I’ve withdrawn funds only for a couple of times, everything was quick and without problems. The IFC Markets forex broker offers four different types of accounts in total. It is also pity that this is actually a problem because there are other forex brokers out there that may not incorporate Skype into their customer service line up but still treat their clients with respect. They also show willingness to do what they can to resolve your issues as quickly as possible. IFC Markets customer service agents on the other hand are the complete opposite of this. So far, IFC Markets is regulated by the European Authority CySEC, the British Virgin Islands Financial Services Commission, and the Federal Territory of Labuan.
Next clients must choose to open either a demo or live account and select their account preferences, including trading platform , account type, level of leverage, and base currency. Overall, IFC Markets qualifies as an excellent choice among currently available forex and CFD brokers, and while it lacks a major regulator, it does have 3 minor regulators. Traders open new accounts via a brief four-step online application, the final two consisting of a deposit and trading platform download.
IFC Markets Pros and Cons
In a welcome show of transparency, IFC Markets publishes all swap fees for each instrument on its site. Swap fees are derived from the current bank interest rates plus a small mark-up charged by IFC Markets. In the case of Forex instruments, the amount charged depends on both the positions taken (i.e. long or short) and the rate differentials between the two currencies traded. Founded in 2006, the IFC markets group is based in the British Virgin ifc markets review Islands and consists of three brokerage firms and a FinTech company. It maintains regulation from the British Virgin Islands Financial Services Commission , Labuan Offshore Financial Services Authority, and the Cyprus Securities and Exchange Commission . FOREX.com, registered with the Commodity Futures Trading Commission , lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade.
I have been scammed by three different platforms already, someone should please advice me on how to start thanks. If you are looking for a reliable broker with impressive list of stocks and crypto, you will probably love IFC Markets. Trading with them for more than a year and I’m pretty much satisfied. Platforms are available on the Web version as well, yet feature less functionality and comprehensive tool rather than the desktop does. Meanwhile, it is good for monitoring and basic trading strategies and definitely worth consideration as well.
Comments & Reviews
You can even tap into market trends of major stock exchanges by investing in an index. On IFC Markets, you can invest in global financial markets and easily manage a variety of assets in a single portfolio. Investors can bet on stock CFDs in everything from healthcare to technology, from New York to Hong Kong. You will need to verify your account by providing government-issued identification, proof of residence, and any other documents before you get started.
Not saying when price just touched my stop order and go opposite way. IFC Markets always aims to provide its clients the best available service. One of the good and well known forex brookers especially for Iranian people. In 2019 and early 2020 they had held 10-session of elementary forex technical analysis webinars for iranian people.
Overall, IFC Markets’ trading platform support is one of the best in the industry – it offers enough choice to keep most traders satisfied. Both deposits and withdrawals take 2 – 3 days to be processed. Overall, IFC Markets’ non-trading fees are average compared to other market maker brokers, with high withdrawal and deposit fees on some methods, but no inactivity fees. The best broker for forex trading depends in large part on your needs and preferences. IFC Markets would be a decent choice for many traders, although you would not qualify to open an account with that broker if you’re based in the U.S. or Russia. I started using ifcmarkets early this year, February to be precise.
- That is not the error, that is how the MetaTrader platforms work, and we can not affect it in any way as we are only the licensee and not the developer of the MetaTrader platforms.
- This is because when trading a USD quoted currency pair with another currency account, there will be a small conversion fee for every trade made.
- I spoke to their support on rare occasions who were very rude and would even end the chat on me.
- It also offers Autochartist for free, one of the best analysis tools on the market.
- IFC Markets gives you the keys to access forex and CFDs from some of the biggest exchanges, allowing you to trade the most popular assets with ease.
- The payment methods include a range of world-leading payment providers, thus the IFCM supports Wire Transfers, Bank Cards, WebMoney, Skrill, Neteller, OKPAY, Unistream, and transfers between own trading accounts.
The account opening is fast with a demo account option, and the pricing is competitive with a low minimum deposit requirement with tight floating and fixed spreads. You can also take advantage of a free demo account that allows you to gauge the broker’s services and develop a trading plan. https://forex-reviews.org/ In addition, IFC Markets offers an extensive educational section that novice traders should find very helpful. Trading costs are higher than average on its fixed spread accounts, but significantly lower than average on its variable spread accounts – down to 0.4 pips on the EUR/USD.
