Beware! IM-SB is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
IM-SB looks and feels like nearly half of all the unlicensed brokers we have reviewed in the last year or so. From the website design, the third-party charts, to the filler texts, to the suspicious practices, to the lack of proper information, all lead us to claim that we have on our hands another unregulated broker whose one and only goal is to scam users. In the following review, we will reveal all the issues of the broker.
Filling the account creation tool could be very easy, yet what happened next was a completely failed attempt to access a user area, i.e we failed to register. There was no confirmation email, and moreover, the broker told us that we cannot create an account for a user name with our credentials already existed.
With that said let move on. There isn’t a lot to talk about here for the simple fact that IM-SB’s website contains almost no information whatsoever. 98% of its sub-pages lead to nowhere.
We find absolutely no information on spreads, leverages, and there are no detailed tradeable instruments. As users will see, there is no way to even verify that IM-SB is in fact a real brokerage.
The website is available in a mixture of English and Polish, and there is no way to remove one language on behalf of the other. This is a definite sign that IM-SB has not done its job well, and was in a hurry to launch the website!
IM-SB REGULATION AND SAFETY OF FUNDS
We cannot ignore one of the biggest issues we had with this broker, which contained itself in the fact that nearly all of the sub-pages of IM-SB were empty, with no information on them. In fact, all the links to every single important page were misleading and resulted in nothing.
All pages except for the legal documents which were all in Polish. We found no way to translate them, for the website does not offer English legal provisions.
There’s nothing to reveal here it seems. IM-SB discloses no contact address, no registration info, and no licensing details. It is completely anonymous. Moreover, any hope we had in the legal documents is scrapped, as they are available only in Polish. And we doubt that they offer any insight, and even if they do it’s most probably a lie!
With that said, we can safely conclude that IM-SB is utterly UNLICENSED, and is a scam, not to mention a very and joke!
Trading should be done only with risk-free brokers, and by that, we mean regulated brokers, for all brokers pose a certain risk. Regulated ones are those that warn users of the risks and are tightly overseen by the given overseer. Thus any lost funds result only because of the user’s poor judgement or because of the dynamic fluidity of the market.
We encourage users to trade with FCA or CySec regulated entities, or other European or US-based licensed brokers. These are very severe with their firms and demand of them a ton of requirements. Regulators strive to keep brokers in touch with the law!
Moreover, the FCA and CySEC offer financial reimbursement schemes to users of brokers under their gaze. This fund cover losses of users in times when the broker becomes insolvent.
IM-SB TRADING SOFTWARE
By this point to speak of a trading software is out of the question! As far as we’re concerned this false brokerage has no trading software.
IM-SB eludes to an MT4, but the mere thought of this is ludicrous.
No, IM-SB has no trading software. It cannot get more scammer than that! Right?
IM-SB DEPOSIT/WITHDRAW METHODS AND FEES
As it turns out, it can, by not including any payment information at all! There is no minimum deposit indicated, no payment methods, no withdrawal processing times nor fees.
Too bad that the legal docs are in Polish, for they might be helpful. There exist a small chance that they, at least, mention some array of payment gateways.
The most common of these are credit cards, debit cards, wire transfers, crypto wallets, and other alternative payment e-wallets. The most common minimum deposit requirement is $250, while withdrawals processing times are at 3 to 5 days on average.
Fees, although ubiquitous, depend on the broker. Scammer brokers tend to have hidden fees!
There is no reason at all to invest your time and money in IM-SB. This broker is unlicensed, a risk to all, and a scam. Don’t waste your time on it!
How does the scam work?
The scams are very efficient and simple to follow for both the user and broker. At times, it may seem ludicrous to consider that one is in the middle of a scam! That is how effective they are!
Online ads that promise fast money, superb investment strategies, luxurious lifestyles, and beautiful sceneries, are all often a part of an investment scam. These advertisements are specifically tailored for more susceptible users. Clicking on them will redirect the person to either the website itself or an intermediary source.
It matters not where one ends up. Sooner or later the individual will be asked to provide a phone number or an email address.
Sooner or later, the unfortunate soul to have given these contact details away will start receiving emails or phone calls from the rep of the scam. The only and ultimate goal of these calls/email correspondences is to entail a preliminary deposit. This first investment is the client’s way into the scam, and after that, it will be much easier – for the user because his guard is down, and for the scammer, because he has gained the user’s trust – to bring about more deposits.
It all culminates to the point where the client wants to see results; he/she wishes to see some profit or withdraw his deposit and leave. A few things will happen. Either result will appear, completely fabricated by the fraudster, or the scammer will cut all communications with the user.
One thing is for certain. Users will not be able to withdraw! Typically, the broker will either cut all communication, quote its shady legal documents as a counter to all requests, shut down the user account, or even close the entire website!
What to do if scammed?
Immediately upon feeling suspicious file for a chargeback. Both VISA and MasterCard have extended their chargeback time span to 540 days.
Fraudsters can take out money from your bank account, and thus we encourage defrauded users to change their bank account name and password ASAP. And then users should contact the bank to set a plan of action with it.
Deposits made through any sort of cryptocurrency are for sure to be lost forever. That is why it is imperative to never invest in crypto.
So users will come across these self-proclaimed recovery agents, whose alleged job is to recover money lost to investment scams. All they ask is a service fee, which they will take and leave the user without a trace!