IFC Markets
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| Popularity |  |
| Leverage | Up to 1:400 |
| Minimum Deposit | $1 |
| Regulation | CySEC, BVI FSC |
| Payment Methods | Bank Wire, Visa/MasterCard, Skrill, Neteller |
| Trading Assets | Forex, Stocks, Indices, Commodities, Cryptocurrencies |
| MT4 | ✅ |
| MT5 | ✅ |
| Spreads | Low |
| Average cost: EUR/USD | 1.2 pips |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| MAM | ❌ |
| PAMM | ❌ |
| CopyTrading | ✅ |
| ZuluTrade | ❌ |
| Scalping | Yes |
| Signals | ✅ |
| EAs/Robots | Available |
| Negative Balance Protection | Yes |
| Deposit Fee | ❌ |
| Withdrawal Fee | ❌ |
| Inactivity Fee | Yes, after 1 year |
| Year Established | 2006 |
| Address | Corner of Agiou Andreou & Venizelou Streets, Vashiotis Agiou Andreou Building, Second Floor, P.O.Box 54216, Limassol, Cyprus |
| Contact Information | Email: [email protected], Phone: +357 25 281 576 |
| Mobile Trading APP | Not Available |
| Rating | ★★★★☆ |
| Website |
Pros and Cons
- Wide range of trading assets including cryptocurrencies
- Competitive spreads and no commission on deposits and withdrawals
- Regulated by CySEC and BVI FSC, ensuring reliability
- Availability of both MT4 and MT5 platforms
- Negative balance protection for clients
- Lack of PAMM and MAM accounts may limit options for professional traders
- Inactivity fee charged after 1 year of no trading activity
- Mobile trading app is not available, limiting on-the-go trading
- No support for ZuluTrade, which might be a drawback for followers of this trading strategy
- Limited educational resources for beginners
Introduction
IFC Markets is a prominent online brokerage firm that has been offering a wide range of financial services to global traders since its inception in 2006.
With a commitment to providing access to various financial markets, including Forex, stocks, indices, commodities, and cryptocurrencies, it caters to both novice and experienced traders.
This review aims to delve into the various aspects of trading with IFC Markets, evaluating its platform, trading tools, customer support, and overall trading experience.
Open a free accountKey Features
- Regulation and Safety: IFC Markets is regulated by several financial authorities, ensuring a secure trading environment.
- Trading Platforms: Offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary platform, NetTradeX.
- Assets Available: A diverse range of trading instruments across different markets.
- Educational Resources: Comprehensive learning materials for traders at all levels.
- Customer Support: 24/5 customer support available through multiple channels.
Regulation and Safety
Regulatory Bodies
IFC Markets is regulated by the British Virgin Islands Financial Services Commission (BVI FSC) and the Cyprus Securities and Exchange Commission (CySEC), which are reputable regulatory bodies in the financial industry.
These regulations ensure that the broker adheres to strict financial standards and operates with transparency and integrity.
Safety Measures
- Client Fund Segregation: Client funds are held in segregated accounts, separate from the company’s funds.
- Negative Balance Protection: Offers protection against negative balances, safeguarding traders from owing more than their account balance.
- SSL Encryption: The website and trading platforms use SSL encryption to secure data transmission.
Trading Platforms
The company provides access to three trading platforms: MetaTrader 4, MetaTrader 5, and its own proprietary platform, NetTradeX.
Each platform caters to different trader needs, from beginners to professionals.
MetaTrader 4 (MT4)
- User-Friendly Interface: Known for its ease of use and flexibility.
- Analytical Tools: Comes with advanced charting tools, technical indicators, and expert advisors (EAs) for automated trading.
- Compatibility: Available on desktop, web, and mobile devices.
MetaTrader 5 (MT5)
- Multi-Asset Trading: Supports trading of stocks, Forex, and futures.
- Advanced Trading Systems: Includes more technical indicators, graphical objects, and timeframes than MT4.
- Economic Calendar: Integrated within the platform to keep traders updated on financial events.
NetTradeX
- Advanced Features: Offers unique features like Personal Composite Instruments (PCI), allowing traders to create their own instruments.
- Professional Tools: Equipped with advanced analytical tools, including technical analysis, graphical objects, and the ability to view the full history of financial instruments.
- Customization: Highly customizable interface and workspace to suit individual trading styles.
Trading Instruments
IFC Markets offers an impressive range of trading instruments, making it a one-stop-shop for traders looking to diversify their portfolios.
|
Market |
Instruments |
|
Forex |
Major, minor, and exotic currency pairs |
|
Stocks |
Shares from leading global companies |
|
Indices |
Major world indices |
|
Commodities |
Metals, energy, and agricultural products |
|
Cryptocurrencies |
Bitcoin, Ethereum, Litecoin, and others |
Account Types
IFC Markets has tailored its account offerings to cater to a broad spectrum of traders, from beginners to professionals.
