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IM Markets -

Suspicious Clone

Score

1.30 /10

Danger

IM Markets

Item: IM Markets
Rating: 1.30

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.im-markets.com

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Score

Regulatory Index0.00

Business Index5.38

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

ASIC Suspicious Clone

Institution FX (STP)

ASIC Suspicious Clone

AR

VPS Standard

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

Single Core

1G

40G

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Broker Information

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Company Name

IM MARKETS LIMITED

Company Abbreviation

IM Markets

Platform registered country and region

Saint Vincent and the Grenadines

Company website

https://www.im-markets.com

Facebook

https://www.facebook.com/IMMarketsGlobal?mibextid=LQQJ4d

Instagram

https://www.instagram.com/im.markets/

YouTube

https://www.youtube.com/channel/UCu_IpjO0NDXsR-V5phtxqjw

Company summary

Pyramid scheme complaint

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IM Markets · Company summary

IM Markets Review Summary
Founded	2023
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	ASIC (Suspicious Clone)
Market Instruments	700+, forex, commodities, cryptocurrencies and indices
Demo Account	/
Leverage	Up to 1:1000
Spread	From 0.1 pips
Trading Platform	Web & Mobile App
Min Deposit	$15
Customer Support	24/5 live chat
	Tel: 2304634500
	Instagram: https://www.instagram.com/im.markets/
	YouTube: https://www.youtube.com/channel/UCu_IpjO0NDXsR-V5phtxqjw
	Email: support@IM Markets.com
	Address: Suite 305, Griffith Corporate Center, Beachmont, Kingstown, St. Vincent and the Grenadines
Regional Restrictions	Afghanistan, Belarus, Botswana, Burundi, Congo, Cuba, Egypt, Guinea, Guinea-Bissau, Iran, Iraq, Japan, Lebanon, Liberia, Libyan Arab Jamahiriya, Mali, Nicaragua, Nigeria, North Korea, Pakistan, Singapore, Somalia, Somali Republic, South Africa, Spain, Sudan, Syrian Arab Republic, Togo, United States of America, Venezuela, Yemen, Zimbabwe

IM Markets was registered in 2023 in Saint Vincent and the Grenadines, but it is suspected fake clone now. It claims to offer 700+ trading instruments, including forex, commodities, cryptocurrencies and indices. The company uses web and mobile apps as its trading platforms, and there are two types of accounts available, including Standard and ECN.

Pros and Cons

Pros	Cons
Various trading products	Suspicious clone ASIC license
Low minimum deposit	Regional restrictions
24/5 live chat support	No MT4/5

Is IM Markets Legit?

No, IM Markets currently has no valid regulations. Traders should carefully consider the risks it brings when choosing to trade with it.

Regulatory Status	Suspicious Clone
Regulated by	Australia Securities & Investment Commission (ASIC)
Licensed Institution	MGF CAPITAL PTY LTD
Licensed Type	Institution Forex License (STP)
Licensed Number	421246

What Can I Trade on IM Markets?

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Stocks	❌
Bonds	❌
Options	❌
ETFs	❌

Leverage

IM Markets provides incredibly high leverage up to 1:1000, which is very high. Customers must exercise caution when investing, since high leverage might pose significant dangers.

Account Type

Account Type	Standard	ECN
Min Deposit	$1	$1

Trading Platform

IM Markets only provides its clients web platform and apps on Android devices.

Trading Platform	Supported	Available Devices	Suitable for
Web Trader	✔	Web	/
Mobile Trading App	✔	Android	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

IM MARKETS allows their clients to instantly convert cryptocurrencies in their platform accounts into cash and transfer them to their personal bank cards, such as VISA/MASTER CARD and USDT.

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Warning: Low score, please stay away! 3

Previous Detection : 2025-01-05

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The AustraliaASIC regulation (license number: 421246) claimed by this broker is suspected to be clone. Please be aware of the risk!

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Time Machine

IM Markets · Company summary

IM Markets Review Summary
Founded	2023
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	ASIC (Suspicious Clone)
Market Instruments	700+, forex, commodities, cryptocurrencies and indices
Demo Account	/
Leverage	Up to 1:1000
Spread	From 0.1 pips
Trading Platform	Web & Mobile App
Min Deposit	$15
Customer Support	24/5 live chat
	Tel: 2304634500
	Instagram: https://www.instagram.com/im.markets/
	YouTube: https://www.youtube.com/channel/UCu_IpjO0NDXsR-V5phtxqjw
	Email: support@IM Markets.com
	Address: Suite 305, Griffith Corporate Center, Beachmont, Kingstown, St. Vincent and the Grenadines
Regional Restrictions	Afghanistan, Belarus, Botswana, Burundi, Congo, Cuba, Egypt, Guinea, Guinea-Bissau, Iran, Iraq, Japan, Lebanon, Liberia, Libyan Arab Jamahiriya, Mali, Nicaragua, Nigeria, North Korea, Pakistan, Singapore, Somalia, Somali Republic, South Africa, Spain, Sudan, Syrian Arab Republic, Togo, United States of America, Venezuela, Yemen, Zimbabwe

IM Markets was registered in 2023 in Saint Vincent and the Grenadines, but it is suspected fake clone now. It claims to offer 700+ trading instruments, including forex, commodities, cryptocurrencies and indices. The company uses web and mobile apps as its trading platforms, and there are two types of accounts available, including Standard and ECN.

Pros and Cons

Pros	Cons
Various trading products	Suspicious clone ASIC license
Low minimum deposit	Regional restrictions
24/5 live chat support	No MT4/5

Is IM Markets Legit?

No, IM Markets currently has no valid regulations. Traders should carefully consider the risks it brings when choosing to trade with it.

Regulatory Status	Suspicious Clone
Regulated by	Australia Securities & Investment Commission (ASIC)
Licensed Institution	MGF CAPITAL PTY LTD
Licensed Type	Institution Forex License (STP)
Licensed Number	421246

What Can I Trade on IM Markets?

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Stocks	❌
Bonds	❌
Options	❌
ETFs	❌

Leverage

IM Markets provides incredibly high leverage up to 1:1000, which is very high. Customers must exercise caution when investing, since high leverage might pose significant dangers.

Account Type

Account Type	Standard	ECN
Min Deposit	$1	$1

Trading Platform

IM Markets only provides its clients web platform and apps on Android devices.

Trading Platform	Supported	Available Devices	Suitable for
Web Trader	✔	Web	/
Mobile Trading App	✔	Android	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

IM MARKETS allows their clients to instantly convert cryptocurrencies in their platform accounts into cash and transfer them to their personal bank cards, such as VISA/MASTER CARD and USDT.

News

NewsWikiFX Reviews IM Markets in Depth

In this article, we'll look in-depth at IM Markets (IM), examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service.

WikiFX

2023-10-26 17:27

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Comments

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Qutancl

more than one year

We struggled last night and sent an email requesting help. Today they were brilliant with their communication and helping us sorting out our issue. Thank you so much :)

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2024-06-21 12:21

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Hnsjkk

more than one year

Great company but my only criticism is they are very customer unfriendly when it comes to outstanding balances. They are too quick to issue curt reminders and threats of closing positions if a balance is not paid.

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2024-05-08 17:05

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