iGain Markets -Overview of Minimum Deposit, Spreads & Leverage

General Information

iGain Markets is allegedly a broker based in Saint Vincent and the Grenadines that provides its clients with the worlds renowned MetaTrader5 trading platform, leverage up to 500:1, tight spreads on a wide selection of tradable assets, as well as a choice of two different account types and 24×5 customer support services.

Market Instruments

iGain Markets advertises that it offers a wide range of trading instruments in financial markets, including forex, indices, commodities (precious metals, energy and agricultural products), cryptocurrencies and more.

Account Types

There are two live trading accounts offered by iGain Markets, namely Raw and Standard. Opening any account type requires the minimum initial deposit amount of $50 or equivalent.

Leverage

The maximum leverage ratio provided by iGain Markets is much higher than most brokers, up to 500:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads and commissions are influenced by what type of accounts traders are holding. iGain Markets reveals that the spreads in the Raw account start from 0.1 pips with a $6 commission per lot, while the clients on the Standard account with spreads from 1.0 pip and 0 commission.

Trading Platform Available

When it comes to trading platforms available,iGain Markets gives traders the worlds most widely-used MetaTrader5 platform. There are four different versions: MT5 for Windows, MT5 for iOS, MT5 for Android and Web Terminal. Known as one of the most successful, efficient, and competent forex trading software, MT5 offers a smart, intuitive platform for multi-asset trading, featuring 21 time-frames, 80+ pre-installed indicators and more. With MT5 mobile versions, trading can be done from anywhere and at any time through the right mobile terminals.

Deposit & Withdrawal

iGain Markets accepts deposits and withdrawals via Bank Wire, MasterCard and cryptocurrencies like Bitcoin, Ethereum and more. All deposit or withdrawal requests will be processed between 0-1 business day.

Customer Support

iGain Markets customer support can be reached through telephone: +442045773355, email: support@igainmarkets.com or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Facebook, Instagram, YouTube and LinkedIn. Company address: First Floor, First Saint Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines.