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Step by step Trading Guide with IGM FX

IGM FX

IGM FX is a broker that has been in business since 2016. IGM FX has a competitive advantage in the cryptocurrency market, where it manages 33 assets. For new retail traders, the total asset selection is competitive.

The Cyprus Securities and Exchange Commission (CySEC) regulates IGM FX and issues licence number 309/16. The broker observes all of the relevant laws and regulations for operating within the European Union as a result of this regulation.

This includes having a minimum capital of €730,000, segregating customer accounts, and reporting to the regulating authority on a daily, weekly, and monthly basis. On all client accounts, IGM FX additionally offers negative balance protection.

Clients can feel safe trading with IGM FX because it is a licenced and regulated CFD broker. Any funds that are deposited are safe. IGM FX is also a member of the Investor Compensation Fund, which covers all client accounts up to €20,000 in the event that the broker runs into financial difficulties.

A proprietary platform demonstrates that the broker is committed to improving the trading experience, and given the enormous investment made in its development, IGM FX is clearly here to stay. IGM FX has the groundwork to become a market leader, thanks to its fundamental advantage of cryptocurrencies. 

IGM FX is suitable for millennial traders, and its teaching area is full of short films (under 60 seconds) that are perfect for a young audience. For Forex traders, the broker offers a unique asset variety as well as leverage. For commodity CFDs, IGM FX maintains a competitive offer.

What are the tradable assets with IGM FX?

IGM FX offers six main asset classes as well as over 160 unique assets.

There are six asset classes available from IGM FX. These are:

  • For more than 45 currency pairs, Forex CFDs are accessible.
  • There are over 30 different cryptocurrency CFDs available.
  • CFDs on metals, energies, and soft commodities are available to trade.
  • CFDs on global equity indices are available in a wide range of options.
  • CFDs on around 75 different stock options.

How to trade Bitcoin with IGM FX?

Customers have access to a sizable Bitcoin cryptocurrency market. Traders get access to over 30 different cryptocurrencies. Some of the crypto market’s trading characteristics include:

Traders can trade Bitcoin cryptos from any location and on any device that has an internet connection.

For Bitcoin cryptocurrency traders, the broker does not charge any hidden fees or commissions. It assists consumers who want to trade Bitcoins in the most efficient manner possible, making their trading experience both convenient and interesting. In a nutshell, the broker’s fee has no bearing on your profit.

Traders can use CFDs to trade and make more money than they expected

 Steps for trading:-

  • Open an account with an IGMFX broker because it is the best trading platform with incredible features.
  • Fill out the IGMFX application form, which includes information such as the trader’s name, country, and address, among other things.
  • After that, the trader must complete a questionnaire that includes questions about the trader’s trading goals and ambitions.
  • Document verification is required by the trading platform. In this phase, the trader must provide proof of identity in the form of a government ID.
  • Finally, the trader must pay the platform’s initial trading fee, after which the trader must invest the funds in trading.

How to buy stocks in different stock markets with IGM FX

Before you begin investing in the stock market, you must first establish your objectives. It’s a situation where a fraction of a per cent increase or decrease in volatility can influence how much a trader can lose or make. Stock trading benefits can be influenced by analytical signals, economic calendars, trading environment updates, and other tools and features.

Any society’s wheels of growth are governed by trade, which allows for the accumulation of riches. A market is a location where any type of transaction can take place. The market is determined based on the type of goods. The stock market, for example, is a location where stock trading takes place.

The market is divided into two types: organised and unorganised. A regulated market is one that has a set of rules and regulations that every entity functioning in the market must follow, and it usually has a regulatory agency to ensure that they are followed. An unorganised market lacks strict rules and regulations, and even if it had, compliance was not required.

  • Through the contract for differences, you can trade more than thirty stock goods. The goal is to give a trader more power.
  • IGM FX and its CFDs allow you to invest in a variety of international corporations.
  • Take charge of your trading and decide where you want to put your money.
  • You can increase your profits by diversifying your investments across multiple companies.
  • Increase the size of your portfolio by investing in stocks with annual transactions worth trillions of dollars.
  • The spreads are adaptable in this case.
  • Stop loss is available.

Which Trading Platform does IGM FX offer? 

IGM FX provides its clients with two platforms: the industry-leading MetaTrader 4 platform and their own customised platform. More than 30 built-in indicators, comprehensive charting tools, six different execution types, customisable alerts, and access to the sophisticated MT4 Expert Advisors are available to MetaTrader 4 traders.

The MT4 Webtrader is a truly practical and adaptable browser-based trading platform that allows you to place trades with ease while also providing you with a comprehensive and wonderful chart system to analyse price movements.

One no longer needs to use your own PC or PC to access your trading account with the MT4 Webtrader; instead, you may log in from any PC and access your trading account.

The desktop, web-based, and mobile trading platforms all offer all of this. These many platforms also communicate with one another, allowing traders to access their accounts and positions regardless of which platform they are on at any given time. Place a trade on your PC at home, then close it from your mobile app while you’re out for lunch. When trading with IGM FX, you’ll always have access to the power of MT4.

