FXIG Trades Review (2023)

Is FXIG Trades a scam or legit broker?

FXIG Trades is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.

No, it is not safe to trade with FXIG Trades. FXIG Trades is owned and operated by FXIG Trades Inc. and claims to be located in London, UK.

According to the website, FXIG Trades offers such services as sales and trade, financial planning, business development, marketing analysis, strategic planning, wealth management. Although, the broker doesn’t disclose any information about its regulation and trading conditions (as it provides sales and trade service).

Since the website mention UK location, the broker was supposed to be authorized in the United Kingdom by its local Financial Conduct Authority. However, we didn’t find any records of the FXIG Trades in the regulator’s register, which means the broker is not allowed to provide its financial services in the country.

In addition, the website seems to be off, as the “signup” option doesn’t work as well as the live chat on the website. Also, FXIG Trades claims to have 24 years of experience in financial consulting, however, we couldn’t find any reviews about this company, which means it is new on the market.

Conclusion

We advise all investors and traders to avoid FXIG Trades and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets and XM.com. You can check Xtrade Australia and FXPRIMUS Malaysia.

FXIG Trades website is no longer active.