Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • IG seeks feedback on trading indicators forex news
  • ADVFN ends formal sale process forex news
  • Interactive Brokers makes new products available on IBKR platform forex news
  • StanChart appoints Maria Ramos to its Remuneration Committee forex news
  • What Do you know about TriumphFX Review? forex news
  • Swissquote’s Yuh app launches fractional trading forex news
  • Binance confirms ONE, FLOW, STX network issues forex news
  • Crypto.com signs $30M sponsorship deal with PSG – paid partially in crypto forex news

IGOFX Forex Scam: It’s a Funding Disk

Posted on 2022-02-18 By xiaoya No Comments on IGOFX Forex Scam: It’s a Funding Disk

IGOFX is 100% fraud company.

The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade IGOFX. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.


IGOFX is a broker, offering online trading in Forex and CFDs. The company is owned and operated by IGO Global Limited, registered in Vanuatu by Vanuatu Financial Services Commission (VFSC). Vanuatu is an offshore zone popular among forex brokers because of the variety of tax benefits, although most of the brokers registered there are not actually regulated or licensed by any authority.


The terms and conditions “governing law” part states that IGOFX is overseen by the jurisdiction in England, but the broker is not regulated in the UK. Moreover, the Monetary Authority of Singapore (MAS) has issued a warning alert against IGOFX in March 2017:
“based on information received by MAS, IGO Global Limited; IGOFX may have been wrongly perceived as being licensed or authorized by MAS.”


Also, the Bank Negara Malaysia (BNM – Central Bank of Malaysia) added the broker to its alert list in July 2017:
“IGOFX is neither authorized nor approved under the relevant laws and regulations administered by BNM.”


Conclusion
To sum up, dealing with unregulated offshore companies such as IGOFX is very risky as they don’t guarantee the safety of customers’ funds. We recommend dealing with the entities authorized by the serious and reliable authorities, where regulation is strict.

forex news Tags:Forex Scam, IGOFX Review

Post navigation

Previous Post: Stop Loss Orders in Forex Trading
Next Post: German Court imposes prison sentence in insider trading case

Related Posts

  • Customer income supports Plus500 revenues in Q3 2021 forex news
  • CySEC Blacklists Four More Forex and Investment Websites forex news
  • Robinhood sued for misleading claims in IPO registration statement forex news
  • Exclusive: BDSwiss hires Daniel Takieddine from FXPRIMUS as CEO MENA forex news
  • Samtrade FX Suspends Operations amid Singapore Authorities Probe forex news
  • Flowlinx block liquidity search made available on FlexTRADER EMS forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • SEC pushes for final judgment against AirBit Club promoter forex news
  • SEC aims to transfer $1.4M to Receiver in PlexCorps case forex news
  • Moscow Exchange to expand international shares offering forex news
  • Nordea names Mark Kandborg its new Chief Risk Officer forex news
  • Binance gets another warning – this time in the Netherlands forex news
  • Interactive Brokers registers steep rise in DARTs in Oct 2021 forex news
  • Exclusive: Equiti Capital posts 17% rise in 2020 Revenue to $33.1 million forex news
  • Four-day week triggers surge in job applications at mobile bank Atom forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme