IGM Forex

General Information & Regulation

IGM Forex was founded in 2016, a brokerage house operating for CFD traders based in the European Economic Area (EEA), with headquarters in Limassol, Cyprus. IGM Forex is authorized and regulated by CySEC with CIF license number 309/16. IGM FX offers over 160 tradable assets based on FX, stocks, indices, commodities, and cryptocurrencies, plenty of educational resources, and technical analysis tools.

IGM Forex Market Instruments

There are over 160 tradable assets at IGM FX, including CFDs based on shares, indices, commodities, and cryptocurrencies, on top of the FX offer.

IGM Forex Minimum Deposit

IGM Forex offers four account options: Silver, Gold, Platinum and VIP accounts. 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.

IGM Forex Leverage

In terms of trading leverage, retail customers will benefit from a maximum of up to 1:30 leverage for Forex trading, while for professionals, the maximum leverage is up to 1:400.

Spreads & Commissions

The spreads offered by IGM FX in standard accounts like the Silver and the Gold account sounds way too high, EURUSD 2.5 pips, GBPUSD 2.8 pips, Crude Oil $0.10, and even in its so called VIP account, EURUSD spread from 0.9 pips, GBPUSD from 1.4 pips. In general, spreads are too wide at IGM FX.

IGM Forex Trading Platform

Traders working with IGM Forex are able to trade from the worlds no. 1 platform-MT4 trading platform. MT4 provides more than 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.

Deposit & Withdrawal

The ways traders can deposit funds at IGM Forex are: Bank Transfer, Credit Card, Skrill, Neteller, China Union Pay and Rapido. This is a solid offering, which covers a lot of ground, including some popular e-wallets in the East and the West.

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 brokers main office is in Limassol, Cyprus, customer support is available in English. There is also the ability to fill in a contact form on the website and a representative will reply in due time.