Reviewed by Shaun David 
Shaun David
Regulation • Trading Algorithms • Market Analysis
I’m extremely passionate about the financial markets and working with innovative technology that makes trading better and safer. Since joining the CleaRank team, my primary role is working with real-time broker performance data using the CLEAR™ technology and broker evaluation methodology. I investigate brokers by testing their platforms and uncovering hidden risks and costs. My end goal is to level the playing field for traders and With an extensive background in market analysis and algorithmic trading, I’m qualified to find what matters most to traders. using our CLEAR™ Methodology The CLEAR™ Score (Credibility, Leverage, Execution, Accessibility, Regulation) is our proprietary ranking system. The CLEAR™ Score provides you with the most accurate and transparent broker ranking after evaluating all the key factors that are crucial for trading success. .
Last fact check on November 4, 2025 by
Jacob Bakshi 
Jacob Bakshi
CFD & Options Trading Specialist
Trading CFDs and options has been my playground for years, and I love helping others understand these powerful tools and what makes the financial world tick. My work mostly focuses on giving traders the confidence to make informed decisions with unbiased reviews into platforms that prioritize fair pricing, advanced tools, and reliable execution because In fast-moving markets, every detail matters. I have a background in market analysis and risk management, and I’m always on the lookout for brokers that offer the right tools for serious traders.
ITBFX Review 2025
ITBFX, also known as ITB Broker, portrays itself as a legitimate online brokerage with a modern website that promotes the usual fast execution and competitive spreads. To the non-professional eye, nothing seems unusual at first glance. However, our detailed review exposed multiple alarming red flags ranging from no genuine regulatory oversight, offshore registration in Saint Vincent & the Grenadines known for illicit activities, dangerous leverage conditions, and suspicious promotional tactics designed to make withdrawals impossible. It truly gets rarely worse than ITBFX’s CLEAR™ score of just 0.4 out of 5, placing it deep into the high-risk category. You can also check their latest risk status using our proprietary CLEARCheck™ Broker Risk Scanner. We also experienced bad gateways and errors just by casually scrolling through their website on multiple occasions. We’ll portray the evidence and why you should seek a more reputable alternative.
Failed CLEAR™ Score: 0.4/5
Regulatory Red Flags: Offshore Registered with No Regulation
ITBFX is simply registered in the offshore jurisdiction of St. Vincent and Grenadines as an LLC (see certificate below) which means there’s no regulatory oversight and zero investor protection. Offshore jurisdictions like these are notorious safe-havens for unethical broker behavior, leaving traders completely vulnerable in disputes or insolvency. Unlike Tier-1 regulated brokers (FCA, ASIC, NFA), ITBFX traders have no meaningful regulatory recourse or financial safety net. Even the BVIFSC issued a public statement warning to exercise extreme caution before conducting any business with ITBFX.
If something goes wrong, and it most likely will due to the sheer amount of trader complaints, you can expect no support and zero protection. Your money will vanish without accountability and virtually without a trace.
Ahrefs Audit: U.S. and India Organic Traffic Raise Red Flags
We started our investigation with a full website traffic audit of ITBFX using Ahrefs, a reputable tool for web traffic analysis. You can see the results circled in red on the screenshot below, ITBFX heavily targets traders from restricted jurisdictions, with 62.3% of its organic visitors traffic coming from India and another significant 9% from the United States. These are its top two traffic sources and both markets require strict licensing and compliance such as SEBI for India and NFA/CFTC for the US. ITB Broker holds none of these licenses, yet clearly offers and promotes its services to traders from these regions, which is considered criminal activity as it’s in breach of local laws. Legitimate brokers like Tickmill or Fusion Markets actively block unauthorized countries, whereas ITBFX’s strategy suggests deliberate disregard for local regulatory laws.
Another key observation from the audit is that ITBFX does not run any paid search ads, this is circled in yellow on the screenshot below. Normally, online brokers attract potential traders through running Google PPC campaigns (paid search ads). So why do we not see any data for ITBFX and why is this a red flag? Google only allows regulated and legitimate financial institutions to advertise and it actively vets broker eligibility, banning any unauthorised advertising. If ITBFX is not good enough for Google it should serve as an additional warning.
