This post is also available in: deDeutsch

IFGM REVIEW

Is IFGM one of the best Australian Forex Brokers? We conducted an in-depth review in October 2019 to find out the answer and bring it to you!


IFGM is the registered business name of Intelligent Financial Markets Pty Ltd. 

IFGM was founded in 2012 in Sydney, Australia, and has progressed to become one of Australia’s top Forex brokers. The brand is driven by specialists of the Forex industry and strives to providing institutional level trading conditions as well as a very high level of quality service to every client.


💻 Trading PlatformMetaTrader
🏢 Head OfficeSydney, Australia
📅 Founded2012
⭐ Reviews4.3 - 1 Review EF
↔ Maximum Leverage500:1
🖥 Execution Servers LD5
📡 Broker TypeECN
💰 Negative ProtectionNo
📊 Trading OptionsForex, CFDs, Crypto

OUR RATING: 8.5
The overall raiting is based on review by our experts
👌 Reliability: 8 / 10 📈 Spread: 9 / 10
🞧 Offers: 7 / 10🚅 Speed of Execution: 9 / 10
📧 Customer Service: 9 / 10👍 Uptime: 9 / 10
Trading Conditions
Max Leverage:500:1
Platform:
Min Deposit:$200
Spread:From 0.0 Pips
Cuts out Dealing Desk:Yes
Methods of deposit and offers
Deposit / Withdraw:
Welcome offer:Flexible
Rebates Engine Forex:Coming soon!

SECURITY, MARGINS AND TECHNOLOGY

SECURITY AT IFGM

In Summary

  • ASIC regulated
  • High-level web security
  • No dealing-desk intervention
  • High level transparency

As one of Australia's top online Forex brokerage firms takes IFGM transparency and security extremely serious.

IFGM holds an Australian Financial Services Licence (AFSL 426359) and is authorised and regulated by the Australian Securities and Investment Commission (ASIC).

All monies received from IFGM's clients are banked, held in trust accounts and dealt with in accordance with the Australian Corporations Act 2001 and the associated regulations.

 

IFGM holds an Australian Financial Services Licence (AFSL 426359) and is authorised and regulated by the Australian Securities and Investment Commission (ASIC).

Spreads Comparison

IFGM
100
PEPPERSTONE
100
THINK MARKETS
80
IC MARKETS
100
XM
100
Alpari
90

CHARGES AND MARGINS AT IFGM

In Summary

  • Spread mark-up or
  • Commission charge per standard lot round-turn
  • Up to 500:1 leverage
  • Islamic (SWAP free) account option

As is the case with all brokers, clients pay a spread on every non-equity CFD and commission on every equity CFD trade.

IFGM offers three different account option: Standard, Pro and Islamic (SWAP free).

Micro-lot trading (0.01 micro-lots) on the popular MT4 (MetaTrader 4) trading platform is available on all three accounts. The minimum deposit requirement is $200 and a maximum leverage of up to 500:1 is available on their Standard and Islamic account options. The Pro trading account offers leverage of up to 200:1 and a minimum deposit of $1,000 is needed to get started.

IFGM’s Standard and Islamic Accounts run without any commission fees. Instead, spreads are variable and marked up above the inter-bank rate received from the liquidity providers. 

The MetaTrader 4 Pro trading account shows the raw interbank spread received from liquidity providers and a commission fee of 0.003% is applied on the volume of the trade. 

TECHNOLOGY

In Summary

  • Fast & stable trade execution
  • MT4
  • Multi Account Manager (MAM)
  • Percent Allocation (PAMM)

At this point of time, IFGM focuses exclusively on providing the popular MetaTrader 4 (MT4) trading platform to their clients. All devices and operating systems (Windows, iOS, Android, iPhone and iPad) are supported with the famous MT4. WebTrader is also available which enables all traders to trade without the need of downloading any software or apps.

Account managers can further utilize IFGM’s Multi Account Manager (MAM), which is an integrated software tool that allows a single trader (account manager in this case) to execute a block of trades on all accounts operating under one master account. Large orders can be quickly and easily placed in bulk to a virtually unlimited number of accounts. Money managers can choose from a number of different allocation methods, including: Lot Allocation, Percent Allocation, Proportional By Balance, Equity Percent Allocation, Proportional by Equity and Allocation By Equal Risk. 

IFGM's trading environment is one of the best within the online retail Forex space. They highly focus on executing trades with excellence, applying innovative technologies and capturing new opportunities for their customers to grow.

Execution of Speed Comparison

IFGM
90
PEPPERSTONE
100
THINK MARKETS
90
IC MARKETS
100
XM
90
Alpari
80

CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES

AN OVERVIEW OF IFGM's CUSTOMER SERVICE AND CLIENTS

In Summary

  • 24/5 customer support
  • Prestige Client Club
  • 3 account types to choose from
  • Wide range of services

IFGM offers each and every one of their clients premium quality service. 

Their  multilingual support team is available 24/5 during local business hours (AEST). Clients registered with a Live trading account have access to an individual, highly experienced account manager.

Clients can choose between three distinctly different account types upon sign-up: The Standard MetaTrader 4 account, as well as the Islamic (SWAP free) account options come with no commission charges and offer variable, competitive spreads. The minimum trade size is set to 0.01 lots (micro-lots) and there is a minimum deposit requirement of just $200 for both account types. Over 470 financial instruments in Forex, precious metals, commodities, indices and digital assets can be leveraged as CFDs up to 500:1.

The third account option is the Pro account, which offers ultra-low spreads from 0.0 pips and leverage up to 200:1. Pro Account commissions are listed on the Instruments & Conditions section of IFGM's website, but the standard rate is 0.003% per side. Only Forex and metals can be traded with this account type. 

Here's a quick overview of all three trading account types:

IFGM review by Engine Forex

Professional and high-volume traders can further benefit from IFGM's Prestige Client Club, where special, ultra-low commissions are available. Prestige Client Club offers one of the lowest premium account commissions in the world! Here are all relevant specs for this VIP style account option for the dedicated investor:

IFGM Forex Broker

FOREX AND OTHER TRADING OPTIONS AT IFGM

In Summary

  • 470+ tradable instruments
  • 5 cryptocurrency CFDs
  • Indices CFDs
  • Commodities & metals CFDs

IFGM offers a total of over 470 different tradable financial instruments such as currency pairs (FX), indices, digital assets, oil, metals and other commodities.

Traders can choose to trade the options mentioned above on some of the world’s top financial markets as CFDs such as the Australian S&P 200 Index,  Dow Jones 30, Germany’s DAX 30, UK FTSE 100 Index, US E-mini S&P 500, EU 50 and Hong Kong’s Heng Seng 50.

IFGM offers leverage of up to 500:1 on their Standard and Islamic account options and 200:1 on the Pro account. Four different funding currencies (AUD, USD, EUR & GBP), micro-lot trading starting from 0.01 lots and ultra-low spreads from 0.0 pips are accessible. The minimum deposit requirement is set to $200 for the Standard and Islamic account types and $1,000 for Pro account holders.

Commissions for an IFGM MetaTrader 4 Pro account are set at 0.003% per side. 

SPECIAL FEATURES OF IFGM

In Summary

  • Professional trade execution
  • Top-notch technology including the best MT 4 features
  • Tight spreads & leverage up to 500:1
  • VIP account option for serious high-volume and professional traders

High standard in customer service with a dedicated, professional account management team.

Ultra-low spreads from 0.0 pips in an institutional grade trading environment.

MT4 for all common devices and operating systems.

High leverage up to 500:1 on Standard and Islamic accounts and up to 200:1 on Pro accounts.

Most trading types, such as Expert Advisors (EAs), scalping and hedging are allowed.

Prestige Client Club offering the best trading conditions for serious traders.

MAM and PAMM platforms for money managers.

Most trading styles, such as Expert Advisors (EAs), scalping and hedging are allowed.

Max Leverage Comparison

IFGM
500:1
PEPPERSTONE
500:1
THINK MARKETS
400:1
IC MARKETS
500:1
XM
500:1
Alpari
1000:1

IN CONCLUSION

IFGM is a rising star within the online Forex trading space. They can already be considered as one of Australia's  leading and most experienced Forex brokers, offering an amazing, professional trading experience with high leverage, very tight spreads, exclusive offers and excellent  customer service. 

IFGM'S FREQUENTLY ASKED QUESTIONS


| where is IFGM located?

IFGM is an Australian based (Sydney), owned, and ASIC regulated Forex broker.

| who owns it?

IFGM is the registered business name of Intelligent Financial Markets Pty Ltd.

| how to fund an IFGM trading account?

You have the following funding options available:

Debit and Credit Cards (Visa, Mastercard), PayPal, Neteller, Skrill/Moneybookers, BPAY (only for Australian Clients), China Union Pay and Bank Transfer

| is IFGM regulated?

Yes. IFGM is authorised and regulated by the Australian Securities & Investments Commission (ASIC), AFSL number 426359.

| is IFGM FCA regulated?

No.

| is IFGM legit?

Yes, absolutely! IFGM complies with strict regulations and is licensed and regulated by the Australian Securities and Investments Commission (ASIC).

Clients’ funds are held save and securely in separated, segregated trust accounts.

| does IFGM accept clients from Canada?

Yes, clients from Canada are welcome, however applications from Canadian residents of Ontario cannot be accepted.

| brokers like IFGM?

IC Markets is another Australian based and ASIC regulated Forex broker with a strong offering and excellent trading conditions.