The Broker's Official Website - Https://imgfx.com/, Has Been Closed.
A General Understanding Of IMGFX
IMGFX Is A Brokerage That Operates Without Effective Supervision, Which Raises Concerns About The Safety Of Traders' Funds. Lack Of Supervision Means That There Is No Recognized Financial Institution Group Or Regulatory Body To Oversee The Operation Of IMGFX By A Business. Lack Of Supervision Should Be An Important Consideration For Potential Traders As It Increases The Risks Associated With Trading With This Broker.
Despite The Lack Of Regulation, IMGFX Offers Access To Various Financial Marekts, Including Forex, Cryptocurrencies, Stocks And CFDs. They Offer Different Account Types With Different Spreads, Leverage Options, Commission Fees And Minimum Deposit Requirements To Meet The Different Needs And Preferences Of Traders. However, It Is Worth Noting That There Is A Higher Latent Risk With IMGFX Due To The Lack Of Regulation.
This Broker Supports The Popular Metatrader 4 (mt4) Trading Platform, Which Is Known For Its Stability And Wide Use Among Traders. Traders Can Access The Platform Through Desktop, Web And Mobile Versions. Customer Support Is Available Via Email, But No Phone Number Is Provided For Direct Communication. Overall, While IMGFX Offers Access To A Wide Variety Of Markets And Account Types, The Lack Of Regulation And Latent Risks Associated With Trading Make It A Preferred Choice For Traders Seeking A Safe And Regulated Trading Environment.
Pros And Cons
IMGFX Is An Unregulated Broker, Which Raises Serious Concerns About The Safety Of Funds. While It Offers Access To A Wide Range Of Financial Marekts Including Forex, Cryptocurrencies, Stocks And CFDs, Trading In These Instruments Can Be Complex And Carry Inherent Risks. Brokers Offer Different Account Types With Different Spreads And Commission Structures, Providing Options For Traders With Different Preferences. However, There Is Limited Information On Commission Details And Minimum Deposit Requirements For Certain Account Types. Leverage Options Up To 1:500 Offer The Potential To Increase Profits, But Also Increase Risk. Deposit Methods Include Bank Transfers, Credit/debit Cards, Online Payment Processors, And Cryptocurrencies, But There May Be Differences Between The Payment Options Listed And The Options Actually Available. Withdrawals May Be Subject To Minimum Amounts And Fees, Particularly For Bitcoin Withdrawals. IMGFX Offers The Popular Metatrader 4 Platform For Desktop, Web, And Mobile Trading, As Well As A Custom Mobile App Called Fxgo. Although No Phone Number Is Provided For Direct Communication, Customer Support Is Available Via Email And Online Application Form.
Market Instruments
IMGFX Offers Clients Access To A Wide Range Of Financial Marekts, Enabling Them To Trade Multiple Investment Instruments. Available Market Instruments Include, Forex, Cryptocurrencies, Stocks And Contracts For Difference (CFDs) Among Others. These Options Enable Traders To Explore Different Opportunities And Diversify Their Portfolios.
Forex: The Forex Market Is The Largest And Most Liquid Financial Marekt In The World. It Involves The Trading Of Different Currency Pairs Such As EUR/USD, GBP/JPY, AUD/CAD, Etc. Forex Trading Provides The Opportunity To Profit From Currency Fluctuations, And Traders Can Take Advantage Of Fluctuations In Exchange Rates To Execute Trades.
Cryptocurrency: With The Increasing Popularity Of Cryptocurrencies, IMGFX Offers Trading Options For Digital Currencies Such As Bitcoin (btc), Ethereum (eth), And Litecoin (ltc). Cryptocurrency Trading Enables Investors To Take Advantage Of Price Movements Of These Decentralized Digital Assets.
Stocks: IMGFX Allows Traders To Invest In Individual Stocks Of Different Companies. This Enables Clients To Participate In The Performance Of A Particular Company And Potentially Profit From Their Success. Traders Can Speculate On The Price Movement Of Stocks And Make Long-term Investments Or Short-term Trading Strategies.
Contracts For Difference (CFDs): Contracts For Difference (CFDs) Are Derivatives That Allow Traders To Speculate On Price Movements Of Underlying Assets Without Owning The Asset Itself. IMGFX Offers CFD Trading Options For A Variety Of Assets, Including Commodities, Indices, And Currencies.
Account Types
IMGFX Offers Multiple Account Types To Meet The Different Needs And Preferences Of Traders. These Account Types Include, Classic ECN, Trader ECN, And Advanced ECN. Each Account Type Has Its Own Unique Features, Including Different Spreads, Leverage Options, Commission Fees, And Minimum Deposit Requirements.
