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IFC Markets Review - Is it scam or safe?

IFC Markets Review Rating and Comparison

RATING: 3 / 12 REVIEWS IFC Markets
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Trading Accounts

 

Account type 
Min/Max deposit
Minimum trade size 
Maximum leverage
Spreads 
Trading platforms
Micro/Beginner
$1/$3000
0.001 on NetTradeX
0.01 on MT4
1:400
1.8 pips on EUR/USD, fixed 
MT4/ NetTradeX
Standard
 $1000/-
0.1
1:200 
1.8 pips on EUR/USD, fixed
MT4/ NetTradeX


IFC Markets offers its clients a two basic account types on two different trading platforms. Both account types offer the same tight fixed spreads, instant execution and commission-free trading.


Beginner accounts not only offer micro tradable lots, but also the opportunity to trade in 100 units of a given currency.
In addition, swap-free (Islamic) services are available for all account types upon request from clients who are not willing to earn interest for religious reasons.


VIP status is automatically assigned to accounts with trading deposit from $50 000. Such account holders may benefit from flexible trading conditions, personal account manager guidance and assistance by and analyst in creation of investment portfolio with GeWorko Method.


The Company


IFC Markets is a leading brokerage company offering a wide range of trading instruments: currency pairs, CFDs on indices, commodities and precious metals, as well as unique personal instruments on two trading platforms. This is the trading name of  IFCMARKETS. CORP., incorporated in the British Virgin Islands (BVI) and licensed by the Financial Services Commission (FSC).


The broker is part of the IFCM Group, involved in development and implementation of new effective projects in the field of financial technologies for more than 10 years. The Group also includes software developer NetTradeX Corp and IFCM Cyprus Ltd. (formally Infin Markets Limited), licensed by the Cyprus Securities and Exchange Commission (CySEC).


Security of Funds


As we have already mentioned, IFC Markets Ltd., is regulated by the BVI Financial Services Commission. It has a Category 2 business license, which means that it can arrange deals in investments. In order to get such a license, companies undergo rigid checks by the FSC.

 

Despite offering regulated status, FSC allows companies to be entirely based overseas. Furthermore, BVI-registered financial services providers do not face most of the requirements that brokers based in the Cyprus or UK do. For example, BVI-registered brokers are not required to contribute to a compensation scheme and are not subject to any minimum capital requirements.


Generally, we advise traders to choose among UK, Swiss or other well-regulated brokers, where your funds will be protected. If you, however, prefer offshore ones for some reason, IFC Markets is a reliable choice: part of an international group, having 10 years of experience and offering pretty good trading conditions, as well as innovative technologyand some unique features.


Trading Conditions


Minimum Initial Deposit
The minimum initial deposit for IFC Markets clients is just $1, which is a symbolically low initial amount. Yet, signup for the Standard account requires a deposit of at least $1000. In comparison, ForexBrokerInc, registered on the Marshall Islands, demands $100 from its clients as a start for all account types.


Average Spreads & Commissions

IFC Markets offers fixed spreads amounting to to 1.8 pips on EUR/USD, which is pretty tight, as generally fixed spreads are higher than variable ones. Like most fixed-spread brokers, this one does not charge a commission, but instead gets its remuneration only through the spread.


In comparison, BVI-registered Fibo Group offers fixed spreads amounting to 2.0 pips for the EUR/USD pair on its MT4 Dealing Desk account types. For further information, you may check out and compare real-time spreads of 15 leading brokers here.


Leverage
The maximum leverage level provided by this broker is high, reaching 1:400. Nonetheless, many other offshore brokers offer similar or higher leverage levels: ForexBrokerInc and LiteForex both provide leverage up to 1:500. More forex brokers, offering leverage 1:500 and higher can be viewed here.


We would like to remind you that operating with higher leverage levels involves greater risk.


Trading Platforms


IFC Markets offers its clients a choice of two trading platforms: MetaTrader 4 (MT4) and its in-house NetTradeX. It has also launched trading on MetaTrader 5 with floating spreads (in demo mode).


NetTradeX is a trading-analytical terminal launched back in 2006. The platform offers for trade a wide choice of forex pairs, indices, stock and commodity contracts for difference (CFDs). It is available for desktop devices with Windows operating system, as well as for mobile devices with iOS, Android, and Windows Mobile operating systems.


In addition to standard trading instruments, this this Platform offers the unique option of trading in personal composite instruments (PCI). You can create PCI on your own by the GeWorko Method, which is based on the Forex concept, according to which, one financial asset is quoted by another. PCI are for instance new cross rates, correlations between various assets, currency indexes, stock portfolios, etc.


