WikiFX Broker Assessment Series | Is IGOFX reliable?

In this article, we will discuss the broker named IGOFX. If you plan to invest in this broker, it is wise to read this article before taking action.

About IGOFX

IGOFX was founded in 2006 and is based in New Zealand, IGOFX is an unregulated broker. Still, traders are advised to get away from unregulated traders, as they can not guarantee traders funds. IGOFX therefore offers 24/5 customer support to solve any trading problems faced by its clients. IGOFX offers investors a small range of tradable assets, including forex currency pairs, binary options, gold, and silver.

Is it Legit？

IGOFX is not regulated. VanuatuVFSC with license number: unreleased. The regulatory status is abnormal, the official regulatory status is revoked. WikiFX has given this broker a low score of 2.02/10.

Trading Platform

IGOFX provides traders with a market-leading and widely acclaimed MT4 trading platform, as well as an MT4 desktop trading terminal, iPhone trading terminal, Android trading terminal, and Windows trading terminal to meet a wide range of user needs.

Minimum Deposit & Account Types

IGOFX offers three different accounts to meet different traders investment needs and trading experiences, namely Mini Accounts (minimum deposit of $1), Standard Accounts (minimum deposit of $300), and Premium Accounts (minimum deposit of $20,000).

Leverage

The Mini account can trade with leverage up to 1:1000, while Standard and Premium accounts both offer leverage up to 1:500.

Exposures

This broker has been accused of withdrawal rejection. Recently WikiFX has received three complaints against this broker.

Conclusion

Since many traders claimed that IGOFX blocked the withdrawal request, we advise you to avoid this broker. A low-score broker without a license number may not be a wise option. If you want more information about certain brokers' reliability, you can open our website. Or you can download the WikiFX App to find your most trusted broker.