IMS Markets

Beginning

As an online trader, your selection of a broker can significantly influence your experience and success; hence, your choice must be carefully evaluated before you trade. IMS Markets, established under the corporate name Initial Merit Secure Ltd in 2019, is a Cyprus-based Forex broker engaged in the trading of Forex and CFDs, primarily to cultivate growth within Europe's retail trader environment. AMS has carved out a considerable niche for itself in Europe by providing regulatory security, favourable trading conditions, and accessible user platforms for European retail traders.

As markets continue to evolve, IMS Markets demonstrates how transparency, client safety, and accessibility should be managed in the trading arena. In reviewing this broker, we will provide details regarding IMS Markets' background and history; key features of the broker, the library of regulations under which IMS Markets operates, trading conditions offered by IMS Markets; applicable fees charged by the broker; overall market credibility/standing of IMS Markets, and additional information to better equip the trader to make an informed decision concerning IMS Markets ultimately.

History and Background

Initial Merit Secure Ltd was established in 2019 and is located in Limassol, Cyprus. While the corporate founders have not been disclosed, IMS Markets began as a retail Forex and CFDs brokerage firm. Shortly after inception, IMS Markets began reducing barriers to entry to facilitate clients' entry into the trading environment, enabling them to trade in micro-lots and providing support in multiple languages.

To further enhance the firm's reputation as a trusted broker, IMS Markets has expanded its regulatory compliance across Europe, having received more than 20 regulatory approvals from various European regulatory agencies.IMS Markets has launched IMS Initiative, a charitable program that supports organizations addressing mental health issues and helping achieve positive outcomes in treating children's mental health. The IMS Initiative demonstrates the company's commitment to being a full corporate citizen (CSR) beyond just trading.

The trading platforms available through IMS Markets include MT5 (MetaTrader 5), available on desktop, web, and mobile (iOS and Android). The MT5 platform is well known for its advanced charting capabilities, offering a wide range of time frames and technical indicators, making it an ideal platform for beginners and advanced traders alike. This platform does not provide access to MT4 or cTrader, nor does IMS Markets provide its proprietary trading platform, which can limit some users' trading options. What are the three account types and unlimited free demo accounts available through IMS Markets?

Classic Account: Minimum deposit $50; maximum leverage 30:1.

Gold Account: Minimum deposit $500; maximum leverage 30:1.

Premium Account: Minimum deposit $1,000; maximum leverage 30:1.

Each account allows traders to trade micro-lots of .01 with limited risk exposure, enabling them to enter smaller positions and make smaller profits with their initial deposits.

The available instruments at IMS Markets are focused on a select group of instruments, including:

Forex: All major currencies as well as minor and exotic currencies.

Indices: Contracts based on[contin...].

This broad regulatory coverage not only enhances client confidence but also ensures compliance with EU directives such as MiFID II, which governs transparency and investor protection.

Trading Conditions and Platform Technology

Trading Conditions

Compared to the main currencies, indices, and commodity markets, IMS Markets has the lowest spreads because there are no commissions when trading through their firm, allowing you to enter and exit trades without incurring any additional costs. They offer new traders leverage of 30 times, which is in line with what retail clients in the EU are allowed. It is important to note that, due to the increased leverage on their account, clients can trade in different micro lot sizes. This allows for a less risky way to trade.

Platform Technology

Using only MetaTrader 5 (MT5) is a great benefit to their clients, as MT5 is one of the most powerful trading platforms in the industry today. The capabilities of MT5 include: Advanced Charting, Multiple Time Frames, and a Wide Range of Technical Indicators. MT5 also allows clients to trade from their DESKTOP, WEB, OR FROM A MOBILE DEVICE, giving clients the flexibility to access their accounts anywhere and at any time.

IMS Markets provides traders with a clear and transparent Equity Fee Structure, with no hidden fees or commissions on deposits or trades. Withdrawal fees apply only to bank transfers, while E-Wallet options such as Skrill and Neteller have no fees. Traders benefit significantly from having no monthly inactivity fees and no monthly Account Maintenance fees.

IMS Markets has positive reviews from users in Europe, especially from Beginner and retail traders, who make up IMS Markets' largest user segment. Customers report a favourable experience with IMS Markets' customer support, user-friendly interface, and overall trading experience. TrustPilot, a popular customer feedback platform, shows that IMS Markets has a rating of 4.2 out of 5 based on over 1200 reviews, indicating users have had a positive experience with the platform, customer support, usability, and overall trading experience.

Forex Peace Army and Traders Union have also awarded IMS Markets a positive rating, with a score of about 4.0-4.1, based on the following positive experiences of traders: a low minimum deposit, negative balance protection, and multilingual customer support available 24/5.

Any negative feedback regarding IMS Markets has centred around limited asset offerings, lack of educational resources, and the absence of copy trading services.

Also, IMS Markets is strong in areas of Regulation, Client Protection, Client Service, and overall safety measures. Therefore, for beginners and/or cost-conscious traders, IMS Markets is a good choice.

Recent Developments

As of 2024, IMS Markets has expanded its multilingual support capabilities, adding 15 additional languages, significantly supporting its European and Global clientele. The launch of the IMS Initiative charity program is a good step forward in Corporate Social Responsibility, focusing on supporting and increasing Mental Health Resources for Children.

Also, in 2024, the broker raised its insurance coverage to €20,000 per individual client, significantly increasing users' financial protection. For 2025, IMS Markets will continue its strategy of maintaining Regulation, Client Protection, and user safety: no significant platform changes and no new asset class deployments.

Conclusion

IMS Markets is a stable, regulated broker that focuses on the Retail Forex and CFD markets specifically for EU traders/investors. The broker's strength lies in its high rating across Regulatory Mandates, Excellent Trading Conditions, and an easy-to-use MT5 platform. The broker's minimum deposit and micro-lot trading enable all beginning traders to find an opportunity with IMS Markets, and the broker's 24/7 customer support in multiple languages further adds to its value.

However, traders looking for a broader Asset Offering will find that IMS Markets offers options, along with advanced Trading Tools and/or copy-trading services. For users looking for accurately regulated Brokers, Safety, and straightforward Trading Conditions, both IMS Markets and its regulatory/financial community support this.member base.

Although MT5 is a state-of-the-art trading platform, IMS Markets does not have its own proprietary trading platforms or offer other social trading opportunities (such as Copy Trading) that other brokers do. Therefore, if you are a trader who prefers a more standardized environment to operate in, the fact that IMS Markets only provides one type of platform could be a significant point of attraction for you.