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/10

IGM Forex

Cyprus Cyprus | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://igmforexltd.com/

Website

Rating Index

Contact

+357 25 252 371
https://igmforexltd.com/
1 Agias Zonis, No. 504, Block B, 5th Floor, Nikolaou Pentadromos Center Building, 3026 Limassol, Cyprus

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
Cyprus
Operating Period
5-10 years
Company Name
IGM Forex Ltd.
Email
info@igmfx.com
Contact Number
+357 25 252 371
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • igmforexltd.com
    172.67.219.146
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
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    Creation Date
    --
    Website Name
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    Company
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Company Profile

Company Profile

Review summary

General Information & Regulation

IGM Forex Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission with CIF license number 309/16. IGM Forex Ltd is operating the website www.igmfx.com (a trading name of IGM Forex Ltd) for the provision of services within the European Economic Area. The Company is located at 5, Matheou Matheou Str. , Agiou Athanasiou Industrial Area, Limassol , 4101. IGM FX customers are divided into retail and professional, depending on their previous trading background.

Market Instruments

Traders can get access to over 160+ CFDs based on shares, indices, commodities, and cryptocurrencies, on top of the FX offer.

Minimum Deposit

IGM Forex offers both retail and professional customer 4 different account types: Silver, Gold, Platinum and VIP accounts. The minimum deposit is likely $250 or a currency equivalent. Many other brokers, actually, require much less intial deposit of $50 to $100.

图片

IGM Forex Leverage

The leverage here is abiding by the guidelines of authorities. Hence, it is capped at 1:30. While for professional clients, they can apply a higher leverage of up to 1:400.

Spreads & Commissions

IGM Forex offers commission-free trading; traders have to pay some spreads or swap charges. The spread starts as low as 0.7. The spreads charged by the broker are different for every asset and are floating. And spreads also are different for every account type. The platinum account holder clients get less charged.

Trading Platform

Traders working with IGM FX are able to trade from the worlds no. 1 platform. MetaTrader 4 (MT4) provides 30+ indicators and its EA compatible, advanced charting, free trading analysis tools, multiple execution and order types, as well as customizable push notifications and alerts. Via the platform, access to all 160+ available markets is granted with no limitations. Alongside MT4, IGM FX also has a web-trading solution that does not require any installation.

Deposit & Withdrawal

The broker offers a wide range of payment options for depositing and withdrawing funds, including Visa, Mastercard, Bank wire transfer, Credit/ Debit Card, Neteller,Skrill, and VPay. IGM FX allows charge-free deposit and withdrawal. Customers might get charged as the inactivity fees or might when there are withdrawals less the 50 EUR. The payment processing timings are based on different payment options.

Customer Services

IGM FX offers a 24/7 customer support service. Clients are able to get in touch with a representative via email, phone, or live chat. Because the brokers main office is in Limassol, Cyprus, customer support is available in English. There is also the ability to fill in a contact form on the website and a representative will reply in due time.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

What is the regulatory status and risk profile of IGM Forex?

According to WikiFX data, IGM Forex Ltd. is an unregulated entity that operates without a single verified license from any mainstream financial authority, and its reported CYSEC registration in Cyprus holds an 'Unverified' status; this complete lack of formal oversight, combined with a very low WikiFX score of 1.51, defines it as a high-risk broker with significant gaps in investor protection.

04-02
United States

Which financial regulator oversees IGM Forex?

IGM Forex is not subject to formal oversight by a recognized financial regulator; while the company claims a registration in Cyprus, its purported license from the Cyprus Securities and Exchange Commission (CYSEC) remains officially 'Unverified', and the broker does not hold any other validated licenses, meaning it operates outside of standard global regulatory frameworks.

04-02
United States

What is the official website of IGM Forex?

An official website address for IGM Forex is not currently disclosed in its public profile.

04-02
United States

Bagaimana cara menentukan apakah broker teregulasi?

Untuk menentukan apakah broker teregulasi, hal utama yang perlu dilakukan adalah memverifikasi apakah broker tersebut memiliki lisensi keuangan yang valid. Investor dapat memeriksa nomor lisensi dan statusnya melalui situs resmi regulator seperti Financial Conduct Authority (FCA) atau Australian Securities and Investments Commission (ASIC) untuk memastikan keasliannya. Perlu diperhatikan bahwa beberapa broker mungkin menggunakan lisensi pihak lain atau beroperasi di luar yurisdiksi yang diizinkan, yang juga mengandung risiko. Berdasarkan data WikiFX, status regulasi, riwayat operasional, dan skor risiko dapat digunakan sebagai referensi tambahan.

Three days ago

¿Cómo identificar si un bróker presenta un perfil de riesgo elevado?

Un bróker puede evaluarse como de mayor riesgo considerando factores como la situación regulatoria, las reclamaciones de usuarios, la seguridad de los fondos y la coherencia de la información pública disponible. En general, los brókers sin regulación válida, con problemas frecuentes de retirada o con un elevado número de reclamaciones suelen presentar mayores niveles de riesgo. En WikiFX pueden consultarse el estado regulatorio, la puntuación integral, los registros de exposición y las opiniones de usuarios como referencia adicional.

Three days ago

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

¿Cuáles son los organismos reguladores de forex más comunes?

Entre los organismos reguladores más comunes se encuentran la Financial Conduct Authority (FCA), la Australian Securities and Investments Commission (ASIC), la Commodity Futures Trading Commission (CFTC), la Securities and Exchange Commission (SEC), la Cyprus Securities and Exchange Commission (CySEC) y la Monetary Authority of Singapore (MAS). Estos organismos suelen aplicar estándares regulatorios estrictos. En WikiFX es posible consultar clasificaciones de brókers según su entidad reguladora.

Three days ago

Apa yang dimaksud dengan situs broker kloning?

Situs broker kloning adalah situs yang meniru informasi broker resmi untuk menyesatkan investor agar melakukan penyetoran dana. Situs tersebut biasanya menyalin nama merek, desain halaman, bahkan informasi regulasi. Ciri umum meliputi domain yang sangat mirip dengan situs resmi, informasi kontak yang sulit diverifikasi, serta penawaran keuntungan yang tidak wajar. Setelah dana masuk ke platform seperti ini, biasanya sulit untuk dipulihkan. Disarankan untuk memverifikasi domain resmi dan informasi regulasi serta menggunakan WikiFX sebagai referensi tambahan.

Three days ago
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
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