Exposed: Ibell Markets - A Scam Broker That Does Not Allow Withdrawals

Ibell Markets adds to the infamous list of scam brokers who acquire investors under the guise of solid returns. It may start showing investors a return on their investments to invite further deposits from them. As the deposit amount reaches a point where customers want to withdraw, comes the seemingly annoyed ‘NO’ response from this scam broker. Many have suffered and many are suffering owing to its practices that do not comply with regulations. In this article, we will expose Ibell Markets and why investors should keep a safe distance from this forex brokerage firm.

Reasons Why Ibell Markets are an Absolute NO for Forex Trading Investments

There are many reasons that indicate Ibell Markets is not a reliable forex broker and can defraud investors at any time. The key is to understand the potential and ongoing risks associated with this broker. Our valid reasons will indicate that and act as a guiding force for you in forex investments.

Lack of Regulation - The Biggest Reason Why You Should Not Associate with Ibell Markets

A registered broker tag exudes unimaginable confidence among traders who would like to invest, ranging from small to heavy amounts, to make gains from a fluctuating foreign exchange market. Avid forex traders put in a lot of funds with an eye on making high profits. So, they would love to trust a registered and licensed forex broker complying with all the regulations in place.

Sadly, that‘s not the case with Ibell Markets. It’s not regulated by any competent financial authority. As a result, it escapes the constant disclosure that a forex broker needs to make to the regulator to sustain operations. Despite many notifications issued by the forex market regulators, people trust Ibell Markets for the high returns it promises. Unfortunately, they get duped after a while, leaving them with financial misery and unfulfilled goals.

Annoying Sales Practices

Ibell Markets is all about acquiring customers, even if it means employing ultra-aggressive strategies. So, do not get surprised if its executives call or message you frequently to invest in foreign currencies using its platform. You may get annoyed with frequent communications, but they wont! Because they want to sell. So, you need to stop and be wiser. A good forex broker will never pressurize customers or give them fake promises.

Lack of Withdrawals Worry Traders All Over

For traders, the biggest worry is the frequent denial of withdrawals from Ibell Markets. While the broker may promise hefty returns, disallowing withdrawals hurts traders. You invest to gain and want to withdraw some or all of your proceeds to fulfill your goals. However, Ibell Markets believes in acquiring funds from investing and denying them withdrawals to pile on their misery. Many have faced the withdrawal problem and complained about it on various platforms.

Here are some reviews we found appropriate to share with you.

What Score WikiFX Has Assigned to Ibell Markets?

Considering the evident risks involved in Ibell Markets because of the lack of regulation and increasing withdrawal issues faced by traders, the WikiFX team has handed it a poor score of 1.49 out of 10. This clearly demonstrates the distance one needs to maintain with Ibell Markets to stay safe financially.

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