IFC Markets

IFC Markets Information

IFC Markets, established within the last 5-10 years and based in Turkey, is listed under a regulatory status described as a “Suspicious Clone” by the FSC.

The brokerage offers a diverse portfolio of tradable assets including currency pairs, precious metals, various CFDs (such as stock, non-continuous index, continuous commodity, commodity futures, and new cryptocurrency CFDs), gold instruments, ETF CFDs, and access to a synthetic instruments library.

IFC Markets provides several account types including Standard, Beginner, and Demo accounts, all available with fixed and floating options. The trading platforms offered are Net TraderX, MT4, and MT5, and the company promotes a zero-commission structure with a spread starting at 1.8 pips.

For customer support, clients can reach out via phone or email, ensuring robust communication channels for trader assistance.

Regulation Status

IFC Markets is recognized by the British Virgin Islands Financial Services Commission as a “Suspicious Clone,” operating under a retail forex license.

The firm is regulated by the authorities of the Virgin Islands with the license number SIBA/L/14/1073. This designation as a suspicious clone suggests caution, as it implies potential issues or irregularities with the authenticity of the firm's operations or its resemblance to a legitimate entity.

Pros and Cons

Pros:

IFC Markets offers a diverse portfolio of trading products, including Forex, CFDs, shares, metals, oil, bonds, and cryptocurrencies, accomodateing to a wide range of trading preferences. The platform promotes attractive trading conditions with zero commissions and the availability of a demo account, allowing new traders to practice without financial risk. Furthermore, IFC Markets has garnered 28 international awards, indicating recognition for its services and offerings, and supports a large range of partners, enhancing its network and capabilities.

Cons:

Despite its extensive offerings, IFC Markets operates as an unregulated platform and is noted as a “Suspicious Clone,” which raises worries regarding its legitimacy and the security of investments. Additionally, the platform charges a spread of 1.8 pips, which will be considered high for some traders seeking more cost-effective trading options.

Market Instruments

IFC Markets offers over 650 trading instruments across eight categories, including Forex, CFDs, and synthetic assets, ensuring traders have a wide range of options to suit their trading needs.

Currency Pairs:

IFC Markets offers a selection of currency pairs, allowing traders to speculate on the relative values of different currencies. This traditional Forex trading is facilitated through its advanced trading platforms, providing tools and resources suitable for currency trading in volatile market conditions.

Precious Metals:

Traders at IFC Markets can invest in precious metals, such as gold and silver, which are considered safe-haven assets during times of economic uncertainty and market volatility. These metals are traded as part of the platform's commodity offerings.

World CFD Indices:

This instrument category allows traders to engage with major global stock indices without directly investing in the stock market. IFC Markets offers CFDs on indices, reflecting the performance of leading stock exchanges and their respective regional currencies.

Stock CFDs:

IFC Markets provides CFD trading on highly liquid stocks from major global stock exchanges. This allows traders to speculate on stock prices with potentially lower capital requirements than traditional stock trading.

Cryptocurrency CFDs:

The platform also accomodates to the growing demand for cryptocurrency trading by offering CFDs on major digital currencies like Ethereum and Bitcoin. This enables trading against fiat currencies without the need for a crypto wallet or exchange account.

Commodity CFDs:

Traders can invest in the price movements of various commodities through continuous commodity CFDs and commodity futures CFDs. These instruments are ideal for those looking to diversify their trading strategies beyond traditional market instruments.

Gold Instruments:

Unique to IFC Markets, this category includes instruments where gold is the base asset quoted against other assets like silver, oil, or indices, offering alternative investment options within the precious metals sector.

ETF CFDs:

The platform provides opportunities to trade CFDs on shares of Exchange Traded Funds (ETFs), particularly those listed on the New York Stock Exchange, allowing for diversified investment across different sectors and geographies.

Crypto Futures CFDs:

Building on its cryptocurrency offerings, IFC Markets includes CFDs on crypto futures, allowing traders to speculate on the future price movements of digital currencies.

Account Types

IFC Markets offers diverse account types (Standard, Micro, Demo, PAMM) across NetTradeX, MT4, and MT5 platforms, each tailored to meet varying trader needs with options for fixed or floating spreads, varying leverage, and minimum deposit requirements.

