Score

1.24 /10
Danger

Trading IM

Saint Lucia

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

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Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index4.91

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

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40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Trading IM · Company summary
Trading IM Review Summary
Registered Country/Region Saint Lucia
Regulation No Regulation
Market Instruments Forex Trading, Commodity Trading, Cryptocurrency Market, Stock Market, Metals Trading, Indices Trading
Demo Account Unavailable
Leverage 1:200
Spread From 2.5 pips (Silver Trading Account), 50% discount (Gold Trading Account), 75% discount (Platinum Trading Account), Tight spreads (Islamic Trading Account)
Trading Platforms WebTrader
Customer Support Phone Number: +525518370627
Email: support@TradinglM.com
Contact form, Live chat
Monday-Friday: 08:00 to 17:00 GMT

What is Trading IM?

Trading IM is an unregulated online trading platform based in Saint Lucia that offers a wide range of financial services, including Forex, commodities, cryptocurrencies, stocks, metals, and indices. The platform provides multiple types of trading accounts, each with its own set of benefits and spreads, catering to the diverse needs of traders. Additionally, the platform features a user-friendly trading interface called WebTrader, accessible from any internet-enabled device without the need for downloads or installations.

Trading IM's homepage

Pros & Cons

Pros Cons
  • Popular Trading Instruments
  • Lack of Regulatory Oversight
  • Multiple Customer Support Channels
  • Demo Account Unavailability

Pros:

  • 6 Classes of Trading Instruments: Trading IM offers an extensive selection of trading instruments across multiple asset classes. These diverse options provide traders with ample opportunities to diversify their portfolios and capitalize on various market movements.

  • Multiple Customer Support Channels: Trading IM provides various customer support channels including phone, email, contact form, and live chat, enhancing accessibility and assistance for clients.

Cons:

  • Lack of Regulatory Oversight: One significant concern with Trading IM is its lack of valid regulation. Without proper regulation, there's a heightened risk of encountering fraudulent activities, scams, and inadequate consumer protection.

  • Demo Account Unavailability: Trading IM does not provide a demo account option for traders to practice and familiarize themselves with the platform before committing real funds. A demo account can be invaluable for traders, especially beginners, to gain experience and test trading strategies in a risk-free environment.

Is Trading IM Safe ?

Trading IM currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.

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Market Instruments

Trading IM offers six classes of tradable instruments spanning diverse asset classes to cater to the needs of discerning clients, including:

  • Forex Trading: Dive into the world's largest and most liquid financial market, where currencies are bought and sold around the clock.

Forex Trading
  • Commodity Trading: Participate in the dynamic commodities market, trading in precious metals, energies, agricultural products, and more.

Commodity Trading
  • Cryptocurrency Trading: Explore the exciting realm of digital currencies, where innovation meets investment opportunities in cryptocurrencies like Bitcoin, Ethereum, and others.

Cryptocurrency Trading
  • Stock Trading: Engage in the thrill of equity trading, where you can invest in leading global companies and potentially reap substantial rewards.

Stock Trading
  • Precious Metal Trading: Access markets for precious metals such as gold, silver, platinum, and palladium, allowing you to diversify your portfolio and hedge against market uncertainties.

Precious Metal Trading
  • Index Trading: Trade on the performance of entire markets or sectors through indices, providing exposure to a broad range of assets with reduced risk.

Index Trading

Accounts & Spreads

  • Silver Trading Account: Enjoy spreads starting from just 2.5 pips, ideal for those seeking a balance of affordability and opportunity.

Silver Trading Account
  • Gold Trading Account: Unlock a 50% discount on spreads, offering enhanced cost-effectiveness for traders aiming for greater efficiency.

Gold Trading Account
  • Platinum Trading Account: Benefit from an impressive 75% discount on spreads, catering to discerning traders seeking optimal value and performance.

Platinum Trading Account
  • Islamic Trading Account: Experience tight spreads designed to align with Sharia principles, ensuring accessibility and fairness for all traders.

Islamic Trading Account

How to Open an Account?

Steps:

  • Click the button ''GET STARTED'' on the homepage.

Click the button ''GET STARTED''
  • Follow the on-screen instructions to input your personal and contact details.

  • Set a secure password for your account.

  • Read and agree to the Terms and Conditions and any other policy as required.

  • Click on the ''Open account'' option to finalize the creation of your account.

  • An email will typically be sent to your registered email address to verify your account. Ensure to check your inbox and spam folders.

  • Click on the link received in the verification email to activate your account.

fill in required info

Leverage

Trading IM proudly offers a maximum leverage of 1:200, providing traders with a powerful tool to enhance their trading potential. Leverage of this magnitude allows our clients to multiply their trading capital, thereby amplifying potential returns on successful trades. By utilizing leverage effectively, traders can access larger positions in the market with a relatively smaller initial investment, enabling them to seize opportunities across various asset classes.

Trading Platforms

Trading IM is proud to offer WebTrader as the premier trading platform for our esteemed clients. With WebTrader, traders gain access to a sophisticated and intuitive online platform that enables seamless execution of trades across multiple financial markets.

Built with the latest web technologies, WebTrader delivers a user-friendly interface that is accessible from any internet-enabled device, eliminating the need for downloads or installations. Whether you're at home, in the office, or on the go, you can trade with confidence and convenience.

WebTrader

Deposits & Withdrawals

Trading IM accommodates various forms of payment options for deposits, making the process flexible and convenient for clients. These include globally recognized credit and debit cards like VISA and MASTERCARD. With the secure payment gateway, clients can fund their accounts or withdraw profits using their VISA or MASTERCARD, providing flexibility and ease of access to their trading capital.

payment methods

Customer Service

Trading IM provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.

  • Phone Number: +525518370627

  • Email:support@TradinglM.com

  • Contact form, Live chat

  • Monday-Friday: 08:00 to 17:00 GMT

contact form

Conclusion

In summary, Trading IM is an online trading platform offering a wide range of financial services and instruments. While it provides competitive spreads, maximum leverage, and a user-friendly trading platform, the lack of valid regulation and the absence of a demo account may raise concerns for some traders regarding safety, legitimacy, and accessibility.

Frequently Asked Questions (FAQs)

Is Trading IM legit?

No. It has been verified that this broker currently has no valid regulation.

Does Trading IM offer demo accounts?

No. It does not offer demo accounts.

What is the maximum leverage for Trading IM?

The maximum leverage is 1:200.

Does Trading IM offer industry leading MT4 & MT5?

No. Instead, it offers WebTrader.

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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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Treeland
more than one year
Mobile app is slick, trade on the go with ease. Spreads are tight, great for cost-conscious traders.
Mobile app is slick, trade on the go with ease. Spreads are tight, great for cost-conscious traders.
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2024-07-31 18:39
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Pierre Lug
more than one year
Trading IM' customer service was responsive when I contacted them with a basic question. If they could provide metatrader platforms, that would be cooler!
Trading IM' customer service was responsive when I contacted them with a basic question. If they could provide metatrader platforms, that would be cooler!
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2024-06-28 15:15
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