IFC Markets is a Forex market leader providing traders with an assortment of trading instruments. Traders are allowed to trade commodities, CFDs, precious metals, currency pairs and so on, on its trading platforms. IFC Markets is registered by Financial Service Commission (FSC). The broker boasts vast experience in the market and has scooped various awards. It also has been involved in major projects concerning the market. A good example is the development of financial technologies, the broker being part of IFCM Group.
Standard-Fixed and Floating
For this trading account type, the initial deposit to be made is 1000 USD, 1000EUR or 10000 JPY. The leverage ranges from 1:1 to 1: 200. The broker provides the account with a minimum fixed spread starting 1.8 pips, whereas the floating spreads range from 0.4 pips on the minimum. The account type uses the hedging accounting system and a stop out of 10%. Additionally, the minimum trade volume for the standard-fixed and floating account is 10000 units.
Beginner- Fixed and Floating
As the name suggests, the beginner-fixed and floating trading account has been tailor-made for the newbies. The minimum initial deposit is 1USD, 1 EUR or and equivalent 100 JPY. A maximum equity of 5000 USD is required for the account type. Leverage ranging from 1:1 to 1:400 is provided for the beginner trading account. The minimum floating spread ranges from 0.4 pips while on the other hand the minimum for a fixed spread is 1.8 pips. The stop out for this trading account is 10%. The accounting system employed is netting and the trader is allowed a minimum deal volume of 100 units.
Demo-Fixed and Floating
The demo trading account has no initial deposit and maximum equity. The account is characterized by a 1:1 to 1:400 leverage, a minimum floating spread of 0.4 pips and a minimum fixed spread of 1.8 pips. The short margin level provided for traders is 100 units. Just like the other trading accounts, the accounting system used by the demo account is netting.
About IFC Markets and Security of Funds
The first assurance that traders with IFC Markets can get with the security of their assets is the fact that the broker is regulated. The regulatory body in charge is the BVI Financial Services Commission. BVI works with a Category 2 business license. With that it means that the body is allowed to formulate investments and deals. Before getting the license, the body undergoes vetting by the FSC. The good trading conditions offered by IFC is also a tell-tale sign that your funds are in the right hands. It is among the few brokers based overseas that are reliable. The 10 years of experience is an additional attribute that keeps the broker in a good position to handle funds.
Minimum initial deposit
If you are a trader with IFC Markets, you are expected to make a minimum initial deposit of $1. If you compare with most of the brokers, it is a significantly low amount. For traders using the standard account, however, they are supposed to make a minimum initial deposit of $1000. It is a good deal as the minimum initial deposits have been segmented for the needs of different types of traders.
Average spreads and commissions
The broker provides its clients with fixed spreads that amount to 1.8 pips. As it works with most of the brokers, whereby there exists a commission for the fixed spread, the case with IFC Markets is different. IFC Markets derives its revenue directly from the spreads. As much as the spreads may be a little bit tight, the broker is doing better than the others in the market which offer spreads ranging from 2.0 pips.
Most brokers overseas provide high leverage. Some ranging from 1:500. IFC Markets has a seemingly high leverage but not as high as the other brokers in the field. IFC Markets offer a leverage of 1:400. Also, it is worth noting that high leverage comes with higher risks of incurring losses.
Trading platforms used by IFC Markets are NetTradeX and MetaTrader4.
NetTradeX is a trading platform developed in-house. The trading platform allows for the traders to interact with different instruments in the forex market. The traders have the choice of trading stock, indices and CFDs. More so, the platform has been optimized for both mobile and desktop use on different operating systems. The platform has been uniquely structures and traders have the opportunity to work with personal composite instruments (PCI).
MetaTrader4is among the most popular platform in the Forex market. It is most preferred by the experienced users. It offers a user friendly interface that promises and offers the traders with the best trading experience. The platform is both mobile and desktop enabled. The platform also provides the traders with charting packages and indicators. More so, the traders get an added benefit of having Expert Advisors (EA). IFC also incorporated MetaTrader5 in its trading operations. The platform is an advancement of the MetaTrader4 platform.
The broker offers the trader with promotional opportunities. Among them is bonuses. For instance, there is a promotion running of $5 no deposit bonus. This bonus will go a long way in vamping what you already have in investment. The traders also get to participate in demo contests, live contests and get to win different awards. The traders are constantly rewarded for their loyalty through free training, trading courses and so on.
Briefly about IFC Markets
Working with IFC Markets Forex broker is a smart move on the traders’ ends as IFC Markets is a broker one can count on. Its tight regulation makes it a broker that the traders can trust with their funds. More so, it offers the clients with a good trading experience, which is the perfect combination of a forex broker that one should be working with. Among the other benefits that the broker provides the clients that are worth highlighting are tight fixed spreads, trading that is commission-free trading, high leverage, a low minimum initial deposit and interest on free margin yearly.