Note: iForex Gain' official website: https://iforexgain.com/ is currently inaccessible normally.
iForex Gain Information
iForex Gain claims to be a UK-based brokerage company but resources have it that the company was actually registered in the offshore Marshall Islands. It mainly offers trading services in forex, commodities, indices, stocks, cryptocurrencies and requires a minimum deposit of £100. These are all the info we can get from the Internet due to the unavailable website of the broker so far.
What's worse, the absence of regulation further exacerbates its credibility and reliability that it's warned the broker might be a scam. So we warmly suggest you to be wise and stay away from the broker.
Regulatory Status
Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of iForex Gain, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.
Downsides of iForex Gain
Unavailable website: iForex Gain' website cannot be opened currently, which indicates possibility of cease of operation.
Regulatory concerns: The broker operates with no valid regulation currently, meanig that it might not comply to financial rules and customer protection. This heightens trading risks with them.
Limited transparency on trading conditions: The broker does not disclose necessary info on trading conditions such as account details, leverage, spreads, commissions, etc.
What Can I Trade on iForex Gain?
iForex Gain provides trading services to several trading instruments, mainly in 5 asset classes.
Forex: Forex, or foreign exchange, is the global marketplace for trading national currencies against one another, facilitating international trade and investment.
Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type, such as precious metals as well as energyproducts like crude oil.
Stocks: Stocks represent ownership stakes in large companies such as Apple, Tesla etc..
Indices: Indices are statistical measures that represent the performance of a group of stocks.
Cryptos: Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on decentralized networks based on blockchain technology.
When dealing with investment activities, always adhere to the principle of diversification by allocating funds across various products rather than concentrating on a single one you feel optimistic about.
Account Type
The broker does not disclose any information about its accounts and trading conditions. What we can only get is that the minimum deposit to start a trade is £100, basically the average level of the industry.
