IGCmarkets is a fairly new offshore CFD broker, that opened in July 2021. If you are having problems with this broker, Go read this article.
Want to know who is the most popular broker? Look here.
IGC Markets Broker Reviews
Our review of this new broker called IGC Markets shows, that they offer Forex and Crypto CFD trading, on a simple web-based trading platform. You will need to register with the broker in order to see their web-based trading platform. The trading platform has Trading View charting on it. Professional traders will not find the usual MT4 or MT5 (Meta Trader) trading software, which they are accustom to using. There is no ability to use an Expert Advisor addon.
You can will find listed for trading over 300 underlying assets in the categories of; Forex Pairs, Exotic Currencies, Crypto, Stocks, and Market Indexes. When trading contracts for difference, you are investing with leverage as high as 400:1 depending on the asset. The appeal of using margin is, that you can make large profits quickly, but at the same time the risk is much greater.
All brokers offer you a choice of account types, and at IGCmarkets it seems all accounts are the same. The minimum deposit requirement for a new account is $250.
Is IGCmarkets a Legit Broker?
No, IGCmarkets is not a licensed or regulated broker. The FCA warned investors in December 2021 not to invest with this company.
This broker is officially owned and operated by MaxxMedia LLC. They are located at: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines. Contact phone number is in Bulgaria: +35924901179, or United Kingdom: +442037697821. The brokers email address is: [email protected].
Official Website was at: https://www.IGCmarkets.com/ and can now be found at https://www.igcmarkets.net/.
Day traders should only invest with a local broker, that is regulated by their country’s regulatory agency.
How do you verify that your broker is legitimate, and not another just another investing scam? You must check with your country’s financial regulatory agency, that the broker has a license.
All online brokers, whether they are offering Crypto or Forex CFD’s, are required by law to have a license. If your broker is not licensed, then they are an illegal scam. Always confirm that your broker is 100% authorized by the financial regulator.
Algorithm Crypto Trading Apps
Many new investors get suckered into investing, because they read a fake news article about some algorithm trading app. Don’t be another loser, and read some reviews of these trading apps. IGCmarkets does not offer their clients copy trading or automated trading.
We were directed to this broker after following a Google ad for a trading software called Bitcoin Trader. Naturally, the trading software does not exist, and it was just a trick to get us to invest here.