Xtrade

Intelligent Financial Global Markets (IFGM) has been operating since 2012 and is headquartered in Australia. It is an Australian Forex broker providing trading tools and a MetaTrader 4 (MT4) platform, currently licensed by the Australian Securities and Investments Commission (ASIC) and Regulated under license number AFSL 426359.

Financial Instruments

IFGM claims to offer traders more than 450 financial instruments, including CFDs on global stocks, as well as some cryptocurrencies.

Account Type

Traders can open three real accounts on the IFGM platform: Standard Account (minimum deposit of $200), Professional Account (minimum deposit of $1000), and Swap Free Account (minimum deposit of $200). Standard accounts are designed for beginner traders, while professional accounts are designed for active professional traders. Deposits to trading accounts can be made in the following currencies. AUD, EUR, USD and GBP.

Leverage

In the professional account, you can choose a leverage of 1:100 or 1:200, while in the standard and swap-free accounts, you can choose from 1:100, 1:200 or 1:500. These ratios are high and can help traders seize opportunities with minimal cash outlays.

Spread&Commission

The spread is variable, starting from zero. Professional accounts charge $3.59 in commissions and swaps, while swap-free accounts do not charge commissions and swaps. Commissions are only charged on stocks in Standard Accounts. In general, transaction fees are about the industry standard.

Trading Platform

IFGM supports the classic MetaTrader 4, which is popular among brokers for its ease of use, functionality and lightness. MT4 has a powerful charting package, but perhaps its most prominent MT4 feature is automated trading, known as Expert Advisors (EAs).