IFGM vs Infinox

IFGM vs Infinox Comparison Table 2024
IFGM Infinox
2.6
3.4
United States Flag Traders from US not accepted
United States Flag Traders from US not 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.

Infinox is a UK-based and FCA-regulated broker that offers diverse trading products thanks to its STP and ECN account types and support for MetaTrader 4, MetaTrader 5 and a proprietary platform. Clients can also benefit from a free VPS that can support automated strategies and a social trading platform, catering to both beginner and seasoned traders.

Customer Reviews
1
Comment by Reviewer
"IFGM 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." "Serious day traders will appreciate the tight spreads and competitive fees available on Infinox's ECN account."
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
  • The advanced IX Exchange will serve active day traders with sophsticated analysis tools
  • A well-rounded broker with a choice of pricing models, platforms, apps and accounts
  • The copy trading service and zero minimum deposit make Infinox suitable for beginners
  • FCA is a tier-one regulator boosting the broker's trust and security score
  • Multiple account currencies serving global traders
  • No inactivity fee to deter casual traders
  • Low starting deposit of just £1
Cons
  • Small range of instruments and trading vehicles compared to other brokers
  • Australian clients only
  • Market research is less insightful and frequent than competitors
  • No weekend customer support
Awards
  • Best Forex Broker For Long Term Trading 2022
  • Best Forex Copy Trading Platform Africa 2021
  • Best Trading Account Margin Rates 2020
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies Forex, CFDs, Indices, Shares, Commodities, Futures
Demo Account
Yes Yes
Minimum Deposit
$200 £1
Trading Platforms
  • MT4
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC FCA, SCB, FSCA
Margin Trading
No Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Yes iOS & Android
Auto Trading
Yes Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
With IX Social (Infinox social trading), you can automatically replicate the trades of the best investors. On the negative side, the usability and choice of master traders lags behind competitors like eToro.
Social Trading
No Yes
Trade Signals
MQL4 & MQL5
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
Stock Exchanges
Commodities
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. Trade CFDs on forex, stocks, commodities and indices with tight spreads and leverage limited to the FCA-sanctioned maximum of 1:30. Infinox traders benefit from lightning-fast execution speeds and a choice between STP and ECN pricing, making this a flexible option for beginner and serious traders.
Leverage
1:500 1:30 (UK), 1:200 (Global)
FTSE Spread
Variable 0.9
GBPUSD Spread
Variable 0.4
Oil Spread
Variable 0.06
Stocks Spread
N/A 0.02 USD
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. Trade 45 major, minor and exotic forex pairs. This is an average range, but the broker offers attractive and very competitive tight floating spreads from 0.3. Useful features including a news feed set the broker apart from many rivals and can help plan forex strategies.
GBPUSD Spread
Variable 0.4
EURUSD Spread
Variable 0.3
EURGBP Spread
Variable 0.3
Assets
28 45+
Currency Indices
  • USD
Cryptocurrency
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. Crypto trading not offered
Spread
Floating
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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