IGM broker Accounts

igm Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: igm Account Types Explained

IGM offers a variety of account types tailored to meet the needs of different traders. Below is a detailed overview of the available account types, including their features and target user profiles.

Available Account Types

1. Silver Account

• Minimum Deposit: $250
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:30
• Key Features: Basic trading tools, access to educational resources
• Target User Profile: Beginners and retail traders
• Trading Instruments Available: Forex, CFDs on commodities and indices

1. Gold Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Variable spreads starting from 1.2 pips
• Leverage Options: Up to 1:30
• Key Features: Enhanced trading tools, market analysis, and research
• Target User Profile: Intermediate traders
• Trading Instruments Available: Forex, CFDs on commodities, indices, and cryptocurrencies

1. Platinum Account

• Minimum Deposit: $5,000
• Spread/Commission Structure: Variable spreads starting from 0.8 pips
• Leverage Options: Up to 1:30
• Key Features: Premium trading tools, personalized support, and advanced analytics
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, CFDs on a wide range of assets including stocks and cryptocurrencies

1. VIP Account

• Minimum Deposit: $10,000
• Spread/Commission Structure: Tight spreads starting from 0.5 pips
• Leverage Options: Up to 1:30
• Key Features: Exclusive benefits, dedicated account manager, and tailored trading strategies
• Target User Profile: Professional traders and institutional clients
• Trading Instruments Available: Comprehensive access to all trading instruments

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Silver Account
• Intermediate Traders: Gold Account
• Advanced Traders: Platinum Account
• Professional Traders: VIP Account

Part 2: Detailed igm Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Silver Account:

• Low minimum deposit

• Suitable for beginners

• Access to basic educational resources

• Gold Account:

• Lower spreads than Silver

• Enhanced trading tools

• Suitable for intermediate traders

• Platinum Account:

• Tight spreads

• Advanced analytics and personalized support

• Suitable for advanced traders

• VIP Account:

• Best spreads available

• Tailored trading strategies

• Exclusive benefits for professional traders

Disadvantages of Each Account Type

• Silver Account:

• Limited features compared to higher tiers

• Higher spreads

• Gold Account:

• Requires a higher initial deposit

• May not be suitable for absolute beginners

• Platinum Account:

• High minimum deposit

• May be overwhelming for less experienced traders

• VIP Account:

• Very high minimum deposit

• Targeted towards professional traders only

Part 3: igm Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Available to clients in most countries, but may be restricted in certain jurisdictions
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (details not specified)

Identity Verification Documents Needed

• Government-issued ID (passport or national ID)
• Proof of residence (utility bill or bank statement)

Additional Documentation for Professional Accounts

• Financial statements or proof of trading experience may be required

KYC/AML Compliance Procedures

• All clients must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks as part of the registration process.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Part 4: Step-by-Step igm Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the IGM website and select the registration option.
2. Personal Information Entry: Fill out the required personal information, including name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified by IGMs compliance team.
7. Fund Your Account: Once verified, fund your account using the available payment methods.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have fewer options for document uploads.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are clear and in the correct format (PDF, JPG).

• Issue: Verification takes too long.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Generally, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• To change account types, contact customer support to request the upgrade or downgrade.

Part 5: igm Demo Account Guide

Demo Account Features and Benefits

• The demo account allows users to practice trading without risking real money.
• Users can access the same trading platform and tools as live accounts.

How to Open a Demo Account

• Visit the IGM website and select the demo account option.
• Fill out the registration form and provide the necessary information.

Demo Account Limitations

• The demo account may have a limited virtual balance and time frame for usage.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000.

Demo vs Live Account Differences

• The demo account does not involve real money and is used for practice, while the live account involves actual trading with real funds.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

Part 6: igm Islamic Account Details

Swap-Free/Islamic Account Availability

• IGM offers Islamic accounts that are swap-free to comply with Sharia law.

Eligibility Requirements

• Clients must request the Islamic account option during registration.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees for overnight positions.

How to Apply for Islamic Account

• Indicate the request for an Islamic account when opening a new account or contact customer support for existing accounts.

Restrictions or Special Conditions

• Islamic accounts may have specific conditions regarding trading strategies and instruments.

FAQs – igm Account Types & Opening

1. What account types does igm offer？

• IGM offers Silver, Gold, Platinum, and VIP accounts.

1. What is the minimum deposit for each account type？

• Silver: $250, Gold: $1,000, Platinum: $5,000, VIP: $10,000.

1. How long does igm account verification take？

• Verification typically takes 1-3 business days.

1. Does igm offer demo accounts？

• Yes, IGM offers demo accounts for practice trading.

1. Can I have multiple account types with igm？

• Yes, clients can have multiple account types, but must contact support for changes.

1. Does igm offer Islamic/swap-free accounts？

• Yes, IGM provides Islamic accounts that are swap-free.

1. What documents do I need to open a igm account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.