IFC Markets reviews

IFC Markets_logo IFC Markets 5/10 (votes 2372)

On-line since: 2006
Country of origin: Cyprus
Regulation: British Virgin Islands Financial Services Commission (BVIFSC), CySEC
Payment options: WebMoney, Skrill, Neteller, Bitcoin, Qiwi, Western Union, Unistream, credit cards, international wire transfers
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: 1:400
Spreads: floating from 0.4 pips, fixed from 1.8 pips

IFC Markets is a leading CFD and Forex broker. According to the company’s official website, IFC Markets focuses on the development and implementation of new trading approaches. The broker is a member of the Investor Compensation Fund. The company is a part of the IFCM Group which is licensed by CySEC, BVI FSC, and LFSA. IFCM Group holds professional indemnity for financial institutions insurance in AIG Europe Ltd. IFCM Group is the developer of a modern trading platform NetTradeX.

Since 2006, IFC Markets has been giving users services for trading financial instruments in organized markets and beyond. The company is registered in the British Virgin Islands (BVI) and complies with the Markets in Financial Instruments Directive (MiFID) requirements of the European Commission.

Trading conditions

Trading platforms:

  • NetTradeX
  • MetaTrader4
  • MetaTrader5

IFC Markets offers its clients several trading accounts with fixed and floating spreads for each of the following platforms: NetTradeX, MetaTrader 4, and MetaTrader 5.

Trading accounts:

  • Beginner: initial deposit – 1 USD, maximum equity – 5,000 USD, leverage – 1:400, minimum fixed spread – from 1.8 pips, minimum floating spread – from 0.4 pips, Stop out – 10%, market news feed
  • Standard: initial deposit – 1,000 USD, maximum equity – not specified, leverage – 1:200, minimum fixed spread – from 1.8 pips, minimum floating spread – from 0.4 pips, Stop out – 10%, market news feed
  • Demo: leverage – 1:400, minimum fixed spread – from 1.8 pips, minimum floating spread – from 0.4 pips, Stop out – 10%, no market news feed

All account types provide an opportunity to trade such balance currencies as USD/EUR/JPY/uBTC. Additionally, hedging and netting are available regardless of the type of account.

Payment methods:

  • Webmoney
  • RBK Money
  • QIWI

The broker offers a vast choice of trading instruments:

  • CFD on shares
  • commodities
  • crude oil
  • precious metals

In the trading terminals of IFC Markets the following order types are executed: market, linked, pending, OCO, and activated orders.

Details on margin requirements and trading volumes can be found on the company`s official website.

Importantly, there are the so-called VIP conditions that the company provides to unique customers. A VIP-status is given to those clients who make a deposit of at least 50,000 USD or 50,000 EUR. The exclusive conditions include a personal manager, free access to a virtual server (VPS), no commission for deposit and withdrawal of funds, flexible trading conditions, assistance in creating an investment portfolio using the Portfolio Quoting Method (PQM), as well as an advance fee of 10,000 USD, credited to the client trading account.

Education

For novice traders, the company provides a high-quality Education section that includes comprehensive information for successful activity in the Forex market. This includes articles on trading properties, technical and fundamental analysis materials, as well as information about the psychology of trading and much more. Notably, IFCMarkets offers its users a large arsenal of relevant analytics. Traders have access to the economic calendar, market overviews, technical analysis data, and weekly video reviews.

Support service

The support service is represented by the FAQ section on the website where clients can find answers to their questions. In addition, users can contact the company’s representatives through an online chat, e-mail, or phone, numbers are listed on the website, as well as by means of instant messengers such as Skype, WhatsApp, and Telegram.

Feedback

While cooperating with the broker, traders noticed the following advantages: a quick withdrawal of funds, a fast execution of orders, a well-functioning trading platform, a one-click trading mode, a wide selection of assets, and a positive support service delivery. At the same time, the main drawbacks are the cancellation of profit by the company`s employees and the inability to withdraw funds. Moreover, the user agreement contains a clause stating that deposits of clients belong to the company. In general, we can say that there are far more positive reviews than negative ones.

Advantages and disadvantages

Pros:

  • 14 years in the Forex market
  • vast array of trading instruments (over 600)
  • regulated broker
  • unique features of the portfolio quotation method
  • high-quality training section available on the website
  • convenient withdrawal methods
  • relevant and detailed information contained on the website

Cons:

  • rare bonuses and offers.

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