IFC

About 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 personalized instruments on two trading platforms.

 

history of the company

This is the trade name of IFCMARKETS. CORP., Registered in the British Virgin Islands (BVI) and licensed by the Financial Services Commission (FSC).

 

The broker is part of the IFCM Group, which has been developing and implementing new effective projects in the field of financial technologies for over 10 years. The group also includes software developers NetTradeX Corp and IFCM Cyprus Ltd. (formerly Infin Markets Limited), licensed by the Cyprus Securities and Exchange Commission (CySEC).

 

Fund security

As we already mentioned, IFC Markets Ltd. regulated by the BVI Financial Services Commission. He holds a Category 2 business license, which means he can enter into investment deals. To obtain such a license, companies go through rigorous checks by FSC.

 

Despite offering regulated status, FSC allows companies to be based abroad. In addition, BVI-based financial service providers do not face most of the requirements of brokers in Cyprus or the UK.

 

We generally advise traders to choose between UK, Swiss or other well-regulated brokers where your funds will be protected. However, if you are looking for an offshore broker for some reason, then IFC Markets is a reliable choice: it is part of an international group with 10 years of experience and fairly good trading conditions, as well as innovative technologies and some unique features.

 

Trading conditions

IFC Markets offers its clients two main types of accounts on two different trading platforms. Both account types offer the same tight fixed spreads, instant execution and no commission trading.

 

Beginner accounts offer not only micro lots, but the ability to trade 100 units of a given currency.

 

In addition, swap-free (Islamic) accounts are available for all account types upon request from clients who do not wish to earn interest for religious reasons.

 

VIP status is automatically assigned to accounts with a trading deposit of $ 50,000 or more. Holders of such accounts can take advantage of flexible trading conditions, guidance and assistance from a personal account manager, as well as an analyst in creating an investment portfolio using the GeWorko method.

 

Minimum deposit

The minimum initial deposit for IFC Markets clients is only $ 1, which is a symbolically low initial amount. However, a minimum deposit of $ 1000 is required to register with a standard account.

 

Spreads and commissions

IFC Markets offers fixed spreads of 1.8 pips on EUR / USD, which is quite narrow as in general, fixed spreads are higher than variable spreads. Like most fixed spread brokers, this one does not charge a commission, but only gets rewarded through the spread.

 

Leverage

The maximum leverage provided by this broker is high and goes up to 1: 400. However, many other offshore brokers offer similar or higher leverage levels.

 

We would like to remind you that working with a higher level of leverage carries more risks.

 

Trading platforms

IFC Markets offers its clients two trading platforms to choose from: MetaTrader 4 (MT4) and its own NetTradeX. He also started offering trading on MetaTrader 5 with floating spreads (in demo mode).

 

NetTradeX is a trading and analytical terminal launched back in 2006. The platform offers a wide selection of currency pairs, indices, exchange and commodity contracts for difference (CFDs) for trading. It is available for Windows desktop devices, as well as iOS, Android and Windows Mobile devices.

 

In addition to standard trading instruments, this platform offers the unique opportunity to trade personal composite instruments (PCI). You can create PCI yourself using the GeWorko method, which is based on the Forex concept, according to which one financial asset is quoted by another. PCI includes new cross rates, correlations between different assets, currency indices, stock portfolios, etc.

 

In addition to 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 comes with an advanced charting package, a range of technical indicators, Expert Advisors (EA) and an extensive back testing environment. Moreover, the service of trading signals is available on MT4 only with this broker.

 

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

 

Significant services

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

 

Support service

IFC Markets provides highly qualified customer support in 18 languages. Traders can contact IFC Markets via email, chat, callback, Skype, phone, WhatsApp, Telegram. The support service is available 24/5.

 

The FAQ section is divided into four groups and all questions not listed there can be directed to the support representatives using any of the above methods of contact.

 

Ways of payment

IFC Markets clients can choose from a wide range of payment methods - bank transfer, bank cards, Skrill, OKPAY, Webmoney, Netteller, Qiwi, China UnionPay and Western Union.

 

Accepted currencies: USD, EUR and JPY.

 

Criticism of traders

Traders complain about difficulties in working with the support team.

 

Pros:

 

selection of trading platforms; tight fixed spreads; trade without commission; the ability to create your own trading instruments; annual interest on free margin; low min. initial deposit, high leverage.

 

Minuses:

 

Market Maker model.