Updated on January 16, 2024
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In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding International Markets Live due to the issues we've identified.
Is International Markets Live Scam or Legit Broker? ▲
Upon close inspection, International Markets Live has been deemed an unsafe brokerage entity. Despite proclaiming a UK-based location, the firm fails to present any evidence of holding a license from the Financial Conduct Authority (FCA)—a mandatory credential for financial institutions operating within the region. Such deficiencies highlight the importance of selecting brokers that adhere to strict regulatory frameworks, thereby ensuring the safeguarding of client assets and the provision of transparent trading conditions. Consequently, it is advised to steer clear of unlicensed firms, opting instead for those with robust regulatory oversight.
What is International Markets Live? ▲
International Markets Live Limited, operating under the trading name, boasts of its presence in both London and New York. The corporation's mission centers around the education, enrichment, and empowerment of its clientele, currently extending its services to thousands of users. International Markets Live presents a broad array of offerings, including educational resources, trading platforms, and investment opportunities in Forex and cryptocurrencies. Predominantly portrayed as an educational entity, it becomes evident that the organization also encourages account setups within its platform for trading purposes.
However, the absence of any regulatory compliance or adherence to international legal standards raises significant concerns regarding the legitimacy of this broker. The lack of regulation essentially renders the firm an illegal operation, devoid of legal entitlement to offer its services, as its operations fail to meet client protection standards.
Further compounding these concerns, regulatory authorities routinely scrutinize market offerings, issuing warnings against entities perceived as fraudulent. iMarketsLive has found itself embroiled in various regulatory issues, alongside receiving numerous complaints from traders regarding issues like withdrawal delays.
“International Markets Live is not authorized to offer financial services and products in Belgium. Moreover, the system proposed by International Markets Live exhibits features characteristic of a pyramid scheme.”
FSMA, Belgium. January 2018.
International Markets Live Review Conclusion ▲
In summary, traders should prioritize engaging with brokers that ensure the highest levels of safety, typically those under stringent regulatory oversight. It's imperative to avoid entities like International Markets Live, which have been flagged by reputable regulatory bodies like CNMV and AMF for various concerns.
International Markets Live Update
Recent findings reveal that the International Markets Live Limited website is now inactive and inaccessible. This development suggests that the brokerage has ceased operations. Nevertheless, caution is advised against any future propositions that may arise, emphasizing the need for vigilance and the selection of regulated brokerage services for a secure trading environment.
When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.
iMarketsLive Review 2024
