IH Global Markets Limited Review
IH Global Markets Limited is an international brokerage firm that provides its customers with a wide range of products and services. Read this review to find out if the company is legitimate and reliable or if it’s a scam. Plus, learn how to file a dispute claim if you’ve been scammed, and get help from Scam Victims Help to recover lost funds.
Heed the warning! IH Global Markets Limited is a foreign broker, and your investments could be at risk.
Don’t risk all your investments in one place. It’s wise to have trading accounts with multiple brokers. Read IH Global Markets Limited Review here
IH Global Markets Limited claims to offer a broad range of financial services, such as Stocks, Forex, Gold, Silver and Futures, and brokerage and trading. They maintain that their operations have extended to Hong Kong, Macao, Taiwan, Southeast Asia, Europe and the United States. While part of this is true, we must state that IH Global Markets Limited is likely a scam. This is what we will explain in our review that follows.
REGULATORY AND FINANCIAL SECURITY AT IH Global Markets Limited
IH Global Markets Limited offers its customers a high level of regulatory and financial safety. All funds are safeguarded, with protocols in place to ensure the highest possible security.
We have identified UK, Australian, and US legal entities connected to IH Global Markets Limited, however, none of them has the permit to offer FX trading services. The broker states to be regulated by ASIC in Australia and NFA in the US, however, these claims are false! This is a key indication of a scam as the brokerage is attempting to create an inaccurate perception of security.
At this point, we’d like to direct your attention to a particular British firm related to the broker. It’s officially created in the name of a Chinese citizen, and its official address is Unit G25 Waterfront Studios, 1 Dock Road, London, United Kingdom, E16 1AH. This is an important detail to note, as some Tinder scams that were owned by Chinese people living in China were also registered at that same address. Although it’s only circumstantial evidence, it’s enough to make us suspect that IH Global Markets Limited may be another fraudulent scheme. On the other hand, it’s possible that the Australian and US companies may be used for money laundering, but there is no proof of this. The facts do indicate, however, that IH Global Markets Limited is not regulated.
Let us take a closer look at the importance of regulatory compliance and why it is unadvisable to deal with entities not regulated by trustworthy authorities, such as CySEC (Cyprus) or FCA (Britain). These authorities maintain the highest standards of supervision, requiring brokers to keep deposits segregated in local banks in order to protect clients’ capital in the event of something going wrong. This segregation also boosts transparency, speeds up withdrawals, facilitates chargebacks, and helps reduce fraud. Additionally, clients of European FX companies are further safeguarded by deposit insurance funds. For instance, CySEC guarantees up to €20 000 in compensation, while British protection goes up to £85 000 per person. Consequently, a broker that has not been reviewed cannot offer such protection.
When all has been taken into account, it is clear that there is a risk to your money if you invest with IH Global Markets Limited.
TRADING SOFTWARE from IH Global Markets Limited
IH Global Markets Limited offers leveraged trading with MetaTrader 5, the most widely used platform praised for its dependability and steadiness. The expenses for trading are relatively reasonable- the EUR/USD spread is estimated at 1 pip , which is in line with market standards. However, the distribution of IH Global Markets Limited comes with a 1:100 leverage fixed , which is a considerable risk. Moreover, FCA and ASIC have set the leverage to 1:30, and the NFA to 1:50, which demonstrates that IH Global Markets Limited is not regulated as they declare. Be cautious!
Methods of Deposit and Withdrawal, and Their Associated Fees, at IH Global Markets Limited
IH Global Markets Limited offers no information regarding its account tiers, deposit minimums, funding methods, withdrawal terms, fees, or other significant points. This is a huge warning sign because the broker is deliberately hiding information regarding their services, and evidently has no legal documentation. New traders should be aware that no bona fide broker will fail to offer public legal documentation, as it communicates essential information and functions as an agreement between the broker and their clients. Taking heed is advised!
UNDERSTANDING THE MECHANISMS OF FRAUDULENT ACTIVITY
We have strong reason to believe that IH Global Markets Limited is an illegitimate operation. Therefore, we will discuss how these types of scams deceive and exploit their victims.
Fraudsters may contact you via your contact information with a promise of incredible returns if you deposit money. To create an illusion of trustworthiness, they may falsely claim to work for reputable organizations, such as banks, financial authorities, and governments. As they may be very convincing, you may be tempted to deposit money without noticing the warning signs. Unfortunately, the scam begins after you make the deposit. The criminals will then manipulate the prices and generate false reports to deceive you into making more deposits.
The scammers will ask for more and more money, concocting stories to get you to invest repeatedly. Eventually, when you demand to receive some of your money back, they will state there are taxes and fees that need to be paid. At this point, you may sense something is amiss and the fraudsters will simply cease communication.
STEPS TO TAKE IF YOU’VE BEEN SCAMMED
When you’ve been the victim of a scam, it’s important to take certain steps to protect yourself and your assets.
In order to avoid any potential risks, it is advisable to contact your banking institution before disabling your card, as scammers could have gotten your information.
To protect yourself, alert the law enforcement and financial authorities and make sure to file a complaint. Additionally, share your experience online so that other people can be informed and avoid the same scam. However, do not be too hasty in trying to recuperate your money as some scams are created to deceive victims a second time.
It can be incredibly disheartening to be taken advantage of, but if you tell your story, it might help shield others from the same misfortune.
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