Best Broker

IGM FX Review 2021

Minimum Spread :   0.07
Foundation Year :   2020
Min Deposit $ 250
Broker Trusted Point0

IGM FX Review 2021: The Brokerage platform IGM FX was incepted to provide the newfangled services to its traders, and to date it serves, its functions with the same notion.

What more does one need to place their trust on confidence than knowing the license number 309/16 and that the brokerage is regulated by Cyprus Securities and exchange commission “CySEC”. It is needless to say that the regulation company holds high credentials because of the regulation and monitoring of operations and payments covering the entire European economic area.

CFDs are the buzz, and the brokerage got you covered when it comes to dealing with CFD trade instruments. Forex, commodities, stocks, cryptocurrencies, metal, indices, you name them, and they got them.

Let’s Briefly go over the account types and will see into a detailed application of them as we go through. Like any other brokerage, IGM FX got a Silver, Platinum, and Gold account with an additional VIP and demo account. The lower commission and spread value enable the traders to trade without any obstacles and hurdles in the market industry.

Growth without study and research is impossible, which is why the online portal of the brokerage offers a rich variety of courses and reading material to enlarge the information base about the trading market and use it in your functions and trade deals. 

IGM FX Scam or safe

Quoting that the brokerage operates under the tight iron fist Cyprus Securities and Exchange Commission (CySEC) and owns the license number 309/16 needs to suffice the demand to have credibility and authenticity for traders to believe in the broker. 

Apart from the assurance of CySEC, which controls the European economic trade market, IGM FX has emerged from IGM Forex Ltd. The latter holds quite a reputation in the industry, and thus, ample credibility comes sailing with this lone fact. 

IGM FX also is a participant member of the Investor compensation fund. This fund promises compensation to the payment intermediary in case of failure to pay the liabilities as promised to the client due to financial imbalance.

it manages high-security alignments to protect data or information, and it goes without saying that the encryption system is seamlessly flawless to protect the client’s information 

IGM FX Review: Accounts

There is a hierarchy system in the accounts that one can create in the IGM FX. Suppose any trader is expected and believed to climb the ladder of accounts in accordance to experience. In that case, that does not restrict any client from making any account at any time or shifting their account from silver to gold to platinum to VIP. 

Demo Account – A demo account requires giving some of the personal details such as name, phone number, financial status – income, etc, but without uploading the documents first, you can still run the account and get a taste of what trading is through the accounts. 

Silver Account- This essentially is regarded as the beginner account, which means if you have enough intent to start as a trader, but not enough info and the essential know about and do how the industry this account is there for you to make ease to your operations and provide a base level understanding of how the industry works and what are the market dynamics.

In a retail account, one has to make a minimum deposit of 250$, and leverage of 1:30 is made available. 

Gold Account- This account is for clients who have already learn the working and possible shortcomings of the market and have adequate experience in dealing with them, so they are exposed to a new set of features and tools that further lubricates their space in the market, and free flow of trade and exchange of possible profits are directed to their way. Like the silver account, the minimum deposit would be 250$, and the leverage would be 1:30. The major difference between is the account is the experience of the client using them. 

Platinum Account: Platinum account enables the client with an advanced set of tools to unbox greater endeavours of success in crux if you have become an expert in the trading and by now are accustomed with all tricks and shortcuts of the trading and industry. It doesn’t get overwhelming for you to deal with the dynamics and be able to make your own prediction. 

The platinum account will only make things easier for you, leading you to easy use of an account that only supports you in doing or making trades possible as per your requirement and wish. The minimum deposit for the account stands at USD 250 and has the leverage of 1:30.

This type of account type is the most incredible option offered by the broker, which is not given by the industry’s regular. 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:- 

VIP Account- Now, generally, it becomes easier to advocate the likeliness of the VIP account by pointing out that most brokers do not provide one. 

It becomes impossible not to point the remarkable features and, by and large, very favourable trading options avail you to make a smooth trade and even better experience as a trader, account size, stop loss and charges are to name a few of the top tier tools and trade options this account brings with itself. A minimum deposit of $250 and the leverage of 1:30.

