IGM FX Review 2026

Item: IGM FX
Rating: 5.75
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: July 06, 2026

Top Brokers Overview — United States

Min. deposit $250
Fees 4 /10
Account types 4.2 /10
Regulation 9 /10

5.8 /10

Moderate risk

IGM FX User Reviews 6.0
Commissions and Fees 4.0
Regulation and Safety 9.0
Account Types 4.2
Deposit and Withdrawal 7.0
Markets and Tradable Assets 5.5
Trading Account Opening 6.0
Customer Support 3.4

IGM FX Pros & Cons

Various trading platforms;
11 trading markets;
Fast execution of trades;
Over 160 CFDs on popular assets;
4 trading account types;
Availability of margin trading.

No PAMM or MAM accounts for passive investing;
Only clients from the European Economic Area are served;
No Islamic accounts.

TU Expert Verdict

IGM FX demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

Top-5 Brokers Traders Prefer

zForex

7.9 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.5 /10

Regulation Tier-1

EUR/USD 0.5 pips

Trading.com USA

6.8 /10

Regulation Tier-1

EUR/USD 0.9 pips

OANDA

6.8 /10

Regulation Tier-1

EUR/USD 0.1 pips

FOREX.com

6.7 /10

Regulation Tier-1

EUR/USD 0.7 pips

IGM FX User Reviews

Score:

6 /10

3 total

5-star

0%
4-star

33%
3-star

33%
2-star

33%
1-star

0%

IGM FX offers a standard set of instruments and a simple interface. The platform operates without major disruptions, and trades are executed reliably. Commissions and spreads are at an average level. Analytics are basic, but sufficient for regular trading. Overall, the conditions appear predictable and without aggressive promises.

I want to share a positive perspective on IGM FX! While some traders might face challenges, I’ve found that the platform offers interesting trading opportunities. By carefully analyzing signals and trends, it’s possible to navigate the market effectively. With patience and strategy, IGM FX can be a useful tool for learning and growing as a trader.

IGM FX do not withdraw money! No matter how hard I tried, and no matter how I tried to withdraw my own money, nothing came of it. I want to file a lawsuit. Maybe this way I can get back the 10 thousand bucks that these scammers embezzled! I hope so!

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Commissions and Fees

Score:

4 /10

The trading and non-trading commissions of IGM FX have been analyzed and rated as having High fees, with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

No deposit fee
No withdrawal fee

Above-average Forex trading fees
No ECN/Raw Spread account

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of IGM FX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, IGM FX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

IGM FX Standard spreads
	IGM FX	ZForex	OANDA
EUR/USD min, pips	0.3	0.1	0.1
EUR/USD max, pips	1.7	0.4	0.5
GPB/USD min, pips	0.5	0.2	0.1
GPB/USD max, pips	0.8	0.6	0.5

Does IGM FX support RAW/ECN accounts?

As we discovered, IGM FX does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with IGM FX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

IGM FX Non-Trading Fees
	IGM FX	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0	0-15
Inactivity fee ($, per month)	20	0

Is IGM FX Safe?

Score:

9 /10

IGM FX has a safety score of 9/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Tier-1 regulated
Negative balance protection
Track record over 10 years

Strict requirements and extensive documentation to open an account

IGM FX Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
CySec	Full Name Cyprus Securities and Exchange Commission	Country of regulation Cyprus	Investor Protection Fund Up to €20,000	Regulation Level Tier-1

IGM FX Security Factors
Foundation date	2016
Negative balance protection	Yes
Verification (KYC)	Yes

Account Types

Score:

4.2 /10

IGM FX offers the following account options: Standard, VIP.

IGM FX covers the core account types, making it convenient for traders with different preferences and strategies.

Low minimum deposit
Exclusive VIP account with enhanced trading conditions
Standard account with balanced trading conditions

No ECN/Raw spread account
Micro lots are not available

IGM FX account types vs top competitors
	IGM FX	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	No	Yes	No
Demo	No	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	No	Yes	Yes
VIP	Yes	No	No
Managed	No	No	No

IGM FX accounts trading conditions

The brokerage company provides 4 types of accounts. For Trading accounts, leverage is 1:30, Pro clients trade with leverage of 1:400; and stop outs are 100/20%. Additionally, Pro clients get access to VIP education and training.

Trading account types:

Account Type	Description
Classic	Leverage is 1:30. Leverage for Pro accounts is 1:400;
Silver	Leverage is 1.30. Leverage for Pro accounts is 1:400;
Gold	Leverage is 1:30. Leverage for Pro accounts is 1:400;
VIP	Leverage is 1:30. Leverage for Pro accounts is 1:400.

IGM FX provides favorable trading conditions for both novice and professional traders.

Deposit and Withdrawal

Score:

7 /10

IGM FX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

IGM FX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Bitcoin (BTC) accepted
Bank wire transfers available
Low minimum withdrawal requirement
No deposit fee

BTC not available as a base account currency
Only major base currencies available
PayPal not supported

What are IGM FX deposit and withdrawal options?

IGM FX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.

IGM FX Deposit and Withdrawal Methods vs Competitors
	IGM FX	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	Yes	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	Yes	Yes	No

What are IGM FX base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. IGM FX supports the following base account currencies: USD, EUR, GBP.

