Intelligence Prime Capital, a relatively new player in the online trading brokerage world, claims to have the latest technology that can accurately predict the market with an accuracy rate of up to 97%. However, given the history of other binary options firms that promise high returns, it’s important to take a closer look at the so-called AIA software and IPCloud services offered by Intelligence Prime Capital. In this article, we will perform a comprehensive review of Intelligence Prime Capital and its services, examining its claims and evaluating its overall legitimacy and effectiveness.
Profile Of Intelligence Prime Capital
| Broker Status: | Unregulated Scam Broker |
| Regulated by: | Unlicensed Trading Company / No Regulation |
| Scammers Websites: | iPrimeCapital.com |
| Operating Status: | Active Forex Trading Scam |
| Blacklisted as a Scam by: | OSC / BCSC / FMA |
| Broker Owner: | Intelligence Prime Capital Ltd |
| Headquarters Country: | Canada (allegedly) |
| Foundation Year: | 2021 |
| Online Trading Platforms: | MT4 / WebTrader |
| Mobile Trading: | Available via Mobile App |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Crypto Asset Trading: | Available – BTC / ETH / DASH |
| CFD Trading Option: | Yes, you can trade CFDs |
| Available Trading Instruments: | Forex (FX) / Commodities / Indices / Cryptocurrencies (Cryptos) |
| Maximum Leverage: | N/A |
| Islamic Account: | Not Available |
| Free Demo Account: | No, only live trading accounts |
| Accepts US Clients: | US traders are accepted |
| Global Fraud Protection Experts’ Verdict: | Don’t Invest in This Scam Broker! |
Is Intelligence Prime Capital Broker Legit?
Intelligence Prime Capital, commonly referred to as IPCapital, is a Canadian-based online trading brokerage that claims to have advanced technology that can predict the market with an accuracy rate of up to 97%. The company, which operates under the name Intelligence Prime Capital Ltd, claims to be regulated by Canadian FINTRAC and the US Digital Asset Regulatory License (MSB). However, upon investigation, it was found that these claimed regulations for IPCapital are not legitimate.
IPchain and IPcloud Scam
The lack of expertise and professionalism at Intelligence Prime Capital is also evident in their blockchain services. They do not have a proper understanding of what they are offering. They claim to have a TRC-20 token, known as IPchain, on their website, which they claim can be staked in their proof of stake model to earn money. However, this is a misleading statement as a TRC-20 token operates within the Tron blockchain and does not have a separate blockchain for transactions to be confirmed.
In essence, IPchain token transactions are confirmed by the Tron network and there is no additional staking that can be done on IPchain. This leads to suspicions of a potential Ponzi scheme.
Furthermore, IPchain and IPcloud are not genuine projects. The original IPchain was a blockchain project back in 2017 but has since died out. The current IPchain from Intelligence Prime Capital is a tool used to scam hopeful investors out of their money.
Scammers are increasingly creating fake blockchains, like Zeniq, to attract investments but never deliver a genuine product with real-world use and potential for widespread adoption. It’s important to thoroughly research any investment opportunities and be wary of red flags such as amateurism, a lack of transparency, and unverifiable claims.
What’s Wrong With IPCapital Trading License?
Intelligence Prime Capital Ltd claims to have a Canadian FINTRAC and US Digital Asset Regulatory License. However, upon investigation, it has been revealed that these licenses are not legitimate, and the company is not authorized to offer financial services in any country.
Furthermore, the broker is not registered with any reputable regulatory bodies, such as Tier 1 regulators in Europe, Asia, Australia, or elsewhere. The firm had also claimed to be a part of the ASIC-regulated HLK Group, but this claim was withdrawn after the group issued an official statement on its website.
It is clear that IPCapital is involved in unscrupulous trading practices, and potential investors should exercise caution when considering this brokerage firm. It is also important to note that Menne Market, RubyFinance, and GMGroup have been identified as fraudulent brokerage companies.