SEO Metrics Don’t Equal Trust
We acknowledge ITBFX is growing organically. Their Ahrefs profile shows a respectable volume of 33.3K monthly organic traffic. But organic growth means nothing if what’s growing is a scam funnel. You can put lipstick on a pig, but it’s still a pig. The rise in keywords and backlinks is more likely driven by aggressive affiliate pushes and fake reviews than actual trader satisfaction.
Mostly Negative Reviews and Withdrawal Complaints
From TrustPilot to trader forums, the ITBFX customer reviews unfortunately tell a story we’ve seen too many times before:
Unfortunately, it’s a rigged game from the start and in many instances they keep your entire deposit without intending to pay anything out, irrespective of whether you win or lose. Overall, the tsunami of consistent negative experiences and complaints indicates intentional fraudulent behavior rather than isolated or debatable incidents.
TrustPilot reviews for ITBFX
1:500 Leverage: The Wipeout Formula
Unregulated brokers make money from your deposit and if they can portray that you lost the funds by trading their simulated market then they believe you won’t complain or seek fund recovery as they have justifiable cause. You traded and you lost. Remember, trades are just displayed on their trading platform and not actually executed in the market. ITBFX doubles down on this high risk strategy with up to 1:500 leverage, which is 17x higher than what European regulators permit. At this ratio, just 0.2% price movement can liquidate your position. Brokers who offer this kind of leverage are not protecting your capital — they’re betting against it.
These are the kinds of tactics you find in offshore boiler rooms: push the leverage high, offer a tempting bonus, delay or block withdrawals, then ghost the trader after liquidation.
The Bonuses and Crypto Loans Trap
ITBFX aggressively markets promotions and bonuses, including multiple deposit bonuses, cashback offers, and their “crypto-loan” schemes. Attractive initial offers like the 100% Forex Bonus, 50-50 First Deposit Bonus, and seemingly generous cashback rewards are designed to lure traders seeking extra capital or risk reduction. However, the hidden fine print consistently traps traders into impossible withdrawal conditions, often requiring excessively high trading volumes before permitting any withdrawals. Note, the fine print is irrelevant as the entire ITBFX operation is illegal.
In particular, the cryptocurrency lending scheme claims easy loans with minimal interest, no guarantors, and fast approvals by simply depositing cryptocurrency collateral. However, traders quickly discover these crypto-loans are another trap as funds never go out. Once cryptocurrency is deposited into wallets controlled by ITBFX, the promised loans will be reflected in your trading platform. However, since you’ll never be able to execute a withdrawal from the trading platform, your deposited collateral is irretrievably lost. Such schemes are classic hallmarks of offshore-broker tactics, designed explicitly to lock in client funds and force reckless trading in an attempt to meet unreachable terms.
Traders are strongly advised to scrutinize all promotional terms thoroughly. ITBFX’s bonus and loan promotions are systematically structured to trap and exploit, signaling clear unethical intentions.
Action Steps for ITBFX Traders
If you are in the unfortunate position of having deposited funds to ITBFX (ITB Broker), then we we advise you take the following steps:
Our Verdict for ITBFX
ITBFX’s notoriously low CLEAR™ Score of 0.4/5 clearly reflects its serious operational and ethical concerns. There’s no regulation, blowout leverage, withdrawal denials, and manipulative bonus conditions. It doesn’t end there, if we consider their crypto lending scheme and ocean of negative reviews flooding the web, then it makes our verdict straightforward—avoid at all costs.Choose safety over snake oil. Look toward a CLEAR™ certified Tier-1 regulated broker like Darwinex (FCA) or tastyfx (CFTC) if you value your deposits.
ITBFX FAQs
Shaun David
I’ve spent majority of my life studying finance and building a successful career from analyzing market trends to spotting successful early adoptions in the crypto industry, and I’ve come to realize I’m not purely analyzing numbers, but the psychology and sentiment of the crowd. As one of CleaRank’s earliest team members I take a hands on approach and personally test brokers by opening real money accounts, executing trades, and stress testing their customer service. Throughout my career I’ve built trading algorithms, managed long term investment portfolios, and helped traders avoid shady brokers before they even knew they were at risk. Whether it’s uncovering hidden fees, evaluating regulatory loopholes, or optimizing trading strategies, I live and breathe the financial markets.
