IMPERIAL MARKETS Basic Information Company Name IMPERIAL MARKETS Founded Limited information Headquarters The Virgin Islands Regulations Unlicensed Tradable Assets Forex, Mental Account Types Standard Account, Classic Account, Premium Account, SWAP FREE/ISLAMIC Account Minimum Deposit $200 Maximum Leverage 1:400 Spreads Start from 0.1 pips Commission $10 USD per standard lot for Premium Account Deposit Methods Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Bitcoin, Ether/Ethereum, Local Bank Transfers, Maestro, Neteller Trading Platforms MetaTrader 5 (MT5) Customer Support Email, Phone Education Resources Autochartist, Daily News, Economic Calendar, Educational videos Bonus Offerings Trade Bonus, Trade Bonus, Referral bonus Overview of IMPERIAL MARKETS IMPERIAL MARKETS is a financial market platform that aims to assist clients in building and accumulating capital and wealth. It offers a wide range of tradable assets, including forex and metals such as gold and silver. Traders can choose from multiple account types, including Standard, Classic, Premium, and SWAP FREE/ISLAMIC accounts, each with different minimum deposits, leverage options, spreads, and commissions. The trading platform used is MetaTrader 5 (MT5), which provides advanced features for technical analysis and trade execution. Customer support is available through email, phone, and physical office locations. However, it's important to note that IMPERIAL MARKETS is an unlicensed broker, which carries inherent risks. Traders should exercise caution and thoroughly research the platform's legitimacy and regulatory status before engaging in any trading activities. The company offers various bonus schemes, such as deposit bonuses and referral bonuses, but these come with restrictions on withdrawal and raise concerns regarding regulatory compliance. Traders should carefully consider these factors and seek additional information before making any decisions. Pros and Cons IMPERIAL MARKETS is a trading provider that offers both advantages and disadvantages for traders to consider. It is important to evaluate these factors based on individual preferences and requirements. Pros Cons Wide range of tradable assets, including forex and metals, providing opportunities for diversification and potential financial growth. Unlicensed broker, posing inherent risks and raising concerns regarding regulatory compliance. Multiple account types with varying features and minimum deposits, allowing traders to choose an account that suits their individual needs and goals. Bonus offerings with restrictions on withdrawal, potentially limiting traders' access to their funds. MetaTrader 5 (MT5) trading platform, offering advanced features for technical analysis and trade execution. Limited information available on non-trading fees, requiring careful review of terms and conditions to understand associated costs. Comprehensive customer service through various communication channels and physical office locations in different regions. Educational resources such as Autochartist, Daily News, Economic Calendar, and educational videos, providing valuable insights and knowledge to enhance traders' skills. Is IMPERIAL MARKETS Legit？ IMPERIAL MARKETSis an unlicensed broker, and it is risky trading with it. Trading Instruments IMPERIAL MARKETS offers a wide range of market instruments for traders to engage in. In addition to major forex pairs, there are other forex pairs available, providing traders with a diversified trading ecosystem. Traders have access to a range of currency pairs such as AUDCAD, AUDCHF, AUDJPY, EURUSD, GBPUSD, and USDJPY, among others. Traders can take advantage of the various opportunities presented by these forex pairs to potentially accelerate their financial growth. Additionally, IMPERIAL MARKETS offers metal pairs, allowing traders to trade GOLD and SILVER. These pairs come with tight spreads and minimum margin requirements, making them attractive options for traders interested in trading precious metals. The XAGUSD pair represents Silver against the US Dollar, while the XAUUSD pair represents Gold against the US Dollar. Here is a comparison table of trading instruments offered by different brokers: Broker Forex Crypto CFD Gold Silver Commodities IMPERIAL MARKETS Yes No No Yes Yes No OANDA Yes Yes No Yes Yes Yes Forex.com Yes Yes Yes Yes Yes Yes Webull Yes Yes No No No No Account Types IMPERIAL MARKETS offers multiple account types to cater to the diverse needs of traders. The STANDARD account requires a $200 minimum deposit with leverage of 1:400. It features variable spreads ranging from 1.4 to 1.8 pips and has no commission charges. The CLASSIC account requires a $1,000 minimum deposit, offers similar leverage and execution, but with tighter spreads of 0.8 to 1.2 