FXINDIGO-Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

FXINDIGO, a trading name of INDIGO HOLDINGS LLC, is allegedly a suspicious regulated forex and CFD broker incorporated in St. Vincent and the Grenadines as a Limited Liability Company with the registration number 1731. The broker claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:700 and raw spreads from 0.0 pips on the industry-standard MetaTrader5 trading platform, as well as 24/7 multilingual customer support service.

Market Instruments

FXINDIGO advertises that it offers a wide range of trading instruments in financial markets, including forex, gold, silver, indices, commodities and CFDs.

Account Types

There are two live trading accounts offered by FXINDIGO, namely Standard and ECN Pro. Opening a Standard account requires the minimum initial deposit amount of only $10, while the other account type has a much higher minimum initial capital requirement of $5,000. Besides, the broker also claims to offer demo accounts, Islamic (Swap Free) accounts, PAMM accounts, as well as micro accounts, premium accounts, zero spread accounts and binary options accounts.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Standard account can enjoy the maximum leverage of 1:700, while the ECN Pro account has a leverage of 1:70. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads & Commissions

FXINDIGO claims to offer flexible raw spreads from 0.0 pips. However, on another space of its official site, it mentions that the spread is tight from 0.5 pips. While we also read that the spread is as low as 2-3 pips on majors. As for commissions, the broker says there is no commission while at another space, the commission is required. The broker also states that it offers a referral commission of $10.

Trading Platform Available

Platforms available for trading at FXINDIGO are said to be MT5 Terminal, MT5 iPhone/iPad and MT5 Android OS. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

From the logos shown at the foot of the home page on FXINDIGOs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Skrill, Visa, MasterCard, Neteller, Perfect Money, Bitcoin and Wire Transfer. The minimum deposit requirement is only $10.

Bonuses

FXINDIGO claims to offer some bonuses. For example, 40% deposit bonus, 60% loyalty bonus and 100% supreme bonus, as well as 30% tradable bonus, yet we cannot be sure if the bonus is available without any condition.

Customer Support

FXINDIGO‘s customer support can be reached by email: info@fxindigo.com or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms such as Facebook and Instagram. Company address: First Floor, First St Vincent Bank Ltd Building, James Street Kingstown, St Vincent and the Grenadines. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.