IFGM Review

Review

IFGM is an Australian-based Forex broker.  They are part of Intelligent Financial Markets Pty Ltd group. From their beginning in 2012, IFGM has been regulated by the Australian Securities and Investments Commission (ASIC) and licensed by Australian Financial Services.  They strictly abide by Australian Client Money Rules and hold client funds separately at the National Australia Bank.   Knowing that they are carefully regulated and monitored definitely can give customers more confidence when choosing a Forex broker.

The IFGM website is clear and clean looking, making it relatively easy to find the information you are looking for.  IFGM trades more than 40 different instruments.  They offer very low minimum spreads of 0.0 and a large amount of leverage, up to 500:1.  Instruments, spreads, margins, and trading hours are listed clearly in a chart for each type of account.  There are 3 types of accounts: Standard, Pro and Islamic.  The Islamic accounts have an administration fee attached to them to compensate for the lack of fees in compliance with Shariah law.  Standard accounts are charged commissions for stocks only and Pro accounts are charged commissions across the board.  All three account types have variable spreads on all trades.  The Standard account and Islamic account each have a minimum deposit of $200 and Pro accounts require $1000.  All three accounts allow customers to try out their trading with a free demo account. 

IFGM offers traders the opportunity to use a few different platforms.  Of course, the most common, MT4 for desktop trading, is one of them.  The next option is Mobile MT4 which is also very popular.  Traders can also opt to use IFGM webtrader.  This platform allows traders to trade directly from their internet browser on any device without installing an app.  In addition, customers of IFGM can use PAMM/MAM to manage more than one account at a time. 

There are a variety of educational resources available on the IFGM website.  From FAQ to an extensive trading glossary explaining the unique language of the trading world, new traders can familiarize themselves with the way things work very easily.  In addition to those pages there are also eight categories with information to read about whichever aspects of trading you are interested in investigating.  IFGM has its own ebook ready to download with even more information and education in order to assist customers in learning how to trade successfully. 

One of the biggest factors in choosing an online brokerage firm for your trading is, of course, customer support.  In addition to the contact form on the website, IFGM offers a physical office, phone numbers for support and an email address readily accessible. Though IFGM doesn’t seem to have the global brand recognition of many other Forex brokerages, they do seem to offer competitive and interesting offerings.

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