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IGMFX Review

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IGMFX is a Crypto / Forex CFD broker in Cyprus, that is owned by IGM Forex Ltd. They opened at the beginning of 2021. Contact phone number is: +357 25252371, and the customer service email address is: [email protected]. Official website is at:

For withdrawal problems and issues, read this.

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IGMFX Broker Reviews

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

Is IGMFX a Legit Broker?

Yes, is owned and operated by IGM Forex Ltd. They are actually licensed and regulated by CySEC in Cyprus, with license number 309/16. Official address is: 1 Agias Zonis, No. 504, Block B, 5th Floor, Nikolaou Pentadromos Center Building, 3026 Limassol, Cyprus.

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.

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

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