Is IFC Markets Good for you? Read the Broker Review

IFC Markets is an online broker that provides clients with a wide range of financial instruments and trading services worldwide. The company offers various trading instruments, including currency pairs, commodities, indices, stocks, and cryptocurrencies through multiple trading platforms, including NetTradeX, MetaTrader 4, and MetaTrader 5.

Is IFC Markets Safe or Scam?

According to the broker, IFCMARKETS. CORP. is incorporated in the British Virgin Islands under registration number 669838 and is licensed by the British Virgin Islands Financial Services Commission (BVI FSC) to carry out investment business.

Market Instruments

IFC Markets provides a wide range of trading instruments to cater to the diverse needs of its clients including currency pairs, precious metals like gold and silver, continuous index CFDs, stock CFDs, and cryptocurrency CFDs.

Trading Platforms

IFC Markets offers traders NetTradeX, the market-leading MT4 and MT5 trading platforms. MT4 and MT5 are the most popular forex trading platforms on the market, and both support iOS, Android, and tablet versions, allowing traders to trade flexibly. NetTradeX is IFC Markets' proprietary trading platform, offering a user-friendly interface and a range of advanced trading tools.

Deposits & Withdrawal

IFC Markets offers a diverse range of deposit and withdrawal options to cater to the needs of its clients. Traders can choose from various methods such as International Bank Transfer, bank cards (Visa/MasterCard), Bitwallet, WebMoney, VISA, IR PAY, TC PAY, vo/et, CRYPTO

Education

IFC Markets places great emphasis on providing educational resources to support traders of all skill levels. Their educational offerings include a variety of materials designed to enhance traders' knowledge and skills. Video tutorials are available, offering step-by-step guidance on various trading topics.

Traders can also benefit from the Trader's Glossary, which contains a comprehensive list of terms and definitions commonly used in the financial markets. For those who seek a more structured learning experience, the IFCM Trading Academy offers courses tailored to different levels of expertise, including beginner, intermediate, and expert.

Customer Support

IFC Markets is committed to providing comprehensive customer support to assist its clients. With 24/7 availability, traders can reach out to the support team through various channels, including 19 languages live chat, phone, email, Skype, WhatsApp, Telegram, Messenger, or by requesting a callback.

WikiFX Review

When we checked the reviews of IFC Markets on WikiFX. We found there are 11 reviews in total, of which 8 are negative, 2 are positive, and 1 is neutral. The reviews tell the whole story. Also regarding the license of the broker, The broker's CySEC license has been revoked, and its FSCA license has expired. It only holds a license from the British Virgin Islands, known for hosting many unregulated FX companies operating globally.

Conclusion

In conclusion, IFC Markets offers a diverse range of trading instruments, multiple trading platforms, and educational resources, providing traders with opportunities for growth and flexibility. The availability of various deposit and withdrawal methods, along with responsive customer support, adds convenience to the trading experience.

However, the lack of regulatory licenses and reports of scams and withdrawal issues raise concerns about the safety and reliability of the broker. Traders should carefully evaluate the risks associated with trading on an unregulated platform and consider alternative options with stronger regulatory oversight.

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