IGM Forex-Some Detailed Information about This Broker

General Information & Regulation

IGM Forex Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission with CIF license number 309/16. IGM Forex Ltd is operating the website www.igmfx.com (a trading name of IGM Forex Ltd) for the provision of services within the European Economic Area. The Company is located at 5, Matheou Matheou Str. , Agiou Athanasiou Industrial Area, Limassol , 4101. IGM FX customers are divided into retail and professional, depending on their previous trading background.

Market Instruments

Traders can get access to over 160+ CFDs based on shares, indices, commodities, and cryptocurrencies, on top of the FX offer.

Minimum Deposit

IGM Forex offers both retail and professional customer 4 different account types: Silver, Gold, Platinum and VIP accounts. The minimum deposit is likely $250 or a currency equivalent. Many other brokers, actually, require much less intial deposit of $50 to $100.

IGM Forex Leverage

The leverage here is abiding by the guidelines of authorities. Hence, it is capped at 1:30. While for professional clients, they can apply a higher leverage of up to 1:400.

Spreads & Commissions

IGM Forex offers commission-free trading; traders have to pay some spreads or swap charges. The spread starts as low as 0.7. The spreads charged by the broker are different for every asset and are floating. And spreads also are different for every account type. The platinum account holder clients get less charged.

Trading Platform

Traders working with IGM FX are able to trade from the worlds no. 1 platform. MetaTrader 4 (MT4) provides 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.

Deposit & Withdrawal

The broker offers a wide range of payment options for depositing and withdrawing funds, including Visa, Mastercard, Bank wire transfer, Credit/ Debit Card, Neteller,Skrill, and VPay. IGM FX allows charge-free deposit and withdrawal. Customers might get charged as the inactivity fees or might when there are withdrawals less the 50 EUR. The payment processing timings are based on different payment options.

Customer Services

IGM FX offers a 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.