Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighNo trading licence from any authority, a standing regulator warning naming the exact domain, and a documented forged licence in its history. Held below 10 only because the forgery itself is not being repeated today.
Identity & transparency
7/10 · HighThe company is real and verifiable on the registry the broker cites, and the address is consistent, but it once passed off as another licensed firm, publishes no registration number, and its stated home jurisdiction moved from Seychelles to Saint Lucia.
Withdrawals & conduct
7/10 · HighFifteen fund integrity reports across platforms describing one mechanism, withdrawals refused on bonus conditions with bonus and profit removed, meeting all four pattern tests. Credited down from the top band because the broker replies to every complaint and some clients confirm payouts and one refund.
Reputation
8/10 · CriticalTrustpilot 3.1 out of 5 across 34 reviews with 68 percent one star and a hollow middle, corroborating exposures on a third-party broker directory, and a published regulator warning behind it all.
Website claims
9/10 · CriticalCalls the St Vincent authority one of the most reliable regulations in the world and a member of the World Bank, offers no licence number, presents a company incorporation certificate under the heading Regulation and Honors, and previously advertised BVI regulation on a forged licence.
Operational history
2/10 · LowDomain registered 11 June 2018 with continuous ITBFX branding evidenced from April 2019, about eight years, and the advertised 2017 start is broadly consistent. Not scored lower because the company itself could not be dated, so the figure is an upper bound.
Who they are
A quick desk file on the company behind the brand.
- Brand: ITB, trading as ITBFX
- Legal entity: International Trading Brachium Ltd.
- Registered: The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia, as an International Business Company
- Website: itbfx.com, with itbfx.net, crm.itbfx.com, crm.itbfx.net and api.itbfx.in also in use
- Only licence: none. There is no forex or investment licence from any authority. The site names the Financial Services Authority of St Vincent and the Grenadines but publishes no licence number, and that authority does not license forex.
- Offers: forex, gold, oil, indices, crypto and share CFDs on MetaTrader 5, with Nano, Standard, ECN, Gold, Stocks and Crypto accounts and a minimum deposit of about 10 dollars
- Not accepted: residents of the USA, Japan, Canada, Saint Lucia, Australia, North Korea and the United Kingdom
- Age claim: the site says 2017. The main domain was registered on 11 June 2018 and was already running as ITBFX by April 2019, so the age claim is broadly consistent.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
FSA (Financial Services Authority, St Vincent and the Grenadines)
Saint Lucia Registry of International Business Companies
BVI FSC (British Virgin Islands Financial Services Commission)
Why we reached this verdict
How the evidence adds up.
Four findings drive this, and the first one is the reason the rest matter.
- A regulator says this website used a forged licence. The British Virgin Islands Financial Services Commission issued Public Statement 2 of 2020 on 21 February 2020 under section 37A of its Financial Services Commission Act. It names WWW.ITBFX.COM, states the site is circulating a forged investment business licence bearing the name TRADING OPPORTUNITY MANAGEMENT COMPANY LTD and licence number SIBA/L/12/1027, and states the site is not affiliated with that company and has never been licensed in the Territory. Using another company's credentials to take deposits is the scam mechanic itself, not a filing error.
- It is the same operation, and it did make the claim. The domain has run as ITBFX continuously since at least April 2019, and the archived homepage from that month says 'ITBfx is regulated by BVI' and 'ITBfx is registered in Seychelles and has BvI regulation'. There is no rebrand and no change of owner to break the link. The claim was later removed rather than corrected, and the jurisdiction story moved from Seychelles to Saint Lucia.
- The current regulation claim does not survive contact with the register. The site's regulation page names the FSA of St Vincent and the Grenadines, calls it one of the most reliable regulations in the world and a member of the World Bank, and offers a link to check ITB membership. No licence number is given. That authority's own entity register lists business companies, limited liability companies and trusts, with statuses such as Cancelled and Terminated. It is a companies register, and St Vincent and the Grenadines issues no forex trading licence at all. On the same page a Saint Lucia certificate of incorporation is presented under the heading Regulation and Honors. A company registration is not regulation, and the broker's own contracting entity is a Saint Lucia company, not an entity of the authority it names.
