IFM broker Accounts

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

ifm Account Types Explained

ifm offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips, no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners, access to all trading instruments, user-friendly platform.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads starting from 0.1 pips, commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, ideal for high-frequency trading.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips, commission of $2 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools, priority customer support.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but without swap fees.
• Leverage Options: Up to 1:200.
• Key Features: Compliant with Sharia law, no interest fees.
• Target User Profile: Muslim traders seeking a compliant trading option.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Same as Standard account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free environment for practice, access to all trading instruments.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed ifm Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly interface.

• Access to a wide range of instruments.

• ECN Account:

• Tight spreads and low commissions.

• Direct market access.

• Ideal for scalping and high-frequency trading.

• Pro Account:

• Enhanced trading tools and features.

• Priority support.

• Suitable for institutional trading.

• Islamic Account:

• Compliant with Islamic finance principles.

• No swap fees.

• Demo Account:

• Risk-free trading environment.

• Practice strategies without financial risk.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• ECN Account:

• Higher minimum deposit.

• Commission fees can add up for frequent traders.

• Pro Account:

• High minimum deposit.

• Not suitable for casual traders.

• Islamic Account:

• Limited availability for some trading instruments.

• Demo Account:

• Limited to virtual funds and does not reflect real market conditions.

ifm Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions may be restricted.
• Identity Verification Documents Needed: Government-issued ID (passport, drivers license).
• Proof of Residence Requirements: Utility bill or bank statement with your name and address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial statements may be required.

KYC/AML Compliance Procedures

• All applicants must complete a Know Your Customer (KYC) verification process to comply with Anti-Money Laundering (AML) regulations.

Verification Time Frames

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

Step-by-Step ifm Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the official ifm website.
2. Click Registration: Locate and click on the registration button.
3. Personal Information Entry: Fill in your personal details including name, email, and phone number.
4. Choose Account Type: Select the desired account type from the available options.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload the required identification and proof of residence documents.
7. Account Verification: Wait for the account verification process to be completed.
8. Fund Your Account: Deposit the minimum required amount to activate your trading account.
9. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have fewer options for document uploads.

Common Registration Issues and Solutions

• Issue: Document upload failed.

• Solution: Ensure documents are in the correct format and size.

• Issue: Verification delay.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• To upgrade or downgrade your account type, contact customer support for assistance and follow their instructions.

ifm Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.
• Ability to test the trading platform without financial risk.

How to Open a Demo Account

• Visit the ifm website and select the option to open a demo account.
• Fill in the required information and submit your application.

Demo Account Limitations

• The demo account is limited to a virtual balance and does not allow for real trading.

Virtual Balance Amount

• The demo account typically comes with a virtual balance of $10,000.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money and actual market conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited time, often 30 days, but can be extended upon request.

ifm Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available and comply with Sharia law by not charging or paying interest.

Eligibility Requirements

• Traders must declare their intent to open an Islamic account and provide necessary documentation.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• Islamic accounts may have restrictions on certain trading instruments that involve interest.

FAQs – ifm Account Types & Opening

1. What account types does ifm offer？

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

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

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $500, Demo: $0.

1. How long does ifm account verification take？

• Account verification typically takes 1 to 3 business days.

1. Does ifm offer demo accounts？

• Yes, ifm provides demo accounts with a virtual balance for practice.

1. Can I have multiple account types with ifm？

• Yes, you can have multiple account types, but you may need to contact support for setup.

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

• Yes, ifm offers Islamic accounts that comply with Sharia law.

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

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

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.