IFC Markets Review 2022: Legit Or Scam? Pros |

Financial markets have been a dream for many individuals as we all desire to make a profit and double the investments. Trading in various markets and instruments requires a lot of effort, knowledge, and trade understanding, as the markets are highly volatile. One cannot invest without research, analysis, and study of the markets. 

In this process, traders have to analyze all the instruments, factors, and other areas that relate to the market. For that, traders have to visit places and offices to check files, data, and news, which eventually takes time. To simplify the work of traders and investors, the financial markets introduced brokers. 

The article focuses on the IFC Markets, a financial institution and CFD broker that offers services for assisting the traders. They can easily open trading accounts and get access to the most beneficial tools and services. To know the broker better, let’s get into the details. 

Pros and Cons

IFC Markets was incorporated in 2006 with the motive to be the best service provider in the market. They gradually achieved what they thought of at the beginning of the company. We’ll be discussing the broker facilities one by one but for a quick glimpse of readers. Here are the pros and cons of IFC Markets: 

Pros:

• Low minimum deposit $1
• Trading platforms 
• Educational material 
• Unused funds accounts are given the annual interest of 7%
• Allows portfolio quoting 
• 600+ Trading instruments
• Regulated broker
• High leverage 
• Customer support 

Cons:

• High spreads from 1.8 pips
• Complex verification process

IFC Markets Is A Scam?

IFC Markets is a big group of companies that works in different sectors to offer its products. The firm was founded in the British Virgin Islands and operates under the business name IFCMARKETS. CORP. It is duly registered as a firm and licensed by the British Virgin Islands Financial Services Commission (BVI FSC). 

It has the license number SIBA/L/14/1073 with BVI FSC authority. Other than this, it is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Labuan Financial Services Authority (LFSA). 

With the above information, it could be clearly stated that the broker is legitimate and not a scam. 

IFC Markets Trading Account Types:

Trading accounts are the way to invest in the markets, and with the brokerage, trading accounts investors have a number of advantages. IFC Markets has two main types of trading accounts which are tailored keeping in mind the needs of the investors/ clients. 

The accounts are with floating and fixed spreads and also have trading platforms. In addition, traders can have a demo account for practicing the trade. Hence, making trading easy for its clients. 

Standard Fixed and Floating Account

The standard trading account of IFC Markets is for the expert traders who have invested before and know the market conditions. The account has all the required services that make the trade smooth and help in finding more market opportunities. Below listed are the facilities and services that traders can enjoy with a standard fixed and floating account. 

• Balance currency USD, EUR, JPY and uBTC
• Initial deposit: 1000 USD/ 1000 EUR/ 100,000 JPY
• Leverage from 1:1 to 1:200
• Minimum fixed spreads from 1.8 pips 
• Minimum floating spreads from 0.4 pips
• Stop out at 10%
• A minimum volume of trade for forex is 10,000 units
• Market Newsline 
• Hedging 
• Netting 
• 600 + trading instruments
• Instant order execution 
• Customer support 
• Advanced trading platforms
• GeWorko method 

Beginner Fixed and Floating Account 

As the name says, it is the account for the market beginners who do not know trading tactics. Such traders can use this account to have a learning and good trading experience. The account provides services that are suitable for novice traders and help them achieve their goals. 

Traders have the following services with the account: 

• Balance currency USD, EUR, JPY, uBTC 
• Initial deposit: 1 USD, 1 EUR, 100 JPY 
• Maximum equity: 500 USD 
• Leverage: 1:1 to 1:400
• Minimum fixed spreads from 1.8 pips
• Minimum floating spreads from 0.4 pips 
• Stop out at 10% 
• A minimum volume of forex trade 100 units 
• Market newline
• Hedging 
• Netting 
• 600+ trading instruments
• Trading platforms
• GeWorko method 
• Instant order execution 
• 24/7 customer support 

Demo Account- Fixed and Floating

A demo account is set to offer practice to the traders who want to invest in the market but with good knowledge. The account is a good choice if one wants to get familiar with the market, its conditions, and how they can make the tools and services at use for market predictions. Moreover, this helps in forming trading strategies and gives an excellent trade practice. 

