International Reserve Review : A Cut-Throat Scammer?

Here is a fresh and new International Reserve review. The International Reserve broker operates internationalreserve.net, claiming to be a legitimate trading platform. 

The broker boasts about providing a straightforward and user-friendly trading experience for traders of all levels, from beginners to experts.

Additionally, they assert to offer essential tools to ensure that users understand the markets and build confidence in their trades.

They also promise unbeatable perks like high leverage ratios that surpass 1:400. Furthermore, they brag about providing content with in-depth investment insights, expert tips, and market trends.

The big question is: Is International Reserve legitimate or just another scam? To be frank, this broker is fake and fraudulent. They are notorious for targeting investors willing to invest between $250 and $1,000,000 and above.

Red Flags

As expected, International Reserve exhibits the usual red flags displayed by other scam brokers. For example, besides being unlicensed and unregulated, this fraudster doesn’t offer demo trading accounts because they are afraid of exposing their deceits.

Moreover, they’ve paid unscrupulous authors to leave fake positive reviews on individual blogs, Trustpilot, and Scamadviser. However, Scamadviser warns people to proceed with caution when it comes to International Reserve, giving the broker a low trust score of 8/100.

Besides these typical red flags indicating a scam, International Reserve also displays other unique signs that suggest it may not be legitimate. To discover more about them, continue reading my honest International Reserve review.

Before delving into those details, here’s a summary of the company according to internationalreserve.net and some credible third-party sources:

Summary Table

Without further ado, here are three extraordinary red flags supporting the fact that International Reserve is not a legitimate and trustworthy trading broker:

1. International Reserve’s Avoidance of Countries with Strong Regulatory Frameworks Against Scam Brokers

One of the unique red flags that caught my eye during the investigation before putting together this unbiased International Reserve review was some information on the broker’s website. It states that the broker doesn’t accept traders from certain countries.

To be precise, the broker has stated in the disclaimer section that they are not accepting clients from the USA, Germany, France, Belgium, North Korea, Cuba, Syria, and Iran.

The funny thing is that most of these countries have a well-defined regulatory framework against scam FX brokers. 

The United States, for example, relies on the National Futures Association(NFA) to keep these fraudsters at bay. 

Similarly, Germany has the Bundesanstalt für Finanzdienstleistungsaufsicht(BaFin) for the same purpose. Oh and as a by the way, the Bundesanstalt für Finanzdienstleistungsaufsicht translates to “the Federal Financial Supervisory Authority.” 

Likewise, France works with the Autorité des marchés financiers (AMF) to combat the said criminals. Again, the Autorité des marchés financiers translates to “the Financial Markets Authority.”

Similarly, Belgium has the Financial Services and Markets Authority (FSMA) for the same purpose.

As for countries that do not have a well-defined regulatory framework against scam FX brokers e.g. Cuba, North Korea, Syria, and Iraq, you find that these countries operate under a socialist system or, at least, something similar.

Consequently, their financial markets are directly regulated by their governments. As such, scam brokers like International Reserve(internationalreserve.net) find it challenging to thrive in such environments, equally avoiding them. 

2. The Absence of Transparency  

Transparency is a key standard when it comes to legitimate FOREX brokers. After all, it ensures that brokers openly disclose relevant information, providing clients with a clear understanding of various aspects of their system. These aspects include the trading platform that they offer whether that be WebTrader or a proprietary platform. 

For fake brokers such as International Reserve, Vintanse Group, and Bitogrand, however, transparency is not as important. International Reserve has failed to disclose essential details such as their physical address, telephone number, and leverage ratios for some accounts. This leaves potential clients unable to determine the authenticity of the company, its level of customer support, as well as trading terms and conditions. 

Do you know why the likes of International Reserve often avoid transparency? It’s because it would reveal their deceptive ways, unnecessarily bringing them under scrutiny. 

3. International Reserve Falsely Associates Itself with Legitimate Companies

International Reserve claims on its website to have partnered with three entities: Trezor, Exodus, and Ledger. For starters, these three companies arguably lead in the realm of cryptocurrency management and security. Specializing in hardware wallets, they prioritize user security with robust encryption and non-custodial solutions. Their approach gives users control over their private keys.

Not relying solely on International Reserve’s claim, I scrutinized each company regarding their supposed partnership. Upon doing so, I found no direct evidence of collaboration in each case.

However, these three companies seem to collaborate with various third-party wallets and services, some of which are supported by International Reserve. This is the basis of International Reserve’s claim of collaboration with Trezor, Ledger, and Exodus. 

If you’ve been reading my posts about scam brokers, by now you probably know that these fraudsters, with Trader Republic being one of them, normally employ endless tactics of deception. One of their common deceptive tactics is falsely claiming associations with reputable companies. They usually employ this one to mislead clients and get gullible ones to deposit money onto their fraudulent platforms. 

My Final Verdict On International Reserve

To sum up this honest International Reserve review, International Reserve is a false trading broker.

They are unlicensed and unregulated, employing deceptive tactics to the detriment of unsuspecting traders. This includes, falsely associating with well-respected companies, and claiming to partner with them.

What’s more, they conceal crucial information, including their physical address and telephone numbers, depriving potential clients of insights into their office locations or means to contact them more conveniently via telephone.

Last but not least, they’ve demonstrated an avoidance of countries with strong regulatory frameworks against fraudsters posing as brokers. They are apprehensive of operating in countries such as the USA, Germany, France, Belgium, North Korea, Cuba, Syria, and Iran.

These countries have well-defined state agencies or directly involved governments capable of nabbing them before they establish their operations, potentially scamming the citizens. 

I hope this comprehensive review of International Reserve helped someone out there avoid investing your money in the fraudulent internationalreserve.net platform.  

Pursue Your Funds!

Have you fallen victim to International Reserve? Has the broker fraudulently refused to process your withdrawal request?

If yes and you have evidence, reporting the scammer to the relevant authorities is the best course of action to pursue your funds. To do so, start, go to this page, or email us at scamread@scamreader.info.