Reported as a scam / unregulated
Why IGCOEX is on the register
IGCOEX claims to be operated by IG GLOBAL LIMITED with an address in Hong Kong. However, no corresponding records can be found in the register of Hong Kong Securities and Futures Commission (SFC). Therefore, there is no indication that IGCOEX is licensed in or from this jurisdiction. It is illegal. BrokersView becomes aware that this platform is using a similar name to the regulated forex broker IG, in an attempt to create the false impression that they are in connection with the licensed one. However, the reality is that IG has nothing to do with IGCOEX at igcoex.com. In essence, IGCOEX is not regulated by any governing body. Entrusting this broker with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. IGCOEX is unequivocally a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.