IGOFX Review
- MetaTrader4 platform is available for effective trading
- An illegal authority regulates the company
- The investments are always at the risk of loss
Overview
Nowadays, the world has become very vast in the field of progress, and many brokers, including some offshore brokers, are introduced to the trading community world. Undoubtfully, many brokers are working legally and are regulated by authorities, while some brokers are said to be offshore and are risky to use. The investments are always at the risk of loss on these platforms.
In this article, we will introduce you to one of these widely used brokers of time. IGOFX is a well-organized and regulated broker that is offshore. This company is functioning under IGO Global limited, registered in Vanuatu.
Roundabout 30 currency pairs, binary options, and precious metals are offered for effective trading. However, powerful instruments like CFD, commodities, stocks, and indices are unavailable within this offshore broker. The platform is regulated by Vanuatu, an offshore authority offering a wide range of benefits from tax. The initial capital required is meager. For example, in Mauritius and Belize, the initial money needed is about $2000 only.
IGOFX platform also allows trading using MetaTrader4 software like many other brokers providing a large variety of facilities and commodities to its customers for effective trading.This review explains it:
IGOFX Scam or Legit? Read before opening your account
Make sure that the website you will use for trading and other online business is either trustable enough to invest your savings to gain profit or not. The Internet is full of scam websites and platforms that use people’s money for their benefit.
We researched IGOFX offshore broker and listed some points you must know before making an account on it. The broker is licensed by a New Zealand company and is regulated by the FCA. But it is not enough for us to blindly trust the website. While a legal authority controls, many brokers still do illegal financial business.
A surprising discovery we found is that the company which regulates IGOFX is itself a scam and does not have a legal basis in the region. Considering these points, we would never recommend you to trade via this platform. But if you want to change despite all these allegations, we highly suggest you investigate via your sources to ensure the broker’s reliability.
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Advantages and disadvantages of IGOFX
- MetaTrader4 platform is available for effective trading
- The company requires a low initial investment
- An illegal authority regulates the company
- The investments are always at the risk of loss
- The company provides a limited number of methods for payment
- Proper security to the clients capital is not provided
- The platform is suitable for professionals only
IGOFX Trading platform
IGOFX is an offshore broker supported by MetaTrader4, which is available in desktop and mobile versions. However, the mobile version shows fewer features than the desktop version. This platform is highly equipped with analytical indicators, a wide variety of expert advisors, advanced features for professionals, and binary options.