Wikilix
Contract reading

What ITB legally published, but does not want you to read

Every clause below is published by ITB itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: ITB LIMITED

sole discretionhidden feeforum waivercountry restrictiondeemed acceptancejurisdictionprofit voidingunilateral amendmentwithdrawalsbonus lock

ITB LIMITED contracts with you from Seychelles, and the rulebook governing your deposits and withdrawals is not published. It can annul your profit on suspicion alone. You get five working days to complain, and ITB keeps the right to refuse. Its Farsi pages guarantee the security of your capital, while its English contract says non-English pages have no legal effect.

Back to ITB

Contract risk

Money at risk
8.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
7
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
17
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
12
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
6

How the 17 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical7
Warning10
Notice0

section 55 of 57is where the deepest clause sits, 96% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

4 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical7Withdrawal limit. Jump to the clause this comes from.The withdrawal rulebook is not publishedCritical3In the contract. Jump to the clause this comes from.Farsi promises, English only contractCritical5 working daysTime to complain. Jump to the clause this comes from.Five working days to complain, then silenceCritical$5Fee on an unused account. Jump to the clause this comes from.Five dollars a month, then what is left goes to charity

What the documents say

17 clauses worth knowing about, worst first, each quoted from ITB's own files

01

ITB hands the rules for every deposit and withdrawal to a document called the Regulations for Non-Trading Operations. That file is not on its website. Seven of the nine documents the Client Agreement binds you to are missing from it.

Why this matters

You accepted the terms that govern your own withdrawals without being able to read them. If ITB changes what a withdrawal costs, there is no published version of that file to check it against.

Exhibit 1CriticalHarder than usual7

Funds deposits and withdrawals to/from the Trading Account shall be governed by the Regulations for Non-Trading Operations.
Clause CURRENCY AND PAYMENTS in Client Agreement
Read from the broker's site on Archived copyOpen the reference
Our own capture of itbfx.com, taken on Sep 10, 2026The claim, on Persian about page, list of advantagesVisit this page on the broker's siteDownload the full size image file
Our own capture of itbfx.com, taken on Sep 10, 2026What the contract says, clause CURRENCY AND PAYMENTSThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

Buried at section 30 of 48 in the Client Agreement, 63% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client the terms of the service, including costs, before that client trades. ITB's contract points at a document it does not publish.

ITB is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 9The one charge on a withdrawal that is written down sits in the published contract, and the rest of the withdrawal rules stay in the file ITB keeps back.
02

If ITB suspects fraud, manipulation or arbitrage, it can unwind your trades. It then keeps any profit it decides, in its sole discretion, was gained inappropriately. Neither manipulation nor arbitrage is defined anywhere in the contract.

Why this matters

Profit you have already banked can be removed from your balance, and ITB does not have to prove anything first. The same clause says it is not liable for any loss that removal causes you.

Exhibit 2CriticalHarder than usual

Under such circumstances, the Company shall be entitled to withdraw any profits and charge any costs which it deems, in its sole discretion, to have been inappropriately gained and shall not be liable for the cancelation of any Transaction or profits or in the event of any damages or losses which may result from the suspension, closure or unwinding.
Clause SERVICES in Client Agreement
Read from the broker's site on Archived copyOpen the reference
Our own capture of itbfx.com, taken on Sep 10, 2026Suspicion alone lets ITB take back your profit (clause SERVICES)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 18 of 48 in the Client Agreement, 38% of the way through.

  • Worse together with Exhibit 4ITB can strip the profit at its own discretion, and the window to challenge that decision closes five working days after the event.
03

ITB sells in three languages besides English, and its Farsi pages guarantee the security of your capital. The Miscellaneous document says information in any language other than English does not bind ITB and has no legal effect whatsoever.

Why this matters

The sentence that persuaded you to deposit was written in Farsi, and ITB has already said in English that it means nothing. You are held to the English file you probably never opened.

Exhibit 3CriticalHarder than usual3

Translation or information provided in languages other than English in the Company’s local websites is for informational purposes only and do not bind the Company or have any legal effect whatsoever, the Company having no responsibility or liability regarding the correctness of the information therein.
Clause MISCELLANEOUS in Miscellaneous
Read from the broker's site on Open the reference
Our own capture of itbfx.com, taken on Sep 10, 2026Farsi promises, English only contract (clause MISCELLANEOUS)Visit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 14A promise made in Farsi has no legal effect, and the only forum for arguing about it is a court in Seychelles.
04

You get five working days to complain about a trade, counted from the day the event happened and not the day you noticed it. ITB then keeps the absolute right to refuse your complaint, and its own server log outranks anything you bring.

