ANSWER According to the platform's regulatory status, iPromarkets is considered a scam and not allowing to withdraw is a common situation in fraud schemes.iPromarkets claims to be a registered brand of Trinity Capital LLC, a company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 450 LLC 2020. While we indeed found corresponding records in the SVG FSA register, it is crucial to note that the offshore financial watchdog neither issues licenses for forex trading or brokerage nor regulates entities involved in such activities. Therefore, iPromarkets operates without supervision from the relevant regulatory body.In conclusion, iPromarkets is an unregulated broker that poses significant risks such as financial losses and identity theft. Without regulatory oversight, there are no rules in place to prevent fraud or theft. As such, investors are encouraged to stay away from unregulated brokers like iPromarkets and instead choose a fully regulated one.
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