1. What is IGM Fx?
  2. IGM Fx Pros and Cons
  3. Is IGM Fx Safe or a Scam?
  4. Leverage
  5. Accounts
  6. Instruments
  7. Fees
  8. Spreads
  9. Deposits and Withdrawals
  10. Trading Platform
  11. Customer Support
  12. Education
  13. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading conditions, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see proposals fully to give expert opinions about IGM Fx.

What is IGM Fx?

IGM FX is a CFD and Forex trading broker that was founded in 2016 in Cyprus. The brokerage firm offers a wide range of trading products, including more than 160 CFDs on assets such as Forex, Stocks, Indices, Commodities, Metals, and Cryptocurrencies.

Based on our findings, IGM FX is regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers trading opportunities to both beginner and experienced traders in various global markets.

Overall, the broker provides a secure and competitive trading environment for both retail and professional trading. This is made possible through its proprietary Webtrader and Desktop platforms, which offer a user-friendly interface for conducting trading activities, also quite a balanced proposal that might suit various trading expectations.

IGM Fx Pros and Cons

Upon our analysis, we have identified some benefits and drawbacks to consider when selecting IGM Fx as your Forex trading broker. For the pros, the broker provides a variety of trading accounts with access to a wide selection of CFDs on major, minor, and exotic currency pairs. Additionally, IGM Fx offers competitive pricing with low spreads, as well as the opportunity to select leverage up to 1:400 for Professional trading.

For the cons, the company does not offer 24/7 customer support, which may be inconvenient for some traders. Also, the absence of an education and research section on the website, limits access to educational resources for clients. Another limitation is that the firm is regulated by only one regulatory body, which could be a drawback for some traders with the inability to open an account.

CySEC regulation and overseeNo 24/7 customer support
Available for European tradersNo educational and research materials available
Low minimum depositOne regulatory body
Commission-free trading
Low spreads
Investor Compensation Fund
Suitable for retail and professional trading

IGM Fx Review Official Website

IGM Fx Review Summary in 10 Points
🏢 HeadquartersCyprus
🗺️ RegulationCySEC
🖥 PlatformsWebtrader, MT4 Desktop, Mobile App
📉 InstrumentsCFDs on Forex, Stock, Indices, Commodity, Metals, and Cryptocurrency
💰 EUR/USD Spread0.7 pips
🎮 Demo AccountNot available
💳 Minimum Deposit$250
💰 Base CurrenciesEUR, USD, GBP
📚 EducationLimited
☎ Customer Support24/5

Overall IGM Fx Ranking

Per our research, we found that the broker offers reliable and competitive trading services with low fees and spreads for a range of trading instruments. So, we can confidently conclude that IGM Fx is a suitable choice for both novice and seasoned traders.

  • IGM Fx Overall Ranking is 7.9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
RankingIGM FxVPFXNCM Investment
Our Ranking ⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvanatagesTrading ProductsSpreadsTrading Services

IGM Fx Alternative Brokers

While IGM Fx provides favorable trading conditions, there may be other brokers in the market that offer similar or even better trading services based on personal preference. Some of these brokers may have advantages in terms of instrument range, additional licenses, or educational materials allowing them to serve traders globally. Therefore, we have compiled a list of the broker’s main competitors for you to consider exploring:

  • Pepperstone – Wide Range of Trading Instruments
  • VPFX – Good Trading Services for Professional Trading
  • NCM Investment – Competitive Trading Conditions

Is IGM Fx Safe or Scam?

No, IGM Fx is not a scam. It is a reliable and secure brokerage firm that follows the strict rules and guidelines established by CySEC, the European regulatory authority that oversees its operations.

Is IGM Fx Legit?

Yes, IGM Fx is a legit and regulated broker.  

Compliance with the regulatory requirements set by CySEC enhances the safety and confidence of traders who choose to trade with IGM Fx.