Why this matters

Miss the fifth day and the trade stands, whatever happened. ITB does name The Financial Commission as an outside body, but you have to get through its own process first, and it picks the method of that process itself.

Exhibit 4CriticalHarder than usual5 working days

the Client has the right to lodge a complaint with the Company within (Five) working days after the occurrence of the event.
Clause THE PROCEDURE FOR DISPUTE RESOLUTION in Use of the trading platform and safety
Read from the broker's site on Open the reference
Our own capture of itbfx.com, taken on Sep 10, 2026The claim, on Persian licences and honours page, MWALI sectionVisit this page on the broker's siteDownload the full size image file
Our own capture of itbfx.com, taken on Sep 10, 2026What the contract says, clause REFUSAL OF COMPLAINTVisit this page on the broker's siteDownload the full size image file
Our own capture of itbfx.com, taken on Sep 10, 2026Five working days to complain, then silence (clause THE PROCEDURE FOR DISPUTE RESOLUTION)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must accept a retail client's complaint, answer it inside a set period, and leave the client access to an independent scheme. ITB's contract gives you five working days from the event and keeps the right to refuse.

ITB is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 12The evidence you would need shrinks to a single line after a month, and ITB's messages can be deleted after three days, inside the same window you have to complain in.
05

When ITB closes your positions for lack of margin and the account ends in deficit, you owe the whole shortfall immediately. ITB can also take that loss from money sitting in your other accounts with it.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

A market gap can leave you owing ITB more than you ever deposited. Money in a second account you kept separate is not out of reach.

Exhibit 5CriticalHarder than usual

If a Stop Out execution has resulted in a negative Balance of the Client's Trading Account, the Client shall be liable for this loss and must make a payment of the full and total amount due immediately. Company has the right to compensate this loss at the expense of the Client's funds located in other Accounts belonging to the Client.
Clause STOP OUT in Principles of Working in the MetaTrader 5 Trading Platform
Read from the broker's site on Open the reference
Our own capture of itbfx.com, taken on Sep 10, 2026The claim, on Persian home page, regulation sectionVisit this page on the broker's siteDownload the full size image file
Our own capture of itbfx.com, taken on Sep 10, 2026What the contract says, clause STOP OUTVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU), ASIC (Australia)

Firms licensed by the FCA, CySEC or ASIC, and firms under ESMA rules, must give retail clients negative balance protection, so a client cannot lose more than the money in the account. ITB's contract does the opposite and makes you pay the shortfall at once.

ITB is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 11ITB can cut your leverage with no notice, which raises the margin on positions you already hold, and you carry any deficit that follows.
06

Stop trading for six consecutive months and ITB can charge you $5 a month on every account you hold. If a balance is down to 1 EUR/USD after 90 days of inactivity, ITB can take the rest. Its own words are that it uses the money for charity purposes at its absolute discretion.

Why this matters

A small balance you left behind gets ground down by the monthly fee, then swept once it falls under a single euro. The contract sets no step where ITB has to warn you first.

Exhibit 6CriticalHarder than usual$5

In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to ٦ (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis may charge at its sole discretion the Client an amount of ٥ USD or the equivalent to USD per account, depending on the Client’s Trading Account currency.
Clause COMMISSIONS, CHARGES AND OTHER COSTS in Risk
Downloaded from the broker's site on Open the reference
Our own capture of itbfx.com, taken on Sep 10, 2026Five dollars a month, then what is left goes to charity (clause COMMISSIONS, CHARGES AND OTHER COSTS)Visit this page on the broker's siteDownload the full size image file

What it costsSix months of the $5 fee takes $30 off an untouched account. Once what remains is under 1 EUR/USD, the charity clause can take it.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Day 90A balance of up to 1 EUR/USD on a closed or inactive account can be deducted and used for charity.COMMISSIONS, CHARGES AND OTHER COSTS
Six consecutive monthsITB can charge $5 a month, per account, at its sole discretion.COMMISSIONS, CHARGES AND OTHER COSTS
Six months with a zero balanceNo handling fee applies, and ITB can close the account instead.MISCELLANEOUS
Account archivedYou lose access until ITB restores the account, which it does within three working days of your request.Transfer of Inactive Trading Accounts to the Archive

A $100 bonus sold as loss proof, in a scheme ITB can cancel at any time

ITB's Farsi bonus page says the $100 credit cannot be lost and is withdrawable. The Trading Benefits clauses let ITB alter, suspend, cancel or terminate the scheme at any time and without prior notice, and any suspicion of bonus arbitrage nullifies every transaction and any profit made under it.

