IGM FX Broker Review

December 13, 2020 at 5:55 am

 IGM FX trading

Expert Summary

IGM FX is a regulated CFD broker based in the European Economic Area, covering 160+ different markets, providing a comprehensive trading offer for a broad range of traders.

Headquartered in Limassol, Cyprus, the IGM FX regulation is in line with the latest requirements. IGM Forex Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) and registered with multiple European regulators, including AFM in the Netherlands, FSA in Denmark, FI in Sweden, ASF in Romania, or FSA in Norway.

The Broker provides CFD trading based on Forex, stocks, indices, commodities, and cryptocurrencies, available with flexible leverage for both retail and professional customers. IGM FX continue to put a lot of effort into providing its customers with top-notch trading services and because of that, there are plenty of trading benefits currently available

Educational resources, trading analysis tools, different trading platforms, 4 account types, 24/7 customer support, dedicated account managers, and tight trading costs are just some of the reasons why a lot of traders had already chosen to work with the brand.

With several years of expertise in the CFD trading industry, IGM FX has the ability to provide consistent trading services, in line with the latest European regulation, for a broad range of traders that want to take advantage of the financial markets.

Unique Trading Features at IGM FX

There are multiple unique features currently available at IGM FX, one of them being the 24/7 all-inclusive support. At a time when most of the brokerage houses offer support 24/5, this is a brand that stands out substantially.

Opening an account with IGM FX can be done in a few simple steps, even by individuals with little or no experience. They need to register for an account, verify it, fund using one of the payment methods support, and then enjoy trading.

 IGM FX account opening

Traders wanting to learn more about the markets can take advantage of the wide range of free educational resources that include trading eBooks, live webinars, and trading video tutorials. Depending on the account type chosen, other premium resources can be provided. At the same time, there are plenty of trading analysis tools, including market news, market summaries, economic calendar, and daily chart analysis.

IGM FX Trading Software

To satisfy all trading needs, IGM FX relies on multiple platforms, one of them being the popular MetaTrader 4. With a solid reputation, MT4 is a platform that continues to inspire trust among CFD traders, and because of that, we continue to see so many different brokerage houses relying on it.

The IGM FX customized MT4 version provides access to all 160+ available markets, free trading analysis tools, 30+ technical indicators, customizable EAs, multiple order types, and customizable push notifications and alerts.

Secondly, it would be important to note the IGM FX Web Trading Platform, a browser-based solution that comes with similar features, but one that does not require any installation. It has a friendly web interface and facilitates fast trading execution, which is why most of the traders will fancy it.

To trade via mobile, the mobile versions of the MT4 or the WebTrader ensure ample options when markets are volatile and traders need access while on the go.

IGM FX Deposits and Withdrawals

European CFD traders can take advantage of some of the largest payment providers when trading with IGM FX. They can make deposits or withdrawals using credit/debit cards, Skrill, Neteller, or wire transfer. Trading accounts can be denominated in USD, EUR, or GBP, and the minimum deposit for each of the currencies is 250.

Full account verification is required for withdrawals. That can be done by uploading a personal ID, proof of residence, and verification of the payment method.

Beginner Trader Support

IGM FX has a customer-oriented approach and because of that, it has a dedicated team of customer support representatives available 24/7. At the same time, there are dedicated account managers and senior account managers.

Beginners are supported via a broad range of educational resources and trading analysis tools. Gold and VIP account holders will get access to dedicated account managers and dedicated senior account managers, respectively.

Is IGM FX Safe to Use?

IGM FX is headquartered in Limassol, Cyprus and its mother company is regulated by CySEC, as well as registered with multiple European regulators. Because of that, the broker is well aligned with the latest CFD trading regulations applicable to the European Economic Area.

With that in mind, it is clear that trading with IGM FX can be done safely, without having to worry about compliance. The broker operates transparently and provides all the necessary information on its website or via customer support representatives available 24/7.

Other Services

Because financial markets continue to be challenging, IGM FX provides plenty of added-value via trading tools and resources that can enhance one’s perspective on trading. As a result, Gold and VIP account holders will benefit from trading signals via SMS from MTE, full account overview, VIP webinars, and dedicated account managers.

IGM FX educational resources

For all customers, there are multiple resources available, such as free trading education, and educational webinars. Lastly, IGM FX offers access to trading analysis tools that could be helpful when traders have difficulties in understanding the market’s performance at any given point.

IGM FX Review Conclusion

IGM FX is a regulated CFD broker based in the European Economic Area that wants to benefit from competitive trading conditions on 160+ available markets. With customers from all over the continent, the brand proves to inspire trust among traders and that should be a strong incentive for those looking for a new trading partner.

European regulation for CFD trading is among the most strict in the world and as a European broker, IGM FX is a broker well aligned with the current requirements. Due to 24/7 all-inclusive support, multiple trading platforms, diversity of assets, educational resources, and trading tools, the conclusion is that IGM FX is a reliable brand to work with.

 

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

IGM FX Review

Product Name: IGM FX

Product Description: IGM FX is a regulated CFD broker based in the European Economic Area, covering 160+ different markets, providing a comprehensive trading offer for a broad range of traders.

Brand: IGM FX

Offer URL: igmfx.com

  • Trading Software
  • Deposits and Withdrawals
  • Regulation
  • Support
4.5

Summary

IGM FX is a regulated CFD broker based in the European Economic Area, covering 160+ different markets, providing a comprehensive trading offer for a broad range of traders.

Pros

  • Reliable trading software included.
  • Plenty of added-value via trading tools and resources
  • Customer-oriented approach.

Cons

  • Only traders in the European Economic Area can open an account with IGM FX
  • Customer support service available currently in English only.