IFE MARKETS

General Information & Regulation

IFE MARKETS says it is founded in 2009 and registered in Seychelles as part of the globally acclaimed and renowned Global Investment House (IBC) group. The broker claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:400 and floating spreads on the X-Web and X-Mobile trading platforms, as well as a choice of three different live account types. Here is the home page of this brokers official site:

As for regulation, it has been verified that IFE MARKETS does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.33/10. Please be aware of the risk.

Market Instruments

IFE MARKETS advertises that it offers access to a wide range of trading instruments in financial markets which include forex, metals, commodities and other CFDs.

Account Types

Apart from demo accounts, IFE MARKETS claims to offer three types of live trading accounts - X-Standard, X-Premium and X-Pro, with minimum initial deposit requirements of $200, $2,000 and $5,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the X-Standard account can experience a leverage of 1:200, while the X-Premium and X-Pro accounts can enjoy the maximum leverage of 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

IFE MARKETS claims that the spread differs depending on the account types. For example, the X-Standard account has Standard spreads, the X-Premium account has Premium spreads and the X-Pro account has Pro spreads (lowest).

Trading Platform Available

Platforms available for trading at IFE MARKETS are X-Web and X-Mobile. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

IFE MARKETS says to work with numerous means of deposit and withdrawal choices, consisting of Bank Transfer, credit/cards such as Visa and MasterCard, and Neteller. The minimum initial deposit requirement is said to be $200, while there is no mention of what the minimum withdrawal amount is. Withdrawals via international bank transfers may incur bank transfer charges of about $20 (depending on the country).

As for the processing time of withdrawal requests, the broker says it aims to process the withdrawals in a maximum of 7 working days though in most cases clients receive the funds much earlier. This is also dependent on the country and method of withdrawal since international bank wire transfers may take longer than local transfers.

Bonuses

IFE MARKETS claims to offer a Refer a Friend Bonus for different account types. Specifically, a $35 bonus for the X-Standard account, $50 for the X-Premium account and $100 for the X-Pro account.

In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.

Customer Support

IFE MARKETS‘ customer support can be reached by telephone: +44 2033181550, email: support@IFEMarkets.com or send messages online to get in touch. You can also follow this broker on social networks such as Skype, Twitter and Facebook. Head office address: Global Investment House Limited, Suite 3 Jivan’s Complex, Mont Fleuri Mahe, Seychelles.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.