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IFGM Review 2023

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Our Rating

2.5
/ 5

IFGM is #109 in our CFD broker rankings.

IFGM is a leading Australian FX broker offering powerful trading tools.

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Trusted

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Demo Account

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MetaTrader 4

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Islamic Account

Minimum Deposit $200

Trading Platforms MT4

Instruments Forex, CFDs, indices, commodities, cryptocurrencies

Bonus Offer -

Account Currencies

Payment Options Neteller, Skrill, Visa, American Express

All IFGM Details

Compare IFGM

Forex Trading

Trade on over two dozen FX pairs.

Stocks Trading

Trade on nine of the world's largest stock indices.

CFD Trading

Trade online CFDs in several markets.

Crypto Trading

Trade on the top five cryptocurrency pairs.

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.

Benefits

There are several advantages of trading with IFGM:

• ASIC regulated
• Low minimum deposit
• MetaTrader 4 and WebTrader
• Good range of fee-free funding methods

Drawbacks

Some disadvantages of using IFGM include:

• No bonuses or promotions
• Only 40+ instruments available

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

• Neteller
• Skrill
• Visa
• American Express

IFGM Details

CFD Trading Details

Forex Trading Details

Cryptocurrency Trading Details

Compare IFGM

Compare IFGM with similar brokers that accept traders from your location. Among available brokers these are the most similar to IFGM:

1. OANDA – OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is authorized by leading regulators, including the CFTC/NFA. Around the clock support is available, alongside flexible contract sizes and automated trade executions.
   Go to OANDA
2. Webull – Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous bonuses have made the discount broker popular with online investors.
   Go to Webull
3. Forex.com – Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they offer a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
   Go to Forex.com

IFGM Comparison Table

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 vs Other Brokers

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FAQ

	Visit	IFGM is a leading Australian FX broker offering powerful trading tools.
IFGM is a leading Australian FX broker offering powerful trading tools.