IM Markets Forex Broker

IM Markets Review SummaryFounded2023Registered Country/RegionSaint Vincent and the GrenadinesRegulationASIC (Suspicious Clone)Market Instruments700+, forex, commodities, cryptocurrencies and indicesDemo Account/LeverageUp to 1:1000SpreadFrom 0.1 pipsTrading PlatformWeb & Mobile AppMin Deposit$15Customer Support24/5 live chatTel: 2304634500Instagram: https://www.instagram.com/im.markets/YouTube: https://www.youtube.com/channel/UCu_IpjO0NDXsR-V5phtxqjwEmail: support@IM Markets.comAddress: Suite 305, Griffith Corporate Center, Beachmont, Kingstown, St. Vincent and the GrenadinesRegional RestrictionsAfghanistan, Belarus, Botswana, Burundi, Congo, Cuba, Egypt, Guinea, Guinea-Bissau, Iran, Iraq, Japan, Lebanon, Liberia, Libyan Arab Jamahiriya, Mali, Nicaragua, Nigeria, North Korea, Pakistan, Singapore, Somalia, Somali Republic, South Africa, Spain, Sudan, Syrian Arab Republic, Togo, United States of America, Venezuela, Yemen, Zimbabwe IM Markets was registered in 2023 in Saint Vincent and the Grenadines, but it is suspected fake clone now. It claims to offer 700+ trading instruments, including forex, commodities, cryptocurrencies and indices. The company uses web and mobile apps as its trading platforms, and there are two types of accounts available, including Standard and ECN.Pros and ConsPros Cons Various trading productsSuspicious clone ASIC licenseLow minimum depositRegional restrictions24/5 live chat supportNo MT4/5Is IM Markets Legit? No, IM Markets currently has no valid regulations. Traders should carefully consider the risks it brings when choosing to trade with it.Regulatory Status Suspicious CloneRegulated by Australia Securities & Investment Commission (ASIC)Licensed Institution MGF CAPITAL PTY LTDLicensed TypeInstitution Forex License (STP)Licensed Number421246What Can I Trade on IM Markets?Tradable Instruments Supported Forex✔Commodities✔Indices✔Cryptocurrencies✔Stocks❌Bonds❌Options❌ETFs❌Leverage IM Markets provides incredibly high leverage up to 1:1000, which is very high. Customers must exercise caution when investing, since high leverage might pose significant dangers.Account TypeAccount TypeStandardECNMin Deposit$1$1Trading Platform IM Markets only provides its clients web platform and apps on Android devices.Trading PlatformSupported Available Devices Suitable forWeb Trader✔Web/Mobile Trading App✔Android/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal IM MARKETS allows their clients to instantly convert cryptocurrencies in their platform accounts into cash and transfer them to their personal bank cards, such as VISA/MASTER CARD and USDT.