General Information
IGM FX is a trusted CFD provider owned and operated by IGM Forex Ltd, a company operating transparently and within the boundaries of the latest European regulation. With headquarters in Limassol, Cyprus, the CySEC license is proof the brand is compliant, and to back that, IGM FX also has licenses with tens of different European regulators.
The target market is the European Economic Area and all CFD traders based in one of the covered countries have the ability to trade CFDs on some of the largest cryptocurrencies, on top of other instruments based on FX, stocks, indices, and commodities.
As opposed to other trading brands providing access to crypto trading services, IGM FX is regulated and already has a long track record of professionalism and a customer-oriented approach. Are you looking for a CFD brand to trade crypto and so far you did not find anything satisfying? Read our IGM FX crypto review and see if this is the right brand to work with, considering the current challenging market conditions.
Alt-text: IGM FX logo
Trading Platforms
With IGM FX traders have the unique opportunity to trade CFDs on cryptocurrencies via the popular MetaTrader 4 platform. With a long track-record behind, this trading solution continues to enjoy good feedback among retail traders and because of that, the broker continues to rely on it.
Applying any type of technical strategy is not an issue with MT4, given there are more than 30 different technical indicators available. At the same time, we should mention the support for Expert Advisors and multiple execution modes. The platform comes with customizable push notifications and alerts, a good feature especially when traders are able to constantly watch how charts unfold.
Flexibility is key at IGM FX which is why alongside MT4, a web-based solution is also provided. The IGM FX WebTrader offers access to all 160+ available markets, free trading analysis tools, a user-friendly interface, 3-clicks transactions, stop loss and take profit calculators, new limit order, and on top of that, it does not require any installation.
With these two platforms, clients can work from home or remotely without major inconveniences. IGM FX wants to satisfy traders with different tastes and it does so via a diversified trading offer.
Mobile Trading
Trading cryptocurrencies via mobile is now an important requirement and IGM FX does not fail to deliver. Traders working with the brand can use the MT4 app, available on both Google Play and App Store. On top of that, the proprietary WebTrader can also be used on a smartphone or tablet.
Cryptocurrencies continue to be volatile and because of that, traders need to monitor developments constantly, to not miss all trading opportunities, and to manage opened trades as the prices unfold. Mobile trading via trusted platforms is available at IGM FX, providing that the broker has the highest trading standards and offers top-notch trading services.
Cryptocurrency Trading
There are more than 160 different CFD instruments currently available with the brand and on top of Forex, shares, indices, and commodities, clients can trade crypto. The IGM FX cryptocurrencies available are BCHUSD, BTCUSD, ETHUSD, LTCUSD, and XRPUSD. All the instruments are denominated in US dollars, the lot contract size is 1, the minimum trade size as low as 0.01, and the maximum trade size up to 10,000.
Since these are CFD instruments, traders need to consider that there are overnight swaps involved, alongside the usual spreads. Also, trading conditions will differ because customers can be eligible for a retail or professional account.
IGM FX currently has 4 different account types (Classic, Silver, Gold, and VIP) available for both retail and professional clients. Trading conditions will be influenced by the account type chosen. The broker made it simple for someone to open and fund an account, given it supports some of the most popular payment systems (credit/debit cards, wire transfer, Skrill, and Neteller).
Summary
IGM FX is one of the brokers able to prove reliability and professionalism. Regulated by CySEC and registered with multiple European regulators, this is one of the best places to trade CFDs on some of the most popular cryptocurrencies. With support for MT4 and a proprietary WebTrader, traders have access to reliable trading software and can trade using any technical strategy.
We conclude with a positive tone and based on our analysis it turns out that IGM FX is one of the respected European trading brands. Check their website in case you would like to find out more about the services provided.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IGM FX Review
Product Name: IGM FX
Product Description: IGM FX is a trusted CFD provider owned and operated by IGM Forex Ltd, a company operating transparently and within the boundaries of the latest European regulation. With headquarters in Limassol, Cyprus, the CySEC license is proof the brand is compliant, and to back that, IGM FX also has licenses with tens of different European regulators.
Brand: IGM FX
Offer price: 100 USD/EUR/GBP
Offer URL: https://www.igmfx.com/
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Trading Platform
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Customer Service
Summary
IGM FX is a trusted CFD provider owned and operated by IGM Forex Ltd, a company operating transparently and within the boundaries of the latest European regulation. With headquarters in Limassol, Cyprus, the CySEC license is proof the brand is compliant, and to back that, IGM FX also has licenses with tens of different European regulators.
Pros
- Reliable trading software part of the IGM FX offer.
- Diversified trading offer, with multiple tools and features available.
- Support CFDs based on some of the largest cryptocurrencies.
Cons
- Only traders in the European Economic Area can open an account with IGM FX.
- 5 crypto CFDs are currently supported by the brand.
- Customer support service available in English only.
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