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/10

IGB Markets

United Arab Emirates|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://igbmarkets.com/

Website

Rating Index

Contact

+971 46652306
support@igbmarkets.com
https://igbmarkets.com/
Dubai Silicon Oasis, Techno Hub 1, 60th Street, Dubai, United Arab Emirates

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+971 46652306

Broker Information

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Company Name

IGB Markets

Company Abbreviation

IGB Markets

Platform registered country and region

United Arab Emirates

Company website
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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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IGB Markets · Company Summary

General Information & Regulation

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:

General Information & Regulation

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.

General Information & Regulation

Market Instruments

IGB Markets advertises that it offers access to more than 380 trading instruments, covering forex, indices, cryptocurrencies, shares, commodities and CFDs.

Market Instruments

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.

Account Types

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.

Trading Platform Available

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.

User Reviews

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FX1128926264
more than one year
My experience with IGB Markets has been great so far. Their online customer service alone deserves the 5 stars but also has very tight spreads and no commissions.
2022-12-08 17:03
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