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IGinvest
Regulators:
IGinvest appears to be a scam.
The broker lacks transparency, failing to disclose any regulatory information, which is a scam indicator. Typically, to ensure transparency and adhere to the pertinent regulations, legitimate brokers prominently display their accreditation and licenses. While IGinvest alleges to have a UK phone number, there are no indications that it is registered with the Financial Conduct Authority (FCA).
In addition, the British Columbia Securities Commission (BCSC) has issued a warning against IGinvest, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC.
Given these facts, IGinvest poses substantial risk of fraud and identity theft. To protect themselves from potential fraud schemes, investors are strongly advised to steer clear of unlicensed brokers like IGinvest and instead choose fully regulated ones.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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