IFC Markets Spreads, leverage, minimum deposit Revealed

IFC Markets Review Summary
Founded	2006
Registered Country/Region	Malaysia
Regulation	LFSA, FSC (Suspicious Clone)
Market Instruments	Currency pairs, precious metals, cryptocurrency CFDs etc.
Demo Account	Available
Leverage	Up to 1:400
EUR/USD Spreads	1.8 pips
Minimum Deposit	0
Trading Platforms	NetTrade X, MT4, MT5
Customer Support	Phone, email, social media

What is IFC Markets？

　　IFC Markets, established in 2006, is a financial trading platform headquartered in Malaysia. It operates under the regulation of LFSA and FSC, though there are suspicions regarding the authenticity of its FSC license. The platform provides its users a wide range of market instruments to trade, including currency pairs, precious metals, and cryptocurrency CFDs. New users can familiarize themselves with the platform through its available demo account. IFC Markets offers a leverage of up to 1:400, with EUR/USD spreads at 1.8 pips. They have multiple trading platforms for users to choose from, including NetTrade X, MT4, and MT5. For any assistance, customers can reach out to their support team via phone, email, or social media (Twitter, Instagram, Linkedin).

Pros & Cons

Pros	Cons
• 17-year experience in global financial markets	• Suspicious regulation by FSC
• 650+ trading instruments	• Limited leverage compared to some competitors
• Instant execution	• Restricted access in certain countries
• No hidden commission

Pros:

　　• 17-year experience in global financial markets: IFC Markets has been in operation for nearly two decades, indicating a deep understanding and expertise in navigating the financial markets.

　　• 650+ trading instruments: This extensive range offers traders a diverse selection, aiding in portfolio diversification and alignment with individual trading strategies.

　　• Instant execution: Ensures immediate order fulfillment, particularly vital in fluctuating markets where prices can shift swiftly.

　　• No hidden commission: A transparent pricing structure aids traders in precisely determining their potential costs and profits.

Cons:

　　• Suspicious regulation by FSC: Doubts surrounding a platform's regulatory status can be concerning. Proper regulation guarantees that the broker adheres to lawful and ethical standards, safeguarding traders from potential malpractices.

　　• Limited leverage compared to some competitors: While IFC offers up to 1:400 leverage, some competitors might offer even higher leverage, which could appeal to certain risk-seeking traders.

　　• Restricted access in certain countries: IFC Markets caters to most international traders.Traders from Japan or Russia will not be able to access or use the platform, limiting its global reach.

Is IFC Markets Safe or Scam？

　　IFC Markets is regulated by the Labuan Financial Services Authority (LFSA) in Malaysia with MB/20/0049 license number.

　　IFC Markets was also regulated by the British Virgin Islands Financial Services Commission (LFSA) a retail forex license. However, the credibility of this license is not guaranteed.

　　As with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

Market Instruments

　　IFC Markets boasts a comprehensive and diverse array of market instruments, catering to the varied needs of its global clientele. From traditional forex trading to innovative cryptocurrency CFDs, the platform provides multiple avenues for potential investment. Here are some examples of the instruments available:

Currency Pairs Trading

　　The Forex segment at IFC Markets features traditional instruments for this market, such as currency pairs. These pairs express the value of one currency in terms of another.

Precious Metals CFD Trading

　　Precious metals, notably gold, have consistently been viewed as reliable assets during market crises and periods of high volatility.

World Indices CFD Trading

　　Instruments in this category allow traders to engage with indices from leading stock exchanges. The pricing of these instruments is set in the local currency of each specific index.

Online Stock CFD Trading

　　This segment comprises CFDs on highly liquid stocks from companies listed on major global stock markets.

Online Cryptocurrency Trading - Cryptocurrency CFDs

　　Cryptocurrency CFDs enable traders to speculate on cryptocurrency values without directly owning the underlying asset. Cryptocurrencies are traded against standard currencies, e.g., ETHUSD for Ethereum. A distinct advantage is that there's no need for a cryptocurrency exchange account or a bitcoin wallet. IFC Markets sources cryptocurrency prices from reputable exchanges and futures prices for assets like Bitcoin and Ethereum.

Accounts

　　IFC Markets not only offers demo accounts for prospective traders to familiarize themselves with the platform but also provides an extensive range of benefits when one opts to open an online trading account. With a single account, traders gain access to an impressive suite of over 650 trading instruments, complemented by optimal conditions that include instant execution and remarkably low spreads starting from 0.4 pips. Moreover, the platform ensures quick and trustworthy withdrawal and deposit options, with transaction amounts starting as low as $1. Furthermore, users can trade with confidence knowing that IFC Markets is both regulated and licensed by the BVI FSC.

Leverage

　　IFC Markets provides traders with the ability to maximize their trading potential through the use of leverage. Leverage is a powerful tool that allows traders to open positions much larger than their initial deposit. By offering leverage as high as 1:400, IFC Markets enables its clients to amplify their exposure to the market and potentially achieve higher returns on their investments. However, it's important to note that while leverage can magnify profits, it can also amplify losses, making it essential for traders to use this tool judiciously and understand the risks involved.

Spreads & Commissions

　　IFC Markets structures its commissions based on the specific trading instruments and platforms in use, making them variable depending on the chosen currency pairs and other assets. For instance, the commission starts from 0.1% of the order volume for specific instruments. In the context of stock trading, US stocks attract a commission of $0.02 per stock, while Canadian stocks have a commission of 0.03 CAD per stock. These commissions apply both when opening and closing positions. Furthermore, for platforms like NetTradeX and MT4, the minimum commission for a transaction is set at 1 of the quote currency. However, there are exceptions, such as Chinese stocks at 8 HKD, Japanese stocks at 100 JPY, and Canadian stocks at 1.5 CAD. On the MT5 platform, the base commission is defined by the account balance currency, which could be 1 USD, 1 EUR, or 100 JPY, with US stocks exclusively being charged 1 USD.

