IFC Markets Review
|Headquarters||Quijano Chambers, P.O. Box 3159, Rhode Town, Tortola, British Virgin Islands|
|Support Number||+3572-2000-149 (Cyprus), +7-963-993-75-10 (Telegram/WhatsApp)|
|Support Types||Callback, Phone, Email, Chat, Skype, WhatsApp, Telegram|
|Languages||English, German, Italian, French, Japanese, Chinese, Czech, Portuguese and others|
|Trading Platform||Authoring NetTradeX, MetaTrader 4, and MetaTrader 5|
|Minimum 1st Deposit||$1|
|Minimum Trade Amount||0.01 lots|
|Leverage||1:200, 1:400 depending on the type of account|
|Spread||Min. fixed from 1.8 points, min. floating from 0.4 pips|
|Free Demo Account||Open Demo|
|Regulation||BVI FSC, Certificate No. SIBA/L/14/1073C|
|Account Types||Standard, micro и demo|
|Deposit Methods||Bank transfer, Skrill, Neteller, MasterCard, Visa, QIWI, WebMoney, Bitcoin, Western Union, Unistream, transfer between your trading accounts|
|Withdrawal Methods||Bank transfer, Skrill, Neteller, MasterCard, Visa, QIWI, WebMoney, Bitcoin, Western Union, Unistream, transfer between your trading accounts|
|Number of Assets||600+|
|Types of Assets||Currency pairs, precious metals, continuous CFDs on indices, CFDs on stocks, continuous CFDs on commodities, CFDs on commodity futures, gold instruments, CFDs on ETFs, CFDs on crypto futures|
|Account Currency||USD, EUR, JPY|
|US Traders Allowed|
- 1. Trading conditions with IFC Markets
- 2. IFC Markets platform
- 3. IFC Markets mobile application
- 4. Bonuses in ifcmarkets.com
- 5. Deposit and withdrawal
- 6. Complaints against IFC Markets
- 7. ifcmarkets.com broker regulator
- 8. Is IFC Markets a scam?
- 9. Summary
- 10. Reviews
The broker has been operating since 2006. It is a structural subdivision of IFCM Group holding. This group of companies develops and implements projects in the field of financial technologies.
Being registered in the British Virgin Islands, IFC Markets is licensed to invest in two categories: dealing and transaction management. An important point is the fact that the project is insured against risks of professional responsibility in a reputable American insurance corporation AIG EUROPE LIMITED.
Trading conditions with IFC Markets
The broker expands the range of services provided and is constantly focused on the development and implementation of innovative approaches to trading. He offers his clients the following trading accounts: Beginner NetTradeX, Standard NetTradeX, Micro MT4 and Standard MT4. When opening a beginner (for beginners) or a micro account, you can make a deposit of a very small amount – from $1. The maximum starting capital for this type of account is $5000. Leverage is up to 1:400. To open a standard account in NetTradeX or MetaTrader 4, you need an initial deposit of $1000 and leverage of up to 1:200. Traders can open accounts in USD, EUR or JPY.
When a trader’s equity in a Micro account reaches or exceeds the maximum allowable amount of $5000, the opening of new positions will be automatically suspended. To continue trading, the client must either change the account type to a standard account or withdraw the excess funds to reduce the capital to $3000 or lower.
A demo account is available on any of the three platforms. In addition, Islamic users can open an Islamic trading account where swaps are not calculated. VIP status and conditions are offered to exclusive clients and are automatically assigned to accounts with a trading deposit of $50,000 or more. The VIP package includes flexible trading terms, exclusive personal tools, free access to VPS, 0 deposit and withdrawal fees and up to $10,000 upfront deposit to your trading account.
