IMSFOREX Company

IMSForex Broker - Complete Information Guide

1. Broker Overview

IMS Markets, established in 2019, operates under the full name Initial Merit Secure Ltd. The company is headquartered in Limassol, Cyprus, at 3 Pythagora Street, Pythagoras Court, 4th Floor, CY-3027 Limassol. As a privately held entity, IMS Markets aims to provide a reliable trading platform for both novice and experienced traders. The broker primarily serves a global clientele, focusing on retail forex trading while also offering contracts for difference (CFDs) on various asset classes.

Since its inception, IMS Markets has achieved significant milestones, including the launch of its trading platform and the introduction of multiple account types. The company has steadily expanded its offerings to include not only forex trading but also commodities and indices, thereby broadening its appeal to a wider audience. As a Cypriot investment firm, IMS Markets operates under the regulatory framework provided by the Cyprus Securities and Exchange Commission (CySEC).

The business model of IMS Forex is primarily focused on retail forex trading, providing clients with access to various financial instruments through its advanced trading platform. This versatility allows traders to engage in diverse trading strategies and capitalize on market movements.

2. Regulation and Compliance Information

IMS Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding the license number 229/14. This regulatory oversight ensures that IMS Markets adheres to strict financial standards and practices, reinforcing its commitment to transparency and security in its operations.

The scope of the CySEC license includes the provision of investment services within the European Union, ensuring compliance with EU regulations. IMS Markets is committed to maintaining a high level of client fund protection, which includes the segregation of client funds into separate accounts to safeguard them against potential broker insolvency.

Additionally, IMS Markets participates in the Investor Compensation Fund (ICF), which provides additional protection for client funds in case of insolvency, covering up to €20,000 per client. The broker also adheres to stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to ensure the integrity of its operations.

3. Trading Products and Services

IMS Markets offers a diverse range of trading products, including more than 55 forex currency pairs. This variety allows traders to engage in various trading strategies and capitalize on market movements. The broker specializes in CFDs, providing access to a range of instruments, including indices and commodities, allowing traders to speculate on price movements without the need for significant capital investment.

However, it is important to note that IMS Markets currently does not offer cryptocurrency trading options, which may limit its appeal to some traders. The company is continuously expanding its product offerings, with a commitment to updating its available instruments regularly.

In addition to retail trading services, IMS Markets provides institutional client services, although specific details regarding these offerings are not extensively covered in public materials. The broker does not currently offer white-label solutions or asset management services.

4. Trading Platforms and Technology

IMS Markets primarily utilizes the MetaTrader 5 (MT5) platform, which is known for its advanced tools for technical analysis, automated trading capabilities, and user-friendly interface. The platform provides traders with a comprehensive suite of features, including multiple order types, advanced charting tools, and a wide range of technical indicators.

The broker does not offer a proprietary trading platform, but the MT5 platform is widely regarded as one of the best in the industry. Additionally, IMS Markets provides web-based trading options, allowing traders to access their accounts without the need for software downloads.

Mobile trading is supported on both iOS and Android devices, ensuring that traders can manage their accounts and execute trades on the go. The broker operates under a Straight Through Processing (STP) model, which facilitates fast order execution and minimizes slippage. The servers are strategically located to enhance trade execution speed and reliability.

API access for automated trading is also available, allowing traders to implement algorithmic trading strategies effectively.

5. Account Types and Trading Conditions

IMS Markets offers three primary account types to cater to different trading needs:

• Classic Account: Requires a minimum deposit of $50, with average spreads of 2 pips and a commission of $5 per round lot.
• Gold Account: Requires a minimum deposit of $500, offering reduced average spreads of 0.5 pips and a commission of $8 per round lot.
• Premium Account: Requires a minimum deposit of $1,000, with similar spreads as the Gold account but a lower commission of $4 per round lot.

All account types allow a minimum trade size of 0.01 lots, and leverage is capped at 1:30 for retail clients, with the possibility of increased leverage for professional clients upon successful verification.

IMS Markets also provides a demo account option, which is beneficial for new traders to practice their strategies without risking real funds. The broker charges overnight fees, but specific details regarding these fees are not extensively detailed in public materials.

6. Funds Management

IMS Markets supports a variety of deposit methods, including bank transfers, credit cards (Visa and Mastercard), and electronic wallets such as Skrill and Neteller. The minimum deposit requirement varies by account type; the Classic account requires $50, while the Gold and Premium accounts require $500 and $1,000, respectively.

Deposit processing times vary, with bank transfers typically taking 2-5 business days, while credit card deposits and electronic wallet transactions are processed within 24 hours. IMS Markets does not charge any deposit fees, which is a significant advantage for traders.

Withdrawals can be executed through the same methods as deposits, with no minimum withdrawal amount specified. Withdrawal processing times also vary, taking 3-5 business days for bank transfers and up to 7 days for credit card withdrawals. While IMS Markets does not charge withdrawal fees, clients should be aware of potential fees from third-party payment processors.

7. Customer Support and Educational Resources

IMS Markets provides comprehensive customer support through various channels, including phone, email, and online messaging. The support team is available 24/5, ensuring that traders can receive assistance during trading hours. The broker offers multilingual support, catering to a diverse clientele, including English and Spanish speakers.

In terms of educational resources, IMS Markets has a limited offering, primarily consisting of articles related to economic indicators and trading opportunities. While the broker does not provide extensive educational programs or webinars, traders are encouraged to seek additional resources from external platforms to enhance their trading knowledge.

Market analysis services are also available, providing traders with daily insights and research reports to assist in their trading decisions. However, specific tools such as trading calculators and signals are not prominently featured.

8. Regional Coverage and Restrictions

IMS Markets serves clients globally, focusing on regions where it is legally permitted to operate. However, it does not target clients from the EU, EEA, or UK due to regulatory restrictions. The broker primarily caters to clients in regions where it can maintain compliance with local laws.

The companys operational framework is designed to accommodate a wide range of traders while adhering to the legal requirements set forth by regulatory authorities. Specific countries and regions where IMS Markets does not accept clients have not been explicitly detailed in public materials, but it is advisable for potential clients to verify their eligibility based on their local regulations.

In conclusion, IMS Markets presents itself as a reliable forex broker, offering a range of trading products, competitive trading conditions, and a strong regulatory framework. With a commitment to customer support and a user-friendly trading platform, it continues to attract traders looking for a trustworthy trading environment. As the company evolves, it may expand its offerings and enhance its services, further solidifying its position in the competitive landscape of online trading.