IFGM Review 2020
IFGM is a trading broker that gives traders access to over 40 trading instruments across different markets, including a range of forex, indices, equity, and commodity markets via the MetaTrader 4 and their proprietary IFGM WebTrader.
IFGM Review 2020, Pros & Cons
- Regulated trading broker
- Various account funding options
- Sophisticated trading platforms
- Educational resources
- No EU, UK or US clients allowed
- Limited trading instruments
- A minimum deposit of $200
In this detailed IFGM review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
IFGM is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including IFGM.
IFGM Review: Summary
IFGM is a regulated trading broker offering multiple financial instruments for online trading via two user-friendly platforms. The broker features ultra-low spreads that start from 0.0 pips, a minimum deposit of $200, and leverage of up to 1:500 whilst offering lightning-fast trade execution speeds. They provide traders with sophisticated trading platforms, educational resources, and multiple account options.
IFGM Review: Regulation
IFGM is a registered business name of Intelligent Financial Markets Pty Limited. IFGM (ACN 155 185 014) is licensed in Australia by the Australian Securities & Investment Commission (ASIC) and holds an Australian Financial Service License (AFSL 426359).
IFGM Review: Countries
IFGM does not accept applications from the residents of China, UK, Europe, USA, and Japan or any particular country or jurisdiction where the use of its services would be contrary to local law or regulation.
Some IFGM features and products mentioned within this IFGM review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
IFGM Review: Trading Platforms
The broker provides traders with the sophisticated MetaTrader 4 trading platform. It has a user-friendly interface and a myriad of built-in trading tools and features, including one-click trading, multiple chart types, and support for Expert Advisors (EAs). MT4 is accessible on desktop (Windows and Mac computers), web (via modern web browsers), and mobile devices running on Android or iOS.
This is the broker’s in-house developed trading platform; it is web-based and gives you free and direct access to your trading account from most modern web browsers.
There is also the PAMM/ MAM Accounts, which are for money managers who wish to trade multiple accounts from one master account.
IFGM Review: Trading Tools
Clients also get access to some standalone trading tools, such as the Economic Calendar, which gives a forecast of future market events and their expected impact on the market.
IFGM Review: Education
The broker provides traders with a selection of educational resources, such as Trading Glossary, eBooks, FAQ, and much more.
IFGM Review: Trading Instruments
IFGM offers over 40 trading instruments, spread across different asset classes, including a range of forex, indices, equity, and commodity markets
IFGM Review: Trading Accounts & Fees
The broker offers traders a variety of different trading account options. They include the Standard ($200), PRO ($1,000), and Swap-free Islamic Accounts. Demo accounts are also available for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this IFGM review. It is imperative to ensure that you check and understand all of the latest information before you open an IFGM broker account for online trading.
IFGM Review: Customer Service
The broker’s customer support team is available via telephone, email, live chat, and the ’Get in Touch’ form on the website.
IFGM Review: Deposit & Withdrawal
The following payment methods are accepted at IFGM:
- Credit/Debit Cards —such as Visa, MasterCard
- Payment Processors— including Neteller, Skrill, UnionPay, Pay Pal, BPay.
IFGM Review: Account Opening
To open a trading account, click on the ‘Open Live Account’ button and ensure you fill out the form properly. After that, click on ’Register’.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
IFGM Review: Conclusion
IFGM is a regulated retail trading broker offering multiple tradable assets for trading online via multiple sophisticated trading platforms. Clients get access to a range of trading tools, educational resources, multiple account options, and dedicated customer support.
However, the broker does not accept clients from many countries and has a limited amount of trading instruments when compared to some of the best trading brokers some of whom offer thousands of trading instruments.
Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring derivative products, you have no entitlement right or obligation to the underlying financial asset.