IFC Markets Review 2024
What is IFC Markets?
IFC Markets is a leading global provider of Forex and CFD trading, offering a wide range of financial instruments to trade, including currencies, CFDs on stocks, cryptos, and more. The company has been operating in the market for 17 years and has earned the trust of over 210,000 clients worldwide. IFC Markets offers 650+ trading instruments with low fixed spreads starting from 0.4 pips and instant execution. The company provides fast and reliable withdrawal/deposit options starting from $1 and is regulated and licensed by BVI FSC. The company’s trading platforms are available for all devices and include NetTradeX, MetaTrader 4, and MetaTrader 5. IFC Markets also offers a trading academy with interactive Forex education from A to Z, helping traders boost their profits. In technical analysis, traders mainly deal with different charts and technical tools to reveal the past, present, and future state of currency prices. In fundamental analysis, the importance is given to the macroeconomic and political factors that can directly influence the foreign exchange market. In summary, IFC Markets is a reputable Forex and CFD broker that offers a wide range of financial instruments to trade, low fixed spreads, fast and reliable withdrawal/deposit options, and a variety of trading platforms for all devices. The company has been operating in the market for 17 years and has earned the trust of over 210,000 clients worldwide. Its trading academy provides interactive Forex education from A to Z, helping traders boost their profits.
What is the Review Rating of IFC Markets?
- 55brokers: 55brokers rated IFC Markets with a score of 86. This rating was last checked at 2024-01-06 12:11:03. Forexbrokersinfo multiplies the 55brokers rating times 10 to normalize the rating to 100.
- Brokersview: Brokersview rated IFC Markets with a score of 69. This rating was last checked at 2024-01-06 20:23:03. Forexbrokersinfo multiplies the 55brokers rating times 10 to normalize the rating to 100.
- Trustpilot: Trustpilot rated IFC Markets with a score of 82. This rating was last checked at 2024-01-05 23:44:02. Forexbrokersinfo multiplies the 55brokers rating times 10 to normalize the rating to 100.
- Wikifx: Wikifx rated IFC Markets with a score of 52. This rating was last checked at 2024-03-14 11:57:03. Forexbrokersinfo multiplies the 55brokers rating times 10 to normalize the rating to 100.
What are the Pros of IFC Markets?
IFC Markets is an international Forex & CFD broker with a wealth of experience, having been in the industry for over 13 years. Here are some of the key advantages of trading with IFC Markets:. Regulation: IFC Markets is regulated and licensed by several international organizations, including the European CySEC and BVI FSC. This regulation provides assurance to traders about the safety of their funds. Wide Range of Trading Instruments: IFC Markets offers a broad selection of more than 600 trading instruments. These include currency pairs, precious metals, index CFDs, stock CFDs, commodity CFDs, CFDs on commodity futures, ETFs, crypto futures, and gold instruments. Competitive Spreads and Low Minimum Deposit: IFC Markets offers competitive spreads and a low minimum initial deposit of just $1. This makes it accessible to traders with varying levels of capital. Innovative Portfolio Quoting Method: IFC Markets provides an innovative Portfolio Quoting Method, which allows users to create their own synthetic instruments and portfolios. This feature provides traders with a unique opportunity to customize their trading experience. Advanced Trading Platforms: IFC Markets provides access to advanced trading platforms, including its proprietary platform NetTradeX, along with the popular MetaTrader 4 and MetaTrader 5. These platforms come with advanced analytical capabilities, enhancing the trading experience. Interest on Unused Account Funds: IFC Markets offers up to 7% annual interest on free margin. , providing an additional benefit to traders. Leverage: IFC Markets offers leverage up to 1:400 for all the instruments, except for CFDs on ETFs, Stocks, and Commodity Futures – where the leverage is up to 1:40. This high leverage can potentially amplify profits, although it also increases risk. Fund Insurance: IFC Markets provides fund insurance by AIG EUROPE LIMITED. , further enhancing the security of traders’ funds. . In conclusion, IFC Markets offers a comprehensive and competitive trading environment, making it a strong choice for both novice and experienced Forex traders.
What are the Cons of IFC Markets?
Here are some of the cons of IFC Markets:. Regulation: IFC Markets is regulated only by the BVI FSC in the British Virgin Islands. This might be a concern for some traders who prefer brokers regulated by more established authorities like the FCA or ASIC. Spread: The spread at IFC Markets is fixed and starts from 1.8 pips. This is about $10 more than many other Forex brokers. , which could impact the profitability of trades, especially for high-frequency traders. Restrictions on Trading Strategies: As a Dealing Desk (DD) broker, IFC Markets prohibits the use of Expert Advisors (EAs) or trading during news times. This could limit the trading strategies available to traders, particularly those who rely on automated trading systems or news trading. Limited Bonus Promotions: IFC Markets does not often run bonus promotions. This could be a disadvantage for traders who are looking for additional incentives from their brokers. Limited Customer Support Options: Compared to some other brokers, IFC Markets has limited customer support options. This could potentially lead to slower response times during critical trading periods. Limited Educational Resources: For newbie traders, the educational resources provided by IFC Markets might be limited. This could impact the learning curve for beginners who are new to Forex trading. Limited Research and Analysis Tools: IFC Markets offers limited research and analysis tools compared to some other brokers. This could be a disadvantage for traders who rely heavily on these tools for their trading decisions. High Risk: According to statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. This high risk is something that traders should be aware of when considering IFC Markets. Please note that while these points highlight some of the potential disadvantages of trading with IFC Markets, it’s important for each trader to conduct their own due diligence and consider their individual trading needs when choosing a Forex broker.
What are the IFC Markets Current Promos?