pips. For more advanced features, the PREMIUM account requires a $10,000 minimum deposit and provides a lower leverage of 1:100. It offers tighter spreads starting from 0.1 pips with a commission of $10 USD per standard lot. Traders with a PREMIUM account also receive free VPS support. IMPERIAL MARKETS offers a SWAP FREE/ISLAMIC account suitable for traders following Islamic principles. This account requires a $1,000 minimum deposit, provides a leverage of 1:400, and has fixed spreads of 2.0 pips. It allows hedging, scalping, and expert advisors without charging any commission. However, VPS support is not available for this account. With a range of account types, IMPERIAL MARKETS aims to accommodate traders' diverse preferences and trading styles, ensuring they can choose an account that best suits their individual needs and goals. How to Open an Account？ Visit the TRADEHALL website. Look for the “OPEN ACCOUNT” or “Create MT5 Account ”button on the homepage and click on it. Sign up on the websites registration page. Receive your personal account login from an automated email Log in Proceed to deposit funds to your account Download the platform and start trading Leverage IMPERIAL MARKETS offers different leverage options across its account types. The STANDARD and SWAP FREE/ISLAMIC accounts provide a leverage of 1:400, allowing traders to control larger positions with a smaller investment. The CLASSIC account also offers a leverage of 1:400 but provides tighter spreads compared to the other accounts. The PREMIUM account offers a lower leverage of 1:100 but provides traders with tighter spreads starting from 0.1 pips. Traders can choose the account type and leverage level that aligns with their trading preferences and risk tolerance. Here is a comparison table of maximum leverage offered by different brokers: Broker Maximum Leverage IMPERIAL MARKETS 1:400 OANDA 1:200 RoboForex 1:2000 Pocket Option 1:500 Spreads and Commissions (Trading Fees) IMPERIAL MARKETS offers different spreads and commission structures across its account types. The STANDARD account features variable spreads ranging from 1.4 to 1.8 pips and does not charge any commissions on trades. The CLASSIC account provides tighter spreads of 0.8 to 1.2 pips, similar to the STANDARD account, and also does not charge any commissions. For traders looking for more advanced features, the PREMIUM account offers even tighter spreads starting from 0.1 pips. However, this account does have a commission of $10 USD per standard lot traded. The SWAP FREE/ISLAMIC account has fixed spreads of 2.0 pips and, like the other accounts, does not charge any commissions on trades. Traders can choose the account type that best suits their trading style and preferences, considering the spread and commission structure that aligns with their trading strategy and cost requirements. Non-Trading Fees Unfortunately, there is limited information available regarding the non-trading fees of IMPERIAL MARKETS on their website. It is important for traders to carefully review the terms and conditions, as well as any additional documents provided by the broker, to understand the non-trading fees that may be associated with their trading activities. Non-trading fees can include charges for services such as deposits and withdrawals, account maintenance, inactivity fees, and other miscellaneous charges. Deposit & Withdraw Methods IMPERIAL MARKETS provides several deposit and withdrawal methods for its traders. These methods include Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Bitcoin, Ether/Ethereum, Local Bank Transfers, Maestro, and Neteller. Traders can choose the most suitable method for their needs and preferences. It is important to note that cryptocurrency transactions, such as Bitcoin and Ether/Ethereum, come with their own risks and considerations, as they are virtually anonymous and not subject to chargebacks. Traders should exercise caution and be aware of the potential challenges associated with these transactions. Trading Platforms IMPERIAL MARKETS offers the MetaTrader 5 (MT5) trading platform to its clients. MT5 is a widely used multi-asset platform that supports technical and fundamental analysis. It provides traders with features for trading, analyzing price movements, and executing trades. Additionally, IMPERIAL MARKETS offers mobile trading platforms for iOS and Android devices, allowing traders to access their accounts and trade on the go. The mobile platforms provide full functionality, including analytical tools and technical indicators. Traders can utilize these platforms to stay connected to the markets and execute trades at any time. Customer Service: IMPERIAL MARKETS offers comprehensive customer service to assist traders in their trading journey. Traders can reach