Honest and comprehensive review of the scammer ImperialGM: traders’ feedback
ImperialGM is a broker in the category of black brokers operating in countries with lenient laws regarding financial fraud. However, it is worth noting that trading with them is not recommended. Even a superficial study shows the clear incompetence of the platform creators. Let’s take a closer look at why imperialgm.com is considered an unreliable broker and why information about this platform is so limited.
Company Information
The portal imperialgm.com is a typical broker platform from the Caribbean region. The main owners of the franchise are unknown, but reviews from some trading forums indicate the presence of information about a regulator in Saint Vincent and the Grenadines in the past. This raises serious concerns. Caribbean countries provide the opportunity to open practically any trading sites for investments without undergoing strict verification. The lack of appropriate licenses for operations in the post-Soviet space makes deals with ImperialGM practically invalid from a legal point of view, and winning a legal dispute is almost impossible!
Analysis of the ImperialGM Website
The website itself can be characterized as a typical template for fly-by-night operations. Visually, it stands out with a “luxurious” black and gold design resembling premium bank cards. However, the actual creation of this site happened very quickly, and its content is filled with standard stock images of “successful business people.”
The broker’s content is exclusively oriented towards the post-Soviet space. The site offers only two languages – English and Russian. Among the presented currencies, the Japanese yen is featured as an indicator of trading in the Asian market. However, there is no version in at least one of the East Asian languages.
The broker’s “awards” list is a vivid display of self-importance. The majority of the section is dedicated to the nominations ImperialGM received in Eastern Europe, Asia, and various conferences on innovative trading. However, this has no real value. Reviews from actual clients who suffered losses are much more valuable than the issued “awards.” After all, there are no absolute authorities or a common championship among brokers in financial markets.
ImperialGM Trading Assets
Externally, the resource imperialgm.com is almost indistinguishable from other similar sites. Available for new traders are:
- currency pairs,
- spot metals,
- CFDs.
The total number of available trading assets is approximately 100. This is a rather limited selection, as such platforms usually offer two to three times more assets.
Currency trading conditions include:
- lot size – 100,000,
- lot margin – 1%, with the possibility of appealing for a reduction to 0.2%,
- dynamic spreads from 0 to 707 points,
- positive and negative spots,
- standard leverage – 1:100.
Regarding metals, the broker offers trading only in the ratio of gold and silver to the dollar. Lot margin is 1%. Spreads range from 1.7 to 100. Swaps are only provided as negative.
CFD trading conditions on stocks include:
- lot size – 100 contracts,
- minimum lot – 1 contract,
- spreads from 3 to 24 pips,
- commission – 0.05%,
- only negative swaps.
ImperialGM pays dividends exclusively on CFD stocks, but their conditions are not favorable. Payment for this type of activity is quarterly, and swap payments are daily. This makes such operations economically unfavorable.
Trading Conditions on imperialgm.com
There is no description of accounts on the website itself, and there is almost no information about it in the reviews. Analysis of external sources allows to understand the reason for this. A minimum initial deposit of $1,000 is a clear sign of suspicion. This amount is extremely high for a novice. No experienced trader would invest $1,000 just to access the standard version of MetaTrader 4.
Imperial Global Markets also claims to offer trading even on weekends. This is clear manipulation. U.S. exchanges are not only closed on Saturdays and Sundays but also on Thanksgiving Day. In Muslim countries, stock trading is not conducted on Friday evenings. These rules cannot be violated, and all reviews of how someone was served on a non-working day are fiction and a cheap advertising gimmick. Where do the quotes come from? Source verification showed that they are completely fabricated.
Bonuses for VIP Clients
During the review, we found standard bonus conditions – from $50,000 in the account. For this, the broker offers enhanced features such as a personal analyst, no queues, etc. This approach is practiced by many reputable dealing centers that have already earned a reputation for reliability. However, the problem with the broker ImperialGM is that the analysts and managers here are excessively helpless and insufficiently qualified. For interest on deposits, it is better to turn to a bank rather than invest in suspicious ventures.
Deposit and Withdrawal of Funds
Analysis of the fund deposit and withdrawal process showed that it is tailored to the Russian market. Deposits via credit cards are instant, through a bank – up to four days. Transactions with WebMoney, QIWI, Yandex.Money are completed within an hour. The broker does not charge a commission for deposits. Deposits can be made in rubles, dollars, and WebMoney equivalents, but there is no mention of Japanese yen, which undermines the entire false “award-winning” story, such as “Best Broker Asia 2018.”
As clients claim in reviews, fund withdrawals occur in a similar manner, except for bank transfers. Formally, the withdrawal process takes up to four business days, but in reality, it can take almost a week. The commission is 3%, which is too high for presumed large turnovers, considering that the basic rates on imperialgm.com are already in the thousands.
Reviews of Imperial Global Markets Broker
Overall, reviews of many bad brokers are characterized by extremely limited information. Positive reviews make up a ratio of one to five negative ones. Moreover, the content of these reviews strongly resembles negative paid articles. Key client complaints include:
- instability of operation. Deposited a thousand dollars – and that’s it, the platform at imperialgm.com is no longer needed. Moreover, constant system failures and glitches occur not only on the most active trading days,
- exceeding reasonable spread limits, making profitable trading impossible during peak hours,
- lack of response from technical support when requesting help. The technical department of ImperialGM often tries to shift blame for shortcomings onto MetaTrader 4 or other external factors,
- analysts more resemble astrologers. Their forecasts are hardly achievable, and deceived depositors can only check them through their own wallets.
Despite five years of experience, reviews of ImperialGM are extremely rare, indicating the low quality of the broker’s work:
General Conclusions on Broker Reliability
Based on all the above, despite the extensive functionality, we recommend refraining from collaborating with the broker ImperialGM. Registration in an offshore location on a different continent raises suspicions. Additionally, imperialgm.com requires significant sums upfront, almost without justification. Commissions and spreads are also set solely at the discretion of the platform owners. Therefore, it is recommended to choose a more reliable partner!
Also, check out: Review and feedback from real traders about the broker ProfitPlay.