IFC Markets has a number of unique features that distinguish it from other brokers. One of the most important features of the company is that it gives a unique opportunity to create and trade with own new financial tools of the broker (PCI) from the set of available assets. Expanding this list, in 2018 IFC Markets presented Bitcoin futures for trading. IFC Markets offers fixed and floating spreads, giving traders the opportunity to choose the one that best fits their trading strategy. Another important and essential feature of the project is the proposed leverage of up to 1:40 for stocks. IFC Markets has so many widgets that it is difficult to list them all. They include the following: live price, currency converter, live quotes, market sentiment, 3 to 1 widget and much more. There are also several partnership opportunities, such as the introduction of brokers and media partners, which is a universal affiliate program specifically for active network users. Anyone who has a personal website or blog site and considers themselves a webmaster can use the new IFC Markets revenue generating features.
The project has an extensive educational base. Clients are provided with a variety of training materials on financial markets. The site has a daily market overview. Weekly analysis of the market situation is represented by a video clip, and the moods of buyers and sellers are also published once a week. In addition, technical analysis and market data, including price history and live charts, can be observed daily. Recently IFC Markets added a new analytical tool Top Gainers and Losers, that immediately calculates the market driving forces. It provides 10 tools that show the highest growth and the biggest decrease in the selected period of time (up to 1 year). Traders can calculate profitability and losses for any selected group – shares, currency pairs, precious metals, indices, goods, golden tools, ETFs, PCI library. Once a week a new analytical article is published based on Top Gainers and Losers.
In addition, there are extensive articles on various topics, including a whole series on portfolio trading and one content on spread trading. The articles in the «our innovations» section include concepts such as portfolio quote method, pair trading and much more. An economic calendar with global financial events and different time zones is available and detailed. Several calculators complete the broker’s training material. These include currency converter, profit/loss calculator and margin calculator. IFC Markets provides highly qualified customer support in 18 languages. Traders can contact managers via e-mail, callback, Skype, phone call, WhatsApp, Telegram, Trading Table. The customer support is available 24/5. The FAQ is divided into four subsections, and all questions not listed there can be sent to support representatives using any of the above contact methods.
IFC Markets platform
The broker offers to customers its own trading platform NetTradeX, as well as MetaTrader 4 and MetaTrader 5 platforms, the most popular by traders.
NetTradeX trading platform is the brainchild of IFC Markets developers and has a number of advantages that make it unique among other trading analogues. NetTradeX gives investors the opportunity to open positions of any volume, explore various charts and technical analysis tools that will help to forecast the market, create their own unlimited financial tools using PCI technologies. Moreover, the author’s development allows you to build an Expert Advisor with the help of a simple programming language NTL +, to put up any types of orders, to receive the latest financial news, etc.
MetaTrader 4 trading platform is very common among traders, because most speculators know its distinctive features. Its functionality allows you to safely perform trading operations due to the reliable encryption. Here there is also a system of automatic trading. Many built-in indicators help to conduct financial market research and solve various trading problems. In any case, having such a significant arsenal of tools, a trader will always be able to identify and use any market movement to make a profit.
This platform works ideal for experienced speculators, as it offers two types of stop orders and four types of pending orders – more options than the standard MT4. MetaTrader 5 provides users with a more advanced chart time frame (more time frames) and a built-in economic calendar that can help traders plan their trades more accurately.
The main difference between this version and MT4 is that you cannot open opposite positions here. Also, when opening the next order, it is not possible to observe it separately, because the new position is added to the already open and averaged. The multicurrency tester of manual strategies allows you to study various trading developments on several assets at once.
ifcmarkets.com broker quotations
Receiving asset quotes without delay helps a trader to make the right trading decision. In turn, the project itself aggregates quotes from leading liquidity providers and generates quotes flows for clients from the best prices.
In the «Business model» subsection this whole process is reflected schematically. Forming quote flows from the best prices, IFC Markets accumulates client orders up to a certain volume and transmits them to the ECN-sites. During trading in the trading terminal speculators can see the best prices for buying and selling. Focusing on them, you can build the more successful trading strategy (Forex strategies).
