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IFS Markets -

Score

1.54 /10
Danger

IFS Markets

Australia

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.ifsmarkets.com

Benchmark

A

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Comparison

Quantity 21

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.24

Risk Management Index0.00

Software Index4.00

License Index0.00

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

Licenses

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

Single Core

1G

40G

open now

Regulatory disclosure

Danger

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2022-02-02
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Broker Information

More

Company Name

IFS Markets

Company Abbreviation

IFS Markets

Platform registered country and region

Australia

Company website

Facebook

YouTube

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 20 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

IFS Markets · Benchmark
Average transaction speed(ms)
503.9
The highest transaction speed(ms)
297 Poor
The highest speed of opening positions(ms)
297
The highest speed of closing position(ms)
296
The lowest speed of opening positions(ms)
1027 Great
The lowest speed of closing position(ms)
547 Great
Ranking： 76 / 125
Test user 147
Transactions 7,865
Ocuppied margin $1,783,710 USD
Data Source WikiFX Data provide
Updated: 2024-12-20 01:12:00

Exposure

21 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Scam

The fraud company has given no withdrawal anymore.

2020-05-28 20:43
Unable to Withdraw

High taxes

I had to pay high taxes before withdrawing. I gained 50,000 but the taxes totaled 15,000.

2021-07-22 22:00
Unable to Withdraw

Reject my withdrawal applications for four months

I have been withdrawing funds for four months, and have been saying to switch to a third-party payment platform, and have been rejecting the withdrawal

2021-01-30 00:07
Unable to Withdraw

IFS Markets scam.

I am so stupid that they cheated me to deposit funds. When I wanna withdraw funds, they said the withdrawal process in Taiwan was so strict! In the end, I paid the margin and my account was frozen. This fraud called himself Yao Zhang!

2021-03-30 21:45
Unable to Withdraw

The fraud cheats me into investing

I wanna withdraw funds. But the customer service said I hadn't invested.

2021-05-06 06:13
Resolved

I can not log in

Today, the authorization failed. It was possible to log in before, and the customer service information is not returned.

2021-11-05 17:24
Scam

Scammer

A friend introduced me IFS Markets and I deposited on it. At first I gained a lot but then I was unable to withdraw. I found it was a scam and I lost 142,000.

2021-09-20 17:41
Severe Slippage

Unavailable withdrawal and slippage led to forced liquidation

On March 26th, there was a 1000-pip slippage with IFS Markets , which hadn’t occurred in other platforms, leading to forced liquidation. Only by trading to a certain lot, can I get the compensation. But during the later trading process, I figured out that the compensation couldn’t be used for trading. Meanwhile, the margin portion was also fake, what I lost is my fund, leading to account liquidated again. Hope you take heed on it and avoid being cheated.(I made a loss of at least 100 thousand RMB)

2020-03-30 17:41
Scam

After downloading the APP and making profits,I couldn’t make a withdrawal.

Having traded in the platform, I couldn’t withdraw fund and profit both.

2020-02-16 09:57
Unable to Withdraw

There is only a few balance left, but the customer service forced customer to deposit 10000 TWD. Now, the website cannot be logged in. The customer service it will be availiable on Monday in Taiwan

I do not know if I should believe what customer service said. I just hope that Taiwan platform can be restored and logged in regularly.

2022-01-12 03:36
Unable to Withdraw

The withdrawal did not arrive in the account for a week, there was no reply to the email and said that there was abnormal transaction.

IFS Markets has been withdrawing money for a week. They send me an email saying that there is an abnormal transactions and have not answered anymore. MT4 can't be traded. No money has been given.

2021-12-13 15:18
Unable to Withdraw

IFS Markets won’t let me withdraw less than a month after I deposited. They blocked me.

They induced me to deposited 2000$ last month 16th. I transferred money to a personnel account. After two hours, I saw my 2000$ balance on the website. They told me the platform is legit and regulated by ASIC. I traded as they asked. Later I found their spread for gold is 100$, and their people manipulated my account all the time. I tried to withdraw, but they told me it needs 15 days. When I came back from business trip and applied for a withdrawal again, I found I was blocked and my account was banned. Don’t get yourself fooled!

2019-11-11 20:28
Others

IFS app cannot be opened

I cannot open IFS app since this afternoon. Has anybody encountered the same situation?

2022-01-03 19:41
Unable to Withdraw

It is so hard that I want to see the Taiwan platform maintance well?

The attitude of Taiwan customer service is really poor. I already answered the message, but the customer service does not response to me for many days.

2022-01-15 16:25
Unable to Withdraw

Unable to withdraw in scam platform

After I downloaded the APP and made a profit, the platform gave no access to withdrawal with the excuse of wrong bank information and asked me to deposited and to pay individual tax. Now the withdrawal is unavailable.

2020-02-16 00:36
Unable to Withdraw

Scam. Unable to withdraw.