- Classic ECN: The Offered Classic ECN Account IMGFX Offers Traders From 0.8 Pips. It Offers A Maximum Leverage Of 1:500, Allowing Traders To Expand Their Positions. The Minimum Lot Size For This Account Type Is 0.01. Account Currency Options Include USD And EUR. Classic ECN Accounts Do Not Specify Commission Fees And Are Suitable For Traders Who Wish To Avoid Additional Fees. Traders Can Open A Classic ECN Account With A Minimum Deposit Of $50.
- Trader ECN: The Trader ECN Account Offers Spreads From 0.0 Pips. The Maximum Leverage Available For This Account Type Is 1:500. Similar To The Classic ECN Account, The Trader ECN Account Has A Minimum Lot Size Of 0.01 And Supports USD And EUR As The Account Currencies. However, It Charges A Commission Of $8 Per Side, Which Is A Consideration For Traders Looking For Cost-effective Trades. The Minimum Deposit For The Trader ECN Account Is $50.
- Advanced ECN: The Premium ECN Account Is Tailored For Experienced Traders Who Require Premium Trading Conditions. It Offers Spreads From 0.0 Pips. The Maximum Leverage Available For This Account Type Is 1:500. As With Other Account Types, The Minimum Lot Size Is 0.01, And Account Currencies Include USD And EUR. Commission Fees For Premium ECN Accounts Are Custom, Meaning It May Vary Depending On The Volume And Preferences Of The Trader. Minimum Deposit Requirements For This Account Type Are Not Specified, You Need To Contact IMGFX For More Information.
Leverage
IMGFX Offers Traders Leverage Options That Enable Them To Expand Their Positions. The Maximum Available Leverage For Different Account Types Is 1:500. This High Leverage Can Offer Traders The Potential To Increase Potential Profits, But It Also Comes With Greater Risk. It Is Important For Traders To Understand The Impact Of Using Leverage And Carefully Manage Their Positions To Avoid Major Losses.
Spreads And Commissions
IMGFX Offers Different Types Of Accounts With Different Spread And Commission Structures. Classic Ecn Accounts Offer Spreads From 0.8 Pips, While Traders ECN Accounts Offer Spreads From 0.0 Pips, But Charge Commissions Of $8 Per Side. Premium ECN Accounts Also Have Spreads From 0.0 Pips, But Commission Fees Are Custom And May Vary Depending On Traders' Volume And Preferences. It Is Important To Consider These Factors When Choosing An Account Type, As They Directly Affect Trading Costs And Overall Profitability.
Deposits And Withdrawals
Deposits: IMGFX Offers Traders A Variety Of Deposit Methods. These Include, Bank Transfers, Credit/debit Cards, Online Payment Processors Such As Neteller And Skrill, And Cryptocurrencies. Traders Can Choose The Method That Best Suits Them. However, There Are Some Differences In The Information Provided On The Website Regarding The Payment Options Available. While The Website Indicates That Options Are Available, Bitcoin, Credit Cards, And Bank Telegraphic Transfers, The Only Payment Option Available During The Deposit Process Appears To Be Bitcoin. Traders Should Carefully Consider The Implications Of Using Bitcoin As A Payment Method Before Proceeding With The Operation.
Withdrawals: When It Comes To Withdrawals, Traders Should Be Aware Of The IMGFX Minimum Withdrawal Amount And Associated Fees. The Minimum Withdrawal Amount Is Specified At 0.005 BTC And There Is A 1% Fee That Is Levied On Bitcoin Withdrawals. It Is Important To Note That These Conditions May Apply Specifically To Bitcoin Withdrawals And It Is Not Clear If Other Withdrawal Methods Have Different Terms. Traders Should Carefully Review The Terms And Conditions Associated With Withdrawals And Consider The Potential Impact Of Fees On Their Overall Trading Profitability.
Trading Platform
IMGFX Offers Two Main Trading Platforms: MetaTrader 4 (MT4) And The FXGO Mobile App. This Broker Chose MT4 Because Of Its Stability And Its Widespread Use Among Traders. The Platform Can Be Used For Forex, Cryptocurrency, Stocks And CFD Trading. Traders Can Access MT4 Through Desktop, Web And Mobile Versions.
Customer Support
IMGFX Offers Customer Support Through Various Channels, Including Email And Online Application Forms. Traders Can Ask Their Knowledgeable Support Team For Assistance. But It Is Worth Noting That No Phone Number For Direct Contact Is Provided. In Addition, IMGFX Has A Physical Office Address In Kingston, Saint Vincent And The Grenadines, Indicating A High Level Of Convenience For Those Who Prefer Face-to-face Interaction. For Email Inquiries, Traders Can Contact Support@IMGFX.com.
