IFC Markets Broker Review ❤️ Regulated MT5 Broker

IFC Markets Broker has been providing its trading services to over 165,000 customers for more than a decade. These trading and commercial services are offered through numerous trading tools and multiple opportunities. It’s worth noting that IFC Markets is a part of the IFCM Group of companies, a holding that engages in providing services and developing projects in the field of financial technologies while complying with international legal requirements. Let’s conduct a comprehensive review of this broker, which has recently been listed among the best forex brokers on the Brokerland website.

IFC Broker, a financial broker, has been offering its trading services to over 165,000 customers for more than a decade. These services cover a wide range of trading instruments and platforms. While the broker is based in Cyprus, it also operates internationally through additional entities in the British Virgin Islands (BVI) and Labuan, Malaysia.

Pros and Cons of IFC Markets Broker

IFC Markets provides CFD trading, excellent education through its academy, MT4 and MT5 platforms, and proprietary software. It also offers quick account opening, free demo accounts, low costs, and a wide range of trading tools. On the downside, it doesn’t offer 24/7 customer support, different conditions apply to its subsidiary entities, and there are fees for deposits.

Is IFC Broker Safe?

Security in brokers and crypto exchanges, whether centralized and traditional like Coinex, ByBit, or decentralized crypto currency exchanges like PancakeSwap and SushiSwap, is one of the most important and fundamental principles of choice.

We consider IFC Broker a safe broker due to its compliance with regulations set by the European authority CySEC. The broker is committed to adhering to strict rules and regulations as its authorities oversee all stages of trading and investment. However, this is a trading name used by two separate companies: IFCMARKETS CORP, registered in the British Virgin Islands (BVI FSC), and IFCM CYPRUS LIMITED, a Cypriot investment company under CySEC regulations.

Despite the BVI jurisdiction being offshore, we recommend caution when dealing with financial companies based in such areas, as they may not have the same level of oversight. This broker has another entity, IFCM CYPRUS LIMITED, registered in Cyprus and regulated by CySEC.

Regulators, Countries, and License Numbers:

• British Virgin Islands Financial Services Commission (BVI FSC), British Virgin Islands, License Number: SIBA/L/14/1073.
• Labuan Financial Services Authority, Malaysia (Federal Territory of Labuan), License Number: MB/20/0049.
• Cyprus Securities and Exchange Commission (CySEC), Cyprus, License Number: 147/11.

Protection at IFC Broker

IFCM CYPRUS LIMITED, as a CySEC-regulated broker, is also a member of the ICF (Investor Compensation Fund). The company’s charter complies with MiFID regulations from the European Commission, which allows it to provide secure investment services in the EEA. In general, customer safety at IFC is ensured through various means, including fund segregation, participation in compensation schemes, and the company’s own guarantees. The CORP entity in the British Virgin Islands will also have professional indemnity insurance with AIG EUROPE LIMITED for financial institutions.

Leverage Trading at IFC Markets

Leverage is a tool that allows you to trade a larger amount of money. This is done by using the power of leverage to magnify your initial balance, freeing up your money for other purposes. However, the potential for profit or loss increases in parallel, emphasizing the importance of learning and using it wisely.

Leverage levels at IFC broker are determined by regulatory constraints and the country of your residence. Therefore, it’s essential to study the applicable conditions in your country and other legal regulations. For trading with the European entity of IFC Markets, the maximum leverage level for forex instruments is set at 1:30.

However, when trading with the international branches of this financial broker, you may have access to higher leverage, up to 1:300. One positive note about leverage at IFC Markets is that the broker provides services to protect against negative balances, helping traders to never incur losses exceeding their deposits.

Types of Accounts

IFC Markets Broker offers three types of accounts: Standard, Beginner, and Demo accounts. These accounts are available in different currencies, including US Dollar (USD), Euro (EUR), Japanese Yen (JPY), and united Bitcoin (uBTC). This makes it easy to transfer funds, whether you prefer fixed or floating spreads on any of IFC Markets’ trading platforms. Typically, higher-tier accounts have better conditions and can provide higher leverage, up to 1:200. However, these types of accounts require larger deposits, starting at a minimum of $1000.

In addition to real trading accounts, IFC Markets offers a free demo account, which operates with virtual funds. This account is designed for studying and testing trading strategies. Moreover, you can opt for a VIP account, which grants flexible trading conditions, exclusive personal tools, free access to VPS, zero commissions for deposits and withdrawals, and more.

