International Medical Ventures has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: 40 Wall Street New York NY 1005 United States; Aeschenvorstadt 71 Basel Switzerland 4051 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: imedvt.com.
The onboarding at International Medical Ventures 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: Instant funding|Customizable dashboard
Cons: Limited demo account features
International Medical Ventures has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Two-factor authentication|Transparent fees|Social trading features
Cons: Spreads widen during volatile periods
Do not use International Medical Ventures for anything serious. I used them for about eight 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: Intuitive for beginners|Transparent fees|Quick verification
Cons: No live chat on mobile|Withdrawal takes 1-2 business days
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. International Medical Ventures said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Clear documentation|Wide product range
Cons: Minimum deposit could be lower
I requested my data from International Medical Ventures 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: Real-time alerts|Smooth onboarding|Easy withdrawals
Cons: Onboarding videos are outdated|Nothing significant
International Medical Ventures advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Excellent charting|Smooth onboarding|Automated trading options|Tax reports included
Cons: Currency conversion fee exists