Exchanges & BrokersNewsReviews

IGC Markets Review – Is IGC Markets Scam or Legit?

IGC Markets Review
Account Types9.3
Trading Speed9.9
Customer Service8.9
Safety9.6
9.4
Conclusion
Read our IGC Markets review and learn why we recommend this broker for online trading and why it is not a scam, learn all you need to know in this IGC Markets review before you sign up with the broker.

IGC Markets Review

IGC Markets logo

I understand things can be quite challenging for new traders who don’t know where to start. I was in your shoes once and found it really difficult to find a starting point. However, I will make sure you don’t have to face the same fate and spend many months before you finally find the right platform. Today, I am going to try to bring you some information about the right platform through this IGC Markets review. I am not here to do a sales pitch from the broker. All I am going to try to do is to give you all the information that I think should really matter to you in the signup process.

Are you going to find a platform that you can easily understand? Will you get the trading conditions that let you grow from a beginner to an advanced level trader? Will the broker provide you with any high-tech features that let you automate a great part of the trading process to make the entire process more efficient? I am sure you have these questions on your mind and to find the answers to all of them is not easy. Let the onus be on me for providing you with all the details of this company so you can find answers to your questions.

If nothing, I am sure I will be able to at least help you make the first-time signup decision easy for you. So, please go ahead and read this complete review before you sign up for the first time with your trading account.

BrokerIGC Markets
Websitehttps://igcmarkets.com/
AssetsForex, Indices, Stocks, Crypto, Commodities
Trading PlatformWebtrader
Transfer MethodsMasterCard, Visa, Maestro, Wire Transfer
Types of Accounts7 (Standard, Core, Deluxe, Gold, Prime, Superior, VIP)
LeveragesMin. 1:100, Max 1:600
Welcome BonusUp to 30% of Initial Deposit
CommissionsNo
Customer Support5 Days, Working Hours
IGC Markets website

Say No to Fees and Commissions

In my review, I would like to bring your attention to the issues that I think are important but don’t get any highlight. The problem with this issue is that you end up signing up with a company without ever getting the result that you had expected. There are many other reviewers that will talk about all the common features. However, when it comes to me, I will tell you about the things that are rarely known to new traders when they are signing up for the first time. In other words, I will prevent you from stepping into the wrong direction and paying for a trading account without obtaining any benefits.

The first thing that will bother you a lot about online trading platforms is that they charge you a lot of different fees, service charges, and commissions in a lot of different names. You will have to pay them a commission as soon as you enter a trade. You will have to give them service charges when you deposit funds in your account. You will even have to pay money to them when you are withdrawing your own profits from your own trading account. How can you make money as a trader when your trading partner is constantly charging you money for the smallest of actions? Meet IGC Markets.

This is the company that will rid you of all these weird and unnecessary services charges, fees, and commissions. When you trade, you only have to worry about the spread that’s written clearly on your trading platform. Furthermore, there are no commissions for you to pay when you deposit funds in your account. Even your withdrawals will come without any service charges or commissions. The company has already taken care of these matters for you so you can focus on trading and making profits on your successful trades. That’s the type of platform you want and should be searching.

Low Cost to Start Trading

Do you know that if you are a new trader, you might be the millionth person today who is thinking about signing up with an online company and starting a trading account? The thing is that more and more people have now realized the hidden value of trading online and improving their financial conditions with this activity. If nothing, you can at least make a constant income from trading every month and save that money for your retirement. Of course, you will have to be successful with your trades to earn any profits. Don’t ever be under the impression that you will open a trading account and start making money from the next moment.

Now, the thing that stands up between many new traders and their first trading account is the signup cost. I wonder why so many online trading services providers are keeping their signup costs so high. They totally understand that a huge population in the online trading world now consists of people who are trading for the first time. These people do not have a lot of money for trading. They are on a budget and they are looking for an easy way to start trading without breaking the bank. Can they do that with IGC Markets? Yes, if you are one of these people, I assure you that starting your trading account with this company will not be a challenge at all.

I will tell you about the different account types later, but for now, I want you to know that the starting deposit for you with this company will be as small as $250. This is not something that the company is hiding from you. In fact, you will know about the $250 initial deposit as soon as you land on the website of the company. Other firms might hide this detail from you because they want to let you sign up with a huge amount. However, in the case of IGC Markets, the company is very clear about its stance on allowing its traders start with a small amount of just $250.

