Top Rated IGM FX

IGM FX

IGM FX is the leading online brokerage platform provider that started its operation with the intention to offer all...
  • 250

    Min Deposit

  • 0.07

    Min Spread

  • 2020

    year

  • 1k

    Customer

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Overall Ratings

3.9

1 Ratings & 1 Reviews

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Assests
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A Brief History

IGM FX is the leading online brokerage platform provider that started its operation with the intention to offer all advanced financial services to its customers situated at Limassol Cyprus. It is regulated by CySEC under license number 309/16. Also, it is a trading brand of popular IGM forex ltd. The same company monitors all operations and payments across the European economic area.

It provides a wide range of CFD trading instruments, including forex, commodities, stocks, cryptocurrencies, metals, indices, etc. Through its core account types known as Silver, Gold, Platinum, and VIP Account. Further, IGM FX offers relatively less commission and spread and allows clients to execute hassle-free trades in financial markets.

The broker IGM FX allows traders to trade on globally popular and most used platform MetaTrader 4 for WebTrader and mobile app. The broker’s website, educational and research sector are quite impressive and informational. It also has a dedicated and responsive support team.

IGM FX Scam or Safe?

IGM Forex is located in Limassol, Cyprus, and regulated and authorized by Cyprus Securities and Exchange Commission( CySEC) under the license number 309/16. The famous IGM Forex Ltd is a parent company of IGM FX, the company responsible for providing services in the European economic area. The forex broker is a member of the Investor compensation fund. It also uses segregated accounts of top-tier financial institutions to deposit clients’ funds.

Additionally, it also uses advanced technology and an encryption system to protect the client’s data.

Thus this regulation from Cyprus of IGM FX makes it the Safest venture for investors and traders; they can trust the broker and start their fruitful trading journey with IGMFX.

IGM FX Trading Account:

IGM FX provides core types of client accounts with advanced trading features and services, and grants access to a wide range of instruments through different financial markets. Every account has its own characteristics and comes with additional benefits and attractive accounts named Silver Account, Gold Account, Platinum Account, and VIP Account. Each account has different features for retail and professional clients. Let’s look at the features of trading accounts.

Silver Account:

Silver account is perfect for the novice who has just started or is learning the trading process. This account type comes with limited features but is ideal for the initial traders. Some of the features are as follows:

Retail Customers:

  • Minimum deposit: $ 250
  • Maximum Leverage: 1:30
  • Spread: Floating
  • Stop out: 50%
  • Margin call: 100%
  • Platform: MetaTrader 4
  • Minimum Volume Per Trade: 0.01
  • Maximum Volume Per Trade: 50
  • Free Support
  • Negative Balance Protection
  • Free Trading Education

Professional Customer:

  • Minimum fee: $ 250
  • Maximum Leverage: 1:400
  • Spread: Floating
  • Stop out: 20%
  • Margin call: 100%
  • Platform: MetaTrader4
  • Minimum Volume Per Trade: 0,01
  • Maximum Volume Per Trade: 50
  • Free Support
  • Negative Balance Protection
  • Free Trading Education

Gold Account:

This account type is better than the Silver account type and comes with additional features, and is ideal for traders who have some experience in the financial market. Some of the features are as follows:

Retail Customer:

  • Minimum deposit: $ 250
  • Maximum Leverage: 1:30
  • Spread: Floating
  • Stop out: 50%
  • Margin call: 100%
  • Platform: MetaTrader4
  • Minimum Volume Per Trade: 0.01
  • Maximum Volume Per Trade: 50
  • The customer gets free Support
  • Negative Balance Protection
  • Free Trading Education
  • Educational Webinar

Professional Customers:

  • Minimum fee $ 250
  • Maximum Leverage: 1:400
  • Spread: Floating
  • Stop out: 20%
  • Margin call: 100%
  • Platform: MetaTrader4
  • Minimum Volume Per Trade: 0,01
  • Maximum Volume Per Trade: 50
  • Senior account manager
  • Negative Balance Protection
  • Free Trading Education
  • Educational Webinar

Platinum Account:

This account type is perfect for seasoned traders and comes with all the advanced and essential trading features and services. Some of the features as follows:

Retail Clients:

  • Minimum fee: $ 250
  • Maximum Leverage: 1:30
  • Spread: Floating (better than the other two account types)
  • Stop out: 50%
  • Margin call: 100%
  • Trading Platform: MetaTrader4
  • Minimum Volume Per Trade: 0,01
  • Maximum Volume Per Trade: 50
  • Free Support
  • Negative Balance Protection
  • Free Trading Education
  • Educational Webinar
  • Trading Signals via SMS from MTE
  • Full account overview Monthly
  • VIP Webinars
  • Dedicated manager

