On-line since: 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:
Disadvantages:
2/10
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I am disappointed with IFM Trade after using their live account for two months and there is a big difference. During the last Fed news announcement, I opened two orders. Unexpectedly I did not make a profit, as my EA does not work. When I contacted with their customer support over the phone they told me that I cannot use EA on news time. So now I could not even think of trading with IFM Trade anymore.
I tested many expert advisor here and everything going smooth, but in the weekend spread widen so it is not wise to keep positions especially holding hedging positions here. I didn't had any difficulties trading since I join IFM. Their system to withdrawn of the money always smooth and execution is decent also good trading conditions. In a week’s I earn around $600 - $750 and every time I get money its run without any hassle. I like IFM Trade too much beside the platform it is easy to work with it the executions of trades also fast in. Their reputation is good as well, so I think I will stay long term with them.
I really do not recommend IFM Trade. They was good broker before but now they start taking people money, manipulating prices, having high slippage, slow execution and execute orders on other places. Platform is simple but working not so well. Charges commissions for the same trading conditions as other brokers. Extremely unprofessional employees.
Even though I do not have a lot of experience in trading, I did not have a hard time adjusting to the trading system of IFM Trade. Their platform is very easy to use and the tools are understandable. I also love that the fees are very low.
I haven't faced requote and never closed a trade with negative slipage. I withdraw money every month and all service are perfect. I also trade other brokers but they are different. Have enough money on account if the market goes down. Don’t leave open trades with big bets, big bets can be made only on short terms. You should know basics of technical analysis and read broker analytics. You should choose a broker carefully and trade correctly.
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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