8 /10
Overall Rating

IFC Markets Review

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Read this IFC Markets broker review before opening your account. Is this a Scam or Reliable Forex Broker? Find out more with AtoZ Markets Forex broker review of IFC Markets. 

IFC Markets is an online retail broker that mainly Forex, commodities and CFD trading. Moreover, the unique feature of the company is NetTradeX which is a next-level trading platform. 

We have carried out an extensive review of this company and found it legit and recommendable. The Broker is famous for its essential bullion trading service and some other unique trading features. Therefore, they provide a great variety of markets and products.

Overview

Company
8 /10
Trust
7 /10
Trading Platform
9 /10
Account Types
8 /10
Cyptocurrency
7 /10
Costs
7 /10
Customer Support
8 /10
Regulation
7 /10

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For the above mentioned, we stand on our toes checking all the ins and outs in a broker's business history, biography, and reputation. The very same standards apply in the case of this IFC Markets broker review. Please go through this article on how we conduct our broker reviews.

Company

8 /10

IFC Markets is a part of the IFCM group that has started its business operation in Cyprus since 2006. It has been providing its customers with financial instruments trading, using trading- analytical platforms NetTradeX, MetaTrader 4 and MetaTrader 5.

IFC Markets is one of the leading regulated brokers in CFD and Forex markets. The company has expanded the range of services provided and has been focused on the development and implementation of innovative approaches to trading.

IFC Markets has several unique features that make it separate from other brokers. One of the most important features of it is the unique opportunity that traders can create the Broker's new financial instruments (PCI) from the available assets. Additionally, In 2018, IFC Markets added Bitcoin futures trading to its extensive list of assets.

IFC Markets offers fixed and floating spreads to traders with an opportunity to choose the best corresponds to their trading strategy. Another significant feature of that Broker is that it offers up to 1:20 leverage for stocks.

Additionally, there are several partnership opportunities like Introducing Brokers and Media Partners that is a universal Partnership Program for active Internet users. Anyone who has a personal website, or blog site, can use the new opportunity for making an exciting passive income.

Pros & Cons

Pros

  • A vast amount of Educational Material
  • Variations in Trading Platforms
  • Regulated by BVI FSC
  • Leverage up to 1:400
  • Online webinars
  • Fixed and floating spread
  • Daily technical analysis
  • Market overview & recommendations for traders
  • No fixed minimum deposit on Micro Account

Cons

  • Customer support only available in weekdays
  • Withdraw fees through Neteller and Skrill.

Trust

7 /10

IFC MARKETS. CORP. holds professional indemnity for Financial Institutions Insurance in AIG Europe Limited. IFCMarkets Corp. is licensed by the BVI FSC with Certificate No. SIBA/L/14/1073

Traders' funds of this Broker are kept segregated from the company's own funds on a separate bank account that cannot be used by the company for any other purpose except for providing margin for trading in financial markets.

Trading Platform

9 /10

NetTradeX

This trading platform has been developed by IFC Markets that has several advantages that make it unique among other trading platforms. NetTradeX trading platform allows investors to open positions of any volume. Moreover, it has various charts and technical analysis tools that will help traders to analyze the market easily. It creates a limitless financial instrument through the PCI technology with that traders can create their expert advisors through simple programming language NTL+.

MetaTrader 4

MetaTrader 4 is the most popular trading platform among traders, and almost trader in the world is familiar with it for the impressive features of MT4. By using MetaTrader 4 trading platform investors and traders can use program trading that allows developing own indicators.

In MetaTrader 4, traders can use instant market orders with multiple timeframes. Additionally, there are more than 50 built-in indicators to make proper decisions. However, traders can use their custom indicators as well.

MetaTrader 5

This trading platform is ideal for advanced traders as it has four types of pending orders and two types of stop orders.

The MetaTrader 5 trading platform offers more advanced chart time frames with a built-in economic calendar that can help traders to build an appropriate trading decision. Like MT4, MetaTrader 5 is also user-friendly in terms of market analysis through charts. It has more features and lots of built-in indicators to make appropriate trading decisions.

In Addition to that, both trading platforms are available on Windows, Mac OS, as well as on mobile devices running with operating systems iOS, Android. Users can download the apps from the Play Store or Google Play for free.

Account Types

8 /10

IFC Markets offers the following types of Real trading accounts per trading platform:

NetTradeX - Beginner-Fixed, Standard-Fixed, Beginner-Floating, Standard-Floating accounts;
MetaTrader 4 - Micro-Fixed and Standard-Fixed accounts;
MetaTrader 5 – Micro-Floating and Standard-Floating accounts.

  • The required deposit amount for Beginner or Micro account is very small. Traders can start their trading activities with $1 to $5000 amount. The maximum leverage for these account types is 1:400.
  • To open a Standard account on NetTradeX or MetaTrader 4 traders require an initial deposit of $1000 Only. The leverage offered for this account is up to 1:200. However, traders can open accounts in USD, EUR or JPY.
  • When the equity of the Beginner or Micro account exceeds the maximum allowed amount of $5000, the operation of new positions will be automatically suspended for that account type. To continue trading, the trader should change the account type to Standard.

Moreover, a demo account is available for all types of platforms, while clients from the Islamic religion can open Islamic Trading Accounts with no calculation of swap for the account.

Cryptocurrency

7 /10

This Broker provides CFD on the futures for Bitcoin. Spread for crypto trading is 50 pips and the order distance is 100 pips. Additionally, the margin requirement for BTC trading is 50%.

Costs

7 /10

Minimum fixed spread for this Broker started from 1.8 pips where minimum floating spread started from 0.4 pips. Additionally, stop out level for all brokers is 10%. There is no other commissions or charges for Currency trading. However commission is chargeable for stock CFDs only. 

Deposit through Neteller, Credit Card, Bitcoin and Skrill are free while withdraw from Neteller takes 2% commission and for Skrill it is 1%.

Customer Support

8 /10

IFC Markets has highly-qualified customer support in almost 18 languages. Traders can contact with IFC Markets through email, Live Chat, Call Back request, Skype, Phone, WhatsApp, Telegram, Messenger, Viber, Trading desk. However, Customer support is available 24/5.

Additionally, the FAQ section is divided into four sections that provide many customer requirements. However, any question that is not listed here can be directed to the support representatives with the above-mentioned contact methods.

Regulation

7 /10

IFC Markets provide customers with an opportunity to perform trading from different regions of the world. This Broker has strong regulations that make it trusted by traders from all around the world. The regulation information of this Broker mentioned below.

  • IFCMARKETS. CORP. is incorporated in the British Virgin Islands (BVI) under the registration number 669838.
  • IFCMARKETS. CORP. is licensed by the British Virgin Islands Financial Services Commission (BVI FSC), Certificate No. SIBA/L/14/1073
  • NetTradeX Corp. is a developer of advanced software for trading in financial markets is registered in Seychelles under the registration number 022316.

Conclusion

The IFC Markets website is one of the busiest sites with many activities of traders. They provide Education as a major concern with the list of material available for the advanced level traders. The choice of trading accounts is small, but it covers all types of investors. All in all, this Broker offers everything a trader needs to trade in a user-friendly environment.

Reviewed By

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  1. Adam says:

    Thanks for a nice and detailed review of IFC Markets! You did a great job!
    I’d like to add that I started trading at IFC markets 2 years ago, the conditions offered have improved significantly, they are reliable, the support service is extremely professional. As for the instruments, there are more than 600 of them.
    Highly recommended!

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