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Pros

No minimum deposit requirement, allowing traders to start with any amount.
Wide range of trading instruments, including forex, commodities, and cryptocurrencies.
High leverage options available, up to 1:1000, providing potential for greater returns.

Cons

High spreads leading to increased trading costs.
Registered in an offshore zone with limited regulation, raising safety concerns.
Lack of advanced trading features and educational resources on the platform.

IM Markets broker Accounts

IM Markets Account Type

IM Markets offers three types of trading accounts to cater to different trading needs and preferences:

  • Classic Account
    • Minimum Deposit: $50
    • Minimum Trade Size: 0.01 lots
    • Average Spreads: 2 pips
    • Commission: $5 per lot
    • Gold Account
      • Minimum Deposit: $500
      • Minimum Trade Size: 0.01 lots
      • Average Spreads: 0.5 pips
      • Commission: $8 per lot
      • Premium Account
        • Minimum Deposit: $1,000
        • Minimum Trade Size: 0.01 lots
        • Average Spreads: 0.5 pips
        • Commission: $4 per lot

        All account types allow access to the same trading instruments, and traders can use a flexible leverage option.

        IM Markets Broker Account Opening Process

        To open an account with IM Markets, follow these steps:

        • Visit the Official Website: Go to IM Markets.
        • Choose Account Type: Select the account type you wish to open (Classic, Gold, or Premium).
        • Register: Click on the "Open Live Account" button and fill in your details such as name, country of residence, email, phone number, and create a password.
        • Email Confirmation: Check your email for a confirmation link to activate your account.
        • Complete Profile: Log in to your account and provide additional information about your finances and trading experience.
        • Verification: Upload identification documents (passport or local ID) for account verification.
        • Deposit Funds: Go to the "My Wallet" section to deposit funds using your preferred payment method.
        • Download Trading Platform: Download the MetaTrader 5 platform to start trading.
        • The entire process is designed to be straightforward, allowing traders to begin their trading journey efficiently.

IM Markets Similar Broker Accounts

Explore broker markets account types: forex/trading accounts with demo access.

IM Markets accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
IM Markets Account