IGM FX Rating
IGM FX – Introduction
IGM FX is a broker oriented towards providing high-quality trading resources, in terms of education, technology, customer support, and regulatory compliance, carrying the ultimate goal of assisting traders to discover their full potential.
The brand is CySEC licensed and since it is registered with multiple European regulators, IGM FX proves to be in line with all the latest regulatory requirements, able to provide customized trading services for CFD traders across the entire European Economic Area.
With an abundance of trading features available, does IGM FX manage to provide enough so traders will be satisfied? Our review will focus on some of the most promising provisions and ultimately help you decide if trading the financial markets in 2020 would be appropriate with IGM FX.
IGM FX Trading Platforms
MetaTrader 4 is undeniably one of the best trading platforms to trade CFDs and since it has been consistently one of the most popular solutions, IGM FX continues to keep it as the main desktop platform. It is downloadable software, compatible with Windows, Linux, or macOS, integrating the features need to tackle the markets:
- More than 30 available technical indicators
- Customizable EAs
- Simple user interface
- Multiple order types and execution modes
- Trading analysis tools.
The IGM FX Web Trading Platform complements the benefits of MT4, by providing a second option that’s browser-based and more flexible since it does not require any installation. It’s most notable features are:
- Access to all 160+ markets
- User-friendly web interface
- 3-clicks transactions
- Stop loss and take profit calculators
- New limit order
- Android and iOS compatible.
On top of the WebTrader, mobile trading is available using the Android or iOS versions of MT4. Users can download the apps on a smartphone or tablet and log in to their accounts by searching for the IGM FX service and filling in the credentials.
IGM FX Assets
With the IGM FX assets offer you can trade your favorite assets, considering the broker is currently covering 160+ markets. CFDs based on Forex, indices, commodities, shares, and cryptos are part of the offer, to ensure ample diversification capabilities.
Due to the European regulation, trading conditions will be different for retail and professional customers. Keep in mind that the maximum leverage, stop out level, and other trading benefits will be affected by this factor.
All customers get access to the entire asset offer, regardless of their account type, having the ability to trade even micro-lots. Gaining a diversified exposure is not an issue, considering IGM FX has support for the most popular assets from the top 5 markets.
IGM FX Account Types
Retail or professional, each customer will need to choose one of the 4 different account types currently part of the IGM FX offer. Silver, Gold, VIP, and Platinum accounts, each come with different features and provisions. Spreads decrease as we move to a higher account and new features such as trading signals, full account overview, VIP webinars, or dedicated account manager are enabled.
Traders can open accounts denominated in EUR, USD, or GBP, and with the minimum deposit required 250 USD/EUR/GBP, anybody can start to trade with IGM FX without even with little money.
Credit/debit card, wire transfer, Neteller, and Skrill are the main funding methods currently supported and should be convenient for European traders.
Trading Features by IGM FX
Some of the reasons why CFD traders should start working with IGM FX have to do with the customer-oriented approach of the broker. The customer support is available 24/7 via multiple communication channels.
Secondly, traders can take advantage of educational resources and trading analysis tools, provided to help them gain more insights into market performance. IGM FX remains fully committed to professionalism and because of that, the quality of the information provided on its website is updated and reliable.
Thanks to the 4 different account types available, the features provided are diversified and those who deposit more funds are rewarded with better trading conditions.
Pros and Cons
- Coverage for 160+ different markets
- Easy account opening process
- Plenty of trading education resources available
- Regulatory compliance with the latest requirements for the EEA
- An upgrade to MT5 would be welcomed
- Wider spreads for Classic account holders
- Only gold and VIP accounts get access to dedicated account managers
Final Thoughts
At a time of increased demand for trading-related services, IGM FX comes with a personalized trading offer that aims to reach a broad range of traders in the European Economic Area. Ensuring regulatory compliance and then providing enough trading resources is the two-steps process that IGM FX relies on.
Considering it already has an established reputation, there are no doubts about its reliability. IGM FX conducts its activity transparently and is willing to provide any information related to its services to any individual interested to open a trading account.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