IFC Markets offers a variety of promotions to its clients. Here are some of the current promotions:. 15 Years Anniversary Promo: This promotion offers clients the chance to win a new Mustang MACH-E Electric Sports Car, a Dream Cruise for two, and many other cool prizes. The program takes place in two stages with two sets of prize draws. League of Champions 2021: This was a super tournament for traders held in summer 2021. Traders had the chance to win a 5 OZ Gold Bar, $100 & $50 Bonus cards, a Mac Book Pro, an iPhone 12, an Apple Watch, and other cool prizes. Participants needed to be at least 18 years old and have a live account with IFC Markets with at least a $100 deposit. Follow Your Dream: This promotion was open to both new and existing IFC Markets clients. Participants needed to open a live trading account with IFC and make the required deposit of at least $250. IFC Markets credited a 30% “Welcome” bonus in the first stage of the promo, and traders also had the opportunity to receive a monthly bonus of 30% and special “tickets” to participate in the Tesla Model 3 and many other valuable prizes in the Final Draw. Partnership Program: This program rewards you with an extra commission based on the trading activity of clients referred to IFC Markets by your sub-partners. You can get an additional 50% of all commission rewards earned by your sub-partners. Annual Interest on Free Margin: This program allows you to earn up to 7% annual interest on your free margin. Invite Friends Program: This program allows you to invite a friend or friends and receive a bonus up to $50 for each friend. As soon as your friend starts trading, your friend will also receive a bonus, up to $75. Trading Academy Bonus: This program is a great boost for novice traders. You can enhance your trading skills and receive a 15% bonus on your first deposit. Birthday Promo: This promotion is designed as a nice gift for all traders. Participants must top up their account with at least $100 and get the Birthday Bonus. Please note that all promotions are subject to terms and conditions. For more information, please visit the official IFC Markets website.
What are the IFC Markets Highlights?
The IFC Markets is a leading financial institution that provides top-level services to its clients. Here are some of the highlights:. Investment Commitments: In the fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries. This represents a significant effort to leverage the power of the private sector to improve people’s lives as economies grapple with the impacts of global compounding crises. Climate Commitments: IFC set a record for climate commitments, which surpassed $14 billion. This demonstrates their commitment to addressing the intensifying climate crisis. Gender Targets: IFC exceeded their gender targets, focusing on the massive untapped potential of female entrepreneurs. They are addressing a more than $5 trillion financing gap for micro, small, and medium enterprises (MSMEs). Food Security: To ensure the most vulnerable have access to food, IFC launched a $6 billion Global Food Security Platform. They have worked to stabilize volatile food markets and provide much-needed finance to companies along the food supply chain. Trading Instruments: IFC Markets offers over 650 trading instruments with excellent conditions. They provide instant execution and low spreads from 0.4 pips. Support: IFC Markets provides technical support within a few minutes to any part of the world. These highlights demonstrate IFC Markets’ commitment to creating opportunities in challenging markets and their dedication to providing top-level services to their clients.
Is IFC Markets Legit and Trustworthy?
IFC Markets is a financial services company that has been in operation since 2006. It offers a range of services including forex trading, CFD trading, and commodity trading. The legitimacy and trustworthiness of IFC Markets have been a topic of discussion among traders and investors. Based on customer reviews. , IFC Markets has a rating of 4.0 out of 5, indicating a generally positive perception among its users. Some users have praised the company for its range of services, bonus offerings, trade ideas and analyses, payment and withdrawal methods. One user mentioned that IFC Markets’ software package operates flawlessly and has impressive depth. However, it’s important to note that there are also some negative reviews. Some users have raised concerns about high spreads. Another user mentioned that the minimum lot size on the standard account is 0.1 lot instead of the 0.01 lot that many other brokers offer. IFC Markets is regulated by the British Virgin Islands Financial Services Commission (BVI FSC). While regulation by a financial authority is generally a positive sign, it’s worth noting that the BVI FSC is considered one of the weaker regulatory authorities when it comes to investor protection. There are also some websites that have flagged IFC Markets as potentially fraudulent. These sites suggest that IFC Markets is engaged in activities with a high risk of fraud, particularly related to cryptocurrency, investments, and casinos. In conclusion, while IFC Markets appears to have a generally positive reputation among its users, there are some concerns and potential red flags that prospective clients should be aware of. As with any financial services provider, it’s important to do thorough research and consider multiple sources of information before deciding to engage with the company. It’s also crucial to understand the risks associated with forex trading and other forms of investment.
Is IFC Markets Regulated and who are the Regulators?
IFC Markets is indeed a regulated entity. It is regulated by the BVI Financial Services Commission. This regulatory body ensures that IFC Markets adheres to the necessary standards and practices required for a brokerage company operating in the Forex market. The Forex market is a global network of currency trading that includes large financial institutions such as central and commercial banks, pension funds, insurance companies, transnational corporations, as well as brokers and dealers. Due to its structure, the currency market cannot be controlled by a single regulator. Therefore, the relationship between Forex market participants is regulated by special bodies of individual countries with developed financial systems. Over time, the most authoritative national regulatory institutions have become transnational. Some of the most influential regulators of the Forex market or other segments of the global financial market that have the most direct impact on the work of Forex brokers include the NFA (US National Futures Association), SEC (US Securities and Exchange Commission), FCA (Financial Conduct Authority), MiFID (The Markets in Financial Instruments Directive), and CySeC (Cyprus Securities and Exchange Commission). However, it’s important to note that there are some concerns about the scope of IFC Markets’ business exceeding the regulations set by Cyprus CYSEC (license number: 147/11) and the MalaysiaLFSA regulation (license number: MB/20/0049) claimed by this broker is suspected to be a clone. Therefore, potential investors should be aware of these risks. In conclusion, while IFC Markets is regulated by the BVI Financial Services Commission, potential investors should conduct thorough research and exercise caution due to the aforementioned concerns.
Did IFC Markets win any Awards?
Yes, IFC Markets has won several awards in the forex industry. According to the company’s website, IFC Markets has won 23 International Forex Awards and has been recognized as the Best and Most Recommended Forex Broker by many popular international financial magazines. IFC Markets is licensed by the BVI Financial Services Commission and has been awarded for its customer-centric approach, innovative CFD trading conditions, and reliable forex brokerage services. The company has also been recognized for its best customer services in Malaysia, best forex broker service in Malaysia, and best international forex broker in Vietnam and South Korea. IFC Markets has been awarded for its trading platforms, including the best MT5 trading platform in Southeast Asia, best forex education provider in Southeast Asia, and best multi-asset CFD broker in Southeast Asia. The company has also been recognized for its commitment to sustainability, winning the award for the most sustainable multi-asset CFD broker in Southeast Asia in 2021. In summary, IFC Markets has won several awards in the forex industry for its customer-centric approach, innovative trading conditions, reliable brokerage services, and trading platforms. The company has also been recognized for its commitment to sustainability.