- Clients report money not coming back, in one consistent pattern. Trustpilot carries 34 reviews at 3.1 out of 5, with 68 percent at one star and nothing at all at two or three stars. Fifteen accounts describe the same mechanism: a withdrawal is requested, it is refused or frozen on bonus trading conditions, and the bonus and the profit are removed together. They carry checkable detail, including 143 dollars of profit taken, a 60 dollar balance shown as zero, a 250 dollar account blocked and a withdrawal left on Payment Due status. They run from November 2024 to November 2025 and cluster heavily between May and July 2025, and the same pattern appears from different users on a third-party broker directory. That meets all four tests we apply to a complaint set, so we treat it as a real pattern rather than noise.
Two things hold this at likely rather than confirmed. The forged licence conduct is documented at 2019 and 2020 and is not being repeated today, and the operation is otherwise real: the company exists on the registry it points to, the MetaTrader 5 platform works, support answers every negative review, and some clients confirm they were paid, including one refund of 143 dollars after a public complaint. The figure of 72 percent also reflects a floor we apply whenever a register shows an identifier belongs to a different company. Our track record figure of about eight years rests on the domain alone, because the Saint Lucia register publishes company names without incorporation dates, so eight years is an upper bound.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The British Virgin Islands Financial Services Commission, on 21 February 2020, named WWW.ITBFX.COM and stated it is circulating a forged investment business licence bearing the name TRADING OPPORTUNITY MANAGEMENT COMPANY LTD., licence number SIBA/L/12/1027, is not affiliated with that company, and has never been licensed or regulated to carry on investment business in the Territory.
E2The broker's own homepage in April 2019 carried the banner text 'ITBfx is regulated by BVI' and the footer text 'ITBfx is registered in Seychelles and has BvI regulation', confirming the operation made the claim the regulator later called forged, and tying the 2020 statement to this same continuously branded site.
E3The current regulation page names the FSA of St Vincent and the Grenadines, describes it as one of the most reliable regulations in the world and a member of the World Bank, invites clients to inquire about ITB membership, and gives no licence number. The same page presents a Saint Lucia certificate of incorporation under the heading Regulation and Honors.
StrongITB regulation pageE4The St Vincent and the Grenadines Financial Services Authority register, updated weekly, lists entity types such as BC-Business Company, LLC-Limited Liability Company and International Trust with statuses including Cancelled and Terminated. It is a companies register and contains no category of forex trading licence, so the broker's claim describes a registration function rather than any authorisation to run a brokerage.
E5Trustpilot shows 34 reviews averaging 3.1 out of 5, with 68 percent at one star, 23 percent at five and nothing at two or three stars. The dominant one star theme is a withdrawal refused or frozen on bonus trading conditions, with the bonus and the trader's own profit removed together.
E6Individual client reports carrying checkable detail: 143 dollars of profit taken in March 2025 and later refunded, a 60 dollar profit shown as a zero balance in July 2025, a 250 dollar account blocked in June 2025 on an alleged rule breach, a withdrawal left on Payment Due status from November 2025, and repeated no deposit bonus payouts refused between November 2024 and July 2025.
E7A name search on the Saint Lucia Registry of International Business Companies, the register the broker itself links to for verification, returns International Trading Brachium Ltd. (IBC). The company genuinely exists as claimed. This is corporate existence only and is not a financial services licence.
E8Reviewers report fast execution, a stable MetaTrader 5 platform, contest prizes paid and smooth withdrawals, the company has replied to every negative review, one disputed 143 dollar profit was refunded, and a withdrawal delayed from 14 April 2026 was eventually processed. A real trading operation exists and pays at least some clients.
ModerateTrustpilot reviews of itbfx.comE9The main domain itbfx.com was registered on 11 June 2018 through GoDaddy and runs on Cloudflare nameservers, with an expiry of 11 June 2029. This establishes the domain leg of the operating history at about eight years and is broadly consistent with the advertised 2017 start.
E10The second domain itbfx.net was registered on 2 February 2022 through the same registrar and the same Cloudflare nameservers as the main site, confirming it is a sibling domain of the same operation rather than an impersonator.
E11The site is live and onboarding clients, with Sign In and Sign Up funnels to crm.itbfx.com, published account types from a minimum deposit of about 10 dollars, and Arabic, English, Persian and Turkish language versions. It takes deposits for live trading while holding no licence.
ModerateITB website
The other side
The strongest case in this broker’s favour.
The case against ITB is serious, so here is the strongest honest case in its favour.