IFC Markets demo account
Demo version, presented by any company, gives an opportunity to users to study the behavior of various assets in more detail and build their own trading strategy. And, for this purpose, the trader uses virtual means and is not afraid to lose the real ones. IFC Markets provides clients with a demo account to test their trading skills and learn the functionality of trading platforms. Testing can be carried out using virtual dollars, euro, yens and bitcoins on the balance. Trading conditions are the same as on real accounts. The broker offers the free demo account both for NetTradeX and MetaTrader 4 and 5 platforms. Demo period of validity is not limited.
IFC Markets mobile application
The presence of this application in any brokerage company is an obvious advantage over competitors who do not have it. Mobile trading with the help of the Internet is realized without any problems on the way, at work, at home. More compact than a computer or laptop, a smartphone is a good help for making a profit. Mobile versions of IFC Markets provide their clients with such an opportunity. They can be easily downloaded to a mobile device. It should be noted that all trading platforms – NetTradeX, MetaTrader 4 and MetaTrader 5 have their own mobile versions. Moreover, they are available from any device with different operating systems, such as Android, iOS and Windows Mobile.
It should be taken into account that their design differs from the terminals developed for personal computers. Alas, but in mobile devices the set of functions is limited. There are fewer technical indicators and you cannot use the function of creating personal composite tools. However, being an innovative financial structure, ifcmarkets.com provides its users with a wide range of trading and analytical tools contributing to earnings.
Bonuses in ifcmarkets.com
Various brokers, in order to increase the client base, offer potential users all kinds of bonuses. Incentive programs are very diverse: deposit-free remuneration, welcome bonus, bonuses, replenishment, loss compensation. But, as a matter of fact, these are investments always directed only at attraction of a target audience.
Previously, the project practiced a welcome bonus. These are additional charges up to 100% of the deposit amount for active trading on the account. The amount of remuneration itself depended on the trading turnover and was equal to 10 USD for each standard lot of transactions. The maximum bonus amount was 500 USD. The total reward for the previous month was credited to the user’s trading account until the 15th day of the next month. Now this promotion is over. Now the program «Annual Interest on Free Money» is valid. It is beneficial for those traders, whose free funds on deposit will not participate in trading. Thanks to them, the owner will receive a monthly fee as a percentage of the amount involved. In fact, this is the percentage of free margin charges.
The table on the website clearly shows the interest rates depending on the trade turnover. One of the distinctive features of the company is that it does not offer «super beneficial» bonuses, as it happens with many unlicensed competitors.
Deposit and withdrawal
The project for deposit replenishment offers various options: bank transfer, Skrill, Neteller, MasterCard, Visa, QIWI, WebMoney, QIWI, Bitcoin, Western Union, Unistream, same-client transfer. It should be remembered that the terms of transfer vary from one payment system to another. For example, funds are deposited via Skrill instantly. Other systems carry out transactions from a few hours to several days.
Withdrawals also vary. In Skrill, WebMoney, Neteller, QIWI systems it takes a few minutes to withdraw. The rest of the options transfer capital from one to three days. The fee for money transfer is also different. The broker does not charge any additional fees for this, moreover, when using some payment systems, it pays this fee itself.
Complaints against IFC Markets
You can see various reviews on the network about ifcmarkets.com. There are many positive evaluations, but there are also negative statements about the project. In general, clients are not satisfied with the time delay of withdrawal of funds from the deposit. However, the efficiency of transactions depends not only on the broker. Unfortunately, payment systems that implement money transfers at the final stage do not always work correctly and clearly.
Sometimes users are dissatisfied with the manner of communication of the company’s management. But in any case, the broker’s representatives, who monitor the feedback, try to react instantly to the complaints of traders and investors. It is noticeable both on social networks and on thematic forums. The project is always open for communication. Undoubted advantages of a broker are obvious:
- License and regulation, brokerage activity term of more than 13 years.
- A large number and variety of financial tools for trading, fixed spread.
