IBR Broker Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this IBR Broker Review.
IBR Broker Review
IBR Broker is an offshore broker offering trading in forex and CFDs on metals, indices, shares and commodities. In addition to the three types of live trading accounts, there are also a free demo account with $100 000 for testing purposes and a MAM account where trading is done by money managers on behalf of the client.
The Company. Security of Funds
Company Country Regulation
Iberia Markets Ltd. Seychelles None
IBR Broker is a brand of the company Iberia Markets Ltd. It is based in the offshore zone the Seychelles, which suggests it is not subject to very tight regulation and capital requirements. Furthermore, our check revealed that the broker is not regulated by the local Financial Services Authority (FSA).
IBR Broker claims it keeps the client funds in segregated accounts and is submitting annual reports to an independent auditor. This, however, does not mean much in terms of safety. The unregulated brokers are not subject to any oversight and can do anything they please. Quite often such companies are nothing but a scam going after their clients’ money.
As a general rule we advise our readers to deal with properly regulated brokers. Of course, some regulators are better than others, for example UK’s FCA or the ASIC.
It looks like IBR Broker is targeting quite the international audience. Its site has versions in Russian, Arabic, Czech and Spanish.
Trading Platform
IBR Broker offers the extremely popular MetaTrader 4 (MT4) – for computers and mobile devices. Despite the developer’s plans to eventually stop the technical support of the platform in favor of its successor MetaTrader 5 (MT5), the MT4 is still being offered by many forex brokers.
MT4 is the most used trading platform and is popular both among brokers and traders. It is stable and reliable, has many functions, offers API connectivity, supports PAMM and MAMM functionality and has a wide selection of technical analysis and charting tools. It is also user-friendly and supports Expert Advisors and automated trading.
Methods of Payment
IBR Broker offers a wide range of payment options. In addition to the standard bank transfer and debit/credit cards, it supports payments through the Qiwi Wallet, Yandex Money, Perfect Money, Cash U, Skrill and Web Money.
We could not find anything that makes IBR Broker stand out from the multitude of similar offshore forex brokers. Its trading conditions are just average. In fact, there are large and regulated brokers with better conditions and generally it is less risky dealing with them.
Besides, the minimum deposit requirements are pretty high for a small offshore unregulated broker.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
IBR Broker Review Conclusion
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