IFGM Review 2023
United States not accepted.- DayTrading Review TeamIFGM is best for new or experienced MT4 traders looking to trade key assets with tight spreads, in exchange for a $200 minimum deposit. On the negative side, only Australian traders are accepted.
Founded in 2012, IFGM is an Australian forex and CFD broker regulated by the Australian Securities and Investments Commission (ASIC). The broker offers a modest range of markets, with access to proprietary and third-party terminals available on desktop and mobile.
Trusted
Demo Account
MetaTrader 4
Islamic Account
Forex Trading
IFGM only offers 25+ currency pairs, which is below the market average. With that said, the broker does offer variable spreads from 0 pips and leverage up to 1:200 for retail traders.
Stock Trading
Trade stocks with competitive commissions in the Standard account. There is also an integrated economic calendar to keep abreast of global stock market events, and mobile trading to track opportunities.
CFD Trading
Trade a small range of CFDs on commodities, indices and cryptocurrencies with commission-free trading available. You can also plan your CFD trades in the broker's free MT4 demo.
Crypto Trading
With 5 major cryptocurrencies on offer, IFGM offer less crypto trading opportunities than other brokers. On a lighter note, traders will be reassured that the broker offers 24/5 customer support.
✓ Pros
- Decent range of free funding methods, including cards, bank wire and e-wallets, with low minimum deposits from $5
- Access to the powerful MetaTrader 4 platform with hedging permitted and access to PAMM/MAM accounts
- Thematic Investment Portfolio Service (TIPS) provides useful insights into DMA CFD instruments
- Tight 0-pip spreads available with competitive commissions from $3.59
- ASIC-regulated with strong reputation since 2012
✗ Cons
- Small range of instruments and trading vehicles compared to other brokers
- Australian clients only
Intelligent Financial Global Markets (IFGM) is a leading Australian FX broker offering competitive trading tools and the MetaTrader 4 (MT4) platform. This review covers deposits, bonuses, customer support, and more. Find out if IFGM is a safe and trustworthy broker.
IFGM Company Overview
Operating since 2012, IFGM is based in Australia. The broker is regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services License.
With its simple account offering, reasonable minimum deposit, and range of trading tools, IFGM attracts traders of all experience levels.
Trading Platforms
MetaTrader 4
The MetaTrader 4 (MT4) platform is a top choice among traders, offering an advanced and reliable interface. Users can trade forex, indices, and commodity CFDs with a host of features:
- 30+ built-in technical indicators and multiple chart types
- Full EA (Expert Advisor) functionality
- PAMM/MAM account options
- Built-in news functionality
- One-click trading
- Hedging allowed
- 9 time frames
The MT4 trading platform is compatible with Windows PCs and can be downloaded from the broker’s website.
WebTrader
IFGM’s WebTrader gives users direct access to their trading account from any internet browser, meaning no software installation.
The WebTrader system offers broad trading functionality with flexible charting tools, hedging, and many more features.
WebTrader can be accessed directly after logging in to the IFGM secure client portal and is compatible with multiple operating systems, including Mac, Linux, and Windows.
Markets
IFGM offers over 40 tradeable instruments across several markets:
- Commodities – Trade on hard and soft commodities like gold, silver, and oil
- Currencies – Trade 25+ currency pairs including AUD/USD, EUR/GBP, and EUR/USD
- Cryptocurrencies – Trade on 5 major cryptocurrencies including Bitcoin and Ethereum
- Indices – Trade 9 of the world’s most popular indices, including the FTSE 100 and S&P 500
Spreads & Commission
Spreads are variable and start from zero pips. A commission of $3.59 as well as swaps are charged on the Pro account whilst the Islamic account is commission-free and swap-free. Commission is charged only on stocks with the Standard account. Overall, trading fees are around the industry norm.
Leverage
With the Pro account, there is a choice of leverage at 1:100 or 1:200, and in the Standard and Islamic accounts, you can choose between 1:100, 1:200, or 1:500. These rates are high and can help traders capitalise on opportunities with minimal cash outlay.
Mobile App
IFGM offers mobile MT4 for users who wish to trade anywhere, anytime. With the same login and password as the desktop app, traders benefit from many of the same features within the native app, including multiple chart types, technical indicators and full trading history. The app can be downloaded onto iOS and Android smart devices.
IFGM’s WebTrader can also be accessed from any mobile device with an internet browser. Traders simply need to login to the client portal.
