InternationalReserve

Investigating InternationalReserve: A Comprehensive Review

InternationalReserve is yet another scam broker enticing clients into their “Journey to Financial Prosperity,” which “Starts Here.” And, of course, on this journey, investors are promised unprecedented trading conditions, complete security, lightning-fast order execution, etc. However, we are confident that all of this is nothing more than bait designed to lure inexperienced users. Falling for it, they are expected to bring money to the company, which they will not be able to recover later on. We will provide more details about this scam project in the review ahead.

How can a trader properly evaluate a broker? Analyze all the available information about the company, starting with materials from the official website. So, we began our acquaintance with InternationalReserve from its pages.

Broker History

Well, we would like to start getting to know the broker with information from its history. Data on the company’s founding time, its achievements and awards, and plans for the future will allow us to assess not only the team’s experience and successes but also the prospects of further cooperation. Moreover, publication of this information positively affects reputation. However, InternationalReserve has chosen not to disclose its history on the website. Instead, even on “About Us” page, you can see boring texts advertising the broker’s advantages. However, we found some data on the main page. Here, for example, it talks about 300,000 happy users on the platform. Also, a list of prestigious awards and prizes is posted, the earliest of which was received in 2018. We will return to the analysis of this data from independent sources a little later.

Internationalreserve.net Website

At first glance, the company’s official website leaves a pleasant impression. The webmasters of InternationalReserve have managed to select color combinations, accompany texts with thematic images, and arrange pages qualitatively. At the same time, they are optimally optimized and load almost without delays. However, all the charm instantly ends as soon as you look at the content of the published materials.

We wonder if content managers really thought that visitors could be attracted by:

• Tedious praises of the firm, not supported by real facts.
• An alphabetical list of available trading assets, albeit with a trading schedule, but without a single word of characteristics (not to mention contract specifications).
• E-books, presented as if they were brilliant educational materials but which are suitable for students at the high school level.

In short, they put worthless content into a beautiful wrapper. However, for indicating the broker’s online presence, such a website will be sufficient. And InternationalReserve will attract customers using other, albeit not always legal, methods. Well, we will return to this later.

Registration Process and Personal Account

Registration for a new client is maximally simplified. A user is required to enter personal data in just a few fields.

One will need to specify:

• First and last name.
• Country of residence.
• Phone number and email address.
• Password for authorization.

Additionally, customers need to:

• Agree to the T&C and Risk Disclosure.
• Confirm that they are not a resident of the USA and do not pay taxes in this country.
• Confirm consent to receive promotional materials from the company.

However, it is not possible to complete the registration process with InternationalReserve independently. After submitting the filled-out form, the broker’s prospective client receives the message: “We have received your request, see you soon!” Meanwhile, the broker does not specify how soon, and we were unable to contact its representatives.

Obviously, we see another trick from the staff of the scam project. A trader interested in trading on this platform and planning to replenish an open account will contact support themselves. They will then receive a valid account. The rest are simply ignored. We were among the latter. Unfortunately, this prevented us from accessing the personal account and assessing its functionality. However, some conclusions can be drawn by examining the trading platform. Its demonstration version, with limited capabilities, can be launched without authorization. Some features of the personal account are displayed on the left sidebar of the terminal:

• Control of current and viewing of closed positions.
• Funds management, including account replenishment.
• Viewing the history of non-trading and trading operations and obtaining a statement.
• Obtaining information about the current state of the referral network and the user’s status in the affiliate program.

However, to see how they are implemented, it’s necessary to log in to InternationalReserve. Due to the lack of a valid account, we were unable to do this.

Trading Platform

We fully took advantage of the opportunity to get acquainted more closely with a trading platform. Let’s say right away, it looks quite attractive. However, a more detailed analysis leaves a sad impression.

The reason is simple — the functionality and quality of the terminal leaves much to be desired:

1. A trader has access to only one window of price charts. As a result, when working with the asset portfolio, users are forced to spend time selecting and opening another chart. This can lead to losses. This drawback is especially critical for strategies that require quick opening/closing of positions, such as scalping.
2. The sorting list in the market overview includes only 2 positions — Daily Change and Name. Moreover, it’s impossible to hide unused tickers. All this also leads to time losses and, possibly, money losses for trading participants.
3. Chart and platform settings are not saved. Each new session requires starting over manually. This also has to be done after a connection loss with the server.

It’s easy to understand that trading in such a terminal is at least inconvenient. However, an even greater problem could be losses for traders due to the inability to enter the market or close a deal in a timely manner. However, we believe that the staff of InternationalReserve are not particularly concerned about this. What matters is that the funds deposited by clients are held in the company’s accounts. Whether a trading participant receives virtual losses or profits will not change anything.

Contacts

The “Contact Us” page also did not go as planned. It was assumed that all contact options with the broker could be found here. It turns out that there are very few of them:

• Email: support@internationalreserve.net, legal@internationalreserve.email.
• Feedback form.

Obviously, the project creators decided that spending money on a postal address and a phone number (even virtual ones, which cost about $100-150 per month) is an unaffordable luxury. Or they simply did not have such funds available.