Trusted and Relied Upon

Do you know what matters the most when you go for a job interview? More important than your attire, the answers you give, and the CV you bring you with is the experience that you have in that field. In a similar fashion, when you sign up with an online trading services provider, the first thing you should pay attention to is the numbers. You have to make sure that the company is able to prove its establishment and trust with some numbers. If it does not have any numbers to show, then you can say that it is only making false promises as a marketing tactic.

On the other hand, when it comes to big companies with impressive numbers, they have nothing to hide. I can assure you that the numbers about IGC Markets are pretty impressive. They will show you that you should sign up with this company without any second thoughts. So, firstly, let me tell you about the number of accounts that are opened on this platform right now. You have more than 1 million active accounts that have chosen this platform to be their online trading platform. You can see how many people have already trusted the company.

They must have found something great about its services to feel the need to sign up with it. Secondly, you will be more than happy to know that 14.2% is the return that most traders who sign up with this company get on their trades. That’s quite a huge return if you take a look at the amount of money you will be able to make at the end of your trading career. When you save money, you lose it in the form of inflation. However, when you trade your funds, you increase them with such percentages, easily killing the effects of inflation on your saved funds.

Trade All That You Like

Why limit yourself to the same market that you had started with? If you are not experimenting as a trader, you are not taking any risks. If you are not taking any risks, you will not get any rewards. That’s something I want to tell you as a mentor or someone who has been trading for many years. It’s not just trading. I have to tell you that risk is rewarded no matter which type of business you are investing your money, time, and efforts in. So, in a way, I am trying to say that you should experiment and try out your trading skills in different financial markets.

Can you do that when you sign up with IGC Markets? I can say that this company is probably one of the few ones that make it extremely easy for you to start trading with your favorite assets. You can trade the assets that make sense to you and not the ones that you find difficult. At the same time, you will not even have to worry about the assets you can or cannot trade. I am sure when you look at the asset index of this company, you will agree that just about any type of asset that you can request for is available on this trading platform.

IGC Markets lets you access some of the best and biggest financial markets from all around the world. Do you want to participate in trading cryptocurrencies to jump on the bandwagon? Are you interested in trading minor, exotic, and major currency pairs? Do you think you like trading stocks more? Perhaps, you like the safety that indices offer over stock trading? Or maybe you just want a category that offers you many different types of assets for trading. If that’s the case, you will be happy to know that this company allows you to trade commodities, crypto assets, fiat currencies, stocks, and indices.  

Seven Account Types

I know a lot of online companies that provide you with up to 5 different account types. If you perform a basic research, I am sure you will not be surprised to see companies that have even 6 or 7 different trading accounts that you can sign up with. This is something that they do to make things easy for you. However, I think, in most cases, it makes it difficult for the trader to pick an account. When you are new to trading, this many choices can be quite confusing for you. If you are ready to sign up with IGC Markets, I am sure you will not be confused.

IGC Markets accounts

The company has simplified things for you by providing you with seven accounts. They have some very different features from each other. The thing about three trading accounts is that making a choice will not be difficult for you. If you are just starting out in the trading world as a first-time trader, I am sure you will love the basic standard account. I have already told you that you can start trading with this company with only a small deposit $250. Despite the small initial deposit, I am glad the company offers you most of its great features even with the basic account.

So, look at the standard account and you will realize that all the assets that are available to an expensive account holder are available to you with the standard account as well. You can trade in any market you like when you sign up with this company. At the same time, you will admire the fact that you don’t have to pay any commissions no matter which account you pick. Just keep in mind that you will not be able to receive daily analytical reports based on the fundamental and technical analyses. If you think you are not a basic trader anymore, you can go with one of the six remaining accounts.

Great Welcome for All

It does not matter which trading account you pick, the company is ready to make it a great experience for you right from the start. Do you know there is a welcome bonus for you when you open a trading account with IGC Markets? This is something I had always found missing with other brokers on the internet. They have other great features, but nothing on IGC Markets because this company offers you all of those features. On top of those features, this firm is ready to take your trading experience to the next level through a welcome bonus.

