IFGM is a top Australian FX broker that provides traders with a range of trading tools and the popular Meta Trader 4 platform. In this IFGM.com review, you’ll learn about its trading platforms, markets, spreads and commissions, leverage, mobile app, payment methods, withdrawals, demo account, regulation and licensing, and additional features.
The IFGM broker was established in Australia in 2012 and is regulated by the Australian Securities and Investments Commission (ASIC) under an Australian Financial Services License. With its user-friendly account options, a variety of trading tools, and a reasonable minimum deposit, IFGM appeals to traders of all experience levels.
The IFGM.com broker offers two trading platforms, Meta Trader 4 and Web Trader. Meta Trader 4 is a popular choice among traders and provides features such as one-click trading, expert advisor functionality, hedging, and over 30 built-in technical indicators.
The platform is adaptable to PCs and can be downloaded from the IFGM website. The Web Trader allows for quick access to the trading account from any web browser without the need to install any software.
The IFGM trading platform offers traders access to over 40 tradeable instruments across various markets, including currencies, cryptocurrencies, commodities, and indices. The currency market offers 25+ currency pairs, including EUR/USD, EUR/GBP, and AUD/USD.
The cryptocurrency market includes 5 of the top cryptocurrencies, including Ethereum and Bitcoin. Commodities available for trading include soft and hard commodities such as oil, silver, and gold. The indices market offers 9 of the world’s most famous indices, including the FTSE 100 and S&P 500.
Spreads and Commissions
IFGM’s spreads are variable and start from zero pips. Islamic accounts are swap-free and commission-free, while a commission of $3.59 and swaps are charged on the Pro account. The commission is only imposed on stocks with the Standard account, but overall trading fees are in line with industry standards.
The IFGM.com trading firm offers leverage options of 1:100 and 1:200 with the Pro account. The Islamic and Standard accounts offer leverage options of 1:100, 1:200, or 1:500. These leverage options are high and allow traders to take advantage of trading opportunities with a smaller capital outlay.
IFGM offers a mobile MT4 app for traders who want to trade on the go. The app is available for both Android and iOS and offers the same features as the desktop platform, including multiple chart types, technical indicators, and a complete trading experience. The Web Trader is also available through any mobile device with a web browser.
Traders can deposit funds into their account in AUD, EUR, USD, or GBP through various free methods, including e-payments (Neteller, Skrill, and Poli), bank wire transfer, local bank transfer, and credit cards (MasterCard, UnionPay, VISA, and American Express).
The minimum deposit for e-payments and credit cards is $5 or equivalent, while the minimum deposit for local bank transfers and bank wire transfers is $200. IFGM covers the fees for all methods, but traders should check for any intermediary fees.
Withdrawals can be made through bank wire transfers, e-payments (Skrill and Neteller), and credit cards (Diners Club, UnionPay, VISA, and Mastercard). The minimum withdrawal amount for e-payments and credit cards is $5 or equivalent, while the minimum withdrawal amount for bank wire transfers is $50.
Trading with IFGM offers traders the flexibility to choose from three different account types:
All accounts allow for base currencies of USD, AUD, GBP, and EUR and offer changeable spreads. The Standard and Islamic account provide a maximum leverage of 1:500, while the Pro account offers an even greater leverage of over 1:200.
Benefits of Trading with IFGM
IFGM provides several benefits for its traders, including:
- A low minimum deposit requirement
- A wide range of fee-free funding methods
- Access to both MetaTrader 4 and Web Trader platforms
- Regulated by ASIC
Security of Trading
Trading on the MetaTrader 4 platform with IFGM is secure, as all data exchanges between the user and the platform are protected by Secure Sockets Layer (SSL) encryption. The broker also takes privacy seriously, with detailed information on their data collection procedures readily available on their website.
Overall, IFGM provides a competitive FX trading environment with a vast array of funding options and powerful trading tools, including a mobile app. The broker offers 24/5 customer support, making it a great choice for both seasoned traders and beginners. With its secure and reliable platform, traders can feel confident in choosing IFGM for their trading needs.