IGM Forex -Overview of Spreads & Leverage Details

Who is the IGM Forex？

IGM FX is founded in 2016, a brokerage house operating for CFD traders based in the European Economic Area (EEA), with headquarters in Limassol, Cyprus. IGM FX is regulated by CySEC with CIF license number 309/16. IGM FX offers over 160 tradable assets based on FX, stocks, indices, commodities, and cryptocurrencies, plenty of educational resources, and technical analysis tools. There are over 160 tradable assets at IGM FX, including CFDs based on shares, indices, commodities, and cryptocurrencies, on top of the FX offer.

Spreads & Commissions

The spreads offered by IGM FX in standard accounts like the Silver and the Gold account sounds way too high, EURUSD 2.5 pips, GBPUSD 2.8 pips, Crude Oil $0.10, and even in its so-called VIP account, EURUSD spread from 0.9 pips, GBPUSD from 1.4 pips. In general, spreads are too wide at IGM FX.

Leverage

Retail customers will benefit from a maximum of 1:30 leverage for FX, while for professionals, the maximum leverage is 1:400.

Deposit & Withdrawal

The ways traders can deposit funds at IGM Forex are: Bank Transfer, Credit Card, Skrill, Neteller, China Union Pay and Rapido.