Bonus conditions1 clause flagged

ITB's Farsi bonus page tells you the $100 credit cannot be lost and can be withdrawn. The contract lets ITB alter, suspend, cancel or terminate the whole scheme at any time and without notice. Any suspicion of bonus arbitrage nullifies every trade made under it.

Why this matters

You can trade on the credit for weeks, then lose the credit and the profit together, on a suspicion ITB never has to explain. ITB also says it is not liable if the withdrawn bonus triggers a margin call against you.

Exhibit 7CriticalHarder than usual$100

c) The Company reserves the right, as it in its sole discretion deems fit, to alter, amend, suspend, cancel or terminate the Trading Benefit Scheme, or any aspect of it, at any time and without any prior notice.
Clause TRADING BENEFITS in Use of the trading platform and safety
Read from the broker's site on Open the reference
Our own capture of itbfx.com, taken on Sep 10, 2026The claim, on Persian first deposit bonus page, FAQ answerVisit this page on the broker's siteDownload the full size image file
Our own capture of itbfx.com, taken on Sep 10, 2026What the contract says, clause TRADING BENEFITSVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms under FCA, CySEC and ESMA rules may not offer a retail CFD client a trading bonus as an inducement at all. ITB offers one and keeps the right to cancel it at any time.

ITB is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 2Both the bonus clause and the trading clause turn on ITB suspecting arbitrage, a word the documents never define.

The price list lives on the website and can change without notice

ITB puts its commissions, charges and costs on its website rather than in the contract, and says it may vary them without prior written notice to you. Posting the change on the website counts as telling you, and it converts currency at rates it determines in its own discretion.

Cost disclosure1 clause flagged

ITB puts its commissions and charges on its website instead of in the agreement you accept. It can then vary them without telling you first, because posting the change on the website counts as due notice.

Why this matters

What it costs to trade with ITB can rise while you hold a position, and you would find out by checking a web page. Nothing in the contract makes ITB send you the new number.

Exhibit 8WarningHarder than usual

The Company may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due notice.
Clause COMMISSIONS, CHARGES AND OTHER COSTS in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 21 of 48 in the Client Agreement, 44% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose costs and charges to a retail client before that client trades, and tell them when those change. ITB's contract treats a website post as notice given.

ITB is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

The rules for getting your money out are the ones ITB does not publish

Seven of the nine documents ITB's Client Agreement binds you to are absent from its website, and one of them is the Regulations for Non-Trading Operations, which governs every deposit and withdrawal. The same agreement promises you can withdraw your balance on demand, then lets ITB charge a share of the amount if you have not traded since your last deposit.

Exit conditions1 clause flagged

Ask for your money back without trading since your last deposit, and ITB can bill you for the deposit fees it paid or take a share of the whole withdrawal. The same clause fires on any other form of abuse, which it never defines.

Why this matters

Depositing and then changing your mind is enough to trigger a charge on the way out. You cannot price that exit before you ask for the money.

Exhibit 9WarningHarder than usual

In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
Clause COMMISSIONS, CHARGES AND OTHER COSTS in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 25 of 48 in the Client Agreement, 52% of the way through.

ITB can change your leverage, your terms and its country list at will

ITB can change your leverage with immediate effect and no notice, and cuts it to 1:100 before every Friday close. It carries no negative balance protection, so a deficit follows you into your other accounts, and between April and now it also stopped excluding residents of the European Union.

Account control3 clauses flagged

ITB can cut your leverage, the borrowing that multiplies both profit and loss, with immediate effect and no warning. It also cuts it to 1:100 on forex and spot metals in the hour before the Friday close.

Why this matters

Less leverage means more margin needed on positions you already hold. A cut at the end of the week can push an account towards a forced close before the weekend.

Exhibit 11WarningStandard wording

Be informed that the Company may at its sole discretion switch the leverage to a maximum of up to ١:١٠٠ for all forex currency pairs and spot metals within the hour before the trading session ends on every Friday if any positions are opened, closed or modified on a Standard MT account.
Clause Market Pre-Closing Amendments in Business Terms
Read from the broker's site on Archived copyOpen the reference

ITB lists using a VPN, Tor or a proxy, or sharing an IP address with another account, among the things that get a partner thrown out of its introducing broker programme. It can exclude you at its sole discretion and without notice.

