IGM FX

IGM Forex Ltd holds a Forex Execution License (STP) from the Cyprus Securities and Exchange Commission (CYSEC, license number 309/16), which provides a recognized regulatory framework. However, its overall operational profile warrants caution. The WikiFX assessment scores the broker 4.12 out of 10, with particularly low risk control and license indices of 0.0 and 3.92, respectively. This evaluation suggests significant unresolved risk factors that must be considered alongside its regulated status. A key point of concern is its business scope, which is officially classified as suspicious.

Yes, IGM Forex Ltd operates under regulation from the Cyprus Securities and Exchange Commission (CYSEC) under license number 309/16. This permits the firm to offer Forex and CFD trading services within the jurisdiction's legal framework.

IGM Forex Ltd has been operating for 5-10 years and is registered in Cyprus, indicating it is an established, if not entirely new, entity in the brokerage landscape.

Specific minimum trade size, or lot size, information is not publicly disclosed by the broker. IGM FX structures its offering around account tiers, with minimum deposits set at just $0.01 for all its Professional and Retail account types, and maximum leverage varying from 1:30 for retail clients to 1:400 for professional clients.

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