IFC Markets

* Ranked #178 of 316 in DailyForex's top broker list

Info

Name : IFC Markets
Website : ifcmarkets.com
Established : 2006
Country : Cyprus
U.S. Clients Allowed : No?
Due to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.

Advantages

  • Vast Educational Material
  • Demo Accounts
  • Several Trading Platforms

Disadvantages

  • No Bonuses or Promotions
  • No Regulation

IFC Markets Review

IFC Markets Review

IFC Markets, located in the British Virgin Islands, is one of the leading regulated brokers in CFD and Forex markets. The company was founded in 2006 and since then, IFC Markets has expanded the range of services provided and has been focused on the development and implementation of innovative approaches to trading. The company holds Professional Indemnity Insurance with AIG EUROPE LIMITED. 

IFC Markets Business Model
IFC Markets Business Model

Accounts

IFC Markets offers the following trading accounts to its customers: Beginner NetTradeX, Standard NetTradeX, Micro MT4 and Standard MT4. When opening a Beginner or Micro account a deposit of a very small sum—anywhere from $1 to $300- can be made. The leverage offered for these account types is up to 1:400.

IFC Markets Account Types
IFC Markets Account Types

Opening a Standard account on NetTradeX or MetaTrader 4 requires an initial deposit of $1000 and the leverage offered is up to 1:200. Traders can open accounts in USD, EUR or JPY.

When the equity of the Beginner or Micro account reaches the maximum allowed amount of $5000 or exceeds it, the opening of new positions will be automatically suspended. To continue trading, the client must either change the account type to Standard or withdraw the surplus of funds to decrease the equity to $3000 or lower.

A demo account is available for any of the accounts and clients belonging to the Islamic religion can open Islamic Trading Accounts, where Swaps are not calculated.

Features

IFC Markets has a number of unique features which make it stand out among other brokers. One of the most important features of IFC Markets is that it gives a unique opportunity of creating and trading the broker’s own new financial instruments (PCI) from a variety of available assets.  In 2018, IFC Markets introduced Bitcoin futures trading to its wide list of assets.

Another important and significant feature of IFC Markets is that it offers up to 1:40 leverage for stocks. IFC Markets also provides fixed spreads on major currency pairs from 1.8 to 2 pips which are among the tightest in the market.

There are so many widgets at IFC Market, it is difficult to list them all. They include the following: Live Price, Currency Converter, Live Quotes, Market Sentiment, a 3 in 1 widget and more.

There are also several partnership possibilities such as Introducing Brokers and Media Partners which is a universal Partnership Program specifically for active Internet users. Anyone with personal website, or blog site and considers themselves a webmaster, can use IFC Markets’ new opportunities for making an income.

Education

Clients at IFC Markets are provided with a host of educational material on financial markets. They are also offered a daily Market Overview. Weekly market analysis is presented in video form while Market Sentiment, Technical Analysis and Market Data including Price History and Live Charts are posted daily.

IFC Markets Technical Analysis
IFC Markets Technical Analysis

IFC Markets Weekly Videos
IFC Markets Weekly Videos

In addition, there are lengthy textual articles on a variety of topics including a whole series on Portfolio Trading and one on Spread Trading. Articles in the New Trading Horizon section include concepts such as the GeWorko Method, Pair Trading and more.

IFC Markets GeWorko Method
IFC Markets GeWorko Method

An Economic Calendar with Global Financial Events and the different time zones is available and is highly detailed.

Several calculators round out the broker’s instructional material. These include a currency convertor, a Profit/Loss calculator and a Margin calculator.

Deposits/Withdrawals

Deposits can be made via Wire Transfer, Bank Cards, WebMoney, Skrill, Neteller, OKPAY and Western Union.

Withdrawals can be made via Wire Transfer, WebMoney, Neteller, Skrill, OKPAY and Western Union.

Customer Support

IFC Markets provides highly-qualified customer support in 12 languages. Traders can get in touch with IFC Markets through email, Live Chat, Call Back, Skype, Phone, Trading desk. Customer support is available 24/5.

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

Conclusion

The IFC Markets website is one of the busiest sites I have ever reviewed. It is full of charts, reports and topic possibilities. Education seems to be a major concern as the list of material is abundant and on an advanced level. The choice of trading accounts is small but adequate and it’s nice to see that there are several demo accounts. All in all, this broker seems to offer everything a trader needs in a clear and user-friendly manner.

Advantages

  • Vast Educational Material
  • Demo Accounts
  • Several Trading Platforms

Disadvantages

  • No Bonuses or Promotions
  • No Regulation
Review info :
Broker reviewed : IFC Markets Rating : 6 out of 10
Reviewed By : Review Date :