Overview Of IFGM
Intelligent Financial Global Markets Is An Australian Forex Broker Established In 2012, Offering Trading Instruments And A MetaTrader 4 (MT4) Platform.
Despite Having Over 450 Financial Instruments, Including Global Equity CFDs And Cryptocurrencies, IFGM Faces Significant Shortcomings. It Has Been Identified As A Suspect Clone By Australian Authorities, Damaging Its Reputation And Raising Questions About Its Legitimacy.
Additionally, Inaccessible Official Websites Prevent Traders From Accessing Important Information And Support Services. These Factors, Combined With Limited Educational Resources, Have Led To Questions About The Reliability Of IFGM, Affecting Traders' Confidence In Its Products.
Pros And Cons
Pros:
- Over 450 Financial Instruments: IFGM Offers Traders A Wide Range Of Financial Instruments, Providing Ample Opportunities For Diversification And Portfolio Management.
- Support For MetaTrader 4: IFGM Supports The MetaTrader 4 (MT4) Platform, Which Is A Popular Choice For Traders Worldwide. MT4 Is Known For Its User-friendly Interface, Comprehensive Charting Tools, And The Ability To Automate Trading Through Expert Advisors (EAs).
- Maximum Leverage Up To 1:500: IFGM Offers Leverage Ratios Up To 1:500, Enabling Traders To Significantly Enlarge Their Trading Positions. Leverage Allows Traders To Control Larger Positions With Less Capital, Thus Amplifying Potential Profits.
Cons:
- Official Website Inaccessible: IFGM's Official Website Is Inaccessible, A Significant Drawback That Hampers Traders' Ability To Access Important Information, Perform Account Management Tasks, And Interact With Customer Support Services.
- Identified As A Suspicious Clone: IFGM's Confirmation By Regulators As A Suspicious Clone Has Raised Questions About Its Legitimacy And Credibility. This Flagging Has Raised Concerns About The Platform's Compliance With Regulatory Standards, Operational Transparency, And The Safety Of Client Funds.
- Limited Educational Resources: IFGM Has Limited Educational Resources And Is A Challenge For Traders Seeking To Enhance Their Knowledge And Skills In Financial Marekt.
Market Instruments
IFGM Offers A Wide Range Of Trading Assets With Over 450 Financial Instruments.
These Include Global Equity CFDs That Provide Exposure To International Stock Markets.
In Addition, They Offer Some Of The Most Sought After Cryptocurrencies On The Market.
Account Type
- Standard Account
IFGM Offers A Standard Account Designed For Beginner Traders With A Minimum Deposit Requirement Of 200 Dollars. This Account Type Provides A Suitable Starting Point For Beginners To Start Financial Marekt Trading. The Standard Account Allows Traders To Choose A Leverage Option Of 1:100, 1:200 Or 1:500 In Order To Flexibly Manage Risk And Capital Utilization. Variable Spreads Starting From Zero Improve Trading Conditions, While Commissions Are Available Only For Stock Trading.
- Professional Account
For Active And Professional Traders Looking For Advanced Features, IFGM Offers A Professional Account. This Account Type Requires A Minimum Deposit Of 1000 Dollars And Offers Enhancements Tailored Specifically For Experienced Traders. Professional Accounts Offer Leverage Options Of 1:100 Or 1:200 To Allow The Flexibility To Amplify Trading Positions While Managing Risk. Variable Spreads From Zero Contribute To Competitive Trading Conditions. However, Trades Executed Within A Professional Account Require A Commission And Swap Fee Of 3.59 Dollars.
- No Swap Account
IFGM Also Offers No Swap Accounts. This Account Type Requires A Minimum Deposit Of 200 Dollars, Ensuring Adherence To Religious Principles While Participating In Financial Marekt. Similar To The Standard Account, Traders Can Choose From Leverage Options Of 1:100, 1:200 Or 1:500 In Order To Manage Risk Flexibly. Variable Spreads Starting From Zero Improve Trading Conditions, While Commissions Are Only Available For Stock Trading.
Swap-free Accounts Are Suitable For Traders Seeking To Align Their Trading Activities With Islamic Finance Principles Without Affecting Trading Opportunities.
Leverage
In The Professional Account, Traders Can Choose From Leverage Ratios Of 1:100 Or 1:200. Meanwhile, In The Standard And Swap-free Accounts, Leverage Options Are Extended To 1:100, 1:200 Or 1:500.
These Leverage Ratios Are Quite High, Providing Traders With The Opportunity To Effectively Utilize Positions, Thus Enabling Them To Seize Market Opportunities While Minimizing Initial Cash Payouts.
Spreads And Commissions
Spreads Are Dynamic And Start At Zero Across All Account Types.
In A Professional Account, Traders Are Required To Pay A Commission Of 3.59 Dollars, As Well As A Swap Fee. In Contrast, In A Standard Account, Commissions Are Only Available For Stock Trading.
Overall, Trading Fees Remain Within The Industry Standard Range, Providing Traders With A Competitive Trading Environment.
Trading Platform
IFGM Supports MetaTrader 4 (MT4), A Well-known Platform Known For Its User-friendly Interface, Comprehensive Functionality And Efficiency. MT4 Is Favored By Many Brokers For Its Ease Of Use And Portability, Making It Suitable For Traders Of All Experience Levels.
A Significant Advantage Of MT4 Is Its Powerful Charting Capabilities, Which Provide Traders With A Wide Range Of Analytical Tools To Analyze Market Trends And Make Informed Trading Decisions. In Addition, MT4's Automated Trading Features, Known As Expert Advisors (EAs), Are Highly Regarded, Allowing Traders To Automate Their Trading Strategies Based On Predefined Parameters.
Deposits And Withdrawals
Traders Can Conveniently Top Up Their IFGM Trading Account In USD, AUD, EUR Or GBP Through A Variety Of Free Means. These Methods Include Credit Cards (VISA, MasterCard, UnionPay And American Express) That Offer Instant Deposits, As Well As Electronic Payment Options Such As Skrill, Neteller And Poli, Which Also Offer Instant Transfers.
Alternatively, Traders Can Also Opt For A Bank Telegraphic Transfer, Which Usually Takes 2 To 5 Business Days To Process, Or A Local Bank Transfer, Which Usually Takes 1 To 2 Business Days.
The Minimum Deposit Requirement For Credit Cards And Electronic Payments Is $5 (or Currency Equivalent), While The Minimum Deposit Requirement For Bank Telegraphic Transfers Or Local Bank Transfers Is $200. For Withdrawals, The Minimum Amount For Credit Cards And Electronic Payments Is $5 (or Currency Equivalent), While The Minimum Amount For Bank Telegraphic Transfers Is €50.
Customer Support
Although IFGM Provides Multiple Contact Details, Customer Support Lacks Efficiency And Responsiveness. Traders Experiencing Problems May Experience Communication Difficulties Due To A Lack Of Timely Assistance.
Although Contact Numbers In English, Simplified Chinese, And Thai Are Provided, Support Availability In Other Languages Remains Unclear. Email Can Be Sent To Multiple Addresses, Including [email protected], [email protected], But Responses May Be Delayed.
Contact Number:
English: + 612 9190 7577
Simplified Chinese: 4008959997
Thai: 0881481880
