IFC Markets Review 2020

IFC Markets Summary

IFC Markets is a global Forex broker that has been operating since 2006, with a headquarters in the Virgin Islands. Currently, IFC Markets is being traded by 165,000+ traders in 80 different countries, in 18 different languages around the world.     

This IFC Markets review will give you an in-depth insight into this Forex trading broker and its features. You will be able to weigh the advantages and drawbacks of this Forex broker and evaluate all of its options.

IFC Markets is part of the IFC Markets Group, along with NetTradeX Ltd. who is a software developer. This Forex broker provides the option of trading with 600 different financial instruments, and three different trading platforms. The IFC Markets Group is regulated by several different financial regulators and jurisdictions, making it a Forex trading broker for both European and international clients. IFC Markets offers two different trading accounts: Standard Account and Beginner Account, which both have fixed spreads and instant execution.

IFC Markets Main Features
🛍️Established in:
2006
🛍️Headquarters:
Virgin Islands
⚖️Regulations:
BVI; CySEC; LFSA
⚖️Country of regulation:
Cyprus
đź’°Minimum Deposit:
$1
🎮Platforms:
MT4; MT5; NetTradeX
🎮Demo Account Available:
Yes
đź’±Leverage:
Up to 1:400
đź’°Withdrawal fee amount:
$30
đź’°Inactivity Fee:
Yes

Background

IFC Markets is a Forex broker that has been catering to traders since 2006, starting out as a website with only five languages and a handful of countries. In 2008, IFC Markets became one of the few Forex brokers that provide trading continuous CFDs on commodities and indices.  Four years later, in 2012, IFC Markets created a subsidiary with European regulation by CySEC and in 2014, IFC Markets established an option to create your own instruments, which led this Forex broker to skyrocket its profits.

Pros

  • Regulated by the British Virgin Islands Financial Services Commission (BVI)
  • Regulated by the Cyprus Securities and Exchange Commission (CySEC)
  • Regulated by the Labuan Financial Services Authority (LFSA)
  • Fixed spreads
  • Different trading platforms available
  • Customer support available for 24\7
  • Wide range of financial instruments
  • Provides negative balance protection and investor protection
  • Offers Demo Account
  • Selection of different client educational resources

Cons

  • Deposit fees are required
  • Inactivity fees are required
  • Withdrawal fees are required
  • Slow process of withdrawal
  • High non-trading fees

Safety & Regulation

IFC Markets is currently regulated by three of the best financial regulators in the world, who have the strictest policies and value transparency in their processes. IFC Markets is regulated by the British Virgin Islands Financial Services Commission (BVI), the Cyprus Securities and Exchange Commission (CySEC), and the Labuan Financial Services Authority (LFSA).

This IFC Markets offers you the different forms of protection and safety measures that IFC Markets are taking to keep client funds and information safe.

Is IFC Markets Safe?

IFC Markets offers clients with negative balance protection and investor protection to prevent financial liability to the client, in the case that they reach a negative balance. This Forex trading broker stores the funds of active traders in segregated accounts away from corporate funds, and must conduct regular audit reports to ensure transparency and compliance to the financial regulations.

Pros

  • Regulated by the British Virgin Islands Financial Services Commission (BVI)
  • Regulated by the Cyprus Securities and Exchange Commission (CySEC)
  • Regulated by the Labuan Financial Services Authority (LFSA)
  • Available for both international and European clients
  • Offers negative balance protection and investor protection
  • Stores client funds in segregated accounts
  • Conduct regular audit reports
  • Publicly traded entity

Cons

  • Does not provide services to clients in the US, Japan, and Russia

Regulation

IFC Markets is regulated by the British Virgin Islands Financial Services Commission (BVI), the Cyprus Securities and Exchange Commission (CySEC), and the Labuan Financial Services Authority (LFSA). This makes it compliant to the jurisdictions that apply to both European and international clients. IFC Markets is currently in compliance with the three different financial regulators, and has been operating since 2006.

