Company Profile
Company Profile
Review summary
Risk Warning
The United States NFA (license number: 0544564)s regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
IMY, a trading name of IMY TECHNOLOGY GLOBAL MARKETS LIMITED, presents itself as a company specializing in forex trading, which is established on December 22, 2021 and registered in the United States. It claims to provide its clients with various tradable financial instruments with flexible leverage up to 200:1 and floating spreads from 0.2 yen on the MT4 trading platforms via two different live account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that IMY holds an unauthorized National Futures Association (NFA) license. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.59/10. Please be aware of the risk.
Market Instruments
IMY advertises that it offers access to a wide range of trading instruments in financial markets, including Forex, Commodities, Stocks, Futures, Stock indexes and Cryptocurrencies.
Account Types
IMY claims to offer Standard and Partner accounts. The minimum initial deposit amount is only $10 for the Standard account. The broker also offers demo accounts, which can be valid for 3 months and you can open a new demo account at any time. Also, you can use up to 3 valid demo accounts at the same time.
Leverage
IMYs website states that the broker offers flexible leverage from 1: 1 to 200: 1. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
IMY claims that the spread starts from a minimum of 0.2 yen and it varies depending on the application account and transaction volume.
Trading Platform Available
The platform available for trading at IMY is one of the most notable and preferred trading platforms the market offers - MetaTrader4 for Desktop Terminal, Mobile iOS and Mobile Android. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
IMY says to offer a wide variety of deposit and withdrawal methods such as various credit cards, various electronic payment methods, overseas remittances, domestic remittances, and other payment methods. The minimum initial deposit requirement is said to be only $10.
The broker says it does not charge any fees for the deposit methods. However, it charges the withdrawal fee - 0.35% remittance fee for Dollar account and 0.3% remittance fee for Yen mouth. Customers under JPY 50,000 will be charged a remittance fee of JPY 3,000.
Time that the funds to be credited to the bank account depends on the country of destination. Bank transfers usually take about 3 business days to arrive within the EU, but in some countries it may take 5 business days. Withdrawal application will be processed by our back office within 24 hours. Bank transfers and credit/debit cards usually take 2-5 business days.
Customer Support
IMY‘s customer support can be reached by email: info@imyltd.com. Company address: 1090 HOMER STREET SUITE 300 VANCOUVER, CA. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.
Pros & Cons
