IVY Markets

Introduction

In the dynamic world of online trading, brokers continuously strive to offer competitive services that cater to both retail and professional traders. Established in 2018, IVY Markets has positioned itself as a multi-asset broker providing a broad range of instruments and attractive trading conditions. By focusing on emerging markets and promising low-cost trading combined with high leverage, it has attracted attention from traders worldwide.

However, despite its appealing features and user-friendly platforms, the broker has faced significant challenges in recent years. Reports of withdrawal delays, account manipulation, and regulatory scrutiny have tarnished its reputation. This comprehensive review examines the various facets of IVY Markets, offering an in-depth analysis of its offerings, regulatory standing, trading conditions, and user feedback to help potential clients make informed decisions.

Background and History

IVY Markets was launched in 2018 as an online multi-asset broker targeting a global audience. While the company’s founders remain undisclosed, the broker operates through a network of introducing brokers (IBs) and marketing agents. Its regulatory filings and operational focus are centered in the Comoros, under the oversight of the MWALI International Services Authority (MISA).

Over the years, IVY Markets expanded its product offerings beyond forex to include commodities, indices, cryptocurrencies, and stocks, boasting a portfolio of over 10,000 tradable assets. The broker positioned itself as a low-cost provider with high leverage options and instant withdrawal capabilities, aiming to attract traders from emerging markets. However, between 2024 and 2025, the company faced significant backlash due to widespread user complaints regarding withdrawal difficulties and alleged account manipulation.

Key Features and Offerings

Trading Platforms
IVY Markets primarily utilizes the MetaTrader 5 (MT5) platform, renowned for its advanced charting tools, technical indicators, and automated trading capabilities. The platform is accessible on multiple devices, including desktop, web browsers, and mobile apps for iOS and Android, enabling traders to manage their positions anytime, anywhere.

Account Types
The broker offers four main account types designed to suit different trading styles and experience levels:

• Standard Account: Requires a minimum deposit of $50, offers leverage up to 1:400, and features spreads starting from 0.0 pips.

• Pro Account: Tailored for experienced traders, this account provides higher leverage and tighter spreads.

• Raw Spread Account: Offers ultra-low spreads starting from 0.1 pips with commissions applied per lot.

• Zero Account: Features zero spreads but higher commissions, catering to traders seeking precise pricing.

Instruments Offered
IVY Markets provides a diverse range of tradable assets, including:

• Over 50 forex currency pairs

• Commodities such as oil, natural gas, gold, and silver

• Major global indices like the S&P 500, NASDAQ, and DAX

• Cryptocurrencies including Bitcoin and Ethereum

• Stocks from major international companies

With more than 10,000 instruments available, traders have access to a broad spectrum of markets under one roof.

Regulatory Compliance and Licensing

Regulation is a critical factor when choosing a broker, as it ensures a degree of safety and transparency. IVY Markets is regulated by the MWALI International Services Authority (MISA) in Comoros, a jurisdiction known for its less stringent regulatory environment. The broker does not publicly disclose its license number and lacks oversight from major financial authorities such as the FCA, ASIC, CySEC, or CFTC.

While IVY Markets claims compliance with PCI DSS standards for payment security, this certification pertains to data protection rather than financial regulation. Potential clients should be aware of the risks associated with brokers regulated in less established jurisdictions.

Trading Conditions and Platform Technology

Trading Conditions
IVY Markets offers competitive trading conditions, which are particularly attractive for traders seeking high leverage and low minimum deposits. The broker provides leverage up to 1:400 across all account types, allowing traders to amplify their market exposure. Spreads vary depending on the account type, with options ranging from zero to raw spreads with commissions.

Platform Technology
IVY Markets leverages the MetaTrader 5 platform, which is widely regarded for its robust features. Traders benefit from advanced charting tools, a wide array of technical indicators, and the ability to deploy automated trading strategies through Expert Advisors (EAs). The platform also supports copy trading and social trading, allowing users to follow and replicate the trades of experienced investors.

Additionally, the broker integrates an economic calendar and real-time market news, providing traders with essential fundamental analysis tools directly within the trading environment.

Fee Structure

Understanding the fee structure is essential for traders to evaluate the true cost of trading. IVY Markets claims to charge no deposit fees, which is a positive aspect for clients funding their accounts. However, withdrawal fees are not clearly disclosed, and multiple users have reported delays, rejections, and unexplained deductions when attempting to withdraw funds.

Commissions vary by account type: Raw Spread and Zero accounts incur per-lot commissions, while Standard and Pro accounts rely solely on spreads. Overnight swap fees apply based on the instrument traded, but the broker has not disclosed any explicit account maintenance or inactivity fees.

User Experience and Market Reputation

IVY Markets presents a mixed picture in terms of user experience. On the positive side, traders appreciate the low minimum deposit, high leverage options, and the wide variety of tradable instruments. The MetaTrader 5 platform is praised for its usability and comprehensive features, making it accessible for both beginners and seasoned traders.

However, the broker has faced significant criticism, particularly concerning its withdrawal processes. Numerous users have reported delayed or rejected withdrawal requests, unexplained deductions, and even account deletions. These issues have led to allegations of fraudulent behavior and embezzlement, severely damaging the broker’s reputation.

Customer support, while available 24/5 via live chat, email, and phone, is often described as unresponsive and ineffective in resolving complaints. This sentiment is reflected on review platforms, where IVY Markets scores a low 2.47/10 on WikiFX and receives predominantly negative feedback on Forex Peace Army and Myfxbook.

• Pros: Low minimum deposit, high leverage, broad instrument range, user-friendly platform.

• Cons: Withdrawal issues, account manipulation allegations, lack of major regulatory oversight, poor customer support.

Recent Developments

Between late 2024 and early 2025, IVY Markets came under increased scrutiny due to a surge in user complaints. Withdrawal issues became widespread, with many traders reporting unexplained delays and rejections. Additionally, allegations of account manipulation, including the deletion of accounts and deduction of profits, have surfaced, raising serious concerns about the broker’s integrity.

These developments have attracted attention from regulatory bodies and trading communities, further impacting the broker’s market reputation. While IVY Markets continues to operate under MISA’s jurisdiction, the lack of oversight from major regulators leaves traders exposed to potential risks.

Conclusion

IVY Markets offers an extensive range of trading instruments, competitive leverage, and a user-friendly MetaTrader 5 platform, making it an apparently attractive option for traders seeking diverse market access with low entry barriers. However, the broker’s regulatory status under a less stringent authority, combined with numerous reports of withdrawal difficulties and account manipulation, raises significant red flags.

Prospective clients should exercise caution and thoroughly assess the risks before engaging with IVY Markets. While the broker’s features may appeal to certain traders, the unresolved issues and negative user experiences underscore the critical importance of prioritizing security and transparency when selecting a forex broker.