About IGC Markets
Overview
IGC Markets is a retail forex and CFD broker that was established on 22 October 2021 and is registered in China. The broker operates through its official domain, igcmarkets.com, and maintains a presence on social media platforms including Facebook, Instagram, LinkedIn, Twitter/X, and YouTube.
Despite its recent entry into the market, IGC Markets has not secured any regulatory licences from recognised financial authorities. This absence of oversight is a significant factor contributing to its FXCanary Scam Risk Score of 75 out of 100, which is classified as 'Severe'. The broker's operations are therefore conducted without the stringent compliance standards expected of regulated entities.
Regulation and Safety
Our records indicate that IGC Markets is not regulated by any major financial regulator. This means that client funds are not protected by schemes such as the Financial Services Compensation Scheme or similar investor compensation mechanisms.
Traders considering IGC Markets should be aware that the lack of regulatory oversight increases the risk of unfair practices, including potential issues with fund segregation, transparency, and dispute resolution. The high scam risk score further underscores the need for caution.
Products and Services
Based on the available information, IGC Markets appears to offer typical retail forex and CFD trading services. However, specific details about tradable instruments, trading platforms, and leverage options are not publicly documented in the provided data.
Given the limited information, potential clients should verify all product offerings directly through the broker's website and exercise due diligence before committing funds.
Account Types and Funding
No specific information regarding account types, minimum deposits, or funding methods is available from the official sources known to us. Traders interested in IGC Markets should consult the broker's website for these details.
It is advisable to approach any unregulated broker with caution, particularly when it comes to depositing funds. Without regulatory oversight, there is no guarantee of fund security or fair treatment.
Customer Support
IGC Markets maintains a presence on multiple social media platforms, which may serve as channels for customer support. However, no specific contact details such as phone numbers or email addresses are provided in the known facts.
The absence of clear support information can be a red flag, as it may indicate a lack of commitment to client service. Traders should test the responsiveness of the broker before committing significant capital.
Conclusion
IGC Markets is a newly established broker with a severe risk profile due to its lack of regulatory licences. While it offers forex and CFD trading through a functional website and social media presence, the absence of independent user reviews and regulatory oversight makes it a high-risk choice.
Traders are strongly recommended to opt for regulated brokers with a proven track record. For those considering IGC Markets, extreme caution and thorough independent research are essential.
Overview compiled by FXCanary from regulatory records and public data. full IGC Markets review