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6.31/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • $1
Trading platform:
  • Mobile Apps
  • Match Trader Web Platform

Our Evaluation of IM Markets

6.31/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

IM Markets is a moderate-risk broker with the TU Overall Score of 6.31 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by IM Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.

IM Markets is a new online broker that offers basic options for trading in over-the-counter markets, but in some areas, it still lags behind more established brokerage firms.

Brief Look at IM Markets

IM Markets is a global CFD broker that launched in April 2023. It offers trading services to clients worldwide, except for certain restricted jurisdictions like the U.S., Spain, Japan, Egypt, and others. Based in Saint Vincent and the Grenadines (registration number 3050LLC2023), IM Markets provides access to a range of tradable assets through its Match Trader web platform. These include major and minor currency pairs, CFDs on blue-chip stocks, major indices, popular cryptocurrencies, and key commodities. The broker offers STP (Straight Through Processing) and ECN (Electronic Communication Network) accounts to cater to different trading styles. Clients can leverage their positions up to 1:1,000, and IM Markets also features a social trading platform for those who want to follow and learn from successful traders.

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Advantages of trading with IM Markets:
  • No minimum deposit requirement;
  • A wide range of trading instruments;
  • ECN, STP, and Demo accounts;
  • A versatile platform for active trading and social trading;
  • Bonuses for new and existing clients;
  • Account funding and withdrawals without brokerage fees;
  • Trading with leverage up to 1:1,000.
Disadvantages of IM Markets:
  • High spreads, which result in high trading fees;
  • Registration in an offshore zone, where Forex brokers are not regulated;
  • Lack of cent accounts and swap-free Islamic accounts.

TU Expert Advice

Anastasiia Chabaniuk

Author, Financial Expert at Traders Union

IM Markets provides a selection of trading instruments including major and minor Forex pairs, CFDs on stocks and indices, commodities, and popular cryptocurrencies, accessed via its Match Trader web platform. The broker offers STP, ECN, and demo account types with the option of high leverage up to 1:1000. A notable advantage is the absence of a minimum deposit requirement, coupled with bonus offerings and fee-free deposits and withdrawals. Additionally, IM Markets integrates social trading features for those keen on learning from successful traders.

Despite its competitive offerings, IM Markets has some drawbacks, such as high spreads leading to increased trading fees and operation under an offshore jurisdiction with limited regulatory oversight. The lack of swap-free and cent accounts may limit its appeal for specific trader types. The broker’s transparency is also questioned, given its offshore registration. Therefore, IM Markets may be more suitable for experienced traders comfortable with high leverage and who do not prioritize regulatory protections or specific account structures.

IM Markets Trading Conditions

Your capital is at risk.  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage 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.

💻 Trading platform: Match Trader Web Platform, Mobile App (Coming Soon)
📊 Accounts: Demo, STP, Standard, Live (ECN)
💰 Account currency: USD, EUR, and others
💵 Deposit / Withdrawal: Visa/Mastercard, Bank Transfer, USDT, Awepay, Wintech, Raxis, Noqodi, PayRetailers, Stripe
🚀 Minimum deposit: $1
⚖️ Leverage: Up to 1:1,000
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 EUR/USD spread: 0,2 pips
🔧 Instruments: Currency pairs, CFDs on cryptocurrencies, commodities, metals, stocks, stock indices
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Available through the web platform
➕ Affiliate program: Yes
📋 Order execution: Market Execution
⭐ Trading features: Floating spreads, and no restrictions on strategies
🎁 Contests and bonuses: Cashback, credit bonus, accumulation bonus, and more.

IM Markets offers flexible trading conditions with no minimum deposit requirements for both STP and ECN accounts. A unified trading platform, Match Trader Web, provides access to a comprehensive range of financial instruments. Floating spreads across all CFD classes ensure competitive pricing, while market-based order execution offers efficient trading. Traders can choose their preferred base currency to align with their geographic location and investment strategies. IM Markets does not currently provide swap-free accounts.

IM Markets Key Parameters Evaluation

User Satisfaction i

Score:
6/10

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Billculbard3792
42 weeks ago

After testing the demo account with IM Markets, I decided to open a live account. However, when I was opening the account, I didn't see the option to choose the currency. I contacted technical support with this issue. A company manager called me, clarified my request, and within 20 minutes, my account currency was changed from USD to EUR, as I had requested. I had no issues with identity verification as it was straightforward and followed the standard procedure.
I wouldn't call IM Markets' spreads particularly low. I would consider them average. Spreads of 1.5-3 pips on major pairs are standard. I'm fine with these amounts, especially since there are no additional fees on trades.

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Thicha
46 weeks ago

I switched to IM Markets from a broker that froze my funds, so I was initially skeptical. However, IM Markets has consistently fulfilled its commitments both in trading and payments. I haven’t received my money within 2 minutes as advertised on their website, but if I submit a withdrawal request before noon on a weekday, the funds usually arrive within 1-3 hours. The trading conditions IM Markets offers are reasonable, and I’m satisfied with the margin requirements. Occasionally, the trading platform freezes, but this is a common issue with most web platforms, even MT5 can lag in the browser. Overall, the broker does a decent job.

