IGM FX provides regulated services to traders seeking to explore the world of CFD trading. With personalized account types to choose from, globally renowned trading platforms, more than 160 CFDs, and professional customer support, beginners and more experienced traders can roam the global markets.
Note: 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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IGM Information
IGM is a regulated brokerage firm recognized for its comprehensive range of financial services and trading opportunities. The platform offers a diverse array of trading instruments, including cryptocurrencies, global indices, stocks, forex pairs, and commodities.
With user-friendly platforms like the IGM FX Webtrader, traders can access over 160 assets seamlessly, benefiting from intuitive interfaces designed for efficiency and convenience. IGM further distinguishes itself through tailored account options like Classic, Silver, Gold, and VIP, each offering distinct features to accommodate varying trading needs.
Pros & Cons
Pros Regulated by CySEC: Being regulated by the Cyprus Securities and Exchange Commission (CySEC) (license No. 309/16) ensures that IGM adheres to strict standards for client protection.
Diverse Range of Trading Instruments: IGM offers a wide variety of trading instruments including cryptocurrencies, indices, stocks, forex, and commodities.
Multiple Account Options: With account types like Classic, Silver, Gold, and VIP, IGM provides options that cater to different trading needs and experience levels.
User-Friendly Trading Platform: The IGM FX Webtrader platform allows for seamless trading across 160+ assets with an intuitive interface, suitable for both new and experienced traders.
Comprehensive Customer Support: IGM offers robust customer support through various channels (phone, email, address, contact form).
Cons Limited Mutual Funds Offerings: IGM does not mention offering mutual funds, which could limit diversification options for investors looking beyond individual stocks and commodities.
Limited Operating Hours for Customer Support: Customer support at IGM is available during standard business hours (Monday-Friday: 08:00 - 18:00 GMT), limiting accessibility for traders in different time zones or those needing support outside these hours.
Is IGM Legit？
IGM is regulated by the oversight of the oversight of the Cyprus Securities and Exchange Commission (CySEC), holding license No. 309/16. This regulatory framework ensures that the company adheres to stringent standards designed to protect investors and maintain the integrity of the financial market. By adhering to the regulations, IGM ensures that its operations are conducted with the utmost professionalism and accountability, instilling confidence in its clients and stakeholders.
What are Securities to Trade with IGM？
IGM stands out for its diverse array of trading instruments, including cryptocurrencies, indices, stocks, forex pairs, and commodities.
Traders can delve into the dynamic world of cryptocurrencies, accessing opportunities in this rapidly evolving market through instruments like Bitcoin and Ethereum.
For those interested in broader market movements, indices trading allows investors to speculate on the performance of global stock indices such as the S&P 500 or the NASDAQ.
Moreover, the stock market offerings provide access to shares of leading companies across various sectors, enabling traders to capitalize on individual equity opportunities.
In the realm of forex trading, IGM offers a comprehensive selection of currency pairs, facilitating both major and exotic pairings for currency speculation.
Additionally, commodity trading rounds out its offerings, providing exposure to diverse commodities such as gold, oil, and agricultural products.
IGM Accounts
IGM provides a range of account options tailored to accommodate varying trading preferences and experience levels.
Starting with the Classic account, it offers essential features ideal for beginners looking to explore the financial markets. The Silver account enhances trading capabilities with additional perks and benefits, catering to traders aiming for more extensive market access.
Moving up, the Gold account offers further advantages such as lower spreads and personalized support, suitable for seasoned traders seeking enhanced trading conditions.
At the top tier, the VIP account provides exclusive benefits, including priority customer service and customized trading strategies, designed for experienced investors requiring top-tier services and support.
The minimum volume per trade is set at 0.01, allowing traders to engage in transactions with smaller positions, which is advantageous for both beginners and those managing diversified portfolios. Regarding risk management, IGM implements a margin call policy at 100%, notifying traders when their account margin falls to the required maintenance level. This proactive measure helps prevent positions from being automatically liquidated due to insufficient margin.
In cases where margin levels drop further, the stop-out level is set at 50%, safeguarding accounts by automatically closing positions to prevent further losses and preserve capital.
IGM Leverage Review
Retail traders can leverage their positions up to a maximum of 1:30, ensuring responsible and controlled trading practices. This level of leverage supports prudent risk management while allowing traders to amplify their returns within predefined limits.
For Professional clients, IGM extends leverage up to 1:400, providing experienced traders with greater flexibility to execute larger trades and capitalize on market opportunities with a higher degree of leverage.
IGM Platform Review
IGM FX Webtrader emerges as a user-friendly solution for modern traders seeking convenience and efficiency. With a robust platform designed for trading Contracts for Difference (CFDs), it offers access to over 160 assets, ensuring diverse investment opportunities.
The Webtrader eliminates the need for cumbersome installations, allowing traders to manage their portfolios seamlessly from any location. Its intuitive interface facilitates both executing new trades and monitoring existing positions on-the-go, catering to the dynamic needs of today's financial markets.
Customer Service
IGM provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.
Tel: +357 25252371
Email: support@igmfx.com
Address: Agiou Georgiou Makri 64, ANNA MARIA LENA COURT, Flat 201, 6037 Larnaca, Cyprus / 1 Agias Zonis, No. 504, Block B, 5th Floor, Nikolaou Pentadromos Center Building, 3026 Limassol, Cyprus
Hours: Monday-Friday: 08:00 - 18:00 GMT
Contact form
Conclusion
In conclusion, IGM emerges as a regulated and versatile brokerage firm offering a comprehensive array of trading opportunities across various financial markets. Multiple account options tailored to different experience levels further enhance its appeal, providing traders with flexibility and choice. The user-friendly IGM FX Webtrader platform facilitates efficient trading experiences, supported by a robust customer service network that ensures accessible assistance during trading hours.
Now, the ball's in your court when it comes to choosing whether to go with this broker or explore other options. Hopefully, this review has shed some light on your decision-making process.
FAQs
Is IGM suitable for beginners？
Yes. IGM is suitable for beginners due to its user-friendly platform, multiple account options, and comprehensive customer support.
Is IGM legit？
Yes, IGM is regulated by CySEC.
What trading instruments are available on IGM？
IGM offers cryptocurrencies, indices, stocks, forex pairs, and commodities.
What account types does IGM offer？
IGM provides Classic, Silver, Gold, and VIP accounts.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
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