iGlobal Company

iGlobal Forex Broker - Complete Information Guide

1. Overview of the Broker

iGlobal, officially known as Imperium Forex Group Pty Limited, was established in March 2017. The company is headquartered in Hong Kong, with a primary focus on providing forex trading services. As a privately held entity, iGlobal caters to a diverse clientele, including retail traders and institutional investors, aiming to facilitate access to global financial markets.

Over the years, iGlobal has developed its operations and established a footprint in the forex trading sector. It has been active for approximately 5 to 10 years, during which it has aimed to offer competitive trading conditions and a range of financial instruments. However, the broker has faced scrutiny regarding its regulatory compliance and operational transparency, raising concerns among potential clients.

The business model of iGlobal primarily revolves around retail forex trading, but it also extends its services to institutional clients, providing tailored solutions to meet their trading needs. Despite its relatively short history, iGlobal has positioned itself in the market, targeting traders looking for forex and CFD trading opportunities.

2. Regulatory and Compliance Information

iGlobal operates under a suspicious regulatory license and is not regulated by any top-tier financial authority, which raises significant concerns about its legitimacy. The broker's regulatory index stands at 0.00, indicating a lack of oversight from reputable regulators.

The primary regulatory body associated with iGlobal is the Australian Securities and Investments Commission (ASIC), but it is categorized as a suspicious clone of a licensed entity. The license number associated with its operations is 000398528, which belongs to Mitrade Global Pty Ltd, a different entity.

The broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations has been questioned, as there is insufficient information on its practices in these areas. Furthermore, client funds are reportedly not segregated, which raises additional risks for investors. iGlobal does not participate in any investor compensation schemes, making it critical for potential clients to exercise caution.

3. Trading Products and Services

iGlobal offers a variety of trading products, primarily focusing on forex currency pairs. The broker provides access to a wide range of currency pairs, although the exact number is not specified in the available data. Additionally, iGlobal offers Contracts for Difference (CFDs) across various asset classes, including:

• Indices
• Commodities
• Stocks
• Cryptocurrencies

The broker aims to update its product offerings regularly, although specific details on new additions or updates are not disclosed. Retail trading services are a significant part of iGlobal's business, alongside potential offerings for institutional clients. However, there is no mention of white-label solutions or asset management services in the current offerings.

4. Trading Platforms and Technology

iGlobal supports the widely recognized MetaTrader 4 (MT4) platform, which is favored by many traders for its user-friendly interface and robust trading tools. The broker may also have proprietary trading platforms, although specific details about these platforms are not provided.

The trading environment includes a web-based platform and mobile applications for both iOS and Android devices, allowing traders to access their accounts and execute trades on the go. The execution model is primarily Market Making, which may influence the spreads and trading conditions offered to clients.

The broker's technical infrastructure includes servers located in Australia, which is essential for maintaining low latency and efficient trade execution. Furthermore, iGlobal supports API access for automated trading, catering to more advanced traders looking to implement algorithmic trading strategies.

5. Account Types and Trading Conditions

iGlobal provides various account types to cater to different trading needs. The standard account conditions include:

• Minimum Deposit: Not specified
• Spreads: Variable, but specific details are not provided
• Commissions: Not mentioned

In addition to standard accounts, iGlobal may offer advanced account types such as VIP or professional accounts, although details are lacking. There is also mention of Islamic accounts, which cater to traders seeking Sharia-compliant trading conditions.

The availability of demo accounts allows traders to practice their strategies without financial risk. Leverage ratios vary across different products, but specific figures are not disclosed. The minimum trade size and overnight fees are also not clearly defined in the available information.

6. Fund Management

iGlobal supports several deposit methods, including:

• Bank Transfers
• Credit Cards
• E-Wallets

The minimum deposit requirements vary by account type, but specific amounts are not detailed. Deposits are generally processed quickly, with most transactions occurring instantly, although third-party fees may apply.

Withdrawal methods include the same options as deposits, but restrictions and processing times are not clearly outlined. iGlobal does not specify any withdrawal fees, but clients should be aware of potential charges from their payment providers.

7. Customer Support and Educational Resources

iGlobal offers customer support through various channels, including:

• Phone
• Email
• Live Chat
• Social Media

The service hours and time zone coverage are not explicitly mentioned, but the broker aims to provide timely assistance. Multilingual support is also not detailed, which may limit accessibility for non-English speaking clients.

Educational resources provided by iGlobal include webinars, tutorials, and eBooks, aimed at enhancing traders' knowledge and skills. Additionally, market analysis services such as daily reports and research publications may be available, although specifics are not provided.

Trading tools like calculators and economic calendars are likely offered, helping traders make informed decisions.

8. Regional Coverage and Restrictions

iGlobal primarily serves clients in Australia and Hong Kong, with a focus on the Asia-Pacific region. However, the broker does not accept clients from certain jurisdictions, although specific countries or regions are not listed in the available information.

The broker's regional offices are not clearly defined, which may pose challenges for clients seeking local support. Special restrictions may apply based on regulatory requirements in various countries, necessitating careful consideration for potential clients.

In summary, while iGlobal presents itself as a forex broker with a range of services, the lack of regulatory oversight and transparency raises significant concerns. Potential clients should conduct thorough due diligence before engaging with iGlobal broker to ensure their investments are secure.