Thinking of getting into business with  IGC Markets? Here is what you must know about this broker. Carefully read this review to find out if is the trading platform you will want to trade with.

About IGC Markets Broker

IGC Markets is an offshore brokerage company with a lot of promises for traders. The broker is a brand of MaxxMedia LLC with an incorporation in St. Vincent & the Grenadines.

There are different account types IGC Markets offers. See below.

In spite the trading instruments IGC Markets claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head. Here is warning by Austrian Financial Market Authority against this scam broker. See below. Reasons to Avoid This Broker

Firstly, is a platform with no financial authority overseeing its financial services. The regulation claim is not legit because local financial authority, SVGFSA does not monitors or give license to forex brokers.

Secondly, we noticed has no demo account for traders. Since traders can’t test IGC Markets on a free account, we can’t know its viability in the forex market.

More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

These are cons for forex traders to avoid losing money with this scam broker.

Withdrawal and Deposit

Withdrawal process

Under the withdrawal policy, IGC Markets presents minimum withdrawal amount of $100.  It also claims a zero fee and zero commission on any withdrawal.

Further fee, the broker charges forex traders a rollover fee for holding position overnight. 5% for Credit/Debit card withdrawal fee and $10 for Bank Transfer.

As for an inactive account, the broker charges $100 for 3 open positions for 30 days or more.

Minimum Deposit

IGC Markets does not specify its minimum deposit, but the broker says it can be less than $10,000.

As for the payment methods, we can make payment via Credit/ Debit card and Bank Wire Transfer. But, you should not consider making any payment with this broker because it is a risk. So beware!

IGC Markets Platform

IGC Markets offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.

As for the leverage, it can get up to 1:500. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

IGC Markets Licensing and Regulation

It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

Instead, Trade with TOP RATED BROKERS


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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands

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Minimum Trade Deposit $100

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Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)

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Licensed in Australia(ASIC) and Cyprus(Cysec)

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage

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Conclusion: Is a Reliable Broker?

No, does not seem like a reliable broker for traders even though it promises offers that look good to be true.

Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.

Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.

Kindly share your comment about this broker in the comment section.

By Dan

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