Global Broker Regulation Inquiry App
WikiFX
Five8 
1-2 years
What are the drawbacks of using IM Markets?
Broker Issues
Regulation
06-23
United States
WikiFX
Reply
In my view, the lack of a verified ASIC license is a significant drawback, as it raises concerns about the platform’s trustworthiness. Additionally, the absence of MT4/MT5 support is disappointing, as I prefer these platforms for their advanced features. The high leverage (up to 1:1000) can also be risky if not managed carefully.
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