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IFC Markets review: How good is the online broker? – Test for traders

  • Regulated by the CySEC & FSC
  • Free demo account
  • 600+ tradable assets
  • MT4, MT5 & mobile trading available
  • Great education section

To be a good trader on any forex platform, one of the factors you need to ensure is that the broker is safe and secure for you to trade in. IFC markets are forex brokers that have been operating for a while, making some traders wonder if the broker is good enough or has advanced tools to help the traders make better trading strategies and plans.

IFC Markets, is it a good online broker? Is IFC Markets regulated, or does it have an environment good for new traders? This article will answer these questions to help you know if the broker’s platform is good for you to trade on. Let’s get right into the dissection of this broker and its platform.

The official website of the broker IFC Markets
The official website of the broker IFC Markets

 

→ Sign up for free with IFC Markets now!

(Risk warning: Your capital can be at risk)

What is IFC Markets? – Quick facts about the broker

The IFC Markets trading platform
Overview of the IFC Markets NetTraderX platform

IFC Markets started in 2006, among the old forex brokers in the business. The company’s headquarters is in Cyprus, under the proper regulation of the Cyprus Securities and Exchange Commission. Besides being under the regulation of CySEC, it is under the regulation of another body, the FSC. 

IFC Markets has a client reach of 150,000 active traders on its platform. The broker is under the IFCM group. The IFCM group is a company that provides fintech services to retail and professional traders. This means that IFC offers its traders digital trading assets to place a trade on its platform. The broker provides both Forex and CFDs to its clients.

Facts about IFC Markets

This forex broker has platforms that help the trader place trades more carefully and precisely because of the available tools. Traders can trade either on the go with a mobile device or while in a place if they are using a desktop. IFC Markets’ platform is user-friendly.

One last thing to know is that the broker provides help to its traders. The help comes through various methods that can be seen on the broker’s website. IFC Markets is in over 75 countries, and so the broker’s support offers multiple languages to the traders who want to get help from the support team. 

→ Sign up for free with IFC Markets now!

(Risk warning: Your capital can be at risk)

Is IFC Markets regulated? – Overview

Regulations are rules that keep an organization in check. For traders to trust that a financial institution is under proper regulation, that institution has to be under the regulation of external bodies. IFC, as a forex brokerage firm, has regulations from external institutions. The regulators ensure that IFC Markets is a safe trade zone for clients.

The official logo of the CySEC

The broker has two regulators that keep it in check. These are the CySEC (under license registration 147/11) and the FSC (under SIBA/L/14/1073). With these two regulators supervising the broker, it is not possible for IFC Markets to financially abuse its clients. IFC Markets is a safe, secure platform.

British Virgin Islands Financial Services commission logo

Due to the regulatory body’s existence, traders enjoy that their finance is kept in a different account from the broker itself. The funds of IFC Markets as a broker and the client’s funds are not together to avoid any financial abuse and show transparency to the clients on the platform. 

→ Sign up for free with IFC Markets now!

(Risk warning: Your capital can be at risk)

Security measures for traders and their money

Regulation and licenses of IFC Markets

There is adequate security for the traders and their money. IFC Markets, a regulated broker, keeps traders’ money in a different bank account for its own. This means that the money that belongs to the bank cannot be mixed with the money that belongs to the clients. This is truly a guarantee for the money that belongs to the traders.

Another security for the traders is that IFC Markets operates transparently. This means that it ensures that the traders know about the broker before opening an account. As part of its transparency, the traders are to know the fees it charges them, and there must not be hidden charges that cannot be accounted for.

Security measure for traders of IFC Markets

Since its creation, IFC has continued to show that traders can trust it. As part of the security for clients’ money, the broker will repay them if anything happens to their funds. This is a good way for the company to gain its traders’ trust. It is no wonder the broker has many active traders on its platform.

→ Sign up for free with IFC Markets now!

(Risk warning: Your capital can be at risk)

Review of IFC Markets trading offers and conditions

Instruments available for trading on IFC Markets

Multiple trading instruments are meant for the traders to trade with on IFC Markets’ platform. The broker offers pure assets and CFDs, giving the traders multiple choices. The assets are from Forex, Stocks, Commodities, Indices, ETFs, and Cryptocurrencies. There are over 650+ trading instruments in total at the disposal of the traders. 