How do I get in Contact with IFC Markets?
IFC Markets, a leading global provider of Forex and CFD trading. , offers several ways for customers and interested parties to get in touch with them. Phone Contact. Great Britain: +442039661649. Canada: +16136864362. Email Support. General Inquiries: info@ifcmarkets.com. Partnership Department: ib@ifcmarkets.com. English Support Time: Mon - Fri, 6:00 - 19:00 CET, Sat - Sun, 7:00 - 15:30 CET. Physical Address. IFCMARKETS. CORP. Post Address ‘AGP Chambers’, 84 Spyrou Kyprianou Avenue, 4004 Limassol, Cyprus. Registered Address Quijano Chambers, P.O. Box 3159, Road Town, Tortola, British Virgin Islands. Authorised agent CALDOW LIMITED Arch. Leontiou 187, 4th floor, 3020, Limassol, Cyprus. IFCM CYPRUS LIMITED Post Address 38, Spyrou Kyprianou street, office 101-102 Germasogeia, 4042, Limassol, Cyprus. Registered Address 38, Spyrou Kyprianou street, office 101-102 Germasogeia, 4042, Limassol, Cyprus. Please note that it’s always a good idea to check the official website for the most up-to-date contact information.
Where are the Headquarters from IFC Markets based?
The International Finance Corporation (IFC), a member of the World Bank Group, is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is headquartered in Washington, D.C., United States. The IFC was established in 1956 as the private-sector arm of the World Bank Group to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC’s stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private-sector entities, and creating jobs and delivering necessary services to those who are poverty stricken or otherwise vulnerable. In the context of forex, the IFC’s role is significant. As it operates in more than 100 countries. , it helps to stabilize the global financial market, which in turn impacts the forex market. By providing investment, advisory, and asset-management services, the IFC encourages the growth of private sector, which can lead to a more robust economy and stronger currency in the less developed countries. This can result in more trading opportunities and potentially more liquidity in the forex market. Please note that while the IFC is involved in many countries and sectors, its influence on the forex market is indirect and part of a much larger set of factors that impact currency values. It’s always important to consider the full range of economic indicators and news when considering forex investments. Please note that the information provided is based on the data available as of 2023 and may have changed. Always verify the latest information from reliable sources.
What kind of Customer Support is offered by IFC Markets?
IFC Markets offers a comprehensive customer support system to cater to the needs of its clients, particularly those involved in forex trading. Contact Channels IFC Markets provides multiple channels for customers to reach out for support. These include:. WhatsApp: +442039661649. Phone: They have dedicated phone lines for Great Britain (+16136864362) and Canada. Email: Customers can send their queries to support@ifcmarkets.com. For general inquiries, they can use info@ifcmarkets.com, and for partnership-related queries, they can reach out to ib@ifcmarkets.com. Support Timings The English support is available from Monday to Friday between 6:00 - 19:00 CET, and on weekends from 7:00 - 15:30 CET. Enquiry Forms IFC Markets has also provided various enquiry forms on their website for specific needs. These include forms for password reset, callback request, secret word reset, and a complaint form. Forex Customer Support In the context of forex trading, IFC Markets offers round-the-clock customer support. This ensures that traders can get assistance with emerging trading issues as well as with the usage of the trading platform at any time. In conclusion, IFC Markets has a robust customer support system in place to ensure a smooth and efficient trading experience for its clients. Their support system is particularly beneficial for forex traders, given the round-the-clock nature of the forex market.
Which Educational and Learning Materials are offered by IFC Markets?
IFC Markets offers a variety of educational and learning materials designed to help individuals and organizations navigate the complex world of finance, particularly in emerging markets. These resources are tailored to address the unique challenges and opportunities these markets present. Principles for Learning: This is a set of guidelines developed by IFC in partnership with industry leaders. It outlines eight principles that are foundational to effective and impactful performance improvement projects. These principles emphasize the importance of aligning learning objectives with business goals, developing engaging and inclusive learning programs, leveraging digital solutions, and promoting sustainability. Guide to Training: This comprehensive guide provides a roadmap for training professionals to design and implement successful learning and skills programs in emerging markets. It offers detailed steps and advice for each phase of a training project, from partnering with clients and assessing performance needs, to designing curricula and facilitating learning. The guide also includes special considerations for gender-inclusive programs and programs in fragile and conflict-affected situations. ESG Learning Programs: IFC has developed several Environmental, Social, and Governance (ESG) learning programs. These resources are specifically tailored for emerging markets and are accessible as public goods. They share IFC’s knowledge and expertise with clients and other interested stakeholders. These resources are designed to strengthen client companies and help build the skilled workforce of the future. They are particularly beneficial for micro, small, and medium enterprises (MSMEs), which provide the majority of jobs and income in emerging economies.
Can anyone join IFC Markets?
IFC Markets, a leading financial company providing services in Forex and CFD markets, has specific eligibility criteria for individuals and entities interested in joining. Eligibility Criteria: The project must be located in a developing country that is a member of IFC. The project must be in the private sector. The project must be technically sound. The project must have good prospects of being profitable. The project must benefit the local economy. The project must be environmentally and socially sound, satisfying IFC’s environmental and social standards as well as those of the host country. . It’s important to note that IFC does not lend directly to micro, small, and medium enterprises or individual entrepreneurs, but many of their investment clients are financial intermediaries that on-lend to smaller businesses. Application Process: There is no standard application form for IFC financing. A company or entrepreneur, foreign or domestic, seeking to establish a new venture or expand an existing enterprise can approach IFC directly. The proposal can be submitted to IFC’s industry departments; regional departments at IFC headquarters in Washington; or the regional field office closest to the location of the proposed project. After this initial contact and a preliminary review, IFC may proceed by requesting a detailed feasibility study or business plan to determine whether or not to appraise the project. So, while anyone can apply to join IFC Markets, acceptance is contingent upon meeting the specific criteria and going through the application process.
