Minimum Deposit: $100
Maximum Leverage: 1:300
My Score: 8.7
IPT Markets is a regulated and well-known online forex broker that provides a secure and favorable trading environment for investors from all around the world. The Broker offers more than 250 trading instruments across forex pairs, spot metals, indices, company stocks and commodities as well as cryptocurrencies.
One of the most important factors for IPT Markets’ success is keeping up with the requirements of the time and changing industry standards.
For example; some time ago, Bitcoin has quickly gained reputation as an investment product. Many investors have grown interest to invest in Bitcoins, as well and other cryptocurrencies. IPT Markets is one of the first forex brokers to integrate cryptocurrencies into its trading platform and offer trading opportunity in those new class of instruments.
Taking it one step further, IPT Markets even allows cryptocurrencies as a deposit and withdrawal method. Traders can enjoy the convenience of depositing and withdrawing money via Bitcoin, Ethereum, Litecoin and Ripple. Let me emphasize that majority of the forex brokers are still far from offering this easy method for depositing and withdrawing funds.
IPT Markets has managed to grow in the forex industry and to stand out among forex brokers due to its innovative vision and client oriented services.
As I follow it, the Broker has been gaining popularity among investors in Southeast Asian and African countries in recent years. More than 100,000 users visit IPT Markets’ official web site every month. The company also sponsors various sports events.
Is the IPT Markets safe or scam? What are the advantages and disadvantages of trading with IPT Markets? In this IPT Markets review you can find account types, spreads, bonuses, deposit & withdrawal methods and much more.
IPT Markets Account Types
Ipt Markets offers 3 different account types: Standard, Islamic and Platinum.
You can select both variable and fixed spread for these three account types. Especially fixed spread account types are very competitive.
You can find other forex brokers in the industry who offer similar spreads for variable account types. However, it is not possible to find such good offers in fixed spread accounts that IPT Markets offers to its clients. IPT’s fixed spreads are highly competitive and investor-friendly.
|Account Type||Minimum Deposit||Maximum Leverage||Fixed Spreads on EURUSD||Variable Spreads Option|
Trading with fixed spread account has some important advantages.
For example; at the time of important economic news & data releases, many brokers and their investors have problem when the spreads get widened due to high volatility. There are two important drawbacks of widening spreads; first and the most obvious one is that it increases the transaction cost for the order and the second is that stop out may occur in case the spreads widen remarkably.
In addition, fraud scam forex brokers widen spreads to put the client balance into a difficult position by lowering free margin level. When your trades are in a difficult situation, they tell you that spreads widening has occured and it is the liquidity provider’s fault. Of course, in rare cases, you may also suffer from spread widening in reliable brokers.
However, Scam brokers use it as a tool and cause you to have frequent losses. With competitive fixed spreads offered by IPT Markets, you get rid of this problem.
The Islamic account type has been developed as a type of account that is suitable with the religious sensitivities of investors linked to Islamic beliefs. Some Muslim investors argue that interest is a sin in Islam. These investors do not want to either earn nor pay interest. They consider overnight swaps on currencies as interest.
So some reputable forex brokers have developed Islamic accounts as swap-free accounts. However, you can not open this account directly. You must send a request to open Islamic type of account.
The brokers can ask for proofs that are documenting your faith as Islam. The broker reserves the right to accept or refuse your application. This is the case with all brokers offering Islamic account types.
The third account type offered by IPT Markets, the Platinum account type, is similar to the ECN account offered by the other brokers. All account types offered by IPT Markets are commission-free.
The Platinum account type, which we can consider as an ECN account, comes with fixed spread of 1.0 pip and variable spreads around 0.9 pips. Compared to other brokers, I can say that the spreads are very competitive especially for a fixed spread account.
Minimum deposit is $ 100 in Standard and Islamic account type, whereas it is $ 5000 in Platinum account type which is a variation of ECN account and has more advantageous features.
Maximum leverage for all account types is 1: 300. Minimum trade size is 0.01 lot.
At first, I opened the standard account and have tried it for a while. Later, I opened a Platinum account for being satisfied and because it was more advantageous. I am particularly pleased with the fixed spread feature.
IPT Markets offers a wide range of methods for deposit and withdrawal.
Depositing and withdrawing money with a credit/debit card is the fastest way and is usually the most preferred method for forex traders. The money you deposit is transferred to your forex account instantly and you can start trading in a few minutes.
You can also use the wire transfer method, but the processing time is longer. It may take few days until the money arrives at your trading account.
In addition, IPT Markets offers depositing and withdrawing money with cryptocurrencies as an innovative feature via Bitcoin, Ethereum, Litecoin and Ripple.
|Methods||Currencies||Fees for Deposit||Fees for Withdraw||Processsing Tİme|
|USD, EUR, GBP, JPY||%0||%2,4||Instant|
|USD, EUR, GBP, JPY||%0||%0||Instant|
|USD, EUR, GBP, JPY||$20-$50||$20-$50||1-3 days|
|Bitcoin, Ethereum, Litecoin||%0||%0||1-2 Hours|
I usually prefer transactions by credit card because it is the fastest method. But at IPT Markets, I also have tried to deposit and withdraw money with Bitcoin, and I did not encounter any problems.
Bonus & Promotions
IPT Markets offers 30% deposit bonus and 50% welcome bonus for first deposit. These bonuses is a deposit bonus type.
For more information on bonus types, you can read the article “Best Forex Bonuses and Promotions” previously I written.
In summary, IPT Markets has established its position in the industry as reliable broker that provides quality services to its clients. The Broker renders online trading services for beginner and experienced traders. Therefore, it is appropriate to say that IPT Markets is an ideal forex broker for all traders with different trading styles and experience.
In this type of bonus you will earn a bonus as percantage over your deposit to account.
For example; Let’s say your account has funded $ 1000 as first deposit. %50 of $1000 equals $500. So your account’s equity is $ 1500. You made profit thanks to succesful trades and your account is worth $ 2,000.
When you want to withdraw money you will not be able to $500 which is given you as bonus but you can withdraw the profits from this bonus.
Final Thoughts on IPT Markets
IPT Markets is a new broker in comparison. However, the account types offered are very advantageous and the spreads offered are very competitive.
And the minimum deposit is only $ 100. With the advantage of fixed spread, traders do not encounter the problem of spread widening.
IPT Markets offers both trading opportunities and deposits and withdrawals in cryptocurrencies such as bitcoin, ethereum, litecoin. In this respect, I see it as a very innovative broker. For these reasons, IPT Markets is among the brokers I recommend.