What are IGM FX's minimum deposit and withdrawal amounts?

The minimum deposit on IGM FX is $250, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact IGM FX’s support team.

Markets and Tradable Assets

Score:

5.5 /10

IGM FX offers a limited selection of trading assets compared to the market average. The platform supports 160 assets in total, including 50 Forex pairs.

Copy trading platform
Commodity futures are available
Indices trading

Bonds not available
Crypto trading not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by IGM FX with its competitors, making it easier for you to find the perfect fit.

	IGM FX	ZForex	Plus500
Currency pairs	50	50	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	160	80	2800
Stocks	Yes	Yes	Yes
Commodity futures	Yes	Yes	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	No	Yes	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products IGM FX offers for beginner traders and investors who prefer not to engage in active trading.

	IGM FX	ZForex	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	Yes	Yes	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

6 /10

We successfully registered an account with IGM FX in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at IGM FX is $250.

The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.

Fully online account opening process
Low minimum deposit requirement

Account approval may require extra time depending on the documentation.
Registration process may take longer than expected

IGM FX account opening
	IGM FX	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$250	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	20	8	5
KYC time (days)	2	1	3

Is IGM FX available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

To start trading, create a user account with IGM FX. Some brief instructions on how to register an account are as follows:

On the official website of IGM FX, click the Open Account button. The system will offer to create an account for an individual or a company.
Once the account type has been selected, the registration form must be completed. Depending on the account, the broker requires not only your contact details but also the origin of funds and your trading experience.
Next, to make a deposit, you need to verify your IGM FX user account. Without verification, the main features of the broker will not be available, so uploading scanned documents is mandatory.

Additional functions of the user account are:

Dashboard, where information about the trading account is displayed;
Wallet, which shows the total balance and results of trading sessions;
List of trading accounts;
Tickets;
Trading instruments;
A section where you can contact IGM FX client support.

Customer Support

Score:

3.4 /10

The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.

In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.

Information

Technical support managers are available 24/5. Clients can apply for assistance from Monday to Friday.

Technical support can help solve any technical issue related to the use of trading instruments
Tech support answers quickly

Support is available 24/5 only
Communication is possible in English only

Ways to contact IGM FX technical support:

by phone. The number is posted in the Contact Us section of the website;
by email;
through the feedback form.

Only verified clients can communicate with technical support through their user account.

Contacts
Foundation date	2016
Registration address	1 Agias Zonis, No. 504, Block B, 5th Floor, Nikolaou Pentadromos Center Building, 3026 Limassol, Cyprus.
Official site	https://www.igmfx.com/en/
Contacts	support@igmfx.com +357 25252371

Best IGM FX Alternatives

zForex

7.9 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.5 /10

Regulation Tier-1

EUR/USD 0.5 pips

Trading.com USA

6.8 /10

Regulation Tier-1

EUR/USD 0.9 pips

OANDA

6.8 /10

Regulation Tier-1

EUR/USD 0.1 pips

FOREX.com

6.7 /10

Regulation Tier-1

EUR/USD 0.7 pips

FAQs

How safe is trading with IGM FX in terms of regulation and investor protection?

IGM FX has a safety score of 9/10, described as a high security level, and is regulated by the Cyprus Securities and Exchange Commission (CySEC), a Tier-1 regulator in Cyprus. The broker offers negative balance protection, requires KYC verification, and participates in an investor protection fund that can provide coverage up to €20,000, with a track record since 2016.

What account types and leverage options does IGM FX provide for different traders?

According to the section, IGM FX offers Standard and VIP accounts, along with four trading account types labeled Classic, Silver, Gold, and VIP. Retail leverage is 1:30, while Pro clients can use leverage of 1:400, and Pro clients also receive access to VIP education and training; however, there is no demo, ECN/raw spread, cent, micro, swap-free, or managed account mentioned.

What do user reviews and feedback indicate about overall satisfaction with IGM FX?

IGM FX has a user satisfaction score of 6/10 based on three reviews, with ratings distributed as 33% 4-star, 33% 3-star, and 33% 2-star, and no 5-star or 1-star ratings. According to user reviews, this distribution suggests a mixed overall impression rather than clearly positive or negative sentiment.

What do reviews and feedback say about IGM FX deposit and withdrawal methods and conditions?

The section states that IGM FX offers a basic range of deposit and withdrawal options, including bank cards, bank wire, Skrill, Neteller, BTC, USDT, and Ethereum, with no deposit fee and a low minimum withdrawal requirement. It also notes some limitations, such as PayPal not being supported, BTC not available as a base account currency, and generally limited flexibility that may lead to higher costs, while base account currencies are listed as USD, EUR, and GBP, and the minimum deposit and withdrawal amounts are $250 and $10 respectively.

How does the IGM FX account opening process work and what do user comments imply about its speed?

The account opening process at IGM FX is fully online, with registration taking about 20 minutes and KYC verification typically completed within 2 business days, and a minimum deposit of $250 required. The section notes that while the onboarding works as expected, the registration and approval steps may take longer than some users anticipate, especially if additional documentation is needed.