Who should sign up with IFC Markets?
IFC Markets is a versatile platform that caters to a wide range of traders. Here are some categories of individuals who might find IFC Markets particularly beneficial:. Novice Traders: IFC Markets offers free Demo accounts, which operate via virtual funds and are intended for studying the functionality of the trading platforms and testing trading strategies. This makes it an excellent choice for beginners who are still learning the ropes of forex trading. Seasoned Traders: For more experienced traders, IFC Markets provides various trading accounts with fixed and floating spreads for each of the trading platforms: NetTradeX, MetaTrader 4 and MetaTrader 5. This allows seasoned traders to choose the account type that best suits their trading style and strategies. Traders Seeking Diverse Assets: IFC Markets offers a well-balanced asset index, allowing traders to diversify their portfolio. Traders can initiate transactions in different marketplaces at the same time, using smart trading to balance their loss and protect themselves from particular market scenarios. Security-Conscious Traders: IFC Markets has implemented two-factor authentication (2FA) and automatic account surveillance to protect your online trading account. This makes it a good choice for traders who prioritize security. Traders Valuing Customer Support: IFC Markets provides chat, email, and even call help for customers. Their customer service representatives are kind and take the time to learn about your issue before offering a solution. Traders Looking for Customization: According to customer reviews, IFC Markets offers more customization than other brokers. This makes it a suitable choice for traders who prefer to tailor their trading experience to their specific needs. In conclusion, IFC Markets is a comprehensive trading platform that caters to a wide range of traders, from beginners to seasoned professionals. Its diverse offerings, robust security measures, and excellent customer support make it a compelling choice for anyone interested in forex trading. However, as with any financial decision, potential users should conduct their own research and consider their individual trading needs before signing up.
Who should NOT sign up with IFC Markets?
While IFC Markets offers a wide range of services and has received positive reviews. , it may not be the ideal choice for everyone. Here are some types of traders who might want to consider other options:. 1. Novice Traders: IFC Markets offers a comprehensive software package. , which, while impressive in its depth, might be overwhelming for beginners. Novice traders who are still learning the ropes of forex trading might prefer a platform with a simpler, more intuitive interface. 2. Scalpers: Scalpers, or traders who make numerous trades throughout the day to profit from small price changes, might find the spreads at IFC Markets to be higher than ideal. High spreads can eat into the profits of scalpers, who rely on small margins. 3. Traders Preferring Micro Lots: IFC Markets’ standard account has a minimum lot size of 0.1. , which is larger than the 0.01 lot size offered by many other brokers. Traders who prefer to trade in smaller volumes, or ‘micro lots’, might find this restrictive. 4. Traders Looking for Cent Accounts: A review mentioned that the micro account at IFC Markets is not a cent account, and the lot size is 100,000 of the base currency. This might not be suitable for traders who are looking for cent accounts, which allow trading with significantly smaller lot sizes. Remember, it’s important to thoroughly research and consider multiple platforms before deciding on a forex broker. Factors such as trading style, experience level, and specific trading goals can significantly influence which broker is the best fit. Always read the broker’s contract specifications and understand their fee structure before opening an account.
Does IFC Markets offer Discounts, Coupons, or Promo Codes?
IFC Markets, a renowned player in the forex trading industry, offers a variety of promotions and bonus programs that can benefit both new and existing clients. Welcome Bonus Program: This program is designed to attract traders to IFC Markets. It offers an extra commission reward based on the trading activity of clients referred to us by your sub-partners. Annual Interest on Free Margin: This program allows you to earn up to 7% annual interest on your free margin. Past Forex Promotions and Contests: IFC Markets has held several promotional programs and contests in the past, such as “Your Lucky Tesla”, “Black Friday 15% Bonus”, “15 Years Anniversary Promo”, “League of Champions 2021”, and “Follow Your Dream” among others. Invite Friends Program: This program offers a bonus up to $50 for each friend you invite, and your friend will receive a bonus as well, up to $75. Trading Academy Bonus: This program is a great boost for novice traders. It offers a 15% Bonus on Your First Deposit. Birthday Promo: This program is designed as a nice gift for all out traders. Participants must top up their account with at least $100 and get the Birthday Bonus. Please note that the availability and specifics of these promotions may vary, and it’s always a good idea to check the official IFC Markets website or contact their customer service for the most accurate and up-to-date information.
Which Account Types are offered by IFC Markets?
IFC Markets offers a variety of account types to cater to the diverse needs of traders. These accounts are designed to accommodate both novice and experienced traders, with features tailored to their specific trading requirements. Fixed and Floating Account: This account type offers both fixed and floating spreads, providing flexibility for traders. The account can be funded in USD, EUR, JPY, or uBTC (1 uBTC = 0.000001 Bitcoin). The initial deposit requirement is 1000 USD, 1000 EUR, or 100000 JPY. Standard-Fixed Account: This account type offers fixed spreads and requires an initial deposit of 1000 USD, 1000 EUR, or 100000 JPY. The leverage offered is up to 1:200. Micro-Fixed Account: This account type is designed for traders who prefer to trade with smaller volumes. It offers fixed spreads and requires an initial deposit of just 1 USD, 1 EUR, or 100 JPY. Standard-Floating Account: This account type offers floating spreads and requires an initial deposit of 1000 USD, 1000 EUR, or 100000 JPY. The leverage offered is up to 1:200. Micro-Floating Account: This account type offers floating spreads and requires an initial deposit of just 1 USD, 1 EUR, or 100 JPY. In addition to these real trading accounts, IFC Markets also offers free Demo accounts. These accounts operate via virtual funds and are intended for studying the functionality of the trading platforms and testing trading strategies. Each account type has its own set of conditions for commission, margin call, leverage, and minimum deposits. The trading platforms offered by IFC Markets include NetTradeX, MetaTrader 4, and MetaTrader 5. Please note that the information provided here is based on the latest available data and may be subject to change. For the most accurate and up-to-date information, it is recommended to visit the official IFC Markets website.
