IFC Markets Review
Regulation: CySEC, FSC, LFSA
Min. Deposit: 100 US$
Platforms: NetTradeX, MT4, MT5
Found in: 2006
Regulation: CySEC, FSC, LFSA
Min. Deposit: 100 US$
Platforms: NetTradeX, MT4, MT5
Found in: 2006
IFC Markets provides its trading services for more than a decade to over 165k+ clients through unlimited trading instruments and numerous opportunities. IFC Markets is a part of the IFCM group of companies that are involved in the development of projects in the field of financial technologies with the requirements set by international legislation to provide financial services.
Being a Cyprus-established broker, IFC Markets offers an attractive and regulated proposal, yet international coverage is done through additional entities in BVI and Malaysia Labuan.
Based on our expert finds, IFC Markets is a good and reliable broker that provides regulated CFDs trading, and great education through a great range of platforms including MT4 and MT5 platforms and proprietary software. The account opening is fast with a demo account option, and the pricing is competitive with a low minimum deposit requirement with tight floating and fixed spreads.
For Cons, the broker market range is limited to FX and CFDs trading with support not available on weekends. The broker charges a deposit fee. Conditions vary depending on the jurisdiction and international trading is conducted through an offshore entity.
|CFDs trading Regulated Broker||Support not available 24/7|
|Great education through Academy||Conditions may vary in particular entities|
|MT4 and MT5 platform and proprietary software||Deposit fee|
|Fast account opening and free Demo account|
|Low costs and wide range of instruments|
|🗺️ Regulation||CySEC, FSC, LFSA|
|🖥 Platforms||NetTradeX, MT4, MT5|
|📉 Instruments||50 currency pairs, 400+ stocks CFDs, 19 commodity futures, 4 CFDs on ETF and Crypto Futures|
|💰 EUR/USD Spread||1.2 pips|
|💰 Base currencies||Several currencies|
|🎮 Demo Account||Included|
|💳 Minimum deposit||$100|
|📚 Education||Education Videos, Webinars and Analysis, Research tools|
|☎ Customer Support||24/5|
Overall, we find IFC Markets a reliable broker with an established global presence offering the best CFD products backed up with great technology. Conditions are suitable for both beginners and experts with low fixed and floating spreads. Extensive educational and research tools make the broker stand out among brokers in the industry.
|Ranking||IFC Ranking||Interactive Brokers||FxPro|
|Advantage||CFDs||Real Stocks||ECN Execution|
However, IFC Markets has disadvantages too, the instrument offers is mainly limited to Forex and CFDs, also offshore entity provides different trading conditions and range. The broker also charges fees for depositing. So it is good to review other brokers as well:
We noticed that the broker has earned multiple awards and has been recognized by many financial experts and clients with good reviews and high customer satisfaction scores. Also, we see ourselves evolvement of the broker along time, while more instruments and better quality tools are constantly added. Here are examples of some of the most notable awards:
We consider IFC Markets a safe broker with lower risk for its solid adherence to legal norms actively improving its trading conditions year by year establishing a good reputation and ensuring safe trading, so traders can be sure that their funds are protected from fraud.
IFC Markets is regulated by the European authority CySEC which demands strict following of rules as authorities enable and supervise the company to carry out investment business. However, the IFC Markets is a brand name used by the two established companies IFCMARKETS. CORP. incorporated in the British Virgin Islands under the registration and license of the British Virgin Islands Financial Services Commission (BVI FSC).
Even though the jurisdiction is offshore, which we always advise taking caution due to their lack of control over financial firms, IFC Markets incorporated an additional entity the IFCM CYPRUS LIMITED a Cyprus Investment Firm registered under the regulation of the CySEC.
See our conclusion on IFC Markets Reliability:
|IFC Markets Strong Points||IFC Markets Weak Points|
|CySEC regulated international broker||International proposal is done through offshore licenses|
|Negative Balance Protection|
|Representative offices globally|
|Professional indemnity for Financial Institutions Insurance|
IFCM CYPRUS LIMITED as a CySEC broker is also a member of the ICF (Investor Compensation Fund) and complies with the European Commission’s MiFID, which is authorized to provide investment services within EEA safely.
Generally, the customers’ safety is enabled through various ways with funds segregation, participation in schemes, as well IFCMARKETS. CORP. holds Professional indemnity for Financial Institutions Insurance in AIG EUROPE LIMITED.
Leverage is the tool by which you may trade a large amount of money, through its capability to magnify the initial balance therefore money you operate. Yet the probability of profits or losses increases in parallel, which makes it important to learn how to use leverage smartly.
We found that IFC leverage levels are determined by regulatory restrictions, as well as by your personal residence in one country or another. So be sure to verify applicable conditions according to your residence and other laws as well.
We found three account types Standard, Beginner, and Demo accounts provided by IFC Markets with balance currency USD, EUR, JPY, and uBTC so easy transfers are available, either with fixed or floating spreads for each of the trading platforms. A higher grade account will bring better conditions as well as lowering maximum leverage to a 1:200 but requires deposits from 1,000$.
Also, you may get VIP status and get flexible trading conditions, exclusive personal instruments, free access to a VPS, 0 commissions on deposits and withdrawals, and much more.
|Fast digital account opening||No ECN trading|
|Three Accounts offered|
|Variable and fixed spread accounts|
IFCM is an international Forex and CFD Broker giving an opportunity to trade 50 currency pairs with instant order execution, 400+ stocks CFDs with 100% dividend adjustment and up to 1:30 leverage, 19 commodity futures with no expiration, 4 CFDs on ETF Traded in NYSE and CFDs on Crypto and Futures.