Why this matters

Commission you have already earned stops with the exclusion, and archived partner accounts may not be compensated for it. Any claim about that has to be brought within three months of the cause.

Exhibit 15WarningRarely seen

• trading from two or more cabinets with any connection discoveredbetween them (on a basis of the same IP address, devices), usinganonymity tools (such as proxy servers, VPN-networks,decentralized/hybrid networks, Tor, specialized software)
Clause Actions leading to exclusion from the IB related programs in IB terms and conditions revised
Read from the broker's site on Open the reference

Our readingNaming privacy tools as evidence of fraud is unusual. The clause treats the way a connection is made as proof of the offence, rather than anything about the trading itself.

In April ITB's own risk line said it does not serve residents of the European Union. That phrase is gone from the page today, and the rest of the excluded list is unchanged.

Why this matters

ITB now accepts clients from a bloc it used to turn away, and nothing in its documents claims a licence in any EU country. Your contract is still with a Seychelles company under Seychelles law.

Exhibit 16WarningHarder than usualNew

ITB does not provide services to residents of the USA, Japan, Canada, Saint Lucia, Australia, the Democratic Republic of Korea, United Kingdom, and any restricted countries.
Clause Risk disclaimer, page footer in Privacy Policy
Read from the broker's site on Open the reference

Buried at section 55 of 57 in the Privacy Policy, 96% of the way through.

Five working days to complain, and ITB can refuse the complaint anyway

ITB gives you five working days from the day an event happens to lodge a complaint, not from the day you notice it, and then keeps the absolute right to refuse it. Its own server log outranks any evidence you bring, your trading history can be compressed to a single line after a month, and its messages to you can be deleted after three days.

Complaint window1 clause flagged

ITB can archive trading history older than a month into a single summarised line, with no notice to you. It can also delete messages it sent you inside the platform three days after sending them, even if you never received them.

Why this matters

The record you would need to support a complaint can be gone before the complaint window closes. A notice you never saw still counts as served one hour after ITB sent it.

Exhibit 12WarningHarder than usual3 days

may at any time and without prior written consent and/or notice to the Client, further be archived by the Company to a single summarized line in the respective MetaTrader
Clause SERVICES in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 16 of 48 in the Client Agreement, 33% of the way through.

Seychelles courts only, and you agree not to call that inconvenient

ITB's Miscellaneous document gives the courts of Seychelles exclusive jurisdiction, and you waive any argument that Seychelles is an inconvenient forum along with all immunity over your assets. The General Terms document, on the same website, sends disputes to the competent International Courts instead.

Where you sue1 clause flagged

Any claim against ITB goes to the courts of Seychelles, and you agree in advance not to argue that Seychelles is an inconvenient place to bring it. You also waive all immunity over your assets and revenues.

Why this matters

Whatever you deposited, the only forum the contract allows is thousands of miles from most of ITB's clients. Its General Terms document, on the same website, sends disputes to the International Courts instead, so even the forum is inconsistent.

Exhibit 14WarningStandard wording

a) Agrees that the courts of Seychelles shall have exclusive jurisdiction to settle any disputes in connection with the Agreement; and
Clause GOVERNING LAW AND JURISDICTION in Miscellaneous
Read from the broker's site on Open the reference

ITB sets the document deadline and freezes the account if you miss it

ITB can freeze your account if it decides the documents you sent are not adequate and you miss a deadline it set. Nothing in the CFD Terms limits how long that freeze lasts, and it can also freeze accounts for what it calls discretions in trading.

Verification1 clause flagged

If ITB decides the documents you sent are not adequate and you miss a deadline it chose, it can freeze your account. The CFD Terms put no limit on how long that freeze lasts.

Why this matters

Your funds can sit frozen while you argue about a document, with no end date in the contract. ITB can also freeze an account for what it calls discretions in trading.

Exhibit 13WarningStandard wording

The Company may at its discretion proceed to freeze the account of the Client if it considers that documents received are not adequate and the Client fails to provide the documents within the deadlines advised by the Company.
Clause FREEZING OF ACCOUNT in CFDS Terms
Read from the broker's site on Archived copyOpen the reference

ITB is the other side of your trade and sets the price it trades at

ITB deals as principal for its own account, buying from you and selling to you, and says so in the Client Agreement. It also specifies the current market price at its sole discretion, will not disclose its hedging policy or liquidity providers, and bars you from citing any other company's quotes in a dispute.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Liquidity providers are outside banks and brokers.