How to Open a IFC Markets LIVE Account?
Opening a live account with IFC Markets involves a series of steps that are designed to ensure a smooth and secure process. Here’s a detailed guide:. Step 1: Personal Profile (PP) If you already have a Personal Profile (PP), then log in to your PP from the IFC Markets website. This can be done by clicking the “Login” - “My Profile” button or by clicking the “Open Account” button. Set your PP login (equal to your e-mail) and PP password. Step 2: Open Live Account In the opening PP window, select «Accounts» -> «Open Live Account» from the menu. A dialog box for opening an account will be shown. Step 3: Account Details In this box, select the “Live” account, the “NetTradeX” platform, the account type, the leverage, and the account currency you prefer. Step 4: Agreement Read the three documents - Customer Agreement, Terms and Business, Risk Disclosure - and put the confirmation mark. Step 5: Replenish the Account After replenishing the account and downloading the trading platform, you can start trading. At the same time, a letter with account details will be sent to your e-mail. Step 6: Link the Account To link a new account in the NetTradeX terminal, you need to pass the procedure of adding an account. Remember, trading in forex markets involves significant risk, and it’s important to understand these risks before opening a live trading account. Always trade responsibly and seek professional advice if needed.
How to Open a IFC Markets DEMO account?
Opening a demo account with IFC Markets is a straightforward process that allows you to practice trading in a risk-free environment. Here’s a step-by-step guide:. Step 1: Download and install the NetTradeX trading terminal on your PC. Step 2: Open the terminal, navigate to the “File” from the main menu and select “Open new account”. Step 3: A “Select account type” pop-up window will appear, where you need to choose “Open demo account” and press the “Next” button. Step 4: In the opened window, fill out the required fields. It’s recommended to provide valid contact means. Step 5: After entering the confirmation code, press “Next”. Step 6: In the opened window you will see your workspace. Press “Next” in order to see your account parameters. Step 7: Save the account information, tick check-boxes “Yes, I am sure that this data is saved” and “Auto save password” and click “Finish” to complete the procedure of opening a Demo account. You can now see your account in the “Navigator” window in the drop-down list of Logins. A demo trading account serves as your invaluable starting point if you’re new to trading, offering a risk-free environment to learn the ropes before you commit real funds. It’s a safe space to practice strategies, understand market dynamics, and build your confidence before venturing into live trading.
How Are You Protected as a Client at IFC Markets?
As a client at IFC Markets, you are protected in several ways:. 1. Regulatory Oversight: IFC Markets is a leading financial company providing services in Forex and CFD markets. It operates under the regulatory oversight of appropriate financial authorities, ensuring adherence to strict standards of corporate governance, financial reporting, and client handling. 2. Professional Indemnity Insurance: The company carries a Professional Indemnity Insurance from Hamilton Group’s Syndicate 4000, a 100% Lloyd’s syndicate. This insurance provides an additional layer of protection for clients. 3. Secure Money Transfers: IFC Markets has robust procedures in place for money transfers. This ensures that your funds are securely handled within the system. 4. Transparent Trading Conditions: IFC Markets provides clear and transparent trading conditions. This includes information about commissions, minimum deposit amounts, types of real (live) accounts offered, initial deposit and current equity restrictions, and trading volumes. 5. Customer Service: IFC Markets has a strong reputation for customer service, as evidenced by customer reviews. The company is committed to addressing any issues or concerns that clients may have. 6. Educational Resources: IFC Markets provides a wealth of educational resources and trading tools to help clients make informed trading decisions. This includes FAQs, trading conditions, information about trading platforms, and general questions about forex trading. In conclusion, IFC Markets offers a secure and transparent trading environment, backed by regulatory oversight, professional indemnity insurance, and a commitment to customer service. These measures collectively serve to protect you as a client.
Which Funding methods or Deposit Options are available at IFC Markets?
IFC Markets, a renowned player in the forex market, offers a variety of deposit options to cater to the diverse needs of its global clientele. These options are designed to provide flexibility and convenience, ensuring a seamless trading experience. International Bank Transfer: This traditional method of fund transfer normally takes from 2 to 3 working days. The minimum deposit amount is $100 / €100, and the deposit fee depends on your bank’s fee structure. The withdrawal method is the same as the deposit method. Bank Cards: Deposits through bank cards are processed instantly. There is no deposit fee, and the minimum deposit amount is $100 / €100 / ¥10,000. The maximum deposit limit is $5000 / €5000 / ¥500,000. The banking card used for depositing is also the available withdrawal method. Pasargad Novin: Deposits through Pasargad Novin are processed within 1 hour. The minimum deposit amount is $1, and the appropriate withdrawal method is Pasargad Novin. Mobile Money/M-Pesa: Deposits through Mobile Money/M-Pesa are processed instantly. There is no deposit fee, and the minimum deposit amount is $5 / €5. The maximum deposit limit is $500 / €500. The available withdrawal method is Mobile Money/M-Pesa. African Local Bank: Deposits through African Local Bank are processed instantly. There is no deposit fee, and the minimum deposit amount is $5 / €5. The maximum deposit limit is $500 / €500. The available withdrawal method is African Local Bank. Crypto Currencies: Deposits through Crypto Currencies are processed instantly. There is no deposit fee, and the minimum deposit amount is 20$ / 20€ / 2000¥ / 800 uBTC. The available withdrawal method is Crypto Currencies. TopChange: Deposits through TopChange are processed instantly. There is no deposit fee, and the minimum deposit amount is $1. The appropriate withdrawal method is TopChange. Perfect Money: Deposits through Perfect Money are processed instantly. The commission is 0.5 - 1.99 %, and the minimum deposit amount is 1$ / 1€. The maximum deposit amount is 5000$ / 5000€. The available withdrawal method is Perfect Money. Bitwallet: Deposits through Bitwallet are processed instantly. There is no deposit fee, and the minimum deposit amount is 10$ / 10€ / 1000¥. There is no maximum deposit limit. The available withdrawal method is the bitwallet payment system. WebMoney: Deposits through WebMoney are processed instantly. The deposit fee is 20%, and the minimum deposit amount is $1. The available withdrawal method is the WebMoney Payment system. ADVCash: Deposits through ADVCash are processed instantly. There is no deposit fee, and the minimum deposit amount is $1 / €1. The maximum deposit limit is $5000 / €5000. The available withdrawal method is ADVCash.