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hafez969
48 weeks ago

I got familiar with the IM Markets trading platform interface in just a few minutes because everything is simple and clear. After testing the signals for social trading, I decided to trade on my own since the signals didn’t always work 100%. The broker regularly offers new bonus programs. For example, right now, you can trade commodities without swap charges. Market news is streamed directly on the platform, and it also includes an economic calendar. IM Markets doesn’t adjust orders at their discretion and processes withdrawals reliably.

Score:
7.21/10

Trading Account Opening

IM Markets offers a straightforward process for account registration and setting up a user account. Here are the steps:

1

Visit the official IM Markets website, select your preferred language, and click "Register." If the broker's services are not available in your country, you won't be able to register. The list of unsupported countries can be found in the website footer.

2

Select the account type, create and enter a password, and provide your email address. After confirming your email by clicking the link in the broker's email, you can log in to your user account. The login credentials required are your email address and the previously set password.

3

Available options in the IM Markets user account include:

1. Opening a trading account.
2. Access the trading platform to execute trades.

Additional features of IM Markets’ user account allow traders to:

  • Upload document scans for identity verification;

  • Open demo accounts and trade on them;

  • Make deposits, transfer funds between accounts, and request profit withdrawals;

  • Register as an IB partner, view referral statistics, and check rewards;

  • Connect to copy trading services and trading signals;

  • Customize settings: enable two-factor authentication, change passwords, and manage notifications.

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
8.2/10

Regulation and safety

IM Markets has a safety score of 8.2/10, 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.

Advantages
  • Tier-1 regulated
Disadvantages
  • No negative balance protection

IM Markets Regulators and Investor Protection

Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
NFA NFA National Futures Association United States No specific fund Tier-1
SVG FSA SVG FSA Financial Services Authority of St. Vincent and the Grenadines St. Vincent and the Grenadines No specific fund Tier-3

IM Markets Security Factors

Foundation date -
Negative balance protection No
Verification (KYC) Yes
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
8/10

Commissions and fees

The trading and non-trading commissions of broker IM Markets have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.

Advantages
  • Low Forex trading fees
  • Tight EUR/USD market spread
  • No inactivity fee
  • No deposit fee
  • No withdrawal fee
Disadvantages
  • Complex fee structure

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of IM Markets 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, IM Markets’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.

IM Markets Standard spreads

IM Markets Pepperstone OANDA
EUR/USD min, pips 2,0 0,5 0,1
EUR/USD max, pips 2,7 1,5 0,5
GPB/USD min, pips 2,3 0,4 0,1
GPB/USD max, pips 3,1 1,4 0,5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

IM Markets RAW/ECN spreads

IM Markets Pepperstone OANDA
Commission ($ per lot) 3 3,5
EUR/USD avg spread 0,2 0,1 0,15
GBP/USD avg spread 0,3 0,15 0,2

Non-Trading Fees

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

IM Markets Non-Trading Fees

IM Markets Pepperstone OANDA
Deposit fee, % 0 0 0
Withdrawal fee, % 0 0 0
Withdrawal fee, USD 0 0 0-15
Inactivity fee ($, per month) 0 0 0
Score:
6.32/10

Account types

To access the trading platform and make a deposit, a trader must open one of the accounts offered by IM Markets. The broker provides three types of accounts, each varying in terms of fee and leverage. IM Markets has no minimum deposit requirement - it can be as low as 1 unit of the account's base currency.

Account Types:

Account Type
Description
Standard
Basic account type designed for beginners, with maximum leverage of 1:100, and with spreads starting from 2 pips;
STP
Accounts with tighter spreads compared to Standard accounts, starting from 1.2 pips. Leverage available up to 1:100;
Live
Accounts operating under an ECN model. Spreads start from 0.1 pips, with leverage up to 1:1,000. An additional trading fee applies for each closed lot.

A demo account can also be opened on the trading platform. Key parameters are: leverage id up to 1:100 and a virtual deposit of up to $10,000.

The variety of accounts is a significant advantage of IM Markets over other brokers. Traders can choose the account type that best suits their needs rather than having to adapt to available options.

Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
5.25/10

Deposit and withdrawal

IM Markets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

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

Advantages
  • Bank wire transfers available
  • Bank card deposits and withdrawals
  • No withdrawal fee
  • No deposit fee
Disadvantages
  • Limited deposit and withdrawal flexibility, leading to higher costs
  • PayPal not supported
  • Only major base currencies available

What are IM Markets deposit and withdrawal options?

IM Markets 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, USDT.

IM Markets Deposit and Withdrawal Methods vs Competitors

IM Markets Plus500 Pepperstone
Bank Wire Yes Yes Yes
Bank card Yes Yes Yes
PayPal No Yes Yes
Wise No No No
BTC No No No

What are IM Markets base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. IM Markets supports the following base account currencies:

What are IM Markets's minimum deposit and withdrawal amounts?