Protection

IFC Markets stores client funds in segregated accounts away from corporate funds, in order to avoid any fraudulent misconduct. Additionally, per regulations, IFC Markets have to conduct regular audit reports to ensure that it abides by the regulations and offer transparency on its transactions.

Awards

IFC Markets received two different awards in 2020, from two different business magazines. The first award that IFC Markets received was the title of the Most International Forex Broker of 2020 by AtoZ Markets Forex Magazine. As for the second title that IFC Markets was awarded is the Best Forex Broker of Southeast Asia of 2020, by the International Business Magazine.

IFC Markets Fees

IFC Markets offers active traders with low trading fees and fixed spreads. However, the non-trading fees of IFC Markets are considered very high, which is something you should consider. Deposit fees and withdrawal fees are required, while on the other hand, the Beginner Account does not charge a commission.

This IFC Markets review will identify the different fees that are charged and inform you of any extreme fees that you should be made aware of.

Trading Fees

IFC Markets provides two different trading accounts: the Standard Account and the Beginner Account. Both trading accounts give you the option of Fixed or Floating spreads, which influences your trades. The Standard Account of fixed spreads start from 1.8 pips, and floating spreads start from 0.4 pips. As for the Beginner Account of fixed spreads start from 1.8 pips, and floating spreads start from 0.4 pips.

Pros

  • No commissions on Standard account
  • Fixed spreads available
  • Low trading fees
  • Leverage up to 1:400

Cons

  • High non-trading fees
  • Deposit and withdrawal fees charged

Non-Trading Fees

The drawback of IFC Markets is the non-trading fees that you are charged with for non-trading transactions. You will be required to pay a deposit fee, a withdrawal fee, and an inactivity fee. The deposit and withdrawal fee is approximately 30USD, which is considered high non-trading fees compared to other Forex trading brokers.

Leverage

With IFC Markets, you have two types of trading accounts: the Standard Account and the Beginner Account. However, when you choose a trading account, you have to specify the type of spreads you prefer to trade with. For the Beginner Account, with Floating or Fixed spreads, the maximum leverage level reaches up to 1:400. With the Standard Account, with Floating or Fixed spreads, the maximum leverage level reaches up to 1:200.

Deposit Fees and Withdrawal Fees
Deposit Fees 30USD – 50USD
Withdrawal Fees 30USD

IFC Markets Fees Compared To Competitors
  IFC Markets  Exness XM
Account Fee No No No
Inactivity Fee Yes No Yes
Deposit Fee 30USD – 50USD 0USD 0USD
Withdrawal Fee 30USD 0USD 0USD

Account Opening

IFC Markets offers two different trading types: the Standard Account and the Beginner Account. The Beginner Account is more suitable for traders who have little to no experience in trading. On the other hand, the Standard Account is better for advanced traders who have experience in trading.

This IFC Markets review will demonstrate on a step-by-step guide on how to open a live account with IFC Markets.

Minimum Deposit

IFC Markets provides two different types of trading accounts: the Standard Account and the Beginner Account. The Beginner Account requires a minimum deposit of 1USD or its currency equivalent, while the Standard Account requires a minimum deposit of 1,000USD or its currency equivalent. For algorithm traders and experienced traders, the Standard Account is better suited.

Pros

  • Fast account opening process
  • Digital process
  • Different types of accounts depending on trader experience
  • Floating and fixed spreads are both available
  • Low minimum deposit for Beginner Account
  • Cryptocurrency as base currency available

Cons

  • High minimum deposit for Standard Account
  • Commission charged on CFD instruments

Beginner Account

The Beginner Account for IFC Markets is a trading account that is best suited for novice traders who have little to no experience in trading. You will be able to choose with the Beginner Account whether you prefer fixed or floating spreads. Floating spreads start from 0.4 pips, while fixed spreads start from 1.8 pips in the Beginner Account. You are required to pay a minimum deposit of 1USD, or its currency equivalency in EUR, JPY, or uBTC. The maximum leverage level can reach up to 1:400, while the maximum equity is 5,000USD. Additionally, the Beginner Account accepts hedging and netting, along with the option of live newsfeed on the current events of the trading world.

