The base currency stays at USD and the maximum leverage remains at as a maximum. The minimum trade size is 1 lot and there are 30 currency pairs and metals available to trade. Hedging is allowed and just like the other accounts, if you require a swap-free account, you can have one in this account variant.

IGOFX offers a few different ways to trade however only one of them is based around forex and so we will only be looking at MetaTrader 4, the other platforms such as the Binary Options we will not be concentrating on. Released in by MetaQuotes Software, it has been around a while, it is stable customizable and full of features to help with your trading and analysis. MT4 is compatible with hundreds and thousands of different indicators, expert advisors, signal providers and more.

Millions of people use MT4 for its interactive charts, multiple timeframes, one-click trading, trade copying and more. In terms of accessibility, MT4 is second to none, available as a desktop download, an app for Android and iOS devices and as a WebTrader where you can trade from within your internet browser. MetaTrader 4 is a great trading solution to have. Maximum leverage is dependant on the account that you have, if you have a mini account then the maximum leverage would be , if you have the standard or premium account then the maximum leverage available to you would be Leverage can be selected when opening up an account, should you wish to change the leverage once an account is already open you will need to get in contact with the customer service team, also ensure that there are no open trades when making a leverage change request.

Trade sizes also depend on the account that you are using. The mini account has a minimum trade size of 0. The trades then go up in increments of 0. The standard and premium accounts have a minimum trade size of 1 lot, it is unknown how much each increment is, it could be 2 lots as the next trade or it could be 1. The maximum trade size can be a little confusing, the FAQ on the website states that the maximum trade size you can have is lots, however, the maximum that MT4 can open is lots, either way, that is far too high, we would never recommend opening trades larger than 50 lots, as the bigger a trade becomes the harder it is for the markets and liquidity providers to execute the trades quickly and without any slippage.

There is no mention of any commission on the website so it would appear that there are not any added to any of the accounts, all three accounts use a spread based payment structure that we will be looking at later in this review. There are swap charges which are either paid or received for holding trades overnight, these can be viewed from within the MetaTrader 4 trading platform.

If you opt for a swap-free account then an administration charge will be added to the account instead of interest. This is a major downside to IGOFX, the fact that there are only 30 currency pairs and 2 metals to trade, it can leave you with nothing to trade or analyze at times.

Gold and Silver are the two metals which hare also the most popular two. Spreads are the main way that IGOFX makes their money, they add on an additional spread which they then take as profit. There is not a stated difference between the accounts but we would expect the higher entry requirement accounts to have slightly lower spreads, however, we can only go on what the website says.

As you can see the pips are relatively high, even for accounts with no commission. It is also important to note that the spreads are variable also known as floating , this means that they move with the markets, when the markets are being volatile then the spreads will widen and will be seen much higher than the numbers stated. There is not a huge selection of deposit methods and it is disappointing to see so many processors excluded from the list. iGoFX is licensed as securities dealer in Vanuatu by the VFSC, company number They write that they plan on obtaining additional licenses in other countries soon, but for now it is just Vanuatu.

They are located at Govant Building, BP , Port Vila, Vanuatu. 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.

So it mean, no over pay here! I dont see your claim is valid. PONZI is mean they need money from new member to sustain the game. Last week, a total of USD 50million withdrawal noted from the Local. Depositor, yet, forex igofx scam , the payout still ontime and no delay. If PONZI, where they could pay out so prompt! Please use your mind to think before you pen down anything here. Last week, a total of USD 50million withdrawal. Because how fast stolen funds are paid out has nothing to do with Ponzi fraud.

A Ponzi scheme is defined when newly invested funds are used to pay off existing investors, as is the case in IGOFX. John : Please use your mind to think before you pen down anything here. why they need this as so call what you said since they can aasure so much money they can make they just need to get a bank loan and start making their own money.

