ITP Markets Review

About ITP Markets

ITP Markets operates as an unregulated broker registered in Saint Vincent and the Grenadines under the name ITP Market Ltd, with address Suite 305, Griffith Corporate Centre, Beachmont Kingstown, P.O. Box 1510 (). The broker offers various account types labeled as CRYPTO, MICRO/CENT, STANDARD, PRO, and ECN, along with trading via MetaTrader 4 (MT4) platform (). Trading conditions include a minimum deposit of USD 10, maximum leverage up to 1:500, and spreads starting from approximately 1.5 pips (with ECN account potentially offering tighter spreads such as 0.2 pips) ().

ITP Markets focuses on trading in Forex and cryptocurrencies (). No regulation from any reputable authority exists. The claimed registration with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines is not valid, as that authority does not issue forex brokerage licenses (). Furthermore, the broker’s registration with SVG FSA has reportedly been cancelled, and the website is currently unavailable ().

Pros and cons

Pros

• Multiple account types available (CRYPTO, MICRO/CENT, STANDARD, PRO, ECN) ().
• Low minimum deposit (USD 10) and high maximum leverage (up to 1:500) ().
• Use of widely known MetaTrader 4 platform ().

Cons

• No regulation or oversight by recognized financial authorities; FSA SVG does not license forex brokers ().
• Website downtime and cancelled registration indicate operational instability ().
• No mention of segregated client accounts or fund protection mechanisms ().
• Limited transparency regarding customer support, educational resources, deposit and withdrawal methods ().