Counterparty risk1 clause flagged

ITB can sell you an instrument from its own book and buy it back from you, so it gains when you lose. It also specifies the current market price at its sole discretion.

Why this matters

The company quoting your price is the company you are betting against. In a dispute you may not point to any other firm's price, and ITB will not say who its liquidity providers are.

Exhibit 10WarningHarder than usual

a) dealing in the respective Instrument as principal for the Company’s own account by selling to or buying the Instrument from the Client; and/or
Clause CONFLICTS OF INTEREST AND MATERIAL INTERESTS in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 20 of 48 in the Client Agreement, 42% of the way through.

Four company names, three jurisdictions, one broker

ITB LIMITED of Seychelles is the company named in the Client Agreement, and Seychelles law governs it. The partner agreement names ITB LLC of Saint Vincent and the Grenadines and calls its registry the Financial Conduct Authority, while the website footer and privacy policy name International Trading Brachium Ltd of Saint Lucia.

Who you contract with1 clause flagged

The Client Agreement names ITB LIMITED of Seychelles as the company you contract with. The partner agreement names ITB LLC of Saint Vincent and the Grenadines, and calls its registry the Financial Conduct Authority, which is the name of the British regulator. The website footer names International Trading Brachium Ltd of Saint Lucia.

Why this matters

You cannot tell from these documents which company holds your deposit or which one you would sue. The agreement that governs your account is the Seychelles one, and Seychelles is where any claim has to go.

Exhibit 17WarningRarely seen

The Company is ITB LIMITED, whose registered office is located at Seychelles,Olivier Maradan Blvd,Maradan St.,Victoria,Mahe,
Quoted in Client Agreement
Read from the broker's site on Archived copyOpen the reference
Our own capture of itbfx.com, taken on Sep 10, 2026The claim, on Persian licences and honours page, FSA sectionVisit this page on the broker's siteDownload the full size image file
Our own capture of itbfx.com, taken on Sep 10, 2026What the contract says, clause IntroductionVisit this page on the broker's siteDownload the full size image file

Where it sits: section 2 of 48 in the Client Agreement, near the start.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must tell a retail client which legal entity provides the service and how client money is held. ITB's documents give four names and one line about segregated accounts.

ITB is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingOne brand contracting through several entities is common. Four names across three jurisdictions, with no document saying which one a retail client gets, leaves the counterparty unsettled.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

ITB guarantees the security of your capital in Farsi and makes you personally liable for the shortfall in English.

Said in public, in Persian

ما با شفافیت کامل و پایبندی به قوانین بین‌المللی، امنیت سرمایه‌ی شما را تضمین می‌کنیم.

Word for word in English: With full transparency and adherence to international rules, we guarantee the security of your capital.

Persian home page, regulation section

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of itbfx.com

In the contract · clause STOP OUT

If a Stop Out execution has resulted in a negative Balance of the Client's Trading Account, the Client shall be liable for this loss and must make a payment of the full and total amount due immediately.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of itbfx.com

02

The bonus page calls the credit loss proof and withdrawable, and the contract lets ITB cancel the scheme at any time without notice.

Said in public, in Persian

تمامی معامله‌گران با اولین واریز حداقل 100 دلار در حساب خود، معادل 100 دلار اعتبار معاملاتی دریافت می‌کنند. این اعتبار غیرقابل ضرر بوده و قابل برداشت است.

Word for word in English: All traders who make a first deposit of at least 100 dollars into their account receive 100 dollars of trading credit. This credit cannot be lost and is withdrawable.

Persian first deposit bonus page, FAQ answer

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of itbfx.com

In the contract · clause TRADING BENEFITS

c) The Company reserves the right, as it in its sole discretion deems fit, to alter, amend, suspend, cancel or terminate the Trading Benefit Scheme, or any aspect of it, at any time and without any prior notice.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of itbfx.com

03

Withdrawals are advertised as fast and easy in Farsi, and handed in English to a rulebook ITB does not publish.

Said in public, in Persian

واریز و برداشت سریع، آسان و متنوع

Word for word in English: Fast, easy and varied deposit and withdrawal.

Persian about page, list of advantages

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of itbfx.com

In the contract · clause CURRENCY AND PAYMENTS

Funds deposits and withdrawals to/from the Trading Account shall be governed by the Regulations for Non-Trading Operations.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of itbfx.com

04

A regulator guarantees fairness on the Persian page, while the contract keeps the absolute right to refuse a client's complaint.

