IFMTRADE

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Advantages:

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Disadvantages:

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About company:

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

Safety

As we mention in all of our reviews, financial regulation is one of the important points to look out for when choosing a broker. The Australian Securities Commission (ASIC) is one of the best regulators. It requires keeping money in segregated accounts. In addition, to obtain a license, a broker must have over 1 million AUD.

Trading conditions

Traders can choose from three offered accounts: Pro, Standard, Islamic. Trading is carried out in the following assets: currency pairs, metals, commodities, indices.

Minimum initial deposit

IFM Trade has set a minimum deposit of $ 200, which is average but slightly higher than other brokers offer today. You can find companies with a down payment of $ 100 or even $ 1.

Average spreads and commissions

Trading costs in IFM Trade are included in the spread. The spread on the popular EUR / USD pair is about 1 pip. This is a pretty good deal compared to other brokers.

Leverage

IFM Trade has set a leverage limit of 1: 500 for standard accounts and a maximum of 1: 200 for larger Pro accounts.

If you are looking for an even higher leverage ratio, you can always trade with other companies that offer up to 1: 1000.

Trading platforms

IFM Trade offers trading via MetaTrader 4 (MT4).

MetaTrader is the leading platform in the industry. One of its unique features is the sheer number of add-ons. New technical indicators and automated trading systems are constantly being created. The trader can test before buying them.

In addition, a functional mobile application for Android and iOS is available. Most of the options are also available on the phone. One of the most convenient features is that you can have multiple accounts (even with different brokers) connected to the same application and just switch between them.

Ways of payment

IFM Trade accepts deposits through: wire transfer, credit / debit card and popular e-wallets including Skrill, Neteller and China Union Pay.

Support service

Support hours are not specified. Traders can contact with their questions by phone, write on Skype or by e-mail.

Pros:

ASIC regulation; competitive spreads; MetaTrader4 platform.

Minuses:

the site is only available in English.

FAQ - BROKER QUESTIONS IFMTRADE

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Can the broker IFMTRADE be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. IFMTRADE received a rating of 1 out of 5 on our resource.