While some brokers are putting you through tough times, IBS Asset is solely focused on making your trading strategies work for you. Honestly, we haven’t come across any broker yet that truly works for its clients. Most often, they pursue only their own interests, especially if it’s a scam. Could we be wrong? All the answers will be provided in our review.
- IBS Asset General Information
- Registration and Client Portal Review
- Trading Conditions
- Account Types Review
- Trading Platform
- IBS Asset — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is IBS Asset a Scam?
- Legal Information and License
- Ibsasset.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
IBS Asset General Information
| Website | https://ibsasset.com/ |
| Phone Number | — |
| support@Ibsasset.com | |
| Address | De Cuserstraat 87 1081 CN, Amsterdam |
| License | — |
| Minimum Deposit | $250 |
| Assets | CFDs |
| Leverage | Up to 1:500 |
| Trading Platform | WebTrader |
Registration and Client Portal Review
The official website of IBS Asset looks quite primitive. We didn’t find any unique features on it. The dark, rather dull background invokes some sadness. Overall, the site uses some absolutely template-like images, which designers clearly didn’t put much effort into. Moreover, the copy-paste function is disabled for some reason. However, these are all minor issues compared to the fact that there is practically no information about the company on the website. Only minimal legal details are provided, and nothing is mentioned about its licenses. The document section is also minimal. The website’s organization is quite primitive. The menu is simple, and the overall value of some sections is very questionable. Well, at least the site is available in several languages, including English, Spanish, German, and Italian.
We went through the registration process to understand how simple it is. And we want to share our impressions with you. It’s not just simple, it’s downright primitive. In fact, all you need to do is fill out a small questionnaire with personal data. In principle, you can even provide any data, even fake ones. IBS Asset does not verify this. The broker will not send you any confirmation codes to your email or phone number. Actually, this is a huge security loophole because anyone can access the broker’s client portal this way.
The Dashboard looks as primitive as the website. We found only the most basic functions here. You can set up your profile, edit data, or undergo verification. You’ll also have access to financial operations. However, the trading platform will be in a different menu section. By the way, we noticed that there are no additional functions in the client portal.
Trading Conditions
To make it easier for you to choose, we have checked what trading conditions the company actually offers its clients.
Account Types Review
IBS Asset has three types of trading accounts, although the official website states there are four. We still couldn’t figure out what the fourth one was, as nothing is mentioned about it. But judging by the fact that account names start with Gold, there should probably be something even simpler. By the way, the Gold account requires a deposit of 25,000 euros. However, this is apparently not the minimum deposit. According to the FAQ, you can start trading with 250 dollars, not euros.
Returning to the accounts, the broker names the Platinum one as the most popular choice, with a minimum deposit of 100,000 euros. There is also a third one — VIP. However, you need to deposit 250,000 euros for it. All accounts differ slightly from each other, at least in terms of spread sizes and leverage. Spreads range from 0 to 1.5 points. The higher the account rank, the larger the spread. And the leverage starts at 1:300 and reaches 1:500.
You are also offered exclusive news, trading sessions with analysts, and the development of a personal trading plan. And as always, the maximum number of services will be provided to you in the higher-tier accounts.
By the way, it turns out that further on the main page there are indeed 4 types of accounts. They are named differently. And the services are described completely differently. Perhaps the only thing that remained unchanged is the high leverage. Well, in our opinion, the broker would not hurt to figure out for themselves what they really offer to users.
Trading Platform
Now let’s move on to the platform review. It is located in the Trading Room tab. This is a fairly standard web trader. It is based on TradingView. So here you will find a basic set of technical indicators, several types of charts, several timeframes, and the ability to use limit and market orders. By the way, it’s unclear why the company does not provide a mobile or downloadable app. This would greatly facilitate the work for traders.
IBS Asset — Deposit and Withdrawal of Funds
To deposit funds on this platform, you can use bank cards, wire transfers, and Bitcoin. However, the situation is slightly different in the client portal. There, you won’t be able to choose any of the available methods at all. They are blocked for some reason. Well, it’s not quite a good approach for traders, you can’t deny that.
To clarify, this is not standard procedure. Legitimate brokers should disclose their details, not complicate the deposit and withdrawal process. If the opposite happens, then the companies obviously have something to hide.
