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IGFB

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Operating status: SCAM

Website: https://igfb.one/

Broker violations and abnormal records
  • 2021-07-22 The UK FCA Added IGFB into Its Warnings

    On 23 July 2021, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that IGFB is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/igfb-world

    On 23 July 2021, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that IGFB is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/igfb-world
  • 2022-05-01 The Germany BaFin Added IGFB into Its Warnings

    On 2 May 2022, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that IGFB does not have authorisation under the KWG to conduct banking business or provide financial services. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2022/meldung_220426_igfb_one_en.html;jsessionid=75B1834DFEA6750469BC84EB640278B3.2_cid500

    On 2 May 2022, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that IGFB does not have authorisation under the KWG to conduct banking business or provide financial services. You may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2022/meldung_220426_igfb_one_en.html;jsessionid=75B1834DFEA6750469BC84EB640278B3.2_cid500
  • 2022-08-25 BrokersView has Reviewed that IGFB is an Unregulated Forex Broker

    IGFB claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. 

    IGFB also claims to be located in Dominica. As per information we have , there is no forex regulator in the country. So it is impossible that IGFB is regulated in Dominica.

    Moreover, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that IGFB does not have authorisation under the KWG to conduct banking business or provide financial services in Germany. And the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that IGFB is providing financial services or products in the UK without authorisation.

    The truth is that IGFB is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    IGFB claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. IGFB also claims to be located in Dominica. As per information we have , there is no forex regulator in the country. So it is impossible that IGFB is regulated in Dominica.Moreover, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that IGFB does not have authorisation under the KWG to conduct banking business or provide financial services in Germany. And the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that IGFB is providing financial services or products in the UK without authorisation.The truth is that IGFB is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

Related Complaints

Q&A

What leverage do they offer to retail clients?

mrklir
Malawi
2022-11-18
ANSWER IGFB is not a licensed or regulated broker even though it states offers that look good to be true. IGFB claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. IGFB also claims to be located in Dominica. But as per the information we hold, Dominica currently has no authorities that issue licenses for forex trading or regulate entities engaging in forex.Moreover, both the Germany Federal Financial Supervisory Authority (BaFin) and the United Kingdom Financial Conduct Authority (FCA) issued warnings that IGFB is providing financial services or products without authorization. You can check the full warnings form BaFin and FCA.The truth is, IGFB is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like IGFB and trade with licensed brokers.
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