Yes, there is a bonus for you as soon as you start a trading account with the firm. No, you don’t even have to enter your first trade to get this amazing bonus. You will get it as soon as you make the first deposit in your trading account. I have to emphasize the fact that you will get this bonus no matter which account you sign up with. The best thing is that the bonus percentage increases as you climb higher on the accounts list. Sign up with the standard account to let the company welcome you with 100% bonus on your first deposit.

IGC Markets bonuses

If you go with the second account on the list, which the company likes to call the premium account, your bonus will bump up by 5% and you will get a total bonus of 25%. There is also a 30% bonus for you as soon as you sign up with the most advanced trading account. So, you can see that this company pays a lot of attention to welcoming you onboard with a smile. I wish there were other brokers that were as happy as this company for their new traders.

Ideal Conditions for Trading

At this point, I have to talk about the biggest pain of most traders. When you sign up with online trading services providers, you have to deal with the trading conditions they have created for you. These trading conditions will either let you grow or cause you to fall face down. Yes, I am using those harsh words because I know that’s exactly what happens when a broker is not able to create a good trading platform with great trading conditions. The idea is to provide traders with an environment where they can trade freely and without pressure, and grow with the passage of time.

How does that happen? Well, the first thing you have to know about is the spread that you have to pay on your trades. Spread is the difference in the prices of the assets when you buy them from the broker compared to when you buy them in the free market. There is always going to be a difference, and this is the difference that allows brokerage firms to earn. Now, it is upon the trading platform how much commission or spread it charges you on your trades. In the case of IGC Markets, you have to admire the fact that this company has chosen different spreads for different accounts.

In other words, you can say that this company really knows what its target market is and how it can make their life easier with time. The spreads that you will have to tackle with the basic account can be as low and tight as just 0.1 pips. Yes, with that small amount, you can say that the broker is charging you a negligible sum compared to what other companies charge their traders. Furthermore, you have leverages. With this company, you will get different leverages based on different types of accounts.

If you go with just the standard account, you have leverage of up to 1:100. That’s already a huge margin for any new trader. This means the company will contribute $100 for every $1 that you are willing to manage and spend on a trade. However, this company will take things to the next level by providing you with leverage of up to 1:600 on your trades when you sign up with the advanced trading account.

The Convenient Webtrader

IGC Markets developed their trading platform, tailoring it to new traders. They realized a gap in the market as so many brokerages were offering advanced trading platforms to traders who were completely new to trading the markets. This, unfortunately, has led to many traders losing their investments as the platforms they’re trading on are convoluted. IGC Markets created their trading platform to be web-based, meaning it can be used on any device such as your Mac, Windows-based PC, iPhone, iPad, or Android device. More importantly, they made it super-easy to use. It’s incredibly easy to use, and we can vouch for that as we didn’t have to ask the IGC Markets support team for any advice whatsoever

The trading platform you will get access to when you sign up with IGC Markets is the web-trader. As you can say from the name, it is a trading platform that runs on the web. Is there a huge difference between a web-based trading application and one that you have to download locally on your computer or smartphone? When you consider all the important factors, I have to say that there are some huge differences between the types of applications. The mobile software can only work on your mobile device. This safe software will not run on your Windows device and that’s a huge deprivation.

On the flip side, you have IGC Markets providing you with a web-based trader that you can access from any part of the world using any operating system. First of all, you don’t have to download the platform on your device. Secondly, you can enjoy uniform trading on the same platform no matter how many times you switch your devices. Also, it is quite easy to understand even if you are trading for the first time.

Deposit Methods and Customer Support

Choose a method to deposit funds in your account that you don’t mind. If you like to send money through a credit card, you will love the fact that this company offers you three different cards. You can use the all-time favorite Visa, or go with the next best MasterCard. You also have the option to use a Meastro card. Bank wire transfer is not out of question, and you can use this method when you feel easy. Other than that, you have the customer support department to provide you with all the help you need on working days during the working hours.

Final Thoughts

I have researched many online brokers, and I can tell you from my experience that you will have a hard time finding another broker as good as this one. It is a complete trading platform on the web, requiring you not to download anything locally on your devices. Its leverages are great, the trading conditions are ideal, and the three trading accounts make the signup process easier. At the end, it is up to you to decide. My job was to educate you on IGC Markets and let you make the decision yourself.

Leah Hutton (Luxembourg)

Leah Hutton has recently joined Tokenhell team as a freelance writer. She has comprehensive knowledge of blockchain and various cryptocurrencies.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close