I do not blame you cause you have very little knowledge and you never study the case properly whenyou made a comment. I do invested in some money game which is REAL Ponzi Scheme like JJPTR and I knew and admit it is PONZI Scheme. Still forex igofx scam proof of actual trading taking place, nor any correlation with the 2. Therefore, it is not a ponzi scheme.

What your friend does via manual trading is irrelevant. My friend invested in one fund manager of IGOFX who is loosing trades. That has nothing to do with the automated 2, forex igofx scam. So your statement is not correct. The actual reasons why Public Mutual Fund, Warrent Buffet, IGOFX needs public fund because they know by helping people to make money, forex igofx scam , they will make much more money than they borrow money from the bank and trade on their own.

The actual reasons why Public Mutual Fund, Warrent Buffet, IGOFX needs public fund because they know by helping people to make money. And this is exactly why many get burned in these ponzi schemes, thinking it will be so easy to withdraw money later on. if you want to steal from people who join after you, then people who joined before you also want to steal from you. fair is fair. Friend, FYI, I joined IGOfx 3 n a half years ago n therefore understand exactly what Biz Model they hv adopte.

Personally, I think U r Simeone who hv got burnt forex igofx scam to death before, n envy us making loads or U r a dead competitor of IGOfx trying to put up such Blog, to scam us from making more money.

Either one of the reason abv stands. PLEASE SHOW US THE FACTS OF YOUR CLAIM? PLEASE PROVIDE PROOF of your claim. How he became rich forex igofx scam been a trade secret of his till now.

It sounds to me that he shares his secret with U. FYI, U really dun know how IGOfx systems work, comp plan is details, various payouts, how IGO makes money n much more! Ozedit: Offtopic derail attempts and abuse removed. Am tired to chat further. Honestly speaking, U dun deserve to be leading this blog. I suggest U visit Vanuatu island n help us explore if IGOfx is there. And then come back here n show us some FACTS that YES! They r scams!!! Bro, dun waste yr time here trying to play the smart asshole.

IGOFX Binary, owned and operated by IGO Global Limited, is a Binary Options provider that is regulated by Vanuatu Finance Service Commission VFSC under license number This company offers various Binary Options contracts with high payouts on various assets from Commodities, Assets, Stocks, Currencies and Shares.

Traders can select the most profitable and appropriate contracts based on their trading methods and techniques. Traders can use profitable bonuses and promotions to increase their gain and success rate.

This company offers interesting affiliate programs to enhance their customer support services. Traders can access the customer support services for any trading problem they face. This company has implemented secure systems in addition to high tech and cutting edge trading platform with stable and real-time connections and quotes. Traders can use Demo Account before trading on live account to improve their trading techniques and skills. This trading platform is developed under well designed and secure connection in which several trading tools can be utilized.

You can contact them through [email protected]. Home » News » IGOFX Binary Review IGOFX Binary Review by. Logo igofx-review-logo-rebates-cashback-pforex. Company Information This company offers various Binary Options contracts with high payouts on various assets from Commodities, Assets, Stocks, Currencies and Shares.

Platforms BO Trading This trading platform is developed under well designed and secure connection in which several trading tools can be utilized. Adavantages Simple and advanced trading platform, equipped with various trading tools Suitable educational materials Quick and fast payment methods Lucrative bonuses and promotions Interesting affiliate plans Reliable customer support team Secure and reliable trading services and systems Regulated by famous regulatory institutes high payouts and flexible features on various Binary Options contracts.

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at January 05, Email This BlogThis! Home Best Brokers Trading Apps Reviews Crypto Scams Complaints. Sometimes they have very special daily promotional codes at FP Markets! Labels: The actual reasons why Public Mutual Fund, Warrent Buffet, IGOFX needs public fund because they know by helping people to make money, forex igofx scam , they will make much more money than they borrow money from the bank and trade on their own. There are some webinars in the forex tools section of the site, however, the page is blank and there is nothing in the upcoming webinar section so they may not be happening at this moment in time.

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