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IMS FX

United Kingdom|5-10 years|
Regulated in United Kingdom|Suspicious Regulatory License|MT4/5 full license|Chinese market only|United Kingdom Appointed Representative(AR) Revoked|Suspicious Overrun|High potential risk|

http://zh.imsforex.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
IMSFX-Demo MT4
Server Location Hong Kong

Contact

service@imsforex.com
http://zh.imsforex.com/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

IMS FX LTD

Company Abbreviation

IMS FX

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

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IMS FX · Company Summary

General Information & Regulation

General Information & Regulation

IMS FX, a trading name of IMS FX LTD, is a Chinese capital brand that is established in London in 2013. It claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads from 0.8 pips on the MT4 trading platform, as well as a choice of three different live account types and 24/7 customer support service. Here is the home page of this brokers official site:

General Information & Regulation

As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc. Note that the broker says it offers the worlds leading MetaTrader5 trading platform.

As for regulation, it has been verified that IMS FX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.97/10. Please be aware of the risk.

General Information & Regulation
General Information & Regulation

Market Instruments

IMS FX advertises that it mainly offers four different asset classes, including forex, precious metals, crude oil and stock indices.

Market Instruments

Account Types

IMS FX claims to offer demo accounts with $10,000 maximum virtual funds. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less. The minimum deposit for a Standard Account is $200 or currency equivalent, while $10,000 and $20,000 for the Premium and GTS Account respectively.

Account Types

Leverage

Leverage is adjusted based on balance and certain assets. For the Standard Account, IMS FX provides leverage up to 1:500, while precious metals are fixed at 1:100. Leverage for Premium Accounts is reduced to 1:200 for Forex, 1:50 for precious metals, and 1:20 for indexes. In the best GTS Account, leverage has been further reduced to 1:100, precious metals also 1:100, and other CFD assets are at 1:20. 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 & Commissions

IMS FX says that it does not charge any commission and the minimum spread is as low as 0.8 pips. Also, all spreads are a floating type and scaled with the accounts offered. Just take the EUR/USD currency pair as an example, the minimum spread is 1.6 pips on the Standard Account, 1.3 pips on the Platinum Account and 0.8 pips on the GTS Account.

Spreads & Commissions
Spreads & Commissions

Trading Platform Available

MetaTrader4 platform is the only platform supported by IMS FX, available for Windows, Mac and smart devices running on Android or iOS. There is also a web version of MT4 that does not require any download or installation.

In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Trading Platform Available

Deposit & Withdrawal

IMS FX offers only two payment options, Credit/Debit Cards, and Bank Transfers. Withdrawal methods are the same as deposits.

Deposit & Withdrawal

The minimum initial deposit requirement is said to be $200.

Deposit & Withdrawal

The broker will not charge any fees for deposits and withdrawals but clients should be aware of the fees charged by third parties.

Deposit & Withdrawal

Deposit and withdrawal processing is done during the brokers working time, from 9 am to 6 pm. All deposit requests are said to be processed within one hour, while it is possible that funds are not reflected until the next working day outside business hours. Bank Transfers withdrawals will require 3 to 5 working days to complete, while Credit/Debit Card reflection time takes longer, 5 to 7 days.

Deposit & Withdrawal
Deposit & Withdrawal

Customer Support

IMS FXs customer support can be reached by TEL: +44(0) 20 31299469, +61 2 92382278, FAX: +44(0) 20 31291964, email: service@imsforex.com or leave messages online to get in touch. Company address: FLAT 107, 25 INDESCON SQUARE LONDON, UNITED KINGDOM LEVEL 56, MLC CENTRE 19-29 MARTIN PLACE, SYDNEY NSW 2000.

Customer Support

Risk Warning

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.

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FX1145774956
more than one year
Why can't the company's website be opened? Did they change the link? But I can't find other links on Google. Forget it, it's a waste of my time to focus too much on this.
2022-12-13 10:44
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