What is the Minimum Deposit Amount at IFC Markets?
The minimum deposit amount at IFC Markets varies depending on the deposit method and the type of trading account. Here are the details:. International Bank Transfer: The minimum deposit is $100 / €100. Bank cards: The minimum deposit is $100 / €100 / ¥10 000. Pasargad Novin: The minimum deposit is $1. Mobile Money/M-Pesa: The minimum deposit is $5 / €5. African Local Bank: The minimum deposit is $5 / €5. Crypto Currencies: The minimum deposit is 20$ / 20€ / 2000¥ / 800 uBTC. TopChange: The minimum deposit is $1. Perfect Money: The minimum deposit amount is 1$ / 1€. Bitwallet: The minimum deposit is 10$ / 10€ / 1000¥. WebMoney: The minimum deposit is $1. ADVCash: The minimum deposit is $1 / €1. For NetTradeX Beginner and MetaTrader 4, 5 Micro accounts, there are no minimum deposit amount. For Standard account in NetTradeX and MetaTrader 4 and 5, it is $1000 for US dollar accounts, €1000 for Euro accounts and ¥100 000 for Japanese yen accounts. Please note that these details are subject to change and it’s always a good idea to check the latest information on the IFC Markets website.
Which Withdrawal methods are available at IFC Markets?
IFC Markets offers a variety of withdrawal methods to cater to the diverse needs of its clients. The methods available may vary depending on the region of the client. Bank Transfer: This is a basic withdrawal method. The processing time for bank transfers ranges from 2 to 3 working days. The commission is the client’s bank fee plus £20, and the minimum withdrawal amount is $50 or €50. Debit/Credit Bank Card: Another basic withdrawal method is through a debit or credit bank card. The processing time normally takes 1-5 business days. The commission varies, and the minimum withdrawal is $10 / €10 / ¥5000. The maximum withdrawal is $1000 / €1000 / ¥100000 per day. Bitcoin Transfer: Bitcoin transfers are also supported. The processing time is less than 1 working day. The commission varies, and the minimum withdrawal is $20 / €20 / 2.000¥ / 800 uBTC. Additional withdrawal methods are available for transfers from some countries and regions of the world. These include Perfect Money, TopChange, Bitwallet account, WebMoney Payment system, Crypto Currencies, ADVCash, Mobile Money/M-Pesa, African Local Bank, and transfers between own trading accounts. Each of these methods has its own processing time, commission, and minimum and maximum withdrawal amounts. After a withdrawal request is made, the client can track the status of the request in the “My requests” section. The main status types are Active, Processing, Cancelled, Rejected, Performed, Pending, and Error. It’s important to note that all withdrawal requests are processed within the Back Office working hours, which are Monday - Friday, from 07:00 to 19:00 (CET).
Which Fees are charged by IFC Markets?
IFC Markets charges a variety of fees, which are important to understand for anyone trading live financial markets with them. Here’s a detailed breakdown:. Commissions and Fees: IFC Markets’ commissions and fees are not standard across all trading platforms. They may differ from other brokerage companies. Trading Instruments: IFC Markets allows traders to trade over 143 financial instruments including Forex, Commodities, Indices, Stocks, Crypto, Futures. Inactivity Fee: IFC Markets does not charge an inactivity fee for dormant non-trading accounts. Withdrawal Fees: IFC Markets does not charge withdrawal fees from verified IFC Markets accounts. Deposit Fees: There may be small fees when making deposits to IFC Markets. IFC Markets deposit fees will vary depending on your 3rd party deposit method, the currencies involved with your IFC Markets deposit, the amount you are depositing to IFC Markets and your country of residence. Account Fees: IFC Markets does not charge account fees for standard IFC Markets trading accounts. Currency Pairs: IFC Markets’ currency pairs are priced as low as 0.4 pips and are commission-free. Equity CFDs: Equity CFDs carry a charge as low as 0.10% with a minimum of $1 or a currency equivalent. Stock CFDs: For transactions with US stocks, the commission size is $0.02 per 1 stock, and for transactions with Canadian stocks, it’s 0.03 CAD per 1 stock. For the rest of the stocks, the commission starts from 0.1% of the position volume. Please note that these fees are subject to change and it’s always a good idea to check the latest information on the IFC Markets website or contact their customer service for the most accurate details.
What can I trade with IFC Markets?
IFC Markets offers a wide range of financial instruments for trading. Here are some of the key categories:. Forex Currency Pairs: Traditional instruments where one currency represents the price of another. Precious Metals: Especially gold, which is always a reliable asset in times of economic crisis and periods of high market volatility. World Indices – Stock Index Futures: These instruments allow you to trade the indices of the world’s largest exchanges. Stock CFDs: Trading instruments include CFDs on stocks of highly liquid companies traded on major stock exchanges around the world. Cryptocurrencies: This set of tools allows you to make money from changes in cryptocurrency prices. Continuous Commodity CFDs – Index CFDs: These tools allow you to invest in the movements of raw commodity prices. Commodity Futures CFDs: This set of tools allows you to invest in raw commodities. Gold Trading: This group contains unique instruments, the base currency is gold, the quote currency is silver, crude oil, and the stock index S&P500. Trade CFDs on Stock ETFs (Exchange Traded Funds): This group includes CFDs of partially closed open-end funds listed in New York (NYSE). Crypto Futures CFDs: This set of tools allows you to invest in the price changes of cryptocurrencies. Personal Composite Instruments (PCI): IFC Markets offers Personal Composite Instruments (PCI) through the NetTradeX platform. In terms of trading conditions, IFC Markets offers more than 650 trading instruments with excellent conditions, instant execution, and low spreads from 0.4 pips. The company is regulated and licensed by BVI FSC. They provide weekend trading for Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple cryptocurrencies, and more. You can leverage your short or long position up to 1:10 times. Please note that the information provided here is based on the latest available data and may be subject to change. Always check the official IFC Markets website for the most accurate and up-to-date information.
