Cryptocurrency Exchanges

IBKR (Imposter)

1.4 (13 reviews)
🇳🇿 New Zealand
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1.4
13 reviews
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About IBKR (Imposter)

IBKR (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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The worst platform I have ever used

G
Gabrielle D.
1 months ago

The onboarding at IBKR (Imposter) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.

Pros: No hidden fees|Fast execution

Cons: Live chat only during business hours|Limited cryptocurrency options

Does not even meet basic standards

L
Laura H.
3 months ago

I experienced a security concern with my IBKR (Imposter) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.

Pros: Great customer service|Full transparency

Cons: No dark mode on mobile|Currency conversion fee exists

Stay far away from this company

J
James B.
3 months ago

I want to warn everyone about IBKR (Imposter). They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.

Cons: Withdrawal fees demanded|Communication cut off|Not authorized

Transfer to another broker refused

S
Steven O.
4 months ago

I requested my data from IBKR (Imposter) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.

Pros: Good analytical tools|Educational resources|Personal attention

Cons: Limited cryptocurrency options|Could offer more webinars

Rip-off dressed as a service

S
Seth C.
7 months ago

After for nearly two years with IBKR (Imposter), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.

Pros: Wide product range|Segregated accounts

Cons: Limited demo account features|No dark mode on mobile

Money trap disguised as a service

I
Ian X.
8 months ago

Do not use IBKR (Imposter) for anything serious. I used them for the past six months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.

Pros: Instant funding|Personal attention|Multi-currency support

Cons: Currency conversion fee exists|No crypto staking

No phone number that works

S
Sophia T.
8 months ago

The spread at IBKR (Imposter) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a trusted YouTuber reviewed them and initially thought the platform was good - until I started trading seriously.

Pros: Easy withdrawals|Fast deposits

Cons: Inactivity fee applies after 12 months

Something doesn't add up here

R
Rebecca N.
9 months ago

I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that IBKR (Imposter) has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.

Pros: Website looks legitimate on the surface

Cons: Unauthorized firm|Found in IOSCO warnings database

Labeled as bonus abuser

H
Helen G.
9 months ago

I have been trying to close my account with IBKR (Imposter) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.

Pros: Easy to use platform|Multi-device support

Cons: Onboarding videos are outdated

Licensed in a tax haven only

K
Kimberly E.
10 months ago

The reporting at IBKR (Imposter) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.

Pros: API access|Excellent charting|Transparent fees

Cons: Minimum deposit could be lower