There is no information on the IGOFX website indicating who owns or runs the business.

The IGOFX website domain (“igofx.com”) was first registered on August 13th, 2012.

The domain registration were last updated on February 16th, 2017. The IGOFX domain registration is set to private, providing no information on who owns it.

Under the company name “IGO Global Limited”, IGOFX have registered themselves as a “dealer in securities” in Vanuatu.

That IGOFX have used a shell company to register with the Vanuatu Financial Services Commission is highly suspicious.

Alexa currently estimate that Malaysia is the largest source of traffic to the IGOFX domain (55%). China is the second largest source of traffic coming in at 19%.

It is highly likely that whoever is running IGOFX is based out of Malaysia.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

IGOFX Products

IGOFX has no retailable products or services, with IGOFX affiliates only able to market IGOFX affiliate membership itself.

The IGOFX Compensation Plan

IGOFX affiliates invest $100 or more on the promise of a passive monthly ROI of between 10% and 30%.

IGOFX affiliates earn a 5% referral commission on funds invested by personally recruited affiliates.

Residual Commissions

IGOFX take 10% of monthly ROI payments to affiliates and use them to pay residual commissions.

These residual commissions are paid out via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

IGOFX cap payable unilevel levels at four, with commissions paid out as a percentage of monthly ROIs earned by unilevel team affiliates:

level 1 (personally recruited affiliates) – 5%

level 2 – 3%

levels 3 and 4 – 1%

Note that residual commissions are not paid out to IGOFX affiliates who have not recruited at least three affiliates who have invested.

MT4 Trades

In addition to passive ROI payments, IGOFX affiliates can also “mirror” trades fed to them by the company.

This is achieved through third-party MT4 trading software, with performance varying from month to month.

Joining IGOFX

IGOFX affiliate membership is tied to a minimum $100 investment.

Conclusion

Following in the footsteps of the collapsed
VenusFX
and
FX United
Ponzi schemes, IGOFX follows the standard modus operandi of Malaysian forex scams.

Set up a company website, fill it with generic information about forex, register yourself in a jurisdiction unlikely to detect fraud and proceed to scam Malaysians and victims from neighboring countries.

Bo

🤖 Quick Answer

What is IGOFX and its registration status?
IGOFX is a forex trading platform that registered as a dealer in securities under the company name "IGO Global Limited" with the Vanuatu Financial Services Commission. The igofx.com domain was first registered in August 2012, with private registration details that conceal ownership information.

What are the traffic patterns for IGOFX?
According to Alexa analytics data, Malaysia represents the largest source of traffic to the IGOFX domain at approximately 55%, followed by China at 19%. These statistics suggest significant user concentration in Southeast Asian markets.

What concerns exist regarding IGOFX's operational structure?
IGOFX lacks publicly available ownership information on its website. The use of a shell company registration in Vanuatu, combined with private domain registration and domain updates occurring in February 2017, raises questions about the transparency of the

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