IGFB Review – 5 Things To Be Careful About In This Immoral Trading Scam
This is an offshore company, based in Dominica under the name Seabreeze Partners LTD. There are multiple trading companies under this name. Of course, same kind. Apparently, they are offering trading services to people from Germany, Poland, Italy, Switzerland and the United Kingdom.
They are targeting rich countries. We will present you in this IGFB review why not trade with IGFB Broker.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||FCA, CONSOB|
|Owned by:||Seabreeze Partners LTD|
|Headquarters Country:||Commonwealth of Dominica|
|Supported Platforms:||Web-based trading platform|
|Minimum Deposit:||250 USD|
|Types of Assets:||Forex, Indices, Stocks, Commodities|
|Free Demo Account:||No|
|Accepts US clients:||No|
Does IGFB Broker Engage In Fraud?
A company that doesn’t have any regulations is always suspicious. Through our IGFB trading review, we found that they are doing a very good job of hiding their downsides.
The company doesn’t present leverage given for any asset on its platform. Since companies that are regulated need to have very low leverage, that’s where the trick is. Hide it until they register.
IGFB doesn’t have any regulations or any credibility. They’re based in Dominica, which is not a very shiny country for trading.
Arguments For Trading With a Licensed Broker
Licensed brokers will give you straightforward terms and conditions. Some are even giving options for micro accounts, where you can test everything out.
Another huge benefit is security. Licensed brokers are segregating clients’ funds from company funds. They give you negative balance protection and many more.
When it comes to licensing, we always suggest you look for Tier 1 regulations, such as BaFin, ASIC or FCA. Unfortunately, we couldn’t find any records of the IGFB broker in their register. Only warnings!
Financial Regulators’ Warnings as a Red Flag of a Scam
FCA, one of the most trusted regulators in the trading industry has issued a warning against IGFB trading. If you were even thinking to deposit here after this you will change your mind.
Trader’s Reviews of IGFB
We wanted as well to see other traders’ opinions. Analyzing IGFB reviews, we found that more than 90% of people were complaining about this company.
Around 15 comments were in English that were all rated 1-star. Every single person went through a rip-off. Not to mention another 40 comments that were in German.
IGFB Provides Which Platforms? – Trading Software
There are so many companies that are offering AI technology doing trading for them. Ask yourself, why do they need your money to do that? They don’t. So the logic is to lure you into putting as much as possible in these systems that are making money for you.
It would be great if such things are working. However, IGFB web trader is offering only limited TA tools and nothing specific that would intrigue you to start trading with them.
Mobile App For IOS and Android Devices
Besides web-trader, a mobile version is available as well. It can be used on iOS and Android devices.
However, the legitimacy of these programs is questionable. Many programs like this, that we have seen before, were manipulated. The goal is to make you believe that you are making money when you are not.
IGFB Trading Instruments
IGFB offers its clients 4 different trading classes:
- Forex – USD/JPY, USD/GBP, AUD/CAD
- Commodities – Crude Oil, Gold, Silver
- Indices – DAX30, S&P 500, FTSE 100
- Stocks – BMW, Tesla, Pfizer
Even though assets are competitive, their conditions are speculative.
IGFB Fraud Risk Zones – Service Countries
Through IGFB reviews we found that they are scamming traders from:
- United Kingdom
Companies are often trying to reach out to rich countries. It is not excluded that they are offering services as well to countries like Australia or Canada. Wherever you are, this company is not regulated. Therefore we would never suggest you trade with them.
Different Types of IGFB Brokerage Accounts
There are 4 different account types available:
- Basic – 250$
- Standard – 5000$
- Premium – 25000$
- Pro – 50000$
With a basic account, you don’t get any assistance practically. What you get are additional bonuses. Those are not allowed according to Tier 1 Regulations. That’s why we trust only FCA, BaFin or ASIC.
Access to a Free Demo Account
Demo accounts are unfortunately not available. Any company that is doing its business legitimately often offers the option to try its services.
Whether it’s a micro account with 10$ investment, that can’t hurt you. Or a Demo account with virtual funds. Anyway, this IGFB review tells you they are hiding something.
IGFB Terms and Conditions
There are no specified T&C. When it comes to additional fees and charges, we couldn’t find anything. Since the IGFB is not a regulated company, you can expect some T&C to be made up along the way.
Leverages are not disclosed. They are dangerous anyway, but if the company offers you anything above 1:50 you should reconsider investing with them. Spreads are not disclosed as well.
So, your only solution is to register and try your luck with them. Honestly, we would never gamble with a company like this.
IGFB Broker Scammed You? – Please Tell Us Your Story
If you want to keep other people away from these bogus scammers, share your story.
That is the only way how we can know if someone is legit or not. Comments could be bought as well. Therefore if you were scammed let us know what happened.
Our experts could help you with your first move to get funds back.
What Is the Chargeback Procedure?
It is a reversed transaction when you are using a Credit/Debit card. The most trusted providers are Visa and Master card. They are experts in that field so they know how to reverse any transaction in case of a scam.
Unluckily we need to provide them with some information to make that happen.
To get assistance and help with the first step, reach our expert team today!
What Is IGFB?
It is a non-licensed offshore broker based in the Commonwealth of Dominica.
Is IGFB a Scam Broker?
Definitely. They don’t provide its clients with any security in terms of licensing or regulations.
Is IGFB Available in the United States or the UK?
IGFB only offers its services to UK clients. US clients are not accepted. Most probably due to security reasons.
Does IGFB Offer a Demo Account?
Unfortunately, no. They only provide you with real trading accounts, where you need to put money straight away.