IGC Markets-The overview of minimum deposit, leverage, spreads

General Information

IGC Markets is allegedly a Forex & CFDs online brokerage that provides its clients with award-winning trading platform, up to 1:500 leverage, low spreads on 200+ tradable assets, as well as a choice of six different account types and 24×5 customer support services.

Market Instruments

IGC Markets advertises that it offers more than 200 trading instruments, including forex, cryptocurrencies, CFDs, shares, metals, indices and energies.

Account Types

There are six trading accounts offered by IGC Markets, namely Standard, Core, Deluxe, Gold, Prime and Superior with the initial capital requirements of less than $10,000, more than $10,000, $25,000, $50,000, $100,000 and $250,000 respectively.

Leverage

In terms of trading leverage, the maximum level offered by IGC Markets is quite generous, up to 1:500. Attention that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

From the information displayed on the Internet, it seems that the spread for EUR/USD pair starts from 0.1 pips.

Trading Platform Available

IGC Markets claims that it offers a Webtrader platform and traders can trade on the go with mobile devices or via desktop Windows PC or Mac. However, this platform does not offer a fraction of the features established platforms do and lacks significantly in terms of design and functionality.

Deposit & Withdrawal

IGC Markets says it accepts deposit or withdrawal via VISA, MasterCard, Maestro and Bank Transfer with no fees and no commission. The minimum deposit requirement is not involved, while the minimum withdrawal amount is $100. As for the processing time of deposit and withdrawal requests, deposit via VISA, MasterCard and Maestro requires up to 2 hours, while deposit via Bank Transfer and all withdrawal requests need much more time, 5-7 business days. Note that the Standard, Core and Deluxe accounts can enjoy expedited & free withdrawals.

Fees

IGC Markets does charges inactivity fees. It will charge an inactivity fee of 5% on accounts with no trading activity or a minimum of 3 open positions for the amount of $100 for a period of 30 days or more.

Customer Support

IGC Markets customer support can be reached through telephone: +442037690553 or sending messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Facebook, Instagram, Twitter, YouTube and LinkedIn. Company registered address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown St.