IGM FX ranks as the best forex broker for clients with its upgrading trading conditions. In addition, it is known for providing free world-class educational resources for clients to uplevel their trading career. The reputed brokerage firm offers trading in various asset classes, including forex, indices, stocks, cryptocurrencies, commodities and metals. The IGM FX review gives a better understanding do traders.
IGM FX is a Cyprus Securities and Exchange Commission (CySEC) regulated firm operated by the financial service company IGM Forex Ltd.
IGM FX serves trading services via multiple trading platforms such as WebTrader, MetaTrader4 and a user-friendly mobile app.
IGM FX is authorised and regulated by Cyprus Securities and Exchange Commission (CySEC) and operated by IGM Forex Ltd. The forex brokerage is authorised under the CIF license number 309/16. The trading company is a member of the Investor compensation fund (ICF).
IGM FX offers both SSL encrypted trading platforms WebTrader and MetaTrader 4. The mobile app of IGM FX is the MT4 mobile platform which is also highly encrypted. Another reputed authority called European Securities and Markets Authority (ESMA) ensures that the tentative regulation must be followed so that no one can manipulate with money.
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IGM FX offers three account tiers and a professional account type for more premium facilities for seasoned traders. The brokerage firm provides services to traders with different experiences. For beginners, there is a Silver trading account type. Gold account type is for intermediate traders with decent experience. Lastly, Platinum and VIP trading account types are seasoned traders who place big bets and trade with huge chunks of their money.
One can easily learn to operate the trading platform with a demo account. A demo trading account helps a lot to upscale your trading career, plus you can simulate your trading to learn the applications and strategies required in actual trading. Here we mentioned some of the major features of four trading account types.
To open your account with IGM FX, you have to follow three steps simply,.
Traders can access their account with any device, whether desktop, mobile, iPad or MAC.
Ascend the value ladder of your trading journey with IGM FX by trading using multiple financial instruments or assets such as cryptocurrencies, Forex, stocks, indices, metals and commodities. It can be so easy for traders to diversify their investment portfolio by investing in various asset classes connected with a particular industry in some way. This strategy is used among traders to minimise the potential losses
You can get comfortable by using a demo account to invest in multiple assets in a real scenario.
Forex: There are more than 40 CFDs available on currency pairs. The Forex market has high liquidity that can create huge benefits for you.
The spreads are as low as 0.7 and leverage up to 1:400.
Stocks: IGM FX offers to trade in small to large-cap companies, including Apple, Amazon, Facebook and more CFDs on 30+ stock assets.
The spreads are as low as 0.21 and leverage up to 1:10.
Indices: One can trade on more than 10 CFDs on popular indices like NASDAQ, S&P 500 and Dow Jones.
The spreads are as low as 0.32 and leverage up to 1:100.
Cryptocurrencies: There are 30+ cryptocurrencies available, including ethereum, ripple and bitcoin.
The spreads are floating and leverage up to 1:2
Metals: The broker is currently offering more than 50 metal markets to trade. One can easily trade CFDs on underlying precious metals, including silver, gold and platinum with IGM FX.
The spreads are as low as 60 and leverage up to 1:100.
Commodities: There are more than 15 tradable CFDs on commodity assets, including Brent oil, natural gas, wheat, sugar and more.
The spreads are as low as 0.0007 and leverage up to 1:100.
Spreads vary with different market conditions. Traders should closely monitor the market updates to take advantage of variable spreads at the right time to avoid risks. IGM FX charges no commission on trading assets. There is no requirement for additional fees. The brokerage firm offers tight spreads as low as 0.0007 pips among all financial instruments.
|Currency conversion||Need to pay|
|Spreads||0.06 pips minimum|
|Deposit and withdrawal||No charges applied|
|Swap charges||Fees depend on different assets|
The brokerage firm gives the liberty to retail investor accounts to take leverage up to 1:30 in all four account tiers silver, gold, platinum and VIP. For professional accounts, leverage can be accessed up to 1:400. IGM FX provides leverage in accordance with account tiers.
