IGM Forex Forex Broker

IGM Forex Review SummaryFounded2019Registered Country/RegionCyprusRegulationRegulated in CySECMarket InstrumentsForex, Commodities, Indices, StocksDemo Account❌LeverageUp to 1:400Spread0.03 pips for EUR/USD pairTrading PlatformIGM FX WebtraderMin Deposit/Customer Supportsupport@igmfx.com+357 25 252 371IGM Forex Information IGM Forex is a regulated broker under CySEC, offering access to over 160 CFDs on various instruments, including forex, commodities, indices, and stocks. The broker provides a user-friendly Webtrader platform, but it lacks downloadable trading software or a dedicated mobile app.Pros and ConsPros Cons Regulated by CySECNo dedicated mobile app or downloadable softwareTight spreads starting from 0.03 pipsLimited information about educational resourcesLeverage up to 1:400No demo accountWide range of instrumentsIs IGM Forex Legit?AspectDetailsEntity NameIGM Forex LtdRegulatory BodyCyprus Securities and Exchange Commission (CySEC)License TypeStraight Through Processing (STP)License Number309/16Effective Date2016/8/16What Can I Trade on IGM Forex? IGM Forex provides a wide selection of trading products, including over 160 CFDs across several asset classes.Tradable Instruments Supported Forex✔Commodities✔Cryptocurrency✔CFD✔Indexes✔Stock✔Forex✔Account Types IGM Forex provides two account types , including retail trading accounts and professional trading accounts. Retail Trading AccountsFeatureClassicSilverGoldVIPLeverage (Up to)1:301:301:301:30InstrumentsAll assetsAll assetsAll assetsAll assetsMargin Call100%100%100%100%Stop Out50%50%50%50%Minimum Volume/Trade0.010.010.010.01Maximum Volume/Trade50505050SupportYesYesYesYesFull Account Overview--MonthlyWeekly Professional Trading AccountsFeatureClassicSilverGoldVIPLeverage (Up to)1:4001:4001:4001:400InstrumentsAll assetsAll assetsAll assetsAll assetsMargin Call100%100%100%100%Stop Out20%20%20%20%Minimum Volume/Trade0.010.010.010.01Maximum Volume/Trade50505050SupportYesYesYesYesFull Account Overview--MonthlyWeeklyLeverage IGM Forex allows Retail Accounts to leverage 1:30 and Professional Accounts 1:400. This lets traders hold larger positions with a lower starting investment, increasing profit possibilities. Higher leverage increases the possibility of large losses and rewards. Traders should utilize leverage carefully and manage risk to reduce risks.IGM Forex Fees IGM Forex's fees are tight compared to industry standards. The broker advertises zero commission, tight spreads starting from 0.03 pips, making IGM Forex one of the tightest brokers.Trading PlatformTrading PlatformSupported Available Devices Suitable for what kind of tradersIGM FX Webtrader✔Desktop, Mobile (Web-based)Beginners to advanced traders who value portability and ease of useCross-Platform Trading✔All Devices with a BrowserTraders seeking access to accounts on multiple devices with no downloads