IM Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-27 18:21

Abstract：IM Markets was registered in 2023 in Saint Vincent and the Grenadines, but it is suspected fake clone now. It claims to offer 700+ trading instruments, including forex, commodities, cryptocurrencies and indices. The company uses web and mobile apps as its trading platforms, and there are two types of accounts available, including Standard and ECN.

IM Markets Review Summary
Founded	2023
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	ASIC (Suspicious Clone)
Market Instruments	700+, forex, commodities, cryptocurrencies and indices
Demo Account	/
Leverage	Up to 1:1000
Spread	From 0.1 pips
Trading Platform	Web & Mobile App
Min Deposit	$15
Customer Support	24/5 live chat
	Tel: 2304634500
	Instagram: https://www.instagram.com/im.markets/
	YouTube: https://www.youtube.com/channel/UCu_IpjO0NDXsR-V5phtxqjw
	Email: support@IM Markets.com
	Address: Suite 305, Griffith Corporate Center, Beachmont, Kingstown, St. Vincent and the Grenadines
Regional Restrictions	Afghanistan, Belarus, Botswana, Burundi, Congo, Cuba, Egypt, Guinea, Guinea-Bissau, Iran, Iraq, Japan, Lebanon, Liberia, Libyan Arab Jamahiriya, Mali, Nicaragua, Nigeria, North Korea, Pakistan, Singapore, Somalia, Somali Republic, South Africa, Spain, Sudan, Syrian Arab Republic, Togo, United States of America, Venezuela, Yemen, Zimbabwe

　　IM Markets was registered in 2023 in Saint Vincent and the Grenadines, but it is suspected fake clone now. It claims to offer 700+ trading instruments, including forex, commodities, cryptocurrencies and indices. The company uses web and mobile apps as its trading platforms, and there are two types of accounts available, including Standard and ECN.

Pros and Cons

Pros	Cons
Various trading products	Suspicious clone ASIC license
Low minimum deposit	Regional restrictions
24/5 live chat support	No MT4/5

Is IM Markets Legit?

　　No, IM Markets currently has no valid regulations. Traders should carefully consider the risks it brings when choosing to trade with it.

Regulatory Status	Suspicious Clone
Regulated by	Australia Securities & Investment Commission (ASIC)
Licensed Institution	MGF CAPITAL PTY LTD
Licensed Type	Institution Forex License (STP)
Licensed Number	421246

What Can I Trade on IM Markets?

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Stocks	❌
Bonds	❌
Options	❌
ETFs	❌

Leverage

　　IM Markets provides incredibly high leverage up to 1:1000, which is very high. Customers must exercise caution when investing, since high leverage might pose significant dangers.

Account Type

Account Type	Standard	ECN
Min Deposit	$1	$1

Trading Platform

　　IM Markets only provides its clients web platform and apps on Android devices.

Trading Platform	Supported	Available Devices	Suitable for
Web Trader	✔	Web	/
Mobile Trading App	✔	Android	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　IM MARKETS allows their clients to instantly convert cryptocurrencies in their platform accounts into cash and transfer them to their personal bank cards, such as VISA/MASTER CARD and USDT.