Payment Methods
Deposits
Traders can fund their account in USD, AUD, EUR, or GBP, via several free methods:
- Credit cards (VISA, MasterCard, UnionPay, and American Express) – Instant
- E-payments (Skrill, Neteller, and Poli) – Instant
- Bank wire transfer – 2 – 5 business days
- Local bank transfer – 1 – 2 business days
The minimum deposit for credit cards and e-payments is $5 (or equivalent) and is $200 for bank wire or local bank transfer.
IFGM covers the fees for all methods, however, traders should check for any intermediary fees.
Withdrawals
Withdrawals can be made via the following free methods:
- Credit cards (VISA, Mastercard, Diners Club, and Union Pay) – Within 24 hours
- E-payments (Skrill and Neteller) – Within 24 hours
- Bank wire transfer – 2 – 5 business days
The minimum withdrawal amount for credit cards and e-payments is $5 (or equivalent) and €50 for bank wire transfer.
Demo Account
IFGM offers a demo account for those who wish to practice trading strategies at no risk. Users receive 50,000 of their chosen currency in virtual funds and will have access to the demo account for 30 days.
If you’re unsure whether to open a real-money trading account, the simulator is a great way to test the broker’s services first.
Deals & Bonuses
At the time of writing, IFGM is not offering any bonuses and promotions. Traders should check the broker’s website and social media pages for future deals.
Regulation & Licensing
IFGM is registered under Intelligent Financial Markets Pty Ltd. The company is regulated and licensed by the Australian Securities and Investment Commission (ASIC) and holds an Australian Financial Services License (AFSL no 426359). As per regulatory requirements, IFGM must comply with risk management procedures, staff training, accounting, and audits. IFGM also ensures client funds are held in segregated bank accounts with the National Australia Bank.
With its top-tier regulation and safety of client funds, traders can be confident that IFGM is a safe and trustworthy broker.
Additional Features
IFGM offers several resources and tools for traders looking to learn the basics or expand their knowledge. The IFGM e-book, for example, contains useful FX market insights. The knowledge centre provides information on a range of topics, whilst the Thematic Investment Portfolio Service (TIPS) provides research on direct market access CFDs.
There is also a trading glossary with all the basic technical terms a beginner might need, as well as a useful economic calendar.
Account Types
Traders have a choice of three account types: Standard, Pro, and Islamic. All options support base currencies of AUD, USD, EUR, or GBP and have variable spreads. Leverage is offered at a maximum of 1:500 with the Standard and Islamic accounts, and up to 1:200 with the Pro account.
The minimum deposit with the Standard and Islamic accounts is $200 and with the Pro account, the minimum deposit is $1,000. Note that whilst all instruments are available with the Standard and Islamic accounts, only forex, precious metals, and indices are available with the Pro option.
Trading Hours
Trading hours for various markets are as follows:
- Commodities – Monday – Thursday 01:00 – 24:00, Friday until 23:55
- Indices – vary by index, check the broker’s website
- Cryptocurrencies – Monday 00:05 – Friday 23:55
- Forex – Monday 00:05 – Friday 23:55
Customer Support
IFGM’s customer service can be contacted via:
- Email – cs@ifgm.com
- Online query form – accessible from the Contact page
- Telephone – 1300 735 125 (Aus.) / +612 9190 7577 (Int.)
- Live chat – located in the bottom right-hand corner of the website
IFGM’s head office is located at Level 25, International Tower 3, 300 Barangaroo Avenue Sydney, NSW 2000, Australia.
Trader Security
The MetaTrader 4 trading platform ensures data exchanges between the client server and the platform are fully protected with Secure Sockets Layer (SSL) encryption. IFGM’s Privacy Policy is also accessible on the website, which details their data collection processes.
IFGM Verdict
IFGM offers competitive FX trading conditions and a range of funding methods. And with a decent selection of trading tools, 24/5 customer support, plus a mobile app, IFGM is a good choice for beginners up to veterans. We’re also comfortable that with ASIC regulatory oversight, the broker is trustworthy and safe to trade with.
Accepted Countries
IFGM only accepts traders from Australia.
