IGFB Review: Worst Broker You’ll Ever Encounter

IGFB broker lost its reputation very quickly. As an offshore broker, there was not much expected from them. With non-transparent trading conditions, shady trading platform and no regulation, the only outcome was a fraudulent one.

But to find what made this broker so unpopular and how still to recover funds, read this IGFB review carefully.

IGFB Regulation and Safety of Funds

With headquarters in the Commonwealth of Dominica, it’s no wonder that nobody can find these swindlers. Since its registration, they were operating without a domestic license. But to make the situation even worse, they didn’t have any Tier 1 regulation either. Instead of looking for FCA, BaFin, CONSOB or ASIC licenses, they got warnings.

The regulation is crucial because of funds protection and trading conditions transparency. Otherwise, a broker can do anything they want. Simple because nobody monitors and controls their activities. Instead of getting harassed by these scammers, learn what are key signs of a scam and how to avoid them. But once you find a good licensed broker you won’t have any more troubles.

As for the warnings, there are multiple. But the most important ones are from the FCA, BaFin and CONSOB. Take a look and make your own opinion.

https://www.fca.org.uk/news/warnings/igfb-world

https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2022/meldung_220426_igfb_one_en.html

https://www.consob.it/web/consob-and-its-activities/warnings/documenti/english/entutela/cns/2021/enct20211025.htm

IGFB Trading Platform

Like any other scam broker, IGFB investment scam works on a similar principle. They try to lure you with an impossible success rate and the most advantageous technology. Yet, upon checking those facts you quickly get demoralized. Firstly, they don’t offer any third-party software like cTrader or Meta Trader. That loses credibility at the start. Secondly, even if they do, they are non-licenses so it wouldn’t matter.

However, their software is a proprietary app. On the positive side, it’s available for mobile devices as well. Even though they advertise tempting features like advanced EAs and algorithmic trading, they don’t meet those in reality. In addition to that, traders don’t have a risk-free choice to test the platform. So, demo and micro accounts are not available.

As for the trading instruments, this broker lacks one crucial sector – Cryptocurrencies. With the rise of popularity and high volatility, they are very often the primary choice for traders. But IGFB scam broker doesn’t offer it. Here you could find the following:

•  Forex                        USD/JPY, EUR/NOK
• Commodities             natural gas, crude oil
• Indices                      FTSE 100, Nikkei 225
• Shares                      Amazon, Apple

Instead of trying your luck with any offshore broker, you can find trusted ones. Do your due diligence first and opt for a licensed broker preferably with Meta Trader or any similar software.

Account Available at IGFB

Once you see the account type offer you know if they designed it to scam you or not. IGFB scam broker is obviously working on deposits, not on a commission. Their offer consists of:

• Basic            $250
• Standard       $5.000
• Premium       $25.000
• Pro               $50.000

In general, legitimate brokers will offer you micro accounts starting already at $10. This way you can test the services and trading conditions like spreads and swap fees. But the IGFB broker scam works differently. Their goal is to make you deposit more in exchange for better trading conditions. That is manipulated by the way.

As the cherry on top, they offer a welcoming bonus. This is strictly forbidden by many worldwide regulators. The reason for that is hidden clauses that nobody reads. Until they start the withdrawal process but can’t complete it.

IGFB Deposit and Withdrawal

With IGFB scam broker you can choose between 3 funding options:

• Debit/Credit cards
• Wire transfers
• Piastrix

The broker doesn’t have a transparent withdrawal policy so processing time remains unknown. AS well as the withdrawal fees. But the cheesy tactic that this swindler is using is the bonus policy. Traders can’t make withdrawals unless they made 50 times the trading volume after the added bonus. This makes it practically impossible. Moreover, it gives the company some more time to find another way to scam you.

All this is rarely possible with Tier 1 regulated brokers. Firstly, you can get compensation in the case company goes bankrupt. For instance, with FCA-regulated brokers up to 85.000 GBP. Secondly, if the broker violates any of the rules they will serve a huge fine. Maybe even lose a license. Not to mention withdrawal issues, which are a business killer. Once you file a chargeback, that company is done.

Got Scammed by IGFB? Chargeback Is The Answer

If you have any negative experience with this or any other fraudulent broker, we would be grateful if you could share it with us. The only way to prevent these companies and any other venture to scam people is to quickly act. Once we raise our voices collectively institutions can investigate them and issue a public warning.

Now, if you got scammed by an IGFB broker, there is a solution. Our specialized team can assist you on every step through the fund recovery process. It is very simple if you have used a card. We can apply for a chargeback, but if you did the transaction in the last 540 days.

If you are fine with these scammers getting away with your money, it’s up to you. But if you are not, get back to us now. Book your first free consultation today!

IGFB Summary

• Offshore non-regulated company.
• Multiple warnings from regulators.
• Non-transparent trading conditions.
• Untrusted trading platform.
• The company shut down multiple domains.

FAQs About IGFB Broker: