IFC Markets Review 2024

IFC Markets review
IFC Markets Fees Explained

• IFC Markets withdrawal fees varies on payment method
• IFC Markets does charge a fee for inactive accounts.
• IFC Markets does charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from IFC Markets are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

IFC Markets Costs To Check

Modern brokers like IFC Markets provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, IFC Markets may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall IFC Markets trading profitability.

How IFC Markets Fees Compare Against Other Brokers

IFC Markets Minimum Deposit

IFC Markets requires a minimum deposit of 1000 GBP/USD/EUR when opening an IFC Markets trading account.

A minimum deposit is the minimum amount of money required by IFC Markets to open a new online brokerage account with them.

Don't be scared off by brokers like IFC Markets charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like IFC Markets, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

IFC Markets Withdrawal Fees

The fees for withdrawing funds from your IFC Markets account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your IFC Markets withdrawal request is important.

IFC Markets Withdrawal rules may vary across different brokers when it comes to transferring funds from your IFC Markets or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with IFC Markets may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the IFC Markets withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from IFC Markets. Researching and comparing IFC Markets withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing IFC Markets funds frequently or dealing with large sums of money. Awareness of these IFC Markets fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your IFC Markets funds.

For example, IFC Markets allows you to withdraw your funds to Credit cards, Debit cards, Bank Transfers, Electronic wallets (eWallets), Skrill, Neteller, Internal Transfer, Bitcon, Perfect Money, Pasargad Novin, TopChange, Bitwallet, Neteller, WebMoney.

IFC Markets Inactivity Fees

IFC Markets does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by IFC Markets terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all IFC Markets fees and services. It's recommended that you check the IFC Markets website before signing up. If you decide to close your IFC Markets account, it's important to do so with the IFC Markets broker customer support and obtain confirmation that no remaining IFC Markets fees are due.

Brokers like IFC Markets must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

IFC Markets Deposit Fees

IFC Markets do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

IFC Markets Commission Fees

IFC Markets does charge commission on CFD instruments.

Brokerage firms like IFC Markets may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the IFC Markets trading account level held by the trader.

IFC Markets may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing IFC Markets terms and conditions to understand the commission fees and any other charges that may apply is essential.

IFC Markets review
Trading on IFC Markets web platforms and other applications

IFC Markets offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

IFC Markets also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See IFC Markets's platforms

Is the IFC Markets Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the IFC Markets trading platform to protect you on PC and mobile IFC Markets platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using IFC Markets web trading platforms.

IFC Markets Trading Platform Options

After logging into your IFC Markets account, you'll find a range of trading platform options available below.

• MetaTrader 4 (MT4)

Please be aware that IFC Markets does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

IFC Markets does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options IFC Markets gives you.

IFC Markets review
IFC Markets MetaTrader 4 (MT4)

IFC Markets MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on IFC Markets offers traders comprehensive features and tools to enhance their trading performance. The IFC Markets MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the IFC Markets platform to their needs. One of the standout features of MT4 is its charting functionality, which allows IFC Markets traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give IFC Markets traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 IFC Markets trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the IFC Markets MetaTrader 4 (MT4) trading platform. MT4 is a platform available with IFC Markets, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The IFC Markets MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. IFC Markets allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with IFC Markets in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. IFC Markets MetaTrader 4 is compatible with the latest macOS. IFC Markets allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on IFC Markets

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade IFC Markets MetaTrader 4 on iOS Devices

You can download the IFC Markets app or trade with IFC Markets through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. IFC Markets customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade IFC Markets MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and IFC Markets offers its clients access to the MetaTrader 4 platform on these devices. With the IFC Markets MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing IFC Markets traders to stay on top of their trades and react quickly to changes in the market. With the IFC Markets MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade IFC Markets MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on IFC Markets are a powerful bundle of three major indicators designed to help traders make informed decisions. IFC Markets MT4 Trading Central indicators include:

• Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
• Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
• Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help IFC Markets traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing IFC Markets traders to potentially stay one step ahead.

IFC Markets MetaTrader 4 Advanced Trading Tools

The IFC Markets MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give IFC Markets traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, IFC Markets provides traders with everything they need to succeed. The IFC Markets MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing IFC Markets traders to analyze the market at any level of complexity.

Trade IFC Markets MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

IFC Markets MetaTrader 4 AutoChartist

Autochartist on the IFC Markets platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for IFC Markets MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, IFC Markets traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save IFC Markets users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. IFC Markets traders can navigate the platform and find the information they need to make informed trading decisions.

IFC Markets Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for IFC Markets traders of all experience levels.

IFC Markets Trading benefits

• IFC Markets Allows scalping
• IFC Markets Allows hedging
• IFC Markets Offers STP

IFC Markets Trading Accounts Offered

Below we give an overview of the account types that IFC Markets offer. Whatever you are looking to trade, the varying IFC Markets account types will be able to provide you with what you need.

• IFC Markets Demo account
• IFC Markets Mini account
• IFC Markets Standard account
• IFC Markets ECN account
• IFC Markets STP account
• IFC Markets Islamic account

Can I try IFC Markets?

IFC Markets provides a demo account that enables individuals to explore trading before investing their funds. By creating a IFC Markets practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the IFC Markets demo account can help individuals to make informed decisions before investing their money.

Open a demo IFC Markets account to practice and trade.

Your capital is at risk

IFC Markets withdrawal and funding methods

It's essential to remember that the payment methods provided by IFC Markets vary based on the IFC Markets entity and the IFC Markets client's country of residence. To view the IFC Markets payment options available, you can log into your IFC Markets member's area.

IFC Markets offers various funding payment methods listed in your IFC Markets dashboard if available in your region. To learn more about the IFC Markets funding and withdrawal options available in your area, you can explore the IFC Markets website.

IFC Markets provides several payment methods for funding your IFC Markets account. You may utilize any of these deposit options if they are available in your region. IFC Markets ensures that users have multiple payment methods to choose from, making it more convenient for verified IFC Markets account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the IFC Markets user's location. learn more about IFC Markets funding and withdrawal methods.

IFC Markets Payment Methods

Some IFC Markets payment methods are local and are available only to specific regions. IFC Markets account holders should check which payment methods are provided in your region.

• IFC Markets accepts Credit cards
• IFC Markets accepts Debit cards
• IFC Markets accepts Bank Transfers
• IFC Markets accepts Electronic wallets (eWallets)
• IFC Markets accepts Skrill
• IFC Markets accepts Neteller
• IFC Markets accepts Internal Transfer
• IFC Markets accepts Bitcon
• IFC Markets accepts Perfect Money
• IFC Markets accepts Pasargad Novin
• IFC Markets accepts TopChange
• IFC Markets accepts Bitwallet
• IFC Markets accepts Neteller
• IFC Markets accepts WebMoney

How can I start trading with IFC Markets?

To open a trading account with IFC Markets, individuals can sign up on the IFC Markets website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for IFC Markets account validation and making a deposit. Once completed, IFC Markets users can download the trading platform of their choice.

It's important to note that IFC Markets requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps IFC Markets maintain a trustworthy financial environment for its 10,000 users. Detailed information on the IFC Markets trading platforms is available on their website.

Your capital is at risk

Performing trades with IFC Markets

When using IFC Markets, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. IFC Markets have a max trade of varies. With the ECN and STP execution methods offered by the platform, traders using IFC Markets can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.

Like other brokers, IFC Markets margin requirements can differ depending on the traded instrument.

Education Resources at IFC Markets

To trade effectively with IFC Markets, it's important to have a good understanding of the IFC Markets trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with IFC Markets and externally.

IFC Markets . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with IFC Markets. Familiarizing yourself with the IFC Markets trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using IFC Markets. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with IFC Markets involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like IFC Markets, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with IFC Markets. Explore the IFC Markets platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with IFC Markets, before live trading.

Customer Support at IFC Markets

As part of our IFC Markets review, we review customer service options, response times and problem resolution effectiveness on the IFC Markets trading platform. The IFC Markets trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

IFC Markets Available Support Types

Based on our experience, we have given IFC Markets a D grade for customer support. We encountered some slow response times or IFC Markets queries that were left unanswered.

Compared to other brokers, IFC Markets offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at IFC Markets

Our team tested the live chat support of IFC Markets and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.

In addition, we tested IFC Markets support services in various countries and languages and found that IFC Markets were able to effectively resolve our customer issues.

Email Support at IFC Markets

We tested the email support of IFC Markets by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any IFC Markets response.

The IFC Markets team did resolve and answer our queries, but the email support from IFC Markets was overall average compared to other brokers we have tested.

Phone Support at IFC Markets

We contacted IFC Markets via phone and received quick assistance within 10 minutes of our call.

The IFC Markets phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by IFC Markets and found that they could assist us in various languages.

While we found the IFC Markets phone support satisfactory, there is room for improvement in response time.

See how IFC Markets Support Compares Against Other Brokers

What you will need to open an account with IFC Markets

As IFC Markets is regulated by British Virgin Islands Financial Services Commission (BVI).

As a new client of IFC Markets, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with IFC Markets in your region. During the IFC Markets account opening process, you will be asked to provide IFC Markets with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with IFC Markets have the following documents available.

• IFC Markets require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for IFC Markets compliance. This must be dated within the last six months.
• If you plan to fund your IFC Markets account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the IFC Markets platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under IFC Markets Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring IFC Markets's platform.

However, remember that you won't be able to make trades on IFC Markets until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the IFC Markets KYC compliance process as soon as possible to avoid any delays in accessing the IFC Markets platform's features.

It is important to note that IFC Markets may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the IFC Markets platform and features immediately. However, you must pass the verification process to start live trading with IFC Markets, which can take up to a few business days.

To start the process of opening an account with IFC Markets you can visit the IFC Markets trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.ifcmarkets.com/ on April 17, 2024.

IFC Markets review written by Andrew Blumer and Mark Hansen