Payment Methods
IFGM Details
| Minimum Trade | 0.01 Lots |
|---|---|
| Regulated By | ASIC |
| Islamic Account | Yes |
| Mobile Apps | Yes |
| Margin Trading | No |
| Volatility Index | No |
| Spot Trading | No |
| Perpetual Swaps | No |
| ELWs | No |
| REITs | No |
| AI / Machine Learning | No |
| Robo Advisor | No |
| P2P Trading | No |
| Negative Balance Protection | No |
| VPS Hosting | No |
| Tournaments | No |
| Demo Competitions | No |
| Managed Accounts | No |
| Market Maker | No |
| Auto Trading | Yes |
| Social Trading | No |
| Guaranteed Stop Loss | No |
| Commodities |
|
CFD Trading Details
| FTSE Spread | Variable |
|---|---|
| GBPUSD Spread | Variable |
| Oil Spread | Variable |
| Stocks Spread | N/A |
| Leverage | 1:500 |
Forex Trading Details
| GBPUSD Spread | Variable |
|---|---|
| EURUSD Spread | Variable |
| EURGBP Spread | Variable |
| Assets | 28 |
Cryptocurrency Trading Details
| Crypto Spread | Floating |
|---|---|
| Crypto Lending | No |
| Crypto Staking | No |
| Crypto Mining | No |
| Crypto Auto Market Maker | No |
| Crypto Coins |
|
Compare IFGM
Compare IFGM with similar brokers that accept traders from your location. Among available brokers these are the most similar to IFGM:
-
IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
Go to IG Group -
Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
Go to Just2Trade -
World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
Go to World Forex
IFGM Comparison Table
| IFGM | IG Group | Just2Trade | World Forex | |
|---|---|---|---|---|
| Rating | 2.6 | 4.4 | 3.5 | 4 |
| Markets | Forex, CFDs, indices, commodities, cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds | Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts |
| Demo Account | Yes | Yes | Yes | Yes |
| Minimum Deposit | $200 | $0 | $100 | $1 |
| Minimum Trade | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots |
| Regulators | ASIC | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA | CySEC, NFA, FINRA, Bank of Russia | SVGFSA |
| Bonus | – | – | Up to $2,000 for professional accounts | 100% Deposit Bonus |
| Education | No | Yes | No | No |
| Platforms | MT4 | MT4, AutoChartist, TradingCentral | MT4, MT5, TradingCentral | MT4, MT5 |
| Leverage | 1:500 | 1:30 (Retail), 1:250 (Pro) | 1:20 | 1:1000 |
| Payment Methods | 4 | 6 | 20 | 10 |
| Visit | – | Visit | Visit | Visit |
| Review | IFGM Review |
IG Group Review |
Just2Trade Review |
World Forex Review |
Compare Trading Instruments
Compare the markets and instruments offered by IFGM and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
| IFGM | IG Group | Just2Trade | World Forex | |
|---|---|---|---|---|
| CFD | Yes | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes |
| Stocks | Yes | Yes | Yes | Yes |
| Commodities | Yes | Yes | Yes | Yes |
| Oil | No | Yes | Yes | Yes |
| Gold | Yes | Yes | Yes | Yes |
| Copper | No | Yes | No | No |
| Silver | Yes | Yes | Yes | Yes |
| Corn | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes |
| Futures | No | Yes | Yes | No |
| Options | No | Yes | Yes | No |
| ETFs | No | Yes | Yes | No |
| Bonds | No | Yes | Yes | No |
| Warrants | No | Yes | No | No |
| Spreadbetting | No | Yes | No | No |
| Volatility Index | No | Yes | No | No |
IFGM vs Other Brokers
Compare IFGM with any other broker by selecting the other broker below.
FAQ
What accounts are available at IFGM?
IFGM offers three accounts: Standard, Pro, and Islamic. Account specifications can be found on the broker’s website, but leverage up to 1:500 is available and minimum deposit requirements start at $200.
Is IFGM a trustworthy broker?
IFGM is a trustworthy broker. The company is licensed and regulated by the Australian Securities and Investments Commission (ASIC) with AFSL license number 426359.
How can I deposit into my IFGM trading account?
Deposits can be made via credit cards, e-payments, bank wire transfer, or local bank transfer. All methods are fee-free but traders should check their chosen method for any external fees.
How can I contact customer support?
Traders can contact the 24/5 help desk via an online contact form, email (cs@ifgm.com), telephone 1300 735 125 (Aus.) / +612 9190 7577 (Int.), or live chat.
Does IFGM offer a mobile app?
IFGM offers MetaTrader4 for mobile, which is compatible with iOS and Android devices. Traders can also access the WebTrader system from their mobile browser.
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| Founded in 2012, IFGM is an Australian forex and CFD broker regulated by the Australian Securities and Investments Commission (ASIC). The broker offers a modest range of markets, with access to proprietary and third-party terminals available on desktop and mobile. | ||