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IGC Markets

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Operating status: SCAM

Website: https://igcmarkets.com/

Broker violations and abnormal records
  • 2021-10-06 Austria FMA Added IGC Markets into its Investor Warning

    Austria FMA warns against IGC Markets/ MaxxMedia LLC. This firm is not authorised to carry out banking transactions in Austria that require a license. The FMA warns investors against concluding transactions with this provider. You may visit: https://www.fma.gv.at/en/igc-markets-maxxmedia-llc/

    Austria FMA warns against IGC Markets/ MaxxMedia LLC. This firm is not authorised to carry out banking transactions in Austria that require a license. The FMA warns investors against concluding transactions with this provider. You may visit: https://www.fma.gv.at/en/igc-markets-maxxmedia-llc/
  • 2021-12-15 UK FCA Added IGC Markets into the Unregistered Firm Alert

    The UK watchdog FCA has issued a public warning against IGC Markets,

    1) The FCA does not regulate this firm.

    2) The Financial Ombudsman Service will not be able to settle a dispute with this firm.

    3) The Financial Services Compensation Scheme will not be able to settle a claim against this firm.

    According to the warning, the firm is not authorised to provide the investment services in the country. You may visit: https://www.fca.org.uk/news/warnings/igc-markets


    The UK watchdog FCA has issued a public warning against IGC Markets,1) The FCA does not regulate this firm.2) The Financial Ombudsman Service will not be able to settle a dispute with this firm.3) The Financial Services Compensation Scheme will not be able to settle a claim against this firm.According to the warning, the firm is not authorised to provide the investment services in the country. You may visit: https://www.fca.org.uk/news/warnings/igc-markets
  • 2021-12-19 BrokersView has reviewed that IGC Markets is an Unregulated Forex Broker

    IGC Markets states on its homepage that it isn’t regulated, but carries out all the necessary regulatory obligations just like regulated brokers. Besides, it claims it is operated by MaxxMedia LLC, a company registered in Saint Vincent and the Grenadines (SVG) Financial Services Authority (FSA). We checked with MaxxMedia on SVG FSA website, and there is a result. However, as a forex trader, you have to know that the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate or supervise international companies engaging in such activities. Therefore, IGC Markets is an offshore and unregulated entity.

    What's more, based on the information we hold, the firm was warned by two global regulators, giving the reason that IGC Markets is an unregulated broker, and operates and attracts clients without any legal licenses before.

    The first warning was from UK FCA. The watchdog punlishes IGC Markets is not authorised to provide the investment services in the country.

    The second warning came with Austria FMA. The regulator warns against IGC Markets/ MaxxMedia LLC. This firm is not authorised to carry out banking transactions in Austria that require a license. The FMA warns investors against concluding transactions with this provider.

    If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that it is unregulated and should be avoided. So IGC Markets is just an unregulated forex broker, which means your money are not protected, and there is highly likely it will get away with your hard earned money and there will be no regulating agency to hold it responsible. Therefore, IGC Markets is a scam broker.

    IGC Markets states on its homepage that it isn’t regulated, but carries out all the necessary regulatory obligations just like regulated brokers. Besides, it claims it is operated by MaxxMedia LLC, a company registered in Saint Vincent and the Grenadines (SVG) Financial Services Authority (FSA). We checked with MaxxMedia on SVG FSA website, and there is a result. However, as a forex trader, you have to know that the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate or supervise international companies engaging in such activities. Therefore, IGC Markets is an offshore and unregulated entity.What's more, based on the information we hold, the firm was warned by two global regulators, giving the reason that IGC Markets is an unregulated broker, and operates and attracts clients without any legal licenses before.The first warning was from UK FCA. The watchdog punlishes IGC Markets is not authorised to provide the investment services in the country.The second warning came with Austria FMA. The regulator warns against IGC Markets/ MaxxMedia LLC. This firm is not authorised to carry out banking transactions in Austria that require a license. The FMA warns investors against concluding transactions with this provider.If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that it is unregulated and should be avoided. So IGC Markets is just an unregulated forex broker, which means your money are not protected, and there is highly likely it will get away with your hard earned money and there will be no regulating agency to hold it responsible. Therefore, IGC Markets is a scam broker.
  • 2022-07-05 BrokersView has found that IGC Markets is not working

    On 6 Jul 2022, BrokersView found the domain https://igcmarkets.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    On 6 Jul 2022, BrokersView found the domain https://igcmarkets.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

15 comments

Tareq Okafor
Hello good day to everyone for your good neccessaryidiology you thought us about how this broker is unableto connect according to what all customers aresaying for this The broker Trader - Forex..., about this brokerperformances whenever the community member loginthis broker that bring inconvinences to login, andthey also mentioned they like to open on the otherway of method to login. pls stay away.
2023-09-15
Reply
Sophia William
The trade always go against you with IGC Markets and their overnight charges are hefty and there is no clarity.Support is horrible and they keep saying they are regulated and add as many hurdles as possible on withdrawals.there was one instance when a trade was opened without I knowing but the support put the blame on me and used as many clauses they have.
2023-09-15
Reply
Ella Amar
This broker has come a long way from "nice" to "awesomeallover". Tremendous enhancements and updates andimprovements overall.
2023-09-13
Reply
Ronan Skiba
After advising me to make a huge deposit, now no answer to my calls or emails anymore, 8200$ gone..
2023-09-11
Reply
Hrachya Levine
I wished to close my account just 7 days after I registered and did not trade with them, but I got both phone calls and mails from different trading companies several times every day, which means they “sold” my data. I wrote about it to their service-dept. and asked to stop it, and they promised me to do it, however I still get both mails and calls - SCAM. Do not join them if you wish good for yourself.
2023-09-08
Reply
Naomi Marinova
You won't make any profit with IGC Markets. I realized this, when it was already too late. All their assurances of how great it is to earn there are nonsense. The platform doesn’t work at all, and there is also broker manipulation. Quotes in IGC Markets do not match market ones, and over 60% of trades are intentionally closed at a loss by this broker.
2023-09-06
Reply
Selda Yankov
NEVER USE THE platform YOU WILL LOST YOUR MONEY Im suggesting to everyone please never use this platformbecause this an froud platform I deposited my 9.66 us dollarbut there are are only is 7 Orr 8 pairs are showingin this platform same in all market ther is 5orr 8 options ofpairs and same in commodity and the platform is not haveoption to withdrawal of your money
2023-09-01
Reply
George Michael
IGC Markets is stealing money from their clients. They promise you profits and never deliver, Once you fund your account your money never appears in your trading account if it does then its demo fund appearing. WATCH OUT FOR IGC Markets THEY ARE OPPERATING UNLICENSED AND NOT REGULATED AT ALL
2023-08-29
Reply
Janos Elbagouri
I deposited $200 to try the broker, did some trading and requested a withdrawal. They don't pay. They don't even pay $200. NEVER TRUST THIS BROKER. THESE ARE SCAMMERS.
2023-08-29
Reply
Leyao Moosavi
I tried to withdraw my deposit from this SCAM broker. I have been waiting for more than 1 month. I cannot get any response from their support team as well. But my withdrawal is seen as processing. I cannot get any valid answer from them.
2023-08-23
Reply

1-10 of 15 comments

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