Standard Account

The Standard Account for IFC Markets is a trading account tailor made for traders with experience and advanced trading knowledge. Similar to the Beginner Account, you will be able to choose fixed spreads or floating spreads with the Standard Account. The floating spreads start from 0.4 pips, while the fixed spreads start from 1.8 pips. You will be required to pay a minimum deposit amount of 1,000USD or its currency equivalent. The maximum leverage level can reach up to 1:200, and there is no maximum equity.  Hedging and netting are also allowed in the Standard Account, with the live newsfeed updated every time there is an event taking place.

How To Open an IFC Markets Trading Account

Step One: Fill in your personal information in the online application.

IFC Markets Step 1

Step One: Fill in your personal information in the online application.

Step Two: Go to your email and click on the confirmation link of IFC Markets.

IFC Markets Step 2

Step Two: Go to your email and click on the confirmation link of IFC Markets.

Step Three: Login with your username and password, then set-up your trading account.

IFC Markets Step 3

Login with your username and password, then set-up your trading account.

Deposit & Withdrawal

IFC Markets do not provide so many advantages in the deposits and withdrawals aspects. You will be required to pay a deposit and withdrawal fee for every time you put funds into or take funds out of your trading account. With IFC Markets, you can choose among four different currencies and a wide range of payment methods.

This IFC Markets review will let you know the different payment methods available and the selection of currencies you can use for your trading account.

Account Base Currencies

With IFC Markets, there are four account base currencies that are available to you. The account base currencies are: USD, EUR, JPY, and uBTC; the uBTC is better known as the Microbit or United BitCoin.

USD EUR JPY uBTC

Deposits

With IFC Markets, you can choose to deposit funds into your trading account via debit\credit card, electronic wallet, and bank transfer. You will be able to request and process your deposits into your trading account in the span of 24 hours, or one business day. However, you will need to consider the high deposit fee that is required of you to pay for every deposit you make into your trading account. The deposit fee is approximately 30USD, which is significantly high compared to other Forex brokers.

Pros

  • Different deposit methods
  • Selection of account base currencies
  • Fast deposit process

Cons

  • Deposit fee required

IFC Markets Deposit Options

  • Debit\Credit Card
  • Bank Transfer
  • Electronic Wallet

Withdrawals

Withdrawals with IFC Markets take approximately 1-3 business days for the withdrawal request to process and approved. You can choose from the aforementioned account base currencies on your preferred currency to use on your trading account. Additionally, you can choose how to fund and withdraw money from your trading account, by: debit\credit card, electronic wallet, and bank transfer. However, you will have to consider the withdrawal fee that is charged for every time you request a withdrawal; the withdrawal fee is 30USD per transaction.

Pros

  • Selection of account base currencies
  • Different withdrawal methods
  • Cryptocurrency as an account base currency available

Cons

  • Withdrawal fee required
  • Slow withdrawal process

IFC Markets Withdrawal Options

  • Electronic Wallet
  • Debit\Credit Card
  • Bank Transfer

Trading Platforms

IFC Markets offers three different types of trading platforms: MetaTrader4, MetaTrader5, and NetTradeX. All three trading platforms are available as web trading platforms, desktop trading platforms, and mobile applications.

MetaTrader4 and MetaTrader5 are the two most common trading platforms used by traders all over the world, the former is for novice traders while the latter is suited for expert traders. On the other hand, NetTradeX is an in-house software developed by

IFC Markets. This IFC Markets review will use NetTradeX as a model on analyzing the features available for active traders on IFC Markets.

