IGM FX Company

IGM Forex Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

IGM Forex Company, operating under the name IGM Forex Ltd, was founded in 2016. The company was established to provide a robust trading platform for retail and professional traders, focusing on a diverse range of financial instruments and trading options.

Parent Company/Ownership Structure

IGM Forex Ltd operates independently as a brokerage firm. It is not part of a larger conglomerate, which allows it to maintain a specific focus on its trading services and customer satisfaction.

Headquarters Location

The headquarters of IGM Forex is located in Limassol, Cyprus. This strategic location enables it to operate within the European financial markets while adhering to the necessary regulatory requirements.

Global Business Scope

IGM Forex serves a global client base, primarily focusing on the European Economic Area (EEA). The company offers trading services in various markets, including forex, commodities, indices, and cryptocurrencies, catering to both retail and professional traders.

Main Regulatory Bodies

IGM Forex is regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 309/16. This regulatory oversight ensures that the company adheres to strict financial standards and practices, providing a level of security for its clients.

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2. Company History and Development

Key Milestones

Since its inception in 2016, IGM Forex has achieved several key milestones, including the launch of its proprietary trading platform and the expansion of its product offerings. The company has continuously worked to enhance its trading environment and customer service.

Business Expansion Journey

IGM Forex began with a limited range of trading instruments and has since expanded to offer over 160 CFDs across various asset classes. This expansion reflects the company's commitment to meeting the diverse needs of its clients.

Customer Base Growth

The company has experienced steady growth in its customer base, attracting both novice and experienced traders. The emphasis on user-friendly platforms and competitive trading conditions has contributed to this growth.

Platform Development History

IGM Forex has developed its proprietary web-based trading platform, which is designed to accommodate both manual and automated trading strategies. Additionally, the company offers the popular MetaTrader 4 (MT4) platform, catering to traders who prefer advanced trading features.

Important Awards or Recognitions Received

While specific awards have not been highlighted in the available information, IGM Forex's regulatory compliance and customer service reputation contribute positively to its standing in the industry.

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3. Trading Services Offered

Forex Trading Options

IGM Forex provides access to a wide array of forex trading options, offering around 47 currency pairs. This selection allows traders to engage in various trading strategies, from major to minor pairs.

Stock Trading Options

The company offers trading in numerous stock CFDs, allowing clients to invest in shares of publicly traded companies across different sectors. This enhances the trading opportunities available to clients.

CFD Trading Products

IGM Forex specializes in Contracts for Difference (CFDs), providing over 160 CFDs on various assets. This includes commodities, indices, and cryptocurrencies, allowing traders to speculate on price movements without owning the underlying assets.

Other Financial Instruments

In addition to forex and stock trading, IGM Forex offers a robust selection of cryptocurrencies, with around 33 different assets available for trading. The company also provides access to commodities, enhancing its product range for traders.

Special Services or Unique Advantages

IGM Forex distinguishes itself through its competitive spreads, which start from as low as 0.03 pips, and its leverage options, which can reach up to 1:400 for professional accounts. The company also emphasizes customer support, providing assistance through various channels.

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4. Regulatory and Legal Background

Detailed Regulatory Information

IGM Forex is regulated by the following bodies:

• Cyprus Securities and Exchange Commission (CySEC) – License No. 309/16

This regulatory framework mandates strict adherence to financial standards, ensuring the protection of client funds.

Legal Entity Structure by Region

IGM Forex operates as IGM Forex Ltd, a legal entity registered in Cyprus. The company adheres to local and European regulations, ensuring compliance in its operational practices.

Client Fund Protection Measures

Client funds are segregated from the company's operational funds, providing an additional layer of security. The company participates in the Cyprus Investor Compensation Fund (ICF), which protects retail clients' funds up to €20,000 in the event of insolvency.

Countries/Regions Served

IGM Forex primarily serves clients within the European Economic Area (EEA). However, it does not accept clients from certain countries, including the United States and the United Kingdom, due to regulatory restrictions.

Compliance History

IGM Forex has maintained a clean compliance record with CySEC, although it faced a temporary suspension in 2019 due to regulatory violations. Since then, the company has worked to rectify these issues and enhance its compliance measures.

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5. Competitive Landscape

3-5 Main Competitors

IGM Forex competes with several notable brokers in the industry, including:

• AvaTrade
• IG Group
• eToro
• Plus500
• FXCM

Positioning in the Industry

IGM Forex positions itself as a competitive broker for retail and professional traders, emphasizing its regulatory compliance, diverse trading options, and customer support. Its focus on cryptocurrency trading also sets it apart in a crowded market.

Market Differentiation Factors

Key differentiators for IGM Forex include:

• A diverse range of trading instruments, particularly in cryptocurrencies.
• Competitive spreads and leverage options.
• Regulatory oversight by CySEC, providing clients with a sense of security.
• A user-friendly trading platform that caters to both novice and experienced traders.

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In conclusion, IGM Forex Company has established itself as a reputable broker in the financial trading landscape since its founding in 2016. With a strong regulatory framework, a diverse array of trading services, and a commitment to customer support, it continues to attract traders from various backgrounds. For those looking to explore trading opportunities, IGM Forex offers a platform worth considering.

For more detailed insights and to learn more about IGM Forex, visit their official website or contact their customer support.