It is suggested to appreciate leverage according to the amount of calculative risk associated with your trade.
Traders can get in touch with dedicated client support to gain access to more leverage.
IGM FX offers commission-free transactions. In addition, clients of IGM FX can manage their money in several ways. For example, you can fund your deposits through various wire transfer methods, credit/debit cards (Visa, Vpay, Mastercard and more), and sophisticated payment networks like Klarna.
IGM FX offers effortless, accessible and efficient trading. Traders can access both well efficient trading platforms, including WebTrader and MetaTrader4.
They can gain exposure to various potential opportunities by getting familiar with the trading platform, as using a trading platform is the core of your trading journey. In addition, you can develop your expertise in operating a trading platform to minimise the risks and maximise your returns. Here we are discussing details of each trading platform and what they offer.
IGM FX has relatively smooth functionality in terms of performance with cutting edge technologies and intuitive design. There is no requirement of pre installations when you trade with the brokerage. Traders can easily access global markets on fingertips with the WebTrader platform.
WebTrader is compatible with both windows on your PC or Mac on Apple.
MetaTrader4 is an award-winning trading platform and is the best fit for all sorts of traders who want to make great returns on their investment. MetaTrader 4 is a complete package that can fulfil your needs, from customising tools to go long or short on the market.
All asset opportunities provided by IGM FX are accessible on MetaTrader4. The trading platform is compatible with android, iOS and Mac OS X.
On the IGM FX mobile app, one can access all instruments and CFDs. The mobile app proved to be a paradigm shift in the world of trading. IGM FX offers the mobile platform of MT4. The app is compatible with both iOS and Android. Here are some significant features of the MT4 Mobile app.
IGM FX education center consists of trading articles, earning reports, trading signals, trade ideas, courses and an economic calendar as a research tool. In addition, the brokerage provides multiple resources of education and research to analyse market conditions and trade signals.
The best part is that IGM FX’s education center is accessible on all devices. Typically, it will be easier for beginners to operate the trading platform after learning various options on the broker’s website. Therefore, enhance your knowledge and skills by taking maximum benefit from the education center of IGM FX.
You may contact the IGM FX support team for any query or doubt related to the customisation of the trading platform, account opening, or any confusion. The agent replies typically in less than a minute. In addition, the broker is reliable as it offers multilingual support to clients from various nations.
IGM FX customer support is always open for 24/5 business days. In addition, traders can contact customer support agents via live chat support, contact form and email support.
Here are some contact details for IGM FX:
The financial service provider offers more than 160 assets, including forex, stocks, indices, cryptocurrencies, metals and commodities. The broker is regulated by Cyprus Securities and Exchange Commission (CySEC) and operated by IGM Forex Ltd. IGM FX, a well-known online forex brokerage firm for providing smooth trading services to clients at meagre costs.
Novices, intermediate and professionals can make the best out of the educational resources of IGM FX according to their experience. In addition, the brokerage offers award-winning trading platforms, MetaTrader 4, WebTrader and MT4 mobile platforms. IGM FX is one of the best options to gain high market exposure by investing in various assets.
The website located at Limassol Cyprus is a great online portal for everyone. IGM FX is registered under the guidelines of CySEC. Its cookies policy is supportive of all clients and assists 24*7.
CySEC does the regulation for IGM FX.
The minimum deposit is USD 250.
The brokerage web portal from Cyprus has no withdrawal fee on the IGM FX website.
To open a trading account with the world-class broker IGM FX, one must fill in the required personal details. Once the details are verified, fund your account using various methods such as credit/debit cards and payment networks like Klarna.
One can get a free demo trading account with IGM FX. The broker just requires your details and the essential information to open a demo account. IGM FX offers a wide range of capital to its clients for demo accounts.
Trading platforms WebTrader, MetaTrader4 and Mobile App offered by IGM FX are compatible with all digital devices, including Android, iOS, Mac OS X and Windows on PC.