See our conclusion on IGM Fx Reliability:

  • Our Ranked IGM Fx Trust Score is 7.9 out of 10 for the good reputation and services provided. However, trading services are regulated by only one regulatory body.
IGM Fx Strong PointsIGM Fx Weak Points
Funds protectionNone
Negative balance protection
Investor compensation fund

Trading Protection

IGM Fx prioritizes the safety and security of its clients’ funds by segregating them from the firm’s accounts and not using them for operational purposes. Also, the broker provides different protective measures, such as negative balance protection which is great during times of market volatility to ensure the safety of traders’ accounts that do not go below 0. Moreover, the broker is a member of the Investor Compensation Fund, which provides protection to retail clients in case the company fails to fulfill its financial obligations.

IGM Fx Review License


Leverage is a popular trading tool that allows Forex traders to enter the market with limited capital and gain greater exposure. However, it can result in substantial gains or losses as well. Therefore, you must comprehensively understand how leverage operates and its potential consequences before engaging in any trading activities involving leverage.

IGM Fx leverage is offered according to the CySEC regulation:

  • European traders are eligible to use a maximum of up to 1:30 for major currency pairs.
  • For Professional account holders, the maximum leverage is 1:400.

Account Types

Based on our findings on IGM Fx broker, traders have the option to select between Retail and Professional account types: Classic, Silver, Gold, and Vip, which offers quite a good flexibility to choose conditions that might suit your trading need better. For Professional accounts, traders have the opportunity to select leverage with a maximum limit of up to 1:400.

Fast and easy account openingNo Demo account
Account base currencies EUR, USD, GBP
Minimum deposit amount is $250

How to Open IGM Fx Live Account?

Opening an account with a broker is quite easy. You can open it within minutes. Just follow the opening account or sign-in page and proceed with the guided steps:

  • Select and Click on the “Open Account” page
  • Enter the required personal data (Name, email, phone number, etc.)
  • Verify your personal data by upload of documentation (residential proof, ID, etc.)
  • Complete the electronic quiz confirming your trading experience
  • Once your account is activated and proven, follow with the money deposit.

IGM Fx Review Account Types

Trading Instruments

IGM Fx offers clients the opportunity to trade over 160 CFDs on more than 40 Forex pairs, Stocks, Indices, Commodities, Metals, and Cryptocurrencies. Forex trading is particularly popular among these markets due to its widespread recognition, high liquidity, and competitive spreads.

  • IGM Fx Markets Range Score is 8.3 out of 10 for trading instrument selection overall. Yet, on the other hand, many popular asset classes are not available to trade so it might be good to consider other Brokers too.

IGM Fx Review Trading Instruments

IGM Fx Fees

In terms of fees, we found that the broker offers competitive pricing for trading instruments. However, certain charges may be applicable to deposits and withdrawals, depending on the selected funding method. Also, bear in mind additional fees, such as swap or rollover fees, may be incurred during trading activities.

  • IGM Fx Fees are ranked average with an overall rating of 7.9 out of 10 based on our testing and compared to over 500 other brokers for all fees applied. See more comparison details below:
FeesIGM Fx FeesVPFX FeesNCM Investment Fees
Deposit feeYesYesYes
Withdrawal feeYesYesYes
Inactivity feeYesNoNo
Fee rankingAverageAverageAverage


Based on our test trade, IGM Fx provides low floating spreads with an average spread of 0.7 pips for the widely-traded EUR/USD currency pair in the Forex market, which is an attractive option for traders considering the average in the industry at 1.2 pips. Additionally, the broker provides competitive spreads for all major currency pairs and other popular trading instruments too.

  • IGM Fx Spreads are ranked low with an overall rating of 8.3 out of 10 based on our testing comparison to other brokers. We found Forex spread lower than the industry average and spreads for other instruments are competitive too, which is beneficial for various trading strategies.
Asset/ PairIGM Fx SpreadVPFX SpreadNCM Investment Spread
EUR USD Spread0.7 pips1.2 pips2 pips
Crude Oil WTI Spread0.0333
Gold Spread6011

IGM Fx Review Spreads

Deposits and Withdrawals

The broker offers a few funding methods to its clients to deposit funds into trading accounts, including bank wire transfers, credit/debit cards, and online payment systems like Skrill and Neteller. However, being a European Broker some payments might not be available for you personally so good to check conditions in advance.

