General Information
ITGMarket is an offshore forex broker registered in the Saint Vincent and the Grenadines, allegedly giving their clients access to a large selection of investment options, mainly some popular currency pairs and some cryptocurrencies.
ITGMarket is owned and operated by Dev Global LLC, a company registered in the Saint Vincent and the Grenadines, and it is not subject to any regulation. Thats why WikiFX has given it a very low score of 1.02/10. Please be aware of the potential danger.
Account Types
Classic, Gold, Platinum and VIP accounts are available options for both retail and professional clients. The minimum deposit amount specifies the account type, and the initial capital required by each account is crazily high, with the Classic accounts from 5,000 euros, the Gold accounts from 25,000 euros, the Platinum accounts from 100,000 euros, the VIP accounts from 250,000 euros.
Few genuine brokers would ask for so high initial deposits. Please be aware of the risk.
Spreads & Commissions
Spreads on major forex pairs seems average, with EUR/USD pair starting from 0.8 pips, GBP/USD pair from 1.8 pips, EUR/GBP pair from 1.3 pips, GBP/JPY from 2.8 pips, AUD/JPY from 1.8 pips. While crypto trading fees varies depending on the type of cryptocurrency in which you are interested.
Other fees
Other fees including deposit and withdrawal, inactivity fees are free of charge, according to ITGMarket.
Leverage
When it comes to leverage, ITGMarket provides its customers with access to 1:500, which is far greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
Payment methods
The minimum deposit to get started with ITGMarket is 5,000 euros, and clients are allowed to make a deposit and withdrawal through VISA, and MasterCard only.
Trading Platform
ITGMarket does not specify what trading platform it provides, which is quite disappointing.
Customer Support
If you have any inquiries or trading-related issues, you can either call this broker at +447360517823 or send an email through support@itgmarket.net.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
Frequently Asked Questions
What items can I trade with on ITGMarket？
ITGMarket provides access to currency pairs and cryptocurrencies mainly.
What is the minimum deposit required by ITGMarket？
With ITGMarket, the minimum deposit amount is 5,000 euros.
What is the maximum leverage available？
With the ITGMarket, clients can use the maximum trading leverage up to 1:500.
