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InternationalReserve Review | A Journey to Financial Prosperity or Scam?

by Kevin Berry
Rating: 
  1.2/5   Reviews: 2
InternationalReserve - logo

InternationalReserve offers to embark on a journey to financial prosperity and maximize training potential. However, questions regarding the security of client funds arise immediately. Can a platform without a license and with a legal address in Saint Vincent and the Grenadines be trusted, or is it a 100% scam? Reviews on the internet are sparse, although the website claims to have 300,000 users, so we will have to examine this broker in detail. Let’s try to find out what the conditions are here, how beneficial they are, and if there are any reliability guarantees.

Highlights

🏛️ Country Saint Vincent and the Grenadines
⚠️ Regulation
🖥️ Website https://internationalreserve.net/
🎲 Demo Account No
⏳ Start Time 2024
💲 Minimum Deposit $250
⚖️ Minimum and Maximum Leverage 1:100-1:400
⚙️ Trading Platform WebTrader
📨 E-mail support@internationalreserve.net, Legal@internationalreserve.email
📞 Phone

First Impression of Internationalreserve.net

Let’s start examining the company by looking at its official website, and at first glance, it seems that InternationalReserve has created a unique resource, unlike other sites. However, this is not the case. We are faced with a classic template that is very commonly found among other brokerage firms, exclusively those that are illegal. So, this is the first red flag.

What constitutes this templateness? A standard top panel, clichéd phrases, meaningless propositions, a lack of transparency, and scant useful information. The user agreement and other legal documents are presented as screenshots, not text, which complicates the search for necessary data, and besides, the text cannot be copied.

InternationalReserve - site

The site talks about the advantages and merits of the company, as well as the opportunities available to traders. InternationalReserve does not provide information about itself, as it is unknown what regulation it follows, the specific office address, and other aspects of its operations. Can the company be praised and said to have a quality, beautiful, and useful website? Definitely not, as the official website is the face of any organization.

Partnership and Bonuses

InternationalReserve offers clients both bonus promotions and an affiliate program. All received bonuses require meeting certain conditions before they can be withdrawn. The broker requires a certain turnover, calculated by the following formula: the size of the bonus multiplied by 20,000. Besides, profit cannot be withdrawn, a period of 90 days is given to meet the conditions, and trading is only possible in Forex. Thus, the bonuses here are clearly disadvantageous, so it is not recommended to take them.

Also, clients can invite new traders through a referral program. However, InternationalReserve does not pay real commissions, but bonus ones. The partner receives a 10% reward from the referent’s deposit, but in the form of bonuses. Therefore, such an offer cannot be called beneficial.

Account Opening on Internationalreserve.net

To create an account, one should click “Create an account” on the main page and provide personal information. There is nothing unusual to note about the registration process. InternationalReserve asks you to agree to the terms and that the trader is not a citizen of the USA.

Registration

However, it was not possible to register an account on the first attempt. Then, the system sent us the message: “We have received your request, see you soon!”. So, does InternationalReserve ask us to wait while the managers write or call? Quite a strange approach, to be honest. It is unlikely that verified brokers do the same, usually only illegal firms act in this way.

What happens next? Most likely, crafty managers will contact the client and persuade them to make a substantial deposit, offering bonuses and various additional services. It is another negative sign.

By the way, it is unknown whether InternationalReserve has a demo account or not. Such an option is not described on the website.

Verification

The company requires the provision of three types of documents to complete the verification process. This process is mandatory as InternationalReserve adheres to AML & KYC policies.

Therefore, traders will need to upload the following set of documents:

  • Proof of identity. Any government-issued identification.
  • Proof of residence. A utility bill or bank statement will suffice.
  • Credit card. Both sides, but the first four digits of the number and the CVV must be obscured.

We advise against rushing into the verification process with lesser-known companies that you do not trust. The reason is that your personal data may fall into fraudulent hands.

Pros
  • AML&KYC are described in a separate document.
Cons
  • No timeframe for processing documents is specified.
  • InternationalReserve requires a photo of the bank card.

Trading Software

The InternationalReserve platform does not require installation, as it operates as a WebTrader in any browser, including mobile. No separate applications have been created for smartphones or computers. It is known that the web version is inferior to mobile and desktop versions in terms of the number of functions and options, as well as in optimization and speed of operation.

Terminal

Although we cannot register an account without a manager, it is still possible to see the trading terminal with our own eyes. The platform does not offer anything advanced or multifunctional. Clients can only use basic tools: technical analysis, indicators, pending orders, and various timeframes.

Judging by the interface, the platform is integrated into the personal account, which is not a practical solution. In general, InternationalReserve offers primitive software, suitable only for beginners and only temporarily while they learn about the market.

Features InternationalReserve GoldNrise AiFxMarkets
Demo Account
Mobile App
Own Development

How Can I Trade With InternationalReserve?

The firm provides access to CFDs, including over 200 assets across all major market classes, including cryptocurrencies. To understand how favorable the conditions here are, it is necessary to consider the types of accounts, as this affects spreads, leverage, and other options.