Standard Account (NetTradeX, MT4, MT5):

The Standard Account on IFC Markets is available with fixed spreads on NetTradeX and floating spreads on MT4 and MT5 platforms. It requires an initial deposit of 1000 USD, EUR, or 100,000 JPY. This account offers leverage ranging from 1:1 to 1:200 and is suitable for traders looking for stable trading conditions with a moderate starting capital.

Micro Account (NetTradeX, MT4, MT5):

The Micro Account is designed for new traders or those testing new strategies, requiring only 1 USD, EUR, or 100 JPY to start. Available with fixed spreads on NetTradeX and floating spreads on MT4/MT5, it offers higher leverage options up to 1:400. The account has a maximum equity limit of 5000 USD/EUR or 500,000 JPY, beyond which trading is automatically suspended to manage risk.

Demo Account (NetTradeX, MT4, MT5):

IFC Markets provides a Demo Account with virtual funds for risk-free trading practice on NetTradeX, MT4, and MT5 platforms. This account type mirrors the trading conditions of real accounts, offering both fixed and floating spread options and leverage up to 1:400, allowing beginners and experienced traders alike to test strategies and get familiar with the platform features.

PAMM Account (NetTradeX, MT4, MT5):

The PAMM Account accomodates to professional fund managers and investors interested in forex and CFD trading, requiring an initial deposit of 100 USD, EUR, or 10,000 JPY. Available with fixed spreads on NetTradeX and floating spreads on MT4/MT5, it offers leverage up to 1:200 and features both fixed and dynamic spreads starting from 0.4 pips. This account is ideal for managing multiple sub-accounts under a single master account.

Fees

IFC Markets employs a fee structure that includes zero commissions on trades, with the cost of trading primarily derived from spreads.

The minimum fixed spread starts at 1.8 pips, while dynamic (or floating) spreads can begin as low as 0.4 pips, depending on the account type and trading platform used. This structure enables traders to engage in transactions with clear and predictable trading costs, suitable for both beginners and experienced traders alike.

Trading Platform

IFC Markets offers a wide range of advanced trading platforms accomodateing to various devices and operating systems, ensuring accessibility for all types of traders:

NetTraderX

NetTradeX PC: The NetTradeX PC platform offers a robust environment for Windows users, featuring advanced analytical capabilities alongside a user-friendly interface, suitable for both novice and professional traders seeking trading functionalities.

NetTradeX iOS: Specifically designed for iOS devices, this platform provides a mobile trading experience with full access to trading features, allowing traders to manage their accounts and execute trades directly from their iPhone or iPad.

NetTradeX Android: This Android application offers a smooth mobile trading experience, enabling traders to access trading instruments, analytical tools, and account management features directly from their Android smartphones or tablets.

NetTradeX Windows Phone: accomodateing to users of Windows Phone devices, this platform maintains a consistent trading experience with other NetTradeX offerings, providing essential trading functions and real-time market data.

NetTradeX Windows Mobile: This version supports older Windows Mobile devices, offering traders essential trading tools and access to financial markets despite the older technology.

NetTradeX Advisors: An enhancement to the standard platform, offering additional tools for automated trading and strategy development, making it ideal for advanced traders who employ complex trading strategies.

MetaTrader4

MetaTrader 4 PC: MT4 for PC is a popular platform among traders worldwide, known for its reliability, wide range of tools, and extensive support for custom indicators and automated trading scripts (Expert Advisors).

MetaTrader 4 WebTerminal: Accessible directly from any web browser without the need for software installation, this platform offers convenience and accessibility for traders who prefer online access.

MetaTrader 4 macOS: Adapted for macOS, this platform allows Apple users to run MT4 natively on their devices, ensuring they can utilize its full range of trading and analytical tools.

MetaTrader 4 iOS: The iOS version of MT4 enables traders to access their trading accounts on the go from any iPhone or iPad, providing powerful trading features and interactive charting.

MetaTrader 4 Android: This app provides Android users with the full capabilities of MT4, including interactive charts, a wide range of indicators, and complete account management functionalities.

MetaTrader 4 MultiTerminal: Designed for managing multiple accounts simultaneously, this platform is ideal for traders who operate several accounts and need an efficient way to manage them.

