Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
IM Markets Pros & Cons
- 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.
- 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.
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.
TU Expert Verdict
IM Markets 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
IM Markets User Reviews
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5-star
33%
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4-star
0%
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3-star
67%
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2-star
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1-star
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Commissions and Fees
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 criteria8 /10The trading and non-trading commissions of IM Markets have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- 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 OANDA FOREX.com EUR/USD min, pips 2.0 0.1 0.7 EUR/USD max, pips 2.7 0.5 1.2 GPB/USD min, pips 2.3 0.1 0.9 GPB/USD max, pips 3.1 0.5 1.4 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 OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.5 5 EUR/USD avg spread 0.2 0.15 0.2 GBP/USD avg spread 0.3 0.2 0.4 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 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is IM Markets Safe?
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 criteria8.2 /10IM 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.
- Tier-1 regulated
- No negative balance protection
IM Markets Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level NFA
Full Name National Futures Association Country of regulation United States Investor Protection Fund No specific fund Regulation Level Tier-1 SVG FSA
Full Name Financial Services Authority of St. Vincent and the Grenadines Country of regulation St. Vincent and the Grenadines Investor Protection Fund No specific fund Regulation Level Tier-3 IM Markets Security Factors Foundation date - Negative balance protection NoVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.6.3 /10IM Markets offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Low minimum deposit
- Demo account
- Micro lots are not available
- No VIP account option
IM Markets account types vs top competitors IM Markets Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoIM Markets accounts trading conditions
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.
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Deposit and Withdrawal
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 methodology5.3 /10IM 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.
- No withdrawal fee
- Bank wire transfers available
- USDT (Tether) supported
- Minimum deposit below industry average
- BTC not available as a base account currency
- Limited deposit and withdrawal flexibility, leading to higher costs
- 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 Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are IM Markets base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. IM Markets supports the following base account currencies: USD, EUR.
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.
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Markets and Tradable Assets
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. Learn the assessment criteria6.3 /10IM 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.
- 700 assets for trading
- Indices trading
- 42 supported currency pairs
- No ETFs
- Futures not available
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 Trading.com Plus500 Currency pairs 42 69 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. 700 69 2800 Stocks NoNoYesCommodity futures YesNoYesCrypto 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. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment 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 Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at IM Markets by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We successfully registered an account with IM Markets in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at IM Markets is $1. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Fully online account opening process
- Registration process may take longer than expected
- Account approval may require extra time depending on the documentation.
IM Markets account opening IM Markets Trading.com Plus500 Online Registration YesYesYesMinimum deposit $1 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 20 20 KYC time (days) 2 2 3 Is IM Markets 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
IM Markets offers a straightforward process for account registration and setting up a user account. Here are the steps:
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.
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.
Available options in the IM Markets user account include:
- Opening a trading account..
- 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.
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Customer Support
Score:We evaluated Customer Support at IM Markets by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5 /10Customer support at IM Markets is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. IM Markets provides basic support functionality but does not stand out in overall service performance.
InformationThe 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.
- Online chat available
- 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 support@im-markets.com
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FAQs
What commissions and fees does IM Markets charge for trading and account maintenance?
IM Markets is rated as having low overall fees, with a fees score of 8/10 and a safety score of 8/10 in this category. Standard accounts have floating spreads, with typical EUR/USD spreads between 2.0–2.7 pips and GBP/USD between 2.3–3.1 pips, while ECN/RAW accounts show average spreads of 0.2 pips for EUR/USD and 0.3 pips for GBP/USD plus a commission per lot. Non-trading fees are limited, as the broker lists 0% deposit and withdrawal fees and no inactivity fee.
What types of trading accounts are available at IM Markets and how do they differ?
IM Markets offers Standard, STP, and Live (ECN) accounts, along with a demo account, and has no fixed minimum deposit, which can start from 1 unit of the base currency. The Standard account has leverage up to 1:100 with spreads from 2 pips, STP accounts offer tighter spreads from 1.2 pips with the same leverage, and Live ECN accounts provide spreads from 0.1 pips with leverage up to 1:1,000 plus an additional fee per closed lot. The broker does not provide Cent, Micro, Swap Free, VIP, or managed accounts, which may limit options for some users.
What do user reviews and feedback say about overall satisfaction with IM Markets?
The user satisfaction score for IM Markets is 7.3/10, based on 3 reviews, with 33% of ratings at 5 stars and 67% at 3 stars. This distribution suggests a mixed overall impression, where some users report high satisfaction while others view the service as average. According to user reviews, experiences are not uniformly positive or negative.
Which markets and tradable assets are available at IM Markets?
IM Markets provides access to 700 tradable assets, including 42 Forex currency pairs, crypto, stock indices, and commodity futures, but does not offer stocks or options. The broker also does not provide bonds or ETFs, though it supports copy trading as an additional investment option. These features are described as a standard range of assets in line with the market average, with a safety score of 6.25/10 for this category.
What do reviews say about the IM Markets trading account opening process?
The account opening process at IM Markets is fully online, with registration taking about 20 minutes and KYC verification typically completed within 2 business days. The minimum deposit is $1, which makes initial funding relatively accessible. Feedback in this section notes that while the process is generally straightforward, registration and approval times may be longer depending on documentation and individual circumstances.
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