General Information & Regulation
Operating since 2012, Intelligent Financial Global Markets (IFGM) is based in Australia, an Australia forex broker offering trading tools and the MetaTrader 4 (MT4) platform. IFGM Trade is an Australian company and thus registered and authorized by the Australian Securities and Investment Commission (ASIC) with license number AFSL 426359.
Market Instruments
IFGM claims to offer more than 450 financial instruments, including CFDs on global equities, and some of the most popular cryptocurrencies.
Minimum Deposit
There are three live accounts can be opened with IFGM Trade: the Standard account (minimum deposit of $ 200), the Pro account (minimum deposit of $ 1000), and the Swap-free Account ((minimum deposit of $ 200). The Standard account is designed for the beginner trader while the Pro account is designed for the active and professional trader. Deposits into a trading account can be made in the following currencies: AUD, EUR, USD, and GBP.
Leverage
With the Pro account, there is a choice of leverage at 1:100 or 1:200, and in the Standard and Swap-free 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.
Spreads & Commissions
Spreads are variable and start from zero pips. A commission of $3.59 as well as swaps are charged on the Pro account. Commission is charged only on stocks with the Standard account. Overall, trading fees are around the industry norm.
Trading Platform
IFGM support for the good old MetaTrader 4 (MT4). The platform is popular among brokers for its ease of use, functionality and lightness. It has one of the best charting packages, but probably the most prominent MT4 feature is the automated trading, known as Expert Advisors (EAs).
Deposit & Withdrawal
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. The minimum withdrawal amount for credit cards and e-payments is $5 (or equivalent) and €50 for bank wire transfer.
Customer Support
IFGM Trade runs a customer support service desk five days a week between 09:00 – 17:00 from Monday to Friday. The services are available via telephone, email, live chat or you could send an online message directly from the website.