IGM Holdings Review – Fake Registration, Shady Conditions and More
IGM Holdings Review – Fake Registration, Shady Conditions and More

 IGM Holdings scam broker was a long time ago seen as unreliable. Primarily due to extremely shady conditions offered to customers. Lately, there are more and more complaints piling up. All those complaints resulted in numerous warnings and the company’s disappearance.

So now, traders are worried about their funds and how to recover them. Yet, this IGM Holdings Review brings you steps on what to do.

Regulated by: Unregulated Broker
Is This Company Safe? No
Known Websites: www.igmholdings.com (inactive)
Have Warnings from: FCA, FINMA, FSMA, CONSOB, CNMV, DFSA
Registered in: Switzerland
Operating since: 2020
Trading Platforms: MT5
Maximum Leverage: 1:500
Minimum Deposit: 250 EUR
Deposit Bonus: N/A
Trading Assets: FX, stocks, commodities, indices, cryptocurrencies
Free Demo Account: Not available
How to  Withdraw from This Company? Since the company’s disappearance traders were having even more issues withdrawing their funds. For this reason, we suggest you send us a message and get professional refund advice.

IGM Holdings Vanished – The Site is Inactive

Since the company is not active anymore with this trading brand, it’s important to remember all the warning signs. Firstly, the company was operating allegedly from Europe without any European regulations. Secondly, they have been offering leverage of 1:500 while 1:30 is the maximum allowed according to ESMA.

Lastly but most importantly, you have to watch out for payment methods. In case you are sending crypto to an unregulated broker, it’s not surprising if they vanish. Like the IGM Holdings broker did. If you compare their services to any other scam broker claimed by regulators, you won’t see much difference.

IGM Holdings Reviews – Victims’ Testimonials

Whatever platform you look at, you will see that IGM Holdings reviews are not good. Generally, the most popular places for that are Trustpilot and Sitejabber. Only in these two clients can find more than 50 complaints about this firm. Some comments that stand out are:

This broker is a scammer, everything goes beautifully until you want to withdraw your money. Then the stairs begin, they manipulate them perfidiously. They demand payment like a tax, and this is another flap to extort money. I lost a lot of money with this sorter. Do not be tempted by quick profit.

Marzena, Poland – June 28, 2021 – Trustpilot

I have invested €12,000 at IGM Holdings.com. The daily profit was really good and it is too good to be true, I had first withdrawal of $3000 US but when I requested for a big amount which make sense because I’ve finished the silver membership so my money just sitting there then my manager just disconnected from whatsapp. So what I did since he doesn’t want to talk to me anymore I message the *******@igmholdings.com but they keep on saying that they relay the message to my manager, that I will expect a call or he will call me. At the end of the day they don’t bother to call me. So my money is GONE. Don’t delude to this people they are very professional when talking. They are legit scammers!

Ruth B. – May 04, 2021 – Sitejabber

Recently, traders can find more and more details about scams on the Reddit platform as well. Which might be in the end most convenient if enough people are talking about it. All in all, if you are the one also having issues with this brokerage, feel free to contact us for refund advice.

What About IGM Holdings Regulation?

With an address in Switzerland and support numbers from the UK, Austria, and Spain, IGM Holdings seems like a reputable financial institution. Until the moment you realize it doesn’t have FINMA or any other license. Since the official headquarters are in Zurich, it would be logical to hold a Swiss license. Once we’ve discovered that that’s not the case, we turned towards the FCA, CNMV, and more. As you can already guess, we found nothing.

With everything being said, we can confirm that investing any money into IGM Holdings will lead to a trading scam.

In addition to the above, we strongly advise you not to invest in IdealinvestFX, TradingTech and FxGlory fraudulent brokers.

IGM Holdings Warnings From Financial Regulators

Here comes one of the most extended lists of warnings we had a chance to see. The first one who received too many IGM Holdings complaints was the UK FCA.

Right after, Swiss FINMA declared it had nothing to do with IGM Holdings fraud and it’s an unregistered domicile.

Finally, the Spanish regulator CNMV issued a warning against the IGM Holdings scam.

This warning was later republished by the Italian CONSOB, Belgian FSMA, and Danish DFSA.

FCA IGM Holdings warning
FINMA IGM Holdings warning

IGM Holdings Trading Software

In all honesty, there’s one good thing about IGM Holdings, and it’s the trading platform. But even this is just partially good. There’s an MT5 app available for desktops, but not for mobile devices. We’re unsure whether the broker wants you to use desktop and completely disable mobile trading, or if there’s another way to log in to your account from Android and iOS devices. 

The leverage is unregulated and goes up to 1:500, while the spread is not disclosed. All in all, IGM Holdings is simply not worth your money.

Pay Extra Fees Before Withdrawal

Another problem clients face with IGM Holdings is the requirement for extra payments to withdraw their funds. Once you submit a withdrawal request, you’ll be prompted to pay fees and taxes in advance. If you suggest that those be deducted from your profit, you will hear numerous explanations of why it’s not the option. 

Those who have fallen for this unscrupulous scam stated that they have never received a penny back despite paying tons of money.

Fund Withdrawal Issues With IGM Holdings Broker

Once you want to deposit your money, everyone in the company will be welcoming and helpful. Until the moment you want to withdraw it. Then you’ll have to face numerous obstacles, from a frozen or suspended account to the inability to reach anyone at IGM Holdings. Your account manager, who pretended to be your best friend, will give you a silent treatment, and you’ll understand that you have been a victim of a vicious scam.

Areas Of IGM Holdings Trading Scam

Reviews suggest that the broker is mainly present in Canada, Germany, Spain, and Poland. Furthermore, comments come from the UK, Denmark, Belgium, and all around the globe. The only way to protect yourself is not to accept any offers from unregulated firms, as you will have difficulty getting a refund.

Traders About IGM Holdings Scam

The majority of IGM Holdings reviews are negative, discussing withdrawal issues, lousy account managers, and more. Traders who have lost a lot of money understood that the broker is unregulated and seeking help from the authorities is not an option.

If you find yourself defrauded by IGM Holdings, don’t wait; let us know right away.

How Does Online Trading Scam Work?

Have you noticed how some trading companies are telling you that with the investment of 250 EUR, you can make thousands within seven days? Or even worse, by tomorrow morning? All this without any effort from your side, with magical trading software? That right there is an obvious example of a trading scam. Instead of explaining to clients how their profits will be made, fraudulent firms such as IGM Holdings try to sell you a dream of being rich without lifting a finger.

Once you fall for the story and give your money away, you probably won’t hear from them ever again.

Also remember the names of the Axiom Trade, Titan Invest and Profit Trade trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by IGM Holdings? – Tell Us Your Story

Suppose you were scammed by IGM Holdings or a similar bogus broker. It’s time to get help. You should file a dispute and request a chargeback immediately.

But What Is A Chargeback?

That’s a way for your bank to reverse the transaction and get your money back. Contact us via online chat to book a free consultation with our experts, and you will get the best solution for any sort of trading scam.

What Is IGM Holdings?

IGM Holdings is an online Forex and CFD trading provider without regulation.

Is IGM Holdings A Scam Broker?

IGM Holdings has been blacklisted in 6 countries in the EEA zone and marked a scam.

Is IGM Holdings Regulated?

No, IGM Holdings is not regulated and operates illegally.

 
 

 

 

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

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