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No Regulation
Score
1.53 /10
Danger
IFGL
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.15
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-23
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| IFGL Review Summary | |
| Founded | 2015 |
| Registered Country/Region | India |
| Regulation | Not regulate |
| Market Instruments | Stocks, Commodities, Currencies |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | SEBI Investor Website |
| Min Deposit | / |
| Customer Support | HELPDESK: 011-40078013 |
| Email: indianfinance@ifgl.info | |
| Equity Trading: 011-40078005, 04, 03 | |
| IT: 011-40078017 / 011-40078018 | |
IFGL Information
IFGL was established in 2015 and provides trading services for currencies, commodities, and equities. Although it offers customer service and an easy-to-use platform, its credibility is severely impacted by the lack of regulation.
Pros and Cons
| Pros | Cons |
| Offers a variety of tradable instruments | Not regulated |
| Accessible trading platforms | Lack of information of fees |
| Customer support available across multiple lines | No demo or Islamic account options |
Is IFGL Legit?
IFGL is not subject to regulation in India, where it is registered, and it does not possess licenses from reputable regulatory agencies like the FCA (UK) or ASIC (Australia).
Its domain (ifgl.info) was registered on August 5, 2015, and remains active with administrative restrictions, but the lack of licensing raises serious credibility concerns.
What Can I Trade on IFGL?
IFGL provides currency, commodity, and stock trading.
| Tradable Instruments | Supported |
| Stocks | ✔ |
| Commodities | ✔ |
| Currencies | ✔ |
Account Types
IFGL offers two account types:
- Demat Account – For holding securities electronically, suitable for long-term investors.
- Trading Account – For executing trades in listed securities, ideal for active traders.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| SEBI Investor Website | ✔ | Desktop, Mobile, Tablet | Beginners, advanced traders, and investors seeking financial tools, education, and resources |
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