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IFC Markets3 min read
Broker Review
IFC Markets provides its customers with financial instruments trading services both on organized trading floors and outside of them using NetTradeX trading platform and MetaTrader 4 and MetaTrader 5 platforms. The company strives for market leadership and provides its customers with the best service and trading conditions, largely being a pioneer in its field of activity.
Platforms
75
Usability
63
Assets
85
Users rating12 Votes
57
Pros Broker
Auto trading allowed
Low spreads
Availability of tools for technical analysis
Annual interest on available funds
Cons Broker
Reports of hidden fees
Slow withdrawal of funds
Few cryptocurrency tools
No social trading platform
74
Overall Broker Rating
Visit Broker

Review of the company

IFC Markets is a well-known company working on Forex and CFD, which is attentive to progressive innovations, introducing them into its work. Thanks to this, since 2006, the broker managed to attract 144 thousand customers from 80 countries. Trademark owned by IFCM CORP. IFC Markets is licensed by the Cyprus Securities and Exchange Commission (CySEC). The reliability of the broker is also indicated by compliance with the standards of the European Union directive MiFID “On financial instruments markets”.

Trading tools

Forex broker IFC Markets pays particular attention to trading tools. These are currency pairs (50+), major stock indices, precious metals and 400 stocks CFDs, commodity and crypto futures. Moreover, the company acts as a supplier of pairs called Golden Instruments. One of the reasons for the company’s popularity is a large selection of various tools. A distinctive feature of IFC Markets from most other broker companies is the use of the new generation trading platform NetTradeX.

Forex broker IFC Markets employs experienced analysts with broad competencies. They create special portfolios for those traders who wish to download non-standard tools and use them in their trading. They are available on the site in the “Personal Composite Instruments” section, customers can find currency and commodity portfolios in it, the same with stocks and indices. The ability to create an unlimited number of synthetic instruments and portfolios is appreciated in the trading community.

Trading conditions

The company has set a minimum deposit of $1, which makes it possible for almost anyone to start earning money with this broker. Another nice point is that funds that the trader is not currently using will grow at 7% per annum. DMA/STP is considered the most convenient; there is no conflict of interest in this business model.

IFC Markets offers fixed and floating spreads, giving traders the opportunity to choose the one that best suits their trading strategy. Another important feature of IFC Markets is that it offers leverage up to 1:400. Aggregation of quotes comes from the most famous and reputable banks, suppliers of liquidity. Therefore, the flow of quotes for traders working with IFC Markets is formed from the best prices.

There is the possibility of opening an Islamic account. 24/5 help is available in 18 languages.

IFC Markets spreads are fixed and are considered one of the lowest in the Forex market. It doesn’t matter – day or night, or how liquid the market is – the company provides spreads from 0.4 to 2 pips. Instant execution at the price that the client sees in the terminal is provided by streaming prices. There is no commission, and the margin is competitive.

Deposit and withdrawal

The company provides many ways to withdraw and finance an account. Deposits can be made using bank transfer, bank cards, WebMoney, Skrill, Neteller, OKPAY, China UnionPay, MybitWallet and Unistream. Withdrawals can be made by bank transfer, WebMoney, Neteller, Skrill, OKPAY, China UnionPay, MybitWallet, Unistream.

* You can withdraw money only for those details for which the deposit was made. The use of payment details of third parties is strictly prohibited.

Support Service

IFC Markets provides highly qualified customer support in 18 languages. Traders can contact IFC Markets via e-mail, chat, call back, Skype, phone, WhatsApp, Telegram, trading desk. Support is available 24/5. The frequently asked questions section is divided into four sections, and all questions not listed there can be sent to support representatives using any of the above communication methods.

For those traders who want to deepen their knowledge of the topic of the Forex market, the IFC Markets broker suggests visiting the “Training” section, where useful materials are located. Webinars are held periodically.

Analyzing reviews of the IFC Markets forex broker, you come to the conclusion that a company that has been working perfectly on the market for almost a decade and a half is rated positively by traders.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.