Yet another broker from the Republic of Nauru, or just another scam? Meet IplexPro, a company that has only recently entered the forex market but already claims imaginary reliability and supposedly attractive trading conditions. However, there is no serious regulation here, nor are there any reviews available online.
Brief Overview
- 🖥Official Website: https://iplexpro.com
- ✈️Contact Address: Island Ring Road, TB Office, NRU68, Yeren, Nauru, Republic of Nauru
- 📞Customer Support: support@iplexpro.com, +441134034133
- 🔐Licensing and Accreditation: ISA
- ⏳Track Record: 2024
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $5,000, 1:400
- 💰Additional Services: personal portfolio, research tools, exclusive daily market analysis, account manager
Iplexpro.com Examination
The official website is built using a pre-made template. Even the phrases and expressions lack any originality. IplexPro constantly uses pseudo-motivational and meaningless slogans: “Your path to global markets”, “Trade with a simple tap on your device”, or “Harness cutting-edge trading technologies”. All of it is just marketing noise.
The website is filled with stock photographs:
- A man in a shirt holding a phone and looking at a chart.
- A guy in a blazer giving a thumbs up.
- A smiling woman with a laptop.
- A guy in a denim jacket with a MacBook.
These are simply stock characters. Such photos can be found on Google in three seconds. None of them show any signs of being actual traders: no terminals, no equipment, no analysis. This is not the broker’s team — these are just images thrown in to avoid empty space.
The site supports only two languages: English and Portuguese. Legal documents are provided in a separate section, and the footer includes legal information and a risk warning. However, many important details remain undisclosed. IplexPro does not specify how long it has been operating, does not list the names of its founders, and provides no explanation of its business model. In short, it is a typical templated website that offers nothing to praise.
Company Contacts
Users have only two ways to contact IplexPro managers:
- Email.
- Phone number.
The listed phone number has the +44 code, which corresponds to the United Kingdom, yet the company has no addresses in that jurisdiction. Moreover, IplexPro does not offer any additional means of contact, such as an online chat or a contact form. Messaging apps and social media accounts are also absent. It appears the broker has no interest in allowing traders to resolve issues or contact support promptly.
Key Conditions
The trading conditions at IplexPro appear poor and unfavorable even at first glance. Most notably, the minimum deposit requirements are excessive. There are five account types, and to open the most basic one, clients must invest at least $5,000. That is extremely high. For comparison, FXCM or Oanda offers account options with deposits under $100, including cent and demo accounts. Here, an obscure broker demands $5,000 upfront. That is a risky amount, particularly for beginners. The second account type requires $25,000; the third $50,000, and the fourth and fifth have entirely unreasonable thresholds.
Leverage ranges from 1:200 to 1:400, which is quite risky for any trader, but typical of companies without proper regulation. There is nothing surprising about this.
The homepage advertises “$0 commission”, yet the pricing plans indicate “no commission” only for the highest-tier account. So the actual commission structure remains unknown — one of the most critical parameters is being concealed. Furthermore, IplexPro does not disclose its spreads, using only vague language such as “Stable and low”. A contract specification section is entirely missing.
The company is clearly trying to extract more funds from its clients. Higher-tier accounts offer more services and privileges. Want assistance from a personal manager or access to analytics? You must deposit more money. No other option is provided. This approach is commonly associated with unlicensed and dishonest brokers.
Exposing IplexPro
Now it is time to examine more serious aspects of their operations. Although the appearance of the official website and the trading conditions already suggest that this company is not to be trusted with your funds, we must still verify the legal information and regulatory status in order to reach a conclusion.
The footer of the IplexPro website lists a legal address in the Republic of Nauru and claims regulation by the local financial commission, ISA. That is indeed correct, but the real question is: can such a license be trusted?
Regulation by the ISA cannot be considered reliable under any circumstances. It is an offshore jurisdiction where obtaining a “licence” takes just a couple of days — one simply needs to submit an online application, hold a share capital of approximately $15,000, pay a fee of around $6,500, and that is it — the company is ready. The ISA does not require bank statements, reserves, auditors, or KYC/AML systems, does not carry out genuine inspections of companies, and does not interfere with broker operations. In essence, it is not an oversight, but merely a certificate to stick on the website for show.
By contrast, obtaining a license from the FCA (United Kingdom) or CySEC (Cyprus) is a far more rigorous process. A broker must demonstrate capital of at least €125,000, undergo an audit, implement segregated client fund systems, join compensation schemes (such as FSCS in the UK), submit directors’ biographies, provide financial reporting, and file regular disclosures. Moreover, at the slightest breach, the FCA can suspend the company’s operations. Clients are protected — if the intermediary disappears, compensation of up to £85,000 per account is available. The ISA offers none of this. No fund protection, no supervision, and no accountability.
In addition, IplexPro has little operational experience. It entered the brokerage market very recently. The domain of its official website was registered only on 30 August 2024.
That is not all. It appears Nauru has become a haven for scammers launching identical broker projects. For instance, the company Carioro, operating via the website carioro.com, looks exactly the same as the subject of our review. They have the same account types, the same website template, and the same platforms. The only difference is in the color scheme and branding. How many of these dangerous projects already exist?
What Reviews Do Users Leave?
This is a very new platform, so it is no surprise that there are virtually no reviews online. No one knows about IplexPro, and no one is discussing or commenting on it. Finding any feedback on the company is a difficult task. That alone is a serious reason to avoid engaging with this firm.
Conclusions
There are no guarantees of reliability here, and the trading conditions are simply unreasonable. Moreover, there are identical brokerage platforms in existence. It appears we are dealing with a full-scale scam production line within the forex industry. IplexPro is categorically not recommended for trading.
Pros/Cons
- The firm is registered in the Republic of Nauru.
- Inadequate minimum deposit requirements.
- No regulation from reputable and serious financial commissions.
- A small period of operation — the platform was launched in 2024 or later.
- Very few reviews on the Internet.
- The company does not disclose the names of the founders and business model.
I am simply disappointed on a human level. I believed I had found a reliable platform, invested $5,000, and hoped to earn some profit. They assured me everything was under control, everything was transparent, and my funds were safe. Then the problems started. Support became unresponsive, no withdrawals were processed, and no help was provided. And now? No money, no answers. Just a harsh lesson: do not trust those who hide behind pretty words and flashy images. It turned out to be a complete scam. There is no real trading – just a fake market