IGFB Review

About IGFB

IGFB is not regulated by any recognised financial authority. The United Kingdom’s Financial Conduct Authority (FCA) issued a warning published 23 July 2021 stating that the entity “IGFB World” (operating via domains such as igfb.one and igfb.world) is providing financial services in the UK without authorisation, leaving clients without access to the Financial Services Compensation Scheme or the Ombudsman Service .

The Germany Federal Financial Supervisory Authority (BaFin) also issued a warning on 2 May 2022 declaring that IGFB does not have authorisation under the German Banking Act (KWG) to conduct banking or financial services .

The Italian regulator (CONSOB) has blacklisted IGFB, noting that it operates under the brand of Seabreaze Partners Ltd without authorisation, and the broker’s domain has been subjected to a blackout order .

IGFB claims to be based in the Commonwealth of Dominica at “8 Copthall, Roseau Valley, 00152,” but Dominica lacks a financial regulatory framework for forex brokers .

Trading conditions advertised by IGFB include a minimum deposit of USD 250, spreads around 3 pips (e.g., EUR/USD), leverage up to 1:100 or even 1:500 in some claims, and a proprietary web-based trading platform (Webtrader). There is no mention of MetaTrader 4/5, Islamic/swap-free accounts, negative balance protection, segregated accounts, or investor compensation , , .

Pros and cons

Pros

• Advertised minimum deposit of USD 250 

Cons

• No regulation or licensing; multiple regulatory warnings from FCA, BaFin, CONSOB , , 
• No investor protection; no segregated accounts; no negative balance protection , 
• High spreads (~3 pips), excessive leverage (1:100–1:500), questionable withdrawal practices, and lack of demo or Islamic account options , 
• Based in an offshore jurisdiction with no regulation, potential association with known scam group Seabreaze Partners Ltd