Overview
IGM Limited, based in the UK, offers a variety of account types with a minimum deposit starting at €200 for a Standard Account. However, it operates without regulatory oversight, which raises concerns about security. The maximum leverage of up to 1:200 allows for significant trading potential, but traders should be cautious due to the lack of regulation. The broker provides access to a wide range of tradable assets, including currency pairs, CFDs, indices, metals, commodities, and stocks. Customer support is available via email at supporto@igmlimited.co. However, the website's current status being down is troubling and may affect the broker's reliability.
Regulation
IGM Limited operates as a broker but is not subject to regulation. Clients should exercise caution when dealing with IGM Limited due to the lack of regulatory oversight, which may pose risks to their investments.
Pros and Cons
IGM Limited presents several drawbacks and risks that potential clients should carefully consider before engaging with the broker. Notably, the lack of regulatory oversight raises concerns about the security and reliability of the platform. The high leverage offered can amplify both potential profits and losses, increasing the risk for traders. Additionally, the varying spreads and suspicious website downtime further contribute to the uncertainty surrounding the broker's operations.
Market Instruments
IGM Limited offers a comprehensive selection of market instruments, including:
Currency pairs: Over 200 currency pairs are available for forex trading, encompassing major, minor, and exotic pairs.
CFDs (Contract for Difference): Traders can access a wide range of CFDs, allowing them to speculate on the price movements of various assets without owning the underlying asset.
Indices: IGM Limited provides access to major global indices, enabling traders to participate in the performance of leading stock market benchmarks.
Metals: Precious metals such as gold, silver, platinum, and palladium are available for trading, providing opportunities for portfolio diversification and hedging against inflation.
Commodities: A variety of commodities, including oil, natural gas, agricultural products, and industrial metals, are offered for trading, allowing investors to capitalize on price movements in global commodity markets.
Stocks: Traders can invest in a wide range of individual stocks from major global exchanges, enabling them to build diversified portfolios and take advantage of opportunities in specific companies and sectors.
This diverse range of market instruments caters to the varying needs and preferences of traders, offering opportunities for profit in different market conditions.
Account Types
IGM Limited offers a range of account types tailored to different trader preferences and requirements:
VIP Account:
Minimum Position: 0.01 lot size
Products: 200+ Currency Pairs, CFDs, Indices, Metals, Commodities, and Stocks
Minimum Spread: from 0.7
Minimum Deposit: 250,000.00€
Maximum Leverage: 1:200
Platinum Account:
Minimum Position: 0.01 lot size
Products: 200+ Currency Pairs, CFDs, Indices, Metals, Commodities, and Stocks
Minimum Spread: from 1
Minimum Deposit: 100,000.00€
Maximum Leverage: 1:100
Gold Account:
Minimum Position: 0.01 lot size
Products: 200+ Currency Pairs, CFDs, Indices, Metals, Commodities, and Stocks
Minimum Spread: from 1.5
Minimum Deposit: 50,000.00€
Maximum Leverage: 1:100
Silver Account:
Minimum Position: 0.05 lot size
Products: 200+ Currency Pairs, CFDs, Indices, Metals, Commodities, and Stocks
Minimum Spread: from 2.2
Minimum Deposit: 10,000.00€
Maximum Leverage: 1:50
Standard Account:
Minimum Position: 0.1 lot size
Products: 200+ Currency Pairs, CFDs, Indices, Metals, Commodities, and Stocks
Minimum Spread: from 2.9
Minimum Deposit: 200.00€
Maximum Leverage: 1:30
Each account type caters to different trading styles, capital levels, and risk appetites, providing traders with flexibility and options to choose from based on their individual needs.
Leverage
The broker offers a maximum trading leverage of 1:200. This leverage ratio allows traders to control positions worth up to 200 times their account balance, amplifying both potential profits and losses. It provides traders with the ability to trade larger positions with a smaller amount of capital, but it also increases the risk involved in trading.
Spreads
The spreads, which represent the difference between the bid and ask prices, start from as low as 0.7 pips for the VIP account, 1 pip for the Platinum account, 1.5 pips for the Gold account, and 2.2 pips for the Silver account. For the Standard account, spreads start from 2.9 pips.
Customer Support
IGM Limited's customer support aims to provide prompt and comprehensive assistance to its clients. Through the email support channel at supporto@igmlimited.co, traders can reach out for inquiries, assistance with account-related matters, technical support, or any other questions they may have regarding their trading experience. The support team is committed to addressing queries efficiently and effectively, ensuring that clients receive the assistance they need to navigate the platform, understand trading products, and resolve any issues they encounter promptly.
Conclusion
In conclusion, while IGM Limited offers a diverse range of market instruments and account types catering to different trading preferences, potential clients should exercise caution due to the lack of regulatory oversight. The high leverage and varying spreads may appeal to some traders, but it's essential to weigh the risks associated with trading on an unregulated platform. Additionally, the unavailability of the website raises suspicions about the reliability of the broker. Therefore, thorough research and consideration are advised before engaging with IGM Limited.
FAQs
Q1: Is IGM Limited regulated？
A1: No, IGM Limited operates as a broker without regulatory oversight.
Q2: What is the maximum leverage offered by IGM Limited？
A2: IGM Limited offers a maximum trading leverage of 1:200.
Q3: What is the minimum deposit required for a VIP account？
A3: The minimum deposit for a VIP account with IGM Limited is €250,000.00.
Q4: How many currency pairs are available for trading with IGM Limited？
A4: IGM Limited offers over 200 currency pairs for forex trading.
Q5: How can I contact customer support at IGM Limited？
A5: You can reach IGM Limited's customer support team via email at supporto@igmlimited.co.
Risk Warning
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.
