Alert! The Fraudulent Platform Uses Multiple Websites to Pose as IG, a Trader Scammed

In the forex market, there is no shortage of scammers who impersonate legitimate and reputable brokers to commit fraud. The scammers counterfeit the logos and even misuse the details of authentic brokers to pretend to be reliable and trustworthy. BrokersView found an imposter of the well-known broker IG Group and received feedback from a victim. 

About igwold.com/igmkfx.com/globalfds.net

The fake broker posing as the real broker IG has three different website domains, which share an identical appearance and content. The fraudulent platform attempts to mislead and deceive traders by employing the same logo, similar website color and design as IG Group and to create an illusion of being legitimate.

The fake IG, offering forex, oil, metal, and indices to trade, claims to provide the most extreme trading experience for customers, including top-level technical support, 24-hour round-the-clock customer support, and direct docking with MT5. Boasting of its ability to ensure the safety of client funds, the broker touts its convenient and fast account opening and payment. However, if you want to contact the platform, you can only do so via email and their live chat will just direct you to a blank page.

Is igwold.com/igmkfx.com/globalfds.net Regulated?

In its Regulatory section, the platform presents a registration ID with the National Futures Association (NFA). The certificate provided shows that the company, named FXR6, operates as a Commodity Pool Operator and Commodity Trading Advisor. However, the NFA ID it provides appears to be for tracking purposes only, as the company is not an NFA member and is therefore not subject to the authority's oversight.

Except that, no specific company profile and regulatory information can be found on all these websites, and even the office address is unknown. The platform is unregulated and interaction with these websites carries significant risk.

Trader’s Feedback

According to the trader's feedback, he traded on one of the websites, https://igwold.com/en?q=en, the platform froze his account holding $75,000 for suspected inside trading, which was not the case. He was told that if he deposited 20% of his account balance they would immediately unfreeze his account and he would be able to withdraw all funds. Regarding the deposit, it would stay on hold for 72 hours before no suspicious trading activities were found and it would be refunded back to the trader’s trading account after that, the scammers said.

Fortunately, the trader realized that it was a scam and did not follow the scammers’ demands in this way.

Suspicious Domains

The platform’s domains were registered either in late 2023 or early 2024, indicating a young age of operation which goes against its claim of being “the most trusted broker with world-class trading experience.”

Bottomline

None of these websites discloses the brand name, and they try to pass themselves off as a well-known broker and also lack the necessary regulatory authorization, which poses a huge threat to investors’ financial security. It is necessary to stay away from them. 

Feedback from the trader to BrokersView alerts investors that the platform is indeed fraudulent and that there is little hope of recovering funds lost on this platform due to the lack of regulatory oversight.