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IFC Markets -

Regulated

Score

5.04 /10

Average

IFC Markets

Item: IFC Markets
Rating: 5.04

Cyprus

5-10 years

Regulated in Malaysia

Straight Through Processing (STP)

MT4 Full License

Global Business

Cyprus Common Financial Service License Revoked

Suspicious Overrun

High potential risk

Offshore Regulated

https://www.ifcmarkets.com

Influence

Add brokers

Comparison

Quantity 8

Exposure

Open Account

Website

Score

Regulatory Index5.87

Business Index7.68

Risk Management Index0.00

Software Index9.80

License Index4.29

The WikiFX Score of this broker is reduced because of too many complaints!

Open Account

Website

Licenses

LFSA Regulated

STP

FSCA Exceeded

Financial Service Corporate

CYSEC Revoked

Common fin.

FSC Offshore Regulated

Retail Forex License

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

open now

Broker Information

Company Name

IFCM CYPRUS LIMITED

Company Abbreviation

IFC Markets

Platform registered country and region

Cyprus

Company website

https://twitter.com/IFCMGroup

Facebook

https://www.facebook.com/IFCMarketscom

Instagram

https://www.instagram.com/ifc.markets/

YouTube

https://www.youtube.com/user/ifcmarkets

https://www.linkedin.com/company/ifc-markets

16136864362
35722000149

Company summary

Pyramid scheme complaint

Expose

IFC Markets · Company summary

IFC Markets Review Summary
Registered On	2005
Registered Country/Region	Cyprus
Regulation	LFSA (Regulated), FSC (Offshore), FSCA (Exceeded), CYSEC (Revoked)
Market Instruments	Forex, stocks, futures, precious metals, cryptocurrencies, ETFs, indices, and commodities
Demo Account	✅
Leverage	Up to 1:400
Spread	Fixed (from 1.8 pips)
	Floating (from 0.4 pips)
	ECN (from 0.0 pip)
Trading Platform	MT4/MT5, and NetTradeX
Minimum Deposit	1 USD
Customer Support	support@ifcmarkets.com
	+442039661649/+447723581740 (Great Britain)
	+16136864362 (Canada)
	+27213002005 (South Africa)
	Facebook, Instagram, Twitter, LinkedIn, YouTube, Telegram, Live Chat, and WhatsApp
	Address: 1-31 Yekmalyan Street, 0002 Yerevan, Armenia

IFC Markets Information

IFC Markets is an online trading platform. It offers over 650 CFDs (Contracts for Difference) and forex instruments across 8 categories, including stocks, cryptocurrencies, indices, and precious metals. With leverage of up to 1:400, flexible account types (MT4/MT5/NetTradeX), support for low spreads (as low as 0.0 pips), and diverse payment methods, it caters to both beginners and traders seeking low entry barriers.

Pros and Cons

Pros	Cons
Regulated	Exceeded and revoked licenses
Over 650 trading instruments	Fees charged
Flexible account types
MetaTrader 4/5 available
Multiple payment methods
Low minimum deposit of $1
Promotions offered

Is IFC Markets Legit?

IFC Markets has basic compliance and holds a financial license issued by the BVI FSC (regulation number: SIBA/L/20/1133). In addition, LFSA regulates the broker with the license number MB/20/0049.

Regulated Authority	Current Status	Regulated Country	License Type	License Number
Labuan Financial Services Authority (LFSA)	Regulated	Malaysia	Straight Through Processing (STP)	MB/20/0049
British Virgin Islands Financial Services Commission (FSC)	Offshore Regulated	The Virgin Islands	Retail Forex License	SIBA/L/14/1073
Financial Sector Conduct Authority (FSCA)	Exceeded	South Africa	Financial Service Corporate	51818
Cyprus Securities and Exchange Commission (CYSEC)	Revoked	Cyprus	Common Financial Service License	147/11

What Can I Trade on IFC Markets?

IFC Markets offers traders 8 categories of financial instruments, including over 650 CFD and forex, specifically gold instruments and CFDs on stocks, futures, precious metals, cryptocurrencies, ETFs, world indices, and commodities.

Tradable Instruments	Supported
Forex	✔
Precious Metals	✔
Indices	✔
Stocks	✔
Cryptos	✔
Commodities	✔
Futures	✔
ETFs	✔

Account Type

The platform offers three major series of accounts: MT4, MT5, and NetTradeX. Each account also provides a demo account for testing strategies. Additionally, some traders can choose Islamic swap-free accounts.

