IFC Markets Review
IFC Markets Review
IFC Markets provide its trading services for more than a decade to over 165,000+ clients. Unlimited instruments and opportunities are available with the company as they operate under international legislation. The trading proposal is mainly based on CFD-based trades also with platforms that we will go into detail later in our IFCMarkets review. Being Cyprus’s established broker, IFC markets offer attractive regulated proposals which offer great coverage of international clients through entities in BVI and Malaysia Labuan.
IFC Markets Trading Opportunities
IFC Markets is a best forex broker that not only provides services in the Asian and Southeast Asian markets but also allows you to trade other assets via CFDs. IFCMarket has won 8 international CFD awards over the last 2 years for its service in these markets alone.
In Canada, they compare favourably against other Canadian brokers. One of their most notable features is GeWorko’s Portfolio Quoting Method which allows you to create your own financial instruments while trading them as well! You can trade personal composite products created by IFCMarkets’ team- high tech indices, gold versus Brent oil and more!
With IFC Markets, you can trade over 600 different assets including currencies pairs, exchange-traded funds (ETFs), precious metals, stocks and indices. Are instruments available at IFC markets include:
Currency pairs: IFCMarkets lets you trade 49 different types of currency, from major to minor and exotic. The spreads vary depending on the account type, starting at 0.4 pips for EUR/USD with ifc markets MT4 or 5 (MetaTrader 4 or 5) platform- which helps it cater to even beginners! Synthetic pairs can be created by both the trader and the IFCMarkets team.
- Precious metals CFDs:
One can trade gold, silver, platinum and palladium against the U.S. dollar and the EU euro; one can also create synthetic combinations like trading silver against the Australian dollar, Japanese yen or Mexican peso or gold against the Australian dollar Swiss franc, Japanese yen or Russian ruble.
- Stock CFDs: IFC Markets offers trading in CFDs on stock exchanges.
- The NYSE and Nasdaq are two major stock exchanges.
- London Stock Exchange (LSE)
- Hong Kong Stock Exchange (HKEx)
- Australian Securities Exchange (ASX)
- Japanese Tokyo Stock Exchange (TSE)
- Canadian Toronto Stock Exchange (TSX)
- Russian Stock American Depository Receipts (ADRs)
- GDRs traded on the LSE are a way of investing in foreign companies.
- Deutsche Boerse (Xetra)
- Commodity CFDs and CFDs without an expiration date:
IFC Markets offers the following ETFs on their platform: SPDR Gold Trust (ETF-GLD), iShares U.S. Real Estate ETF, SPDR S&P 500 ETF Trust, and the iShares 20+ Year Treasury Bond ETF.
ETFs: You can now trade in crypto CFDs with low volumes (only $50 for BTC), 1:8 leverage, and a very low spread. Bitcoin and Ethereum are only two of the many forms that are currently available, but more will be added in the near future.
Crypto CFDs: IFC Markets offers 3 different expirations for Bitcoin futures, including the near-term and next two – which include a 6-month future.
CFDs on crypto futures: IFC’s tradable market indices include:
- Indices CFDs:
IFC’s tradable market indices include:
- the Australian ASX 200 (AU200)
- German DAX Index (DE30)
- Dow Jones Index (DJI)
- UK GB 100 Index (GB100)
- Hong Kong Hang Seng Index (HK50)
- Japan Topix Index vs JPY (JP2000)
- Nasdaq Index (Nd100)
- Japan Nikkei Index (NIKKEI)
- Russell 2000 vs USD (RUT2000)
- S&P 500 Index (SP500)
- US VIX Index (USVIX)
- US Dollar Index (USDIDX)
- Synthetic instruments: Trading with IFC’s Personal Composite Instrument (PCI) technology, you can trade a variety of assets from indices of currencies and stocks to healthcare, industrial and Russian indexes.