The minimum deposit on IM Markets is $1, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact IM Markets’s support team.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
6.25/10

Markets and tradable assets

IM Markets provides a standard range of trading assets in line with the market average. The platform includes 700 assets in total and 42 Forex currency pairs.

Advantages
  • 42 supported currency pairs
  • 700 assets for trading
  • Crypto trading
Disadvantages
  • Bonds not available
  • No ETFs

Supported markets vs top competitors

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

IM Markets Plus500 Pepperstone
Currency pairs 42 60 90
Total tradable assets 700 2800 1200
Stocks No Yes Yes
Commodity futures Yes Yes Yes
Crypto Yes Yes Yes
Stock indices Yes Yes Yes
Options No Yes No

Investment options

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

IM Markets Plus500 Pepperstone
Bonds No No No
ETFs No Yes Yes
Copy trading Yes No Yes
PAMM investing No No Yes
Managed accounts No No No
Score:
5.03/10

Customer support

Information

The broker's website does not provide the support service's working hours. However, support is unavailable on Saturdays and Sundays, as our questions asked in the chat during this time were ignored.

Advantages

  • Online chat available

Disadvantages

  • Few contact channels
  • Limited chat availability

IM Markets offers two primary contact methods:

  • Online chat on the website;

  • Email.

The company also has profiles on Facebook, Instagram, and a YouTube channel, but these are not intended for technical support.

Contacts

Registration address IM Markets LLC, Saint Vincent and the Grenadines
Official site https://im-markets.com/
Contacts
Score:
5.47/10

Education

Information

The official IM Markets website does not offer educational materials publicly. The company provides these resources only to registered traders who have made a deposit. The "Academy" section on the site features announcements and brief descriptions of the available courses.

Information available in the Education & Support section
Information not available in the Education & Support section
Capital management strategies
Market analysis techniques, including both technical and fundamental
Risk management methods
Overview of trading platform functionalities
Trading psychology
Explanation of key financial market terms
How to create a personalized trading strategy
Trading with leverage
Effective portfolio management
Understanding stop-loss, take-profit, and pending orders

One of the most effective ways to learn trading is through demo trading, a free service available to all potential IM Markets’ clients.

Comparison of IM Markets with other Brokers

IM Markets Eightcap XM Group RoboForex Octa LiteFinance
Trading
platform
Match Trader Web Platform, Mobile Apps MT4, MT5, TradingView MT4, MT5, MobileTrading, XM App MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MetaTrader4, MetaTrader5, OctaTrader MT4, MT5, MultiTerminal, Sirix Webtrader
Min deposit $1 $100 $5 $10 $25 $10
Leverage From 1:1
to 1:1000
From 1:30
to 1:500
From 1:1
to 1:30
From 1:1
to 1:2000
From 1:40
to 1:1000
From 1:1
to 1:1000
Trust management No No No No No Yes
Accrual of % on the balance No No No 10.00% No 7.00%
Spread From 2 points From 0 points From 0.8 points From 0 points From 0.6 points From 0.5 points
Level of margin call
/ stop out
No 80%  /  50% 100%  /  50% 60%  /  40% 25%  /  15% 50%  /  20%
Order Execution Market Execution Market Execution Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution
No deposit bonus No No No No No No
Cent accounts No No No Yes No Yes

Detailed Review of IM Markets

IM Markets provides fast order execution without dealing desk intervention. It allows all trading strategies and includes tools for automated trading processes. IM Markets offers bonus and partnership programs, trading support, and real-time market data and news. Clients can trade with their funds or use leverage.

IM Markets by the numbers:

  • Over 700 trading instruments available;

  • Average order execution speed: 0.012 seconds;

  • More than 150,000 clients and over 100 partners.

IM Markets is a broker with a wide range of CFDs and access to a unique trading platform.

It offers trading in 42 currency pairs with leverage up to 1:1,000. The platform offers 24/7 trading in 26 cryptocurrencies, including BTC and XRP against EUR. Commodities include metals, energies like oil and gas, coffee, soybeans, cocoa, wheat, and corn. The platform offers trading in 15 global indices, covering stocks from the U.S., EU, Australia, China, and Japan. The platform offers a wide selection of stocks, including U.S. company stocks and markets from Asia, the EU, and Canada.

The Match Trader platform is a web platform for trading and market analysis, offering 9 timeframes, 20 technical indicators, Fibonacci levels, and 4 types of chart lines. The platform operates on UTC+0.

Useful Functions of IM Markets:

  • Economic calendar;

  • Real-time news feed on the trading platform;

  • Top Movers.A list of assets with the highest price changes over the last 24 hours;

  • Social Feed. Recommendations for buying and selling various market assets.

Advantages:

1

Trading platform with integrated copy trading service;

2

The simple registration takes no more than 5 minutes;

3

Free educational courses for active clients;

4

Rewards for referring new traders;

5

Trading bonuses and fee discounts during special promotions.

IM Markets offers its clients a range of useful services to assist in trading and developing a successful personal strategy.

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