IFC Markets Review 2020

IFC Markets is an internationally recognized online trading brokerage with extensive experience in the global financial markets. IFC Markets was founded in 2006 and have since been operating in compliance with the international standards for brokerage services. The brokerage is registered and incorporated out of the British Virgin Islands with their headquarters located at IFC Markets Corp. Quijano Chambers, P.O. Box 3159, Road Town, Tortola, British Virgin Islands.

IFC Markets is known to be a reliable and innovative trading broker as they provide top of the line trading services and exclusive tradable instruments. The broker does their best to accommodate all types of traders whether they are novice traders just starting out or are experienced trading veterans.

However, with so many viable online trading brokerages to choose from, how do you know which one is right for you? Well, in the following IFC Markets Broker Review we’ll shine light on all aspects of this lucrative trading broker so that you can decide if they’re right for you.

As with many online trading brokerages that offer the trading of forex and CFDs, IFC Markets does not charge their traders any commissions but rather incorporates their trading fees into the spread on each trade. Overall, the spreads imposed by IFC Markets are fairly tight and quite competitive with the industry standards. While spreads vary between the assets being traded, IFC Markets offers fixed spreads on their tradeable assets. For the EUR/USD forex currency pair the spread is fixed at just 1.8 pips. This spread is low compared with many other trading brokers with fixed spreads.

While trading without commission but with a fixed spread is a popular method of trading at IFC Markets, the brokerage also offers traders the ability to trade with floating spreads. The minimum floating spread at IFC markets is 0.4 pips for the EUR/USD forex currency pair with commission rates up to $15 for a complete turnover of one standard lot – 100,000 units.

All in all, the trading fees imposed by IFC Markets are very competitive with the industry standards.

IFC Markets features not one but three highly sophisticated trading platforms for their traders to choose from, the MetaTrader 4 & 5 platforms and their very own proprietary NetTradeX platform.  See the trading platforms overviewed below.

MetaTrader 4 & 5 (MT4 & MT5)

These two trading platforms are among the most popular trading platforms in the world. Both platforms are highly advanced and intuitively designed to accommodate the needs of not only experienced traders but beginners as well. The platforms feature advanced charting packages and support automated trading via Expert Advisors (EAs).

NetTradeX

This proprietary trading platform is web-based and accessible via the web browser on nearly any computer. The NetTradeX platform is the only platform allowing traders to trade new financial instruments created by themselves from a variety of available assets. The platform also features sophisticated charts and deep technical analysis features and advanced order types to mitigate risk and increase profits.

Both the MetaTrader and NetTradeX platforms can be downloaded for free from the Apple App Store, Google Play Store, and Windows App Store for use on mobile devices. The platforms have been fully optimized for trading on the small screen and support the majority of the same features as the desktop platforms.

IFC Markets provides their traders with the choice between two real trading accounts and one demo account. See the accounts overviewed below.

Standard Fixed & Floating Account

• Minimum initial deposit $1000
• No maximum equity
• Maximum leverage of 1:200
• Minimum volume of deal (forex): 10,000 units

Beginner Fixed & Floating Account

• Minimum initial deposit $1.00
• Maximum equity $5000
• Maximum leverage of 1:400
• Minimum volume of deal (forex): 100 units

Demo Account

• Same parameters as Beginner Account

Virtual money

IFC Markets supports a wide array of deposit and withdrawal methods for their traders to choose from. See below, the available deposit and withdrawal methods along with their transfer times and associated fees.

Deposits

• Wire transfer: (2 – 3 business days & $30 bank processing fee)
• Local bank transfer in Japan: (within 1 business day & the banks processing fee)
• Bank cards: (instantly & free)
• Bitwallet: (instantly & free)
• WebMoney: (Instantly & 0.8% commission with a max fee of $50)
• Skrill: (instantly & free)
• Neteller: (instantly & free)
• Unistream: (within 1 business day & varying commissions)

Withdrawals

• Wire transfer: (2 – 3 business days & $25 bank processing fee)
• Bank cards: (1 – 5 business days & 2% + $7.50)
• China Union Pay: (1 – 2 business days & 0.3% commission)
• WebMoney: (minutes & 0.8% commission with a max fee of $50)
• Skrill: (minutes & 1 %)
• Neteller: (minutes & 2% commission with a max fee of $30)
• Western Union Money Transfer: (1 – 2 business days & fees vary)

IFC Markets provides their customers with an unparalleled level of customer support. Support representatives can be reached via telephone, callback, email, live chat, Telegram, WhatsApp, and Skype. Support is available Monday – Friday 7am – 9pm CET. Also, the support offered is available in 12 different languages and traders have access to an extensive FAQ page and comprehensive education centre.

IFC Markets is a very safe and secure online trading brokerage with an impeccable reputation over 12 years in the market. IFC Markets currently serves over 120,000 satisfied clients from 80 different countries. All clients are treated fairly and are given the same opportunities to succeed in the financial markets. IFC Markets is licensed and regulated by the British Virgin Islands Financial Services Commission (BVI FSC). This regulation ensures the brokerage operates in a secure, fair, and transparent manner, which is exactly how IFC Markets operated. As well, IFC Markets is a partner of the Professional Indemnity for Financial Institutions Insurance in AIG Europe Limited which protects customer accounts. Apart from the brokerage’s partnerships and regulations, they employ the latest and greatest security measures such as advanced SSL (Secure Socket Layer) encryption on all transmitted data. All in all, IFC Markets is a very secure, fair, and transparent online trading brokerage.