IFC Markets Review

Established in 2006, IFC Markets is a well-known forex and CFD broker that delivers premium trading services to more than 395,000 clients across over 212 countries. The broker operates under the oversight of regulatory bodies, including the British Virgin Islands Financial Services Commission (BVI FSC), the Labuan Financial Services Authority (LFSA) in Malaysia, and the Financial Sector Conduct Authority (FSCA) in South Africa.

IFC Markets facilitates trading on more than 650 financial instruments, spanning forex, stocks, indices, commodities, cryptocurrencies, futures, and synthetic assets. It supports trading via industry-standard platforms such as MetaTrader 4 and 5, along with its proprietary NetTradeX platform. The broker further expands trading possibilities through the GeWorko Portfolio Quoting Method, enabling traders to craft their own synthetic assets or select from pre-designed Personal Composite Instruments (PCI) by market experts.

Pros

The GeWorko Portfolio Quoting Method enables custom asset creation

Nearly two decades of industry experience

Highly rated by clients, earning 28 international awards

Insurance coverage provided by Hamilton Group Syndicate 4000

Cost-effective, commission-free trading structure

A vast selection of over 650 tradable assets

Licensed by three regulators: BVI FSC, LFSA (Malaysia), and FSCA (South Africa)

ECN accounts featuring spreads as low as 0.0 pips

Cons

Services are unavailable to traders in the U.S., Japan, and Russia

ECN accounts are restricted to MT5

Key Details

Currency Pairs: 49

Minimum Deposit: Micro: $1 | Standard: $1,000 | Standard ECN: $1,000

Spreads: ECN starts at 0.0 pips (EUR/USD); Floating from 0.4 pips; Fixed from 1.8 pips

Inactivity Fees: None

Commissions: Vary between 0.10%-0.25%, $0.02, or C$0.03 per share, based on market

U.S. Traders Supported: No

IFC Markets Overview

Demo Account: Yes

Average EUR/USD Spread: ECN account option (from 0.0 pips), fixed 0.40 pips

Tradable Symbols: 650+

Forex Fees: Competitive

CFD Fees: Standard

Withdrawal Fee: Varies

Platforms: NetTradeX, MT4, MT5

Regulators: FSCA, BVI FSC

IFC Markets Ratings

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Trading Opportunities at IFC Markets

If you’re looking for a forex and CFD broker that provides extensive market coverage, IFC Markets is worth considering. Over the last two years, the broker has earned eight prestigious awards, primarily for its services in the Asian and Southeast Asian trading sectors. It also serves traders in Canada and holds a solid reputation compared to other Canadian brokers. A standout feature of IFC Markets is the proprietary GeWorko Portfolio Quoting Method, which enables traders to build and trade custom financial instruments. Additionally, traders can access a range of synthetic assets curated by the broker, including high-tech indices, gold versus Brent oil, and DJIA versus the euro. The broker provides instant trade execution on over 600 assets, including currency pairs, ETFs, precious metals, stocks, indices, and commodities. Below is a breakdown of available assets:

Forex: 49 major, minor, and exotic pairs with both floating and fixed spreads. Spreads start at 0.4 pips for EUR/USD on MT4/5.
Precious Metals CFDs: Trade gold, silver, platinum, and palladium against major currencies. Also, create custom pairs like silver versus AUD or gold versus CHF.
Stock CFDs: Access equities from major global exchanges, including NYSE, NASDAQ, LSE, HKEx, ASX, and TSX.
Commodity CFDs: Trade commodities such as energy, metals, grains, softs, cattle, and hogs. Options include CFDs with and without expiry.
ETFs: Trade popular ETFs such as SPDR Gold Trust, iShares U.S. Real Estate, and SPDR S&P 500 ETF.
Cryptocurrency CFDs: Trade Bitcoin, Ethereum, Ripple, and Litecoin with leverage up to 1:8 and low minimum spreads.
Indices CFDs: Includes ASX 200, DAX, Dow Jones, Nasdaq, Nikkei, S&P 500, and others.
Synthetic Assets: Utilize IFC’s PCI technology to trade unique market indices and financial instruments.

Customer Support

IFC Markets is recognized for its excellent customer support, providing multilingual assistance through live chat, email, Skype, Facebook Messenger, WhatsApp, Telegram, and Instagram. Support is available 24/5 in 12 languages, with phone assistance in Canada and the U.K. The broker also integrates its own Customer Relationship Management (CRM) system for seamless client interactions.

Pricing Structure

IFC Markets offers competitive spreads starting at 0.4 pips for floating accounts and 1.8 pips for fixed accounts. ECN accounts provide ultra-tight spreads starting from 0.0 pips. CFD commissions start at 0.1%, or $0.02 per U.S. stock share.

Funding options include Bank cards (Visa, Mastercard), International Bank Transfer, Mobile Money/M-Pesa, African Local Bank, Crypto Currencies, TopChange, Bitwallet, WebMoney, ADVCash, and Domestic Transfer. Some transactions are instant, while others take 2-3 business days.

Mobile Trading Experience

Although IFC Markets does not offer a proprietary mobile app, its trading platforms—MT4, MT5, and NetTradeX—are available on iOS, Android, and Windows devices, with web-based access also provided.

User Benefits

IFC Markets delivers strong support, market analysis, and educational content. The broker offers Educational Academy option, PAMM account option. Traders can also earn up to 7% annual interest on free margin balances.

Final Verdict

Compared to competitors, IFC Markets provides traders with a unique edge through its ability to create custom trading instruments. The broker’s extensive range of assets, attractive bonuses, and cutting-edge trading technology make it a compelling choice. While it lacks oversight from top-tier regulators, its three minor regulatory licenses ensure compliance. Overall, IFC Markets is a reliable option for traders of all experience levels.

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