I want to withdraw 300,000 USD. It said that my account was blocked and ask me to deposit 300,000 USD. It promised to complete the withdrawal in August. I asked about taxes but it said there was no tax. Several days later, it told me to deposit 90,000 USD because of high tax and other reasons. The balance in my account totalled 1,400,000 USD. I received a message that I was suspected to launder money with foreign assets. My account was going to be blocked. My friend encountered the same situation as me. They refused to provide any certified information or take the responsibility. Please do not trust IFS Markets.

2021-07-31 02:42
    IFS Markets · Company summary

    Note: IFS Markets's official website: https://www.ifsmarkets.com/ is currently inaccessible normally.

    IFS Markets Review Summary
    Founded2023
    Registered Country/RegionAustralia
    RegulationSuspected Fake Clone
    Market InstrumentsForex, Indices, Commodities
    Demo AccountNot Mentioned
    LeverageUp to 1:400
    SpreadStarting from 0.0 pips
    Trading PlatformMeta Trader 4
    Min Deposit$100

    IFS Markets Information

    IFS Markets is an online forex and commodities trader, founded in 2008 and is headquartered in Sydney, Australia. IFS Markets offers many tradable instruments including forex, indices, commodities, etc, via its Standard Account or the Professional Account. It has a high leverage of up to 1:400. However, it is a Suspected Fake Clone.

    Pros and Cons

    ProsCons
    • No commissions for the standard account
    • Suspected Fake Clone
    • High leverage up to 1:400
    • High minimum deposit of $100
    • Support MT4

    Is IFS Markets Legit?

    IFS Markets had a Market Making(MM) regulated by the Australian Securities and Investments Commission (ASIC) in Australia with a license number of 323193, but currently, it is a Suspected Fake Clone.

    Regulatory StatusSuspected Fake Clone
    Regulated byAustralia
    Licensed InstitutionFTX AUSTRALIA PTY LTD
    Licensed TypeMarket Making(MM)
    Licensed Number323193
    Is IFS Markets Legit?
    Is IFS Markets Legit?

    What Can I Trade on IFS Markets?

    The company provides investors with popular tradable instruments including forex (providing 45 pairs of various mainstream and cross-currency exchanges), indices (from 14 popular stock indices on the world's largest stock market), commodities (gold, silver, crude oil), etc.

    Tradable InstrumentsSupported
    Forex✔
    Commodities✔
    Indices✔
    Cryptocurrency❌
    Shares❌
    Metals❌

    Account Type

    IFS Markets provides two types of accounts, including the Standard Account and the Professional Account for clients. The minimum deposit for Standard Accounts is $100, and the minimum deposit for Professional Accounts is $300.

    Leverage of IFS Markets

    IFS Markets's maximum leverage available for forex products ranges from 1:1 to 1:400. For gold, the maximum leverage is 1:100, while for silver, it's 1:50.

    IFS Markets Fees

    IFS Markets's standard account does not charge commissions, only the spread fee, and the main spread starts at 1.1 pips. The spread of the pro accounts starts at 0 pips, and $7 will be charged per 10,000 contracts. Swap rates are a cost. See the following swap rates table:

    ITEMLONGSHORT
    EURUSD$5.28$0.20
    GBPUSD$5.27$3.86
    AUDUSD$3.65$2.79
    USDJPY$2.12$4.50

    Trading Platform

    Trading PlatformSupportedAvailable DevicesSuitable for
    Meta Trader 4✔PC and MobileInvestors of all experience levels

    Deposit and Withdrawal

    IFS Markets charges a minimum deposit of $100. The fees of IFS Markets depend on the Deposit/Withdrawal Options you choose. You can refer to the table for details.

    Deposit/Withdrawal OptionsFeesProcessing Time
    Credit/Debit Cards (AUD, USD, JPY, EUR, NZD, BGP, CAD, SGD)2% deposit feeInstant
    Online Banking (RMB, THB, IDR, MYR, VND)Free1-2 business days
    Wire Transfers (AUD, USD, SGD, BGP, EUR)Free2-5 business days
    E-wallets (Skrill, NETELLER, Fasapay)Varying feesVarying processing times
    Bitcoin1.5% feeInstant

    User Reviews

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    User comment

    4

    Comments

    Write a review

    百丽008号会员
    more than one year
    the so-called ASIC license of IFS markets is totally a fake one, and the company itself is also a scammer! please make sure that your money is in safe hand...
    the so-called ASIC license of IFS markets is totally a fake one, and the company itself is also a scammer! please make sure that your money is in safe hand...
    Translate to English
    2023-02-16 09:59
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    0
    0
    大头兔
    more than one year
    ¡Necesito ayuda! ! He sido estafado por IFS Markets por casi diez mil dólares, y ahora ellos no responden a mis mensajes. Realmente necesito el dinero, ¿puede wikifx ayudarnos a las víctimas a recuperar los fondos defraudados?
    ¡Necesito ayuda! ! He sido estafado por IFS Markets por casi diez mil dólares, y ahora ellos no responden a mis mensajes. Realmente necesito el dinero, ¿puede wikifx ayudarnos a las víctimas a recuperar los fondos defraudados?
    Translate to English
    2022-12-01 10:06
    Reply
    0
    0
    21