IGFB-Overview of Minimum Deposit, Spreads & Leverage

General Information

IGFB is allegedly a broker based in Dominic that provides its clients with web-based trading platforms, leverage up to 1:100, fixed spreads on over 250 tradable assets, as well as a choice of four different account types and 24/5 customer support service.

Market Instruments

IGFB advertises that it offers more than 250 trading instruments in financial markets, ranging from forex CFDs, stocks and futures to indices and commodities.

Account Types

There are four live trading accounts offered by IGFB, namely Basic, Standard, Premium and Pro. Opening a Basic account requires the minimum initial deposit amount of $250, while the other three account types with the much higher minimum initial capital requirements of $5,000, $25,000 and $50,000 respectively.

Leverage

The maximum leverage ratio provided by IGFB is up to 1:100. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

As we tested on IGFBs web-based trading platform, we found the spread for EUR/USD pair is fixed at 3 pips. Other more detailed information about spreads is not involved directly on its official website. As for commissions, it varies depending on different account types. Apart from the Pro account with no commission, the other three account types all with unknown commissions.

Trading Platform Available

When it comes to trading platforms available, instead of the worlds most widely-used MetaTrader4 and MetaTrader5 platforms, IGFB gives traders web-based platforms including IGFBT and Edge, as well as a mobile app available on iOS and Android devices. The broker claims that its IGFBTrader platform features a convenient and customized interface combined with sophisticated order management tools. While with its mobile app, traders can track markets on the go.

Deposit & Withdrawal

From the logos shown at the bottom of the home page on IGFBs official website, we found that this broker seems to accept deposits and withdrawals via Wire Transfer, Piastrix, Visa, Maestro and MasterCard, yet we have no way to confirm if these payment methods are all really available. The minimum deposit amount is $250. As for the processing time of withdrawal requests, withdrawal funds with Bank/Wire Transfer will show up on your exchanging account within 5 business days.

Fees

Also, IGFB will charge some fees. For instance, if you didn't log in and exchanged your record in six months, your account becomes dormant and will be charged with a Torpid Fee of 10% monthly.

Customer Support

IGFBs customer support can be reached through telephone: 35929060958, email: support@igfb.online or send messages online to get in touch. Company address: 8 Copthall, Roseau Valley, 00152, The Commonwealth of Dominica.