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IMARKETS

Seychelles|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://imarkets.in/

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info@imarkets.in
https://imarkets.in/
126 Victoria, Mont Buxton, Seychelles

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No valid regulatory information, please be aware of the risk!

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Company Name

imarkets.in

Company Abbreviation

IMARKETS

Platform registered country and region

Seychelles

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-02-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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IMARKETS · Company Summary

Aspect Information
Company Name IMARKETS
Registered Country/Area Seychelles
Founded Year 2022
Regulation Lack of regulatory oversight
Market Instruments Forex, CFDs
Account Types CTRADER ACCOUNT, RAW SPREAD ACCOUNT
Minimum Deposit $200
Maximum Leverage 1:500
Spreads CTrader Account: From 0.0 pips, Raw Spread Account: From 0.6 pips
Trading Platforms MetaTrader 4 (MT4)
Customer Support Email: info@imarkets.in

Overview of IMARKETS

IMARKETS, established in 2022 and based in Seychelles, operates in the financial markets, offering Forex and CFD trading. With account types like CTRADER and RAW SPREAD, traders can start with a minimum deposit of $200 and access a maximum leverage of 1:500.

The trading platform, MetaTrader 4 (MT4), provides users with a familiar interface. While the platform presents competitive spreads, starting from 0.0 pips on CTRADER and 0.6 pips on RAW SPREAD, it operates without regulatory oversight, which can be a drawback for those seeking additional safeguards. Customer support is available through email at info@imarkets.in.

Overview of IMARKETS

Is IMARKETS legit or a scam?

IMARKETS operates without regulation from any regulatory authority, raising potential issues regarding the transparency and oversight of the exchange. Unregulated platforms lack the robust supervision and legal safeguards provided by regulatory bodies, introducing an elevated risk of fraud, market manipulation, and security breaches.

The absence of proper regulation also presents challenges for users in resolving disputes and seeking recourse. Furthermore, the lack of regulatory oversight contributes to a less transparent trading environment, creating difficulties for users to evaluate the legitimacy and reliability of the exchange. It is crucial for users to carefully consider these factors before engaging in trading activities on unregulated platforms like IMARKETS.

Pros and Cons

Pros Cons
User-friendly MT4 platform Lack of regulatory oversight
Competitive leverage Limited educational resources
Wide range of trading assets available Not available in some countries or regions

Pros:

1.User-friendly MT4 Platform: IMARKETS offers a user-friendly trading experience through the MetaTrader 4 (MT4) platform. This renowned platform is known for its intuitive interface, advanced charting tools, and ease of use, providing traders with a comfortable and efficient environment for executing trades.

2. Competitive Leverage: IMARKETS provides competitive leverage options, allowing traders to potentially amplify their market exposure. This feature enables users to control larger positions with a relatively smaller amount of capital, enhancing the potential for profit. Traders should employ risk management strategies when utilizing leverage.

3. Wide Range of Trading Assets Available: IMARKETS offers a various array of trading assets, providing users with the opportunity to engage in various financial markets. This includes Forex, commodities, indices, and cryptocurrencies, allowing traders to build a diversified portfolio based on their investment preferences.

Cons:

1.Lack of Regulatory Oversight: One notable drawback is the absence of regulatory oversight for IMARKETS. The platform operates without regulation from any official financial authority, which is an issue for traders seeking the additional safeguards and transparency provided by regulated platforms.

2. Limited Educational Resources: IMARKETS falls short in providing comprehensive educational resources for traders. Access to educational materials, tutorials, and market insights is essential for traders, especially those new to the financial markets, to enhance their understanding and decision-making capabilities.

3. Not Available in Some Countries or Regions: IMARKETS is not accessible in certain countries or regions, limiting its availability to a global audience. This restriction can be a drawback for potential users who reside in areas where the platform is not accessible.

Market Instruments

IMARKETS offers a selection of trading assets primarily focused on Forex and Contracts for Difference (CFDs). In the Forex market, users can engage in currency trading, taking advantage of the dynamic fluctuations in exchange rates. This allows traders to speculate on the movements of various currency pairs.

Additionally, IMARKETS provides access to CFDs, enabling users to trade on the price movements of various financial instruments without owning the underlying assets. This includes commodities, indices, and stocks. The platform's emphasis on Forex and CFDs offers users a range of trading opportunities within these markets.

Market Instruments

Account Types

IMARKETS provides a range of account options for varying trading preferences and styles.

CTRADER ACCOUNT:

With a maximum leverage of 1:500, this account requires a minimum deposit of $200. The minimum spread starts from 0.0, and the products available for trading include currency pairs and Index CFDs. The commission for this account is $3.0.

RAW SPREAD ACCOUNT:

This account offers a maximum leverage of 1:500 with a minimum deposit requirement of $200. The minimum spread starts from 0.6, it does not involve any commission charges, offering a commission-free trading experience. Users opting for the Raw Spread account will find it suitable for its potentially lower spreads and commission-free structure.