IFC Markets` in-house NetTradeX platform. Click to enlarge.


In addition to the NetTradeX, IFC Markets also supports MetaTrader 4 (MT4), the world’s most widely used forex trading platform. It comes in desktop, web and mobile versions. MT4 is preferred by most experienced traders, because it is equipped with an advanced charting package, a number of technical indicators, Expert Advisors (EA) and extensive back-testing environment. What is more, trading signals service is available on the MT4 only with this broker.

 

In June 2017, the broker also launched trading on MT4's successor - the MetaTrader 5.


Methods of Payment


Clients of IFC Markets may choose from a wide range of payment methods: bank wire transfer, bank cards, Skrill, OKPAY, WebMoney, Netteller, Qiwi, China UnionPay and Western Union.


Accepted currencies: USD, EUR and JPY.


We would also like to point out that this broker offers up to 7% annual interest on free margin.


Conclusion


Despite its light-touch regulation, IFC Markets is a reliable and award-winning broker, which is a part of a group with worldwide operations. It offers trading in numerous different instruments and assets on a selection of robust trading platforms under competitive trading conditions. To sum up the above, here are the advantages and drawbacks in relation to this broker:

 

Pros  Cons
Choice of trading platforms, MT4 available Market Maker model 
Tight fixed spreads  
CySEC license  
Commission-free trading  
Opportunity to create trading instruments of your own  
Annual interest on free margin  
Low min. initial deposit, high leverage levels available  

 

Latest news about IFC Markets
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Traders` reviews for IFC Markets

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

btc futures

They also provide btc futures btw. I'm trying to go into this kind of assets. Quality of service is high as well.

Monreal 06/16/2018

IFC Markets

There was delay with deposit while I was uploading my docs for verification. though when i was withdrawing funds it was in-time

Tpamplin 11/06/2017

At first thought that one of many standart brokers

At first thought that one of many standart brokers. However looked inside and has its surprise. Gives opportunity to create own instruments for trading, and even portfolio.

LEX 11/01/2017

Comfortable conditions for trading

I have developed a neutral opinion about ifc markets. For traders quite comfortable conditions for trading have been created here. Other than fixed spreads, they deposited on the demo account floating ones too right now. In addition, recently they added a cool etf feature.

Deb 09/22/2017

I've always looked for something similar, the broker wins people over with its reliability, no wonder its been on the market for over 10 years. In terms of trading, although the conditions aren't bad but I wouldn't call them exceptional either, they pay consistently and fast - that's a fact, regulation is also great, it's there.

Alex 04/21/2017

No doubt one of the best companies I've traded in

No doubt one of the best companies I've traded in. Wide range of instruments, and truly useful support, makes this broker the place which I entrust my money with and am certain about it. Have withdrawn many times, even on a standard account, requests are processed within hours, I'm impressed.

Ben 04/18/2017

Review for IFC Markets

Another offshore market maker with a lot of tricks to make your deposit dead. They offer a lot of education, big bonuses and tons of advertisement thru web. If you want to start a real trading you need to choose a solid ECN broker, where conflict of interest does not exist.

VovkFX 03/29/2017

Nice

As I understood, this broker is not one to boast about itself. Found out about it accidentally, from an acquantance. tried working with small deposits, tested deposit and withdrawal, opened dozens of orders through the terminal, it's more than I expected. I was pleasantly surprised, gonna trade here for now.

Vigar 03/26/2017

Good broker

Good broker, nothing more to say, no one has ever had such fast withdrawals, usually it takes several days to a couple weeks, but here it's only a couple hours, for me that's critical, so I'm glad they're speedy in that regard. It's also nice that the broker doesn't limit you in your choice of strategies and allows to consult people, all in all it's transparent, open company in my view.

mlok 03/25/2017

Choosing between stability and abrupt swings from bad to good, I choose the first option. That's why I decided to trade with ifc markets, even though the traders got average trading conditions, not the lowest spread and all that, but it's fixated and in any case there won't be a hellish widening as other brokers have with a floating spread. Profit is also withdrawn smoothly.

Logster 03/20/2017

I ordered a withdrawal from this broker and the money arrived on my account. Now I have no doubts - the broker is honest and reliable, one can trade here!

romeo 01/24/2017

good broker

IFC markets is an STP broker. If you're a newbie and don't understand what that means, I'll try to explain. STP broker is when your deal is directly withdrawn to your bank, without any middle company or service. Your deal opens and closes faster also as a result of fewer participants, the spread is lower. I've been trading for just over a year. The broker withdraws the money problem free.

Zipo 01/20/2017
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