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• Our Review Method

• Is FXIG Trades Scam or Legit Broker?

• What is FXIG Trades?

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding FXIG Trades due to the issues we've identified.

Is FXIG Trades Scam or Legit Broker? ▲

Trading with FXIG Trades raises significant safety concerns. Owned by FXIG Trades Inc., the entity claims a London, UK base, yet it lacks essential authorization from any prominent global Forex regulatory body. This absence of a license renders FXIG Trades a high-risk choice for traders, potentially operating without adherence to established compliance and safety norms. Given these findings, it is advisable to exercise caution and consider more credible alternatives.

Licensing and Regulation:

• FXIG Trades operates without a license.

• The broker claims to be based in London, UK yet lacks regulation from the Financial Conduct Authority (FCA) or any other reputable authority.

• Engaging with FXIG Trades exposes traders to unnecessary risks due to the absence of regulatory oversight.

Safety of Funds:

• Without regulatory supervision, the safety of trader's funds cannot be guaranteed.

• The broker's operations are not subjected to audits or compliance checks, increasing the risk of fraudulent activities.

What is FXIG Trades? ▲

FXIG Trades portrays itself as a provider of various financial services including sales and trade, financial planning, and wealth management. However, crucial details concerning its regulation and trading conditions remain undisclosed. The broker's assertion of a UK location suggests a requirement for authorization from the UK's Financial Conduct Authority (FCA), yet such accreditation is conspicuously absent. This lack of transparency and regulatory approval raises serious doubts about the legitimacy of FXIG Trades.

Services Offered:

• The broker lists services such as sales and trade, financial planning, and marketing analysis.

• Despite claiming extensive experience, the absence of customer reviews and testimonials questions the broker's credibility and market presence.

Website Functionality:

• The broker's website appears dysfunctional, with critical features like signup and live chat not operational.

• Such website issues further detract from the broker's reliability and professionalism.

Conclusion ▲

In conclusion, the evaluation of FXIG Trades reveals significant concerns regarding its regulatory status, transparency, and operational reliability. The lack of a legitimate license, coupled with insufficient information on trading conditions and operational deficiencies, strongly suggests potential risks for investors and traders. We urge caution and recommend exploring alternatives with established regulatory compliance, transparent practices, and a proven track record of reliability. Ensuring the safety of your investments by choosing well-regulated brokers is paramount.