Is IFC Markets safe or a scam
We consider IFC Markets as a safe broker with lower risk due to the regulation by CySEC, which demands strict following of rules and enables and supervises the company in order for it to carry out investment business? However, although CySEC is offshore which we always advise caution when it comes to financial firms because they lack control over them, IFCMarkets incorporated an additional entity called the IFCM CYPRUS LIMITED. This Cyprus Investment Firm was registered under regulations set by CySEC.
How are you protected?
IFCM CYPRUS LIMITED, in compliance with CySEC and the European Commission’s MIFID, provides investment services within the EEA. IFCM MARKETS CORP. a Professional Indemnity Insurance for Financial Institution holders is available as well. The customers’ safety is possible through various ways such as funds segregation and participation in schemes by ICRN Securities Ltd which are also authorized to provide Investment Services within EEA safely.
Leverage
Leverage is what allows you to amplify your initial balance, hence the money that you can invest. That being said, the probability of profits or losses increases in parallel, which makes it important to learn how to use leverage wisely.
The IFC leveraged levels are determined by regulatory restrictions as well as where you live in terms of country and so forth. So be sure to verify applicable conditions according to where you live and other laws too! Trading with European IFC Markets entitles a Forex instrument has the maximum leverage level set at 1:30 for trading – international branches may allow for high-leverage access up to 1:300 when trading there instead!
Account types
The IFCM offers three different account types: Standard, Beginner and Demo accounts. Each account type has a certain currency balance (USD, EUR, JPY) and trading platform from which you to choose. Higher grade accounts will have better conditions as well as lower maximum leverage than the Standard Account which requires deposits of 1 000$.
Besides the real trading accounts, we offer Free Demo Accounts which operate with virtual funds and are meant for studying or testing strategies in order to make your experience easier. If you get VIP status at the IFCM they provide special conditions such as flexible trading terms like access to VPS servers without paying any commissions on withdrawals or deposits – much more benefits await too!
Instruments
IFCM is an international broker that offers trading on 50 currency pairs with instant order execution, 400+ stocks CFDs with 100% dividend adjustment and up to 1:30 leverage, 19 commodity futures without expiration dates, 4 CFDs on ETFs traded in NYSE as well as CFD contracts for crypto futures.
Fees
IFC Markets offers a pricing model, and quotes are provided from bank-liquidity providers that automatically transfer your orders to the interbank market.
Additional fees
Another cost often overlooked is the rollover or overnight fee. Be aware that it can be charged on positions held for more than a day, and this will depend on whether you are selling or buying instruments.
Rates may vary depending on which measure is being used for each instrument; please refer to the table above to see how this works with Islamic Trading Accounts where swaps are not calculated.
Another important thing to consider when purchasing an investment product is the overnight charge that could come as a penalty if your position has been open longer than one day, so make sure you calculate them into your total costs before making any final decisions.
Spreads
IFC Markets offers a wide range of trading styles, but it also has competitive spreads and advanced features you can choose from. For example, if you sign up for the IFC Markets’ floating spread in forex account type, then your trades will have a market-determined price that moves with the changes in currency value at any time during live trading sessions.
Alternatively, if you want an account type where your trade prices remain fixed to each other regardless of fluctuations in currency values (i.e., EUR/USD), then I recommend signing up for an FXFix Spreads Account Type instead which guarantees that no matter what happens throughout day or night while markets are open around the world as well as over weekends and holidays; all CFD positions on this account type maintain constant accuracy so there’s no rule change impacting how much profit is earned by traders when they go long on one side versus another side as many competing brokers do!
Payment Methods
Deposit Options
The IFCM supports a range of payment providers, most notably Wire Transfers, Bank Cards, WebMoney, Skrill Moneybookers Neteller OKPAY and Unistream.
What is the minimum deposit for IFC Markets?
