Scammed in forex?

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Scammers are more active than ever, as more and more people want to make money trading stocks and currencies. In the EU countries every day there are new scam artists who swindle other people's money. IG-Canada Forex broker is not an exception, so no one recommends it for cooperation. It has a bad reputation, problems with payments, negative reviews.

Why is IG-Canada Forex broker is a scam?

There is no information about potential losses, and the company also promises instant profit from the first trade. Here's what else points to fraud:

  • limitations . IG-Canada is a fraud and it does not allow the use of many strategies, and also, if you manage to apply for a payout, you can only request a certain amount;
  • calls from hidden numbers. On the IG-Canada website there are no official contacts of the company, as well as intelligible information about its activities;
  • the support service ignores customers' appeals (do not forget that IG-Canada is a fraud and all of it are normal for them). It does not answer to anyone, and you can contact the operators only by e-mail;
  • false data publishing. IG-Canada is a scam and its quotes are very different from the market;
  • no payouts. Applications are not even reviewed, but blocked immediately. IG-Canada is a scam that lures with promises but does not pay out money.

The company will be a good partner for those who are used to giving money to strangers for nothing. This is a scammer, so if you do not want to become bankrupt, just bypass it.

IG-Canada Forex broker licenses

The company has no documents that would confirm its legitimacy. It is not controlled by the regulator, does not publish reports, and has no licenses valid in the EU. IG-Canada is a scam, which means it is not the best option for cooperation.

Registration and overview of the IG-Canada Forex broker’s personal cabinet

The process is simplified and consists of filling out a small questionnaire where you just need to provide your phone number and name. This is alarming, as is the request to provide a bank statement. The personal cabinet has a stylish design, but it looks unfinished. The history of trading operations is not displayed, the balance status cannot be checked either. Charts are practically not loaded, there is no communication with the support service. IG-Canada is a scam, so it is better to refrain from cooperation.

Terms of work with Forex broker IG-Canada

The user agreement is as unclear as possible. Obligations of the parties are not spelled out, commissions are not indicated, and there is no information about tariffs on the IG-Canada website Training is paid, access to analytical materials too. Leverage is not adaptive, but standard for all. The company provides false guarantees, promises instant profits, limits the use of strategies, and also publishes outdated analytics. Although the fees are low, they are charged arbitrarily, and their size depends on the type of transaction. Reviews about IG-Canada reported that most of the shares are unavailable and the company actively offers investing in unknown assets.

Types of trading accounts at IG-Canada Forex broker

The terms are not spelled out anywhere, so it is quite difficult to understand the tariffs, but, here are the types of accounts the broker has:

  • standard;
  • silver;
  •  gold;
  • platinum;
  • premium.

In fact, if you think of it this way, they differ only in the size of the initial deposit, as IG-Canada Forex broker does not offer anything interesting. If there are any bonuses, you won't be able to use them anyway.

Trading terminals at Forex broker IG-Canada

The software looks familiar, because the company offers to download and install MetaTrader. Only not the original version, but a copy that is customized so that traders lose money. IG-Canada is a fraud, so you should not expect anything else from it.

Terms and conditions of account replenishment and refund at IG-Canada Forex broker

Financial transactions are conducted through little-known payment systems, which do not provide for refunds. Also, the company offers to conduct transactions through the cards of employees, which, of course, is not mentioned on the IG-Canada website The manager simply contacts the client and offers this option, which allows to bypass commissions. IG-Canada is a fraud, and here no one gets a refund or compensation, as there is no regulator control, and the interests of clients are not protected in any way.

Verification at IG-Canada Forex broker

The company operates illegally and therefore verification is quite specific. To confirm your identity, you need to provide not only the standard set of documents, but also your bank account statement and card details.

IG-Canada Forex broker additional services

The company imposes strategies, various schemes and tools to make instant money. This is not very normal behavior, especially for a supposedly licensed broker. Plus, here they do not just keep silent about risks, but convince you that there are none. There is no information on the IG-Canada website about potential losses, but a lot of promotional offers, as well as unnecessary fictional success stories. Forex broker IG-Canada can offer:

  • account management. This means that the trader's presence is not required, and everything will be done for him by a manager who asks for a small fee for his services. Sounds great, but in reality it leads to additional expenses and losses;
  • risk-free transactions. The broker periodically has such offers aimed at additional earnings (of course, his). He promises compensation if the trader suffers losses, but he does not provide it to anyone;
  • paid courses with nothing useful but outdated information.

IG-Canada is a fraud, which does not care about security, sells irrelevant data, and imposes dubious schemes.

Reviews about IG-Canada Forex broker

No one recommends the company for cooperation. Traders are not satisfied with the quality of service, plus, there are significant problems with payments and security. In negative reviews about IG-Canada write this:

  • trades can close arbitrarily, and orders are executed extremely slowly;
  • Forex broker IG-Canada imposes non-existent financial products, as well as additional services in the form of insurance, account management, etc.;
  • presence of hidden fees, additional commissions, invented penalties;
  • difficulties with access to a significant number of tools, because most of them are provided on a paid basis;
  • intrusive behavior in social networks.

Moreover, IG-Canada reviews reported that the company does not publish expert comments, and quotes differ significantly from the market.

Conclusions about Forex broker IG-Canada

The company pretends to be a licensed intermediary, which in principle has never been. The services are provided illegally in the EU, there are problems with payments and security. Negative reviews about IG-Canada, indicate a low level of trust on the part of clients, which is not surprising in principle. The broker has a site without a secure connection, and client data is actively transferred to third parties. IG-Canada is a fraud with which you can lose your money.


  • Question: Can I request any payout amount?
  • Answer: No. There are restrictions and a number of additional conditions.
  • Question: Is the broker officially registered?
  • Answer: There is no information about it.
  • Question: How long does it take to process a request?
  • Answer: It is difficult to answer, because in most cases it is just automatically rejected.
  • Question: Can I expect at least half of the sum to be compensated?
  • Answer: No. The broker does not provide for such compensation.
  • Question: Has anyone been lucky enough to get their earnings?
  • Answer: No.


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