Beware! IMC Trades is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


The first thing we see when we open IMC Trades website are the videos of happy, successful and confident people. Obviously the company wants to project that image to its future traders. But we are going to look beyond and find out if this company is safe to trade with or not.

As per its website, IMC Trades is a brokerage that trades in forex, futures, commodities, indices, metals and shares. To its clients, the company offers 4 accounts – Micro, Premium, VIP and Zero Fixed (screenshot below). We’ll discuss the details for these accounts further down in this review.

IMC Trades Regulation and safety of funds

In the company’s website footer, we find out that the company is registered in Marshall Islands. You may know that the Marshall Islands is an offshore zone and there is no financial regulator. Would that have an impact on your safety of funds? Of course it would. You must know that forex companies that are not regulated do not provide guarantee for your funds. If the company goes bankrupt, you lose your money.

On the other hand, companies that are regulated are much better choice for you. Why? Because forex companies in well-established jurisdictions, such as EU, UK or US, for example, must meet very stringent requirements. In EU and UK they must have an initial capital of no less than 730,000 EUR. In US, it’s much higher – 20,000,000 USD! Also, European and UK regulated brokers must contribute to a compensation plan. This is a measure in case the company goes bankrupt. Then the clients from a EU regulated brokerage can receive up to 20,000 EUR in compensation and clients from UK regulated brokerage can receive up to 85,000 GBP. These are the main differences between brokerages operating in regulated and non-regulated jurisdictions. No doubt, choosing the right one will have a huge impact on your financial funds.

IMC Trades Trading software

On the screenshot below you see the interface of MetaTrader 4 which is the trading platform for IMC Trades. This is the unbranded version and is for illustration purposes only. It shows on the left the menu for the forex pairs with their bid/ask price and below is the navigator for tools and instruments. If we look in the middle of the screen, we see 4 displays of 4 pairs of forex currencies with the fluctuation in their price in a certain timeframe. If we look at the EUR/USD pair, we’ll notice that the spread is 2 pips. Let’s compare with the information given in the account types of IMC Trades.

The spread for the Micro account is 1.8 pips which is close to the spread on the screenshot and is within normal limits. In the other accounts for this company, the spread varies from 0 to 1.6 pips. If we continue looking, we’ll see that the leverage for the different accounts varies from 1:500 to 1:1000. Such high ratio of the spread means that should you choose to trade via this company it could bring you great win or great loss. Before you grin happily, let us warn you that in the risky world of forex trade where the percentage of financial loss is over 70%. Chances that you may lose are stronger than the chances of you winning.

In addition to that, let us tell you that it is not by chance that in Europe there is cap of leverage (1:30) and also in the USA (1:50). These are measures to prevent traders from taking huge risks with their money and to prevent financial loss. You are well advised to choose a forex company from a regulated jurisdiction that offers moderate leverage if you do not want to lose your money. Again, obviously, IMC Trades is not one of those!


And lastly, on the point of trading software, let us tell you that MetaTrader 4 is one of the leading trading platforms and is well reputed for its advantages – an auto trading option, a financial calendar, an app market, trading signals for a subscription fee, VPS and code base with customs scripts make this platform stand out. However, you should remember that an excellent trading platform cannot compensate for the fact that this forex company is not regulated, is offering a very high leverage and has terms and conditions that are not complete or clear.

IMC Trades Deposit/Withdrawal methods and fees

As per the account  information, the minimum initial deposit is $100 (Micro account). The other accounts start at $500, $1,ooo and $10,000 respectively.

On the company’s interface, we see VISA, MasterCard, bank transfer, Bitcoin and Ethereum as payment methods. However, from the Terms and Conditions document, it is not very clear what/if fees apply for deposits and withdrawals. Neither is available any information about withdrawal processing time, minimum/maximum withdrawal amount, etc.

On the other hand, we find a clause about bonuses or non-deposited funds (funds which belong to the company but are given to the trader to operate with them under certain conditions). It states that non-deposited funds may be given to a client in certain circumstances but they, including any profit deriving from using these funds, are not client’s funds but are the company’s funds. It is not clear if and how the client may withdraw from these funds and how it may affect his financial transactions.

We think that crucial information pertaining to deposit/withdrawal methods and fees is missing from this document and we advise traders considering trading via this company to be cautious as these Terms and Conditions do not work to the client’s advantage.

How does scam work?

If scammers make a movie, it will probably be called “Dream on”. They make everything sound credible and build their scam on your dreams of getting an easy and quick profit. People get duped if they decide to deposit money into one of the scammers schemes. What you probably do not know is that your hard-earned money goes as commission to the scammers. Next, you get inundated by daily calls. First, the scammers congratulate you for joining their business, next they try to persuade you to invest even more money. After all, the more money you send, the bigger money fall you can expect. This of course is not how things work. By the time you realise that no money is coming your way, it might be too late. All you want now is to get your money back and get out of there but the scammers have other plans for you and they won’t late get away so easily. Now they try to delay you so that you miss the deadline for chargeback.

What to do if scammed?

If you get scammed, our advice is to act immediately and if you have paid your deposit via credit/debit card you may still have a chance. Visa and MasterCard allow you 540 days time limit to file for chargeback which gives you a fighting chance to recover your money.

However, if you have used bitcoin or bank wire for your payment, the chances of you recovering your money are really slim.

Cancelling your credit/debit card in case you have given the scammers your CVV code may be another good idea. Also, make sure to remove from your PC any software that my give scammers access to your private data stored on your computer.

Whatever you do to recover your funds, beware of the so-called recovery agents. Please make sure that you are dealing with a genuine one by checking their credentials and company’s information transparency. Otherwise, you may fall victim to another form of scam.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite
UK, Cyprus, Belize4.94/5$5 Click for a special offerWebsite
Australia, Cyprus, South Africa4.93/5$100 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite
UK, Cyprus, Australia, SA4.8/5$1 Click for a special offerWebsite

Leave a Reply

Your email address will not be published. Required fields are marked *