The minimum requirement to open an account at IFCMarkets is $1.00, which can start as either a beginning account based on floating or fixed spread demand. Deposits are diversified by funding option and whether they have applicable commissions, with the lowest being $5.00 to withdraw via check only.
| IFC Markets | Most Other Brokers | |
|---|---|---|
|
Minimum Deposit |
$1
|
$500
|
Withdrawals
IFC Markets has a promotion for covering fees for deposits or withdrawals. This is only applicable to some methods of withdrawing from IFC Markets, however, which you should contact customer service about as there are differences between countries where the company operates. Some deposits will also add on processing fees and other ones are offered free like Credit Card payments.
For withdrawal methods, you can use the same payment options along with any applicable commissions and minimum amounts allowed in order to transfer your money from that provider – these differ depending on what providers offer them.
Trading Platforms
The best Forex trading platforms include the popular choice of MetaTrader4 and MetaTrader5, as well as IFCM being the licensee for NetTradeX.
Desktop Platform
Market leaders MT4 or advanced MT5 require no introduction as they provide a comprehensive feature to trade with numerous possibilities, automation of trading and MultiTerminal available too.
So Another option is NeTradeX that the software perfectly suits professional traders and it gives the opportunity to trade in unique features of the GeWorko Method by creating their own instruments, Portfolio Trading etc. The instrument range includes standard ones together with synthetical ones created by experts and is available to create own one too. It provides automated trading in the Advisors terminal including a graphical interface for managing positions which are customized indicators service utilities also available here if necessary as well. So you can operate on NetTradeX Advisor either at primary or secondary terminal-you can work simultaneously on both terminals being your main target advisors but taking balance into consideration.”
Web Platform
As most people know, MT4 and advanced MT5 are market leaders. These platforms offer a comprehensive set of features for trading with numerous possibilities, automation of trade, and MultiTerminal too.
So another option is to use NeTradeX which is advanced software that fits professional traders very well– it’s available on the Web version as well but has less functionality than the desktop does. Meanwhile, its utility lies in monitoring basic trading strategies and catching up on any information you need every now and then. It also deserves consideration as well!
Mobile trading Platform
Furthermore, there are options to use the platforms on numerous devices including mobile applications, and iOS Android which is a great feature.
Education
The trading environment is not the only thing to keep in mind when it comes to successful trading. The broker recognizes that they need to support and educate their clients, so they provide these resources: Online Trading Academy for education materials, video tutorials as well as a glossary of terms with video elaborations on each term. They also include daily technical analysis videos from experts within the company along with analytical videos from outside sources.
MetaTrader 4
Trading signals service
Pre-installed technical indicators
MultiTerminal and WebTerminal
Available for Windows and Mac devices
Automated trading enabled via MQL4 programme language
Strategy support includes market orders, pending and linked orders.
MetaTrader 5
Hedging and netting options
Expanded list of technical indicators
Additional timeframes, pending orders, and execution types.
IFC Markets Customer Service
IFC Markets offers the best customer service, tech support, and blogs to its customers. They also have CRM software that provides their clients with excellent technical assistance. Plus they offer full Autochartist support including expert advisors!
The broker offers multichannel live support 24/5 in 12 languages, additionally to their multifunctional website available in 19 languages. You can contact IFC through Live Chat, email, Skype or WhatsApp if you’re based outside Canada or UK; alternatively, you can use Facebook Messenger – Telegram- Discord- Instagram – Signal at any time of day to get instant attention from an advisor who will be pleased to help you.
If your primary language is English then all their global markets are available by telephone between 9:00 am and 17:00 pm EST (-4 GMT).
Conclusion - IFC Markets Review
The IFC Markets is a development group of companies that provides access to trade on a comprehensive range of Trading instruments, Forex and CFDs. They offer you the opportunity to have an additional choice with their recently introduced markets and portfolio.
The business model is based on transparent transactions with customers through established STP execution with multiple platforms-including their proprietary platform which carries powerful features. In addition, they provide education and customer service in many languages along with accounts available for your choosing!