IFC Markets Customer Service
IFC Markets is a legitimate forex and CFD brokerage company, regulated by two agencies, and very unlikely to run away with your money. Throughout its history, IFC Markets never reported a case of hacking despite holding hundreds of millions in customers’ money that hackers would love to steal. This attribute indicates IFC has done an excellent job keeping the platform safe for customers’ money. IFC equally extends its record of customer safety to keeping its own users from falling victim to safety and privacy concerns that may affect the platform. The broker does not hold back resources and features to keep customer accounts safe from unauthorized access.
You can also earn up to 7% annual interest on the free margin money in your trading account. To fund your IFC Markets account you can make a deposit via a Visa or Mastercard bank card, International Bank Transfer, Perfect Money, Boleto, Pasargad Novin, TopChange, Bitwallet, WebMoney, Unistream and Bitcoin. Some deposits are processed immediately, while others take 2 or 3 days, depending on the deposit method. They have a weak choice of stocks to trade, their spreads and prices are not competitive and this is not a broker.
Cryptocurrencies are growing in popularity, and modern-day traders can now add these assets to their portfolios without ever leaving the IFCmarkets’ website. There’s also a demo option that will allow you to check out the various platforms while practicing trading methods with virtual funds. The demo online trading account is entirely free of charge, meaning you don’t have to enter any credit card information.
Conclusion: Is IFC Markets really the Best for Small Volume Traders?
I only traded once every minutes, and I got a few thousand dollars back. Yesterday Monday night, I found out that the funds in my account were applied for withdrawal. A total of $11,100, and now there are only a few thousand left. He said that the funds were withdrawn to the BTC wallet, but I clearly did not apply for deposits in BTC or other digital currencies before, and I did not accept the withdrawal of funds in this way. They just said my member center password, they didn’t give me the record IP of the application, they just said it was a different country.
IFC Markets offers more than 10 trading accounts with 3 different trading platforms. IFC Markets has an online Educational Center that helps new traders gather all the information they need to understand concepts like CFD and Forex trading, profit and loss calculations, and various trading platforms. This platform also provides users with video tutorial guides to further elucidate CFD and Forex trading.
Deposit Bonus – Receive a 100% Bonus on Deposits (Max Bonus $5, . Bonus credited after required lots are traded. – Traders Way
It is a legit international multi-asset broker with a clean regulatory track record. IFC Markets is a safe broker with a trustworthy and reliable trading environment. Besides complying with three regulators, it also has a Professional Indemnity Insurance at AIG Europe Limited. With more than 25,000 available plugins and EAs, traders can transform MT4 into a cutting-edge trading solution, but traders must purchase them, as the free ones hardly function as advertised.
Overall, IFC Markets provides a broad range of tradable assets, which should leave most professional traders satisfied. Third-party platforms such as MT4 and MT5 are less user-friendly and more difficult to set up than the NetTradeX platform. However, traders can take their customised versions of these platforms with them should they choose to migrate to another broker. However, unlike most other brokers, IFC Markets does not charge inactivity fees on dormant accounts, but accounts will be archived after only one month of inactivity. Some of the most overlooked trading costs are the non-trading fees that are charged by brokers. These fees can significantly affect your profitability and so should be carefully scrutinised.
Additionally, IFC Markets’ educational and market analysis materials are comprehensive and well-structured and provide a good overview of the basics of trading. Experienced traders tend to prefer accounts with higher minimum deposits and tighter spreads. However, traders should note that they can only access the lower-cost floating spread accounts on the MT5 and NetTradeX platforms, making MT4 an unappealing option. Dealing spreads at IFC for forex trades start at 0.4 pips for floating spread and 1.8 pips for fixed-spread accounts, although spreads increase depending on the trading platform and currency pair. CFD trades incur a minimum commission of 0.1% of the traded amount, which amounts to $0.02 per share for U.S. stocks. For more information on share commissions in other markets, click here.
The trading workstation gives you everything you need to stay in sync with the market, and reach goals. To get started, click on the ‘open account’ button at the top of the page that takes you to the registration form. The firm’s latest branding efforts occurred in 2021 as it celebrated 15 years of facilitating traders around the globe, with the launch of a campaign aiming to reward top users with fancy, luxury gifts. For the most part, IFC keeps it original and as simple as trading can be. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.
The regulatory body in charge is the BVI Financial Services Commission. With that it means that the body is allowed to formulate investments and deals. Before getting the license, the body undergoes vetting by the FSC.