What Are Intelligence Prime Capital Red Flags
Intelligence Prime Capital (IPC) has raised several red flags regarding its legitimacy as a financial services provider. The first major issue is the lack of information available on its website, with only an email address provided and no other means of contact. This is a concerning aspect, especially for a company offering investment services, which requires a regulated presence in most countries.
Unfortunately, IPC is not a regulated broker and has no authorization to operate in any country. This makes it an illegal broker, and deposits made with the company are not protected. The Ontario Securities Commission and the British Columbia Securities Commission have both issued warnings against IPC for its unauthorized provision of financial services to the public. The Spanish regulator CNMV has also taken notice of the company.
Despite claims of being based in Toronto, Ontario, Canada, the company has been flagged by regulatory bodies. The ASIC has granted a financial license to HLK Group in Australia, but it has no association with IPC. It has even issued a warning against the company on its website. In light of these concerns, potential investors should exercise caution when considering IPC for their financial needs.
Official Warnings Issued by OSC, BCSC, and FMA
The British Columbia Securities Commission (BCSC), the regulatory body responsible for overseeing the securities industry in British Columbia, has issued a warning indicating that Intelligence Prime Capital Ltd is not authorized to trade in or provide advice on securities or derivatives in the state.
Similarly, the Ontario Securities Commission (OSC), which regulates the securities industry in Ontario, has stated that this firm is not registered to engage in trading securities, indicating that it is operating illegally in this area.
Furthermore, the Financial Markets Authority (FMA) of New Zealand has expressed its concerns about IPCapital offering unauthorized trading services to its residents. These warnings from multiple regulatory bodies serve as a red flag for potential clients, highlighting this firm’s activities’ unregistered and potentially dangerous nature.
How Does IPCapital Scam Contact Victims?
The methods used by fraudulent companies to reach their potential customers are diverse and often very clever. Scammers use different ways to contact their targets and draw them into their schemes. If you have signed up with a broker, you can expect to receive a flood of spam emails with enticing offers and promotions designed to lure you into investing your money. Additionally, you may be bombarded with persistent phone calls from the fraudsters, and despite blocking their number, they may still find ways to reach you.
Companies like IPCapital have set up numerous boiler rooms in different countries, each of which will assign you a representative who will try to persuade you to invest your money. They will make promises and even resort to pushing you or being rude if you refuse to invest. You may receive the same treatment through WhatsApp messages if you stop answering their phone calls.
If you have not given out your personal information, scammers may still find you through social media or dating apps. In recent years, the methods used by schemers have evolved, and now they are even using romance scams to get their hands on your money. You may have been friendly or in a romantic relationship with someone you met on social media, such as Instagram, Tinder, or Bumble, for months before they asked you to invest your money.
It is imperative to exercise caution and protect yourself from these types of scams. Before giving away any money, meeting the person and the investment firm they are proposing in person is highly recommended. This will allow you to assess the situation and make a more informed decision.
Frequently Asked Questions
Is Ipc Broker Regulated?
There is no evidence that Intelligence Prime Capital is registered or authorized to provide financial services by any recognized financial regulatory body, such as the Canadian Securities Administrators (CSA), the US Securities and Exchange Commission (SEC), or any other Tier 1 regulators in Europe, Australia, or Asia. This lack of regulation puts investors at risk and makes deposits with the broker unprotected.
Is Intelligence Prime Capital Registered?
Intelligence Prime Capital is not registered with any regulatory authority in any country. This raises concerns about its legitimacy and the safety of investments made through this firm.
Is IPC A Forex Broker?
Intelligence Prime Capital is an unregulated forex broker. There have been warnings issued by regulatory bodies about the company, indicating that it may not be operating legally or in an ethical manner.
References
- https://globalfraudprotection.com/scam-recovery/intelligence-prime-capital-broker-review/
- https://tbbob.com/scams/intelligence-prime-capital-review-stay-away-from-this-scam
- https://www.bloginsense.com/intelligence-prime-capital-review/
- https://bizvestor.com.ng/reviews/intelligence-prime-capital/
- https://bizvestor.com.ng/reviews/intelligence-prime-capital/