IGFB: reviews of cooperation, legal base check
Analysis of IGFB Company
IGFB claims that their company has been repeatedly praised as the best and most advanced in the field of online trading. However, actual clients view this claim unfavorably. They argue that it is a typical offshore scam that only knows how to lure investments from newcomers. In this independent review, we will provide key aspects about the company, verification results of legal grounds, and feedback from various independent forums.
Analysis of IGFB Website
IGFB has decided not to bother creating a truly high-quality and informative website. Specialized services have rated it very low.
The project participants clearly do not pay proper attention to this domain. This is typical behavior for scammers who regularly change their brands and purchase new websites. Obviously, the fate of igfb.one is predetermined. This web resource began its history in the domain sphere in 2021, but Roskomnadzor has already included it in its list of prohibited sites.
The General Prosecutor’s Office of the Russian Federation also suspects this platform of fraudulent activities, advising against giving money to IGFB and registering on their platform.
The pseudo-broker has serious issues with contact information. In addition to the offshore address in Dominica, the company only provides a form for sending messages, a fake Bulgarian phone number, and a fictitious email address. Such a company does not exist in social networks, further confirming their reluctance to engage in an open dialogue with clients. This behavior only reinforces users’ distrust, who would flood the company’s pages with negative reviews instantly, and scammers are not willing to make efforts to rebuild their reputation.
Licensed Broker or Not?
IGFB completely conceals legal information. The fake intermediary only provides a fake address in Dominica, without providing any proof of registration or license for their activities. The presence in the Dominican Republic is questionable since the company IGFB is not listed in the registry of legal entities of this country.
Numerous negative reviews online indicate that the company actively attracts traders from the post-Soviet space. In the Russian Federation, IGFB has no valid grounds for lawful activities. The Central Bank of Russia has already blacklisted the fake broker, accusing them of fraud. Users are advised to refrain from registering on the specified platform and not depositing any funds, even the minimum amount.
After reviewing the conditions offered by IGFB, it can be noticed that the company does not provide any guarantees. It plainly states the high risks of fund loss and the fact that losses will not be reimbursed. These aspects are confirmed by previous clients’ reviews.
What is Offered to Investors?
The platform explains the possibility of accessing 250+ instruments, including global currencies, CFDs on commodities, and stocks. The fraudsters, of course, provide their own trading terminal. According to them, this is a unique platform where successful trading is possible (available in desktop, web, and mobile versions). However, clients note that in reality, it is manipulated software used by scammers for personal gain.
There is no demo account on the platform. This is understandable: scammers do not want to waste time. They aim to make quick profits using other people’s funds. Right after registration, clients are prompted to choose a tariff plan and deposit funds. The following account types are offered:
- Basic. Minimum deposit – $250. Emphasizes the presence of a commission (the amount is not disclosed) and a 30% bonus on the deposit.
- Standard. Minimum deposit amount – $5,000. Features: trade insurance up to 25%, a bonus of up to 50%, assistance of a personal manager, limited trade signals, and basic trading strategies.
- Premium. Starting deposit – $25,000. Additionally: a bonus of up to 70%, insurance up to 50% of the trade amount, advanced trading strategies.
- PRO. To open this account, a minimum of $50,000 is required. Features: a bonus of up to 100%, insurance up to 75% of the trade amount, unlimited trade signals, participation in VIP webinars, development of advanced strategies, and no commissions.
The platform lacks truly informative information for investors (about leverage, spreads, swaps, and more). Regarding financial withdrawals, clients emphasize in their reviews: the company does not allow them to earn and withdraw money. The company will always find reasons to prevent you from withdrawing your profits.
What Users Say in Reviews?
IGFB has already been engulfed in a wave of negative reviews. Some investors have lost significant amounts on this platform. Collaborating with scammers deals a significant blow to the pockets of trusting users.
Fraud Model
The scammers from IGFB cleverly assign a personal manager to every newcomer and generously reward them with bonuses. This encourages novice traders to invest money. Thanks to their trading terminal, fraudsters can create the illusion of profitable deals for an extended period and extract new investments.
Once a user expresses a desire to withdraw money, they will be directed to mandatory bonus completion. The conditions are impossible to meet, so the client will continue their credit slide. They automatically find themselves in a trap with no way out. Attempts to appeal to the conscience of IGFB scammers are in vain, and seeking help from regulators is pointless.
Check Summary
The scammers from IGFB have already caused a lot of trouble and left a long trail of negative reviews. However, the fraudsters continue their activities, so there is a risk of falling into the arms of these criminals and contributing to their financial enrichment. We strongly recommend refraining from investing in this place, as the chances of making a profit with a fake company from an offshore zone tend towards zero.