IFG broker Accounts

ifg Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

ifg Account Types Explained

Independent Financial Group (IFG) offers a variety of account types tailored to meet the needs of different traders. Below is a comprehensive overview of the available account types, their features, and the target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:100.
• Key Features: Basic account suitable for beginners; access to various trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; lower spreads; suitable for scalping.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:500.
• Key Features: Enhanced trading conditions; suitable for high-volume traders.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Similar to Standard or ECN accounts; no swap fees.
• Leverage Options: Up to 1:100.
• Key Features: Swap-free account compliant with Islamic finance principles.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to live accounts.
• Leverage Options: Up to 1:100.
• Key Features: Practice trading without risk; access to all trading instruments.
• Target User Profile: All trader levels.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Detailed ifg Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Easy to open and manage.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Direct access to the market.

• Lower spreads for cost-effective trading.

• Ideal for scalping strategies.

• Pro Account:

• High leverage for experienced traders.

• Lower commission fees for high-volume trading.

• Enhanced trading conditions.

• Islamic Account:

• Compliant with Islamic finance principles.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice strategies without financial risk.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced trading features.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees may add to trading costs.

• Pro Account:

• High minimum deposit requirement.

• More suitable for professional traders only.

• Islamic Account:

• Limited availability of certain features.

• May have higher spreads compared to Standard accounts.

• Demo Account:

• Virtual funds only; no real profit.

• Limited duration for practice.

ifg Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
• Prohibited Countries: Countries under sanctions or restrictions may not be eligible.
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement showing current address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• IFG adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and source of funds.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

Step-by-Step ifg Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the IFG website and select the account type you wish to open.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification and proof of residence documents.
6. Account Verification: Wait for IFG to verify your documents.
7. Fund Your Account: Once verified, deposit funds into your account using the available payment methods.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, although the mobile interface may have a simplified layout.

Common Registration Issues and Solutions

• Document Rejection: Ensure documents are clear and meet the specified requirements.
• Email Verification Issues: Check spam folders for verification emails; resend if necessary.

Average Account Approval Time

• Typically, account approval takes 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Contact IFG customer support to request an account type change, providing any necessary documentation for the new account type.

ifg Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice without financial risk.
• Access to all trading instruments and features available in live accounts.

How to Open a Demo Account

• Select the demo account option on the IFG website and follow the registration process.

Demo Account Limitations

• Limited duration (typically 30 days).
• Virtual funds only; no real trading profits.

Virtual Balance Amount

• Demo accounts usually come with a virtual balance of $100,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

ifg Islamic Account Details

Swap-Free/Islamic Account Availability

• IFG offers Islamic accounts that comply with Sharia law, providing a swap-free trading experience.

Eligibility Requirements

• Must be a Muslim trader seeking compliance with Islamic finance principles.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, which are typically charged overnight.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, such as limited leverage or higher spreads.

FAQs – ifg Account Types & Opening

1. What account types does ifg offer？

• IFG offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $500, ECN: $1,000, Pro: $5,000, Islamic: $1,000, Demo: N/A.

1. How long does ifg account verification take？

• Verification typically takes 1-3 business days.

1. Does ifg offer demo accounts？

• Yes, IFG offers demo accounts for practice trading.

1. Can I have multiple account types with ifg？

• Yes, clients can open multiple account types.

1. Does ifg offer Islamic/swap-free accounts？

• Yes, IFG provides Islamic accounts that are swap-free.

1. What documents do I need to open a ifg account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.