IFC

Overview of IFC

International Financial Centre (IFC), established in 2015 and based in Jordan, is an unregulated entity providing a suite of financial services including financial brokerage with cash basis dealings, margin financing, financial intermediation, and online trading.

The firm offers a demo account, enabling prospective clients to familiarize themselves with its trading platform. Customer support is accessible via phone at +962 6 5621786 or through email at info@ifc.com.jo.

Additionally, IFC commits to educating its clients by providing educational resources such as circulars and market news, aiming to enhance their trading knowledge and decision-making skills.

Is IFC Legit or a Scam？

International Financial Centre (IFC), based in Jordan, operates as an unregulated financial entity, meaning it does not fall under the oversight of any financial regulatory authority.

Pros and Cons

Pros:

1. Diverse Services: International Financial Centre offers a range of services including financial brokerage, margin financing, and online trading, meeting various financial needs and preferences of clients.

2. Demo Account Availability: The availability of a demo account allows potential clients to experience the platform and its services without any financial risk, providing a valuable learning tool and helping users make informed decisions.

3. Educational Resources: IFC provides educational materials such as circulars and market news, which can be beneficial for clients looking to expand their knowledge and stay informed about market trends.

4. Customer Support: With dedicated phone and email support, IFC ensures that clients can receive assistance and have their queries addressed, enhancing the overall customer service experience.

5. Accessibility: The online trading platform offers clients the convenience to access and manage their investments from anywhere, providing flexibility and control over their financial activities.

Cons:

1. Unregulated: The lack of regulation is a significant drawback, as it may affect the companys accountability and the safety of client assets, potentially increasing the risk of unfair practices.

2. Market Risk: The focus on services like margin financing and online trading inherently carries higher market risks, which will not be suitable for all investors, particularly those with a low-risk tolerance.

3. Limited Global Reach: Being based in Jordan, IFC will not have the same level of global presence or recognition as some regulated international financial institutions, which could limit its appeal to a broader audience.

4. Transparency Concerns: Without regulatory oversight, there could be concerns about the transparency of IFC's operations, pricing, and the fairness of its trading practices.

5. Potential for Limited Recourse: In the absence of regulatory oversight, clients will have limited recourse in the event of disputes or issues with the services provided by IFC, which could lead to challenges in resolving such matters effectively.

Products & Services

International Financial Centre specializes in providing comprehensive securities trading services, focusing exclusively on shares listed on the ASE Stock Exchange. Their services include:

1. Financial Brokerage - Dealing on a Cash Basis: This service allows clients to buy and sell shares using the funds available in their accounts, offering a straightforward approach to securities trading without leveraging additional funds.

2. Financing on Margin: IFC also offers margin financing, enabling clients to borrow funds to purchase shares, thereby potentially amplifying their investment capacity and the potential for higher returns, albeit with increased risk.

The center prides itself on delivering high-quality service in the execution of buy and sell orders for shares, backed by a team of highly trained and professional brokers.

How to Open an Account？

To open an account with the International Financial Centre, follow these three straightforward steps:

1. Contact IFC: Reach out to the International Financial Centre via their provided contact details. You can either call them at +962 6 5621786 or send an email to info@ifc.com.jo to express your interest in opening an account and request the necessary forms and information.

2. Submit Required Documentation: Complete the application forms provided by IFC and gather all necessary documentation. This typically includes identification documents, proof of residence, and possibly financial records to comply with know-your-customer (KYC) requirements. Submit these documents to IFC for review and verification.

3. Await Approval and Activation: Once your application and documents are submitted, IFC will review your application. After your account has been verified and approved, you will receive instructions on how to fund your account and start trading, as well as how to access and use their trading platform.

Customer Support

The customer support for the International Financial Centre, located in the Housing Bank Complex in Amman, can be reached through the following means:

• Phone: Customers can call +962 6 5621786 to speak directly with a customer support representative for assistance, inquiries, or support related to the services offered by the International Financial Centre.

• Email: For less urgent queries or for those who prefer written communication, IFC can be contacted at info@ifc.com.jo. This channel can be used for detailed inquiries, document submissions, or for seeking assistance with account-related issues.

Educational Resources

The International Financial Centre offers a range of educational resources in English to enhance the knowledge and understanding of its clients and the public about the financial markets, particularly focusing on the Amman Stock Exchange (ASE). These resources include:

1. Market News: Updates and insights on the latest happenings in the financial markets, including summaries, trends, and significant events that impact the market.

2. Weekly Trading Summary: A comprehensive review of trading activities on the ASE, providing a snapshot of market movements, stock performance, and other key trading statistics.

3. Investment Guide: Issuance of investment guides at the Amman Stock Exchange offers valuable information for investors, detailing how to navigate the market, understand stock performances, and make informed investment decisions.

4. Circulars: A series of circulars provide updates on regulatory changes, operational adjustments, and significant announcements that affect trading and market operations. These include extensions of deadlines for data provision, suspensions of trading on special occasions, listing of new bond issues, and updates on company-specific information such as name changes or trading suspensions.

Conclusion

The International Financial Centre offers a wealth of educational resources focusing on the Amman Stock Exchange (ASE), providing clients and the broader public with updated market news, weekly trading summaries, investment guides, and an array of informative circulars.

FAQs

Question: What kind of market news does the International Financial Centre provide？

Answer: The Centre provides comprehensive updates on market trends, stock performances, significant financial events, and insights into the Amman Stock Exchange's activities.

Question: Can I get a weekly summary of trading activities？

Answer: Yes, the International Financial Centre offers weekly trading summaries that include detailed analyses of market movements, stock performances, and trading statistics on the ASE.

Question: What is the Investment Guide at the Amman Stock Exchange？

Answer: The Investment Guide provides detailed information and guidance for investors on navigating the ASE, understanding market dynamics, and making informed investment decisions.

Question: Are there any resources available regarding regulatory changes in the ASE？

Answer: Yes, the Centre provides various circulars that inform about regulatory changes, operational adjustments, and other significant market-related announcements.

Question: How can I access these educational resources？

Answer: These resources are typically available through the International Financial Centre's website or directly from the ASE.