IMS Markets Forex Broker

IMS MarketsReview SummaryFounded2019Registered Country/RegionCyprusRegulationCYSECMarket InstrumentsFixed income securities, including Agency/GSE Bonds, Corporate Bonds, Fixed-Rate Capital Securities, Structured Products, and Asset-Backed SecuritiesDemo Account❌LeverageUp to 1:30Spread2 pips (Classic account)Trading PlatformBloombergMinimum Deposit$50Customer SupportContact formTel: +357 25 057221Email: info@imsmarkets.comAddress: 3 Pythagora Street, Pythagoras Court, 4th Floor, Limassol 3027, CyprusSocial media: Instagram, YouTube, Facebook, LinkedIn IMS Markets was registered in 2019 in Cyprus, specializing in the fixed income market. It provides three types of accounts, with a minimum deposit of $50 and a maximum leverage of 1:30. More importantly, IMS Markets is regulated well in Cyprus.Pros and ConsPros Cons Regulated wellNo MT4 or MT5Tight spreadsNo demo accountsVarious trading productsOnly support wire transfer paymentsMultiple channels for customer supportPhysical office provedAuthorized by 15 countriesIs IMS Markets Legit? IMS Markets is regulated by Cyprus Securities and Exchange Commission (CYSEC) in Cyprus and is authorized by 15 countries: Austria, Belgium, Croatia, Denmark, France, Germany, Hungary, Italy, Lithuania, Malta, Netherlands, Poland, Portugal, Slovakia, and Spain.Regulated AuthorityCurrent StatusLicensed EntityRegulated CountryLicense TypeLicense No.Cyprus Securities and Exchange Commission (CYSEC)RegulatedINITIAL MERIT SECURE LTDCyprusStraight Trhough Processing229/14WikiFX Field Survey WikiFX field survey team visited IMS Markets' address in Cyprus, and we found its physical office on site.What Can I Trade on IMS Markets? IMS Markets focuses on fixed income instruments, which cover Agency/GSE Bonds, Corporate Bonds, Fixed-Rate Capital Securities, Structured Products, and Asset-Backed Securities.Trading ProductsSupported Agency/GSE Bonds✔Corporate Bonds✔Fixed-Rate Capital Securities✔Structured Products✔Asset-Backed Securities✔Account Type & Fees IMS Markets provides three types of accounts: Classic Account, Gold Account, and Premium Account. Commission fees are also charged, varing depending on types of accounts.Account TypeMinimum DepositMaximum LeverageSpreadCommissionClassic Account$501:302 pips$4 per lotGold Account$5001:300.5 pips$8 per lotPremium Account$1,0001:300.5 pips$5 per lotLeverage The leverage can be up to 1:30. Customers should consider carefully before investing, bearing in mind that high leverage is likely to bring high potential risks.Trading Platform IMS Markets uses Bloomberg as its trading platform, and it does not support the commonly used MT4 or MT5.Trading PlatformSupported Available Devices Suitable forBloomberg✔PC, mobile/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal IMS Markets only accepts wire transfer as its deposit option. As to withdrawal details, it is not revealed on the official website.Deposit OptionDeposit CurrenciesDeposit Processing TimeWire transferEUR, USD, GBP2-5 business days (Monday-Friday)