Each account type comes with its set of features designed to meet different trading strategies and preferences.
Standard Account
- Minimum Deposit: Relatively low, making it accessible for beginners.
- Spread: Competitive spreads starting from 1.8 pips.
- Leverage: Up to 1:400, providing traders with the flexibility to choose their risk level.
- Instruments: Access more than 2500 trading instruments.
Beginner Account
- Minimum Deposit: Very low, ideal for those new to trading.
- Spread: Fixed spreads, offering a predictable trading cost.
- Leverage: Limited leverage to minimize risk for new traders.
- Instruments: Limited selection of major instruments to simplify choices.
Demo Account
- Minimum Deposit: $0, a risk-free way to explore their offerings.
- Spread: Mimics real market conditions without any risk.
- Leverage: Adjustable to practice various trading strategies.
- Instruments: Access to all instruments, providing a comprehensive trading experience.
Spreads and Commissions
One of the most critical aspects for traders when picking a broker is the cost of trading, which includes spreads and any applicable commissions.
IFC Markets stands out for its competitive pricing structure:
- Forex Spreads: Start from as low as 1.8 pips for standard accounts, which is competitive in the industry.
- Commissions: No commissions on the majority of trades, with costs included in the spreads.
- Additional Fees: Transparent about any other fees, such as overnight swaps and inactivity fees, ensuring traders are not caught surprised.
Deposits and Withdrawals
IFC Markets provides its clients with plenty of deposit and withdrawal options, catering to the convenience of traders globally.
Deposit Methods
- Bank Wire Transfer
- Credit/Debit Cards: Visa, MasterCard
- E-Wallets: Skrill, Neteller
- No Deposit Fees: The broker does not charge any fees for deposits.
Withdrawal Methods
- Processing Time: Withdrawals are processed within 1-2 business days.
- Fees: Minimal fees for withdrawals, varying by method.
- Minimum Withdrawal Amount: Set at a reasonable level, allowing flexibility for traders.
Educational and Trading Resources
The company invests in its traders’ success by providing a comprehensive suite of educational and trading resources.
Educational Resources
- Trading Academy: Offers courses and webinars for traders of all levels.
- E-books and Articles: Cover a wide range of topics, from basic trading concepts to advanced strategies.
- Video Tutorials: Visual learning through step-by-step guides on using platforms and trading tools.
Trading Tools
- Economic Calendar: Keeps traders updated on market-moving events.
- Technical Analysis Tools: A wide range of indicators and charting tools available on MT4, MT5, and NetTradeX platforms.
- Market Analysis: Regular updates and analysis from their team of experts.
Customer Support
The quality of customer support can significantly impact the trading experience.
IFC Markets offers:
- Availability: 24/5 customer support via live chat, email, and phone.
- Languages: Support available in multiple languages, accommodating a global clientele.
- Responsiveness: Efficient and friendly service, with quick resolution of queries and issues.
Conclusion
IFC Markets has established itself as a reliable and reputable broker in the online trading community.
With its broad range of trading instruments, competitive spreads, and a selection of trading platforms, it caters to traders of all levels and preferences.
The broker’s commitment to transparency, regulation, and customer support further enhances its appeal.
Key Takeaways
- Regulated and Secure: Ensures a safe trading environment.
- Diverse Trading Options: Wide range of instruments across different markets.
- Competitive Costs: Low spreads and minimal non-trading fees.
- Rich Educational Resources: Supports trader education and skill development.
- Efficient Customer Support: Quick and helpful responses to trader inquiries.
IFC Markets offers a comprehensive trading solution that balances cost, convenience, and a wide range of services.
Whether you’re a beginner looking to enter the market or a seasoned trader seeking new opportunities, it provides the tools and resources necessary for a fruitful trading journey.
Visit official website: www.ifcmarkets.comUser Reviews
Video: Broker Order Types
Frequently Asked Questions (FAQ)
What payment methods does it accept?
IFC Markets accepts a variety of payment methods including Bank Wire, Visa/MasterCard, Skrill, and Neteller.
Is IFC Markets regulated?
Yes, it is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the British Virgin Islands Financial Services Commission (BVI FSC).
Can I trade cryptocurrencies?
Yes, IFC Markets offers trading on a range of cryptocurrencies alongside traditional assets like forex, stocks, and commodities.
Does it offer a demo account?
Yes, IFC Markets provides a demo account for beginners to practice trading without risking real money.
Are there any fees for deposits and withdrawals?
No, the broker does not charge any fees for deposits and withdrawals.
What platforms does it offer?
IFC Markets offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for trading.
Is there negative balance protection?
Yes, IFC Markets offers negative balance protection, ensuring clients cannot lose more than their account balance.
Resources
Our experts
This article has been written, edited and reviewed by the following members of our team:
Feng Zhou
Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.
Sandro Pontedra
Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.
Stephane Dubois
Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.
Last update: April 27, 2024