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iGain Markets

Saint Vincent and the Grenadines Saint Vincent and the Grenadines | 2-5 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://igainmarkets.com/

Website

Rating Index

Contact

+44 2045773355
https://igainmarkets.com/
First Floor, First Saint Vincent Bank Ltd Bulding, James Street, Kingstown, Saint Vincent and the Grenadines

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
2-5 years
Company Name
iGain Markets Limited
Email
support@igainmarkets.com
Contact Number
+44 2045773355
Account Info
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • igainmarkets.com
    173.231.212.144
    Server Location
    United States United States
    ICP Registration No.
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    Top Visitor Locations
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    Creation Date
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    Website Name
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    Company
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Company Profile

Company Profile

Review summary

General Information

iGain Markets is allegedly a broker based in Saint Vincent and the Grenadines that provides its clients with the worlds renowned MetaTrader5 trading platform, leverage up to 500:1, tight spreads on a wide selection of tradable assets, as well as a choice of two different account types and 24×5 customer support services.

Market Instruments

iGain Markets advertises that it offers a wide range of trading instruments in financial markets, including forex, indices, commodities (precious metals, energy and agricultural products), cryptocurrencies and more.

Account Types

There are two live trading accounts offered by iGain Markets, namely Raw and Standard. Opening any account type requires the minimum initial deposit amount of $50 or equivalent.

Account

Leverage

The maximum leverage ratio provided by iGain Markets is much higher than most brokers, up to 500:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads and commissions are influenced by what type of accounts traders are holding. iGain Markets reveals that the spreads in the Raw account start from 0.1 pips with a $6 commission per lot, while the clients on the Standard account with spreads from 1.0 pip and 0 commission.

Spreads

Trading Platform Available

When it comes to trading platforms available,iGain Markets gives traders the worlds most widely-used MetaTrader5 platform. There are four different versions: MT5 for Windows, MT5 for iOS, MT5 for Android and Web Terminal. Known as one of the most successful, efficient, and competent forex trading software, MT5 offers a smart, intuitive platform for multi-asset trading, featuring 21 time-frames, 80+ pre-installed indicators and more. With MT5 mobile versions, trading can be done from anywhere and at any time through the right mobile terminals.

Trading

Deposit & Withdrawal

iGain Markets accepts deposits and withdrawals via Bank Wire, MasterCard and cryptocurrencies like Bitcoin, Ethereum and more. All deposit or withdrawal requests will be processed between 0-1 business day.

Deposit

Customer Support

iGain Markets customer support can be reached through telephone: +442045773355, email: support@igainmarkets.com or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Facebook, Instagram, YouTube and LinkedIn. Company address: First Floor, First Saint Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines.

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

How safe is trading with iGain Markets?

iGain Markets Limited presents a severe risk warning due to its complete lack of verified regulatory oversight from any major financial authority. The firm is registered in Saint Vincent and the Grenadines, a jurisdiction known for not licensing or supervising forex brokers, which results in a total absence of standard client protection mechanisms like segregated funds or investor compensation schemes.

04-02
United States

What is the regulatory status of iGain Markets?

iGain Markets is not a regulated broker. It operates without any valid authoritative forex trading licenses from recognized regulatory bodies such as the FCA, ASIC, or CySEC. Its registration in Saint Vincent and the Grenadines does not constitute financial regulation, placing it entirely outside standard investor protection frameworks.

04-02
United States

When was iGain Markets established?

Based on public records, iGain Markets has been operating for between two and five years.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
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