iGoFX is a fast growing CFD / Forex and Binary Options broker that is owned by IGO Global Limited. They are located at Govant Building, BP 1276, Port Vila, Vanuatu. Their phone number in the United Kingdom is: +44 203 289 4398, and the contact email address is: [email protected]. For typical complaints about brokers, read this.
iGoFX Broker Review
Investors trading at iGoFX have access to a wide variety of trading platforms. You can choose to use the MetaTrader 4, MetaTrader 5, CFDs On STOCK, Binary Options, and mobile apps for Android & iOS.
Their leverage rates start at 50:1 and go as high as 1000:1, which is the highest we have ever seen from a broker. You have access to a wide range of underlying assets for trading including most currency pairs and Gold. iGoFX is popular with investors in South East Asia, and their website is is available in the following languages; English, Chinese, Malay and Indonesia.
A few promotions and contests are available to traders including a BMW Raffle, and they also offer 30% Bonus Money. Make sure you carefully read the terms and conditions before accepting any bonus.
The minimum deposit for a new account if you deposit with Perfect Money is only $2, otherwise the minimum is $100 with a credit card.
iGoFX License & Regulation
When reviewing a Binary Options and Forex broker to see if they are a legitimate broker or a scam, the first item we look for is an active and valid brokerage firm license. Many countries have their own regulatory agency that issues licenses to local brokers. The most respectable place for brokers to obtain a license from is ASIC Australia.
iGoFX is licensed as securities dealer in Vanuatu by the VFSC, company number 14626. They write that they plan on obtaining additional licenses in other countries soon, but for now it is just Vanuatu.
Nowadays most forex investors understand that they should only trade with a competent licensed and regulated Forex broker. You can find the best forex brokers listed here.
Searching for a new Forex broker is a hard and tedious process. Here are a couple of brokers to check out.
Existing clients of iGoFX can share their experience with this broker in the comment section below.