Here are the services that traders can enjoy with a demo account: 

 

• USD, EUR, JPY and uBTC 
• Leverage from 1:1 to 1:400
• Minimum fixed spreads from 1:8 pips 
• Minimum floating spreads from 0.4 pips
• Stop out at 10% 
• Minimum trade volume 100 units
• Hedging 
• Netting 
• 600+ trading assets
• Trading platforms 
• GeWorko method 
• Order execution 
• Customer support 

Other than this, the Muslim traders who believe in Sharia law can use the swap-free trading services of the broker. 

IFC Markets Account Opening?

Account opening is a simple few-step procedure that investors follow to open their trading accounts. The steps are mentioned below for guiding traders on how they can begin their trading journey with IFC Markets. 

• The initial step is to visit the broker’s website to collect all the required information, www.ifcmarkets.com, and once satisfied; then traders can click on the open an account tab. 
• The second step is to register with the broker; for this, investors have to fill in a form requiring information such as name, email address, password, a country with code, and mobile number if an individual. For the corporates, it has the company’s email address, password, company name, country of residence, and contact person details. 
• The registration is over, and the next step is to provide further information that the brokers require for verification. It includes documents, license if the company then their details for products, income tax filing, etc. 
• The fourth step is to upload all the documents with the broker and get verified within a day or two. This depends on the broker, and after this, traders can select their account type. 
• The fifth step is to deposit the funds for trading. Traders can use various methods of deposit of funds available with brokers. With the trade instruments and funds, traders can execute their orders. 
• The final step is to download the trading platforms from the website and use them for market monitoring and prediction. 

IFC Markets Trading Platform?

Trading platforms are the necessity of market investors due to their assistance in making trade decisions. Investors can use them for informed decision-making and trading with confidence. The trading platforms are software that, with the instrument and market analysis, guide the trades. 

Moreover, these are customizable, making it simple for traders to use them according to their requirements. IFS Markets offers three trading platforms that are downloadable and work with all the devices. A trader can have the following trading platforms with IFC Markets: 

• NetTradeX 
• MetaTrader4 
• MetaTrader5 

NetTradeX 

It is an advanced trading platform of IFC Markets that operate with PC, smartphones, and tablets. A trading platform that is next level and has ample services to make the trade less complicated. The trading platform has below listed services that traders can have: 

• Fast trading
• More trade instruments
• Order of any volume 
• Portfolio trading
• Accessible 
• 600+ trading instruments
• Best trade executions
• Trading opportunities

MetaTrader4

MetaTrader4 is a well-known trading platform among market investors. The trading platform is famous for forex and other markets as well. It was established in 2005 by the MetaQuotes company for forex traders, but due to its flexibility, it is now suitable for all financial markets. 

The trading platform is user-friendly and thus works with all devices, be it a PC, Smartphone, or tablet. A trader can have the following features with MT4: 

• Indicators
• Trading analysis tools
• Charts and patterns
• Expert advisors
• Automated trading
• Time frames
• Web terminal 
• Multi-terminal 
• Mobile applications

MetaTrader5

MetaTrader5 is an extension of the MT4 trading platform with more advanced technologies and features. As a result, a trader can make the best use of the MetaTrader5 services for the best trades. The MetaQuotes company discovered this software in 2010 with more digitalization and services that will make traders work more efficiently. 

