Ivory Options Review: Is This FX Broker a Dangerous Scam?

Welcome to our Ivory Options review, where we uncover the reality of a broker that once boasted impressive profits and security. Yet, what happens now? What about the big scam allegations? 

In this comprehensive article, we’ll dive into the legitimacy of Ivory Options, explore its account types, discuss its fees, and address the concerning allegations of a potential scam. Stay with us as we unveil the facts about Ivory Options. We will emphasize the significance of staying vigilant and well-informed in the world of online trading. Read on!

Ivory Options Legitimacy

After thorough research, it has come to light that Arya Group Ltd. was the operator behind Ivory Option, headquartered in Bulgaria. The company claimed to prioritize the safety of traders’ funds through the use of dedicated accounts. However, similar assurances are often made by brokers, making it hard to discern the truth. 

Unfortunately, Ivory Options’ website is now inaccessible, leaving us without vital information about their customer support, helpline, and office address. Feedback from clients paints a sad picture, revealing that each trader was assigned a new account. Over time, the quality of customer service deteriorated, and their promise of 91% profit remained unfulfilled. Traders were unable to withdraw funds supposedly held in segregated accounts.

When it comes to trading, it’s wise to opt for brokers regulated by Tier 1 authorities. Recognizable organizations like CySEC, ASIC, and FCA provide a layer of trust that unregulated platforms lack. Interestingly, Ivory Option received warnings from both the Financial Conduct Authority (FCA) and the Financial Markets Authority (FMA), both expressing concerns about the possibility of it being a scam.

Trading Assets Available

Unfortunately, because the broker’s website is no longer working, we can’t give exact info about what Ivory Options offered to trade. For safe trading, pick brokers that have a variety of assets. They are often as follows:

• Forex
• Cryptocurrencies
• Metals
• Indices
• Stocks
• Commodities

Think of well-known ones like EUR/USD, Bitcoin, Gold, S&P 500, Apple, and Crude Oil. This helps you have good choices and a balanced trading experience. Your safety should always be a priority. 

Note: Stay away from unregulated brokers like XFortunes – they might promise the world but often fail to offer anything. Instead, opt for brokers with a solid track record and recognized regulations. 

The Lack of Trading Platforms

Ivory Options’ lack of transparency extends to its trading platforms. Essential information about these platforms was not disclosed prior to the website’s shutdown. When choosing a broker, prioritize those with a proven track record. They must have recognized regulations and UI-friendly, reliable platforms like MetaTrader 4 or 5.

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are truly fantastic trading platforms. MT4 is easy to grasp and equips you with useful tools for studying charts and making decisions. In comparison, MT5 takes a step ahead, presenting more trading options and improved charts. Plus, both platforms can trade for you automatically. 

So, whether you’re new or experienced, MT4 and MT5 are excellent options for simple yet powerful trading. With these platforms, you get the best of both worlds: UI-friendly interfaces and strong trading capabilities. If you’re after a convenient and effective way to trade, MT4 and MT5 should be at the top of your list.

Important Note: This broker scam targets individuals in the United Kingdom, Australia, Israel, and Turkey. People from these locations should be extra cautious.

Trading Conditions at Ivory Options

Ivory Option’s grandiose promises crumbled for many traders. The absence of a mobile app, the lack of a demo account, and vague terms and policies raised significant concerns. A particular client’s experience highlighted these issues. After investing $250 and generating a profit, they encountered big obstacles when attempting to withdraw funds. 

This pattern was echoed among others, underscoring the potential risks of dealing with unregulated and fake brokers. Paid endorsements only deepened the deceit, entrapping mostly beginners. Always remember, that brokers operating under Tier 1 regulations offer a safer haven for traders.

Note: Your financial journey matters, and it’s essential to navigate it wisely. Be cautious of brokers like Vlado Brokers – their offers might sparkle, but don’t let them blindside you. Keep your money secure by choosing brokers with a solid reputation. 

Ivory Options Withdrawal Process

So, what happens when you want to take your money out of the Ivory Options scam? Is there a possibility that the Ivory Options payout can cater to traders? Before initiating the first withdrawal request, ivoryoption.com required traders to submit identification documents. 

They said it takes about 7 to 10 working days to process. But here’s the thing: most traders had a hard time getting their money back. This is one more thing that makes Ivory Options look not so good. To stay safe, think about using brokers that let you pay with safe and straightforward options like PayPal, Skrill, bank cards, or crypto. These are better and more trustworthy ways to handle your money. Keep that in mind. 

If you find yourself in a situation concerning an Ivory Options refund, it’s important to be aware of some things. First, this broker might pose challenges when it comes to returning your funds. However, if you encounter difficulties retrieving your money, don’t hesitate to reach out to us. We’re here to assist you with the process of chargeback. We want to ensure you have the necessary support to navigate any refund issues you may encounter.

Trader Reviews on Trustpilot

Digging into Trustpilot reviews shines a light on the unsettling low 2.5 rating that Ivory Options holds. This is a clear sign that something isn’t right.

What’s more, Trustpilot itself issued a caution about the potential presence of fake reviews related to this company. To avoid unnecessary risk, it’s a smart move to go for brokers that proudly display ratings of 4.5 stars or higher. If you’re seeking a reliable broker to navigate the trading world, don’t hesitate to get in touch with us for a no-cost consultation. Your trading success and safety matter to us, and we’re here to support you.

Scam Broker Tactics: Beware of Deceptive Strategies

The scam brokers’ arsenal of tricks is vast and crafty. Stay on guard against the allure of extravagant profits that seem too good to be real. Be cautious of their nebulous claims about regulations. And don’t give in to their tactics of rushing you into quick investments.

Always, without exception, do your research before concluding your choice of brokers. Remember, if a proposal sounds too enticing, chances are it’s a mirage designed to ensnare you. Your financial well-being is paramount, and staying informed and cautious is your best defense against these risky tactics. So, take the time to learn, be aware, and make decisions wisely to protect your hard-earned funds.

Interesting: SGT Markets is actually overseen by the Financial Services Commission (FSC). As a result of the Securities and Investment Business Act of 2010, they were given the green light. There’s nothing illegal about them, and they’re all official. But let’s be real – it’s not as rock-solid as the Tier 1 licenses from FCA, ASIC, or Bafin. Tier 1 licenses are the champions of regulation in this industry. Just something to keep in mind while you’re navigating the FX world.

Long Story Short – Ivory Options

So, what can we summarise for the end of this article? Ivory Options emerges as a broker marred by unfulfilled assurances, inaccessible platforms, and withdrawal obstacles. Regulatory warnings and negative client experiences underscore the importance of aligning with regulated and reputable brokers. 

Prioritize transparency, security, and legitimacy to ensure a secure trading experience. This goes without saying! Always remember that smart decisions serve as the best defense against potential scams.

To discover respected and regulated FX companies, contact us for a free consultation. It will be our pleasure to provide you with information about the best trading companies!

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