IGM

IGM operates under the domain islandglobalmarkets.com and is registered in North Korea. The firm was founded on 12 May 2020, according to public records. As an entity based in a jurisdiction with limited financial oversight, its business activities remain opaque.

Our research indicates that IGM does not hold any known regulatory licences from any financial authority. This absence of oversight is a significant factor for any trader considering engagement with this broker.

IGM has no regulators on file with FXCanary. The broker's registration in North Korea, a country with no independent financial regulator, means traders have no recourse through a recognised ombudsman or compensation scheme.

For retail traders, the lack of regulation is a critical red flag. Regulated brokers must adhere to strict client asset segregation and reporting requirements; IGM offers no such assurances.

Due to the absence of verifiable web content, we cannot confirm which trading platforms or financial instruments IGM offers. Typical forex broker offerings include MetaTrader 4/5 or proprietary platforms, but in this case, no independent evidence is available.

Traders should be extremely cautious when a broker does not publicly disclose its trading environment. Without transparent information, the operational integrity of the platform cannot be assessed.

No account types or funding methods are documented in our known facts or web searches. Standard industry practice involves multiple account tiers (e.g., standard, premium) and several payment options (bank wire, credit card, e-wallets). IGM provides no such details.

The absence of this information suggests either a lack of operational maturity or an intentional opacity that hinders due diligence.

Given its registration in North Korea and lack of regulatory licences, IGM likely targets traders who are willing to accept high risk or who are based in regions with weak enforcement. The elevated scam risk score of 51/100 from FXCanary underscores the potential dangers.

This broker is not suitable for risk-averse traders or those who require a regulated environment with investor protection.

FXCanary's scam risk score of 51/100 (Elevated) reflects the absence of regulation, the high-risk jurisdiction, and the lack of transparent information. The broker's founding date in 2020 and subsequent lack of public presence further raise concerns.

Traders should treat IGM with extreme caution. The combination of no regulatory oversight and a North Korean registration presents a scenario where the likelihood of misconduct or fund loss is materially higher than with regulated counterparts.