IGM Forex Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-03 16:27

Abstract：IGM Forex is a CFD trading platform registered in Limassol, Cyprus, and authorized by the Cyprus Securities and Exchange Commission (CySEC) with license number 309/16. Founded in 2016, the company offers over 160 tradable assets, including FX, stocks, indices, and commodities. It provides regulated services to traders interested in exploring the world of CFD trading.

IGM Forex Review Summary
Founded	2019
Registered Country/Region	Cyprus
Regulation	Regulated in CySEC
Market Instruments	Forex, Commodities, Indices, Stocks
Demo Account	❌
Leverage	Up to 1:400
Spread	0.03 pips for EUR/USD pair
Trading Platform	IGM FX Webtrader
Min Deposit	/
Customer Support	support@igmfx.com
Customer Support	+357 25 252 371

IGM Forex Information

　　IGM Forex is a regulated broker under CySEC, offering access to over 160 CFDs on various instruments, including forex, commodities, indices, and stocks. The broker provides a user-friendly Webtrader platform, but it lacks downloadable trading software or a dedicated mobile app.

Pros and Cons

Pros	Cons
Regulated by CySEC	No dedicated mobile app or downloadable software
Tight spreads starting from 0.03 pips	Limited information about educational resources
Leverage up to 1:400	No demo account
Wide range of instruments

Is IGM Forex Legit?

Aspect	Details
Entity Name	IGM Forex Ltd
Regulatory Body	Cyprus Securities and Exchange Commission (CySEC)
License Type	Straight Through Processing (STP)
License Number	309/16
Effective Date	2016/8/16

What Can I Trade on IGM Forex?

　　IGM Forex provides a wide selection of trading products, including over 160 CFDs across several asset classes.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Cryptocurrency	✔
CFD	✔
Indexes	✔
Stock	✔
Forex	✔

Account Types

　　IGM Forex provides two account types , including retail trading accounts and professional trading accounts.

　　Retail Trading Accounts

Feature	Classic	Silver	Gold	VIP
Leverage (Up to)	1:30	1:30	1:30	1:30
Instruments	All assets	All assets	All assets	All assets
Margin Call	100%	100%	100%	100%
Stop Out	50%	50%	50%	50%
Minimum Volume/Trade	0.01	0.01	0.01	0.01
Maximum Volume/Trade	50	50	50	50
Support	Yes	Yes	Yes	Yes
Full Account Overview	-	-	Monthly	Weekly

　　Professional Trading Accounts

Feature	Classic	Silver	Gold	VIP
Leverage (Up to)	1:400	1:400	1:400	1:400
Instruments	All assets	All assets	All assets	All assets
Margin Call	100%	100%	100%	100%
Stop Out	20%	20%	20%	20%
Minimum Volume/Trade	0.01	0.01	0.01	0.01
Maximum Volume/Trade	50	50	50	50
Support	Yes	Yes	Yes	Yes
Full Account Overview	-	-	Monthly	Weekly

Leverage

　　IGM Forex allows Retail Accounts to leverage 1:30 and Professional Accounts 1:400. This lets traders hold larger positions with a lower starting investment, increasing profit possibilities. Higher leverage increases the possibility of large losses and rewards. Traders should utilize leverage carefully and manage risk to reduce risks.

IGM Forex Fees

　　IGM Forex's fees are tight compared to industry standards. The broker advertises zero commission, tight spreads starting from 0.03 pips, making IGM Forex one of the tightest brokers.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for what kind of traders
IGM FX Webtrader	✔	Desktop, Mobile (Web-based)	Beginners to advanced traders who value portability and ease of use
Cross-Platform Trading	✔	All Devices with a Browser	Traders seeking access to accounts on multiple devices with no downloads