In the tables below, you can find the types of accounts on different trading platforms offered by IFC Broker, along with all their features and costs.

• trading accounts on the NetTradeX platform:

• trading accounts on the MT4 platform:

• trading accounts on the MT5 platform:

Trading Instruments at IFC Markets Broker

IFC Broker is an international broker for Forex and CFD (Contract for Difference) markets. It offers trading opportunities for 50 currency pairs with instant order execution. You can also engage in CFD trading with the ability to buy over 400 CFDs on shares at a 100% dividend rate.

The broker provides leverage of up to 1:30 for CFDs. Additionally, IFCM offers 19 perpetual commodity futures contracts and 4 CFDs on ETFs without expiration. This broker also allows trading on the New York Stock Exchange (NYSE) and offers trading in cryptocurrency.

Trading Hours at IFC Broker (in Greenwich Mean Time – GMT)

IFC Markets Brokerage Commissions and Fees

IFC Markets Broker offers a unique commission pricing model where prices are provided by liquidity providers in the banking sector. These prices automatically transfer customer orders to the interbank markets. In the table below, we’ve compared the fees of IFC-Markets with those of Fortrade and FXPrimus brokers.

Spreads

All trading styles are welcomed at IFC Broker. However, this broker provides a competitive trading strategy and spread rates. Therefore, you can choose between fixed or floating spreads for CFD trading based on your needs.

The spread offered by this broker will depend on the type of account you choose. The offered spread may also vary on different platforms. In the table below, you can see IFC Markets’ fixed spreads compared to other popular brokers, namely Fortrade and FXPrimus.

Additional Fees

You should always consider the rollover fee or overnight fee as an additional cost. This fee is charged for positions held for more than a day and depends on whether you’re buying or selling the instrument. Swap rates are charged or paid according to a specific criterion defined for each instrument. Furthermore, customers adhering to Islamic principles can open an Islamic account with IFC Markets, where the broker won’t calculate exchange rates.

Deposits and Withdrawals at IFC Markets Broker

IFC Markets offers a wide range of payment methods supported by leading payment service providers globally. Therefore, IFCM supports transfers between its accounts through wire transfers, Crypto such as Bitcoin and Tether, bank cards, and online payment gateways such as WebMoney, Skrill, Neteller, OKPAY, and Unistream.

Minimum Deposit

The minimum required deposit to open an account at IFC Markets is $1. This amount serves as the starting point for your account, which is determined based on whether you opt for a floating or fixed spread. The minimum deposit, accompanied by applicable commissions or without them, will be diverse through financial replenishment options.

International Bank Transfer:

• Processing Time: Usually 2 to 3 business days
• Deposit Fee: Depends on your bank’s transfer fees
• Minimum Deposit Amount: $100 / €100
• Available Withdrawal Method: International bank transfer

Bank Cards:

• Processing Time: Instant
• Commission: None
• Minimum Deposit: $100 / €100 / ¥10,000
• Maximum Deposit: $5,000 / €5,000 / ¥500,000
• Available Withdrawal Method: Bank card used for deposit
• Processing Time: Within 1 hour
• Minimum Deposit: $1

Cryptocurrencies (Bitcoin (BTC), Tether (TRC20), Ethereum (ERC20))

• Processing Time: Instant
• Deposit Fee: None
• Minimum Deposit: $100 / €100 / ¥10,000 / 2000 uBTC
• Available Withdrawal Method: Cryptocurrencies

TopChange

• Processing Time: Instant
• Deposit Fee: None
• Minimum Deposit: $1
• Available Withdrawal Method: TopChange

Perfect Money Payment System:

• Processing Time: Instant
• Commission: 0.5% to 1.99%
• Minimum Deposit Amount: $1 / €1
• Maximum Deposit Amount: $5,000 / €5,000
• Available Withdrawal Method: Perfect Money

WebMoney Payment System:

• Processing Time: Instant
• Commission: 20%
• Minimum Deposit Amount: $1
• Available Withdrawal Method: WebMoney System

Withdrawals at IFC Broker

IFC Markets Broker makes a great effort to keep withdrawal or deposit costs low. However, these promotions apply only to specific withdrawal methods, and there may be variations between the origin countries. Some deposit methods add processing fees, while others are provided free of charge. For example, card withdrawals are free of charge.

