ibex markets review

Read our Ibex Markets review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a ibexmarkets.com review. They also go by name ibex mkts.

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 Ibex Markets 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 Ibex Markets 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.

Ibex Markets Review Conclusions

Making the Ibex Markets 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 Ibex Markets 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.

REVIEW OVERVIEW
ibex markets review
ibex-markets-review-ibexmarkets-comRead our Ibex Markets review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a ibexmarkets.com review. They also go by name ibex mkts. Who are they? After taking a look at their website, it shows that...

9 COMMENTS

  1. I have had the misfortune to get involved with Ibex and Grandefex, both are lowlife, liars, scammers and thieves, throw in patasites! They have no morals and just prey on destroying lives by stealing clients money. I would like to rate them a negative 10 but they do not even deserve that, may all who work for them rot in hell.

  2. Ronald
    I have been to late with taking the effort to first checking out the Broker iBex Markets.com.
    I will tell you I checked out a Trading Robot review before I joined that it was genuine.
    However,after signing up I had iBex Markets contact me as the Broker to be used.
    They were very convincing and offered Bonus as extras etc.
    I should have been awake when I offered to use my Pay Pal account,they said they do not accept Pay Pal.
    I then used my American Express.
    That was the last.

  3. Looks like Ibex has caught me as well, as they have been asking for margin calls, and my balance has gone down to just about zero tonight.
    I have emailed them to ask what is going on so will wait until I talk to them again and if not satisfied, will do as you suggest, contact my bank and my credit card company.
    Thank you very much.

    Rating: 1
  4. well, my balance went back up again, I don’t know how they do this unless the platform that I can access on my computer is rigged as well, and now since the weekend has gone down to 8 euros balance.
    I contacted them again and yes, my money is gone unless I deposit more money they are saying.
    So, looks like I will be in contact with my credit company tomorrow.
    What a pack of arseholes in scamming people.

  5. I got a random call with no voice mail left. I put the number into a Google search and found the name iBex. With that information I found the your review page. I returned the call to see who it was and if it was iBex. I left a voice message. The next day I got a call again and this time had a long friendly conversation with a foreign voice. He said I sounded younger than my 64 years. I was wondering what this had to do with anything other than some sort of misguided flattery. I was soon chatting away answering his questions about my life and found my self telling him I wanted to marry again but needed money to do that. This was info he zeroed in on and suggested online trading would help me. He kept on and saying I only needed $500 to start. Luckily I don’t have any money to spare as I’m bankrupt. He kept on till I was feeling a bit harassed. Even my mention of bankruptcy didn’t phase him. Then I mentioned I knew he was calling from iBex. That threw him and he seemed taken a back that I should know this. Took all of 5 minutes on Google to find out. No big deal. He then let me go. He wanted to send me an email with information but I replied I would simply go to the iBex website and find the same info. He admitted I seems reluctant and without an email we couldnt proceed. I stuck to my guns and held onto my personal info. He called again today and I just hurried him off the phone saying I had no money to invest in anything, not even a lottery ticket. Now that I have read the reviews on this site I think perhaps I’d have as much chance making money on a lottery ticket as I would with iBex. BEWARE

  6. WHATEVER you do DON’T let IBEX Markets scam you !!! They stole 3,800 euro from me.
    Yes they are convincing & they do seem professional. That’s because they are- professional scammers !!!
    If you have been scammed join me in writing to both Apple & Android App departments and inform them as a customer of that app platform you have allowed me to be scammed through your platform !
    If we put pressure on them they will close their Apps down !

  7. Well it looks like I have been sucked in also – darn, I have not given anymore than the deposit so will endeavour to get this back but fortunately I can afford the loss if I dont darn! Should I be getting hold of my bank – I havent given any bank details at this point…. appreciate advice

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