About Ibell Markets
Company Overview
Ibell Markets is an online forex brokerage registered in the United Kingdom, with a registered address at 130, Old Street, England EC1V. The company was founded on 27 January 2021, as per regulatory records.
The broker presents itself as an STP (Straight Through Processing) broker and exchange, targeting retail traders. It offers access to 150 trading instruments, though the specific asset classes are not detailed in the available records.
Regulatory Status
According to aggregated industry data, Ibell Markets is not regulated or authorized by any recognised financial regulatory authority. This absence of regulation is a significant factor for any trader considering the broker, as it means there is no independent oversight or investor protection scheme in place.
Traders should exercise extreme caution when dealing with unregulated entities, as recourse in case of disputes is limited.
Account Types
Ibell Markets offers four account tiers, each with different minimum deposits and maximum leverage. The Standard Account requires a minimum deposit of $50 and offers leverage up to 1:1000, while the Pro Account requires $500 and leverage up to 1:500. The Islamic Account (swap-free) has a $3,000 minimum deposit and leverage up to 1:300, and the ECN Account requires $5,000 with leverage up to 1:200.
These account types cater to different trader profiles, from beginners with low capital to high-volume traders seeking ECN conditions. However, the high minimum deposit for the ECN account may limit accessibility.
Trading Conditions
The broker claims spreads as low as 0.1 pips, although this is typical marketing language for STP brokers. Detailed information on trading platforms, execution speeds, and additional fees is not available from the known facts.
Customer support is advertised as available 24/5, aligning with standard forex market hours. Without a live website or independent reviews, these claims cannot be independently verified.
Risk Considerations
Ibell Markets has been assigned a high scam risk score of 75/100 by FXCanary, indicating severe risk. The lack of regulation, limited public information, and absence of verified trading data contribute to this assessment.
Traders should be aware that dealing with an unregulated broker carries elevated risks, including potential difficulties with withdrawals, lack of dispute resolution mechanisms, and possible fraudulent activity. Independent verification of the broker's operations is recommended before any engagement.
Overview compiled by FXCanary from regulatory records and public data. full Ibell Markets review