Score

1.53 /10
Danger

IMT Trade

Marshall Islands

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

D

Add brokers

Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.19

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Glastrox Trade Ltd

Company Abbreviation

IMT Trade

Platform registered country and region

Marshall Islands

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
IMT Trade · Company summary

Note: IMT Trade's official website https://imttrade.com/ is currently inaccessible normally.

IMT TradeReview Summary
Founded/
Registered Country/RegionMarshall Islands
RegulationNo regulation
Market InstrumentsCurrency pairs, CFDs on indices, commodities, stocks, bonds
Demo Account
LeverageUp to 1:200
SpreadFrom 2.9 pips
Trading PlatformMetaTrader 4, Mobile & Tablet Trader, and MT4 WebTrader
Min Deposit/
Customer SupportPhone: +61 283 113079
Email: support@imttrade.com

IMT Trade, operating from the Marshall Islands, provides the MT4 trading platform supporting various market instruments, including currency pairs and CFDs on indices, commodities, stocks, and bonds with leverage up to 1:200 and spread from 2.9 pips. However, this company lacks valid regulation, which mean potential risks may exist.

imt1.jpg

Pros and Cons

Pros Cons
MT4 supportedLack of regulation
Various market instrumentsNo demo accounts
Wide spreads
No info on minimum deposit
Limited payment options

Is IMT Trade Legit?

Is IMT Trade Legit?

IMT Trade is not regulated by the financial services regulatory authority in Marshall Islands, which means that the company lacks regulation from its registration site. Moreover, the current status shows that client transferring is prohibited.

Is IMT Trade Legit?

What Can I Trade on IMT Trade?

IMT Trade offers trading on currency pairs and CFDs on indices, commodities, stocks, and bonds.

Tradable Instruments Supported
Currency Pairs
Indices
Commodities
Stocks
Bonds
Cryptocurrencies
Options
Mutual Funds

Account Type

There is only one account type available: Standard Account. It is not clear whether it offers demo accounts or not.

Account TypeMax. LeverageSpread
Standard1:2002.9 pips

Leverage

On IMT Trade, the leverage can be up to 1:200, which is reasonable in the market. However, careful considerations are still needed, because potential risks still exist.

Trading Platform

IMT Trade uses MT4 as its trading platform.

MetaTrader 4 (MT4) provides a user-friendly interface, suitable for both new and experienced traders. With comprehensive technical analysis capabilities, including online quotes and interactive charts, MT4 allows users to respond quickly to price changes. The platform supports trading signals, copy trading, and algorithmic trading through Expert Advisors, automating both trading and analytics.

For traders on the go, IMTTrade Mobile & Tablet Trader offers convenient features such as bulk conclusions of transactions, real-time trading, advanced technical analysis, a macroeconomic calendar, current market reports, and transaction history.

Additionally, MT4 Webtrader enhances the trading experience with independent configuration of trading fields, clear structure, monitoring of current developments, a Click&Trade function for prompt instructions, an economic calendar, a trade calculator for profit/loss calculations, and transaction history for a clear overview of all concluded transactions.

Deposit and Withdrawal

IMT Trade only accepts payments via Visa, MasterCard and Maestro. However, it is clear that withdrawal restrictions do exist. If clients want to withdraw, then he or she must have traded 60 times of the initial deposit.

imt2.jpg

User Reviews

More

User comment

1

Comments

Write a review

xoay
more than one year
It's difficult for me to withdraw my deposit; it's truly a terrible platform.
It's difficult for me to withdraw my deposit; it's truly a terrible platform.
Translate to English
2023-12-15 19:20
Reply
0
0
1