Ivy Trusts Review

Read our Ivy Trusts review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is an ivytrusts.com review.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.

So Ivy Trusts is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.

How does it work?

Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.

Make sure you leave reviews about Ivy Trusts in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.

Ivy Trusts Review Conclusions

Making the Ivy Trusts review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Ivy Trusts review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected]
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.


3 COMMENTS

  1. I somehow got myself involved with this company back in January 2020. As a novice with trading they insisted they would help and guide me. What a terrible experience. The first couple of people that were supposedly helping me convinced me to max out my credit card which foolishly I did as they convinced me that was the best thing to do. Very quickly they lost my money approximately $10,000USD. Of course then I had lots of interest to then pay on my credit card and had to borrow to pay off so it didn’t get any worse. I then posted a negative review to hopefully help other people not get themselves in the same sort of predicament. I then had a phone call from one of the managers, Andrew Gibson, who told me if I withdrew my comment he would get permission to get me a bonus of $5000USD to use for trading and he would help me retrieve at least some of my money. For months he would ring periodically and we would make trades towards the end he would say he was going to call then wouldn’t. Then yesterday I had a call from Alex Marks, Vice President Private Portfolio Advisor, telling me he was there to hopefully retrieve some money for me. Whilst I still had about $4700USD in the loaned bonus account he said that wasn’t nearly enough and I would have to add more money, which I explained I didn’t have any money to use thanks to their trading for me. He explained it was much better to trade in successful companies such as Netflix and not currencies which is what Andrew had me doing. But as I wasn’t able to put up more money he couldn’t help me so wished me well and said goodbye. He then sent me an email showing me trades with a heading “TOLD YOU SO” which I found extremely inappropriate. My total loss including interest on credit card would have been close to $20000AUD. I hope I have explained well enough that no one else will be sucked in as I was. I SUGGEST STEERING CLEAR OF THIS COMPANY

  2. Agree Ivy Trusts is a SCAM.

    I reported my honest bad experience with Ivy Trusts on Trust Pilot back in June 2020. Ivy Trusts threatened me with legal action if I didn’t remove my 1 star review. I refused to remove it. But between Ivy Trusts and Trust Pilot, they keep removing my review and I haven’t been able to get my review back on.

    I dealt with Ross Feldman since May 2020 who convinced me over time to put a large sum of my AUD savings in, $25,000 with talk of aiming to make at least 20 to 30% per month (possibly more). This was through their trading platform investing in foreign exchange and commodities etc. Even though I knew it was too good to be true, he had an answer for everything along the lines of easily making so much money due to the market movements during this COVID time. We traded small and made a few hundred dollars and did a test withdrawal. Regardless, due to feeling the pressure of putting even more money in, I was very nervous and uneasy which Ross was aware of. On Thursday 25 June 2020, I requested a full withdrawal of my balance which at this stage was basically the full amount I deposited. But they would not allow me to do this so easily. I was kept on the phone for a very long time, firstly from Ross then his manager Peter (45 mins) who convinced me to gain their trust over the next 4 days (as they wanted to keep me as a long term client). And I would be given VIP service with extra bonuses and within days I would have their trust. I felt very pressured with no choice and thought well they are not going to easily give me my money back now anyway, because I said so many times prior to 25 June, I want to withdraw. Ross called within minutes and we traded as per his recommendations. It was a quick session with 4 trades and I was not clearly told what my risk was through the process. I woke up the next morning with my balance halved. I was then told the trading session hasn’t finished and I need to keep trading. I wasn’t prepared to risk my other half overnight again so very clearly stated I want a full withdrawal. I withdrew the half they didn’t lose on 30 June 2020. I am shocked I got that half back. I guess they have to appear to be doing the right thing to some degree for some time so they can scam others. Agree with the other Christine 100%. STEER CLEAR.

    I have also reported them to authorities and suggest others do too. The sooner they have to pack up their scam, the better.

  3. I agree with the above comments. Fortunately I only paid in the minimum deposit (AU$450) but I have not got it back so far in spite of their promises. It all happened as explained in the review above and would seem to be a classic scam tactic. Better to be forewarned and steer clear of companies like this.

    Rating: 1

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