Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

IFC Markets Review

4.67
36 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

IFC Markets general information

Founded in: 2006 year
Headquarters:
Cyprus
Minimum Deposit: 0 $
Website: www.ifcmarkets.com
Website languages:
English, Arab, Vietnamese, Indonesian, Spanish, Italian, Chinese, Malay, Deutsch, Persian, Portuguese, Russian, Turkish, French, Hindi, Czech, Japanese
Execution model:
STP
Deposit currency: USD, EUR, JPY
Support languages:
English, Arab, Vietnamese, Spanish, Italian, Chinese, Malay, Deutsch, Persian, Portuguese, Russian, Turkish, French, Hindi, Czech, Japanese
Regulated by:
FSC (British Virgin Islands) license №669838
CySEC (Cyprus) license №147/11
Mobile trading: iOS, Android, Windows Phone
Types of offered accounts:
Unlimited Demo Accounts, Standard Accounts, Swap free accounts, VIP accounts, Micro accounts
Affiliate program: 1

IFC Markets Forex broker description

Pros

No hidden fees Scalping is allowed MT4, MT5 and NetTradeX support Good technical analysis tools

Cons

No trading signals High spreads



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.

Trading accounts

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.

Trading Conditions

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.

Leverage

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

Trading platforms used by IFC Markets are NetTradeX and MetaTrader4.

NetTradeX

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).

MetaTrader4

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.

Promotions

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.

Trading accounts of IFC Markets

  • Standard
  • Beginner
  • Standard (MT4)
  • Micro
  • Demo MT5
Trading platforms: NetTradeX
Minimum Deposit : 1000 $
Deposit currency :
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
Trading instruments:
Forex1:200
CFD's1:200
Metals1:200
  • Gold
  • Silver
Energy sources1:200
  • Oil
  • Gas
Stop Out:
10 %
Minimum position size:
0.1 лотов
Maximum position size:
No limit лотов
Max. number of orders:
Execution type:
Instant Execution
Swap Free:
Yes
VIP Account:
Yes
Spread type:
Fixed
Decimal places:
5 characters
Speed ​​of execution:
0.01 sec.
Commission:
Only when trading CFD stocks
Interest rate:
7 % per year
Phone trading:
Yes
Trading platforms: NetTradeX
Minimum Deposit : 1 $
Deposit currency :
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
Trading instruments:
Forex1:400
CFD's1:400
Amount of assets : 500
  • Promotions
  • Futures
  • Indices
  • Products
Metals1:400
  • Gold
  • Silver
Energy sources1:400
  • Oil
  • Gas
Stop Out:
10 %
Minimum position size:
0.001 лотов
Maximum position size:
1 лотов
Max. number of orders:
Execution type:
Instant Execution
Swap Free:
Yes
VIP Account:
Yes
Spread type:
Fixed
Decimal places:
5 characters
Speed ​​of execution:
0.01 sec.
Commission:
Only when trading CFD stocks
Interest rate:
7 % per year
Phone trading:
Yes
Trading platforms: MetaTrader 4, Meta Trader 4 Mobile
Minimum Deposit : 1000 $
Deposit currency :
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
Trading instruments:
Forex1:200
CFD's1:200
Amount of assets : 500
  • Promotions
  • Futures
  • Indices
  • Products
Metals1:200
  • Gold
  • Silver
Energy sources1:200
  • Oil
  • Gas
Stop Out:
10 %
Minimum position size:
0.1 лотов
Maximum position size:
No limit лотов
Max. number of orders:
Execution type:
Instant Execution
Swap Free:
Yes
VIP Account:
Yes
Spread type:
Fixed
Decimal places:
5 characters
Speed ​​of execution:
0.01 sec.
Commission:
Only when trading CFD stocks
Interest rate:
7 % per year
Phone trading:
Yes
Trading platforms: MetaTrader 4
Minimum Deposit : 1 $
Deposit currency :
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
Trading instruments:
Forex1:400
CFD's1:400
Metals1:400
  • Gold
  • Silver
Energy sources1:400
  • Oil
  • Gas
Stop Out:
10 %
Minimum position size:
0.01 лотов
Maximum position size:
1 лотов
Max. number of orders:
Execution type:
Instant Execution
Swap Free:
Yes
VIP Account:
Yes
Spread type:
Fixed
Decimal places:
5 characters
Speed ​​of execution:
0.01 sec.
Commission:
Only when trading CFD stocks
Phone trading:
Yes
Trading platforms: MetaTrader 5
Deposit currency :
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
Trading instruments:
Forex1:400
CFD's1:40
Metals1:40
Energy sources1:40
Execution type:
Market Execution
Swap Free:
No
VIP Account:
No
Spread type:
Floating
Decimal places:
4 characters
Phone trading:
No

Monitoring of IFC Markets's Standard account

IFC Markets spreads All spreads IFC Markets

Enable data feed
EUR/USDGBP/USDUSD/CHFUSD/CADUSD/JPYAUD/USDNZD/USDEUR/AUD
Live spread

N/AN/AN/AN/AN/AN/AN/AN/A
Average spread
for the past
30 days
Average spreadInterval:
N/AN/AN/AN/AN/AN/AN/AN/A

IFC Markets quotes All quotes IFC Markets

Enable data feed
EUR/USDGBP/USDUSD/CHFUSD/CADUSD/JPYAUD/USDNZD/USDEUR/AUD
Ask
N/AN/AN/AN/AN/AN/AN/AN/A
Offers
N/AN/AN/AN/AN/AN/AN/AN/A

IFC Markets swaps All swaps IFC Markets

EUR/USDGBP/USDUSD/CHFUSD/CADUSD/JPYAUD/USDNZD/USDEUR/AUD
Long
-7.1-5.82.6-1.40.2-1-0.9-11
Short
1.4-0.6-7.4-6-6.4-2.9-2.93.5

Contacts of IFC Markets

Headquarters
Cyprus , Limassol84 Spyrou Kyprianou Avenue
show on the map

Recent customer reviews of IFC Markets

Dmitriy Lukashouv 09 February 2023

Advantages: good trading conditions

Disadvantages: haven't seen any yet

Comment: I am new to trading, this is my first broker, before opening an account, I found a lot of positive feedback about them. they provide good conditions, let's hope I can earn some money

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William Goodwin 27 January 2023

Advantages: Allows a variety of trading strategies, great technical analysis, no hidden fees

Disadvantages: None

Comment: It's a great broker to work with if you already have some experience, and it provides you with all the necessary tools. There are no hidden fees, and compared to other brokers that I've worked with, it's a great advantage. Also, it allows a variety of trading strategies, so if you're interested in scalping, for instance, you won't have any issues with that. So it's actually worth working with.

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Trady FX 05 October 2022

Advantages: PCI instrument + autochartist

Disadvantages: null

Comment: awesome broker with lots advantages like PCI instruments, as well as the ability to use the autochartist advisor if you are their client, support service is managed in many languages, so you can find the one convenient for u.

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Trady FX 16 December 2022

Yeah they are quite experienced

Comment
Add a COMMENT

Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.