Different Assets 

Forex

It is a good thing that the broker offers an entire lot of virtual currencies for trading. You also get access to the risk factor indicator. Generally, trading balance comes into a dangerous situation when one trades with no margin. That is where the risk indicator comes in handy and announces the levels or stages of potential investment loss. When you aggressively monitor your margins, you have the opportunity or at least the option of keeping your positions open.

But this does not mean one can let loose on the risk of currency. CFD trade one currency pair shuts at the favourable level.

Cryptocurrency 

Free access to a vast variety of cryptocurrencies which IGM FX allows and a whopping number of 30+ cryptos are permitted.Trading cryptocurrencies is easy because it is permitted to be done from anywhere and from any device. 

It would be a huge turn off if the broker charged a fee for trading in cryptocurrency, so that has been actively put off by the brokerage the option of trading with CFDs is always open to predict and make better profits.

Stock

Stocks could be traded with CFDs, and the broker looks into making that facility available to the clients. There are more than 30 trading assets from multiple index markets. Spreads that are, to a large extent, workable are present. Investing in multinational companies is possible through IGM FX and their CFDs, but important to remember that these assets come with a tall possibility of losing money.

IGM FX Review: Deposit and Withdrawal 

All the deposit and withdrawal options that the broker provides are easily and readily available, so even if you find it hard to use one of them, you can try the other method or the third one or whichever suits you better.
The options are :

  1. Visa
  2. Master Card
  3. Bank wire transfer 
  4. Credit card
  5. Debit card
  6. Neteller
  7. Skrill
  8. Vpay 

It is also encouraging to know that no fee is charged upon the clients while making a payment or conducting a withdrawal apart from an inactivity fee or making a withdrawal of less than 50 EUR.

Leverage 

  • Leverage for Silver account’s Retail customers and professional customers 
  • Retail – 1:30
  • Professional – 1:400 
  • Leverage for Gold account’s Retail customers and professional customers 
  • Retail – 1:30
  • Professional – 1:400 
  • Leverage for Platinum account’s Retail customers and professional customers 
  • Retail – 1:30
  • Professional – 1:400 
  • Leverage for VIP account’s Retail customers and professional customers 
  • Retail – 1:30
  • Professional – 1:400 

IGM FX Review: Trading Platform 

Now, it would be an understatement to say that the broker takes care of the security and reliability because they do more than that and ensure that every trader’s reliability index is matched.

The company encompasses MetaTrader4 now; let’s dwell on MT4 a bit.
It is a trading platform manoeuvred for forex and futuristic trading. It does the job of studying and speculating financial markets, It gets details for traders, has trading robots, and tasks such as advanced trading operations are administered by it.

Apart from MT4, it also has a straight-through processing model in place, which makes everything readily available to the consumers. 

Research 

Research is the basis of building any solid brokerage firm because, without research, the market trading and the general norms of the industry remain untouched and untravelled. Once the research is done, one can freely make changes and take things to use them for profit better, and IGM FX thoroughly stands by the high standards of research involves securing every trader with all the information they need to make a smooth trade journey. 

Education 

There are tutorials and short videos available to get past the technicality of the trade industry for busy readers, and for those who seek to get a full-fledged knowledge-packed session to enhance their skills in trade, can avail the online courses readily available on the website. It will give food for the intellect and brush up skills of those already on intermediate level or beyond that. 

Course for every type of trader, be it a beginner or a master, are present and waiting for the clients. It is up to you which course o you want to get your hands upon. There are also Live Webinars, seminars, and E-Books present to read and understand from experts in the field. 

IGM FX Review: Customer Support

Without proper customer support, the client may not come back after availing services once; the job is to maintain the client by providing them with customer support and service that they require and fulfil their queries timely.

IGM FX customer service staff knows it well and provides their clients with the needful. One can reach out to them through chat, email, phone calls or the broker’s social media handle.
the contact information :

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

IGM FX Conclusion 

Though long and detailed was the review of IGM FX, it was full of features and operations for clients or potential clients to check out. The perks are exciting, such as commission-free trades, deposits, and withdrawals. 

The area of education and research to check and eliminate any second thoughts or doubts that one may have regarding their work or have any queries and before we forget to mention, the trustworthiness and security that the brokerage offers is everything you need to start early as a trader and look into the functionalities of CFDs. Lastly, it is important to remember – CySEC monitors the brokerage.

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