IFC Markets

IFC Markets Review: Is IFC Markets Broker Good?

Broker overview and general information

IFC Markets is a broker founded in 2006, initially offering its website in 5 languages: English, Russian, Arabic, Spanish and Farsi. The broker has continuously evolved and in 2008, it began offering CFD trading in addition to trading currencies on the Forex market, making IFC Markets one of the first companies to offer CFD trading. In 2023, the company was granted indemnity insurance by the Hamilton Group, a Lloyd's syndicate, in another important step to increase the confidence of its clients.

Broker Licensing and Regulation

If you ask if IFC Markets broker is good, you should start by considering the registration, license and supervision from the agency first, which has the following details:

• British Virgin Islands Financial Services Commission (BVI FSC) License No. SIBA/L/14/1073 under IFCMARKETS. CORP.

• Labuan Financial Services Authority (LFSA) License No. MB/20/0049 under IFC Markets Ltd.

Trading products and services

Trading products

The broker's supported trading products cover a wide range of financial markets to meet the needs of investors, as follows:

• Currency Pairs: Provides trading services for currency pairs in the Forex market, where investors can fully trade major currency pairs, minor currency pairs, and exotic currency pairs.

• Precious Metals: Investors can trade CFDs on precious metals such as gold and silver, which are popular assets used as a safe haven during volatile market conditions.

• Continuous Index CFDs: Stock indices from major markets around the world, where investors can trade indices continuously at any time without having to expire.

• Stock CFDs: Investors can trade CFDs on shares of leading global companies, allowing them to speculate on changes in share prices without actually owning the shares.

• Cryptocurrency CFDs: CFD trading services on popular cryptocurrencies such as Bitcoin, Ethereum and other cryptocurrencies so that investors can profit from the movements of the crypto market.

Trading Platform

• NetTradeX 

Broker platform designed to support all types of trading conditions. This platform supports all devices such as smartphones, PCs, laptops. Outstanding features in addition to MT4/MT5

• Two orders are linked by OCO mode and in case one order is executed, the other order is automatically deleted.

• Trailing Stop mode works on the server (even if the client terminal is closed).

• Ability to create personal composite tools for trading and charting

• MetaTrader 4

MetaTrader 4 (IFC mt4) is very popular among traders. The platform is available on PC, iOS, Mac OS and Android and WebTerminal.

• Meta Trader 5

MetaTrader 5 is becoming increasingly popular among traders. It is available to the broker's clients only on PCs running Windows OS (soon to be available on mobile devices running iOS and Android). Compared to the popular MT4 platform, the new MetaTrader 5 platform features a larger list of technical indicators and a larger number of timeframes.

IFC Markets Review: Account Types 

Account types are divided into each trading platform as follows:

NetTradeX

Standard-Fixed & Floating

• Currency: USD EUR JPY uBTC

• Initial deposit: 1000 USD | 1000 EUR | 100000 JPY

• Leverage : 1:1 - 1:200

• Fixed spread as low as 1.8 pips

• Minimum floating spread 0.4 pips

Beginner-Fixed & Floating

• Currency: USD EUR JPY uBTC

• Minimum deposit: 1 USD | 1 EUR | 100 JPY

• Leverage : 1:1 - 1:400

• Fixed spread as low as 1.8 pips

• Minimum floating spread 0.4 pips

MetaTrader 4

Standard-Fixed

• Currency: USD EUR JPY

• Initial deposit: 1000 USD | 1000 EUR | 100000 JPY

• Leverage : 1:1 - 1:200

• Fixed spread as low as 1.8 pips

Micro-Fixed

• Currency: USD EUR JPY 

• Minimum deposit: 1 USD | 1 EUR | 100 JPY

• Leverage : 1:1 - 1:400

• Fixed spread as low as 1.8 pips

PAMM-Fixed

• Currency: USD

• Minimum deposit: 100 USD

• Leverage : 1:1 - 1:200

• Fixed spread as low as 1.8 pips

MetaTrader 5

Standard-Floating

• Currency: USD EUR JPY

• Initial deposit: 1000 USD | 1000 EUR | 100000 JPY

• Leverage : 1:1 - 1:200

• Minimum floating spread 0.4 pips

Micro-Floating

• Currency: USD EUR JPY 

• Minimum deposit: 1 USD | 1 EUR | 100 JPY

• Leverage : 1:1 - 1:400

• Minimum floating spread 0.4 pips

PAMM-Floating

• Currency: USD EUR JPY 

• Minimum deposit: 100 USD | 100 EUR | 10000 JPY

• Leverage : 1:1 - 1:200

• Minimum floating spread 0.4 pips

Deposit and Withdrawal Review

Deposit

International bank transfer

• Processing time: It usually takes 2 to 3 business days.

• Deposit Fee: Bank Fee

• Minimum deposit: $100 / €100

Credit card

• Processing time: Immediate

• Deposit Fee: None

• Minimum deposit: $100 / €100 / ¥10,000

• Max deposit: $5000 / €5000 / ¥500 000

Mobile Money

• Processing time: Immediate

• Deposit Fee: None

• Minimum deposit: $5 / €5

• Max deposit: $500 / €500

Cryptocurrency

• Processing time: Immediate

• Deposit Fee: None

• Minimum deposit: 20$ / 20€ / 2000¥ / 800 uBTC

Perfect Money

• Processing time: Immediate

• Fee: 0.5 - 1.99 %

• Minimum deposit amount: 1$ / 1€

• Maximum deposit amount: 5000$ / 5000 €

Withdrawal

Bank Transfer

• Processing time: 2 to 3 business days

• Board: Bank fee + £20

• Minimum withdrawal: 50$ / 50€

Perfect Money

• Processing time: a few minutes

• Fee: 0.5 %

• Minimum withdrawal amount: 1$ / 1€

• Maximum withdrawal amount: 5000$ / 5000 €

Credit card

• Processing Time: It usually takes 1-5 business days.

• Fees: Varies by bank

• Minimum withdrawal: $10 / €10 / ¥5000

• Max Withdrawal: $1000 / €1000 / ¥100000 per day

WebMoney payment system

• Processing time: from several minutes

• Commission: 0.8% (max. $50)

• Minimum withdrawal: $1

Cryptocurrency

• Processing time:< 1 business day

• Fees: Varies by currency

• Minimum withdrawal: 20$ / 20€ / 2,000¥ / 800 uBTC

IFC Markets Customer Service

• Live Chat

• Email: [email protected]

• WhatsApp : +357 22 000149

Summary: Is IFC Markets Broker Review Good?

Overall, IFC Markets is a good broker in terms of trading platforms, constantly updated trading instruments, security guarantees through clear policies, and a variety of features for traders to learn.

However, this broker also has some downsides to consider, such as withdrawal issues that can sometimes be slow or have hidden fees, customer support that may not be responsive enough, and a brand image issue regarding its licensing that is still in question, which has led some to be skeptical of the broker’s credibility.

Frequently Asked Questions about IFC Markets

Q: Is the broker regulated?

A: Yes, this broker is regulated by:

Financial Services Commission (FSC) of Saint Vincent and the Grenadines

Liberia Financial Services Authority (LFSA)

*Note: FSC and LFSA licenses are not as well-known and may not provide as much protection to traders.

Q: Are there any regional restrictions for traders?

A: Yes, the broker does not provide services to residents of some countries, as follows:

• www.ifcmarkets.com is not available in the United States, British Virgin Islands, Japan and Russia.

• www.ifcmfx.com is not available in Malaysia, USA and Russia.

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 IFC Markets Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.