- Variety of account types
- Several Trading Platforms
- CySEC Regulation
- Education tools
- No Bonuses or Promotions
- No US clients
- Not the lowest spreads
- No social trading network
Company Information
The IFCM Group, which has been in operation since 2006, consists of several operating subsidiaries. It is also regulated by the British Virgin Islands Financial Services Commission (BVI FSC), and operates under the Cyprus Securities and Exchange Commission (CySEC) regulatory framework. Those subsidiaries include three brokerage divisions and one company which developed a proprietary trading platform that is used across the group. Over 165,000 traders from 80 countries enjoy more than 600 liquid assets in a competitively priced trading environment.
Markets
Forex traders are offered to trade 49 currency pairs, supported by 26 commodity CFDs, but only two cryptocurrency assets are available. Over 400 equity CFDs from seven global exchanges allow extensive cross-asset diversification, complemented by 14 index CFDs and four ETFs.
● Precious Metals
● Continuous Index CFDs
● CFDs on Commodity Futures
● Continuous CFDs on Commodities
● CFDs on ETF
● CFDs on Crypto Futures
Trading accounts
IFC Markets provides its clients’ with several trading account types. The trading accounts are developed with fixed and floating spreads for each of the trading platforms: NetTradeX, MetaTrader 4, and MetaTrader 5. An online CFD and Forex trading account with IFC Markets can be in one of 3 currencies upon the user’s choice – USD, EUR, and JPY. Let’s review in the details each account type.
- NTTX (Standard-Fixed & Floating)
- MT4 (Beginner-Fixed & Floating)
- MT5
• Currency – USD EUR JPY uBTC
• Min. Deposit – $1000
• Leverage – 1:1 – 1:200
• Min. fixed spread – from 1.8 pips
• Min. floating spread – from 0.4 pips
Standard-Fixed
• Currency – USD EUR JPY
• Min. Deposit – $1000
• Leverage – 1:1 – 1:200
• Min. fixed spread – from 1.8 pips
Micro-Fixed
• Balance currency – USD EUR JPY
• Min. Deposit – $1
• Leverage – 1:1 – 1:400
• Min. fixed spread – from 1.8 pips
Demo-Fixed
• Currency – USD EUR JPY
• Min. Deposit – 0$
• Leverage – 1:1 – 1:400
• Min. fixed spread – from 1.8 pips
Standard-Floating
• Balance currency – USD EUR JPY
• Min. Deposit – $1000
• Leverage – 1:1 – 1:200
• Min. fixed spread – from 0.4 pips
Micro-Floating
• Balance currency – USD EUR JPY
• Min. Deposit – $1
• Leverage – 1:1 – 1:400
• Min. fixed spread – from 0.4 pips
Demo-Floating
• Balance currency – USD EUR JPY
• Min. Deposit – 0$
• Leverage – 1:1 – 1:400
• Min. fixed spread – from 0.4 pips
Open an account
With IFC Markets you can open a new account through an online application form. It is an easy and very quick process. All you need is to provide basic personal information about yourself and to indicate your trading experience. After the application is approved, traders need to submit a copy of their ID, and proof of residency documents.
Minimum deposit
The minimum is different for each account type. For example, for a NTTX, a MT4 (Standard-Fixed) and a MT5 (Standard-Floating) the minimum deposit is $1000. And for a Micro-Floating and a Micro-Fixed the minimum deposit is only $1. You can also open a demo account, where you can trade with no real money, and prepare yourself for the real deal.
Trading Platforms
The broker offers both the MT4 and MT5 platforms. MT platform is very popular among the traders thanks to the variety of instruments it offers. You can read more details about the features of the each version of the platform here.
Besides, they offer also its platform for everybody’s convenience. NetTradeX is an information and trading platform providing ample opportunities for trading in the financial markets Forex, CFD and Futures through online trading.
Our verdict
After conducting careful research, we can conclude the following. IFC Markets is regulated by the CySEC broker, which offers a variety of account types, as well as several trading platforms to satisfy the basic needs of any trader. On the contrary, the broker is not supported by the more powerful regulators. It doesn’t support US clients. There are three platforms, but no social trading network. Besides, the broker doesn’t provide a client with bonuses or promotions, and the spreads are not the lowest as well. All-in-all, we recommend you thoroughly study the features of the broker, and then make a decision.
IFC Markets Details
I’ve been using them for going on 2 1/2 years. They are my fourth, and if all continues, my last broker to use. Deposits are timely, withdrawals are consistently timely, spreads are consistent in almost all volumes except end of day, rarely do I get slippage more than a pip, and AND the customer service . . . These people are prompt, courteous, consistent, and knowledgeable.
I recommend them to anyone Iooking to trade fx.
The web site is veeeery slow. Please pay attention to it. Sometimes it’s too difficult to search information or to do anything else…
Hello, i use IFC Markets with a Pammservice and have very good experience. the signals where i come is very good – maybe IFC Markets can make a little lesser spreads and commisions.
regards
Excellent Customer Support, They have whole bunch together in one place. If they reduce cost of VPS then it will be better
When I really mess things up, they can straighten out me and get my computer VPS interface back up perfectly Thanks!!
I am very pleased with IFC Markets, they take the time with me and help in the inquiry. I feel like I really got support and help water spout IFC Markets! THANK`S!
IFC Markets works very satisfactorily and reliably.
Payments are processed accurately and quickly.
So I can IFC Markets as excellent broker only recommend.
IFC Markets is the greatest broker of the week so far .. I use EA in IFC Markets and I have taken advantage of quick, easy and no need to open the computer 24 hour…! Thank You IFC Markets…!!
The help in depositing money is clear and fast. Thank you!
IFC Markets seem to be one of the best forex platform online ! The service online is very good and you can put any EA (Expert Advisor ) you want. If you have referrals, you can trade directly in their account, wow ! The deposit is instant in your back office and in your MT4 platform. I never withdraw with them, but one of my friend withdraw with them and they are very fast and serious. I recommend this broker to the people, because they are honest and they have a license !
David Tayler.
From Canada