IGOFX.com Review

3.105 • 8 REVIEWS
Out of business
Updated: Sep 29, 2022
IGOFX is a forex broker. IGO FX offers MT4 and MT4 mobile top forex trading platform. IGOFX.com offers over 25 currency pairs, cfds on stock, binary option, gold and silver for your personal investment and trading options.
Website is down. Company seems to be out of business.
Out of business

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $1
Established: 2009
Address: Govant Building, BP 1276, Port Vila, Vanuatu
Contact: support@igofx.com
Regional offices:
Regulators: VFSC #14626
Prohibited countries:
Trading platforms: MT4
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes

Trading Instruments

Currencies: (30+)
CFD: (2) Gold, Silver, Stocks

Trading Conditions

EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Local Bank Deposits, PerfectMoney
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Local Bank Deposits, PerfectMoney
* Please check broker website for more information
3.105 • 8 REVIEWS

Recent User Reviews of IGOFX.com

Singapore, Singapore,
Apr 14, 2019,
Registered user


This is a SCAM broker.
Be very careful with them. I lost $ 1000 that does not even have a history of the transaction in 2017.
India, India,
Aug 16, 2017,

SCAM broker

This is SCAM broker !!!

I lost 2000 dollars. First, they created confidence by having a mirror trader called Vladislav.

He bought GBP on election day. Even a novice won't do it considering the volatility of forex market on such events.

and guess what ! he incurred 90% losses that day !

His record was so far was good and he was carefully executing all deals till that day !!

Almost 10000 people were following him and they all lost their money on single day !!

What's more, the deposits that I did were never reflected in my another account. and there is no response from customer care too.

Please stay away from this SCAM broker !!!
Jun 29, 2017,

IGOFX Platform is rigged?

One of the CopyTrade traders, Vladislav, had a rather consistent record for 4 years.
However, an unusual trade was placed on GBP/USD on 8th June 2017 which resulted in 94% wipe-out of funds.

Since then, there are practically no trade movements by all the CopyTrade traders in IGOFX, which fuels the suspicion that the system is rigged.
KL, Malaysia,
Jun 18, 2017,

CopyTrade system STOPLOSS not working causing losing of 94% above

CopyTrade system STOPLOSS not working causing losing of 94% above and complains from investor/trader is not being entertained

Google and read the news yourselve

May 11, 2017 - 5 Stars Great improvement over the year. Broker takes responsibility on investors' side. Fast and efficient. Withdrawal of more than USD $40 Million in 4 days all proceed within 48 hours, 2 weeks expected withdrawal are USD $60 Million within 48 hours. A scammer cannot let you withdraw your capital so fast if they are fake forex brokers. Instead they will close the company and run away as they cannot pay out the investors' capital.
Jun 15, 2017,

"Stop Loss" in CopyTrade is not working even you pre-set it

"Stop Loss" in CopyTrade is not working even you pre-set it. Below is what you got after so-called several day of investigations. Stay away from this broker.

Dear valued customer,

IGOFX would like to announce the outcome of in-depth investigation conducted on trading performance of related Fund Managers who traded GBP related currency pairs during the U.K. Election. Investigation showed that the related Fund Managers attempted to close their trading positions during the occurrence of the unexpected volatile market condition. However, their actions of attempting to close the related trading positions at the expected price range were in vain due to the extreme price movement. Under the circumstance where the fund managers' attempt to perform position closing; the fund managers' direct action on closing trading position has higher priority than investors' pre-setting of investment Stop Loss, which caused the system to execute the fund managers' orders instead of the Stop Loss execution as a duplicate order prevention method. As a result, all related trading positions were correctly closed at a price range where the system managed to execute during the extreme market condition (Best Price Execution).

We would like to remind all that, unusual market conditions such as abnormal spreads, slippage, price gaps, and extreme market volatility are the expected scenarios which shall occur during such critical event. In such extreme market volatile condition, all trading price execution could only depend on the Best Price Execution Policy where the system shall try to secure the nearest price level that the trader needed in order to execute either Stop/Loss or Take/Profit. There could be chances that a trader could not get the price execution that he/she expected. Our investigation concludes that all trading positions were executed correctly under the influence of the unexpected and critical market condition.

Thank you.
sim choo yang
penang, Malaysia,
Mar 16, 2017,
Registered user

fast deposit and withdraw. nice support service. copy trade let all clients earn profit.
Penang, Malaysia,
Jan 15, 2017,
Registered user

Fast withdrawal of money and good copy trade platform with great trader Valdislav. It has generate an optimistic ROI . Thank you IGOFX
KK, Malaysia,
Jan 4, 2017,
Registered user

Forex Peace Army
Review moderation team note
The FPA recommends against using local depositors.  We have seen cases of serious disputes arising where the local depositor and the broker each claims the other has money belonging to clients.