For withdrawals, you can use similar methods with optional commissions and minimum allowable transfer amounts defined by each provider. For example, card withdrawal in E-wallet costs $10 with a 2% commission and $7.50 in commission. On the other hand, CashU E-wallet does not charge any fee for this service. Here are the details of all withdrawal methods provided:

Bank Wire Transfer

• Processing Time: 2 to 3 business days on average
• Commission: Variable
• Minimum Withdrawal Amount: $50 / €50

Perfect Money Payment System

• Processing Time: Within a few minutes
• Commission: 0.5%
• Minimum Withdrawal Amount: $1 / €1
• Maximum Withdrawal Amount: $5,000 / €5,000

Bank Card to Bank Card Transfer

• Processing Time: Usually 1 to 5 business days
• Commission: Variable
• Minimum Withdrawal: $10 / €10 / ¥5,000
• Maximum Withdrawal: $1,000 / €1,000 / ¥100,000 per day

TopChange

• Processing Time: Within a few minutes
• Commission: 4%
• Minimum Withdrawal: $1
• Processing Time: Within a few minutes
• Commission: Up to 0.8% (max $50)
• Minimum Withdrawal: $1

Cryptocurrencies

• Processing Time: Less than 1 business day
• Minimum Withdrawal: $50 / €50 / ¥5,000 / 1,000 uBTC
• Processing Time: Within a few minutes
• Commission: None
• Minimum Transfer Amount: $1 / €1 / ¥100 / 50 uBTC

Other Payment Systems

• Processing Time: Within a few minutes
• Commission: Depends on the payment system

IFC Markets Broker Trading Platforms

The range of trading platforms at IFC Markets includes a selection of popular options, such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Additionally, IFC Markets is licensed to use the next-generation trading station, NetTradeX. The advantages of IFC Markets’ trading platforms are as follows.

• User-Friendly Software
• The availability of MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms
• The exclusive use of the advanced trading station NetTradeX
• Versions suitable for trading on the web, mobile, and desktop
• Precise fee reports
• Support for multiple languages

Desktop Platform

Most market leaders, like the MT4 and MT5 platforms, likely don’t require much introduction, as they are platforms that offer comprehensive trading features, including multiple functionalities, automated trading, and a multi-terminal system.

So, let’s focus on another viable option: NetTradeX. This platform is highly advanced and tailored to meet the needs of professional traders. It also offers the unique ability to create custom instruments for each portfolio, including standard and synthetic instruments, created by experts to personalize your trading strategy.

The trading terminal also provides automated trading separate from the common functions with a special graphical interface and expert advisors. This trading terminal is equipped with position and order management, custom indicators, and various services.

So, you can work on NetTradeX and simultaneously on both platforms as a primary and secondary platform. The unified language of NetTradeX advisors complements the primary terminal’s functionality. Thus, you can choose to trade manually or set up algorithms with specified code, offering an excellent opportunity by IFC Markets broker.

Web-Based Platform

Web-based platforms have fewer features and functionalities compared to desktop versions. However, the web-based version is excellent for general monitoring and reviewing trading strategies, making it a valuable addition. There is also an option to use IFC Markets broker platforms in iOS and Android mobile applications, which is considered a great feature.

Customer Support at IFC Markets

IFC Markets broker provides customer support in 18 common international languages. Features such as fast responsiveness and multiple contact methods through established entities of IFC Markets worldwide are available.

Education

Since the trading environment is only one important aspect of a successful trade, a professional broker needs to support and educate its customers in various ways. IFC broker’s educational content is organized through the Online Trading Academy, video tutorials, books, and glossaries. These materials, along with daily technical and fundamental analysis and analytical videos created by experts, are offered to customers.

Summary of IFC Markets Broker

In general, IFC Markets broker is a group of developed companies that can provide access to trading a wide range of forex and CFD trading instruments, as well as new markets and a comprehensive stock basket. The broker’s business model is based on transparent and reliable customer relationships through rule-based execution. This type of business, along with a wide range of general and proprietary platforms with powerful features, is offered. IFC Markets broker supports its customers with education and multilingual customer services and offers a choice of accounts.

Advantages

• Credible with BVI FSC and LFSA regulations
• Over 16 years of experience
• Easy deposit and withdrawal in real money
• Unique trading tools
• Professional liability insurance against risks
• NetTradeX trading platform
• Numerous trading programs and awards

Disadvantages

• Support through Telegram is not fast.