iGain Markets Review

About iGain Markets

iGain Markets Limited is registered in Saint Vincent and the Grenadines with an address at First Floor, First Saint Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines. It offers trading via MetaTrader 5 (desktop, iOS, Android, web) with two account types—Raw and Standard. The Raw account requires a minimum deposit of either $50 or $100 (sources differ), features spreads from 0.1 pips and charges a commission of $6 per lot; the Standard account requires a similar deposit, offers spreads from 1.0 pip and charges no commission. Maximum leverage is up to 1:500, minimum position size is 0.01 lot. Available asset classes include forex, indices, commodities, and cryptocurrencies. Accepted deposit and withdrawal methods include bank wire, MasterCard, and crypto (Bitcoin, Ethereum), with processing times of 0–1 business day.

iGain Markets does not hold any regulatory license from recognized authorities. Claims of registration with the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under license number 26465BC2021 cannot be verified in the SVG FSA register. Regulators have no record of this license. The broker is therefore unregulated, and there is no investor protection, client funds segregation, or participation in compensation schemes.

Pros and cons

Pros

• Access to popular MetaTrader 5 platform across multiple devices.
• Competitive trading conditions: Raw account with spreads from 0.1 pips plus $6 commission; Standard account with spreads from 1.0 pip, no commission.
• Wide range of asset classes offered, including forex, indices, commodities, and cryptocurrencies.

Cons

• No regulation or licences from recognized financial authorities; claims of SVG FSA registration are unverified.
• Absence of investor protection, client fund segregation, or compensation scheme.
• Use of high leverage (up to 1:500) significantly increases risk for traders.