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IFC Markets review and ratings

Established 2006
Location Malaysia British Virgin Islands
Regulation LFSA, BVIFSC
Offices Labuan, Road Town, Limassol
Broker type STP | ECN
Leverage up to 1:400
Deposit from 1 USD
Spreads mid  mid
Platforms Web MetaTrader 4 MetaTrader 5 Specific
Instruments Currencies Crypto Indices Metals Energies Softs Stocks ETFs
Funding methods Wire Transfer Credit Cards Skrill Neteller WebMoney Perfect Money Bitcoin BitWallet

IFC Markets group includes 2 related companies.

IFC Markets MY - located in Malaysia, regulated by the Labuan Financial Services Authority (LFSA).
IFC Markets BVI - located in the British Virgin Islands, regulated by the BVI Financial Services Commission (BVIFSC).

Availability

IFC Markets group accepts clients from all over the world, excluding USA, Japan, Russian and some other countries with imposed restrictions.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for FX trading.

50+ Currency Pairs Based on major and minor world currencies.
1 Crypto Future Based on Bitcoin.
12 Indice Cash CFD Based on baskets of different blue-chip stocks and US Dollar Index.
7 Metal Spot CFDs Based on Gold, Silver, Platinum, Palladium and COpper.
4 Energy Spot CFDs
+ 4 Futures
Based on Crude Oil (WTI, Brent), Heating Oil and Natural Gas.
15 Soft Spot CFDs
+ 15 Futures
Based on Cocoa, Coffee, Corn, Cotton, Oats, Orange Juice, Rough Rice, Robusta Coffee, Soybean, Soybean Meal, Sugar, Wheat, Feeder Cattle, Live Cattle, Lean Hog.
500+ Stock CFDs Based on shares of AU, CA, US, UK, DE, RU and Asian companies.
4 ETF CFDs Based on exchange-traded funds containing various tradable assets.

Comprehensive review

Registered in both Malaysia and the British Virgin Islands, IFC Markets is a CFD & forex broker with an unusually large selection of trading instruments, several trading platforms to choose from, and leverage that in some cases can go as high as 1:400. Further, being established all the way back in 2006, IFC is by now a broker that has gained a certain track record in the industry, and done so without any major mishaps along the way.

Perhaps most noteworthy about IFC Markets is the very wide range of assets it offers for trading. This includes not only the usual forex pairs and stock indices, but also CFDs on a whole range of commodities (both spot and futures), stocks of more than 500 publicly traded companies from Australia, North America, Europe, Russia and Asia, as well as a bitcoin futures CFD.

In addition to the instruments mentioned above, IFC Markets also offers four exchange traded funds (ETFs), which at the time of writing includes the SPDR Gold Trust (GLD), iShares US Real Estate ETF (IYR), SPDR S&P 500 ETF (SPY), and the iShares 20+ Year Treasury Bond ETF (TLT).

Further, IFC Markets also has an interesting offering when it comes to trading platforms, with its own platform called NetTradeX offered in addition to the well-known MetaTrader 4 & 5 (MT4/5) platforms. And while NetTradeX is certainly less known than MetaTrader, the platform does offer a fairly advanced order management system, as well as sophisticated technical analysis tools.

Developed all the way back in 2006, however, the platform is now starting to get old, although it’s still one year younger than MT4. The relatively old age can also be seen in the platform design, which certainly has a less modern feel to it than many of the web-based platforms in use today.

Like MT4 and MT5, NetTradeX is available in a downloadable version for Windows PCs, as well as in mobile versions for most types of smartphones. Unlike MetaTrader, however, there is no web-based version for NetTradeX, which means that Mac users will have to look for other alternatives.

In terms of account types, IFC Markets offers a few different options depending on the trading platform chosen:

For the NetTradeX platform, traders can choose between the Standard-Fixed & Floating account with a USD/EUR 1,000 minimum deposit, or a Beginner-Fixed & Floating account with a USD/EUR 1 minimum deposit. Both account types on this platform have a minimum floating spread from 0.4 pips and a minimum fixed spread from 1.8 pips, allowing the trader to choose the type of spread model that best suits his or her needs.

Further, the MT4 platform offers the two account types Standard-Fixed and Micro-Fixed, which essentially are the same as the two accounts offered on NetTradeX, but with only fixed spreads available. Similarly, traders on MT5 are also offered two similar account types called Standard-Floating and Micro-Floating. As the name implies, however, these have only floating spreads available.

Trading accounts with IFC Markets can easily be funded either directly with bitcoin, via the third party solution BitWallet, or via regular bank transfer, Visa, MasterCard, and a range of popular e-wallets. However, it’s worth keeping in mind that the deposit fees vary quite a bit between the different methods, with some being processed free of charge and others with a fee of up to 2%.

Lastly, another strong selling point for this forex broker is the customer service it offers. This includes not only phone numbers, but also options like Skype, WhatsApp, Viber, and a live chat function on the broker’s website. We also appreciate that the support options are tailored for 12 different languages, including English, Russian, Spanish, Vietnamese, French, Farsi, Arabic, Hindi, Turkish, Chinese, Portugese, and Japanese.

All in all, we are of the impression that IFC Markets is an interesting player in the forex & CFD brokerage industry for traders to keep an eye on. The broker has a particularly strong offering for stock and ETF traders, and offers relatively high leverage for its clients, especially by European standards.

Reviews from traders

5/5
(5 votes)
5/5
Italy
Italy
5/5
France
France
5/5
Armenia
Armenia
5/5
Canada
Canada
5/5
France
France
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