IGM FX Review

Details

Broker IGM FX
Website URL https://www.igmfx.com/
Founded 2016
Headquarters Fragklinou Rousvelt 108, A.T. Stavrinides, Office 201, 3011 Limassol, Cyprus
Support Number +357 25252371
Support Types Phone , Live chat , Email
Languages 6 Languages supported
Trading Platform WebTrader, MetaTrader 4, and mobile app
Minimum 1st Deposit 100 USD/EUR/GBP
Minimum Account Size 100 USD/EUR/GBP
Bonus No bonus
Leverage Up to 1:30 (retail) and 1:400 (professional)
Spread Floating
Free Demo Account Yes
Regulated Yes
Regulation Authorised and regulated by the Cyprus Securities and Exchange Commission with CIF license number 309/16
Account Types Silver , Gold , Platinum , VIP
Deposit Methods Credit/debit card , Bank wire , Skrill, Neteller , e-wallets
Withdrawal Methods Credit/debit card , Bank wire , Skrill, Neteller , e-wallets
Number of Assets 160+
Types of Assets CFDs on Forex, Stocks, Indices, Commodities, Metals, and Cryptocurrencies
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 95

Pros

  • Regulated by CySEC and registered with multiple EEA regulators
  • 24/7 all-inclusive support
  • FX, shares, cryptocurrencies, commodities, and indices CFDs available

Cons

  • Around 160+ instruments are supported
  • Only residents in the EEA can open an account

IGM FX is a brokerage house operating for CFD traders based in the European Economic Area (EEA), with headquarters in Limassol, Cyprus. The operating company is regulated by CySEC with CIF license number 309/16 and at the same time, has licenses with many European regulators, having the ability to provide trading services in a personalized fashion.

The main IGM FX mission is to provide traders with all the means, allowing them to focus on trading goals. Constantly providing high-quality services on the broker’s agenda and it does so via 24/7 all-inclusive support, 160+ tradable assets based on FX, stocks, indices, commodities, and cryptocurrencies, plenty of educational resources, and technical analysis tools.

IGM FX logo

At the same time, in line with the latest European regulation, IGM FX customers are divided into retail and professional, depending on their previous trading background. Are you looking for a new FX and CFD broker that’s regulated and trusted? Read our full IGM FX Review to find out more about this brand.

Trading Platforms

Traders working with IGM FX are able to trade from the world’s no. 1 platform. MetaTrader 4 (MT4) provides 30+ indicators and its EA compatible, advanced charting, free trading analysis tools, multiple execution and order types, as well as customizable push notifications and alerts. Via the platform, access to all 160+ available markets is granted with no limitations.

Alongside MT4, IGM FX also has a web-trading solution that does not require any installation. This is a proprietary browser platform available with no download, compatible with any device, including Android or iOS. With a user-friendly web interface, 3-clicks transactions, stop loss and take profit calculators, new limit order provided, and plenty of other tools, the IGM FX Web Trading Platform is a good option to rely on.

Mobile trading is possible either via the mobile versions of the MT4 or the WebTrader. It does not matter if you have an Android or iOS device- IGM FX makes sure that you can have access to your account at any point, keeping a close eye on the market performance.

IGM FX MetaTrader 4

Account Types

Both retail and professional customer can choose between 4 different account types:

  • Sliver
  • Gold
  • Platinum
  • Vip

IGM FX account types

There are differences between them with regards to spreads, the minimum deposit required, and other premium features such as trading signals, full account overview, VIP webinars, dedicated account manager, or dedicated senior account manager.

However, all customers get access to all assets available, negative balance protection, free support, and trading education. To fund an account, credit/debit card, wire transfer, Skrill, and Neteller, are the options currently available.

To upgrade an account to professional, traders must comply with the latest European requirements. As a result, they need to meet at least 2 of the following requirements:

  • They opened at least 10 transactions of $4,000 or above (stocks, crypto), and or $18,500 (FX or commodities) every 3 months in the past year;
  • They have prior experience working in the financial or CFD markets of at least one year;
  • Their portfolio is working 500,000 or more.

Trading Conditions

The IGM FX forex offer covers tens of different CFDs based on currency pairs. Traders have the opportunity to trade with leverage on majors, minors, and exotics, with competitive spreads, depending on the account type chosen. Retail customers will benefit from a maximum of 1:30 leverage for FX, while for professionals, the maximum leverage is 1:400.

IGM FX encourages responsible trading via plenty of educational resources and tools designed to keep risk under control. Diversification capabilities are granted because the offer includes 160+ CFDs based on shares, indices, commodities, and cryptocurrencies, on top of the FX offer.

Trading eBooks, live webinars, and trading video tutorials are provided for those wanting to learn more about the markets. In terms of trading analysis resources, IGM FX offers daily chart analysis, market news, an economic calendar, and trading calculators.

Customer Support

One of the best things about IGM FX is the 24/7 customer support service. Clients are able to get in touch with a representative via email, phone, or live chat. Because the broker’s main office is in Limassol, Cyprus, customer support is available in English. There is also the ability to fill in a simple contact form on the website and a representative will reply in due time.

Summary

Based on all the features we’ve analyzed, IGM FX proves to be a well-regulated and trusted European trading brand, compliant with the latest regulation in different EEA countries. Its customers can take advantage of reliable trading software, diversified instruments, educational resources, and customer service that’s available 24/7.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

 

Visit Broker

Leave a Comment

24 Forex Secrets Copyright © 2017.