ITB is a brokerage firm that provides trading services in forex, metals, energy, stocks, and indices to investors. ITB's official website is https://itbfx.com/, and the website is available in multiple languages, including English, French, Spanish, Italian, and more. According to the Whois domain registration information, the company's website domain was registered on June 11, 2018, which means it has been in existence for over five years.
Company Background:
ITB's website indicates that the company is registered in Seychelles and Saint Vincent and the Grenadines. However, Seychelles business registration information does not provide online verification, making it challenging to confirm the accuracy of the Seychelles registration details provided on the company's website. Furthermore, a query of the Saint Vincent and the Grenadines Financial Services Authority (SVG-FSA) suggests the possibility of ITB LLC's registration information being used improperly. Additionally, based on the Whois domain registration information, the company's official website domain has been registered for over five years.
Account Registration:
ITB's official website provides a registration link for real accounts, allowing investors to complete the registration process by filling in the required information. The real registration method is as follows: open ITB's official website, click on "Start Trading" on the left side of the website or "Open an Account" on the upper right side of the website, and then fill in the required information, including name, email, phone number, and password, to complete the account registration. ITB's official website does not provide a registration link for investors to practice using a demo account.
Account Types:
Information on ITB's official website indicates that the company offers three types of trading accounts for investors: Nano, Standard, and ECN Classic. These three different account types have distinct differences in terms of minimum deposits, spreads, margin ratios, maximum positions, customer service, and other aspects.
Trading Products:
ITB's official website states that the company offers trading services in forex, metals, energy, stocks, and indices. However, the website does not provide specific information regarding the trading products covered within forex, metals, energy, stocks, and indices, including spreads and margin ratios.
Margin Ratios:
ITB's official website indicates that different accounts have different maximum margin ratios. However, the company does not provide margin ratio information for specific trading products within forex, metals, energy, stocks, and indices.
Trading Hours:
ITB's official website does not provide trading hours, including opening, closing, and market closure times, for all tradable products in forex, metals, energy, stocks, and indices.
Deposits and Withdrawals:
ITB's official website provides limited information about the time required for deposits and withdrawals, as well as the methods available for these transactions. However, it does not explicitly specify the supported deposit and withdrawal channels or currency types.
Trading Software:
ITB's official website states that the company provides MetaTrader 5 (MT5) trading software for investors, including desktop versions for Windows and MacOS, as well as mobile versions for iOS and Android. However, there may be issues with slow downloads or installation difficulties for the Android version of MT5 in certain regions.
Education and Training:
ITB's official website mentions that the company offers training on basic knowledge of financial markets, technical analysis, fundamental analysis, and trading strategies for investors. It also provides explanations of terminology related to financial markets, technical analysis, fundamental analysis, and trading strategies.
Other Services:
ITB's official website indicates that the company offers functionality for exchange rate conversion, position sizing, profit calculation, and Fibonacci (a technical analysis indicator). These tools assist investors in calculating exchange rates, positions, profits, and certain aspects of technical analysis.
Regulatory Information:
ITB's official website does not provide any regulatory information. Furthermore, the query results from the financial regulatory authorities of Seychelles and Saint Vincent and the Grenadines indicate that Seychelles' Financial Services Authority (FSA) did not find any regulatory information related to the company, and SVGFSA does not regulate, monitor, oversee, or license business companies (BCs) engaged in forex trading or brokerage activities.
Summary:
ITB raises suspicions of fraudulent activities. Despite having an extended history of domain registration and offering educational training and profit calculation services to investors, concerns arise from the dubious registration information displayed on its official website. Furthermore, the absence of regulatory information on the company's website, coupled with the findings that regulatory authorities in ITB's registered locations, such as the Seychelles Financial Services Authority (FSA) and the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA), do not provide any regulatory oversight for this company, heightens suspicions of fraudulent practices associated with ITB. Investors are advised to exercise caution when considering this company's services. The Trading Circle Encyclopedia emphasizes the importance of safeguarding your financial assets and staying vigilant to avoid falling victim to potential scams.
