Overview of Imperial Finance Group
The broker Imperial Finance Group or IFG, in short, is operational from the overseas country of Saint Vincent and the Grenadines. There are three completely different trading accounts that require massive initial findings. It claims to provide zero spreads and exciting leverages. Nevertheless, it is an unlicensed forex broker. Its an effective analysis is presented in this Imperial Finance Group review. We want our followers to be safe and secure that’s why we are emphasising on staying away with it. Read full Imperial Finance Group review here.
About Imperial Finance Group:
The initial investment of $1000, $5000, and $10000 is necessary to access Classic, Investor, and VIP trading accounts respectively. The trading conditions like spreads awarded and leverages given on the official website that is mentioned above are very satisfying. However, more on it will be discussed in a detailed fashion afterword. To compose an impartial and truthful review we must examine all the possible pros and cons of Imperial Finance Group.
We should start with the possible pros of it. The broker offers to trade on the intelligent and simplified trading terminal entitled the Meta Trader. In short MT, it is the most powerful trading application complied with several outstanding features like Expert Advice, Automatic Trading Strategies, One of a Kind Chartings, and above 60 Market Indicators to facilitate seamlessly profitable trading. Leverage levels of 100:1 are offered and they are favourable to many traders.
Now its time to shed some light on all the cons of the broker. The corporate structure is a mess and the credibility of IFG is very low. Because it is operational from the territory of SVG from where almost every broker turns out to be a scam. Additionally, it has been blacklisted by Spanish financial authority labelled CNMV for giving illegal trading access to traders in its jurisdiction. The spreads offered on the trading platform are different from what is claimed on the site. We saw spreads of 1.9 pips on the official fx pair of EURUSD. The initial investment of $1000 to access basic account provided by a non-regulated broker is insanely high. Also, the trading assets we saw on the trading platform was very limited.
Is Imperial Finance Group scam or legit?
Yes, IFG is a potential scam broker 2020. The reasons are low credible regulation status, blacklisted by CNMV, fake spreads advertised, and higher initial investments.