All Info About Accounts

InternationalReserve has developed 6 tariff plans and additionally a VIP status for those who can afford to invest more than $500,000. So, here is a description of the account types:

  • Basic. The minimum deposit is $250. This tariff includes educational resources on cryptocurrencies, market insights, ebooks, and mastering tier-1 arbitrage.
  • Advanced. From $10,000. Access to a personal dedicated manager, leverage up to 1:100, and tier-2 arbitrage becomes available. Also known for spreads from 1.6 points.
  • Pro. Priority withdrawal of funds, room analysis, monthly analyst sessions, leverage up to 1:200, and spreads at 1.5 points. A minimum deposit of $25,000 is required.
  • Elite. From $50,000. Advanced tools, weekly webinars, spreads at 0.5 points, and leverage up to 1:300.
  • Prime. At least $100,000. Zero spreads, leverage up to 1:400, daily webinars, and VIP events.
  • Platinum. From $250,000. Individual conditions.

Account types

It’s interesting what the spreads and leverage are for the first “Basic” tariff? Since there is no such information in the description. Moreover, a minimum deposit of $250 seems quite high. In practice, proven and well-known firms have long since lowered the minimum threshold to $10 or less. It’s also worth noting that InternationalReserve does not even offer a demo account. So, to try the service, one needs to invest $250 or more, which is a significant amount for many beginners.

Well, the spreads are known, but what about commissions? They must exist, as zero spreads would not generate income for the broker. Or does InternationalReserve operate on a different business model, where the main source of income is the traders’ lost money? Indeed, the firm operates as a dealing desk. There is also no information regarding Islamic accounts, ECN, and cent tariffs. And leverage of more than 1:100 clearly hints at non-compliance with the requirements set by regulators.

Pros
  • None.
Cons
  • The business model of dealing desk.
  • A high minimum deposit.
  • Commissions are not specified.

Market Analysis and Education With Internationalreserve.net

Clients can utilize free auxiliary resources, such as e-books, an asset index, FAQs, and online quotes for popular cryptocurrencies. However, InternationalReserve does not offer educational courses or an online calculator. There is also a lack of news and an economic calendar, so traders will have to resort to third-party services.

Deposit, Withdrawal, and Fees

You can top up your balance using credit/debit cards, e-wallets, or bank wire transfers. The same methods can be used to withdraw funds, with the minimum withdrawal amount starting from $100. Commissions are not mentioned, so it is likely that InternationalReserve does not charge fees for transactions.

Features InternationalReserve TradeVtech Sollari
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

InternationalReserve has two email addresses, one for technical support and another for legal inquiries. The absence of a hotline number seems odd, as does the lack of an online chat for immediate communication. Users can also write a message in the hope of receiving a response.

In fact, it is unknown how to contact the company’s managers. We checked the email, and it turned out to be fake. Apparently, InternationalReserve does not want traders to initiate contact with the firm’s representatives.

Fake email

Pros
  • None.
Cons
  • Fake email.
  • No hotline and online chat.

Is InternationalReserve Dangerous?

Fake contact details are a very serious red flag. In addition, the trading conditions, the design of the official website, and the closed registration also suggest to us that InternationalReserve is a fraudulent organization. And to confirm this definitively, we need to check the legitimate status and operational period of the platform.

How Long Does The Broker Work?

InternationalReserve does not specify its founding date, as it clearly hides something, such as its brief period of operation. It’s very easy to determine when a broker was founded by looking at the domain registration date – January 15, 2024. Therefore, how the platform has 300,000 users is not particularly clear. There’s no doubt that this is fake data. Moreover, the number of reviews on the internet is so small that it’s unlikely even 50 clients could be gathered here.

Domain

How Is InternationalReserve Regulated?

The company also hides its legal address. Verified and honest organizations disclose their registration address, but InternationalReserve does not. This fact alone indicates suspicious activity. Meanwhile, the user agreement mentions the offshore jurisdiction of Saint Vincent and the Grenadines. Supposedly, the firm operates under the laws of this country, but we did not find such a broker in the SVGFSA registry.

InternationalReserve - SVGFSA

From this, we can conclude that the platform is unlikely to be legally registered. That is, we are dealing with an ordinary brokerage website without a license and legal entity registration.

Features InternationalReserve Legends Financial Company GensMarkets
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

Kevin Berry
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Expert Opinion

Bingo! All factors combined, InternationalReserve is a blatant scam. So many negative factors should definitely deter anyone wishing to lose their money here. Why get involved with such a fake platform when you can cooperate with verified and honest organizations? Please, do not feed the fraudsters with your money. Why do it? There’s a huge pile of such fake sites on the internet; they appear every day, and their average lifespan is about 1 month.

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InternationalReserve rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
Leave a review

The level of trust
Quick withdrawal of funds
Efficiency of technical support

2 reviews about InternationalReserve

Futsal February 10, 2024 - 21:29
I'm trying to contact them
Efficiency of technical support

I sent them a message through a special form, now I’m sitting and waiting. I asked them to provide legal documents and fully disclose trading conditions, as there’s almost no information about it on the website. It’s been 4 days now, and there’s still no response from the managers. Let’s see if they respond or not.

Reply
Diane Ball February 19, 2024 - 13:03
A few reasons why it's a fraud
The level of trust
Quick withdrawal of funds
Efficiency of technical support

It’s not the best option for trading. I would even say – the worst. First, InternationalReserve conducts illegal activities. This is indicated by the absence of a license, which every Forex/CFD broker should have. It’s missing here. Second, the firm looks very secretive because it doesn’t share information with us about when it was founded, where its office is, and what its fees are. Such secrecy speaks volumes, at least of the fact that we are dealing with fraud. Third, fake liquidity. This is CFD, meaning 100% B-Book. I’ll just say – it’s a conflict of interest. If you don’t know what that is, go look it up on the internet. In short, there’s nothing good here.

Reply

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