igvipfx.com is a CFD broker registered on July 20, 2024. It primarily offers trading services in forex, precious metals, crude oil, indices, and cryptocurrencies to both retail and institutional clients. This broker does not serve jurisdictions where it may violate local laws or regulations.
Corporate Registration Information and Regulatory Status
According to publicly available information on its official website, igvipfx.com claims to be one of the top 50 financial services companies in the UK, using "IG" as its trading name. The company is located at 286 Euston Rd., London. The website also mentions a company named "WGP Markets," which is registered with the U.S. Financial Crimes Enforcement Network (FinCEN), MSB ID: 31000275823577.
However, upon verification, it was found that the information provided on igvipfx.com's website is entirely false. The trading name and logo are plagiarized from the well-known UK broker IG. The information about WGP Markets at the bottom of their website is also stolen from the website "www.wgpmarkets.com".
In addition, the webpage design and content of igvipfx.com are identical to those of other scam broker websites such as sedxcmarkets, FCAAGEA Financial Limited, Pocketx Ltd, auclimited.com, Bakkt Market, and proper-fx.com, all of which use a uniform template.
Therefore, igvipfx.com is essentially a scam broker website with no legitimate company entity or regulatory oversight.
Trading Instruments
igvipfx.com offers trading in forex, precious metals, crude oil, indices, and cryptocurrencies.
- Forex: Offers dozens of major currency pairs, including EUR/USD, USD/CAD, GBP/USD, and USD/JPY.
- Precious Metals: Provides spot trading in metals such as Gold (XAUUSD) and Silver (XAGUSD).
- Crude Oil: Provides trading in U.S. crude oil (UsOIL).
- Indices: Includes Nikkei 225 (N225), DAX 30 (GER30), and S&P 500 (US500).
- Cryptocurrencies: Offers trading in numerous major digital currency pairs, including Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
Account Opening Process
Steps to open a trading account with igvipfx.com:
- Visit the broker's official website and click on "Open Account" at the top right corner to access the registration page.
- Enter your email address and set a login password. You will then receive a verification code via the provided email.
- Submit the verification code in the account application form to complete the registration process.
- Log in to your account and complete the full KYC verification to start depositing funds and trading.
Account Information
The igvipfx.com website only provides information about spreads, leverage, and contract sizes. Details regarding account types, trading commissions, minimum/maximum trading volume, maximum position/order size, margin call/stop-out levels, and minimum price precision are not disclosed.
- Base Currency: USD
- Spreads: Floating, starting from 1 pip
- Leverage: 1:100
- Contract Size: 1 lot = 100,000 currency units
Trading Platform
igvipfx.com claims to offer the ST5 trading platform, available for both desktop and mobile. The platform boasts over 50 technical indicators and intraday analysis tools, along with features for advanced traders. However, the design and functionality of ST5 are very simplistic, typically used by scam brokers.
Deposits and Withdrawals
igvipfx.com does not clearly disclose its supported methods for deposits and withdrawals, associated fees, or minimum deposit/withdrawal amounts on its website.
Conclusion
Traderknows reminds investors that igvipfx.com is actually a scam broker website with no company entity or regulatory oversight. Additionally, the only contact method provided is through email. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, igvipfx.com is labeled as "Suspected Fraud" on Traderknows.