For the same reasons, InternationalReserve did not create public pages on social networks. In any case, other methods are used to attract clients. Therefore, spending time and resources on maintaining active groups and channels was considered impractical.

Analysis of Services Offered by InternationalReserve

After our initial acquaintance with the broker and its official website, we were left with a rather unpleasant impression. However, it was difficult to expect more from an obvious scam project. Nevertheless, we will continue our review, and further in it — the offers for traders.

Funding and Withdrawal

InternationalReserve mentions payment methods for non-trading operations only in the FAQ section on its official website. The broker’s list includes:

• Bank transfers.
• VISA/MasterCard credit and debit cards.
• Some electronic payment systems.

Naturally, the company modestly remains silent about transaction details such as limits, execution times, and fees. Traders will have to study these themselves when attempting to fund accounts or withdraw funds. Details can probably be found in the personal account. However, since we have not received an active account with InternationalReserve, we cannot say for sure about this.

Nevertheless, we suspect that users will not find detailed information or recipient details even there. For scammers, this is a common practice. They find it disadvantageous to publish payment details publicly and attract the attention of financial and tax authorities. Therefore, we are confident that even the payment recipients will be non-existent individuals (drops).

InternationalReserve Trading Conditions

The trading conditions at InternationalReserve also look very strange. Let’s start with the fact that managers show only the minimum deposit amount, maximum leverage ratio, and spread for some types of accounts. Traders on the platform can use any of the 6 tariff plans:

• Basic, with a minimum deposit of $250.
• Advanced, with a minimum deposit of $10,000, leverage ratio of 1:100, and spreads from 1.6 pips.
• Pro, with a minimum deposit of $20,000, leverage ratio of 1:200, and spreads from 1.5 pips.
• Elite, with a minimum deposit of $50,000, leverage ratio of 1:300, and spreads from 0.5 pips.
• Prime, with a minimum deposit of $100,000, leverage ratio of 1:400, and spreads from 0.0 pips.
• Platinum with trading conditions negotiated with the company.

We are interested in why InternationalReserve does not publish other conditions, such as the minimum trade size, swap rates, Margin Call, and StopOut, etc. Obviously, trading participants will have to figure this out for themselves during transactions, risking losses.

Some offers look more interesting. Most of them are aimed at beginners who do not risk making trading decisions themselves. Regular webinars or personal manager support will be very helpful for them. That is why such offers are given great attention in tariff plans, although it is difficult to classify them as trading conditions.

However, some of InternationalReserve’s offers are puzzling. For example, the first type of accounts lists Decoding Crypto Wallets at the top (as the broker says, all options are available on higher tariffs). It’s scary to even think about what this phrase means. Does it mean it’s time to save your crypto wallets from the company’s clients? To be serious, such expressions characterize the level of the project’s creators well. Apparently, they do not even understand what they are talking about.

Unique Features

Truly unique offers from InternationalReserve include the VIP program. According to published information, it has 3 levels:

• The Exclusive Club, for clients with a deposit of $250,000 and above.
• Living The Wealthy Lifestyle, for account holders with a balance of $500,000 and above.
• The Ultimate VIP Experience, for account holders with a sum of $1,000,000 and above.

Details of the offers for wealthy clients are not publicly disclosed. VIPs can find out more about them from personal managers.

Is InternationalReserve Trustworthy and Reliable?

We have almost no doubt that we are dealing with a fraudulent project. The latest confirmations of this opinion can be found in the legal data.

Assessing Legitimacy

We have already mentioned that InternationalReserve does not publish registration details. The only hint we managed to find on the website is contained in the Terms & Conditions. In “Governing Law” section, it is stated that the broker operates in accordance with the laws of “saint vincent and the grenadines” (we quote the exact wording to make the level of expertise of the platform’s creators even clearer).

Naturally, we checked the SVGFSA registry for information about the organization. Although the local regulator does not regulate Forex and CFD brokers or issue licenses to them, it keeps records of such services registered in the country.

Therefore, the project is purely online, with no legal registration. Naturally, searching for a license for an existing company found only online is also futile.

Established Track Record

It’s time to figure out the date of the project’s creation, the time of its operation online, and other data that we have previously paid attention to. This will be facilitated by the whois service, where it is easy to obtain the registration date of the internationalreserve.net domain.

The information we obtained did not disappoint us. The domain was registered only on January 15, 2024, which means the broker has not even been operating for a month yet. In this light, the statement about 300,000 happy users looks simply ridiculous — the company would have to attract 10,000 clients daily for such a result. For this third-rate project, such a figure is unattainable.

We also looked at the “awards received by the broker.” Unfortunately, in lists such as Deloitte Technology Fast 50 Australia 2019 or Financial Times High-Growth Companies Asia-Pacific 2020, InternationalReserve is not even mentioned. Consequently, this legend also fails verification.

Implications for Traders

We recommend that anyone who seriously considered opening accounts and trading with InternationalReserve forget about this broker forever. It lacks official registration and a license, and the main information on the official website is unreliable. What else could it be if not an outright scam? If you don’t want to lose your money irretrievably, stay away from it.

Strengths and Weaknesses