ISGXchange Review

Is ISGXchange Scam or Legit Broker?

ISGXchange is not a safe broker. According to our research, ISGXchange has been suspected of fraudulent actions. The company does not hold any financial licenses but claims the opposite. Therefore the company seems to be highly suspicious and might operate its services from an absolutely different location than mentioned on its website.

What is ISGXchange?

ISGXchange claims that it has offices in London and Copenhagen. In this case, the firm has to have two licenses from UK's FCA and Danish Financial Supervisory Authority accordingly, but in reality, the company is not regulated by those agencies. We don't recommend dealing with a company that carries no license and is not regulated.

• For obtaining an FCA license, companies pay USD 50,000. Also, they should have USD 100,000 of capital aside from client deposits. On the other hand, the fee for getting a license from the Danish FSA costs around EUR 230,000.

ISGXchange Review Conclusion

We strongly advise all investors and traders to avoid ISGXchange and other brokers that do not hold any licenses. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BDSwiss and BlackBull Markets.

ISGXchange Update

Based on our research ISGXchange Website is inactive. It is unclear whether the broker changes its name and operates another fraud Forex activity or is just gone. As money safety goes first we recommend avoiding any proposals from ISGXchange and staying alert in case of any proposals.