Forex/Forex CFDs

Typical spreads for currency pairs on IFC Markets
Typical spreads for currency pairs on IFC Markets (Standard-Fixed account)

Clients trading on IFC Markets can choose whether to trade vanilla currency pairs or the CFDs. The platform has over 50 currency pairs to choose from. Each FX has spread and leverages that are different from each other. The last spread for EUR/USD is 1.2 pips. Traders should ensure that the Forex pair they want to trade has been properly researched.

Forex pairs:50+
Leverage:Up to 1:400
Spreads:Starting from 1.2 pips
Execution:Instant
Availability:During trading hours
→ Trade forex with IFC Markets now!

(Risk warning: Your capital can be at risk)

Stocks 

Typical spreads for stocks on IFC Markets (Standard-Fixed account)
Typical spreads for stocks on IFC Markets (Standard-Fixed account)

IFC Markets has impressive stocks available to traders. The stocks come from some of the best companies offering to sell their shares to the general public. Some of the stocks available on the broker’s platform are Apple, Google, e.t.c. Also, like the forex currency, the stocks come with different leverage and spreads.

Stock assets:40+
Leverage:Up to 1:400
Spreads:Starting from 2 pips
Execution:Instant
Availability:During trading hours
→ Trade stocks with IFC Markets now!

(Risk warning: Your capital can be at risk)

ETFs

Typical spreads for ETFs on IFC Markets (Standard-Fixed account)
Typical spreads for ETFs on IFC Markets (Standard-Fixed account)

Traders can also trade ETFs on IFC Markets’ trading platform. However, traders can only access the ETFs in real estate. Traders can hold overnight positions in trading ETFs on the broker’s platform. Traders should carry out good research on the available ETFs before using them to place a trade.

ETF assets:4+
Leverage:Up to 1:400
Spreads:Starting from 12 pips
Execution:Instant
Availability:During trading hours
→ Trade ETFs with IFC Markets now!

(Risk warning: Your capital can be at risk)

Cryptocurrencies

Typical spreads for cryptocurrencies on IFC Markets (Standard-Fixed account)
Typical spreads for cryptocurrencies on IFC Markets (Standard-Fixed account)

The crypto market can be tricky at times, as the moment when there will be a deep is never expected. Crypto is accessible on the trading platform. The broker has cryptocurrencies from the main coins like Bitcoin and Ethereum to Altcoins. Traders should conduct thorough research before trying to trade any cryptocurrency – whether CFDs or Vanilla.

Cryptocurrency assets:14+
Leverage:Up to 1:400
Spreads:Starting from 10 pips
Execution:Instant
Availability:24/7
→ Trade cryptocurrencies with IFC Markets now!

(Risk warning: Your capital can be at risk)

Commodities

Typical spreads for commodities on IFC Markets (Standard-Fixed account)
Typical spreads for commodities on IFC Markets (Standard-Fixed account)

Commodities like metals and energies are available for traders on IFC Markets’ trading platform. Among the metals, there are silver and gold that traders can use to place a trade on the platform. For energy products, crude oil and natural gas can be traded on the broker’s platform. Commodities have high value in the market and are good assets to add to your portfolio.

Commodity assets:33+
Leverage:Up to 1:400
Spreads:Starting from 6 pips
Execution:Instant
Availability:During trading hours
→ Trade commodities with IFC Markets now!

(Risk warning: Your capital can be at risk)

Indices

Typical spreads for indices on IFC Markets (Standard-Fixed account)
Typical spreads for indices on IFC Markets (Standard-Fixed account)

There are CFDs on the index and normal index. If you want to trade this asset successfully, ensure that you conduct the necessary research on it. There are different leverages and spread types that the traders can enjoy while trading indices on IFC Markets’ trading platform. They are good assets to trade with if you want to diversify your portfolio.

Index assets:24+
Leverage:Up to 1:400
Spreads:Starting from 10 pips
Execution:Instant
Availability:During trading hours
→ Trade indices with IFC Markets now!

(Risk warning: Your capital can be at risk)

Trading fees: How much does it cost to trade?

The broker’s trading fees may vary depending on the account type the trader uses to perform trades. The overall trading fees on the broker’s platform come from spreads attached to the different instruments you trade with them. For certain instruments, commission fees are charged by the broker. On IFC Markets, the average spread starts at 1.2 pips. When compared to some brokers, this is considered to be in a low range.

