This brokerage firm, like many others, does not charge a commission on forex transactions, and the spread varies depending on the trading pair and size. IFCM provides its clients with different educational resources to perfect skills and gets closer to individual goals. This feature is mostly for new traders and offers them all the details they need to address CFD and Forex confidently. ​Launched in 2006, IFC Markets has emerged as a popular platform for forex and CFD trading. IFC Markets is popular in trading circles for offering high-quality services. The user base has since grown to over 185,000 clients based in more than 80 countries.

Is IFC Markets A Good Broker?

The firm is not publicly-traded but operates a regulatory license in multiple financial hubs across the world. It is incorporated in the British Virgin Islands and licensed by the Financial Services Commission to offer investment services to clients. IFCM is also authorized to operate under the Federal Territory of Labuan (Malaysia). IFC Markets has enjoyed a stellar – if eventful – decade, which has seen the brand enlist thousands of traders online across the world. The trading platform is ever-evolving, improving its services that enabled the broker to celebrate the lengths its users had gone to show their love for IFC Markets.

Fraudulent broker

There’s also no web version, so you must download the software onto your Windows PC or mobile device (iOS and Android supported). I was also particularly disappointed that there is no support for macOS devices. The broker’s professional indemnity insurance and industry awards add some credibility, but do not substitute for the robust protections found under more stringent regulators.

The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. We believe everyone should be able to make financial decisions with confidence. The forex market is one of the biggest financial markets in the world with trade volumes of over $6 trillion. It’s also a very volatile market as well with rapidly changing price action.

Does ifc markets offer email customer support?

There are no custody, withdrawal, or transfer fees, aligning with other CFD-only crypto brokers. Risk management tools are strong, with negative balance protection, stop loss, and two-factor authentication available on platforms like MT4/MT5 and NetTradeX. IFC Markets provides broad market access and significant flexibility, but I consider its security and reliability to be average for Canadian users. The broker operates under a BVI FSC license, which is significantly less stringent than the tier-1 IIROC regulation required for Canadian resident protection. This means clients do not benefit from CIPF coverage or local financial authority oversight, which is a notable downside for those who prioritize maximum regulatory security. Trading financial instruments such as foreign currency markets and other financial instruments involves high risk and is unsuitable for everyone.

• Our testing shows IFC Markets’ MT4 offering works smoothly on Windows, macOS, Android and iOS.
• IFC Markets offers a robust suite of trading platforms, including its proprietary NetTradeX, MT4 and MT5.
• Ifc markets, as a company, has a powerful set of rules for ensuring honest trading on its platform.
• This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring IFC Markets’s platform.
• They are billed for services like depositing money, not investing for lengthy periods, or withdrawals.
• Ifc markets customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.

Other costs include overnight swap/rollover fees, which are transparently published and derived from interbank rates plus a markup. For stock CFDs, commissions start at $0.02 per US share or 0.1% of the order volume for most international equities, with minimum commissions applied depending on the market and platform. IFC Markets’ fee structure is generally transparent and competitive, but our investigations show its cost-effectiveness varies depending on the account type, asset class, and trading style. There are no restrictions on the amount of virtual capital or the duration of use, which is a significant advantage over some brokers that limit demo access to 90 days or less.

Fees, Spreads & Commissions

IFC Markets is a CFD broker with 17 years of experience in the forex industry and over 210,000 clients worldwide. It is regulated by BVIFSC, CySEC, and LFSA, has received 23 international awards, offers insurance, and executes traders’ orders on an ECN. However, it is still an offshore company headquartered in the Virgin Islands, with a presence in Cyprus. Can you trust your funds with such an organization, or is it better to find a more secure intermediary?

When it comes to equity CFDs, IFC Markets presents access to 300+ stocks from the US, Europe, Asia, and selected Canadian listings, alongside 40+ ETF CFDs. This asset diversity allows me to execute global rotation or hedging strategies without needing multiple brokers. For cryptocurrency CFDs, IFC Markets applies variable spreads starting at 0.2%, which is tighter than many other CFD platforms. There are no explicit custody or transfer fees, and overnight fees (swap/rollover) can apply except on Islamic accounts. The absence of direct crypto wallets and lack of transfer functionality means positions are fully speculative, with no withdrawal option in crypto. Compared to other brokers, IFC Markets offers fewer customer support features.

While we found the IFC Markets phone support satisfactory, there is room for improvement in response time. You can trade a wide variety of instruments with IFC Markets over instruments in fact. Very good and your broker is very smart and meticulous because of the analysis that has made our trading quality better and much more successful. If that’s fine, contact your service representative of the Internet Service Provider (ISP) or the LAN administrator.

• Thanks for allowing me join IFC markets, the daily whatsapp signal is really great but prediction levels are not too high and at times comes late.
• When it comes to online trading with brokers like IFC Markets, carefully review IFC Markets as your broker can make or break your success.
• Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.
• Exposure to indices and commodities is competitive, with 14+ major global indices and 20+ commodity CFDs (including energies, metals, and agricultural contracts).
• Using Autochartist can save IFC Markets users time and makes the trading process more efficient.
• One of the standout features of MT4 is its charting functionality, which allows IFC Markets traders to analyze price movements and make informed trading decisions.

The CFD markets have mostly been dominated by the established securities and derivatives markets, and the way liquidity providers have liked to trade and hedge. So, there were only the sophisticated OTC (over-the-counter) derivative brokers who could enact such a kind of pair modification. It will allow you to trade with your own custom-made pairs not only with currencies but different other market instruments in your portfolio. Here, you can compose tradable pairs by selecting a base and a quote part where each part may contain more than one asset from different asset classes.

The worth of the pair will be calculated from the pricing fundamentals of the involved instruments. The process of this customization of asset pairs through their market evaluation is called the Portfolio Quoting Method or GeWorko Method. Besides, through their Portfolio Quoting Method, you can create a portfolio with unlimited assets.

The trader can apply different timeframes to get a better sense of the market direction. This broker includes access to thousands of financial instruments, which can be traded from the chart and order window. A customer can also set price-based alerts for items on their watchlist. For advanced traders, IFC allows them to incorporate other analytical and automation tools, which can be directly integrated into the trading ifc markets review workstation.

What are Tier 1 banks and why should IFC Markets use them?

With a strong focus on delivering a robust trading experience, IFC Markets has become a preferred choice for many traders globally. In this review, we’ll delve into various aspects of IFC Markets to help you understand why it might be the right platform for your trading needs. IFC Markets have a good domain of educational materials for providing you with detailed knowledge on forex and CFD trading. You can learn the basics from their blog and the videos available on their website.