　　IFC Markets offers a diverse range of spreads to cater to traders' preferences. For those seeking stability, our Fixed spreads start from just 1.8 pips on currency pairs like USD/EUR and EUR/JPY. These fixed spreads provide predictability in trading costs, allowing traders to plan their strategies with confidence. Alternatively, for traders who value flexibility and potentially tighter spreads, they also offer Floating spreads starting from as low as 0.4 pips on these currency pairs. This versatility ensures that whether you're a conservative trader or a more risk-tolerant one, IFC Markets has the right spread options to suit your trading style.

Trading Platforms

　　IFC Markets offers three versatile trading platforms:

　　NetTradeX: A user-friendly platform with advanced tools, accessible on desktop and mobile devices.

　　MetaTrader 4 (MT4): Renowned for stability and automated trading using Expert Advisors, with extensive charting and analysis tools.

　　MetaTrader 5 (MT5): An advanced successor to MT4, featuring expanded timeframes, more technical indicators, and broader asset class support.

　　Choose the platform that suits your trading style and access a wide range of assets with competitive spreads, all in a secure trading environment.

Deposits & Withdrawals

　　IFC Markets provides its users with a diverse array of deposit and withdrawal methods, catering to the varied preferences of its global clientele.

• 　　International Bank Transfer: This method usually takes 2 to 3 working days with the deposit fee being determined by your bank. The minimum deposit for this method is $100 or €100, and the corresponding withdrawal method is also through an International Bank Transfer.

• 　　Bank Cards: Deposits are processed instantly without any fees. The minimum amount is $100, €100, or ¥10,000, with a cap at $5,000, €5,000, or ¥500,000. For withdrawals, the same banking card used for depositing needs to be utilized.

• 　　Mobile Money/M-Pesa: An instantly processed method without deposit fees. The minimum deposit is as low as $5 or €5, and the maximum is limited to $500 or €500. Withdrawals can be made through Mobile Money/M-Pesa.

• 　　Crypto Currencies: Offering instantaneous deposits without any associated fees, the minimum deposit starts at $20, 20€, 2000¥, or 800 uBTC. The withdrawals can be processed through the respective cryptocurrency.

• 　　Perfect Money: With an immediate processing time, the commission ranges between 0.5% to 1.99%. Deposits can be as low as $1 or €1, up to a maximum of $5000 or €5000. Withdrawals can be executed through Perfect Money.

• 　　WebMoney: Instant deposits come with a 20% fee, with the minimum deposit being $1. The WebMoney Payment system handles withdrawals.

• 　　ADVCash: This method offers instant deposits without any fees, ranging from a minimum of $1 or €1 to a maximum of $5000 or €5000. ADVCash is the designated withdrawal method.

　　Users should note that while IFC Markets ensures flexibility in deposits, withdrawal of funds might be subject to commissions from the payment system. These commissions can change without prior notice as determined by the respective payment systems.

Trading Hours

　　The operational hours for CFD and Forex markets primarily revolve around the trading hours of global financial exchanges such as the London Stock Exchange, New York Stock Exchange, Hong Kong Stock Exchange, Tokyo Stock Exchange, and others. Given the dispersed locations and time zones of these markets, monitoring trading hours for various financial instruments can be complex. However, when it comes to currency pairs, their trading availability extends throughout the week, except for weekends. For instance, forex trading hours are Monday — Thursday (00:00 — 22:00, 22:15 — 24:00) ,Friday (00:00 — 22:00)

User Exposure on WikiFX

　　On our website, you can see reports of scams and unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section. We would appreciate it and our team of experts will do everything possible to solve the problem for you.

Customer Service

　　Customers can visit their office or get in touch with customer service line using the information provided below:

　　Telephone: +44 2039661649 (English) +1 6136864362 (English) +41 31 528 21 62 (French)

　　Email: fr@ifcmarkets.com; support@ifcmfx.com; info@ifcmarkets.com; ib@ifcmarkets.com

　　Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram and YouTube.

Conclusion

　　In conclusion, IFC Markets FX offers a variety of services and features to enhance the trading experience for its clients. They provide leverage of up to 400 times, allowing traders to significantly amplify their positions. Account opening is free, and they offer live trading accounts. IFC Markets Trader, their trading platform, offers advanced tools and is available, catering to the preferences and convenience of traders across different devices.

　　Overall, IFC Markets FX strives to provide a user-friendly trading environment for both novice and experienced forex traders, with the added advantage of substantial leverage to suit various trading strategies.

Frequently Asked Questions (FAQs)

Q 1:	Is IFC Markets regulated？
A 1:	Yes. It is regulated by LFSA.

Q 2:	What is the minimum deposit amount required by IFC Markets？
A 2:	Minimum allowed deposit amount depends on the trading type. There are no minimum deposit amount for NetTradeX Beginner and MetaTrader 4, 5 Micro accounts.

Q 3:	Does IFC Markets offer demo accounts？
A 3:	Yes.

Q 4:	Can I have an account in any currency？
A 4:	You can open accounts in US Dollar, Euro and Japanese Yen in MetaTrader 4, MetaTrader 5 and NetTradeX platforms.

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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

　　In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.