IVY MARKETS

IVY Markets is a retail forex and CFD broker that claims to have been founded in 2018, though corporate records show a registration date of March 6, 2024, in the United States. The broker lists its registered address on Vonovo Road, Fomboni, Island of Mohéli, Comoros Union. This discrepancy between the claimed founding year and actual registration date raises questions about its operational history. The broker operates under the domain ivy-markets.com and presents itself as a multi-asset brokerage.

The company description on its site states it serves over 120 traders, but no independent data is available to verify this. IVY Markets has a presence on Facebook and Instagram, but lacks reviews on major aggregation platforms. In FXCanary's assessment, the broker's transparency is limited, and its registration in Comoros places it outside major regulatory oversight.

IVY Markets does not hold any recognized financial regulatory licences from authorities such as the FCA, CySEC, ASIC, or CFTC. The broker claims on its website to be 'strictly regulated by MWALI International Service Authority,' an entity associated with the Comoros offshore financial centre. However, the known facts list no regulators on file. The MWALI International Service Authority is known for licensing offshore entities but is not a credible regulatory body for investor protection. This absence of robust regulation is a significant concern for trader safety.

Our review found that the broker's registration address in the Comoros Union, an offshore jurisdiction with limited financial supervision, further underscores the lack of oversight. The FXCanary Scam Risk Score of 75/100 (Severe) reflects this high-risk profile. Traders should exercise extreme caution, as there is no compensation scheme or recourse in case of disputes.

IVY Markets offers five account tiers: Professional Pro, Standard Pro, Standard, Zero, and Raw Spread. The Standard account requires a minimum deposit of $50, offers spreads from 0.2 pips, no commission, and leverage up to 1:400. The Pro account also has a $50 minimum deposit, spreads from 0.3 pips, no commission, and the same leverage. The Zero and Raw Spread accounts each require a $200 minimum deposit, offer spreads from 0 pips, and carry a commission structure—$0.2 per side per lot for Zero and up to $3.50 per side per lot for Raw Spread. Both provide unlimited maximum leverage.

The Professional Pro account is listed with a minimum deposit of $200 and unlimited leverage, but its spreads and commission are not detailed on the site. The broker categorizes account types based on trader experience and cost structure. Importantly, the unlimited leverage offered on some accounts is extremely risky and often prohibited by regulated brokers. This could expose traders to significant losses beyond their initial deposit.

The broker provides the MetaTrader 5 (MT5) platform, a widely used trading software known for its advanced charting and analytical tools. MT5 is available for desktop (Windows), mobile (Android and iOS), and likely via web browser. IVY Markets claims that MT5 supports trading over 100 currency pairs and various asset classes. The platform features market and instant execution, depending on the account type, and offers hedging and netting systems.

No other platform options are mentioned, which may limit traders who prefer MT4 or proprietary solutions. The broker does not detail any additional trading tools or features such as copy trading, social trading, or algorithmic trading beyond MT5's standard capabilities. Given the broker's unregulated status, the integrity and stability of the platform cannot be independently verified.

IVY Markets advertises access to forex, metals, cryptocurrencies, energies, stocks, and indices. The forex offering is highlighted with low and stable spreads, and swap-free trading on select pairs. The broker claims over 100 currency pairs, including majors, minors, and exotics. For commodities, precious metals such as gold and silver are available, along with energy products like oil and gas. Cryptocurrencies, stock indices, and individual stocks are also listed as tradeable instruments.

The scope of instruments is broad, but detailed specifications such as contract sizes, margin requirements, and trading hours are not provided on the website. The inclusion of cryptocurrencies and stocks suggests a multi-asset approach, but without regulatory oversight, the reliability of pricing and execution is uncertain. Traders should be cautious about the potential for wide spreads or slippage, especially during volatile market conditions.

The broker claims to support 'almost all popular payment methods,' but does not list specific options on its site. The withdrawal policy, as disclosed on a separate page, imposes restrictions: clients may withdraw up to 50% of profits from the available balance, and from loss-holding positions, up to 50% of equity only once. If a withdrawal triggers a Stop Out, the broker disclaims responsibility. These conditions are unusual and potentially disadvantageous for traders, as they limit access to funds and shift risk to the client.

Instant withdrawals are advertised as a feature, with claims of no manual processing even on weekends. However, such claims are difficult to verify given the broker's unregulated status. The minimum deposit for most accounts is $50 or $200, which is moderate. Traders should be aware that the restrictive withdrawal policy could impede access to their money, and the broker's disclaimer regarding Stop Outs adds further risk.

IVY Markets states it offers 24/7 professional support from a team of over 100 industry elites. Contact methods include email at [email protected] and a phone number +66265944008 (a Thailand number). The site also has a contact form and social media channels on Facebook and Instagram (handle @ivy_markets). However, the quality and responsiveness of support are untested in independent reviews.

The registered office address in the Comoros Union and a Thai contact number suggest a fragmented corporate structure. There is no live chat or mention of support in multiple languages. For a broker targeting international traders, the lack of clear, accessible support mechanisms is a concern. In FXCanary's assessment, the absence of verifiable customer service credentials adds to the broker's opaque profile.