Overview of IMS Markets
IMS Markets is a broker operating in Cyprus, focused on providing complex investment services under the regulation of CySEC. It offers a range of trading products including Forex, indices, and commodities. Traders can choose from three account types with competitive spreads and leverage up to 30:1.
The broker emphasizes customer support by providing multiple contact options and offers multilingual localized support, extensive education, and daily market analysis for traders, which will help traders make better choices when selecting trading assets.
Regulatory Status
IMS Markets is regulated by CySEC with License No.: 229/14 and the License Type is Straight Through Processing(STP).
Pros and Cons
IMS Markets offers several advantages, including a diverse range of tradable assets, regulatory authority oversight, demo accounts, and comprehensive customer support. Additionally, the initial deposit required is low, and various methods are available for customers to deposit and withdraw funds.
However, the broker provides limited educational resources and does not offer trading platforms or convenient trading apps. Additionally, it offers lower leverage compared to others, which may limit trading flexibility and potential profit margins for traders seeking aggressive investment strategies
Market Instruments
IMS Markets offers three types of assets, including Forex, Indices, and commodities. With an array of products on offer, traders are advised to work their way to the top of the trading ladder. With such a diverse range of products available, IMS Markets caters to various trading preferences and provides ample opportunities for traders to explore and capitalize on different financial markets.
Account Types
IMS Markets offers three types of live trading accounts: Classic Account, Gold Account, and Premium Account. Additionally, the broker provides demo accounts, which are beneficial for new traders.
Traders with each account type can enjoy services such as negative balance protection, 24/5 support, a dedicated account manager, free platform tutorials, and free account overviews.
The leverage offered is 1:30. The Classic Account requires the lowest minimum deposit of 50 USD, while the Premium Account has a minimum deposit of up to 1000 USD. Regarding commissions, the Gold Account has the highest rate, charging up to $8 per round lot.
Traders can select the account type that aligns with their trading strategy and enjoy competitive spreads and high leverage for enhanced trading opportunities.
How to join？
Join IMS Markets is a straightforward process that can be completed in a few simple steps:
Sign up: Select open “Live Account” & Complete the first step of your registration form.
Get verified: Verify your email address.
Complete application: Complete the application form in your members area by selecting My Profile from the toolbar
Submit: Submit your documents (section Personal Info)
Create account: From your member area click on Trading Accounts to create a Live Trading Account.
Fund: Fund your account and start trading.
Leverage
The leverage for each account can go up to 1:30, which is not high compared to other brokers.
Spreads & Commission
IMS Markets offers competitive spreads; the average spreads for Gold and Premium accounts are 0.5 pips. Traders should pay attention to the commissions: the minimum commission for the Classic account is $4 per round lot, while the commission for the Gold account can reach up to $8 per round lot.
Deposit & Withdrawal
IMS Markets provides several methods for transferring funds. Processing clients' deposits is swift and efficient, and currency options include EUR, USD, and GBP. Traders can deposit money via bank transfer, Visa, Mastercard, Skrill, and Neteller.
Traders are advised to pay attention to the processing times: bank transfers require 2-5 business days (Monday-Friday), while other methods take up to 24 hours. There is a minimum deposit amount of 50 USD or its equivalent in a foreign currency, and there is no minimum amount for withdrawals.
Customer Support
IMS Markets provides various contact options to assist clients with different needs:
Telephone consultation: The responsive customer service team at IMS Markets is ready to answer any questions you may have. The customer support number is +357 25 057221, available online 24/5.
Email: You can contact the company via email at info@imsmarkets.com.
Head Office: You are welcome to visit our office, which is located at 3 Pythagora Street, Pythagoras Court, 4th Floor, Limassol 3027, Cyprus.
Online Message: You can also send messages online to the broker, and we will respond promptly.
FAQs: If you have questions and seek quick answers, IMS Markets offers a comprehensive list of Frequently Asked Questions (FAQs) on our website, where you can find a lot of useful information.
Educational Resources
The educational resources that IMS Markets displays on its website are limited, consisting only of blogs related to economic indicators and trading opportunities in forex trading. To enhance their learning experience, clients may benefit from seeking additional comprehensive materials or participating in more structured educational programs offered by other platforms or institutions
Conclusion
In conclusion, IMS Markets is a broker that offers several advantages, including a diverse range of tradable assets, regulatory authority oversight, demo accounts, and comprehensive customer support. Additionally, it requires a low initial deposit and provides multiple fee-free options for depositing and withdrawing funds.
However, there are some drawbacks: the broker offers limited educational resources and lower leverage compared to others, and does not provide trading platforms or convenient trading apps. Traders should take these factors into consideration when choosing to trade with IMS Markets to ensure a secure and informed trading experience.
FAQs
Q: How can I reset my lMS Markets password？
A: In the case that you forget your password or would simply like to reset it, simply click on the log in area and then select the forgotten password. Steps will then be sent to your email to reset your password.
Q: Why is my account blocked？
A: Your account may be blocked if you have not sent us the reguired documentation to have a live accountIf you fnd your account has been blocked, please contact our team to aid you towards reactivating it.
Q: What documents do I need to open an account？
A: In order to open an account you will need to provide the following documents:
A copy of a valid government-issued ID (e.g. Passport, lD card, driver's license),- containing your name, picture and date of birth
A utility billfor address verifcation (e.g. electricity, water, gas)- not older than six months, containing your name, address, date。
2023-04-03 18:03
2023-02-24 14:31
