IFM Trade review
Intelligent Financial Markets Pty Ltd (IFM) is registered in Australia and is regulated by the local ASIC.
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.
Traders can pick one of the three offered accounts: Pro, Standard, and Islamic. Currencies, metals, goods, and indices are available for trading.
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.
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.
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.
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.
IFM Trade 2/10 (votes 2196)