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ITCS

Operating status: SCAM

Website: https://itcs.trade/

Broker violations and abnormal records
  • Mar 29, 2022 BrokersView has reviewed that ITCS is an Unregulated Forex Broker

    ITCS claims its trading services, signal provision and the execution of any other instruments are provided and carried out through FXE Prime Ltd, a company registered in St. Vincent and The Grenadines with registration number: 27234/2017 IBC. We do find a match result to FXE Prime Ltd in the St. Vincent and The Grenadines Financial Services Authority (SVG FSA), but SVG FSA does not regulate any forex services. More importantly, the registration number of FXE Prime Ltd in SVG FSA is 23195, which is not the one ITCS claims on the website. Since SVG FSA not offering any details of firms for traders to verify, it is highly possible that ITCS is falsely using the registration info of FXE Prime Ltd.

    This broker also claims it is incorporated in the Republic of Kazakhstan with Business Identification Number:  210240004131 and has been registered as Financial Services Provider on the 2 Feb 2021 with the Ministry of Economy. But please be informed, Kazakhstan does not have any authorities that issue license for forex trading or regulate forex activeties. That means ITCS is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

    ITCS claims its trading services, signal provision and the execution of any other instruments are provided and carried out through FXE Prime Ltd, a company registered in St. Vincent and The Grenadines with registration number: 27234/2017 IBC. We do find a match result to FXE Prime Ltd in the St. Vincent and The Grenadines Financial Services Authority (SVG FSA), but SVG FSA does not regulate any forex services. More importantly, the registration number of FXE Prime Ltd in SVG FSA is 23195, which is not the one ITCS claims on the website. Since SVG FSA not offering any details of firms for traders to verify, it is highly possible that ITCS is falsely using the registration info of FXE Prime Ltd.This broker also claims it is incorporated in the Republic of Kazakhstan with Business Identification Number: 210240004131 and has been registered as Financial Services Provider on the 2 Feb 2021 with the Ministry of Economy. But please be informed, Kazakhstan does not have any authorities that issue license for forex trading or regulate forex activeties. That means ITCS is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.