  • MetaTrader4
  • MetaTrader5
  • NetTradeX

Web Trading Platform

With IFC Markets, you have the option of displaying several financial instruments that you are trading, simultaneously. You will have access to your performance history and previous transaction, allowing you to stay updated on your actions. As an active trader, you will be able to activate Trailing Stop orders, even when you are offline. You will have a live newsfeed that is constantly updated as you trade, and you can even activate notifications on price alerts of your choosing.

On the other hand, you will not find that the web trading platform provides you with an authentication process, or a two-step login process. You will need to rely on the initial login process to be able to enter your trading account.

Pros

  • Available on all operating systems
  • Does not require more than 50MB of space
  • Easy to navigate and access orders
  • Video tutorials are available for educational purposes
  • Live news is available and updated
  • Notifications and price alerts are available
  • Able to work offline

Cons

  • No two-step authentication process

Desktop Trading Platform

The IFC Markets desktop trading platform is similar to the web trading platform, with the only difference that the desktop platform is downloadable. You will also be able to display multiple financial instruments during a trading session, without minimizing each window. As an active trader, you will be able to view your performance history and your old transactions. You can input price alerts and notifications in the form of push notifications on your desktop. Additionally, you will receive live newsfeeds with the same concept, as a push notification. You will be able to activate Trailing Stop orders while offline, and your trading session can continue while you are offline, as well.

Similar to the web trading platform, the desktop trading platform does not allow an authentication process and you will need to use your first login process as the only form of identification.

Pros

  • Downloadable on all operating systems
  • Does not require more than 50MB of space
  • Easy to navigate and access orders
  • Video tutorials are available for educational purposes
  • Live news is available and updated
  • Notifications and price alerts are available
  • Able to work offline

Cons

  • No two-step authentication process

Mobile Trading Platform

The IFC Markets mobile trading platform is more suitable for traders who prefer trading without being stuck in one place. For those who like to trade on the go, then the IFC Markets NetTradeX mobile application is the best option for you. You will be able to download this mobile trading platform on all operating systems, and you will not need more than 50MB of space. Additionally, you will be able to get price alerts on whatever price movements that take place in the form of application notifications. The news feed is constantly updated and it also appears as notifications. You can also be able to work offline and keep your trading positions open.

However, you will not be able to use your fingerprint and facial recognition as a form of authentication.

Pros

  • Available on all mobile operating systems
  • Does not require more than 50MB of space
  • Easy to navigate and access orders
  • Video tutorials are available for educational purposes
  • Live news is available and updated
  • Notifications and price alerts are available
  • Able to work offline

Cons

  • No two-step authentication process
  • No fingerprint or facial recognition

Markets & Financial Instruments

IFC Markets provides the option of allowing traders to access 8 different asset classes, with over 600 financial instruments. Additionally, you will be able to create your own financial instruments that you can trade, along with synthetic instruments that is created by IFC Markets analysts.

This IFC Markets review will inform you on the different asset classes and financial instruments available for traders to use.

What IFC Markets Offers
Currency Pairs Precious Metals
Commodities CFDs Index CFDs
Stock CFDs Gold Instruments

Pros

  • Provides 8 different asset classes
  • Provides 600+ financial instruments
  • Ability to create your own financial instruments
  • Ability to trade multiple financial instruments simultaneously
  • Provides cryptocurrencies

Cons

  • None

IFC Markets provides eight different asset classes that consists of more than 600 financial instruments. These asset classes and financial instruments allow you to trade multiple instruments simultaneously. Additionally, you will be able to create your own financial instruments and trade with them. You will also find that there are synthetic instruments that are created by the analyst team of IFC Markets, which is also available for you to trade with.

Markets Research & Trading Tools

IFC Markets offers a variety of market research and trading tools for clients, to be able to enhance their trading knowledge and trading strategies. The trading tools available provide models and convertors that will make your trading strategies more accurate, while the market research will give you an extensive background on the current situation of the trading world.

This IFC Markets review will inform you on the different forms of trading tools and market research, along with its best features.

