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IGM FX

Cyprus | 5-10 years |
Regulated in Cyprus | Straight Through Processing (STP) | Suspicious Scope of Business | High potential risk

https://igmfx.com

Website

Rating Index

Contact

+357 25252371
support@igmfx.com
https://igmfx.com
1 Agias Zonis, No. 504, Block B, 5th Floor, Nikolaou Pentadromos Center Building, 3026 Limassol, Cyprus

Licenses

Licensed Entity:IGM Forex Ltd

License No. 309/16

VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-07-30
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
2

Basic Information

Registered Region
Cyprus
Operating Period
5-10 years
Company Name
IGM Forex Ltd
Abbreviation
IGM FX
Company employee
--
Customer Service Email Address
support@igmfx.com
Contact Number
+35725252371
Company Website
Company address
1 Agias Zonis, No. 504, Block B, 5th Floor, Nikolaou Pentadromos Center Building, 3026 Limassol, Cyprus

dorothy

Unverified

Hong Kong

Can’t log in let alone the withdrawal. Besides, the customer service is out of contact

Exposure

2020-10-16

FX2624850351

Unverified

Hong Kong

If I profit, I’m unable to withdraw, isn’t it? The customer service is disabled. Does this platform abscond?

Exposure

2020-09-04

FX2624850351

Unverified

United States

It has been ten days since I withdrew and I can’t receive my money. The customer service is disabled. Does IGM Forex abscond?

Exposure

2020-09-02

:╭⌒红宝石

Unverified

India

IGM Forex, a CYSEC-regulated broker is a reliable broker, and I have been a big fan of it. starting with my first trading here two years, I was provided professional trading services, fair and transparent fees. Despite switching many brokers, I love IGM the most.

Neutral

2023-02-24

FTS sys17343073191

Unverified

Indonesia

Overall, IGM Forex is a responsible forex broker concerning its procedure of withdrawals. Although it takes a bi longer sometimes, but there is no additional delay other than ten ways for funds to appear in my bank account.

Neutral

2022-12-08

小波段

Unverified

Hong Kong

They repeated their answer, making me speechless. It might be a fraud platform which was opened domestically.

Exposure

2020-08-27

小波段

Unverified

Hong Kong

The withdrawal has been delayed several times. I am in deep sorrow and can’t trust others.

Exposure

2020-08-27

小波段

Unverified

Hong Kong

I was unable to withdraw money because of the system’s problems. How can I use the platform?

Exposure

2020-08-21

8
Account
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Company Summary
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Official website

Website

igmfx.com
199.250.205.238
Server Location
United States
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
2019-05-27
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC

Genealogy

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Relevant Enterprises

IGM FOREX LTD(Cyprus)
Active
Cyprus
Registration No. HE346738
Established 2016-08-16
Related sources Website Announcement

Company Summary

IGM Forex Review Summary
Founded2019
Registered Country/RegionCyprus
RegulationRegulated in CySEC
Market InstrumentsForex, Commodities, Indices, Stocks
Demo Account
LeverageUp to 1:400
Spread0.03 pips for EUR/USD pair
Trading PlatformIGM FX Webtrader
Min Deposit/
Customer Supportsupport@igmfx.com
+357 25 252 371

IGM 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.

IGM Forex Information

Pros and Cons

Pros Cons
Regulated by CySECNo dedicated mobile app or downloadable software
Tight spreads starting from 0.03 pipsLimited information about educational resources
Leverage up to 1:400No demo account
Wide range of instruments

Is IGM Forex Legit?

AspectDetails
Entity NameIGM Forex Ltd
Regulatory BodyCyprus Securities and Exchange Commission (CySEC)
License TypeStraight Through Processing (STP)
License Number309/16
Effective Date2016/8/16
Is IGM Forex Legit?

What 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
What Can I Trade on IGM Forex?

Account Types

IGM Forex provides two account types , including retail trading accounts and professional trading accounts.

Retail Trading Accounts

FeatureClassicSilverGoldVIP
Leverage (Up to)1:301:301:301:30
InstrumentsAll assetsAll assetsAll assetsAll assets
Margin Call100%100%100%100%
Stop Out50%50%50%50%
Minimum Volume/Trade0.010.010.010.01
Maximum Volume/Trade50505050
SupportYesYesYesYes
Full Account Overview--MonthlyWeekly
Retail Trading Accounts

Professional Trading Accounts

FeatureClassicSilverGoldVIP
Leverage (Up to)1:4001:4001:4001:400
InstrumentsAll assetsAll assetsAll assetsAll assets
Margin Call100%100%100%100%
Stop Out20%20%20%20%
Minimum Volume/Trade0.010.010.010.01
Maximum Volume/Trade50505050
SupportYesYesYesYes
Full Account Overview--MonthlyWeekly
Professional Trading Accounts

Leverage

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.

IGM Forex Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for what kind of traders
IGM FX WebtraderDesktop, Mobile (Web-based)Beginners to advanced traders who value portability and ease of use
Cross-Platform TradingAll Devices with a BrowserTraders seeking access to accounts on multiple devices with no downloads
Trading Platform

Keywords

  • 5-10 years
  • Regulated in Cyprus
  • Straight Through Processing (STP)
  • Suspicious Scope of Business
  • High potential risk

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