Welcome to my review of Intelligence Prime Capital or IPCapital.
It is supposed to be a platform that aims to give you access to next generation trading tools that you can use to trade in various capital markets.
Are you interested to know more about this platform and how it works? If you are, then you have come to the right place because I put together this review of IPCapital where you will learn how the platform works, its pros and cons, and whether it is actually legit.
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I Prime Capital Review
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Introduction to I Prime Capital
Intelligence Prime Capital markets itself as an international Fintech company that provides financial services to thousands of users around the world. The company believes in three key principles: professionalism, innovation, and integrity.
Fintech, short for Financial Technology, describes any new technological advancements that seek to improve and automate service delivery within the financial sector.
They allege that the company provides financial services to hundreds and thousands of users around the world.
They also claim to be fully licensed with all relevant regulatory authorities and that they hold a digital asset management license that allows them to provide users with “a one-stop diversified digital asset service platform.”
They also claim to carry out operations that will bring their services into the future of Fintech. For example, they offer quantitative trading, leveraged AI analysis systems, cloud storage systems, and enterprise-management software.
IPCapital’s goal is to serve the next generation of financial-savvy users that grew up with the internet because the internet has changed the way we do things.
Therefore this company claims to be committed to helping global users trade more effectively by providing them with proprietary AI analysis systems, financial services and technological innovations, and everything needed to survive in the modern financial markets.
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Who Is Behind Intelligence Prime Capital?
We are not exactly sure about the owners of I Prime Capital because there is little in the way of details over who runs this platform.
A quick look into the domain info via whois.com revealed that the website was registered quite recently. The original domain registration date is 2021-06-08. Thus, it’s clear that the platform started operating quite recently.
At this point, it starts to look like the site is not trustworthy. On top of that, the claim that it has more than 300,000 happy users and traders doesn’t make sense.
As per the official website, I Prime Capital aims to provide you with an enhanced trading experience as well as a customer-first approach, which is doubtful at this point.
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How Does IPCapital Work?
IPCapital claims to offer a variety of services, including Forex, Cryptocurrencies, Stocks, Commodities, and Indices trading. The website can be accessed via desktop, tablet, or mobile. It also has web-based trading.
IPCapital further claims to have a wide range of automated trading platforms and EA compatibility. Here are some of those services:
AIA BOT System: It’s an AI-based robo-adviser platform that analyzes millions of data points and executes trades at the optimal price. It is a bit like The Plan by Dan Hollings or KarbonAI in that sense.
IPCloud: IPCloud is a diversified asset management platform that’s equipped to provide reliable and trustworthy custodian services for both enterprises and individual users.
Forex Trading: Forex trading is the buying and selling of currencies with the goal of making a profit off the changes in their value. IPCapital claims to offer this too.
CFD Trading: CFD or contract for difference trading. The company claims to have a popular financial derivative product that allows investors to trade the price changes of different financial assets.
Cryptocurrencies: Cryptocurrency trading is the process of buying and selling coins or tokens with the aim of generating a profit. They also claim to offer this.
Trading Platforms: The available trading platforms they provide include meta trading, mobile trading, and mac trading.
Referral Program
IPCapital runs an affiliate program, which we suspect is the main way for people to make money when they join in.
When you refer a new member, you get paid a percentage of their “investment.” This bonus is only paid out to the first level of referrals. If you are referring a new member, you will get paid depending on your ranking.
Here are the seven ranks and the percentages each of them get when they sign up new members:
- Leader – 5%
- Supervisor – 6%
- Senior Manager – 7%
- Department Manager – 8%
- Regional Manager – 9%
- Managing Director – 10%
They also have a “management bonus” that works like this:
They are classified into:
- Level 1 – 30%
- Level 2 – 20%
- Level 3 – 10%
- Level 4 & 6 – 5%
- Level 7 & 9 – 3%
- Level 10 & 14 – 2%
- Level 15 & 20 – 1%
They also have a Global Bonus but it is only available for the Managing Director and Shareholder Director level.
All this implies that IPCapital does not offer a high quality service and instead focuses on recruiting new members and making money off of their “investment.”
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Is IPCapital Legit?
No, Intelligence Prime Capital is not a legit, reliable, and trustworthy platform.
As per their official website, they claim to have started operating in 2006 but in reality, we have found that the platform registered the domain last year. Hence, their claim of running a legit business isn’t true. It also makes us doubtful that they have 300,000 happy users if they started the platform last year.
We also don’t know who runs the company. There’s little in the way of information about the people behind it, something you’d want to be aware of when signing up for such a platform.
The platform claims to offer you features like a simple and uncluttered interface, an innovative online trading platform, access to the WebTrader from any computer, minimum hassles, maximum profits, but if you take a closer look, it doesn’t work like that. They are more reliant on recruiting new members and paying people from the money they collect in “investment,” a text book case of a Ponzi scheme.
Intelligence Prime Capital Verdict
Given all the red flags we’ve seen, it is hard to believe that IPCapital has regulatory approval and authorization to run its business. And by this, I mean the business they purport to carry out: offer financial services.
All signs point to this being a ponzi scheme and there is a high probability that you will end up losing your money if you invest in their “trading and cryptocurrency services.”
If you are looking for a reliable and legit trading platform that’s risk-free, then IPCapital is not where you want to be.
Before you leave
If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.
It’s helped me earn over $300,000 in the last 12 months alone:
Go here to see my no.1 recommendation for making money online
(This is a 100% free training)
David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.