Is ISGXchange a scam or a legit broker?
ISGXchange is not a safe broker. According to our research, ISGXchange has been suspected in fraudulent actions. The company does not hold any financial licenses, but claims the opposite. Therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.
|🗺️ Registered in||No Registration|
|🗺️ Type of License||No License|
|🛡️ Is ISGXchange safe to trade||No|
|🗺️ Recommended Licenses||FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺|
|🖥 Alternative Broker||IC Markets - licensed by ASIC in Australia|
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 company is not regulated by those agencies. We don’t recommend to deal with a company that carries no license and not regulated. For obtaining an FCA license, the companies pay USD 50,000 and also they should have USD 100,000 of capital aside from client deposits. While the fee for getting a license from the Danish FSA costs around EUR 230,000.
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