Table of Content
Isaacs Partners Review – Sign That This Broker Is A Scam
Table of Content
Isaacs Partners Review, we stumbled upon a shady broker located on the remote Marshall Islands. Thus, we made the trip all the way to Oceania in order to protect you from being defrauded by this financial swindler.
In the Isaacs Partners Review, we plan to prove that this brokerage is nothing but a cyber scam. A good way to do that is by using facts, i. e. analyzing what this fake provider has to offer in terms of trading conditions and platform. But before that, we must discuss the problematic legal status of Isaacs Partners. Let’s waste no more time and get straight into it!
|Regulation||Unregulated Scam Broker|
|Headquarters||Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Island MH96960|
|Broker Type||Forex, Commodities, Indices, Shares, Crypto|
Regulation of Isaacs Partners and Fund Security
Right off the bat, we will tell you that Isaacs Partners Limited is an offshore entity from the Marshall Islands. Hence, we won’t bother checking the database of the local financial market regulator since it’s simply not credible enough. Plus, the rules over there are pretty lax, which is why that place became a scam haven. Isaacs Partners is practically unregulated.
If you want our 2 cents, the broker you trust should boast a license issued by a reputable regulator such as the UK’s FCA, German BaFin or Australian ASIC, for example.
That will guarantee the security of your funds since they should be stored in a segregated account in a top-tier bank. Also, you have negative balance protection and indemnification in case something goes wrong with the provider.
But let’s go back to Isaacs Partners. This shady trickster has been blacklisted by as many as four financial market regulators. Namely, by the Italian CONSOB, Spanish CNMV, Norwegian Finanstilsynet and Belgium FSMA. Take a look:
Trading Platform Overview
According to Isaacs Partners, there are two trading platforms available – WebTrader and Leverate’s Sirix. The former needs little introduction. It’s pretty awful if you ask us because it offers only some basic charts and indicators. You won’t become a true trader on it.
As for the latter, i. e. the Sirix platform produced by Leverate, it’s pretty shady as well. This publisher is known for enabling scammers to implement their schemes by offering them fake regulations and white-label software solutions. Yet, here, it looks like there is no Sirix platform at all, just the WebTrader.
Keep in mind that unregulated scam brokers oftentimes manipulate their web-based platforms. Yes, they create the illusion of trading with fake parameters. All you’re really doing on the platform is making deposits, straight into the pocket of the fraudster.
Available Account Types
When it comes to account types, this broker offers just a live and a demo account. We’re not so sure about the demo one, it could be a hoax but it could also be real. If the latter is the case, then it simply implies that Isaacs Partners has patience and is willing to wait until the unsuspecting victim decides to make a deposit. Once that’s done, the scammer will vanish.
As for the trading conditions, that’s a complete mystery. We were alarmed by the fact that leverage, spreads, commissions, and the minimum deposit were not disclosed. Nevertheless, we never intended to trust such a phony broker with our funds. You shouldn’t too.
Trading Instruments Available
We know which assets Isaacs Partners offers and we will list them for illustration purposes. However, the specific instruments offered are unknown. Another section, another red flag. Regardless, the broker’s illicit status should be enough to deter you from investing.
- Forex currency pairs;
- Crypto assets.
Deposit and Withdrawal Procedures
The legal documentation of Isaacs Partners was pretty vague so we had to dig elsewhere to find which payment methods are acceptable. After some searching, we compiled this list right here:
- Debit/credit card;
- Wire Transfers;
Quite a wide range of methods, we must say. That would be an amazing thing if Isaacs Partners had a credible license. This way, it only opens more possibilities for the foul plot to succeed. The more methods you have at your disposal, the more likely you’ll make a deposit, simple as that.
However, the minimum deposit amount was not disclosed. It seems that Isaacs Partners first establishes contact with unsuspecting victims before telling them how much they need to pay. As you may have guessed, that amount will always be more than it should be. For $10, you can find legitimate brokers that won’t try to play you.
Isaacs Partners Scammed Me, How Do I Get a Refund?
For debit/credit card transactions, you can request a chargeback at the issuing bank within 540 days. However, this will only work if you haven’t provided the scammer with copies of your personal documents such as your ID card or driver’s license.
Wire transfers can be reversed via recall. This also has a condition – it can only work if the transaction is not yet complete. Therefore, rush to the bank immediately.
Payments via e-wallets such as the ones listed above can be reversed by contacting the support department of each wallet’s management company.
There’s no shame in being defrauded. It could’ve happened to anybody. We’re here to help so if you need anything, feel free to ring us up!
Isaacs Partners Summary
- Isaacs Partners is a shady offshore provider that operates from the Marshall Islands;
- The broker has been blacklisted by several European financial market watchdogs;
- The only available trading platform is WebTrader;
- Trading conditions such as leverage, spreads, fees, and minimum deposit were not disclosed.
FAQs About Isaacs Partners Broker
Is Isaacs Partners a Trustworthy Broker?
Not at all. The broker is based offshore and has been blacklisted by multiple authorities.
What Is the Minimum Deposit at Isaacs Partners?
Isaacs Partners did not mention the amount of the required minimum deposit, which is a red flag.
What Funding Methods Does Isaacs Partners Accept?
According to Isaacs Partners, acceptable payments include credit/debit cards, wire transfers, PayPal, BPay, POLi, UnionPay, Skrill and Neteller.