Professional Customers:

  • Minimum fee: $ 250
  • Maximum Leverage: 1:400
  • Spread: Floating (better than the other two account types)
  • Stop out: 20%
  • Margin call: 100%
  • Platform: MetaTrader4
  • Minimum Volume Per Trade: 0,01
  • Maximum Volume Per Trade: 50
  • Free Support
  • Negative Balance Protection
  • Free Trading Education
  • Educational Webinar
  • Trading Signals via SMS from MTE
  • Full account overview Monthly
  • VIP Webinars
  • Dedicated manager

VIP Account:

This type of account type is the most incredible option offered by the broker, which is not given by the industry’s regular other brokers. This account comes with extraordinary features, and trading options are best for making your trading journey unique. Some of the features such as account size, stop loss, and charges are as follows:

Retail traders:

  • Minimum deposit: $ 250
  • Maximum Leverage: 1:30
  • Spread: Floating (Much better than the other account types)
  • Stop out: 50% for retail traders
  • Margin call: 100%
  • Trading Platform: MetaTrader4
  • Minimum Volume Per Trade: 0,01
  • Maximum Volume Per Trade: 50
  • Free Support
  • Negative Balance Protection
  • Free Trading Education
  • Educational Webinar
  • Trading Signals via SMS from MTE
  • Full account overview Weekly
  • VIP Webinars
  • Dedicated account manager
  • Senior Dedicated account manager
  • Low inactivity fee
  • VIP deposit methods credit or debit card, credit card, bank wire, and many more
  • Withdrawal methods credit card, debit card, Maestro, Mastercard and many more

Professional traders:

  • Minimum deposit: $ 250
  • Maximum Leverage: 1:400
  • Spread: Floating (Much better than the other two account types)
  • Stop out: 20%
  • Margin call: 100%
  • Trading Platform: MetaTrader4
  • Minimum Volume Per Trade: 0,01
  • Maximum Volume Per Trade: 50
  • Free Support
  • Negative Balance Protection
  • Free Trading Education
  • Educational Webinar
  • Trading Signals via SMS from MTE
  • Full account overview Monthly
  • VIP Webinars
  • Dedicated account manager
  • Senior dedicated account manager
  • Low inactivity fee

Demo account

A demo account is for both beginners and experienced traders. If you are a beginner you can practice trade through this account. On the other hand, if you are a seasoned trader you can use this account to compare services of IGM fx with others. However, you will find the broker the best in the field.

Tradable Products:

This CySEC regulated broker IGM FX allows its clients to explore a wide range of 165+ assets cfds through different financial markets like forex, crypto, metals, stocks, indices, and commodities. The detailed products information and specifications are as follows:

Cryptocurrencies:  

Customers get access to the significant cryptocurrency market. Traders can trade more than 30+ crypto. Some of the trading features of the crypto market:

  • Traders get access to trade cryptos from anywhere and any device with an internet connection.
  • The broker doesn’t charge any hidden fees or commissions for traders trading on the cryptocurrency. It supports customers who are willing to trade cryptocurrencies in the best possible ways and makes their trading journey convenient and exciting. In short, we can say no charge of the broker impacts your profit money.
  • Traders can trade via means of CFDs and make better gains than anticipated.

Commodities:

Customers get access to explore trading with a good range of commodities. The brokers offer more than 15+ commodities like Cocoa, Crude Oil, Energies, Agricultural products, etc.

  • A trader gets access to over fifty best-trading markets, where more than a hundred commodities are traded daily.
  • The scope is generous with various agricultural and other products available for trading and growing the portfolio.

Forex:

IGM FX is one of the most popular forex brokers. It offers a wide range of currency pairs for trading with advanced trading features.

  • 40+ Currency pairs to trade on CFDs
  • The most liquid and volatile market can make your life pleasanter if you prefer tools from IGMFX.
  • The broker secures you up with its features and ability to access the financial market through Android and iOS operating systems. You can control your deals via PC, MAC, Tablets, or Smartphones.
  • It offers multilingual customer support.
  • The maximum leverage offered by the broker for trading forex is the best in the industry.

Stocks:

The broker offers a good range of assets to trade stocks with CFDs.

  • 30+ trading assets from different index markets.
  • Flexible spreads are available.
  • You can invest in several multinational companies through IGMFX and its CFDs.

Note: Trading all these tradable assets such as stocks, forex, cryptocurrency, metal, commodities through CFDS carries a high risk of losing money. So, think before reaching any decision.

