Review of IFC Markets

IFC Markets is a broker specialized in CFD and FX trading, offering services for metal and CFD trading as well as online FX.

Broker: IFC Markets

Utilization: 1:3000

Regulatory Bodies: CySEC, FSC, LFSA

The minimum deposit required is 100 US$.

Headquarters: Cyprus

Trading Platforms: NetTradeX, MT4, MT5

Discovered In: 2006

The website, ifcmarkets.com, is accessible on the internet.

Licensing of IFC Markets

The company IFCM Cyprus Limited is fully authorized by the Cyprus Securities and Exchange Commission (CySEC) and holds registration number 147/11 in Cyprus.

• The company IFCMARKETS. CORP. is legally authorized by FSC (BVI) with a registration number of SIBA/L/14/1073.
• IFC Markets Ltd. is authorized by Labuan FSA Malaysia (Malaysia) under the registration number MB/20/0049.

IFC Markets Introduction

Established in 2006, IFC Markets has been catering to its trading clients for over 10 years. With a wide range of trading instruments and countless opportunities, the company has served more than 165,000 clients.

Advantages

• Provides trading of regulated CFDs
• Valuable tools for education
• MetaTrader 4
• Complimentary trial account
• Affordable
• A diverse selection of trading instruments

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Downsides

• Assistance not accessible round-the-clock
• Fee for deposit

Original Text:

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Music is an essential aspect of my life. It serves as a universal language that unites people and possesses the ability to mend and inspire our spirits.

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Overall Company Rating

• Level of Dependability ⭐⭐⭐⭐
• Highly Rated Platform ⭐⭐⭐⭐
• Ratings for Commissions ⭐⭐⭐
• Assistance ⭐⭐⭐
• Monetary tools ⭐⭐⭐

Original Text: In today’s fast-paced world, it is easy to get caught up in the hustle and bustle of daily life. We often find ourselves rushing from one task to another, trying to keep up with the demands of work, family, and social obligations.

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Rating:3.6

IFC Markets: What are They?

IFC Markets is a part of the IFCM group of companies which actively participate in the advancement of financial technologies, while adhering to the regulations outlined by global laws.

The primary focus of the proposed trading is on CFD trading, however, there is also a diverse selection of trading platforms and instruments available. These will be further examined in our review of IFC Marketplaces.

IFC Markets, a broker that provides regulated proposals, has been established in Cyprus. It offers attractive options and has expanded its international coverage through the inclusion of entities in Malaysia Labuan and BVI.

Is IFC Markets a legitimate company or a scam?

IFC Markets is known for its safety as a broker, as it is regulated by CySEC. This regulation mandates strict adherence to rules, allowing authorities to effectively oversee and monitor the company’s investment activities. Additionally, IFCMARKETS operates under the brand name IFC Markets, while also being registered and licensed by the British Virgin Islands Financial Services Commission (BVI FSC).

Despite not being based in the United States, we recommend exercising caution due to their limited ability to regulate financial institutions. IFC Markets has also established IFCM CYPRUS LTD, a Cyprus Investment Firm, under the supervision of CySEC regulation.

What measures can be taken for protection?

IFCM CYPRUS LIMITED, a brokerage firm regulated by CySEC, is a part of the ICF (Investor Compensation Fund) and adheres to the MiFID (Markets in Financial Instruments Directive) set by the European Commission. This enables them to provide secure investment services within the EEA (European Economic Area).

The safety of customers is typically guaranteed through a variety of methods, such as the separation of funds and participation. IFCMARKETS is also involved in this process, and it is important to note that IFCMARKETS is a member of AIG EUROPE LIMITED Professional Indemnity for Financial Institutions Insurance.

Education is an important aspect that should not be overlooked. It is crucial for individuals to continuously improve their knowledge and skills through education. This not only helps in personal growth but also in career advancement. The website Broker Review highlights the significance of education and its impact on the financial industry. By constantly updating oneself with the latest information and techniques, one can stay ahead in the competitive world of finance. Therefore, education plays a vital role in shaping individuals into successful and knowledgeable professionals in the financial sector.

Technical Details

Use

Utilizing leverage allows for the trading of significant sums of money. This has the potential to boost your starting balance and subsequently increase your overall earnings. Nevertheless, there is a heightened possibility of either gaining profits or experiencing losses. Therefore, it is crucial to understand how to effectively utilize leverage.

The leverage levels for IFC are influenced by both regulatory limitations and your residency in the specific country. It is important to carefully confirm the regulations that are applicable to you, as well as any additional laws.

• The European IFC Markets entity offers Forex trading services with a maximum leverage level of 1:30 for Forex instruments.
• By engaging in international branch trading, you may have the opportunity to utilize high leverage, with a potential of up to 1:300.

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Different Kinds of Accounts

There are three options for account types available: Standard, Beginner, and Demo. These accounts support balance currencies of USD, EUR, and uBTC. Convenient transfers can be made using either floating or fixed spreads on each trading platform. Opting for a higher grade account provides improved terms and a maximum leverage of 1:200, but a minimum deposit of $1,000 is required.