Which Trading Platforms are offered by IFC Markets?
IFC Markets offers a variety of trading platforms to cater to the diverse needs of traders. The platforms include NetTradeX, MetaTrader 4, and MetaTrader 5. NetTradeX is a professional trading platform developed by IFC Markets. It offers a wide set of instruments, additional order types, and the ability to create your own trading instruments. It also provides detailed trading and balance history for analysis of the efficiency of your trading strategies. The platform supports trading modes like netting trading mode with combining positions into one. MetaTrader 4 and MetaTrader 5 are popular platforms among traders. They offer features like automatic closing of trading positions when the market reaches the specified price for making profit or minimizing loss, automatic opening of trading positions when the market reaches the specified price, and the opportunity to become a provider of trading signals and/or subscriber for trading signals. In addition to these platforms, IFC Markets provides its customers with three types of trading accounts for each of the trading platforms offered: Demo NetTradeX, Beginner NetTradeX, Standard NetTradeX, Demo MT4, Micro MT4, and Standard MT4. Each platform delivers rich functionality and a convenient environment for trading and making market analysis. They are equipped with professional tools for making technical analysis and offer automated trading for those traders that prefer using Experts during trades.
Which Trading Instruments are offered by IFC Markets?
IFC Markets, an international financial company, offers a wide range of trading instruments. These include:. Currency Pairs: IFC Markets provides the opportunity to trade in major, minor and exotic currency pairs. Precious Metals: Trading in precious metals, such as gold and silver, is also available. Index CFDs: These are contracts for difference based on the price of underlying indices. Stock CFDs: IFC Markets offers contracts for difference on stocks. These instruments allow investors to profit from changes in stock prices without owning the stocks. Commodity CFDs: These are contracts for difference based on the price of underlying commodities. CFDs on Commodity Futures: These instruments are based on the price of commodity futures. ETFs: Exchange-traded funds are also available for trading. Crypto Futures: IFC Markets provides the opportunity to trade in futures contracts based on cryptocurrencies. Gold Instruments: These are unique instruments developed by IFC Markets, which allow trading gold against other assets. In addition to these instruments, IFC Markets also offers the creation of personal composite instruments using the GeWorko method. The company provides two advanced trading platforms, NetTradeX and MetaTrader 4. , and offers excellent trading conditions. Please note that commission is charged for opening and closing positions on Stock CFDs. It’s important to mention that trading involves risk and it’s necessary to understand the trading conditions and requirements before starting to trade. IFC Markets provides educational resources through the IFCM Trading Academy to help traders of all levels.
Which Trading Servers are offered by IFC Markets?
IFC Markets, a leading financial company in the Forex and CFD markets, offers a variety of trading platforms to its users. The two most popular and advanced Forex (FX) trading platforms provided by IFC Markets are NetTradeX and MetaTrader 4 (MT4). Additionally, they also offer the MetaTrader 5 (MT5) platform. The proprietary terminal NetTradeX has been developed by IFC Markets. This platform is known for its advanced features and tools that provide a comprehensive and enhanced trading experience. On the other hand, MetaTrader 4 and MetaTrader 5 are popular third-party platforms that are widely used by traders worldwide. These platforms are known for their user-friendly interface, technical analysis tools, and automated trading capabilities. IFC Markets offers the following types of Real trading accounts per trading platform. : NetTradeX: Beginner-Fixed, Standard-Fixed, Beginner-Floating, Standard-Floating accounts MetaTrader 4: Micro-Fixed and Standard-Fixed accounts MetaTrader 5: Micro-Floating and Standard-Floating accounts . The allowed initial deposit amount and current equity depend on the trading account type. For instance, the initial deposit for a NetTradeX Beginner account ranges from 1 to 3,000 USD, while for a NetTradeX Standard account, it is 1,000 USD. The current equity for both these accounts is 5,000 USD and unlimited, respectively. IFC Markets offers different allowed trading volumes for different financial instruments and account types. The allowed trading volumes may also be limited by the free margin of your account. In the NetTradeX trading-analytical platform, volumes are set in units of the base currency or asset, while in MetaTrader 4 and MetaTrader 5, it is set in lots. In conclusion, IFC Markets provides a variety of trading servers and platforms to cater to the diverse needs of Forex traders. Whether you are a beginner or an experienced trader, IFC Markets has a platform and a trading account that can meet your specific trading requirements.
Can I trade Crypto with IFC Markets? Which crypto currencies are supported by IFC Markets?
Yes, you can trade cryptocurrencies with IFC Markets. They offer online cryptocurrency trading through Cryptocurrency CFDs. Cryptocurrency CFDs are derivatives that allow traders to speculate on crypto without becoming direct owners of the underlying asset. The cryptocurrencies are traded as pairs against regular currencies. IFC Markets takes the cryptocurrency price from the most reliable exchanges as well as the futures prices for Bitcoin, Ethereum, and others. They provide weekend trading for Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple cryptocurrencies, and more. One of the advantages of crypto CFD trading is that there is no need to have an account on a bitcoin exchange or a bitcoin wallet to trade. You can go long if you think a cryptocurrency will rise in value, or short if you think it will fall. Also, during crypto CFD trading, leverage can be used which multiplies potential profits. Meaning traders can deposit a small amount of money, margin, and by dint of leverage gain more exposure to the market. IFC Markets has been specializing in CFD markets for over 15 years. You can leverage your short or long position up to 1:10 times. They offer quick high-quality customer support, available 24 hours a day, 5 days a week. It’s important to note that Crypto is traded solely as Contract for Difference “CFD” for speculative purpose only, IFC Markets does not provide exchange services for Crypto currencies. As for the cryptocurrencies supported by IFC Markets, they offer trading for Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple, and more.
What is the Leverage on my IFC Markets Trading Account?
