm. Readers must note that if a scam broker is not regulated by the top-tier regulators, it clearly means that they are trying to hide something. In our case, IC Finance claims to be owned and operated by IC Finance Ltd. After checking a bit into the so-called parent company, we found out that IC Finance Ltd. states that it is registered at the Vanuatu Financial Services Commission or the VFSC. Although Vanuatu belongs to the offshore zones, we still decided to check the Vanuatu Financial Services Commission’s website for registration. It was not a big surprise that IC Finance’s name was not there. This simply means that IC Finance is unregulated and is lying blatantly on their website. This raises the first red flag against the IC Finance scam in this IC Finance review.
IC Finance Demo Accounts:
There are a variety of red flags against IC Finance. The fact that this brokerage firm does not offer a demo account is problematic. A demo account is very important when it comes to the new traders who need to try it once before making an account and investing money. Not offering demo accounts indicate that the company wants the customers to incur a loss which will result in the profit of IC Finance. This raises yet another red flag against the IC Finance scam in this review.
IC Finance Leverages and Spreads:
In the financial market where the leverage is capped at 1:30 and 1:50 in various countries, IC Finance offers leverage up to 1:500. This is clearly problematic and shows the ill intentions of IC Finance. This raises a red flag against the IC Finance scam. The company also offers a series of unrealistic spreads which are far worse.
IC Finance trading platform:
IC Finance provides its customers with a random trading platform that is full of flaws and does not have advanced features. The fact that the company did not opt for the industry’s leading software such as the MT4 or MT5 indicates that something is wrong with the intentions of this company.
Conclusion: Is it a scam or legit?
To sum up, all that has been said above, we can safely conclude that IC Finance is a clear scam. We request our readers not to trade with this scam broker. If you have been scammed by IC Finance, report now and get instant replies with solutions to recover your funds.Get knowledge of more scam brokers! Scam Brokers 2022