FX traders will be able to use the award-winning MetaTrader 4 platform at IGM. This isn’t a terrible thing for one of the most popular and award-winning trading platforms. MetaTrader 4 includes 9 time frames, Expert Advisors for automated trading, over 30 built-in indicators, and the MQL marketplace, where traders may find thousands of custom-built indicators and EAs.

IGM FX offers the MT4 platform in desktop, mobile, and web versions, allowing traders to choose their preferred distribution. Prospective customers can test out any of them by registering for a demo account, which takes less than a minute.

It’s tough to match MetaTrader 4’s tremendous features, which is why it’s been the preferred trading platform for over 15 years.

What are the commission and spreads of IGM FX?

 IGM FX offers Forex traders a commission-free trading environment. The EUR/USD has a minimum spread of 2.5 pips and a maximum spread of 0.9 pips. With a minimal mark-up of 0.21 points, equity CFD traders have a reasonable offer, but the actual mark-up is likely to be somewhat greater. In line with competitive brokers, commodity traders will have the best cost structure.

IGM FX applies swap rates to leveraged overnight positions and forwards corporate movements such as dividends, mergers, and stock splits to customer accounts. Withdrawal fees are charged by IGM FX. A €20 charge is applied after 30 days of inactivity, followed by an extra €10 every ten days.

Leverage refers to obtaining a specified quantity of money in order to invest in something. Cash is usually obtained via a broker in the case of FX. Forex trading provides tremendous leverage, as a broker may develop—and control—a large amount of money for a little initial margin.

Is IGM FX Good for Trading?

 IGM FX seeks to provide traders with a competitive and reliable trading environment in accordance with rules.

If you want to make a name for yourself in the competitive investing sector, you must join an online brokerage firm like IGM FX that will guide you to success. It walks traders through its many features and offerings, all of which are fantastic when utilised.

IGM FX collaborates with investors to give you exquisite comfort and trading circumstances. It is available to all kinds of modifications and adjustments that meet the needs of traders. You can improve your trading talents by using various analytical tools, differentiating devices, and educational hubs.

It permits you to take control of the market from any angle by utilising a variety of instruments and assets. The services offered here are all-inclusive and designed to meet the needs of market participants.

Is IGM FX Scam or Safe?

IGM FX is a CySEC (Cyprus) licenced Forex broker that acquired its licence number 309/16 in 2016. It’s a legitimate business that follows all of the EU’s norms and regulations. 

The above-mentioned requirements include 730 000 EUR in minimum capital, customer account segregation, personnel qualification standards to meet, daily trading reports to produce, and so on. 

Negative Balance Protection of the clients’ accounts is also required of licenced brokers, which means that if and when the balance in the account becomes zero, the broker must bring it back to positive without charge. There’s also a 50 per cent stop-out level from the available balance, as well as other customer-protection features.

If you deposit with IGM FX, your funds may be deemed safe because it is a licenced, approved and regulated Forex broker that can guarantee the security of traders’ funds.

The broker is CySEC-approved, separates client funds from business funds, and offers negative balance protection. It has all of the necessary legal paperwork on its website.

IGM FX is a member of the Investor Compensation Fund, which is regulated by CySEC and covers client deposits of up to 20 000 EUR per person. 

Each EU member state is required to run such insurance funds, which are seen as a last alternative for traders in the event that a Forex broker is unable to fulfil its financial responsibilities. The United Kingdom has also established a fund called the Financial Services Compensation Scheme, which covers clients’ funds up to 85 000 GBP per individual.

Conclusion

IGM FX is a reliable broker that serves the European Economic Area. While it is unfortunate that others outside of that economic area are unable to benefit from their services, it is encouraging that they are able to concentrate their efforts on delivering the best possible service to the clients who may register and trade with them. 

There are numerous assets to choose from, as well as the outstanding MetaTrader 4 trading platform. The CySEC regulation is reassuring, and the fact that there are four different account categories is appealing to traders who value the added benefits that come with the higher-tier accounts.

Expanded customer assistance hours would be beneficial, and while the over 160 assets currently available are sufficient for continuously finding trading opportunities, a larger stock variety would be welcome.

In the end, we’d trade with IGM FX, especially if we wanted to make use of the MetaTrader 4 Web Trader and mobile app.

IGM FX appears to be a decent alternative for anyone seeking a broker in the EEA countries, based on all of the features we researched from this regulated and renowned CFD broker. Clients can use the MetaTrader 4 trading platform, as well as a variety of assets, including the newest cryptocurrencies and educational materials.

The educational materials will be especially beneficial to beginners, but any trader should be able to benefit from the value provided by IGM FX.

IGM FX seems to be a well-regulated and trustworthy European trading brand, consistent with the newest regulation in several EEA nations, based on all of the criteria we examined. Customers can take advantage of dependable trading software, a wide range of instruments, instructional resources, and 24-hour customer assistance.

Trade can get tricky but educational assistance backed by research and analysis plays a great role in assisting traders in ways beyond comprehension because these online educational gimmicks work in the background.

Emma Hoxha, a self-taught forex trader and author from the US, inspires others with her journey in the financial markets. Through dedication and self-education, she has developed a deep understanding of forex trading. Emma shares her expertise through insightful articles and books, empowering individuals to take control of their financial futures. As an active participant in the trading community, she provides guidance and support to aspiring traders, demonstrating that success is attainable through passion and perseverance.

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