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IM MARKETS

Saint Vincent and the Grenadines Saint Vincent and the Grenadines | 2-5 years |
Questionable Regulatory License | Self-developed | Suspicious Operational Region | Australia Authorized Representative (AR) Revoked | High Potential Risk

https://www.im-markets.com

Website

Rating Index

Influence

Influence

D

Influence Index NO.1

Mexico Mexico 2.55
Surpassed 14.60% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

https://www.im-markets.com
Suite 305, Griffith Corporate Center, Beachmont, Kingstown, St. Vincent and the Grenadines

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
2-5 years
Company Name
IM MARKETS LLC
Address
Suite 305, Griffith Corporate Center, Beachmont, Kingstown, St. Vincent and the Grenadines
Qutancl

Qutancl

Unverified

Belarus

We struggled last night and sent an email requesting help. Today they were brilliant with their communication and helping us sorting out our issue. Thank you so much :)

Positive

Positive

Hnsjkk

Hnsjkk

Unverified

Kazakhstan

Great company but my only criticism is they are very customer unfriendly when it comes to outstanding balances. They are too quick to issue curt reminders and threats of closing positions if a balance is not paid.

Neutral

Neutral

LaLa123

LaLa123

Unverified

Netherlands

At IM Markets, I found a selection of assets including Forex, Indices, Commodities, and Cryptocurrencies and spreads starting from 0.1 pip appealing. They're regulated by Canadian and Australian authorities, and support multiple payment methods. They offer mobile-friendly platforms and educational resources. However, lack of clarity on minimum deposit, demo, and Islamic accounts concerns me.

Neutral

Neutral

BDSW

BDSW

Unverified

Nigeria

Trading is largely about strategy, edge, percent points but it's also about clarity. And in terms of clarity, IM Markets seemed more like a foggy morning in London, lack of explicit commission values. You buy a significant lot size, 10 lots of EUR/USD, thinking you've calculated all the costs with the minimal and vague information on commissions provided by IM Markets. Your trade goes just as planned and you're predicting a substantial profit. You close the trade, feeling like a victorious warrior as you wait for the profits to reflect in your account. And then, bam! Out of nowhere, a significant chunk of your profit gets snipped off as commission.

Neutral

Neutral

4
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MT4/5

Properly licensed MetaTrader brokers provide robust systems and continuous support, backed by mature operations, advanced technology, and strong risk controls.

Trading Apps
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IM Markets
Beautiful charts
App Size
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DeveloperIM MARKETS IM Markets
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Official Website

Verified Site

  • im-markets.com
    185.230.63.171
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
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    Creation Date
    --
    Website Name
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IM MARKETS

Related Companies

IM MARKETS PTY LTD(Australia)
Australia
IM MARKETS PTY LTD(Australia)
Active
Australia
Registration No.
667723588
Est. Date
IM Markets Limited(Canada)
Canada
IM Markets Limited(Canada)
Active
Canada
Registration No.
11997394
Est. Date

Company Profile

Company Profile

Review summary

IM Markets Review Summary
Founded2023
Registered Country/RegionSaint Vincent and the Grenadines
RegulationASIC (Suspicious Clone)
Market Instruments700+, forex, commodities, cryptocurrencies and indices
Demo Account/
LeverageUp to 1:1000
SpreadFrom 0.1 pips
Trading PlatformWeb & Mobile App
Min Deposit$15
Customer Support24/5 live chat
Tel: 2304634500
Instagram: https://www.instagram.com/im.markets/
YouTube: https://www.youtube.com/channel/UCu_IpjO0NDXsR-V5phtxqjw
Email: support@IM Markets.com
Address: Suite 305, Griffith Corporate Center, Beachmont, Kingstown, St. Vincent and the Grenadines
Regional RestrictionsAfghanistan, Belarus, Botswana, Burundi, Congo, Cuba, Egypt, Guinea, Guinea-Bissau, Iran, Iraq, Japan, Lebanon, Liberia, Libyan Arab Jamahiriya, Mali, Nicaragua, Nigeria, North Korea, Pakistan, Singapore, Somalia, Somali Republic, South Africa, Spain, Sudan, Syrian Arab Republic, Togo, United States of America, Venezuela, Yemen, Zimbabwe

IM Markets was registered in 2023 in Saint Vincent and the Grenadines, but it is suspected fake clone now. It claims to offer 700+ trading instruments, including forex, commodities, cryptocurrencies and indices. The company uses web and mobile apps as its trading platforms, and there are two types of accounts available, including Standard and ECN.

IM Markets' homepage

Pros and Cons

Pros Cons
Various trading productsSuspicious clone ASIC license
Low minimum depositRegional restrictions
24/5 live chat supportNo MT4/5

Is IM Markets Legit?

No, IM Markets currently has no valid regulations. Traders should carefully consider the risks it brings when choosing to trade with it.

Regulatory Status Suspicious Clone
Regulated by Australia Securities & Investment Commission (ASIC)
Licensed Institution MGF CAPITAL PTY LTD
Licensed TypeInstitution Forex License (STP)
Licensed Number421246
Suspicious clone ASIC license

What Can I Trade on IM Markets?

Tradable Instruments Supported
Forex
Commodities
Indices
Cryptocurrencies
Stocks
Bonds
Options
ETFs

Leverage

IM Markets provides incredibly high leverage up to 1:1000, which is very high. Customers must exercise caution when investing, since high leverage might pose significant dangers.

Account Type

Account TypeStandardECN
Min Deposit$1$1

Trading Platform

IM Markets only provides its clients web platform and apps on Android devices.

Trading PlatformSupported Available Devices Suitable for
Web TraderWeb/
Mobile Trading AppAndroid/
MT4/Beginners
MT5/Experienced traders
Trading platforms

Deposit and Withdrawal

IM MARKETS allows their clients to instantly convert cryptocurrencies in their platform accounts into cash and transfer them to their personal bank cards, such as VISA/MASTER CARD and USDT.

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Self-developed
  • Suspicious Operational Region
  • Australia Authorized Representative (AR) Revoked
  • High Potential Risk

News

WikiFX Reviews IM Markets in Depth

News WikiFX Reviews IM Markets in Depth

In this article, we'll look in-depth at IM Markets (IM), examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service.

Wiki Q&A

Is IM MARKETS a scam or a legit trading platform?

IM MARKETS LLC operates as an unregulated entity registered in Saint Vincent and the Grenadines, a jurisdiction not known for comprehensive forex brokerage oversight. The broker presents a severe risk warning, as it currently holds no valid, active regulatory licenses; its historical regulatory footprint includes revoked authorizations from ASIC and FINTRAC. This operational structure means clients do not have access to standard investor protection or compensation schemes typically mandated by major financial authorities.

04-02
United States

Which regulator oversees IM MARKETS?

IM MARKETS is not overseen by a mainstream financial regulator. The broker is registered in Saint Vincent and the Grenadines, a jurisdiction that does not license or supervise forex brokers. Its historical regulatory footprint includes revoked licenses from ASIC in Australia and FINTRAC in Canada, and it currently holds no verified, active regulatory licenses that offer client protection for retail trading activities.

04-02
United States

When was IM MARKETS established?

Based on available operational history, IM MARKETS has been active for between 2 to 5 years.

04-02
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States
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