NetTradeX

	Standard	Beginner	Demo
Leverage	1:1 - 1:200	1:1 - 1:400	1:1 - 1:400
Spread	Fixed from 1.8 pipsFloating: from 0.4 pips	Fixed from 1.8 pipsFloating: from 0.4 pips	Fixed from 1.8 pipsFloating: from 0.4 pips
Minimum Deposit	1000 USD \| 1000 EUR \| 100000 JPY	1 USD \| 1 EUR \| 100 JPY	0

MT4

	Standard	Micro	Demo	PAMM
Leverage	1:1 - 1:200	1:1 - 1:400	1:1 - 1:400	1:1 - 1:200
Spread	Fixed from 1.8 pips	Fixed from 1.8 pips	Fixed from 1.8 pips	Fixed from 1.8 pips
Minimum Deposit	1000 USD \| 1000 EUR \| 100000 JPY	1 USD \| 1 EUR \| 100 JPY	0	100 USD

MT5

	Standard	Micro	Demo	PAMM	Standard-ECN	Demo-ECN
Leverage	1:1 - 1:200	1:1 - 1:400	1:1 - 1:400	1:1 - 1:200	1:1 - 1:200	1:1 - 1:200
Spread	Floating: from 0.4 pips	Floating: from 0.4 pips	Floating: from 0.4 pips	Floating: from 0.4 pips	From 0.1 pips	From 0.1 pips
Minimum Deposit	1000 USD \| 1000 EUR \| 100000 JPY	1 USD \| 1 EUR \| 100 JPY	0	100 USD \| 100 EUR \| 10000 JPY	1000 USD \| 1000 EUR \| 100000 JPY	0

IFC Markets Fees

Spread costs:

Fixed spread accounts: From 1.8 pips (e.g., MT4 Standard-Fixed).

Floating spread accounts: From 0.4 pips (e.g., MT5 Standard-Floating).

ECN accounts: From 0.1 pips.

Leverage

The platform offers a maximum leverage of 1:400 (e.g., MT4 Micro-Fixed account), suitable for experienced traders with a high risk tolerance.

Trading Platform

IFC Markets offers the popular MetaTrader 4 and 5, supporting all devices (PC, Web, Mac, iOS, Android), and providing EA automated trading, technical analysis tools, and multi-account management functions (such as MultiTerminal). The broker also provides its self-developed trading software NetTradeX, suitable for professional traders, with multi-device adaptation for Windows, iOS, and Android.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	PC, Web, macOS, mobile	Beginners
MT5	✔	PC, Web, macOS, mobile	Experienced Traders
NetTradeX	✔	PC, mobile	/

Deposit and Withdrawal

Deposit Method	Processing Time	Minimum Deposit	Deposit Fee
International Bank Transfer	2-3 working days	$100 / €100	Your bank's fee
Bank cards	Instantly	$100 / €100 / ¥10,000	None
Mobile Money/M-Pesa	Instantly	$5 / €5	None
African Local Bank	Instantly	$5 / €5	None
Crypto Currencies	Instantly	$20 / €20 / ¥2,000 / 800 uBTC	None
VSHARG	5-30 minutes	$10 / €10 / ¥1,500 / 100 uBTC	None
IRPAY	5-10 minutes	$10 / €10 / ¥1,500 / 100 uBTC	None
TopChange	Instantly	$1	None
Bitwallet	Instantly	$10 / €10 / ¥1,000	None
WebMoney	Instantly	$1	20%
ADVCash	Instantly	$1 / €1	None
Domestic Transfer	Within 1 hour	$20 / €20	None

Withdrawal Method	Processing Time	Minimum Withdrawal	Withdrawal Fee
Bank Transfer (Wire Transfer)	2-3 working days	$50 / €50	Your bank's fee + £20
Bank Card	1-5 business days	$10 / €10 / ¥5,000	Varies
VSHARG	Up to 1 working day	$10 / €10 / ¥1,500 / 100 uBTC	None
IRPAY	Up to 1 working day	$10 / €10 / ¥1,500 / 100 uBTC	None
TopChange	Several minutes	$1	2%
Bitwallet	Several minutes	$1 / €1 / ¥100	¥100 per transaction + ¥824 (bank transfer)
WebMoney	Several minutes	$1	0.8% (max $50)
Crypto Currencies	< 1 working day	$20 / €20 / ¥2,000 / 800 uBTC	Varies
ADVCash	A few minutes	$1 / €1	0.5%
Mobile Money / M-Pesa	< 1 working day	$5 / €5	$1-$2 / €1-€2
African Local Bank	< 1 working day	$5 / €5	$1-$2 / €1-€2
Domestic Transfer	< 1 working day	$10 / €10	1.8% - 3.5%
Internal Transfer (Own Accounts)	Several minutes	$1 / €1 / ¥100 / 50 uBTC	None
Other Payment Systems	Several minutes	-	Depends on the system

Promotions & Contests

Foreign exchange promotions and competitions offer an annual interest rate of up to 7% on available margin. Past prizes have included Tesla cars, 5-ounce gold bars, and more.

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WikiFX Risk Alerts 6

Previous Detection : 2025-06-04

The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

A Visit to IFC MARKETS in Cyprus – No Office Found

The survey team went to Cyprus to visit broker IFC MARKETS as scheduled, but did not find the company’s office at its regulatory address. Accordingly, it is suggested that investors should be meticulous in choosing the broker.

