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IGMFX Review

IGMFX is a new Crypto / Forex CFD broker in Cyprus, that is owned by IGM Forex Ltd. Contact phone number is: +357 25252371, and the customer service email address is: [email protected]. Official website is at: https://www.IGMfx.com/.

For withdrawal problems and issues, read this.

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IGMFX Review

IGMFX is a new online broker for investing in CFD’s on a range of items like Forex, Crypto and Stocks. IGMFX offers investors and day traders like yourself, the classic MT4 CFD trading platforms.

Officially they have available for trading, a few hundred underlying assets in all categories: Crypto, Forex, Stocks, Commodities and Market Indices. When we signed up for a demo account, we only saw Crypto Currencies listed for trading. Investors will quickly see that this broker offers the MT4 web based and desktop trading platform, along with mobile apps.

Standard leverage on Forex / Currency trading is 30:1 in Europe. Their indicative spreads start at 2.5 pips. Bitcoin, Litecoin, Ethereum and Ripple CFD’s are listed for traders outside of England. Minimum deposit requirement for a live trading account starts at $250.

See the Best MT5 brokers, look here.

IGMFX Broker Accounts

 

Bitcoin Trading Apps

Most people reading this review encountered an automated trading app, that is called something like Bitcoin Revolution. After you signup, they redirect you to a Forex broker like IGMFX.

Before investing with a Crypto trading app, you should know;

  1. Automated trading apps are not 100% accurate.
  2. On average 80% of CFD investors lose money, so those crazy promises of huge profits are false.
  3. This broker is not authorized or licensed to give you investing advice.

You can read more about automated trading robots.

IGMFX Trading App

Is IGMFX a Legit Broker?

The correct way for investors to research an online broker to know if they are a legitimate company or a scam, is by verifying the brokers license. When you see that your broker has a valid license, and you verified it on the government regulators website, then you know that you are trading with a legal broker.

IGMFX.com is owned and operated by IGM Forex Ltd, which is licensed & regulated by CySEC in Cyprus, with license number 309/16. They are located at: 5 Matheou Matheou Street, Agiou Athanasiou Industrial Area, Limassol 4101 Cyprus.

Trading with a licensed broker usually means that you will not have problems withdrawing your money. For withdrawal problems and complaints, read this.

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Compare Forex Brokers

Hundreds of online brokers are all desperate for your business, and there are brokers that have been around awhile, making them a popular choice, see here.

PepperStone is an international licensed broker, that offers Mirror Trader and other social trading options, see here.

Start Trading at: Pepperstone.com.

What was your experience investing with IGMFX? Please share your feedback in the comment section below.