About iPromarkets
Overview
iPromarkets is an online forex and CFD broker that was established in 2020 and is registered in Cyprus. The company operates through its website ipromarkets.com and presents itself as a brand of Trinity Capital LLC. The broker caters to both retail and potentially higher-net-worth traders by offering three tiered account options with varying minimum deposits.
Regulation and Licensing
iPromarkets claims to be licensed by the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under licence number 450 LLC 2022. However, it is important to note that the SVG FSA does not regulate forex brokers in the conventional sense; it merely registers offshore companies.
Our internal FXCanary records indicate no recognised regulators are on file for this broker. The registered address in Limassol, Cyprus, does not automatically imply CySEC regulation. Traders should be aware of the regulatory gap.
Account Types
iPromarkets offers three live account tiers: the Standard account with a minimum deposit of $100, the VIP account requiring $10,000, and the Platinum account starting at $25,000. A demo account is also available. The tiered structure suggests the broker targets traders of different capital levels, but specific spreads, leverage, and other conditions are not disclosed on the website or in our known records. Maximum leverage is not provided for any account type.
Trading Instruments and Platforms
The broker states that it offers trading in Stocks, Commodities, Indices, and Bonds. However, no information is available regarding the trading platform(s) used — whether it is MetaTrader, a web-based platform, or a proprietary solution. The website includes links for client login and registration, but no details on platform features, charting tools, or execution methods are present. This lack of transparency is a concern for potential traders.
Company Background
iPromarkets was founded in 2020 and is registered in Cyprus with an address at Archiepiskopou Makariou III, 12, Kristellina Tower, in Limassol. The company claims association with Trinity Capital LLC, an entity registered in St. Vincent and the Grenadines. Given the recent establishment and the offshore licensing, the broker's operational history is limited. No parent company or group structure is publicly detailed.
Deposits and Withdrawals
No specific information is available about deposit or withdrawal methods, currencies, fees, or processing times. The website does not display accepted payment providers, and our known facts also lack this data. Traders would need to contact the broker or register to discover these details, which adds to the informational opacity.
Conclusion
iPromarkets presents itself as a multi-asset broker with a simple account structure, but it suffers from significant information gaps. The regulatory situation — an unregulated broker under a weak offshore licence — should give pause to any trader. The lack of clarity on spreads, platforms, and financial details makes it difficult to assess the broker's suitability. Prospective users are advised to proceed with extreme caution or seek fully regulated alternatives.
Overview compiled by FXCanary from regulatory records and public data. full iPromarkets review