Trading Platform:

The broker offers globally used and appreciated MetaTrader 4 trading platforms for WebTrader and Mobile trading applications. The broker’s trading platform has all the advanced trading features and tools to enhance the customer’s trading experience.

WebTrader Trading Features:

  • Intuitive web interface
  • Access 160+ available markets
  • Webtrader requires no downloads
  • 3-clicks transactions
  • Stop loss and get profit tools
  • New limit orders
  • Cross-platform trading through any device
  • Free educational materials
  • Enhanced Security
  • Countless Analytical tools
  • Dedicated live support
  • Full track record for your trading positions

MetaTrader4 Mobile App Trading Features:

  • Multiple chart windows
  • Best browsing experience
  • Real-time balance level
  • Updates on trading conditions
  • In-platform price alerts
  • One tap account switching
  • Built-in platform support
  • Live chat
  • One-Click mobile trading
  • Nine different time frames
  • Technical Indicators
  • Trade notification
  • Full track record for your trading positions

Different leverage as per assets:

  • Cryptocurrency Trading : 1:200
  • Forex Trading: 1:400
  • Indices Trading: 125
  • Stocks Trading: 50
  • Commodities Trading: 125

Note: Trading on leverage brings along a high risk of losing money. More than 75% of traders lose money trading on high leverage. So, use leverage wisely and take each step cautiously.

IGM FX review: Deposit and Withdrawals:

The broker offers a wide range of payment options for depositing and withdrawing funds.

  • Visa
  • Mastercard
  • Bank wire transfer
  • Credit/ Debit Card
  • Neteller
  • Skrill
  • VPay

IGM FX allows charge-free deposit and withdrawal. Customers might get charged as the inactivity fees or might when there are withdrawals less the 50 EUR. The payment processing timings are based on different payment options.

Research:

IGM FX research section is extremely useful and outstanding that helps traders analyse the financial market correctly. With the help of analytical tools, traders can predict their entry and exit points. The research section must have every broker, but not all brokers offer only top brokers providing all the necessary tools and resources that can increase the profit possibility. IGMFX is the leading online broker that offers all the required technical and fundamental tools like an Economic calendar, report seasoned calendar, daily news, etc.

Education:

IGM FX has the most useful and wide range of educational resources, which helps traders understand the different financial markets’ dynamics. They can understand and execute differently profitable trading strategies. Online trading is wholly based on trading strategies, so, to become successful in the financial markets, traders will have to develop different trading strategies. The broker’s educational resources can help traders to learn all these strategies. IGM FX offers the following wide range of educational support:

  • VOD
  • Tutorials
  • Videos
  • Seminars
  • Live Webinars
  • E-books
  • Courses

Customer Support:

This CySEC regulated broker IGM FX has a highly dedicated and efficient customer support service. When we tried to reach out to the support team, we got a reply within no time and firmly solved our queries. Traders can connect them via direct support types phone, chat, Email, and the broker’s social media handles.

Contact information:

  • Email: [email protected]
  • Telephone: +357 25252371
  • Address: 5, Matheou Matheou Str., Agiou Athanasiou Industrial Area, Limassol, 4101, Cyprus.

Review IGM FX: Final Thought

Here was the detailed IGM FX review based on the different features and services. This Limassol Cyprus situated firm is a leading and innovative CFD provider that offers a wide range of trading instruments with advanced trading platforms and services. The financial service provider offers commission-free trade, deposits, and withdrawals. The education and research section offered by the broker is exceptional. The essential part of IGM FX is the safest venture for all types of traders from novice to seasoned. Above all, it is regulated by CySEC’s authentic financial authority in the trading arena.

Pros

Cons

Costs & Fees
5

The broker offers commission-free trading; traders have to pay some spreads or swap charges. The spread starts as low as 0.7. The spreads charged by the broker are different for every asset and are floating. And also spreads are different for every account type. The platinum account holder clients get less charged. The spreads charged by the broker are relatively less compared to other brokers in the industry.

The broker’s maximum leverage is 1:400 for professional clients, whereas for retail clients it offers 1:30. It also provides leverage according to the assets and differs the margin for the different assets. 

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  1. Jun Leavy

    I invested a total of $75,000.00USD worth of Bitcoin with an online company who does trading and was guaranteed a payout of 25% a week. They ended up shutting down their company website but their website was still running. So I could still see my dashboard at that time and instead of paying weekly they ended up compounding my money. It ended up compounding to $179,000USD so I requested for a withdrawal which was declined before they shutdown their website, I complained to my colleague at work who directed me about this recovery expert, Mr. Jim Kim that helped him, i contacted him immediately, what surprised me most that I recovered my money that same week. You can contact him at [email protected] and he will assist you on the steps to recover your invested funds.
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