Traders are also charged for holding positions on the charger overnight. However, with a swap trading account, traders can pay less than the normal fee for holding positions overnight. There is a $5 subtraction from the normal overnight trading fee. The traders may also be charged for deposits and withdrawals on the payment method they use to act. Normally, the broker does not charge for deposits or withdrawals.

There’s a fee for inactivity on the platform. So if you do not trade on IFC Markets’ for a year, you will be charged. IFC Markets, however, does its part to ensure that they know all the trading fees of the clients on its platform. It is not possible that the broker charges its client without an accountable reason. This is part of the reason for its regulation. 

Fee:Information:
Swap fees for overnight open trades:Apply. Swap is based on interbank interest rates.
Management fees:No management fees.
Inactivity fee:No inactivity fees on dormant accounts. However, accounts will be archived after one month of inactivity.
Deposit fee:No deposit fees for payments via Bankcards, TopChange, Crypto, Bitwallet.
Withdrawal fee:No withdrawal fees.
Market data fee:No market data fees.
→ Sign up for free with IFC Markets now!

(Risk warning: Your capital can be at risk)

Test of IFC Markets trading platforms

Available trading platforms on IFC Markets
Available trading platforms on IFC Markets

There are different platforms on the broker to enable the traders to have proper trades. Without the platforms, it will be impossible to trade. The broker had easy platforms that beginners and professionals could use to get the best result from their trading events. The platforms available on the broker include NetTradeX, MetaTrader 4, MetaTrader 5, and Mobile Trader.

NetTradeX

The IFC Markets NetTrade X platform

This is one of the new generation platforms that is used for trading. IFC designs the platform to help traders trade instruments on its platform. The traders can access both real instruments and CFDs. Traders can use some trading tools on the platform to help them place trades easily. The NetTradeX platform is easy to use and even matches up with the standard platforms used by other brokers.

→ Sign up with IFC Markets now and start using NetTradeX!

(Risk warning: Your capital can be at risk)

MetaTrader 4

The IFC Markets MetaTrader 4 platform for the desktop

The MT4 is a platform that is commonly used among Forex traders. This is because it has been around for a while, making it seem like the default trading platform for most traders. The MT4 platform is known for making traders perform multiple functions on it. It even has indicators that the traders can use to trade on the platform. Thanks to how easy it is to use this platform, the traders can make transactions easy on it. The assets are more than 200 on the broker’s platform. 

→ Sign up with IFC Markets now and start using MetaTrader 4!

(Risk warning: Your capital can be at risk)

MetaTrader 5

The IFC Markets MetaTrader 5 platform for desktop

Those who use MetaTrader 4 may know the MT5. The MT5 is an improvement of the MetaTrader 4, meaning it can perform better functions than the MT4. Traders also have access to the different trading assets the broker provides to its traders. MetaTrader 5 platform has technical indicators and analytics, plus the platform is easy to move through. 

→ Sign up with IFC Markets now and start using MetaTrader 5!

(Risk warning: Your capital can be at risk)

Mobile trader

The IFC Markets MT mobile trading platform

The Mobile Trader is available for those who want to trade using mobile phones. To access this platform, traders must download the broker’s trading application. The application is available on iPhones and android devices. Traders enjoy the same experience when performing trades with the other platforms above. The Mobile Trader platform is free to download on any mobile store.

WebTrader

The IFC Markets MT4/MT5 WebTrader platform
The IFC Markets MT4/MT5 WebTrader platform

This is another platform that IFC provides its traders with. The platform can be used on your web browser. The WebTrader platform can perform multiple functions for the user, and it has a customizable chart to pinpoint the trader’s focus. This platform can be used on mobile phones and computer browsers. The platform is user-friendly and has a lot of other advantages that it offers to traders. 

Comparison of the trading platforms on IFC Markets
Comparison of the trading platforms on IFC Markets

How to trade on the platform

How to trade forex on IFC Markets
To place a trade, right-click on the chart and click on “Set order”

Trading on the platform can be done with ease. Once you have access to your trading account, you must choose the instruments you wish to add to your portfolio. Once you are sure of the assets to add, you could make a quick research about them just to be sure that it’s the ones that fit you best. 

