IM Markets Information Revealed
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.
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