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Company Name
Investment Technology FX Group
Company Abbreviation
ITGFX
Platform registered country and region
Australia
Company website
Company summary
Pyramid scheme complaint
Expose
Risk Warning: This broker has been verified to be illegal and all of its licenses have been expired. Besides, this broker has been listed in the WikiFXs scam broker list. Please be aware of the risk.
General Information
Registered in Australia, ITGFX presents itself as an online forex broker providing forex trading-related services. As this forex brokers official website cannot be opened for now, we could not obtain more essential details about this trading instruments, leverage, spreads, commission, minimum deposit and more.
ITGFX has been verified to be illegal and is a Ponzi Scheme, in the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful.
Market Instruments
As ITGFX presents itself as a forex broker, we assume that this broker at least providing trading on forex pairs. The availability of other trading instruments are not disclosed.
Leverage
Trading leverage cannot be found anywhere. Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Trading Platform
ITGFX provides access to the industry-leading MT5 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as a robust charting package.
Customer Support
Worryingly, ITGFX left its clients no contact information for clients to get in touch with them, which can be served as further evidence that this broker is an unreliable one to trade with.
Negative Reviews
Quite a few traders shared their awful trading experience, saying this platform is a fraud one purely targeting for defrauding innocent investors. Come to the WikiFX to see the whole story and be aware of the potential risk.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