  • IGM Fx Funding Methods we ranked good with an overall rating of 7.5 out of 10. Fees are low, and also you can benefit from various account-based currencies.

Here are some good and negative points for IGM Fx funding methods found:

IGM Fx AdvantageIGM Fx Disadvantage
Multiple account base currenciesNone
Fast digital deposits
Popular funding methods

IGM Fx Minimum Deposit

To open a live trading account with IGM Fx, traders are required to deposit a minimum amount of $250, which is considered a good offering overall.

IGM Fx minimum deposit vs other brokers

IGM Fx Most Other Brokers
Minimum Deposit $250 $500

IGM Fx Withdrawals

As we found, traders can expect a smooth and quick withdrawal process with IGM Fx, enabling them to access their funds efficiently. However, conditions usually vary by the payment provider and might take several days to appear in your account.

How Withdraw Money from IGM Fx

Here are the steps on how to withdraw funds from your trading account:

  1. Login to your account
  2. Select Withdraw Funds’ in the menu tab
  3. Enter the withdrawn amount
  4. Choose the withdrawal method
  5. Complete the electronic request with necessary requirements
  6. Confirm withdrawal information and Submit
  7. Check the current status of withdrawal through your Dashboard

Trading Platforms

The broker offers its proprietary web-based platform called IGM FX Webtrader, as well as the IGM FX MT4 desktop platform and a mobile app for MT4. These platforms offer a wide range of features including technical indicators, trading analysis tools, intuitive interfaces, multiple execution options, and various order types.

  • IGM Fx Platform is ranked good with an overall rating of 8.5 out of 10 compared to over 500 other brokers. We mark it as good since it offers the popular MT4 desktop platform and proprietary Webtrader.
PlatformsIGM Fx PlatformsVPFX PlatformsNCM Investment Platforms
Own PlatformsYesNoNo
Mobile AppsYesYesYes

Desktop Platform

Per our analysis, the IGM FX MT4 Desktop platform provides traders access to over 30 technical indicators for effective management of trading strategies. The platform offers a user-friendly interface, allowing for seamless navigation and utilization. Additionally, traders can access all 160+ available markets through the platform, accompanied by interactive charts and complimentary trading analysis tools.

IGM Fx Review Trading Platforms

Customer Support

We found IGM Fx customer support is available 24/5 through Email and Phone. The Broker has a team of experienced trading specialists who are available to help clients with various issues. These include technical problems, general inquiries, and operational concerns.

  • Customer Support in IGM Fx is ranked good with an overall rating of 7 out of 10 based on our testing. We got fast and knowledgeable responses, and also it is easy to reach during the working days.

See our find and ranking on Customer Service Quality:

Phone support and emailNo 24/7 customer support and live chat
Quick responses
Relevant answers

IGM Fx Education

In the end, the broker lacks a dedicated section on its website for educational materials, seminars, and webinars. This absence can be considered a drawback since educational resources play a crucial role in the development and improvement of traders’ skills. However, as we found Webtrader platform provides traders with access to some basic free educational materials and resources mainly with general tools.

  • IGM Fx Education ranked with an overall rating of 6.5 out of 10 based on our research. We recommend seeking educational resources from established and reputable brokers.

IGM Fx Review Conclusion

In summary, IGM Fx is a good established Forex trading company that allows both retail and business clients to access a diverse range of financial products. The broker’s presence in Cyprus and regulation by CySEC ensures a trustworthy trading environment.

IGM FX provides clients with the widely used MetaTrader 4 Desktop platform, equipped with a variety of useful trading tools and strategies. However, the broker lacks a dedicated section for educational materials, seminars, and webinars. Additionally, 24/7 customer support and live chat are not available.

Overall, the company offers secure trading platforms and competitive trading conditions. However, since every trader has unique requirements, you should carefully assess whether IGM Fx suits your specific trading goals and preferences

Based on Our findings and Financial Expert Opinions IGM Fx is Good for:

  • Traders from Europe
  • CFD and currency trading
  • Traders who prefer the MT4 platform
  • Beginners
  • Advanced traders
  • Professional trading
  • STP/NDD execution
  • No commission trading
  • Competitive spreads
  • EA/Auto trading
  • Good trading tools

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