- The company is real and says who it is. International Trading Brachium Ltd. appears on the Saint Lucia Registry of International Business Companies, on the very search page the broker itself links to. The name, the address and the entity are consistent across the site, the registry and third-party records. Plenty of scams cannot survive that check.
- The trading operation is genuine. There is a working MetaTrader 5 platform with its own server, published account types, spreads and commissions, and a minimum deposit of about 10 dollars. This is not an empty shell with a login box.
- Some clients are paid. Reviewers report fast execution, smooth withdrawals and contest prizes credited without trouble. One complaint about 143 dollars of profit ended with the broker refunding it, and a delayed withdrawal from April 2026 was eventually processed. A broker that pays some people is not the same as one that pays nobody.
- It answers criticism in public. The company has replied to every negative Trustpilot review rather than ignoring them.
- Much of the complaint volume is bonus related. A large share of the disputes concern no deposit bonuses and bonus profit, meaning money the client never funded. Aggressive and trap-like bonus terms are a genuine consumer harm, but they are a weaker allegation than a stolen deposit.
- The worst conduct is dated. The forged licence finding is from 2020 and the BVI claim has been taken down. It is fair to say the company no longer advertises that particular falsehood.
- Offshore is not automatically fraud. Many real brokers operate from weak jurisdictions. That alone would put ITB at elevated risk, not here.
What defeats this case is that the replacement claim is also false. Being unregulated is a risk. Telling clients you are regulated when no such licence exists, after a regulator has already caught you using someone else's, is a pattern rather than an accident.
What would change this
What we would need to see to revise the verdict.
We will revise this if the facts move. Specifically:
- A genuine trading licence, with a number, appearing on the public register of a real financial regulator in the name of International Trading Brachium Ltd. or the entity that actually holds client money.
- The British Virgin Islands Financial Services Commission withdrawing or amending Public Statement 2 of 2020, or publishing a correction about itbfx.com.
- The regulation page dropping the claim to the St Vincent and the Grenadines authority and stating plainly that the company is unregulated and holds only a Saint Lucia company registration. Honest disclosure would cut the website claims score sharply.
- The withdrawal and bonus complaints stopping, with a clean twelve month run and reviewers confirming that profits earned under bonus terms are paid out.
- Independent proof of client money held in segregated accounts at a named bank.
- On the other side, this would get worse fast if another regulator names itbfx.com, if a demand for an upfront fee or tax to release funds is credibly reported, or if the site begins advertising a licence number that belongs to someone else again.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
BVI Financial Services Commission, Public Statement 2 of 2020 on itbfx.com
The regulator's own statement that this website circulated a forged licence belonging to another company.
Saint Lucia Registry of International Business Companies, name search
Search International Trading Brachium to confirm the company exists. A company record is not a trading licence.
St Vincent and the Grenadines FSA, entity name search
The authority ITB names. Its register lists company registrations, not forex broker licences.
ITB regulation page
What the broker itself presents to clients as its regulation.
ITBFX reviews on Trustpilot
Client reports, including the withdrawal and bonus complaints described above.
Frequently asked questions
Quick answers about this broker’s safety.
Is ITB a scam?
We assess ITB as high risk and rate it a likely scam at 72 percent. The decisive fact is that the British Virgin Islands Financial Services Commission published a formal statement on 21 February 2020 naming WWW.ITBFX.COM for circulating a forged investment business licence belonging to another company. The broker holds no trading licence today either, and clients repeatedly report withdrawals refused and bonus profits removed.
Is ITB a fraud?
We do not make that legal finding, and no court has. What we can say is that a national regulator, the BVI Financial Services Commission, stated that this website circulated a forged licence and was passing off as a licensed firm. On that record and the current false regulatory claim, we assess the risk of fraud as high. Judge it on the documents rather than on our label.
Is ITB regulated?
No. ITB holds no forex or investment licence from any authority. Its site names the Financial Services Authority of St Vincent and the Grenadines but gives no licence number, and that authority does not issue forex trading licences. The only thing we could confirm is a Saint Lucia International Business Company registration, which is company paperwork and not financial regulation.
What is the ITB licence number?
There is none. We read the regulation page, the about page, the FAQ and the terms of use, and no licence number is published anywhere on the site. A genuinely licensed broker prints its number and links it to the regulator's register. The only number attached to this brand in any official document is SIBA/L/12/1027, which the BVI regulator says was forged and belongs to TRADING OPPORTUNITY MANAGEMENT COMPANY LTD.
Can I withdraw my money from ITB?
