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Review of the fake broker IG Markets - reviews of a black player in the financial markets
To the event IG Markets claims to be the world’s leading CFD provider, offering a wide range of CFD and Forex trading services. However, despite its title of “No. 1 CFD provider in the world,” there is a certain mistrust of the organization among practicing traders. This is due to the high risks inherent in CFD trading and the complexity of the instruments they offer. In addition, the office is involved in illegal fraud.
|Year of foundation
|Regulation and jurisdiction
+44 (20) 7633 5430
IG com, Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA
- Low entry threshold
- Forgery of documents
- Fraud with quotes
IG Trading Platform
|Types of accounts
Credit cards Visa/Mastercard/Maestro
International payment systems
Up 0.01 pips
Up 0.6 pips
Cryptocurrency, currency pairs, indices, commodities, precious metals, shares of large international financial corporations, energy
Security of cooperation with IG Markets
IG International Limited, part of the IG Group, is registered and licensed for investment and digital asset trading by the Bermuda Monetary Policy Authority. The organization was founded in London in 1974. In theory, many years of experience in financial markets is a positive factor. Firms with an impeccable reputation conduct transparent activities. However, this certainly does not applyIG Markets official website The scam is filled with outright lies, including about the founding date of the project.
Sharaga emphasizes its transparency and reliability as a financial services provider. They emphasize a commitment to providing quality customer service and trader education through the IG Academy and other educational resources. At the same time, scammers hide information about financial regulation.
Signs of fraud:
- lack of scanned copies of licenses and certificate of incorporation;
- dubious offshore jurisdiction;
- applications for non-existent awards;
- constant rebranding and domain changes of their websites;
- lies about many years of experience – the company has been operating in the financial markets for no more than a few years.
Markets IG publishes a warning about risks, but this is of no use, because investors lose their savings precisely because of manipulations with quotes by scammers. Sharaga declares his readiness to serve Russians without a license from the Central Bank of the Russian Federation, and this is a violation of current legislation.
Terms of trading with broker IG Markets
Trading with a brokerIG Markets characterized by a number of key conditions:
- The office offers competitive spreads, which can be either fixed or floating, depending on the market and current market conditions. Commissions, especially when trading shares, are charged by counterparties and depend on the trading volume and the selected market;
- Leverage allows traders to increase their trading volume beyond their initial capital, but it also increases potential risks. The level of leverage varies depending on the type of asset and market conditions. Margin requirements, that is, the minimum amount required to maintain an open position, also vary depending on the asset and the size of the trade;
- Sharaga provides access to a wide range of markets, including stocks, indices, currencies, commodities and cryptocurrencies, allowing traders to diversify their portfolios and select assets that suit their strategy and preferences. Each market has its own unique characteristics, including trading hours, spreads and margin requirements.
It is with the help of high leverage that scammers cheat newcomers out of money. For a wide range of trading assets, scammers hide contract specifications in order to continually change commission rates. Clients do not really understand what instruments they are trading and under what conditions.
The main trading platforms are MetaTrader 4 and ProRealTime. Support for mobile versions of terminals has also been implemented. These platforms provide traders with access to a variety of analysis tools, charting and risk management features that are key to making informed trading decisions.
The scammers say nothing about liquidity providers, which increases the risk of cooperation with IG Markets personal account on this site will lead to the loss of the deposit due to the systematic intervention of office employees in the movement of quotes.
IG Markets training
The company places a special emphasis on educational resources, offering a wide range of materials and training tools, making it attractive to both beginners and experienced traders. Beginners are led to talk about free training, but its effectiveness is greatly exaggerated.
The basis of the educational programIG Markets is IG Academy, which offers a variety of courses and webinars covering a variety of topics from trading basics to more advanced strategies and market analysis. These courses are designed to provide traders with an in-depth understanding of various aspects of trading, including risk management, trend analysis and the use of trading platforms. Webinars are hosted by financial experts and provide an opportunity for participants to ask questions and discuss trending topics in real time.
Sharaga promises to provide an extensive library of educational materials, including articles, guides, and video tutorials. These resources cover a wide range of topics, from basic trading principles to complex investment strategies and market analysis. This approach allows traders to study at their own pace and depth, tailoring the training to their individual needs and level of knowledge.
To put the knowledge gained into practice, the broker offers demo accounts that allow traders to test their strategies and trading skills in a simulated environment without the risk of losing real funds. It is especially useful for new traders who can practice the concepts and strategies they have learned, as well as for experienced traders who want to try new approaches.
In addition to standard educational resources, the scam offers its clients access to current market analysis and news:
- daily market updates;
- analytical reviews;
- expert advice that helps traders stay up to date with the latest trends and developments in the markets.
The company does not specify who exactly created the training and is preparing the analytics, which undermines trust in the reliability of the materials. On a demo account, trading is always positive, but the situation changes dramatically after switching to the real market. Scammers set up this result so that the demo account encourages a newbie to make a deposit.
IG Markets Expose
Investors regularly encounter problems when trading with the broker in question:
- delays in withdrawal of funds;
- presence of requotes;
- high commissions for withdrawal of funds.
These factors cause dissatisfaction among traders and call into question the effectiveness of the broker.
Practicing traders point to problems with the speed of withdrawal of funds. Managers constantly come up with the most absurd excuses for why cash out is not available. Considering the above arguments, it becomes an obvious decision to refuse servicesIG Markets Investments the project is too risky.
Creating a broker IG Markets – another attempt by scammers to gain a foothold in the Russian-language segment of CFD trading. They thought through the legend, but still fell for lies several times. The office operates on the principle of a forex kitchen and absolutely always drains traders’ money. It is impossible to make money trading with this scam.
Reviews about the broker IG Markets
Users rate the trading experience withIG Markets reviews about the broker are mostly devoted to problems. Investors failed to make money, but only suffered significant financial losses.
On plusiminus.com, investors express disappointment in working withIG Markets. One customer reports losing a $3,000 investment, citing lack of support and no compensation from the company. Another client complains about difficulties in completing verification to withdraw funds, which, according to him, takes a significant amount of time and causes inconvenience. Also mentioned is the problem with an opaque and vague response from the counterparty regarding the closure of a profitable transaction.
On the website ru.brokers.best, users also express dissatisfaction with the services of Sharaga. One of the reviews points to problems with registration for Russian citizens and difficulties associated with passing verification. Another review highlights delays in withdrawals and numerous complaints from other customers, and also mentions problems with requotes and high prices for educational courses.
On the ratingfx.com website, investors share their negative impressions of working with the project. The trader describes a deception scheme in which the manager promises high returns, which ultimately leads to the loss of funds. He also talks about difficulties with trading due to floating spreads and problems with order execution, which leads to frequent calls to the support service and the lack of significant income.
The listed problems are enough to doubt the honestyIG Markets review complaints showed that the office is aimed at enriching itself at the expense of naive newcomers. Scammers are constantly looking for different ways to rob a trader. Payments promised to clients are not carried out.
The legend of legal activitiesIG Markets is not confirmed in practice. Absolutely all traders lose money due to office fraud. To compensate for the costs caused by the illegal actions of the kitchen, write to us, we will help you make a chargeback, returning everything to the last penny.
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