The company invites traders to trade cryptocurrency and CFDs “on an innovative platform with artificial intelligence.” It is worth noting that the project was allegedly launched back in 2016 and has attracted either 21M or 30M clients, according to data on different pages of the website. In addition, its trading activities are regulated by FISEU. However, there is no data on the website about the legal entity’s registration and the firm’s location.
How reliable is this service? In our Finance IG review, we will answer the question about the legitimacy of the broker and the quality of user service on this resource.
How to Trade
Online investors can exchange, buy/sell cryptocurrency assets on a “powerful yet convenient platform”. CFD trading includes currencies, commodities, stocks, and indices. The Finance IG provides services:
- Instant payment system.
- 4 types of trading accounts, differentiated by margins of 25%-75%.
- Investments in shares without commission.
- Currency converter with exchange rate of more than 70 currencies to euros.
- Demo account of Arionfx trading platform for $100,000.
The broker offers clients to set Take Profit and Stop Loss parameters with automatic investment protection.
Users get access to the Trading Academy, the latest news and research on the cryptocurrency market. The company promises to provide all clients with a personal manager and multilingual support.
Finance IG Vital Info
The owners of the site do not provide any information about themselves. It is worth noting that the “innovation project” has no means of communication other than a request form indicating the user’s email information.. Even though the intermediary claims to have started working in 2016, the registration documents of the firm are not publicly available. However, we can determine the start date of the project by the domain, which was created no earlier than the end of March 2024.
Where is the headquarters of the firm located? The company’s place of incorporation also remains shrouded in mystery. We tried to find Finance IG in the global registry of legal entities, but we failed due to the lack of a brand registration number. As for the license allegedly issued by a certain regulator, FISEU, which does not have the best reputation, we also did not find either a link or a copy of the document.
I deposited $250 and decided to trade here to test the terminal, but I didn't like the program. I drained $187 and wanted to withdraw the rest of the balance, so as not to completely lose the entire balance. However, FINANCE IG didn't let me make a withdrawal, the managers started calling continuously from unknown numbers, I didn't pick up the phone at first, but then I decided to find out who it was. I found out that they were calling me for the reason of making a withdrawal. They asked me not to withdraw my deposit, and promised that if I also deposited some money, FINANCE IG would give me bonuses, as well as insurance against losses, the managers also said that they would help me to trade with profit. I agreed to all these offers, but quickly realized that I had deposited another $150 for nothing. It was impossible to work off the bonuses here, that is, they attached a heavy anchor to my deposit, and on their recommendation, I lost $94 again. I asked to withdraw at least the rest of my money, but these crooks refused me because I did not fulfill their conditions.
I heard not the best reviews about this service. However, I was overconfident and decided to open an account at financeig.com. I soon realized that this site is run by a group of scammers who pretend to be a decent company. In reality, they are just fraudsters who count on customers being inexperienced and gullible. I had to lose almost $4,000$ to realize that this is a SCAM! The fraudsters have the following plan: first they establish contact with people through social networks, then they start to get attention to themselves with phone calls or emails, showing pictures of big payouts to Finance IG clients. After traders deposit money, the broker first simulates trading and lets you earn more and more profits as long as you do not withdraw funds. However, as soon as I submitted a request to withdraw almost all my money, the scammers blocked my account access and took away all my money. The tech support operator explained to me that I allegedly violated the Finance IG Rules and used the imperfection of their trading program. It's a shame that I can't hold the scammers accountable for these tricks. Everything they tell me is a lie!
This is not a bad broker. Finance ig has instant order execution and almost no requotes. Withdrawals work clearly here. I deposited/withdrew funds for $6,000 - $7,000, and it turned out that such transactions are not a problem for the broker, it executes them promptly. I will note from the disadvantages that sometimes the Finance ig terminal slows down, but this is a minor defect, all brokers have such moments. You should just refuse to trade during market news :)
I traded for one week on a demo account and I had no problems. I saw instant execution without requotes, trades closed instantly, spread was acceptable and the chart changed smoothly and beautifully. In opposite on the real account I couldn't stand 2 weeks, lost my 350$ and decided to leave finance ig. There were constant delays, some slowdowns. This terminal is not the most stable, it often lags, I saw constant requotes, although my internet is fiber optic, so it's definitely not about it. I contacted technical support several times, but there are two answers - "requotes always happen in the fast market" or "the problem is on your side". I did not withdraw the rest of my deposit, there were a few dollars left. I realized that finance ig company has been on the market since 2016 - this is a lie. The company employs only professionals with vast experience, as stated on the website, which is also a lie - the tech support staff cannot informatively answer any of my questions. I have the impression that this organization was created as if for a couple of weeks. Not only operators are not competent, but they also confuse the name of the company :( Do not believe that financeig.com is an innovative platform, it's a banal SCAM!!!
This trading terminal is complete nonsense, it seems to work fast but with errors. I think that there is nothing better than Metatrader and it is unlikely to be in the foreseeable future. The administrators say that all trades are immediately transferred to interbank trading, but I do not understand, where are the slippages and requotes coming from?!! I opened several trades that should have been profitable, but due to inaccurate execution, I only lost my money on this platform, although at another broker I would have definitely earned in a similar situation. They refused to refund my money to me and I lost €306.