IMS Markets
Pros and Cons
Pros
- Regulated by Cyprus Securities and Exchange Commission (CYSEC)
- Focus on fixed income instruments, including bonds and structured products
- Minimum deposit starting at $50
- Leverage up to 1:30
- Multiple channels for customer support available
Cons
- No MetaTrader platform support
- High minimum deposit of $500
- Low maximum leverage of 1:30
- Limited educational resources available
- Withdrawal method not clearly disclosed
Basic Information
User Reviews
IMS Markets Overview
IMS Markets is a Cyprus-based forex broker established in 2019. It operates under the regulation of the Cyprus Securities and Exchange Commission (CYSEC), holding License No. 229/14. This regulatory oversight ensures that IMS Markets adheres to stringent financial standards, providing traders with a level of security and trustworthiness in their trading activities. The broker is known for its transparency and commitment to regulatory compliance, which enhances its credibility in the competitive forex market.
Is IMS Markets Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CYSEC) | Cyprus | Segregated Funds, Investor Compensation Scheme |
Is IMS Markets Regulated and How Are Client Funds Protected?
IMS Markets is regulated by the Cyprus Securities and Exchange Commission (CYSEC), ensuring that it adheres to stringent financial standards. As a regulated entity, IMS Markets offers client fund protection through the use of segregated accounts, which keeps client funds separate from the broker’s operational funds. Additionally, clients are covered by an Investor Compensation Scheme, providing further assurance in the event of insolvency. The broker operates under a framework that is recognized by multiple countries, enhancing its legitimacy and trustworthiness in the global trading arena. Furthermore, IMS Markets maintains physical offices and offers various channels for customer support, which contribute to its credibility as a safe trading environment.
Trading Products and Services
What trading instruments does IMS Markets offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/USD | Many |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Many |
| Stocks | Apple, Tesla, BP, Vodafone | Varies |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
IMS Markets offers a diverse range of trading instruments that cater to various trader profiles, from beginners to seasoned professionals. The platform supports an extensive selection of asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies, allowing traders to create diversified portfolios. This diversity is crucial for those looking to implement flexible trading strategies and manage risk effectively. Whether you are a technical trader seeking to capitalize on market volatility or a long-term investor aiming for steady growth, IMS Markets provides the necessary tools and products to meet your trading needs. By offering multiple asset classes, traders can optimize their investment strategies and achieve a balanced approach to the markets.
Account Types and Trading Conditions
What Account Types and Fees Does IMS Markets Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Classic Account | Beginners and casual traders | Low minimum deposit, competitive spreads | Suitable for small-capital practice |
| Gold Account | Intermediate traders | Lower spreads, higher leverage | Requires a moderate trading volume |
| Premium Account | Experienced traders and high-volume clients | Personalized services, tightest spreads | Requires substantial trading volume and funds |
Account Opening Process
To open an account with IMS Markets, follow these steps: First, complete the registration form by providing personal details, including your name, email, and contact number. Next, submit employment information, detailing your occupation and employer. Additionally, you will need to provide financial information, such as your trading experience and investment objectives. Identity verification is crucial; you will need to upload documents like a government-issued ID and proof of address (e.g., utility bill). After verification, you can start trading, and you may have the option to upgrade to a professional account later if your trading volume increases or if you meet other eligibility criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive pricing for GBP pairs |
| CFDs (Stocks) | 1.5 | $8 (per lot) | Varies by stock |
| CFDs (Indices) | 2.0 | $5 (per lot) | Standard fees for major indices |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
IMS Markets has several additional fees to consider: There are deposit and withdrawal fees associated with wire transfers, which may vary based on the bank used. Inactivity fees may apply if the account remains dormant for an extended period. While there are no platform usage fees, overnight interest charges (swap rates) may be applied based on your positions. Additionally, currency conversion fees may be incurred for transactions in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does IMS Markets Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | Two-factor authentication, multiple order types, technical indicators, market search | None |
| Web Version | Browser-based (all OS) | Encryption, price alerts, symbol lookup | None |
| Mobile App | iOS, Android | Biometric login, push notifications, quick order execution | None |
The MT4/MT5 platforms are suitable for advanced traders with comprehensive tools for market analysis and trading automation. The web version offers flexibility for trading across various devices without software installation. The mobile app facilitates trading on-the-go, providing secure login options and timely alerts, enhancing user experience. IMS Markets ensures secure logins across platforms, quick order execution, and effective market search capabilities.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1-2 business days | No platform fee | Min 100, Max 25,000 | EUR |
| GrabPay | Instant | 1.5% charge | Min 50, Max 15,000 | MYR, SGD |
| SPEI | Instant | No platform fee | Min 200, Max 20,000 | MXN |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 10,000 | USD, EUR, GBP |
| Bank Wire | 3–5 business days | Waived for VIP accounts > $10k | Min 500, Max 50,000 | USD |
Minimum Deposit
The minimum deposit requirement at IMS Markets is $50. This amount is consistent across all payment methods and account types, making it accessible for traders across various regions.
How to Withdraw
To withdraw funds from your IMS Markets account, follow these steps:
- Log in to your IMS Markets account.
- Navigate to the ‘Withdrawals’ section.
- Select your preferred payment method from the available options.
- Enter the withdrawal amount within the specified limits.
- Confirm your withdrawal request.
- Check your email for confirmation of the withdrawal process.
Customer Support
IMS Markets Customer Support Overview
Support Channels
IMS Markets offers multiple contact methods to ensure that customer support is readily accessible. Clients can reach out via:
- Email: Customers can send inquiries to info@imsmarkets.com for detailed assistance.
- Live Chat: Immediate help is available through the live chat feature on the IMS Markets website, providing quick responses to pressing questions.
- Telephone: For real-time support, clients can call +357 25057221.
- Social Media: IMS Markets maintains an active presence on platforms like Facebook, allowing clients to connect and receive updates.
Service Availability
IMS Markets provides customer service 24/5, ensuring that support is available during the trading week. Multilingual support is also offered, with assistance provided in English, helping a diverse range of clients.
Additional Resources
To further enhance the trading experience, IMS Markets provides various educational resources including video tutorials, webinars, and market analysis. These resources are designed to empower customers with knowledge and insights to make informed trading decisions.
Clients have rated IMS Markets positively for their efficient support services, highlighting responsiveness and helpfulness as key strengths.
Frequently Asked Questions
Yes, IMS Markets is regulated by the Cyprus Securities and Exchange Commission (CYSEC) under license number 229/14. This ensures that we adhere to strict compliance and operational standards, providing a secure trading environment for our clients.
IMS Markets offers three types of accounts with varying conditions. The minimum deposit starts at $50, with a maximum leverage of 1:30. Spreads begin at 0.5 pips for the Classic account, and commissions vary based on the account type, with fees starting at $4 per round lot.
Client funds at IMS Markets are held in segregated accounts, separate from the company’s operational funds. This ensures that your money is protected. Additionally, we comply with all regulatory requirements set forth by CYSEC to safeguard your investments.
IMS Markets provides multiple channels for customer support, including email at info@imsmarkets.com and phone support at +357 25057221. Our team is dedicated to assisting clients with any inquiries or issues they may encounter.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.