Reason to avoid: No License
Listed Date: November 6, 2018
Top 3 Regulated Forex Brokers
Beware iMarketsLive is a Non Regulated Broker. It is NOT SAFE to trade.
- Company name:
International Markets Live Limited. iMarketsLive
- Registration Address/ License:
London, UK. New York, USA. No License, No Regulation.
International Markets Live Limited, which uses a trading name declares its offices in London and New York. The company promises education, enrichment and empower of every engaged customer, while currently, the company serves thousands of clients. The company offers an extensive proposal on education, trading itself along with the opportunity to invest with Forex and specifically cryptocurrencies. The firm presents themselves mainly as an educational source but it’s obvious that further on the open account within their platform.
However, there is no any mentioning about the regulation or compliance to the international laws, therefore the broker is unregulated. Actually, that means that the firm is not a legal entity and have no rights to offer their services to the clients, as simply their operations are not set to standards to protect clients.
In addition to that in order to educate and warn clients, the respected authorities constantly check on the activity among the marketing offerings and issue warnings against those who seem to be fraud companies. Therefore, iMarketsLice appeared in various issues within the regulators, as well as if you check on the reviews from the traders you find nothing but complaints with typical problems alike holding of withdrawals.
“International Markets Live is not, authorized to offer financial services and products in Belgium. Moreover, the system proposed by International Markets Live exhibits features characteristic of a pyramid scheme.”
Overall, it should be the priority of any trader to choose only among safest brokers, that are usually regulated brokers and not to engage with companies like iMarketsLive. Specifically, that there are numerous warnings that include industry reputable regulators like CNMV, AMF and other.