File a Complaint Against
Know Your Options and Recover Your Funds
If you are looking for a reliable and trustworthy online broker, you might have come across IGC Markets. IGC Markets is a forex and CFD broker that claims to offer competitive trading conditions, fast execution, and excellent customer service. But is IGC Markets a scam or a legit broker? In this review, we will examine the features, advantages, and disadvantages of IGC Markets and help you decide if it is worth your time and money.
What is IGC Markets?
IGC Markets is an online broker that was founded in 2016 and is based in St. Vincent and the Grenadines. The broker offers trading in various instruments, such as forex, indices, commodities, stocks, and cryptocurrencies. IGC Markets claims to provide access to over 200 trading assets, low spreads, high leverage, and no commission fees. The broker also boasts of having a user-friendly trading platform, multiple account types, and various payment methods.
How does IGC Markets work?
To start trading with IGC Markets, you need to open an account on their website. The broker offers four account types: Basic, Standard, Gold, and Platinum. Each account type has different minimum deposit requirements, spreads, leverage, and other features. The Basic account requires a minimum deposit of $250, while the Platinum account requires a minimum deposit of $50,000. The spreads vary from 2.8 pips for the Basic account to 0.1 pips for the Platinum account. The leverage ranges from 1:100 for the Basic account to 1:400 for the Platinum account.
To trade with IGC Markets, you can use their web-based platform or download their mobile app. The web-based platform is compatible with any browser and device and does not require any installation. The platform has a simple and intuitive interface that allows you to access various tools and functions, such as charts, indicators, news, orders, history, and more. The mobile app is available for both Android and iOS devices and enables you to trade on the go.
To fund your account or withdraw your profits, you can use various payment methods, such as credit cards, debit cards, wire transfer, Skrill, Neteller, WebMoney, Perfect Money, and Bitcoin. The broker claims to process withdrawals within 24 hours and does not charge any fees for deposits or withdrawals.
Is IGC Markets a scam or a legit broker?
IGC Markets is not a regulated broker. This means that the broker does not have a license from any reputable financial authority and does not follow any rules or standards that protect the interests of traders. This also means that the broker does not have any oversight or supervision from any third party and can operate as they please.
This poses a high risk for traders who deposit their money with IGC Markets. There is no guarantee that the broker will honor their obligations or provide fair and transparent trading conditions. There is also no guarantee that the broker will keep your funds safe and secure or that you will be able to withdraw your money without any problems. If you encounter any issues or disputes with the broker, you will not have any recourse or legal protection.
Moreover, there are many negative reviews and complaints about IGC Markets online. Many traders have reported that the broker is a scam and that they have lost their money with them. Some of the common complaints include:
- The broker does not allow traders to withdraw their money or imposes unreasonable conditions or fees.
- The broker manipulates the prices or executes the trades against the traders’ interests.
- The broker harasses or pressures traders to deposit more money or to accept bonuses that have hidden terms and conditions.
- The broker does not provide adequate customer support or ignores the traders’ requests or queries.
Therefore, based on our research and analysis, we conclude that IGC Markets is a scam broker and we advise you to avoid them at all costs. There are many other reputable and regulated brokers that offer better trading services and conditions than IGC Markets. You should always do your due diligence before choosing an online broker and make sure that they are licensed and regulated by a credible authority.
What to Do If You’ve Lost Money with IGC Markets?
If you have been scammed by IGC Markets or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.