IFC Markets offers a pricing model and quotes themselves are provided by bank-liquidity providers that automatically transfer clients’ orders to the interbank market. Trading on IFC is commission-free with tight spreads and no hidden costs. The broker also doesn’t charge withdrawal fees, however, it does charge a deposit fee.
Also, always consider rollover or overnight fee as a cost, charged on the positions held longer than a day and determined whether you are selling or buying instruments. Quotes are charged or refunded by the specific measure defined on each instrument, as an example also refers to the table above.
In addition, clients belonging to the Islamic religion can open an Islamic Trading Account where Swaps are not calculated (Find swap-free brokers by link).
|Fees||IFC Markets Fees||Fortrade Fees||FXPrimus Fees|
From what we have found, the broker provides the choice between fixed and floating spreads depending on which trading platform and trading account you choose, also the spreads are quoted by liquidity providers. The spreads for forex trading start at 0.4 pips for floating spread accounts and at 1.8 pips for fixed spread accounts.
|Asset/ Pair||IFC Markets Spread||Fortrade Spread||FXPrimus Spread|
|EUR USD Spread||1.2 pips||2 pips||1.7 pips|
|Crude Oil WTI Spread||6 pips||7 pips||5 pips|
|Gold Spread||80 pips||45||26|
We found that IFC Markets allows deposits in several base currencies: USD/EUR/JPY. Any fees are directly associated with the payment method rather than a commission for the broker.
Here are some good and negative points for IFC Markets funding methods found:
|IFC Markets Advantages||IFC Markets Diasadvantages|
|Some methods are free of charge||Minimum deposit and conditions vary according to the entity|
|Very low minimum deposit – 1$||Deposit and withdrawal fees|
|Wide range of payment methods supported|
The payment methods include a range of world-leading payment providers, thus the IFCM supports Wire Transfers, Bank Cards, WebMoney, Skrill, Neteller, OKPAY, Unistream, and transfers between own trading accounts.
The minimum IFC Markets account opening requirement is $100 as a start for Beginning account based either on floating or fixed spread (Find the best-fixed spread forex broker by the link) demand only. The deposit minimums are diversified by the funding option along with applicable commissions or without them.
IFC Markets minimum deposit vs other brokers
|IFC Markets||Most Other Brokers|
IFC Markets made a promotion to cover fees for deposits or withdrawals. Yet, this is applicable to some IFC Markets withdrawal methods, which you should check with customer service as there are some differences between the countries of origin. Some deposits will also add on processing fees and others are offered for free for example Credit Card payment.
For the withdrawals, you can use the same methods along with application to the option commissions and minimum amounts that are allowed for transfer, which is defined by every provider. E.g. Card transfers minimum is 10$ with 2% + 7.50$ commission above, while CashU charges no fees.
We saw that the broker’s trading platforms range includes the popular choice of MetaTrader4 and MetaTrader5, as well as IFCM is the licensee for the usage of the new generation trading station NetTradeX.
Trading Platform Comparison to Other Brokers:
|Platforms||IFC Platforms||HFM Platforms||Pepperstone Platforms|
Most probably, market leaders MT4 or advanced MT5 do not require too much introduction, as platforms deliver a comprehensive feature to trade with numerous possibilities, automation of trading, and a MultiTerminal available too.
So another option is to use NeTradeX which is advanced software that perfectly fits professional traders giving the possibility to trade with unique features of the GeWorko Method with the creation of own instruments, Portfolio Trading, etc. The instruments range including the standard ones along with synthetic instruments created by experts and availability to create own one.
Platforms are available on the Web version as well, yet feature less functionality and comprehensive tool rather than the desktop does. Meanwhile, it is good for monitoring and basic trading strategies and definitely worth consideration as well.
Also, there is an option to use the platforms on various devices including mobile applications, iOS and Android which is a great feature.
What we also want to highlight is the excellent customer support that is provided in 18 languages through the constant availability and multiple contact ways that are available through IFC Markets’ established entities. The customer support is knowledgeable and quick and includes 24/5 commitment.
See our find and Ranking on Customer Service Quality:
|User friendly software||No 24/7 support|
|Available platforms MetaTrade 4 and 5 also proprietary NetTradeX|
|Versions suitable for Web, Mobile and Desktop trading|
|Supporting numerous languages|
Since the trading environment is not the only important part of successful trading, the broker recognizes the need to support and educate their clients in various ways. We found an extensive range of educational materials suitable for all levels of expertise that are organized through Online Trading Academy, Video tutorials, books, and glossaries along with daily technical analysis and analytical videos that are prepared by the experts.
Overall, our impression of the broker was positive. IFC Markets is a well-developed group of companies that provides access to trading on a comprehensive range of Trading instruments Forex and CFDs, along with the newly presented markets and comprehensive portfolio.
The business model is based on transparent and trustful relations with the clients through established STP execution with a range of platforms, including the proprietary platform with powerful features. The broker provides tight floating and fixed spreads directly from the market liquidity providers, ensuring the best choice of ask and bid price. Besides, the broker supports you with education and customer service in multiple languages along with accounts to choose from.
Based on Our findings and Financial Expert Opinion IFC Markets is Good for:
No news available.