Ibanly Reviews 9

We opened an account, but when we tried to use it, it was impossible to get hold of anyone to get the login details. Looking at these reviews, we had a lucky escape!

I left one star just to write the review. These people are crooks. The owner is hiding in Estonia and once they receive your funds they disappear. Their office in Cyprus (like most things in Cyprus) is a scam - doesn't really operate.
Don't give them one cent or you will regret it. We have filed complaints with FINTRAC in Canada and have the police after them.

Save yourselves and dont engage. They scam with monthly fee and the MO is to collect 50k-100k to secure a dedicated account but they have no support, they keep on changing their contacts and bank details.

Complete scam! They say they are partnered up with Clearbank but like the other reviews - this company will take the onboarding fee and vanish! Complete scam - run if you can.

My company, STTART (Brazil), transferred funds in USDT to crypto wallet addresses controlled by IBANLY between November 14–17, 2025. IBANLY confirmed receipt of all transfers and stated that the funds would be used for the contracted currency conversion and subsequent wire payments.
However, on November 18, IBANLY ceased all communication without any explanation. Since then, they have failed to return the transferred funds, execute the contracted services, or provide any status update. All attempts to contact their team through email, phone, and platform channels have been ignored.
This situation has caused significant operational and financial impact. We request the immediate return of our funds or the completion of the agreed services. Their lack of transparency and failure to act raise serious concerns about the legitimacy and reliability of their operations.
We urge IBANLY to resolve this matter promptly.

We are writing on behalf of Marineworks Trading FZCO (UAE) to warn other businesses. In recent weeks we transferred funds to an account associated with IBAN Transfer Limited / IBANLY and subsequently discovered that the recipient is operating a coordinated fraud scheme.

Timeline & facts (all verifiable):

Wire transfers: USD 10,000 and USD 36,000

Crypto transfers: USDT 18,546 and BTC 897.49

After transfers were completed, the recipient imposed repeated and open-ended “compliance” requests, withheld access to funds, then demanded cryptocurrency payments and stopped all communication.

We reported the matter to our bank, filed complaints with local authorities in the UAE, and retained Canadian legal counsel to pursue recovery and a criminal investigation.

We strongly recommend anyone contacted by this entity to stop any outgoing payments immediately, gather and preserve all evidence (bank statements, email/Telegram/WhatsApp logs, transaction hashes), and contact local law enforcement and a lawyer. We have provided the above evidence to our lawyers and to relevant authorities.

We are publishing this as a factual warning to protect other businesses — we are not publishing speculation and will update if/when authorities provide results of their investigations.

Scam company No possible to withdraw.
We deposit around 400k and is from December 2024 that is impossible to withdraw anything
Cyprus office is fake and empty
No answer to any phone number or mail

This company is a complete scam. Do not send money to them - the platform will not process your payment requests, they will not respond to queries and you will lose your mind ...or worse, your money.

I had an account with them holding around $70,000, and the experience has been extremely frustrating. They kept asking for one explanation after another regarding the source of funds, and eventually demanded an audit report from a law firm chosen by them. Despite providing information, they have neither credited the funds to my account nor returned them. It’s already been over 4 months, and the funds are still being held without any valid reason. Very disappointing and hard to deal with. DO NOT TRY IBANLY AT ALL.