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IFGM Review 2025

IFGM Review 2025

Updated:
Updated: January 06, 2025

Summary of IFGM Trading Company

IFGM presents itself as a regulated broker and claims to hold a license from the Australian Securities and Investments Commission (ASIC). However, upon verifying the document listed on their website (ACN 155 185 014) in the ASIC registers, we discovered that the license belongs to Intelligent Financial Markets Pty Ltd, not IFGM, which is registered as Intelligent Financial Global Markets. This discrepancy between names suggests deceptive practices by IFGM regarding its licensing claims.
IFGM's presence on various scam lists across different platforms, along with a multitude of negative reviews from traders unable to retrieve their investments, further corroborates its dishonesty.
Currently, the IFGM website is operating with limitations, displaying only the main page and rendering other sections inaccessible. Moreover, it is impossible to open an account with the broker, confirming the regulator's sanctions concerning their financial services.

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chamila
1 year ago

IFGM claims to work with a license. I didn't pay much attention to them mentioning someone else's license number on their website. The requirements for the initial deposit are quite reasonable, so I decided to open an account for trading currencies and indices. Cent accounts are not available, so I traded a bit on the demo and then switched to a Standard account. It turned out that the spreads in reality were much higher than in the demo. I didn't expect such large values at all. The support promised that spreads would decrease when the market became more static, but it didn't happen. My $200 from the deposit disappeared literally within a week, so there was nothing to withdraw. Obviously, I stopped working with IFGM.

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erwin
1 year ago

IFGM is not a broker but a primitive platform designed to lure money from inexperienced traders. I immediately realized that it was a scheme that created a flashy website to attract people who don't know how to choose brokers. Checking the managing brand IFGM company will easily show that it has no license. However, newcomers to trading don't know how and where to check a broker and fall for attractive promises. Out of curiosity, I tried the demo mode, and as expected, it had cool spreads and good execution. But IFGM doesn't offer cent accounts, so testing its performance in the real market is only possible after opening a Standard account, which requires significant investments and risks.

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nsawork
1 year ago

The first deception by IFGM revealed itself a couple of minutes after I made a deposit and installed the trading platform. I needed an account not only for currency trades but also for CFDs on indices. IFGM promised access to 9 indices on its website, but only two were active on the platform such as NASDAQ and Dow Jones. I don't trade U.S. indices and prefer contracts quoted on the EU exchanges. The currencies choice at IFGM is also not very good as only 28 of them are available. But it suited me since I mainly invest in majors. However, the spreads on major pairs were very high, although, in the demo, they started from 0.8 pips. In general, IFGM was not suitable for me. I just wasted time and money.

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realfun07
1 year ago

As for me, IFGM has somewhat strange conditions. On Pro accounts, designed for professionals, you can only trade currency pairs and metals. Neither commodities nor cryptocurrencies are available on it. The Standard account doesn't suit me because of the pricing model. I don't understand how an experienced trader can work well with IFGM. It turns out that you have to choose either a Standard account with high commissions or a Pro account with favorable trading conditions but a very limited range of assets. So, I thought for a few days and also read reviews about IFGM. The integrity of his work raised questions for me, so I abandoned the idea of working with him.

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emammastupt
1 year ago

Profitable partnerships, the best trading conditions, and potentially profitable trust management accounts are what IFGM promises. In reality, it's a gathering of unscrupulous individuals who want your money. I traded on the IFGM Standard account for a few months. I won't say I was always at a loss as there were successful trades. Once I accumulated the first $100 in profit, I decided to withdraw it. The request was approved, and the money appeared in the bank account within three days. Joyfully, I deposited $500 to continue. The next month wasn't particularly successful, but there was still profit, so I submitted a withdrawal request again. However, for some unknown reason, it was canceled. Then I applied many more times but with no results.

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pachegulla
1 year ago

Brokers can be quite different from one another, and I experienced this firsthand with IFGM. Dishonest actions on their part started almost immediately after receiving payment from me. Trades were closing randomly, stops weren't triggering, and slippages were happening constantly. I regularly contacted support and attached screenshots of orders that incurred losses due to the broker's actions, but there was no response. They dismissed it with Standard phrases about slow internet, blaming me, of course, and incorrect stop-loss settings. They did everything they could to avoid admitting fraud on their part. I held out for a month, then I got fed up and made a withdrawal request. It's been six months now, but I still haven't received my money.

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rmano22
1 year ago

I've never encountered such blatant deception among brokers as with IFGM. It's impossible to profit from pending orders as they are either constantly canceled or executed at the worst price. The broker always has an explanation and facts claiming that you allegedly violated some trading rule. I've been in trading for years, so before starting any collaboration, I always read the agreement between the company and its clients. IFGM's offer doesn't prohibit scalping, but as it turns out, it's not always allowed. The same goes for EAs (Expert Advisors) as some are allowed, and others are strictly prohibited. However, no one informs you of this in advance. You only find out about it after applying for a withdrawal. IFGM is a scam, stay away from it.

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

FAQs

Why has IFGM been placed on the Forex Broker Blacklist?

Possible reasons:
• multiple complaints have been filed against IFGM by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of IFGM is down, not updated or operates with clear errors and some features are not available;
• IFGM has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.

What should I do if IFGM got blacklisted and I still have money in my account?

Don’t panic right away. First, try to find out the reason why IFGM got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.

What should I do if I cannot withdraw my money from IFGM?

If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.

Is there any chance to recover my money if IFGM is a scam?

On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.

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