Some clients do get paid, and some do not. Trustpilot runs 68 percent one star across 34 reviews, and the dominant complaint is a withdrawal refused on bonus trading conditions with the bonus and the profit removed together. If you hold a balance, withdraw it now in small amounts rather than waiting.
Is my money safe with ITB?
No. There is no licence, so there is no regulator supervising how client money is held, no compensation scheme and no ombudsman to appeal to. We found no evidence of segregated client accounts at a named bank. If the company refuses to pay, you have no regulatory route to force it.
Who owns ITB and where is it based?
The contracting company is International Trading Brachium Ltd., an International Business Company registered in Saint Lucia at The Sotheby Building, Rodney Bay, Gros-Islet. We confirmed that company exists on the Saint Lucia registry. Individual owners and directors are not published, and an earlier version of the site said the business was registered in Seychelles.
How old is ITB?
The main domain itbfx.com was registered on 11 June 2018 and the site was already running as ITBFX by April 2019, so roughly eight years. The broker advertises 2017, which is broadly consistent. Treat eight years as an upper bound, because the Saint Lucia register publishes company names without incorporation dates, so the company itself could not be dated.
What is the BVI warning about ITB?
On 21 February 2020 the British Virgin Islands Financial Services Commission issued Public Statement 2 of 2020 under section 37A of its Financial Services Commission Act. It states that WWW.ITBFX.COM is circulating a forged investment business licence bearing the name TRADING OPPORTUNITY MANAGEMENT COMPANY LTD and licence number SIBA/L/12/1027, that it is not affiliated with that company, and that it has never been licensed to carry on investment business in the Territory.
Is ITB a clone of another broker?
Not today. It trades under its own brand and its own Saint Lucia company. But the BVI regulator found that in 2019 and 2020 the site was passing off as TRADING OPPORTUNITY MANAGEMENT COMPANY LTD, a genuinely licensed firm, using that firm's licence number. Using another company's credentials is the core scam mechanic, and a rename or a change of story does not clear it.
What is a St Vincent and the Grenadines FSA registration worth?
For forex, nothing. St Vincent and the Grenadines does not issue forex trading licences, and the authority's own register lists business companies, limited liability companies and trusts rather than brokers. A company registered there is registered, not regulated, and it gives clients no protection over their deposits.
Are the ITB bonuses safe to accept?
We would not accept them. Nearly every serious complaint we read starts with a bonus, particularly the no deposit bonus, and ends with a withdrawal refused because trading volume conditions were said not to be met. Several clients describe the bonus and their own profit being removed together, and one describes a 60 dollar balance showing as zero.
What should I do if ITB will not pay me?
Gather your deposit receipts, withdrawal ticket numbers, dates, amounts and chat transcripts. Ask your card issuer or bank about a chargeback or payment recall immediately, because time limits apply. Report it to the financial regulator and the police in your own country. Do not pay any fee, tax or charge demanded to release the funds, and ignore anyone offering to recover your money for an upfront payment.
What should I check before depositing with any broker?
Find the licence number on the broker's own site, then type it into the regulator's public register yourself and confirm the register shows the same company name and the same website. If there is no number, if the register shows a different company, or if the authority named does not actually license forex, stop there. That single check would have flagged ITB.
What we recommend
The practical takeaway from everything above.
Treat ITB as unregulated and act accordingly.
- Do not deposit money you are not prepared to lose entirely. There is no licence, no compensation scheme and no ombudsman behind this account.
- If you hold a balance, withdraw it now in small amounts and keep going until the account is empty. Do not wait for a bigger position to close.
- Refuse bonuses. Nearly every serious complaint here begins with a bonus and the trading volume conditions attached to it, and accepting one can lock both the bonus and your own profit.
- Never pay a fee, tax or charge asked for in order to release a withdrawal. No legitimate broker requires that.
- Keep evidence: deposit receipts, withdrawal ticket numbers, dates, amounts and chat transcripts.
- If you cannot get your money out, raise a chargeback or recall with your card issuer or bank straight away, since time limits apply, and report it to the financial regulator and police in your own country.
- Ignore anyone who contacts you offering to recover your funds for an upfront payment. Victims of broker disputes are routinely targeted a second time.
- If you want this market, choose a broker licensed by an authority such as the FCA, ASIC, CySEC or BaFin, and verify the licence number on that regulator's own register before you fund anything.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed September 10, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.