Company Summary
General Information & Regulation
IGB Markets is allegedly a forex and CFD broker registered in China that claims to provide its clients with over 380 tradable financial instruments with leverage up to 1:500, floating spreads from 0.8 pips and no commissions on the MT5 for Mac os, iPhone, Android, Windows 10 and Webtrader trading platforms, as well as a choice of three different live account types and 24/5 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that IGB Markets does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.14/10. Please be aware of the risk.
Market Instruments
IGB Markets advertises that it offers access to more than 380 trading instruments, covering forex, indices, cryptocurrencies, shares, commodities and CFDs.
Account Types
IGB Markets claims to offer three types of trading accounts, namely Mini, Premium and VIP. The minimum initial deposit amount is only $10 for the Mini account, while the other two account types have much higher minimum initial capital requirements of $500 and $5,000 respectively.
Leverage
The leverage offered by IGB Markets is as high as 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
IGB Markets claims that the spread for different account types is different. For example, the spread for the Mini account starts from 1.9 pips, while from 1.2 pips and 0.8 pips for the Premium and VIP accounts. There is no commission charged.
Trading Platform Available
As IGB Markets website shows, available trading platforms should be MT5 for Mac os, iPhone, Android, Windows 10 and Webtrader. However, we only find a download link to the MT5 desktop and Android Mobile App. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
The minimum initial deposit requirement at IGB Markets is said to be $100. However, the broker says nothing about the acceptable deposit and withdrawal methods.
Customer Support
IGB Markets‘ customer support can be reached by email: support@igbmarkets.com, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Telegram, Twitter, Facebook, Instagram and YouTube. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
