We have warned several times in September 2021 against the IGC Markets (www.igcmarkets.com) broker scam that hunts for new victims via fraudulent marketing campaigns such as Elite Trader or Bitcoin Loophole. The offshore entity MaxxMedia LLC, registered in St. Vincent & The Grenadines, is the alleged operator of the scam. The Austrian Financial Market Authority (FMA) has followed with a warning against IGC Markets today. Do not fall for this scam and avoid registering with fraudulent marketing campaigns at all costs.
The IGC Markets scam has been active for only a few weeks. Currently, there are no reviews on Trustpilot. However, we have found some bought (sponsored) positive reviews like on CryptoCurrency Regulations (here) or CryptocyNews (here) have been published as late as mid-August 2021. MaxxMedia LLC was not registered in St. Vincent & The Grenadines until June 2021 with registration number 1162, according to the Financial Services Authority (FSA). Evidently, the scam is still at the beginning of its dark life cycle.
