FXIG Trades Review
Reason to avoid: No license
Listed Date: May 6, 2019
Top 3 Regulated Forex Brokers
Beware FXIG Trades is a Non-Regulated broker. It is NOT SAFE to trade.
Is FXIG Trades a scam or legit broker?
No, it is not safe to trade with FXIG Trades. FXIG Trades is owned and operated by FXIG Trades Inc. and claims to be located in London, UK.
According to the website, FXIG Trades offers such services as sales and trade, financial planning, business development, marketing analysis, strategic planning, wealth management. Although, the broker doesn’t disclose any information about its regulation and trading conditions (as it provides sales and trade service).
Since the website mention UK location, the broker was supposed to be authorized in the United Kingdom by its local Financial Conduct Authority. However, we didn’t find any records of the FXIG Trades in the regulator’s register, which means the broker is not allowed to provide its financial services in the country.
In addition, the website seems to be off, as the “signup” option doesn’t work as well as the live chat on the website. Also, FXIG Trades claims to have 24 years of experience in financial consulting, however, we couldn’t find any reviews about this company, which means it is new on the market.
We advise all investors and traders to avoid FXIG Trades and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Plus500 and XM.com.