Said in public, in Persian

کارگزاری ITB در سال 2018 تحت رگوله معتبر MWALI قرار گرفت و در حال حاضر توسط این رگوله معتبر بین المللی، تضمین کیفیت و عدالت می شود.

Word for word in English: ITB brokerage came under the reputable MWALI regulation in 2018, and quality and fairness are currently guaranteed for it by this reputable international regulator.

Persian licences and honours page, MWALI section

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of itbfx.com

In the contract · clause REFUSAL OF COMPLAINT

The Company shall have the absolute right to refuse a complaint lodged by a Client.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of itbfx.com

05

The Persian page sells a Saint Vincent registration as world class oversight, and the contract names a Seychelles company as the one you deal with.

Said in public, in Persian

شرکت FSA یکی از معتبرترین شرکت‌ها در سطح جهانی و عضو سازمان بین المللی World Bank است.

Word for word in English: The FSA company is one of the most reputable companies in the world and a member of the international organisation World Bank.

Persian licences and honours page, FSA section

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of itbfx.com

In the contract · clause Introduction

The Company is ITB LIMITED, whose registered office is located at Seychelles,Olivier Maradan Blvd,Maradan St.,Victoria,Mahe,

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of itbfx.com

06

The Persian promise about protected capital is disclaimed by the clause saying non-English information has no legal effect.

Said in public, in Persian

سرمایه‌ی شما تحت نظارت رگولاتوری‌ها و استانداردهای امنیتی بین‌المللی محافظت می‌شود.

Word for word in English: Your capital is protected under the supervision of regulators and international security standards.

Persian home page, security section

In the contract · clause MISCELLANEOUS

Translation or information provided in languages other than English in the Company’s local websites is for informational purposes only and do not bind the Company or have any legal effect whatsoever

What changed quietly

First reading of ITB by us, so there is no earlier version of this page to compare it against.

  • REWRITTENClause Risk disclaimer, page footer · 2026-04-18 to 2026-09-10

    Residents of the European Union moved from excluded to accepted, and nothing else in the list changed.

    ITB does not provide services to residents of the USA, Japan, Canada, Saint Lucia, Australia, the Democratic Republic of Korea, United Kingdom, and any restricted countries.

The documents this reading is based on

12 files, all published by ITB. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording ITB publishes.

How this reading was done

Every clause above was read out of a document ITB publishes itself

This reading was published on .

Documents
10 of 12downloaded from the broker's site, and 10 read in full
Pages opened
23pages walked to find those documents, footer links included
Older copies
10earlier versions downloaded, 4 identical to the copy we hold by fingerprint
Marketing pages
11public pages set against what the contract says
Languages
EN vs FAthe language it advertises in, against the language it contracts in
Position measured
8clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

ITB LIMITED

Your contract is with ITB LIMITED, a Seychelles company, under Seychelles law and Seychelles courts. Three other names carry the same brand across the same documents: ITB LLC, said to be incorporated in Saint Vincent and the Grenadines, MWALI International Services Authority as a second registry, and International Trading Brachium Ltd of Saint Lucia, the company in the website footer and the privacy policy. No document says which of them holds a retail client's money.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

ITB puts ten legal PDFs on one page, in one place, and every download link works. It names an outside complaints body, The Financial Commission, which most offshore brokers never mention. The Client Agreement states that client funds sit in segregated accounts held separately from ITB's own. The leverage warning in the Risk file is blunt: it tells you a total loss of your margin is possible.

We read ten of the eleven documents ITB publishes today in full. The 70 page Risk file is the exception: we read all but its last few pages, and every quotation credited to it comes from the part we read. We also found a twelfth document, the First Deposit Bonus rulebook of October 2025, linked from the bonus page rather than the terms page. We did not read that one at all, so what we say about bonus conditions rests on ITB's own Farsi bonus page and on the Trading Benefits clauses in the platform document. Four older copies were checked as unchanged by fingerprint rather than read word by word. Several figures are missing from the text of ITB's own PDFs, including the share of a withdrawal it can charge when you have not traded, so we have put no number on that clause. We checked the Farsi pages ourselves and did not check the Arabic or Turkish versions.

How to check any of this yourself

Every quote above links to the ITB file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document ITB publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge ITB on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 10, 2026.

If you represent ITB and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on ITB. Whether its licence is real and current is a separate check on the broker profile.

Back to the ITB profile