Trading indicators on IFC Markets

When it’s time to open trade on the broker, you can select any of the assets you want to trade with. When you do, you can set the position you wish to stay on the chart. Before setting your position, you can use the indicators to help you choose the best trading position on the chart. Confirm the process when you set your position, the amount you want to open trade with, and the time limit. Click the trade button, and your there will be opened.

Before you can trade on any of IFC Markets’ platforms, you will need to fund your account with money. This money is what you will use to perform trade on the platform. Once you place your trade, monitor the market to spot any slight change that may be negative to your trade. Once you spot this change and feel you should abandon it, cancel the trade. 

If you want to learn how to trade on IFC Markets platform, you can use the demo account to perform your trade. The demo account is a simulation that helps you learn how to move through the platform and use the indicator tools, among other advantages. The platforms have a user-friendly interface. 

→ Sign up for free with IFC Markets now!

(Risk warning: Your capital can be at risk)

How to trade forex on IFC Markets

How to trade forex on IFC Markets

Prepare your trading account by verifying it to complete your account creation process. After it has been verified, make your way to deposit some money into your trading account. You can only place trades when you have money in your account. Select the specific currency pair you want to place in the market.

You will then be able to pick the amount to use to place a trade on the market. The minimum amount to place a trade on any asset, including forex on IFC Markets, is $1. Set how long you want to hold the trading position. It is possible to trade Forex overnight. When you’re ready, click the trade button and watch how the market goes. 

The IFC Markets NetTradeX order mask
The IFC Markets NetTradeX order mask

Keep an eye on the market because the market is always changing. Watching the market is important to know when to bail out of a trade and learn from your previous mistake if the trade ends badly. You can only profit from trading forex when you have the correct prediction. When predictions are not correct, the trader ends up having a loss.

→ Trade forex with IFC Markets now!

(Risk warning: Your capital can be at risk)

How to trade binary options on IFC Markets

There is no way that traders can trade binary options on IFC Markets trading platform because the broker does not offer binary options. There are risks involved in trading binary options because of how easy it might seem to trade. However, just as easy as it is, traders can also lose money.

How to trade cryptocurrencies on IFC Markets

How to trade cryptocurrencies on IFC Markets

To trade cryptocurrency on IFC Markets, you need to set up an account with the broker. After opening your account, make sure you put the money in the trading account since you need money to trade on the platform. Once you have funded your trading account, you will need to select a Cryptocurrency you want to trade.

Select the coin or token you want to trade on the platform. However, before you choose the coin to trade with, do thorough research on Cryptocurrency. Find out how it’s doing in the market. This way, you can know if it’s best to trade with it. After selecting the coin, set the trade duration and how much you are willing to open the market with. Once you are ready, select the trade button.

The IFC Markets order mask for cryptocurrency trading

Even after selecting a trade, you should not forget about your trade. You must check on it and continue this way, and you will be able to detect changes in the market. If the change is encouraging, and it seems like your prediction will be correct, you can keep your position active. But if otherwise, you should quit the trade.

→ Trade cryptocurrencies with IFC Markets now!

(Risk warning: Your capital can be at risk)

How to trade stocks on IFC Markets

How to trade stocks on IFC Markets
To trade stocks with IFC Markets, simply choose the asset from the navigator, open it in a chart and start buying or selling

The stock market on IFC Markets platform has varieties, and the client can select them to open the market with. If you’re ready to trade stocks on this broker’s platform, ensure you have access to your trading account. The stock market is one of the easiest assets to trade because they involve low risk.

Once you decide you want to trade with a particular stock asset, place a trade on the chart. You must first pick a trading position on the chart to place a trade. From there, all you have to do is set an amount you are willing to trade with. Once you’ve set the amount, set the time limit the trade should last. Once done, click the trade button to place a trade on the stock market chart. 

The broker has a demo account where traders can also trade stock assets. The stock on the demo account functions like the real account. However, whenever you set a trade on your real account, make sure that you watch the market in case of a change. 

→ Trade stocks with IFC Markets now!

(Risk warning: Your capital can be at risk)

How to copy trade on IFC Markets

Benefits of the IFCM invest platform

The IFC Markets offers copy trading services to traders. The platform used is called the IFCM Invest platform. They connect investors to professional or experienced traders. Copy trading is ideal for inexperienced traders or traders who do not have the time to keep up with the markets. 

