IM Markets
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The company IM Markets LLC invites all clients to “use the global market.” According to the broker, it provides the best trading conditions and access to a modern trading terminal.
The company “IM Markets” has two domains: im-markets.com and platform.im-markets.com. The first domain offers visitors the official website of the company (the main page of the Russian version below), while the second allows users to register/login to the trading platform’s personal account.
The broker’s stated advantages:
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accurate and stable order execution,
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best trading conditions,
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modern security standards,
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24/7 customer support.
The best way to learn about the pros and cons of the company is to read reviews about “IM Markets.”
All legal information about IM Markets is contained in the footer of the im-markets.com website. It is stated there that this financial intermediary has an offshore origin — registered in the territory of Saint Vincent and the Grenadines, with license No. 3050LLC2023 from the local “Financial Services Authority.” There is also a license from the Canadian regulator MSB, permit number M20180039.
Trading conditions of IM Markets Limited
One of the key advantages of the broker IM Markets LLC is providing clients access to CFDs on over 700 trading assets, including Forex currency pairs, stocks, commodities, precious metals, and cryptocurrencies.
IM Markets company claims that clients can open both standard and ECN accounts, although specific data is not available on the official website. Nevertheless, IM Markets Limited promises the following trading conditions:
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leverage up to 1:1000,
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minimum spreads from 0.1 p.,
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minimum trade volume — 0.1 lot.
In addition to the web platform, traders have access to the Match Trader mobile terminal for IOS and Android. It is noted that IM Markets provides little information about the functionality of both the web platform and the mobile application, focusing only on user-friendly interface, reliability, and speed.
Deposits and withdrawals by IM Markets
According to IM Markets, clients have access to a wide range of payment systems, including major EPS, Visa/MasterCard bank cards, and USDT tokens. The company does not charge fees for deposits or withdrawals, but payment systems may have their own fees. No information is provided about the time of funds crediting and limits.
Conclusion on “IM Markets”
This financial intermediary has an offshore origin, holds a license, but also claims to have a Canadian license. The minimum deposit, types of accounts, and some other trading conditions are not specified on the website, and there is little information about the trading platform. It is important to note the 700+ trading assets and the ability to deposit/withdraw without fees. Reviews about IM Markets can provide detailed information about the broker.
My experience with IM Markets was absolutely dreadful. I found them to be completely disorganised and unprofessional. Their customer service was shocking, with emails left unanswered for days and phone calls never returned. There were hidden fees and charges that were not clearly stated when I initially engaged their services. To make matters worse, the trading platform was consistently lagging, causing numerous trading issues. The overall experience was frustrating and costly. I would strongly advise against using IM Markets for your brokerage needs.