Reported as a scam / unregulated
Why ITCS is on the register
ITCS claims its trading services, signal provision and the execution of any other instruments are provided and carried out through FXE Prime Ltd, a company registered in St. Vincent and The Grenadines with registration number: 27234/2017 IBC. We do find a match result to FXE Prime Ltd in the St. Vincent and The Grenadines Financial Services Authority (SVG FSA), but SVG FSA does not regulate any forex services. More importantly, the registration number of FXE Prime Ltd in SVG FSA is 23195, which is not the one ITCS claims on the website. Since SVG FSA not offering any details of firms for traders to verify, it is highly possible that ITCS is falsely using the registration info of FXE Prime Ltd. This broker also claims it is incorporated in the Republic of Kazakhstan with Business Identification Number: 210240004131 and has been registered as Financial Services Provider on the 2 Feb 2021 with the Ministry of Economy. But please be informed, Kazakhstan does not have any authorities that issue license for forex trading or regulate forex activeties. That means ITCS is not regulated by any regulators. Investors’ money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you to the right next step. A free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.