Danger

Cyprus

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Benchmark	--
Maximum Leverage	1:200
Minimum Deposit	--
Minimum spread	From 0.1
Products	--

Currency	--
Minimum position	0.1
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	0.005%

Exposure

8 pieces of exposure in total

Pyramid scheme complaint

Expose

Scam

G

Stupid

2020-08-01 13:27

Others

GOT SCAMMED IFC MARKET

I deposited 62,888 BUT THEY HAVE DIS ACTIVATE MY ACCOUNT I CANT DO ANY THING WITH IT DONT INSVEST WITH THEM.

2021-09-14 13:45

Scam

IFC closed my account and rejected my deposit

I am opening this case against IFCMarkets Broker I opened a live account with this broker and funded my account via webmoney with the amount of 2000$ (13th Jan 2021 ) and I also received 600$ bonus after only 12 hours I found out that my account has been blocked and I received an email that my account has been closed because of Arbitrage !!!! the note is that I did not open any trade on my account at all !!!! the most important note in this case is that IFCMarkets blocked.

2021-09-29 22:22

Scam

Scammed $2,000 out of me!

I opened a live account with this broker and funded my account via WebMoney with an amount of $2,000 , and then I received a $600 bonus. After only 12 hours, I found out that my account had been blocked and received an email claiming that my account had been closed because of Arbitrage! But I did not open any trade on my account at all. The most important note, in this case, is that the broker has blocked my whole balance and they did not allow me to withdraw my initial deposit ($2,000). They referred me to section 5.2 of the client agreement and claimed that they had the right to block my account, ALL of my balance, and even my INITIAL DEPOSIT! I really can not understand what is going on here...I even did not open any trade on my account. This clearly is a SCAM!!!

2021-09-02 17:53

Scam

no withdrawal my mony

ok no withdrawal not

2023-03-03 02:46

Unable to Withdraw

Cannot withdraw !!!

I am opening this case against IFCMarkets BrokerI opened a live account with this broker and funded my account via webmoneywith the amount of 2000$ and I also received 600$ bonusafter only 12 hours I found out that IFCMarkets blocked my whole balance andthey are not allowing my to make withdrawal my Initial deposit ( 2000$ )

2021-09-13 22:58

Scam

Deposited for the bonus, but account was blocked immediately

I opened a live account with this broker and funded my account via WebMoney with an amount of $2,000, and then I received a $600 bonus. After only 12 hours, I found out that my account had been blocked and received an email claiming that my account had been closed because of Arbitrage! But I did not open any trade on my account at all. The most important note, in this case, is that the Broker blocked my whole balance and they did not allow me to withdraw my initial deposit ($2,000). They referred me to section 5.2 of the client agreement and claimed that they had the right to block my account, ALL of my balance, and even my INITIAL DEPOSIT! I really can not understand what is going on here...I even did not open any trade on my account. This clearly is a SCAM!!!

2021-09-14 16:52

Unable to Withdraw

The money in my account is withdrawn by others

I have been using this platform for nearly 6 years. Although the delay has been fixed for more than 3 seconds, but I don’t trade much, I deposit and withdraw funds occasionally, and use it as a stock hedging. I lost a total of 30,000 US dollars on this platform, and it doesn’t matter if I lose. Recently, I used EA to place orders with friends. I only traded once every 20-30 minutes, and I got a few thousand dollars back. Last week, 2 accounts closed with more than $10,000. Yesterday Monday night, I found out that the funds in my account were applied for withdrawal. A total of $11,100, and now there are only a few thousand left. I checked the records and asked about customer service. He said that the funds were withdrawn to the BTC wallet, but I clearly did not apply for deposits in BTC or other digital currencies before, and I did not accept the withdrawal of funds in this way. They just said my member center password, they didn't give me the record IP of the application, they just said it was a different country. I have 100,000 doubts in my heart, why would someone withdraw money from my account if I recover a little bit? Why did the platform process the withdrawal application without confirming the wallet address? Emailed them CS, but still no reply ‧ Even if the password was stolen, reset should be fine, now they suspended my login and didn't send me daily transaction records. I am very concerned about the safety of my funds.

2022-04-19 08:04

IFC Markets · Company summary

IFC Markets Review Summary
Registered On	2005
Registered Country/Region	Cyprus
Regulation	LFSA (Regulated), FSC (Offshore), FSCA (Exceeded), CYSEC (Revoked)
Market Instruments	Forex, stocks, futures, precious metals, cryptocurrencies, ETFs, indices, and commodities
Demo Account	✅
Leverage	Up to 1:400
Spread	Fixed (from 1.8 pips)
	Floating (from 0.4 pips)
	ECN (from 0.0 pip)
Trading Platform	MT4/MT5, and NetTradeX
Minimum Deposit	1 USD
Customer Support	support@ifcmarkets.com
	+442039661649/+447723581740 (Great Britain)
	+16136864362 (Canada)
	+27213002005 (South Africa)
	Facebook, Instagram, Twitter, LinkedIn, YouTube, Telegram, Live Chat, and WhatsApp
	Address: 1-31 Yekmalyan Street, 0002 Yerevan, Armenia