Uncovering the Perils of Unregulated Broker ImpresaMarkets

Beneath the facade of potential prosperity in forex trading lies a shadowy landscape of scams preying on unsuspecting investors. This expose embarks on a journey through the hazardous terrain of the fraudulent broker ImpresaMarkets, cautioning traders to fortify their defenses against the cunning traps set by scammers in the Forex world.

About ImpresaMarkets

ImpresaMarkets repeatedly affirms its commitment to honesty and transparency, promising a cutting-edge platform, seamless trading experience, innovation in CFD trading, information accessibility, and exceptional customer support. According to ImpresaMarkets, all funds deposited into clients' trading accounts are kept in segregated accounts. The broker claims to offer flexible trading conditions, charge no commissions on trades, deposits, or withdrawals, and provide bonuses and a loyalty program. Their trading account types cover various levels from Bronze to VIP, with a minimal deposit of €10,000 and a maximum deposit of €1,000,000. However, no specific details about its trading conditions could be found on the broker's website.

Is ImpresaMarkets Regulated? 

In the Regulation section, Impresamarkets claims to be a registered business with security and reliability and to adhere to the highest compliance standards. However, it doesn't present any information about its regulation or contact. The lack of such important information is a distinct signal of an unlicensed broker. Actually, Impresamarkets has not been approved by any regulators to provide financial services.

Clientele Feedback

Numerous traders from Italy gave poor feedback on Impresamarkets, accusing the broker of stealing money, blocking accounts, preventing withdrawals, and executing a scam.

CONSOB's Warning

On 25 September 2023, the Commissione Nazionale per le Società e la Borsa (CONSOB) published a warning list including five trading platforms that offer financial services illegally, and Impresamarkets is one of them. According to the regulator, the black-out of these websites by internet service providers operating on Italian territory is ongoing. 

Bottomline

It is a given that Impresamarkets is not regulated, the poor customer reviews indicate that the broker is committing fraud, and CONSOB has issued a warning against it, there is no doubt that Impresamarkets is a scam. The broker's vague promises, such as competitive spreads and magnified returns, appear unconvincing.

Do not deal with brokers that lack regulatory oversight and compliance, your hard-earned money deserves a safe and reliable platform for investment. If you have any concerns about your potential broker, please ask us a Question and BrokersView will answer for free.