User Reviews
More
User comment
0
CommentsWrite a review
No comment yet
Danger
ES CNMV
2024-07-08
No Regulation
Score
1.11 /10
Danger
Finance IG
Within 1 yearSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index3.91
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
Regulatory disclosure
Check whenever you want
Download App for complete information
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
Founded in 2016, Finance IG specialized in cryptos and CFDs trading. It owns a trading platform and supports many funding methods for their cryptos trading. However, it has now no regulation.
Pros and Cons
| Pros | Cons |
| Securities measures provided | No regulation |
| Many tools provided | Limited contact channels |
| Over 1000 instruments | |
| Various methods to buy cryptos |
Is Finance IG Legit?
Finance IG is not regulated by any institution. Besides, the domain financeig.com was established on March 29, 2024, and its registration is valid until March 29, 2025. As of the latest update on March 29, 2024, the domain status is listed as “clientTransferProhibited” and “clientUpdateProhibited.” This means that the domain cannot be transferred or updated without the current registrars approval.
What Can I Trade on Finance IG?
In, Finance IG, you can trade over 1000 instruments including forex and CFDs on cryptocurrencies, stocks, commodities, stock indices, metals and energies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Finance IG offers four types of accounts including Standard, Silver, Gold and VIP accounts with the minimum deposits of $250, $10,000, $50,000 and $100,000 respectively. It is higher compared to other brokers, who typically require a minimum deposit of $100. However, each account satisfies its traders by providing different tools and services.
| STANDARD ($250) | SILVER ($10,000) | GOLD ($50,000) | VIP ($100,000) | |
| Margin Loan | ✔ | ✔ | ✔ | ✔ |
| Daily Market Review | ✔ | ✔ | ✔ | ✔ |
| Daily Portfolio Progress Report | ❌ | ✔ | ✔ | ❌ |
| Daily News | ✔ | ❌ | ❌ | ❌ |
| Trading Academy | ✔ | ❌ | ❌ | ❌ |
| Weekly Market Review | ✔ | ❌ | ✔ | ✔ |
| Account Manager | ✔ | ❌ | ❌ | ✔ |
| Work with a Portfolio Manager | ❌ | ✔ | ❌ | ❌ |
| Monthly Session with Certified Accountant | ✔ | ✔ | ❌ | |
| 24/7 Account Monitoring by Analyst Group | ✔ | ✔ | ✔ | |
| Weekly Live Stream Trading Webinar | ❌ | ✔ | ||
| Weekly 1 on 1 with Market Analyst | ✔ | |||
| Customized Education | ❌ | |||
| Daily Market Signals | ||||
| In-Depth Research | ||||
| Invites to VIP Events | ||||
| Managed Portfolio | ||||
| VIP Advisor |
Trading Platform
Finance IG offers their trading software for cryptos trading. On their platforms, you can access sections that include real-time insights, customized risk management, and a risk-free practice environment with a virtual portfolio of $100,000, which are beneficial for beginners, as they provide tools to help new traders learn without financial risk.
Deposit and Withdrawal
In Finance IG, you can buy cryptos via VISA, mastercard, Paypal, Skrill, WebMoney, NETELLER, Union Pay, Yandex and Diners Club. It claims that buying cryptos does not require minimum deposit.
Customer Service
Finance IG only offers 24/7 online messaging to contact them. Yet, Finance IG does not offer other forms of contact such as phone support or in-person consultations.
| Contact Options | Details |
| Phone | ❌ |
| ❌ | |
| Online Messaging | ✔ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Website Language | English |
| Physical Address | ❌ |
The Bottom Line
In conclusion, Finance IG platforms are particularly well-suited for advanced traders. First, it offers many tradable CFDs instruments and a specified crypto trading platforms. Besides, their accounts also supports many tools. Experienced traders can leverage these tools and platform to enhance their investment strategies effectively. However, there is a concern that it is not regulated well.
FAQs
Is Finance IG a good for beginners?
Yes. In their trading platform, it offers a practice environment with a virtual portfolio of $100,000.
What security measures does Finance IG have in place to protect my funds and personal information?
It provides Negative Balance Protection and segregated accounts with top-tier banks.
At Finance IG, are there any regional restrictions for traders?
No.
start to write first comment