Indexstockpro Review – The Troubling Facts about the Broker

Indexstockpro Review

The cryptocurrency market is enjoying a lot of hype these days and this does not come as a surprise because plenty of people were able to make profits when cryptocurrencies climbed to their all-time highs.

New projects and tokens are also announced routinely, so there is a lot of growth and this means there is no shortage of opportunities. To access them, you need the services of a broker, much like the traditional markets, but this Indexstockpro review tells you that you need to be cautious.

This is because the crypto market is still relatively new and highly unregulated. Moreover, a lot of people who enter this space do not have extensive knowledge of the space, or a clear understanding and this is exactly what criminals can and do exploit.

A number of crypto brokers in the market are actually straight up scams that are only trying to exploit the popularity of this market and the eagerness of people to jump in. These companies just rely on the hype, along with the lack of understanding that people have about cryptocurrencies in general.

Unless you want to find yourself in the victim list, you should approach be extremely careful when you decide to deal with cryptocurrencies. Just because a brokerage is making all kinds of promises does not mean it can be trusted.

You have to take everything with a grain of sale and do your own homework to ensure you are not ending up in a trap. It can be devastating to discover that you have been fooled and the losses can also be difficult to accept.

Where does Indexstockpro come in? The brokerage also portrays itself as a crypto CFD broker, but is it really so? You will find lots of troubling facts about Indexstockpro that clearly show that you are not dealing with a genuine platform. What are they? Take a look here.

No background or details

Your relationship with your brokerage is based on trust; opening an account with them means giving them your hard-earned money for safekeeping and also sharing other sensitive and confidential information. Hence, you cannot pick a random broker for this purpose.

You have to ensure it is a trustworthy one and has a great reputation. In addition, brokerages are also licensed, so you need to ensure that the one you are considering is authorized to provide its services.

This depends on where they are based because the regulatory body for every jurisdiction varies. But, when you try to look into Indexstockpro, you will discover that they have not provided any background, or other details on their website.

Essentially you are dealing with a virtually anonymous brokerage because there is no information about where the brokerage is operating from, or whether it is licensed or not. You do not know who is operating the company and this is not a platform that can be trusted.

If something was to go wrong, you will not know where to reach Indexstockpro, or what action to take. A genuine company will also provide a full corporate background to reassure its clients and also share details about its license. Only offshore and fraudulent entities will try to conceal information because they do not want you to reach them.

Absence of a trading platform

The primary reason why you need the services of an online broker is because of the trading platform they provide to you. This platform is what you need to connect to the financial markets and for executing your trades.

It also provides you the tools that often come in handy during the trading process for making well-informed decisions. Therefore, it shapes your overall trading experience and you want it to be top-notch.

The MT4, or the MT5 are recognized as two of the top trading platforms that exist in the market and are known to have cutting edge tools and technology that can offer a seamless trading experience.

But, does Indexstockpro offer any of these trading platforms? Unfortunately, you will find that the brokerage does not appear to offer you any platform at all and this is where its story falls completely apart.

What is the point of a brokerage when it has no trading platform? It means that Indexstockpro is just a sham and nothing more. In lieu of a trading platform, it is offering a chart, which you can only look at. If you wanted to do so, you can just do it online and not need a broker for this purpose.

Excessive leverage

One of the trading conditions that brokers usually offer traders is leverage, which allows people to make bigger trades than their capital. This is a perk, but it also comes with risks, due to which regulated brokers usually offer limited leverage to their clients. A look at Indexstockpro shows that it offers leverage of about 1:20.

If this was for standard financial instruments like stocks, of currency pairs, such leverage would have been acceptable. But, you should remember that Indexstockpro is offering access to the crypto market, which means such high leverage ratios are downright dangerous.

Cryptocurrencies are highly volatile and risky and such ratios are considered practically suicidal. No regulatory authority would ever permit a crypto broker to offer such high leverage levels to their clients.

No chargeback possible

A look at the payment methods of a broker is also a must because you want convenient and easy options and you also want to ensure you can get a refund, if needed.

Your hopes will be dashed when you check out the payment methods at Indexstockpro because they only support wire transfers and crypto payments and these do not offer you the option of chargeback. Therefore, they are mostly preferred by scammers and criminals because they just take your money and disappear and you will not be able to do anything about it.

Bottom Line

These troubling facts that you uncover about Indexstockpro reveal that you are not dealing with a quality or legitimate broker at all.