One of the top benefits of copy trading is that you can make profits just like master traders do. You don’t have to worry about strategies or techniques, as it all depends on the professional trader you copy from. Also, on IFC Markets, you only get to pay commissions when the master trader you choose makes a profit. 

If you want to start copy trading on IFC Markets, here are some steps to guide you:

  1. The first step is to open a trading account with IFC Markets. You don’t need to create another account if you already have one. Log in using your registered details (email and password). 
  2. Locate the ‘Payment Account’ section and make a deposit. You can choose the amount you want to deposit and the amount you wish to risk on the trade. 
  3. Open an investment account on the platform. This is different from your regular account. 
  4. Select a master trader who you would like to copy their trades
  5. Transfer your desired amount to your investment account. You can make this transfer from your trading wallet. 
  6. After this is done, the trades of the master you selected are copied automatically to your trading chart. 
→ Sign up for free with IFC Markets now!

(Risk warning: Your capital can be at risk)

How to open your trading account with IFC Markets

How to open a trading account with IFC Markets

The first process will be visiting the website of the broker. You will see the open account button on the top right side of your screen. Click on the button to start your registration procedure. The broker allows traders to open an account as a corporate entity or retail trader. Open an account for a retail trader. You will see the KYC you need to fill out. The form requires you to enter your name, email address, the region you are from, mobile phone number, and password. If you prefer to open an account using your Facebook, you can also do that because the broker allows traders.

After the registration process, you will need to open your live account. The live account is where you place trades on and earn for every right prediction you make. The broker will need more information about you to open your live account. This information requires that you submit your proof of residency and a means of National Identification. Once you are through with this, it will need some time before your account will be fully ready for trading activities. After the broker has verified your account, you have to deposit money into your trading account. The least amount traders can deposit $1. 

The deposit form on IFC Markets

After funding your trading account, you have to download your preferred trading platform. The broker has more than one trading platform from which the trader can choose. You must choose the platform that suits your trading taste. However, all platforms on the broker have good quality.

Once you have access to your trading account, you can place trades with the available assets on the platform. If you still find it difficult to open your trading account after following this method, you should contact customer support for IFC Markets.

→ Sign up for free with IFC Markets now!

(Risk warning: Your capital can be at risk)

Account types of IFC Markets

Comparison of the account types on IFC Markets
Comparison of the account types on IFC Markets

Besides the importance of the different platforms on the broker, there is also the importance of an account type. The account types have what differentiates them from each other. The types of accounts on the broker are Standard accounts and beginner accounts.

Standard account

The standard account is a type of account that is “standard,” meaning that it is the account type that is suitable for both beginners and professionals. This account type starts with a minimum deposit of $1, which is the normal amount the broker accepts. Also, this account type has the normal number of assets the clients use to perform trades. Also, they can download the platform that they wish to without any problem. 

Beginner account 

This account type that IFC provides for its clients is best for those just starting to trade Forex. Those who do not have so much knowledge about forex trade should use this particular trading account. The competition on it is not as much as the standard account, and this beginner account owner can access many assets that the standard account owners can access. Traders may use the demo account which is on it to practice trading.

→ Sign up for free with IFC Markets now!

(Risk warning: Your capital can be at risk)

Can you use a demo account on IFC Markets?

How to open a demo account on IFC Markets

Yes, you can use a demo account on IFC Markets. The broker is aware that not everyone might be able to understand the platform immediately or even know how to trade Forex easily, which is why there is access to a demo account on the broker. The demo account has fake money, which the traders can use for practicing. Besides the demo account being used for practicing, the traders can use it for strategizing and planning. They may use it to execute trading techniques they want to try on their real account. The demo account is very useful to traders in IFC Markets. 

How to login to your IFC Markets trading account

How to login to a IFC Markets trading account

When you want to log in to your trading account, you can simply go to the site and click on login. The broker will require you to log in with your email address and password. The email address and password are the ones you used to create your trading account. If the two pieces of information provided are correct, you will be given access to your trading platform. You can then continue to start your trading. There is also a Facebook option to log in to your trading account.

The IFC Markets login form

For traders who have forgotten their login details, they can retrieve their trading accounts. The broker will send a retrieval link to your mail when they click on forgot password. It is through this mail that the trader can change their password. After changing your password, you will need to try to log in again. Logging into your trading account is straightforward. 