The IFCM provides a complimentary Demo account that uses virtual funds. This is not a live trading account, rather it is intended for educational or strategy testing purposes.

Being eligible for the VIP status may also be a possibility for you. This grants you the ability to trade with flexibility, have access to personal instruments, and enjoy 0 commissions for withdrawals or deposits.

Musical Instruments

IFCM is a globally recognized Forex brokerage firm which grants traders the chance to engage in trading 50 different currencies with prompt execution of orders. The platform also supports over 400 stocks, CFDs with full dividend adjustment, leverage of up to 1:30, and 19 commodity futures with no expiry date. Additionally, they also offer Crypto Futures and NYSE CFDs.

Charges

At IFC Markets, a pricing model is utilized where quotes are sourced from liquidity providers in banks. These quotes are then automatically transmitted to the interbank markets when clients place their orders.

Spread Variations

IFC Markets welcomes all types of trading styles. Additionally, they provide competitive trading strategies and spreads. Depending on your requirements, you have the option to select either fixed or floating spreads for CFD trading.

The spread will vary depending on the type of account that you select.

Comparison of IFC Markets Trading Fees with Other Trading Brokers

Extra charges

It is important to take into account the expenses of rollover and overnight fees. These charges apply to positions held for more than one day, regardless of whether you are buying or selling financial instruments. The specific amount charged or refunded for each instrument is determined by the specific measurement. Please refer to the table below for a sample illustration.

Customers who are of the Muslim faith have the option to open an Islamic Trading Account. The calculation of swaps will be waived (Discover brokers that offer swap-free accounts by following the link).

Methods of Payment

Deposit Options

The IFCM offers multiple payment options from leading payment providers such as Wire transfers, Bank Cards, and WebMoney.

Minimum Deposit Requirement at IFC Markets

To open an account with IFC Markets, the minimum requirement is 100 for both fixed and floating spread accounts (To discover the top forex brokers with fixed spreads, click on the provided link). The minimum deposit is determined by the chosen funding method and any associated commissions.

Comparison of Minimum Deposit between IFC Markets and Other Brokers

Removal of Funds

IFC Markets recently announced a new promotion where they will cover the withdrawal fees or deposits for their clients. However, this offer is only valid for selected IFC Markets withdrawal methods. It is recommended to reach out to their customer service for further details, as there could be variations based on the country of origin. Additionally, processing fees may be applicable for certain deposits, while others, such as Credit Card payments, are exempt from any charges.

To access the same funds, you may utilize the same methods; however, you will be subject to applicable option commissions and transfer limits. The specific requirements for these fees are determined by each individual provider.

IFC Markets Trading Platforms

IFCM offers access to both the widely used MetaTrader4 and MetaTrader5 trading platforms, as well as the advanced trading station netTradeX which is exclusively licensed by the company.

Platform for Desktop

It is easy to comprehend the top players in the market, MT4 and the more advanced MT5. They provide a comprehensive range of trading features along with numerous options, automated trading capabilities, and a MultiTerminal.

A potential alternative is to utilize NeoTradeX, an advanced software designed specifically for professional traders. This platform offers access to special features of the GeWorko Method, such as Portfolio Trading and the ability to create customized instruments. Users have a variety of standard and personalized instruments to choose from, and can even create their own.

In addition to its standard features, the trade terminal also provides automated trading through Advisors and a user-friendly interface for controlling orders and positions. It also offers customizable indicators and various service tools.

You have the option to utilize both NetTradeX Advisors at the same time or use one of the two terminals simultaneously. NetTradeX Advisors is compatible with the primary terminal’s features. You can choose to operate in manual mode or create algorithms with the provided code. This presents an excellent chance for traders.

Internet Platform

One can find web platforms with limited features compared to the desktop version, which is a more comprehensive tool. However, these web platforms are still useful for basic trading strategies and monitoring, making them worth considering.

Platform for Mobile Trading

One can also utilize the platforms on various devices, such as iOS and Android mobile apps, which is an excellent attribute.

Customer Support

IFC Markets entities provide a range of customer service options in 18 different languages, ensuring that customers have access to support through various contact methods.

Learning

The broker recognizes that achieving success in trading involves more than just the trading environment. They offer assistance to their clients and offer educational resources such as Online Trading Academy, Books, Videos, and Glossaries. Additionally, experts provide technical analysis and instructional videos.

Final Thoughts

The IFC Markets group of companies offers access to a diverse selection of trading instruments, such as Forex and CFDs, for trading purposes. They also feature an extensive portfolio and continuously expand into new markets. This model is founded on establishing reliable and open connections with their clients. They utilize STP execution through a range of platforms, including their own proprietary platform which boasts robust capabilities. The broker also provides assistance with multilingual customer service and education, along with a variety of account options to select from.