Account Type CTRADER ACCOUNT RAW SPREAD ACCOUNT
Maximum Leverage 1:500 1:500
Minimum Deposit $200 $200
Minimum Spread From 0.0 From 0.6
Commission $3.00 $0.0 (Commission-free)

How to Open an Account?

  1. Visit IMARKETS Website:

  1. Navigate to the official IMARKETS website to initiate the account opening process.

2. Select Account Type:

Choose the desired account type based on your trading preferences, such as the CTrader Account or Raw Spread Account.

3. Complete Registration Form:

Fill out the online registration form with accurate personal information, including your name, contact details, and residence.

4. Submit Identification Documents:

Upload the necessary identification documents, which typically include a valid government-issued ID, proof of address, and any other documents specified by IMARKETS.

5. Fund Your Account:

Deposit the minimum required amount into your chosen account using the available funding methods. IMARKETS accepts various payment options such as credit/debit cards or bank transfers.

6. Start Trading:

Once your account is verified and funded, you can log in to the trading platform provided by IMARKETS and begin executing trades based on your chosen account type and preferences.

Leverage

The maximum leverage offered by IMARKETS is 1:500. This leverage ratio allows traders to potentially amplify their market exposure, enabling them to control a larger position size with a relatively smaller amount of capital.

While high leverage can enhance profit potential, it also comes with increased risk, as losses can also be magnified. Traders should carefully consider their risk tolerance and employ risk management strategies when utilizing leverage to ensure a balanced and informed approach to their trading activities on the IMARKETS platform.

Spreads & Commissions

IMARKETS provides traders with various account options, each with its own specific fee structure. The CTrader Account features a commission of $3.0 and boasts spreads starting from 0.0 pips. On the other hand, the Raw Spread Account is commission-free with a spread that begins at 0.6 pips. The choice between these accounts depends on individual trading preferences and strategies.

For traders seeking potentially lower spreads and are comfortable with paying a commission per trade, the CTrader Account is suitable. This account type is favored by more active traders who prioritize tight spreads and are accustomed to managing transaction costs.

Conversely, the Raw Spread Account, with its commission-free structure, will appeal to traders looking for a straightforward fee model without additional transaction charges. This account type could be attractive to those who engage in larger volumes of trades or prefer a more predictable cost structure.

Trading Platform

IMARKETS operates on the MetaTrader 4 (MT4) trading platform, a widely used and established platform in the financial industry. MT4 is known for its user-friendly interface, extensive charting capabilities, and a range of technical analysis tools. Traders on the IMARKETS platform can benefit from real-time market quotes, multiple order types, and automated trading through Expert Advisors (EAs).

MT4 provides a stable and reliable environment for executing trades, and its popularity stems from its versatility and compatibility with various trading strategies. Traders utilizing IMARKETS on the MT4 platform can access a range of financial instruments, including Forex, commodities, indices, and cryptocurrencies.

Trading Platform

Customer Support

IMARKETS offers customer support through email at info@imarkets.in. Users utilize the provided email address to seek assistance, inquire about platform-related matters. It is advisable for users to contact the platform directly for more comprehensive information on the customer support services available and the expected response times through the provided email channel.

Conclusion

In conclusion, IMARKETS presents itself as a trading platform with distinct advantages and disadvantages. On the positive side, the user-friendly MetaTrader 4 (MT4) platform offers traders a familiar and efficient interface, facilitating trade execution. The provision of competitive leverage and a range of trading assets further enhances the platform's appeal, enabling users to explore various financial markets.

However, the absence of regulatory oversight raises issues about the platform's transparency and user protection. Traders should carefully weigh the potential risks associated with unregulated platforms. Additionally, the limited educational resources on IMARKETS will hinder the learning curve for newer traders, as comprehensive educational materials play a crucial role in building traders' knowledge and skills.

FAQs

Q: What trading platform does IMARKETS use?

A: IMARKETS utilizes the MetaTrader 4 (MT4) platform for trading.

Q: Is IMARKETS regulated?

A: No, IMARKETS operates without regulatory oversight.

Q: What is the minimum deposit for IMARKETS accounts?

A: The minimum deposit requirement for IMARKETS accounts is $200.

Q: Are there educational resources available on IMARKETS?

A: IMARKETS provides limited educational resources for traders.

Q: How can I contact customer support at IMARKETS?

A: You can reach IMARKETS customer support via email at info@imarkets.in.

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FX1589079135
more than one year
MARKETSx is honestly a pretty dull platform. I didn't have any expectations, and it managed to meet them perfectly. Nothing exciting or noteworthy to report. It's just there, doing its thing. Wouldn't recommend it if you're looking for something more engaging.
2024-01-05 23:36
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