Leverage in Forex trading is a tool that allows traders to open positions of a significantly larger size than their actual trading capital. In other words, leverage is a borrowed capital to increase the potential returns. The Forex leverage size usually exceeds the invested capital for several times. At IFC Markets, leverage ranges from 1:1 to 1:400. The default leverage offered is 1:100. This means that if you invest $1000 and the leverage is equal to 1:100, the total amount available for trading will equal to $100,000. This allows traders to trade higher volumes. However, it’s important to note that while leverage can increase the potential profits, it also has the capability to increase potential losses. Therefore, traders should choose the level of leverage that makes them most comfortable. The leverage level mainly depends on the trader’s trading strategy and the actual vision of upcoming market moves. For example, scalpers and breakout traders try to use high leverage, as they usually look for quick trades, but as to positional traders, they often trade with low leverage amount. It’s also possible to change the account leverage in your Private Area. These requests are considered by the Company’s back-office during its working hours (usually within 10-15 minutes). In conclusion, leverage is a powerful tool in Forex trading that can amplify both profits and losses. It’s crucial for traders to understand how it works and use it responsibly. IFC Markets provides a range of leverage options, allowing traders to choose the one that best suits their trading strategy and risk tolerance.
What kind of Spreads are offered by IFC Markets?
IFC Markets offers a wide range of spreads across various financial instruments. Here are some key points:. Currency Pairs Trading: The group of Forex is represented by traditional instruments for this market – currency pairs, which express the value of one currency relative to another one. The minimum spread offered by IFC Markets is 1.8 pips across all account types and this includes major currency pairs such as EURGBP and EURUSD. USDCAD and NZDUSD offer higher fixed spreads of 3 pips. Commission-free Forex trading with minimum spreads of 0.4 pips on five major currency pairs, making it one of the cheapest cost structures for the AUD/USD, the EUR/USD, the USD/CAD, the USD/CHF, and the USD/JPY. Online Cryptocurrency Trading: Cryptocurrency CFDs are derivatives that allow traders to speculate crypto without becoming direct owners of the underlying asset. Trade Commodity CFDs without an Expiration Date: Continuous Commodity CFDs allow investing in the dynamics of commodity prices. Commodity Futures CFD Trading: Commodity Futures CFD Instruments allow investing in price dynamics of commodities through liquid futures. Gold Instruments: The group includes unique instruments where Gold, the base asset, is quoted against Silver, Oil and S&P 500 Index. Trade CFDs on ETFs: This group includes CFDs on shares of Exchange Traded Funds (ETFs), which are traded on the New York Stock Exchange (NYSE). CFDs on Crypto Futures: The instruments of this group allow to invest in the price dynamics of the crypto-currencies. Library of Synthetic Instruments: The group includes synthetic instruments, created by the analysts of IFC Markets for trading in NetTradeX trading terminal. . Equity CFDs carry a charge as low as 0.10% with a minimum of $1 or a currency equivalent. Swap rates on leveraged overnight positions apply. Equity and index CFDs are exposed to corporate actions such as dividends and mergers, which are passed on to traders. Please note that trading involves risk and it’s important to understand the specifics of each financial instrument before you start trading.
Does IFC Markets offer MAM Accounts or PAMM Accounts?
Yes, IFC Markets does offer both MAM and PAMM accounts. PAMM Accounts PAMM, or Percentage Allocation Management Module, is a form of investment where traders who have proven themselves in profitable trading offer their services in managing investors’ funds, as well as their own, within a single portfolio account. In the PAMM system, the funds of investors are pooled into a single fund which the account manager trades. The profits and losses made on the PAMM account are distributed proportionally at the end of the agreed trading period, such as monthly, half-yearly, or yearly. MAM Accounts MAM, or Multiple Account Manager, is a method that allows the account manager to trade each investor’s account separately and differently. This comes with the flexibility of assigning higher leverage and other risk management parameters to specific sub-accounts. In the MAM system, each investor’s account is traded separately and differently, making use of different leverage and other risk parameters. Each investor takes the profit or loss the account has made at the end of the agreed trading period. Both MAM and PAMM accounts essentially allow someone to manage multiple accounts from a single main account. However, they differ in how they function. IFCM Invest IFCM Invest is a service with PAMM technology. It connects investors to experienced traders, also known as Managers, who carry out CFD trading. At the same time, IFCM Invest distributes the sizes of trades according to an allocation percentage to the investor’s account through the copy trading technology. With IFC Markets PAMM service, traders get access to a number of advantages on their accounts, such as spreads from 0.4 pips, instant execution, PAMM accounts on Mt4 and Mt5 platforms, as well as access to more than 650 financial instruments that include currency pairs, cryptocurrencies, commodities, ETFs, stocks, metals, indexes, and others. Please note that while these accounts can provide a number of benefits, they also carry the risk of capital loss depending on the efficiency of the money manager. Therefore, individuals should exercise due diligence when choosing a PAMM account broker and money manager.
Does IFC Markets allow Expert Advisors?
Yes, IFC Markets does allow the use of Expert Advisors. NetTradeX Advisors, a trading terminal provided by IFC Markets, enables automated trading and analysis with the help of Expert Advisors. These are essentially trading robots that give the opportunity to automatically analyze the state of the market and trade in it. The trading terminal, apart from common functionalities of trading and working with charts, provides automated trading with Advisors and a graphical interface for managing positions and orders. The user can operate either on the terminal NetTradeX Advisors or simultaneously on both terminals - primary and secondary. This trading terminal provides the following important functions. Trade automation and analysis by creating trading robots (Expert Advisors), custom indicators, and service utilities. Graphical interface (visual trade) of opening positions, set and modification of orders directly on the chart of the financial instrument by the mouse. NetTradeX Advisors employs the same data for the user authorization as are those of NetTradeX Trading Terminal - username, password, and address/port of the trading server. An integrated language of NetTradeX Advisors, which complements the functionality of the main terminal in terms of the implementation of algorithms of the automated trading. The user can perform basic trading operations in “manual” mode, for example, open and close positions, set up orders, use standard charts, add chart indicators and objects for the analysis of trends in the market. In conclusion, IFC Markets not only allows the use of Expert Advisors but also provides a comprehensive platform, NetTradeX Advisors, to facilitate their use for automated trading and market analysis.