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/10

IM MARKETS

Saint Vincent and the Grenadines Saint Vincent and the Grenadines | 2-5 years |
Suspicious Regulatory License | Self-developed | Suspicious Scope of Business | 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
Biz Area Search Statistics Advertising 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
Company 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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Comment
MT4/5

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Trading App
logo
IM Markets
Beautiful charts
Software Size
--
DeveloperIM MARKETS IM Markets
screenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshots

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Official Website

Website

  • im-markets.com
    185.230.63.171
    Server Location
    United States United States
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

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IM MARKETS

Related Companies

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

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.

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • Self-developed
  • Suspicious Scope of Business
  • 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.

Two days ago
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.

Two days ago
United States

When was IM MARKETS established?

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

Two days ago
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.

Two days ago
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

Two days ago
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

Two days ago
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

Two days ago
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

Two days ago
United States
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