Trading Tools

There are several types of trading tools with IFC Markets, all used to improve your trading strategies and make your strategies more accurate. You will find most of the trading tools are calculators and convertors to get the right calculations for your trades.

IFC Markets Tools
Trade Execution Model Margin Calculator
Profit\Loss Calculator Currency Converter
Percentage Interest on Free Margin Stock Trading Information
Program Trading  

Pros

  • Variety of trade execution models
  • Margin Calculator available for MT4, MT5 and NetTradeX
  • Live exchange rates available for Profit\Loss Calculator
  • Easy to navigate with Currency Convertor
  • Expert Advisors available with Program Trading

Cons

  • None

The IFC Markets trading tools are very beneficial for traders who make inaccurate trades or who want to improve their skills in trading. The Trade Execution Model is prototypes of trading strategies, or trading templates, that allow you to use IFC Markets’ trading strategy as your own. As for the Margin Calculator and the Profit\Loss Calculator, you can use both of these tools for the MT4, MT5, and NetTradeX platform. Stock Trading Information is a section on IFC Markets that provide regular reports on stocks, such as monthly commissions and dividends, earnings calendar, and other things.

Market Research

IFC Markets offers different kinds of market research material that will allow you to stay up to date and not miss out on the different news of the trading world. Most of the research materials are updated on a daily basis, except for the Video Overview, which is updated weekly.

Pros

  • Live charts on Market Data
  • Video overview is updated weekly
  • Easy to navigate through Technical Analysis
  • Accurate results from Market Movers
  • Customizable filters for the economic calendar

Cons

  • None

There are different types of market research, but most of them are to keep you updated. The economic calendar updates you on the fluctuations of all currencies around the world and any trading event that might take place in the trading world. You will also be able to calculate who the movers of whichever financial market you choose are, via the Market Movers research material. Additionally, you will be getting live updates that take place on the spot with Market Data, which provides market information as you trade.

Customer Service

The IFC Markets customer service support is a feature that has helped many traders improves their trading strategies and overall trading experience. The customer service is available 24\7, through different means of communication.

This IFC Markets review will inform you on the different means of communication and how to reach out to the customer service support of IFC Markets.

The customer service of IFC Markets is available 24 hours a day, and 7 days a week. You can reach them via email, phone, social media, and the live chat available in the IFC Markets website. You will find that that there are 18 different languages available for you to choose from, including but not limited to: English, Spanish, Arabic, and Hindi. There are several means of communicating that are slow to reach the client, such as the email and postal service support.

Pros

  • 24/7 available
  • Different means of communication
  • Available in 18 different languages
  • Accommodating staff
  • Relevant answers
  • Fast response time

Cons

  • Postal service is slow

Means Of Communication

  • Live Chat
  • Whatsapp
  • Skype
  • Email Support
  • Phone Support
  • Postal Service
  • Messenger
  • Telegram

The IFC Markets customer service is very influential to the client’s overall trading experience. According to customer feedback, the IFC Markets staffs are accommodating and respond with the relevant answers to your inquiries. You will find that the staff provide for you a step-by-step guide on all of your questions, with patience and transparency throughout the whole process.

Client Education

IFC Markets provides different types of educational materials, which is beneficial for traders with all levels of experience. There are written materials, visual materials, and simulation of the trading platform.  

This IFC Markets review will demonstrate with a step-by-step guide on how you can open your own Demo Account with IFC Markets.

Client Education Resources

  • Video Tutorials
  • Forex and CFD Trading Books
  • Trader’s Glossary
  • IFC Markets Educational Center
  • Forex Trading Education Guide

IFC Markets offers more than four different educational materials for traders, in several forms. You can watch video tutorials as a how-to guide for the trading platform you are using. IFC Markets offers books and guides on Forex trading and articles about how to create the best trading strategy. Additionally, you can also use the Trader’s Glossary, which consists of definitions of trading terminology that you might need to refresh your memory with.

