Forex IM Markets Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.4

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.6

Business 0.9

Risk Control 1.2

Software 1.9

Regulatory 1.4

Terminal Snapshot

IM Markets Trading Conditions

Registered Region Saint Vincent and the Grenadines

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number N/A

Website www.im-markets.com

Balanced Review

Pros & Cons

Pros

Regulated by the Financial Services Authority of Saint Vincent and the Grenadines
Over 700 trading instruments including forex, commodities, and cryptocurrencies
Proprietary Match Trader platform for desktop and mobile
High leverage options available up to 1:1000
24/5 customer support available through multiple channels

Cons

Limited regulatory oversight due to offshore registration
High spreads, leading to increased trading costs
Absence of advanced educational resources for traders
Lack of direct stock trading options available
Limited customer support channels and hours

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	IM Markets	Anzo Capital	Focus Markets	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Saint Vincent and the Grenadines	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.4/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does IM Markets Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	Beginner and intermediate traders	Low spreads, user-friendly	Suitable for small-capital practice
Raw Spread Account	Experienced traders	Raw interbank spreads, commission-based	Best for high trading volumes
Islamic Account	Traders seeking swap-free options	Compliant with Sharia law	Available upon request
Demo Account	All traders	Practice trading without risk	Limited time access for training purposes

Account Opening Process

Opening an account with IM Markets involves a straightforward process. First, prospective clients need to complete an online application form, providing personal, employment, and financial information. After submission, identity verification is required, which includes submitting a government-issued photo ID and proof of address. Once approved, clients will receive their trading account login details. Additionally, IM Markets offers account flexibility, allowing users to upgrade to a professional account later if their trading needs change.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.8	$0	Tight spreads for major pairs
Forex (GBP/USD)	0.9	$0	Highly liquid market
CFDs (Stocks)	1.0	$0	No additional fees
CFDs (Indices)	1.2	$0	Competitive rates
CFDs (Commodities)	1.5	$0	Variety of options available
Cryptos (BTC/USD)	1.0%	0.1%	Variable depending on market conditions

Other Fees

In addition to trading fees, clients may encounter various costs associated with their IM Markets accounts. These can include deposit and withdrawal fees, though specific amounts may vary. There might also be inactivity fees for accounts that remain dormant for an extended period. Furthermore, overnight interest (swap rates) may apply to positions held overnight, and currency conversion fees could be incurred when trading in currencies other than the account’s base currency.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

IM Markets User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Oleg T.

Mumbai, India

★ ★ ★ ★ ★

IM Markets has a user-friendly platform that makes trading a breeze. I appreciate the variety of instruments available, especially the cryptocurrencies. Customer support is helpful, but I wish they were available over the weekend as well. Overall, a solid choice for traders like me who are just getting started.

Sarah L.

Toronto, Canada

★ ★ ★ ★ ★

I’ve had a great experience with IM Markets. The Match Trader platform is intuitive and offers all the tools I need for analysis. The low spreads have helped me keep my trading costs down. Their customer support is responsive and available when I need assistance. Highly recommend!

Mark R.

London, UK

★ ★ ★ ★ ★

I faced issues with withdrawals that took longer than expected. The lack of educational resources is also disappointing. While the platform works well for trading, I feel like I’m missing out on essential learning materials that could help me improve my skills.

Jessica K.

Sydney, Australia

★ ★ ★ ★ ★

My experience with IM Markets has been frustrating. I encountered significant delays in processing my withdrawal requests, and customer support did not provide clear answers. I expected better from a regulated broker. I can’t recommend them based on my experience.

Saint Vincent and the Grenadines Market