MetaTrader 5

MetaTrader 5 PC: An advanced trading platform that offers additional features such as more timeframes, advanced order types, and improved charting tools compared to MT4, designed for both Windows users.

MetaTrader 5 WebTerminal: Provides the convenience of accessing the MT5 platform from any web browser, offering full trading capabilities without the need for any download or installation.

MetaTrader 5 macOS: This version brings the enhanced functionalities of MT5 to macOS users, allowing them to benefit from its advanced features directly on their Apple computers.

MetaTrader 5 iOS: Tailored for iOS devices, it offers advanced trading features, technical analysis, and the ability to trade directly from an iPhone or iPad.

MetaTrader 5 Android: This Android app extends the capabilities of MT5 to mobile users, offering advanced trading tools and features for on-the-go trading from Android devices.

Deposit & Withdrawal

IFC Markets provides a variety of deposit and withdrawal methods to accommodate its clients' diverse needs and preferences:

Bank Transfer:

Bank transfers to IFC Markets typically take 2 to 3 working days to process, with the deposit commission depending on the client's own bank. The minimum amount required to make a deposit is $100 or €100, and withdrawals can also be processed back to the bank account used for depositing.

Bank Cards:

Deposits made using bank cards are processed instantly and come without any additional commission. The minimum deposit amount is $100 / €100 / ¥10,000, with a maximum cap of $5,000 / €5,000 / ¥500,000. Withdrawals must be made back to the same debit card that was used for the deposit, ensuring a convenient reversal of funds.

Cryptocurrencies:

Cryptocurrency deposits are executed instantly without any deposit commission. The minimum deposit starts at $20, €20, ¥2,000, or 800 uBTC. For withdrawals, traders must use the same cryptocurrency method, aligning with the platforms support for digital currency transactions.

Perfect Money:

Using Perfect Money for deposits is instant and incurs a commission between 0.5% and 1.99%. The deposit thresholds are highly accessible, starting from as low as $1 or €1, and can go up to $5,000 or €5,000. Withdrawals are facilitated directly through the Perfect Money system.

WebMoney:

WebMoney transactions are processed instantly but carry a high deposit commission of 20%. The minimum deposit requirement is very low at $1, appealing to those starting with small amounts. Withdrawals can be conducted using the same WebMoney system.

ADVCash:

Deposits via ADVCash are completed instantaneously without any deposit fee. The minimum deposit requirement is $1 or €1, with the maximum deposit limit set at $5,000 or €5,000. Like the deposit method, withdrawals are also processed through ADVCash, providing a streamlined service.

Customer Support

IFC Markets offers extensive customer support options to accomodate to a diverse client base. Clients can reach out via multiple channels including live chat, Skype, Telegram, WhatsApp, and a callback service.

For more direct inquiries, they provide specific phone numbers for UK-based support (+442039661649, +447723581740) and emails for general questions (info@ifcmarkets.com), partnership inquiries (ib@ifcmarkets.com), and trading desk communications in English.

Support hours for Turkish-speaking clients are from Monday to Friday, 7:00 - 20:00 CET. These communication options ensure that clients can receive assistance in various languages and formats to suit their needs.

Conclusion

IFC Markets is a well-established online CFD broker that offers a wide array of trading products across advanced platforms such as NetTradeX, MetaTrader 4, and MetaTrader 5. With a robust offering that includes over 650 trading instruments ranging from currency pairs to complex synthetic instruments, the broker attract a global audience with diverse trading needs.

IFC Markets is known for its innovative approach, providing unique trading conditions, multiple account types, and a variety of deposit options including cryptocurrencies.

FAQs

• What platforms does IFC Markets offer for trading？
• IFC Markets offers trading on NetTradeX, MetaTrader 4, and MetaTrader 5 platforms, each providing unique tools and features suitable for both beginners and experienced traders.
• What types of accounts can I open with IFC Markets？
• You can choose from several account types at IFC Markets, including Standard, Micro, and Demo accounts across different platforms, with options for fixed and floating spreads to suit various trading strategies and experience levels.
• How can I deposit funds into my IFC Markets account？
• IFC Markets supports multiple deposit methods including bank transfers, credit/debit cards, cryptocurrencies, Perfect Money, WebMoney, and ADVCash, with specific terms regarding transaction speed and fees depending on the chosen method.