Finally, the Demo Account is available for unlimited use and it is free of charge. You can use the Demo Account to test the platform and understand the way IFC Markets works, without facing any financial exposure.

How To Open a Demo Account

Step One: Fill in your personal information in the online application.

IFC Markets Demo Step 1

Step One: Fill in your personal information in the online application.

Step Two: Open your email and click on the confirmation link to set up your profile.

IFC Markets Demo Step 2

Step Two: Open your email and click on the confirmation link to set up your profile.

Conclusion

IFC Markets is a Forex broker that has been operating since 2006. It is regulated by three of the best financial regulators in the world, who have the strictest policies and value transparency in their processes. IFC Markets is regulated by the British Virgin Islands Financial Services Commission (BVI), the Cyprus Securities and Exchange Commission (CySEC), and the Labuan Financial Services Authority (LFSA).

IFC Markets provides two different trading accounts: the Standard Account and the Beginner Account. Along with the two different trading accounts, you will be able to trade on three different trading platforms: MT4, MT5, and NetTradeX. NetTradeX is an in-house trading platform that was created by IFC Markets. Additionally, you will be able to trade in 8 different asset classes and 600+ different financial instruments.

Overall, IFC Markets is a trustworthy broker that values safety and transparency in its transactions. Despite the fact that IFC Markets is an expensive Forex broker that requires many funds, it is worth the money to invest in a Forex broker that will take care of its clients.

IFC Markets
$1
Min. Deposit
100%
Bonus
Regulated byBVI, CySEC, LFSA
Leverage1:400
Customer Support24/5
Open Account

IFC Markets Overall Performance

  • Safety and Regulation 98% 98%
  • Deposit and Withdrawal 98% 98%
  • Market Research & Trading Tools 97% 97%
  • Broker Fees 98% 98%
  • Trading Platforms 97% 97%
  • Customer Service 99% 99%
  • Account Opening 98% 98%
  • Market & Financial Instruments 97% 97%
  • Client Education 99% 99%

Frequently Asked Questions

Is IFC Markets A Good Broker?

IFC Markets is part of the IFC Markets Group, along with NetTradeX Ltd. who is a software developer. This Forex broker provides the option of trading with 600 different financial instruments, and three different trading platforms. The IFC Markets Group is regulated by several different financial regulators and jurisdictions, making it a Forex trading broker for both European and international clients. IFC Markets offers two different trading accounts: Standard Account and Beginner Account, which both have fixed spreads and instant execution.

Is IFC Markets Legit?

IFC Markets is currently regulated by three of the best financial regulators in the world, who have the strictest policies and value transparency in their processes. IFC Markets is regulated by the British Virgin Islands Financial Services Commission (BVI), the Cyprus Securities and Exchange Commission (CySEC), and the Labuan Financial Services Authority (LFSA).

How Long Do IFC Markets Withdrawals Take?

IFC Markets withdrawals take from approximately 1-3 business days.

What Is The Minimum Deposit For IFC Markets?

The minimum deposit for IFC Markets Standard Account is 1,000USD, while the Beginner Account requires a minimum deposit of 1USD.

Is IFC Markets Regulated?

IFC Markets is regulated by the British Virgin Islands Financial Services Commission (BVI), the Cyprus Securities and Exchange Commission (CySEC), and the Labuan Financial Services Authority (LFSA). This makes it compliant to the jurisdictions that apply to both European and international clients. IFC Markets is currently in compliance with the three different financial regulators, and has been operating since 2006.

Is IFC Markets An ECN Broker?

No, IFC Markets is not an ECN Broker. IFC Markets is an STP broker.

Is IFC Markets Safe?

IFC Markets offers clients with negative balance protection and investor protection to prevent financial liability to the client, in the case that they reach a negative balance. This Forex trading broker stores the funds of active traders in segregated accounts away from corporate funds, and must conduct regular audit reports to ensure transparency and compliance to the financial regulations.