ASIC requires licensed financial services providers to meet strict capital requirements and to implement and comply with internal procedures including risk management, staff training, accounting and audits.
How are my funds held with IFM Trade?
When you fund your trading account with IFM Trade your funds are in a segregated client bank account. For this task we have selected the most reliable partner – the biggest bank in Australia – Commonwealth Bank. IFM Trade keeps clients funds on segregated accounts which are separated from its own funds and reconciled on a daily basis.
Regulation of IFM Trade
IFM Trade is a registered business name of Intelligent Financial Markets Pty Ltd which holds an Australian financial services licence (AFSL) No. 426359 and is regulated by the Australian Securities and Investments Commission (ASIC). While ASIC is a robust regulator, ASIC does not endorse specific products. ASIC’s regulation of us applies in respect to our Australian financial services activities only. You should be mindful of the risks of trading Margin FX and CFD contracts and note that you can incur losses when trading. Returns are not guaranteed. ASIC, the Australian Government nor any other person guarantees any monies in your account.