IFGM – what we know and have as facts about it; IFGM is a brand name of Intelligent Financial Markets Pty Ltd, which was launched in 2012 in Australia and is authorized and regulated by the Australian Securities and Investments Commission (ASIC) under license number 426359. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Product Disclosure Statement document that IFGM is a market maker, not a broker, and accordingly will act as a principal, not as an agent, in respect of all transactions. The company is a counterparty to every transaction. In general, dealing with market makers involves a conflict of interest because they do not transmit every customer deal and hope that customers will lose. Every loss of customers is their profit.
So far, we have not received any complaints from customers of IFGM. If you have any criticism to share with us or feel annoyed by IFGM, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and IFGM if you wish.