AvaTrade, a regulated online trading platform, has officially denied any partnership with Intelligence Prime Capital. An email from the AvaTrade team dated February 17th stated, "Our company is not a partner of Intelligence Prime Capital. We have no relation to them." This statement directly refutes claims made by some Intelligence Prime Capital investors who suggested a white-label arrangement existed between the two entities.
Intelligence Prime Capital has been using AvaTrade's website design and regulatory licenses without authorization. AvaTrade stressed that even if a partnership were in place, it would not permit Intelligence Prime Capital to appropriate its regulatory credentials. The online trading firm emphasized that Intelligence Prime Capital would still need to secure its own registrations with financial regulators, a step the company has failed to take. Intelligence Prime Capital operates without proper licensing in numerous jurisdictions worldwide.
Recent developments indicate significant financial distress within Intelligence Prime Capital. The company has reportedly begun disabling investor accounts. For those accounts still active, daily returns have been drastically reduced over the past 24 hours. This follows earlier acknowledgments by Intelligence Prime Capital of withdrawal issues, which the company attributed to "MT4 server congestion." Such an explanation is questionable, even when setting aside the possibility of Intelligence Prime Capital being a Ponzi scheme.
Those experiencing account closures or withdrawal problems with Intelligence Prime Capital are encouraged to submit details for further investigation.