→ Sign up for free with IFC Markets now!

(Risk warning: Your capital can be at risk)

Verification – What do you need, and how long does it take?

Profile verification on IFC Markets

The verification process takes 24 hours or more, depending on your region. Only when your account verification has been approved will you be able to access your trading account. The documents needed are a copy of any National means of identification, such as your national passport or a driver’s license. The second document you will need to present is proof of residency. This can be done by submitting a utility bill, for example. After submitting the documents and your account is ready, you will receive a mail telling you that you can now trade on your platform. 

Available payment methods for deposit and withdrawals

Available payment methods for deposit and withdrawals on IFC Markets

The available payment methods that are available on the platform are impressive. Whenever traders need to make a deposit or withdrawal, it is necessary that they do so with a payment method. Depending on your payment method, you may be charged when you make deposits or withdrawals.

Some of the payment methods in IFC Markets include the following:

  • Bank transfer
  • Skrill
  • Neteller
  • Visa Card
  • MasterCard
  • Cryptocurrency, e.g., Bitcoin
  • Bitwallet, e.t.c.
→ Sign up for free with IFC Markets now!

(Risk warning: Your capital can be at risk)

How to deposit money – The minimum deposit explained

How to deposit money on IFC Markets

Are you ready to start trading on your IFC Markets’ trading account? Then you will need to fund it with some money. The money you need to deposit into your trading account is $1. Once you deposit, you can make trades as long as you have access to your account. Funds are deposited into the traders’ accounts as soon as they confirm the process. 

To deposit money into your trading account, select the deposit button, and from there, you will have to choose a payment method to fund the account. Once you choose the payment method to fund your trading account, enter the amount you want to be deposited into your trading account. Once you select the deposit key, you will see the money reflect in your account.

Deposit bonus

There is a 30 percent welcome bonus when new traders make their first deposit into their accounts. This is the only available deposit bonus on this broker’s platform. However, they are other bonuses that traders can enjoy on the platform.

→ Sign up with IFC Markets now and receive your deposit bonus!

(Risk warning: Your capital can be at risk)

Withdrawal – How to withdraw your money on IFC Markets

How to withdraw money on IFC Markets

Withdrawal from this broker’s platform takes about 1-4 business days. However, this depends on the withdrawal method you use to cash out. Also, the method being used may attract a fee when withdrawing. For example, a direct bank transfer may attract up to a 5% fee on the amount you want to withdraw. The withdrawal process is just like the deposit. Before withdrawing, you need to choose the amount you want to withdraw. When you have to click the withdraw button on your screen. The money will be reflected in your trading account, whether an e-wallet or your bank account.

Support for traders on IFC Markets

How to contact the broker IFC Markets
How to contact the broker IFC Markets

The broker’s support for traders is a 3 out of 5. Unfortunately, this broker’s customer support is not even available 24 hours a week. They work for just about 13 hours a day during the weekends. However, this broker is able to communicate in more than 10 languages to its customers. The broker’s call support speaks 18 languages. There is also a mail service, live chat, and social media number the traders can contact. But the most effective is the live chat medium.

Another medium for support is the FAQ category. This category is properly set up so the traders can get enough information about the broker. To access it, go to the help section. Their FAQ has answers to how one can open an account, withdraw and deposit money into a trading account, e.t.c. 

→ Sign up for free with IFC Markets now!

(Risk warning: Your capital can be at risk)

Contact info 

  • Phone number – +442039661649
  • Email – [email protected]
  • Website – ifcmarkets.com/en/contact-us
Customer care number:Email:Live chat:Availability:
+442039661649[email protected]Yes, availableThe english support time is from Mon – Fri, 7:00 – 19:00 CET

Educational material – How to learn trading with IFC Markets

How to access the education section on IFC Markets

The platform has many educational materials for traders. One of the first is the Demo account. The demo account is there to help traders to be familiar with the trading platform. Traders can also access the blog that the platform provides. The blog has information on crypto, stocks, when to trade, and market resources to help the traders have enough information about the assets before trading them.

Education section and learning material on IFC Markets

The platform conducts webinars and courses that traders can use to develop their trading skills. The resources are free and have a high value. The FAQ can also help traders learn how to trade and even navigate the platform.

→ Sign up for free with IFC Markets now!

(Risk warning: Your capital can be at risk)

Additional fees on IFC Markets

Traders’ additional fees come from overnight trades and inactivity. Sometimes additional fees may also come from the trader’s payment method to make transactions. The broker has no hidden charges as they have to ensure the traders are trading on a transparent platform.

Available countries and forbidden countries

Since the broker has some regulations that prevent it from operating in some regions, it is not available to all clients that want to trade on its platform.

Some countries that can trade on IFC Markets’ platform include the following:

  1. UK
  2. Nigeria 
  3. South Africa
  4. India 
  5. France 
  6. Saudi Arabia
  7. Denmark e.t.c.

Some unavailable countries include the United States of America, Russia, Japan, e.t.c.

→ Sign up for free with IFC Markets now!

(Risk warning: Your capital can be at risk)

Conclusion – Pros and cons of IFC Markets 

Advantages of IFC Markets

IFC Markets has shown that it has benefits that the traders enjoy while trading on its platform. Part of these advantages is the broker has one of the lowest amounts for deposits in the Forex industry. Having a deposit fee of just $1, it’s a good broker that new traders should consider. The broker also has good trading platforms for the clients to trade in.

The trading platform has over 400 assets that traders can access and use to place trades. Another advantage of this broker is that it has customer support that communicates in more than 16 languages to help traders feel more comfortable.

Awards and trophies of IFC Markets

On the downside, customer support does not seem to operate for long hours like most of the existing brokers own. The broker restricts some clients because they cannot trade on the platform. However, having a good regulatory system is one of the most important advantages of this broker. Traders are secure while trading on IFC Markets’ platform.

→ Sign up for free with IFC Markets now!

(Risk warning: Your capital can be at risk)

Frequently asked questions (FAQs) about IFC Markets:

Is there a referral program on IFC Markets?

Yes, there is a referral program on the broker. When traders invite friends to the platform, they receive a bonus from the person they invited. To refer a friend, click the referral program text button and click on refer a friend. Register to participate in this program and get your referral link. Once you do, you can share it with others on Facebook, WhatsApp, and email. Whenever the person you send the link to registers and acts on the platform, you and the person will get the bonus. It’s an easy way to receive funds into your trading account.

How much does it cost to place a trade on IFC Markets?

The minimum amount to place a trade on the platform is $1. Traders can, however, fund their accounts with even more to trade. The trading fee of this broker is one of the lowest in the Forex industry, making it a good trading platform for beginner traders.

Is IFC Markets a scam or legit? 

The broker is not a scam. IFC Markets was established in 2006, and the broker has not been reported to scam any of its traders. The broker even has regulators that are internationally recognized. These regulators are proof that the broker is legit. If IFC Markets were to act indiscriminately against its traders, the regulators could sanction the broker for the illegality. However, since its establishment, the broker has remained transparent with the clients.

Is IFC Markets safe?

Yes, traders can be sure that this broker is a safe trading platform. The broker must ensure that traders enjoy trading on the platform with the regulations. 

Can I copy trade on IFC Markets?

No, traders cannot perform copy trading. Copy trading is impossible because the platform’s technology does not currently support copy trading. The broker, however, provides its traders with enough trading tools and technical indicators. They help the trader trade easier than just trading without any tools.

Do I need software to access IFC Markets trading platform?

No, you don’t need to download the mobile or desktop application before you can trade on IFC Markets. The broker provides its traders with a WebTrader platform accessible on phone and desktop browsers. The WebTrader platform has the standard assets available to the broker, and tools are accessible to the traders. The WebTrader can also take MetaTrader 4 and 5 and the broker’s platform. It has features that help traders trade properly on the broker.

What is the minimum deposit on IFC Markets?

The minimum deposit for the broker’s platform depends on the account type you are using as a trader. The account types have different features that make one better, so the broker does not offer the same minimum deposit. For the beginner account, the minimum deposit starts from $1. At the same time, the standard account starts at $1000.

Can I withdraw on weekends?

Withdrawal during weekends is impossible because the broker will only process your withdrawal during business days. The time it takes for withdrawals to be processed during the weekday is 1-4 business days. If you cannot withdraw during the weekday, you will have to wait till the next business day to withdraw funds. Also, it is impossible to withdraw during public holidays on IFC Markets, even on a weekday. So make sure you have your fund out before any public holiday date.