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IFM Trade review

IFM Trade


On-line since: 2012
Country of origin: Australia
Regulation: ASIC
Payment options: MasterCard/Visa, Skrill, China UnionPay, PayPal, Neteller, BPay
Minimum account size: $200
Minimum lot size: 0.01 lot
Leverage: up to 1:500
Spreads: from 0 pips

About company:

Intelligent Financial Markets Pty Ltd (IFM) is registered in Australia and is regulated by the local ASIC.

Security

Financial security is one of the key moments, to which a trader should pay attention when choosing a broker. The Australian Securities and Investments Commission (ASIC) is one of the best regulatory bodies. It requires companies to keep funds on segregated accounts. Besides, a broker has to hold at least AUD 1 million to obtain the license.

Trading conditions

Traders can pick one of the three offered accounts: Pro, Standard, and Islamic. Currencies, metals, goods, and indices are available for trading.

Minimum deposit

IFM Trade requires the minimum deposit of at least $200, which is slightly higher than other brokers ask. One can easily find brokerage companies with the minimum deposit of $100 or even $1.

Average spreads and commissions

Trading costs are included in a spread. The spread for the EUR/USD pair makes up around 1 pip. It is quite a good offer in comparison with other brokers.

Leverage

The leverage with IFM Trade is up to 1:500 for the Standard accounts and 1:200 for the Pro accounts.

If you look for a bigger leverage, you can always find a company that offer a 1:1,000 leverage.

Trading platform

IFM Trade provides MetaTrader 4 (MT4) for trading.

MetaTrader is the leading platform in the industry. Its uniqueness is a vast number of extra features. New technical indicators and automated systems are constantly created. Traders can test them before buying.

Payment methods

IFM Trade accepts payments through wire transfer, payment cards and popular e-wallets such as Skrill, Neteller, and China UnionPay.

Client support service

Working hours of the client support are not specified. Traders can contact the client support service via phone, Skype or email.

Advantages:

  • ASIC regulation;
  • competitive spreads;
  • MetaTrader 4.

Disadvantages:

  • The website is available only in English.

IFM Trade 2/10 (votes 2196)
Author of IFM Trade: Dave | Date 2020-11-19
I have found huge problems on experienced that IFM Trade's MT4 platform. Such as delay execution and fake pricing, which fell me a slippage position or delay executions all time. it always paused for 20-50 seconds or 10-40 pips slippage. Beside my orders failed to generate T/P or S/P too. So I say IFM Trade platform is rubbish service in the marker. While still I have some invest and trying to withdraw my money.
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