A trader can have the following features with MetaTrader5: 

• Terminal OS Windows
• Automated trading
• Expert advisors
• Charts and patterns 
• Mobile applications
• Art-of-state feature
• Time frames
• Multi-terminal 
• Web terminal 
• Works with all devices
• Accessible 
• Indicators and tools 

IFC Markets Trading Instruments

IFC Markets has 600+ trading instruments from different markets. Here we have listed for the reader’s markets that traders can invest with: 

• Currency pairs
• Precious metals
• Continuous Index CFDs
• Stock CFDs
• Cryptocurrency CFDs
• Continuous CFDs on Commodities
• CFDs on Commodity Futures
• Gold Instruments
• CFDs on ETF 
• CFDs on Crypto Futures

IFC Markets Commission and Spreads

Commission and spreads are the charges that an investor pays for using the services and instruments of trading. IFC Markets has low transaction costs, and thus the commission on trade is nil with no rollover and margin interest charges. Therefore, the broker has zero trade commission. 

Spreads, on the other hand, are the trading cost for the difference between the bid price of the instrument and its ask price. The bid is the highest price, and the ask is the lowest price for the instrument. Spreads with IFC Markets are fixed or floating. The minimum fixed spreads are from 1.8 pips, and the minimum floating spreads are 0.4 pips. 

IFC Markets Leverage

IFC Markets has leverage options available for its clients to make them achieve their goals by opening high market positions. The traders can use leverage offered by the broker to open at a high market position with the initial investment made. However, traders should use it when confident about high profits. 

IFC Markets offers a leverage ratio from 1:1 to 1:400 for the beginners and demo fixed and floating accounts. In addition, the standard fixed and floating account offers leverage from 1:1 to 1:200. 

IFC Markets Deposit and Withdrawal?

Deposit and withdrawal of funds is not a complication with IFC Markets. The broker has payment methods that will make the deposit and withdrawal of funds comfortable. With the broker, traders can deposit funds from USD 1000 for the standard account and USD 1 for the beginner’s account. 

For the process of deposit and withdrawal, traders can use the following: 

• Bank transfer
• Bitwallet
• WebMoney 
• Cash 
• JCB 
• VISA
• Mastercard 

IFC Markets Education and Research Support?

The broker is well advanced and thus has services of education and research to help traders find the opportunities to invest. IFC Markets has advanced research tools that will make the trade easy and educational material to keep the traders up to date. For the following purposes, traders can use the given services of the broker: 

• Video tutorials
• Forex and CFD trading books
• Trader’s glossary
• Educational center 
• Economic calendar
• Market movers 
• Earnings calendar
• Technical analysis 
• Market sentiment
• Top trades 
• Top gainers/losers
• Market overview

IFC Markets  Customer Support

Investors can connect with the professional team of IFC Markets 24/7 to get their assistance. They can contact them using the following: 

• Live chat 
• Skype 
• Messenger 
• Telegram 
• Whatsapp
• Instagram 
• Discord
• Call back 
• Contact number +7 (968) 067 95 13 
• Email address: [email protected] 

Final Verdict

IFC Markets is the best forex online broker with advanced services. The broker has CFDs, ETFs, and futures options to trade along with 600+ instruments. Moreover, the broker is awarded, has 15 years of experience, zero trade commission, 19 languages to support, trading platforms, regulated, and 185 K clients. This makes the broker the best in financial services. 

However, traders should go through the broker’s website and details before investing their funds. This will make them use the services the most and be the top-notch investor. 

FAQ’s

How can traders connect with the customer support of IFC Markets?

Traders can contact the professional support team of IFC Markets through the following services: 

• Live chat 
• Skype 
• Messenger 
• Telegram 
• Whatsapp
• Instagram 
• Discord
• Call back 
• Contact number +7 (968) 067 95 13 
• Email address: [email protected]  

What are trade instruments available with IFC Markets?

IFC Markets has 600+ trading instruments of the following markets:

• Currency pairs
• Precious metals
• Continuous Index CFDs
• Stock CFDs
• Cryptocurrency CFDs
• Continuous CFDs on Commodities
• CFDs on Commodity Futures
• Gold Instruments
• CFDs on ETF 
• CFDs on Crypto Futures

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