Verification
Before you can fully operate on this trading platform, you’ll need to undergo verification. This process isn’t too complicated, but it usually takes several days. To start, you’ll need to prepare copies of your documents. You’ll need an ID or passport or driver’s license to verify your identity. And to confirm your address, you can use a utility bill or a bank statement. You can send copies or scans of the documents either to the broker’s email or upload them to your personal client portal. Unfortunately, the verification period is not specified, but it usually takes 1-2 days. Once your documents are reviewed and approved, you’ll gain access to all platform features, including, presumably, financial transactions.
Additional Options
IBS Asset has developed a whole set of additional features. However, in our opinion, all these offers raise serious doubts. For example, the fact that exclusive trading strategies are offered in more expensive accounts seems to us to be a sign of fraud. You see, this broker operates on a B-book model. It doesn’t have access to the real interbank market. And all your trades are processed exclusively within its trading platform. At the same time, it assures you that it will teach you some exclusive trading strategies. Why? Its earnings directly depend on how successful you are or not.
When you make a profit on this platform, the company loses money, and vice versa. This is called a conflict of interest. Therefore, believe us, no one will work at a loss. Be especially cautious about being forced into any trading strategies.
Is IBS Asset a Scam?
For now, everything we’ve seen only reinforces our suspicions that this broker isn’t entirely honest. However, we will continue our investigation to provide you with even more evidence.
Legal Information and License
Surely you remember the main rule for choosing a safe broker: it must be licensed. What do we see on this project’s website? In the footer, it’s stated that the company’s office is located in Amsterdam. Very interesting. You see, the Netherlands is a European state, and they all comply with the MiFID directive. And it states that offering retail traders leverage of up to 1:500 is prohibited. So, do you think IBS Asset has a license? No, absolutely not.
In fact, this broker isn’t even registered in the Netherlands. There are no hints of such a firm in the business register of this country at all. And if it’s not officially registered, then it cannot obtain any licenses a priori. So, this organization is not controlled or regulated by anyone.
Ibsasset.com Domain Info
Here’s another proof of the unreliability of this broker. According to the Whois service check, its domain was registered only on February 6, 2024. Thus, it has been operating for just over a month. Can the services of such a young broker be considered reliable? Of course not.
Contacts Review
We found some issues regarding the contact details. Look, on the platform, it’s stated that you can contact support via email. At the same time, there are no phone numbers here. Even online chat is not available. So theoretically, you can send them an email. And how long will it take to get a response? It’s not like this is a normal thing to do. Usually, brokers try to expedite the communication process and provide as many diverse services as possible. Apparently, this is not the case.
Pros and Cons
- Low minimum deposit.
- No demo account.
- Fake legal information.
- No license.
- Too short a period of operation.
- Trading conditions not described in detail.
Not every broker calling itself exclusive actually is. And now we've looked at one such example. We wouldn't open an account on this trading platform because we don't want to risk our money. You also won't have any chances to make any profit here. The project is unregulated and not even officially registered. Find a more reliable alternative and always do your research before entrusting your money to anyone.
Frequently Asked Questions (FAQ)
The company offers you its brokerage services. You can participate in the forex and CFD markets on this platform and trade various financial assets.
You will need to deposit $250 to start trading. However, if you want to open any account, the minimum deposit amount will sharply increase to €25,000.
No, we do not find this broker safe. It hasn’t bothered to obtain the necessary documents and licenses. Essentially, this project operates as an anonymous website. So think twice before transferring any money here.
Old acquaintances
Oh, how interesting. I’ve already seen a similar project. There was exactly the same strange distorted smartphone drawn, and the copy button didn’t work either. I honestly don’t remember what it was called. But I’m not surprised that it’s just some template broker. I also briefly looked at their website and didn’t understand what they’re hoping for at all. There are no legal documents in the footer. They don’t disclose any information about themselves. What’s that? Neither the name of the managing company nor its registration number is indicated. Just “we operate under the brand.” I may also operate under a brand. But that doesn’t give me the right to pretend to be a broker and deceive people for money. Half of the site is empty. It’s almost impossible to reach the managers. I emailed them. At first, they communicated willingly, but as soon as I started asking questions about the license, they said it’s confidential information disclosed only to clients. So that’s nonsense. That’s already a violation of the law. All information about licenses should be publicly available. And if it’s not there, then there are no licenses. So don’t even look towards this project.