To select an appropriate brokerage firm while reviewing thousands of offerings might be a hard task. For this reason, we assist in choices by reviewing brokers, providing detailed information and support in selection among offering, and here is freshly updated IFC Markets Review among others.
What is IFC Markets?
IFC Markets provides its trading services for the last 12 years to over 120k+ clients through unlimited trading instruments and numerous opportunities. While IFC Markets is a part of IFCM group of companies that are involved in the development of the projects in the field of financial technologies with the requirements set by international legislation to provide financial services.
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 Futures. Their pricing model and quotes themselves are provided from bank-liquidity providers that automatically transfer of clients’ orders to the interbank market.
Since the trading environment is not the only important part of the successful trading, the broker recognizes the need to support and educate their clients in various ways. The education materials organized through Online Trading Academy, Video tutorials, books and glossaries along with daily technical analysis and analytical videos that are prepared by the experts. While the customer support offers 18 languages by the constant availability and multiple contact ways.
Nevertheless, to understand offering in a detail you should always check the most important information of the broker’s proposal. In this purpose this review covers the following highlights:
- Is IFC Markets safe or a scam?
- Trading Platform
- Trading Fees with conditions that consist of spread and overnight fee
- Leverage and its maximum levels
- Deposits and Withdrawals conditions with a minimum deposit and withdrawal fee
- Conclusion on IFC Markets
Is IFC Markets safe or a scam?
The IFC Markets is a brand name used by the two established companies IFCMARKETS. CORP. incorporated in the British Virgin Islands under registration and license of the British Virgin Islands Financial Services Commission (BVI FSC). Even though that the jurisdiction is offshore, which we always advise taking caution due to their lack of control over financial firms, IFC Markets incorporated additional entity the IFCM CYPRUS LIMITED a Cyprus Investment Firm registered under the regulation of the CySEC.
Therefore, we consider IFC Markets as a safe broker due to their additional regulation by the European authority which demands strict follow of rules as authorities enable and supervise the company to carry out investment business. 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 authorized to provide investment services within EEA safely.
Generally, the customers’ safety 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.
IFC MarketsTrading Platforms
The 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.
As most probably, market leaders MT4 or advanced MT5 does not require too much introduction, as platforms delivering a comprehensive feature to trade with numerous possibilities, automation of trading, and a MultiTerminal available too. Also, there is an option to use the platforms on various devices including mobile applications, which is a great feature.
So other option is to use a NeTradeX that is advanced software which perfectly fits professional traders giving a 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.
The trading terminal apart from the common functions provides automated trading with Advisors and graphical interface for managing positions and orders, custom indicators and service utilities. So you can operate either on the NetTradeX Advisors or simultaneously in both terminals as a primary and secondary one. The integrated language of NetTradeX Advisors complements the functionality of the main terminal, thus you can use manual mode or set up the algorithms with the specified code, which is indeed a fantastic opportunity to be considered.
IFC Markets Trading Costs and Spread
IFCM took into consideration various trading requirements, hence offers several trading accounts either with fixed or floating spreads for each of the trading platforms. Besides to the real trading accounts, the IFCM allows free Demo account which operates with virtual funds and intended for studying or the functional purpose to test strategies. Also, you may get the VIP status and get flexible trading conditions, exclusive personal instruments, free access to a VPS, 0 commissions on deposits and withdrawals and much more.
IFC Markets spread
While all trading styles are welcomed at IFC Markets, broker also offers competitive trading strategy and spreads while you are able to choose either fixed spread or floating spread according to your need. Therefore, spread offering is depending on the account type you choose, as well as vary on each platform, refer to the table below and see fixed IFC Markets spread, as well you may compare fees to another popular broker FXPrimus.
IFC Markets rollover
Also, always consider rollover or overnight fee as a cost, charged on the positions held longer than a day and determined either you are selling or buying instruments. Quotes are charged or refunded by the specific measure defined on each instrument, as an example also refer to the table above.
In addition, clients belonging to the Islamic religion can open an Islamic Trading Account where Swaps are not calculated.
IFC Markets Leverage
Leverage is the tool by which you may trade a large amount of money, through its capability to magnify 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.
IFC leverage levels determined by the regulatory restrictions, as well as by your personal residence in the country or another. Therefore, trading with European IFC Markets entity the maximum leverage level is set to 1:30 for Forex instruments, while trading with its offshore branch may allow you to access to high leverage up to 1:300.
IFC Markets Payment Methods
The payment methods include a range of the world leading payment providers, thus the IFCM supports Wire Transfers, Bank Cards, WebMoney, Skrill, Neteller, OKPAY, Unistream and transfers between own trading accounts.
IFC Markets minimum deposit
The deposit minimums are diversified by the funding option along with applicable commissions or without them. Generally, the minimum account opening requirement for Beginning account based either on floating or fixed spread demand only 1$ as a start.
IFC Markets deposit fees
Overall, IFC Markets made a promotion to cover fees for deposits or withdrawals. Yet, this is applicable to some methods, which you should check with customer service as there are some differences between the countries of origin.
For the withdrawals, you can use the same methods along with applicable to the option commissions and minimum amounts as defined at every provider. E.g. Card transfers minimum is 10$ with 2% + 7.50$ commission above, while CashU charges no fees.
Conclusion on IFC Markets
The IFC Markets review is about the development group of the companies that provides access to trade 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. Besides, broker supports you with education and customer service in multiple languages along with accounts to choose from that all in all makes it a reasonable and potentially fruitful environment.
And of course, we would be good to know your personal opinion about IFC Markets, you may share your experience in the comment area below, or ask us for some additional information.
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