- Possibility to create own composite tools PC.
- Qualitative training department.
- A unique method of portfolio quoting, which creates unlimited trading opportunities.
- Variety of trading platforms.
- Profitable affiliate program.
- Continuous CFD trading.
- AIG EUROPE LIMITED company insurance against risks.
If we find complaints about IFC Markets, we will post it on social media. Follow us to be well informed:
ifcmarkets.com broker regulator
IFC Markets is a member of the largest IFCM Group, whose structure is also formed by IFCM Cyprus Limited (licensed CySec) and NetTradeX Corp. developing multifunctional software for trading. The IFC Markets project itself is registered at BVI under the registration number 669838. The British Virgin Islands Financial Services Commission (BVI FSC) licensed it to implement investment activities in several categories (Certificate no. SIBA/L/14/1073). The project operates under the Law on Securities and Investment Business of BVI, 2010 («SIBA», or «Law»), and the regulatory BVI Code, 2009 («rules»), may be changed from time to time.
The Cyprus regulation (CySec) is considered to be very authoritative because it requires all brokerage companies regulated by it to have a minimum amount of 730,000 euros in their accounts. Clients’ funds are kept in separate accounts and are not mixed with the broker’s capital. Moreover, all brokers are participants in a special compensation fund. In case of unfavorable financial situation, the fund pays to investors a certain amount (up to 20 thousand euros each).
IFC Markets User agreement
The careful study of the user agreement largely predetermines the relations between the trader and the company. Before concluding a contract on further cooperation, each speculator should know the most important aspects of it: the opportunities and conditions of trading, the conditions of depositing (withdrawal) of funds, commissions, fees, etc. It is necessary to learn to understand this, because some consequences may well be irreversible and in the future lead to significant losses in the process of trading.
At IFC Markets this agreement is called a client agreement and is located in the section «Documents». The broker notifies clients that it supports «complaint procedures», which are contained in the online trading center and can be provided to clients upon request. Customers should notify the company as soon as possible if they intend to file a complaint by e-mail to [email protected] It is advisable to keep their own records of any information provided in their complaint, as this will assist the company in its investigation. All conflict situations are not left unaddressed. The company has procedures and guidelines designed to address them promptly and fairly.
The broker informs the users that he reserves the right to impose deposit limits and commissions at any time. In the event of a withdrawal or refund, the company reserves the right to transfer funds to the same payer and by the same payment method by which the funds were originally transferred.
All provisions of this Client Agreement shall be governed by and construed in accordance with the laws of British Virgin Islands, and disputes shall be settled in the courts of this country.
Is IFC Markets a scam?
IFC Markets is the main trademark of IFCM Group, whose member companies have been involved in the development and implementation of new effective projects in the field of financial technologies for more than 10 years. IFCMarkets is an international Forex and CFD broker with 13 years of experience. IFC markets are regulated and licensed by authoritative organizations, such as European CySEC and BVI FSC. The business model of the project is based on transparent and trusting relations with clients through STP execution and a number of platforms, including a proprietary platform with powerful functions.
IFC Market research shows that it is one of the busiest sites in the world. There are many charts, reports and thematic features here. The project takes into account the fact that financial literacy of most beginners is a serious problem. Therefore, the site presents a list of materials in abundance and at an advanced level. The choice of trading accounts is small, but adequate, and it is nice to see that there are several demo accounts. In general, this broker offers everything a trader needs in a clear and convenient form. That’s why it can’t be a swindle.
IFC Markets proves the transparency of its activities in the financial market more than 13 years. Proper regulation and licensing confirm the reliability of this project. Since the trading environment is not the only important part of successful trading, the broker recognizes the need to support and train his clients in various ways. The firm has professional compensation for insurance of financial institutions in AIG EUROPE LIMITED. Moreover, the company, thanks to its development positions, strives to support unique innovations that improve the trading environment and bring it to a higher level.
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