out to the customer support team through various communication channels including email, telephone, and online contact forms. The provided contact details include telephone numbers for both the UAE (+971 6524 7122) and international customers (+44 203 582 1190), as well as an email address (support@imperialmarkets.com) for general support inquiries. For those who prefer direct contact, IMPERIAL MARKETS has physical office locations in different regions. These include the House of Francis, Room 303, Ile Du Port, Mahe, Seychelles; 104, Lootah Building, AI Qusais 2, Dubai, UAE; and 105, Intershore Chambers, Road Town, Tortola, British Virgin Islands. Additionally, there is a London office located at 167-169 Great Portland Street, 5th Floor, London W1W 5PF. The customer service team is available during working hours from Monday to Friday, providing assistance within a 24/5 timeframe. This ensures that traders have access to support and guidance during regular trading hours. Traders can confidently reach out to the IMPERIAL MARKETS customer service team using the provided contact information to seek assistance, resolve inquiries, or receive further information about their trading activities. Educational Resources and Community Support IMPERIAL MARKETS offers a range of educational resources and community support to assist traders in their trading journey. One of the resources available is Autochartist, a powerful tool that helps traders make better trading decisions. Autochartist provides technical and statistical analysis, identifies support and resistance levels, and recognizes emerging and completed trade setups. It offers various analysis types, including horizontal key levels and big movements, catering to different trading styles and preferences. Traders can also stay updated with the latest market news through the Daily News section. It covers stock news, forex news, and general news, providing valuable insights into market trends and events that may impact trading decisions. To keep track of important economic events, IMPERIAL MARKETS provides an Economic Calendar. This calendar displays upcoming economic indicators, such as interest rate decisions, GDP releases, and employment reports, allowing traders to stay informed about key market-moving events. Additionally, IMPERIAL MARKETS offers educational videos to enhance traders' knowledge and skills. These videos cover various topics related to trading strategies, technical analysis, risk management, and more, providing valuable educational content for both beginner and experienced traders. Overall, IMPERIAL MARKETS provides a comprehensive set of educational resources and community support to empower traders with the tools and information needed to make informed trading decisions. Bonus The company gives a 50-100% deposit bonus, depending on the amount you invest. However, theres a clause stating that you can never withdraw the bonus, and you cannot withdraw even your deposited amount while the bonus period lasts, which is 30 days. There‘s another type of bonus, called Trade Bonus 20%. It’s credited to your account every time you make a deposit. However, this amount is valid for 60 days, during which you cannot withdraw your funds. Finally, there‘s a referral bonus of $25 per each customer you bring that deposits a minimum of $200. If it resembles a Ponzi scheme, it’s because that‘s exactly it. The regulators prohibited incentives to prevent scam brokers from trapping customers’ funds. Yet, Imperial Markets believes its above such trivial things such as regulatory obligations. Conclusion IMPERIAL MARKETS offers a diverse range of tradable assets and account types, supported by the widely used MT5 trading platform. However, the broker's unlicensed status and restrictions on bonus withdrawals, along with limited information on non-trading fees, raise concerns. Traders should carefully consider the risks and regulatory compliance before engaging with IMPERIAL MARKETS and seek additional information if needed. FAQs Q: Is IMPERIAL MARKETS a licensed broker？ A: No, IMPERIAL MARKETS is an unlicensed broker, which carries inherent risks. Q: What tradable assets are available on IMPERIAL MARKETS？ A: IMPERIAL MARKETS offers a wide range of tradable assets, including forex pairs and metals such as gold and silver. Q: What trading platform does IMPERIAL MARKETS use？ A: IMPERIAL MARKETS utilizes the MetaTrader 5 (MT5) trading platform. Q: What are the minimum deposits for IMPERIAL MARKETS' account types？ A: The minimum deposits vary depending on the account type, ranging from $200 to $10,000. Q: Does IMPERIAL MARKETS offer educational resources？ A: Yes, IMPERIAL MARKETS provides educational resources such as Autochartist, Daily News, Economic Calendar, and educational videos.