- Is IFGM safe or a scam?
- Trading Platform
- Deposits and Withdrawals conditions with a minimum deposit and withdrawal fee
What is IFGM?
IFGM or previously known IFM Trade is an incorporated Australian company that along with its headquarter and the main operation established worldwide support offices to provide online trading solutions with institutional grade pricing.
10 Points Summary
|🖥 Platforms||MT4, IFGM WebTrader|
|📉 Instruments||Forex, Global Equity CFDs, Gold and Commodities in total 40+ Instruments.|
|💰 EUR/USD Spread||1.1 pips|
|🎮 Demo Account||Provided|
|💳 Minimum deposit||200 US$|
|💰 Base currencies||AUD, USD|
|📚 Education||Beginners and advanced learning materials|
|☎ Customer Support||24/5|
The competitive conditions represent the ability to trade Forex, Global Equity CFDs, Gold and Commodities in total 40+ Instruments.
In order to mainstream into the modern way of online trading, the company brings a low latency environment that couples with extensive price feed and tight spread offering.
Moreover, the IFGM broker serves not only retail clients but brings an opportunity for corporate members, or money managers to engage into the cooperation. The PAMM and MAM accounts are readily available for managers using the MT4 platform, while all EAs accepted.
An interesting part is an advanced IFGM Client Portal that brings a wide range of necessary information along with support from an individual account manager through service in multiple languages. For the educational material, the trader of any level from beginners and beyond will find suitable information through learning materials to enhance a better understanding of the markets.
Is IFGM safe or a scam?
Well, the answer to these crucial questions is Yes, IFGM is a safe broker. In fact, IFGM features one of the most experienced and reputable MT4 brokerage services since 2012 while performing its services through the strict regulations of ASIC (Australian Securities and Investment Commission).
IFGM developed various methods to protect their clients by any means, which includes but not limited to Trader’s funds’ segregation at the biggest bank Commonwealth Bank. Participation in schemes and transaction encryption, also compliance with internal procedures alike risk management, audits and accounting.
The truth is that the regulatory status from the reputable authority in popular investment destination limits risks to fall under the scam into a minimum. Nevertheless, any trader should carefully check on the legitimate status and recognize companies that may, unfortunately, false their incorporation information.
The platform offered by the IFGM is a known MetaTrader4 that was developed through desktop and mobile versions, as well as IFGM developed its WebTrader that allows trading directly from the browser. In fact, platforms are working across all operating systems and devices while accessing available trading instruments through unparalleled conditions.
The platforms featuring almost the same functionality with all strategies enabled, either through Hedging or Expert Advisors trading, or one click trading. Yet, even if the platform is extremely powerful it is crucial to be armored with trading tools.
A technology develops constantly, hence the IFGM broker working on to provide the up-to-date tools that enhance trading capabilities. Multiple chart types bringing endless possibilities for analysis along with technical analysis tools with numerous indicators.
Furthermore, along with the PAMM and MAM possibilities the broker brought an offer to engage into Futures and Options trading also with Automated Futures. The futures trading systems are provided by the US third party and are fully automated software that executes orders on high speeds by the algorithms.
Another crucial point while choosing a broker is a trading fee and account features, so let us have a closer look to IFGM offering. The accounts provided in a way to suit different types of traders that are able to select the best one from the 3 account types – Standard Account, Pro Account and Islamic Account., and offering maximum leverage till 1:500 through the variable tight spread.
As for the trading costs, the Standard account trader pays spread with access to mostly all instrument. The Pro accounts designed for active and professional traders do have a commission applied for the traded instrument along with an interbank spread from 0.0 pips.
An Islamic Account alternatively brings only day trading possibility, as the Sharia law requires so, without any swap charges (see swap free forex brokers)and commissions.
IFGM spread table on a most traded instruments gives you an example of minimum spreads. Costs are not guaranteed and presented for reference only, as the fee may vary according to market conditions and liquidity.
In addition, you can check out and compare IFGM fees with its peer FBS.
|Asset/ Pair||IFGM Fee Terms|
You should consider also is IFGM overnight fee charged by the broker in addition to the trading fee, in case of hold long leveraged position.
IFGM EUR/USD overnight fee depending on the opened positions, while buying 1 lot is charged -1.22 and selling 0.62 respectively.
IFGM Prestige Club
In addition, the IFGM established a Prestige Client Club that brings benefits and more opportunities to make profits. VIP club members can enjoy the reduced ultra-low cost of trading, negotiable spreads, more advanced education with private courses and personal dedicated account manager.
Yet, the client getting a selective opportunity through the balance requirement that turns the account into VIP account and is 100k$ with the minimum trading volume of 50 lots a month.
Leverage, known as a loan given by the broker to the trader enables vast of trading opportunities, as with a multiplied size of trader’s initial invested capital many options become available.
However, the leverage significantly increases the potential to higher gains and in reverse increases risk levels too. Therefore, leverage may be risky at the point you set it wrong especially at the highest levels.
Under some regulatory restrictions, most of the worldwide traders can use only limited ratios. Yet, IFGM leverage remains at the high level of 1:500 for Forex instruments, as ASIC still allows for Australian traders to enjoy so.
Deposits and Withdrawals:
The selection of funding methods indeed giving the flexibility to fund an account at any time and with convenient ease. The established by the IFGM options including credit and debit cards, bank wire transfers and local bank transfers, UnionPay as well e-payments PayPal, Skrill, Neteller and BPay, POLi.
IFGM minimum deposit starts at the only 200$, yet available for Standard Account. The Pro Account designed for active traders offers more competitive conditions, yet requires maintenance from 1,000$.
IFGM withdrawal and deposit fees from the company’s side are covered, that is definitely a client’s benefit. While all manipulations performed via secure connection of the Client Portal.
Overall, the IFGM Review shows that the brokerage company is a fully reliable one which performs their trading services by the regulation guideline and in full accordance with the laws. That fact brings a calm state of mind, while trader can concentrate on the trading itself, which is also provided on a quite high level.
The IFGM offers a range of trading instruments to choose from, the platform and technical solutions are also technically developed and constantly improving. Along with the account types offering through relatively small deposits to start and reward programs, providing support and learning materials.
Furthermore, the company offers a VIP Club service and some of the unique solutions like Automated Futures and Options trading. All in all, IFGM brings an interesting combination to consider.
Yet, share your thoughts about IFGM Review below in the comment area.
The official IFGM website is not active therefore we consider IFGM as not active broker any longer. We have also done some research and found the following website which seemed a little suspicious, and also found out that there is another company registered with the same broker’s name. So we recommend you avoid doing any kind of trading with this broker for now. However, trading name registration remains in ASIC listing, we recommend to do your own research in case there are any proposals from IFGM or its registered company and stay cautious.
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