A lot of IFC features can fulfill the same functions as any other broker, so the focus of this review was on small volume trades. In addition to providing top-quality trading platforms that include MT4/5, the broker provides an impressive market education section on its website. Other advantages include Islamic accounts, an extensive analytics section and a free demo account so you can gauge IFC’s offerings and practice your trading. Traders have the option to choose between fixed spreads and floating spreads. The fixed spreads start from 1.8 pips, providing traders with a clear and consistent cost of trading. On the other hand, the floating spreads start from as low as 0.4 pips, allowing traders to potentially benefit from tighter spreads during periods of market volatility or when liquidity is high.
IFC Markets’ non-trading fees are average compared to other similar brokers. Founded in 2006, the IFC markets group is based in the British Virgin Islands and consists of three brokerage firms and a FinTech company. It maintains regulation from the British Virgin Islands Financial Services Commission (BVI FSC), Labuan Offshore Financial Services Authority, and the Cyprus Securities and Exchange Commission (CySEC).
IFC Markets vs Avatrade
IFC is the testament of an excellent engineer platform built for the advanced trader looking for something other than the ordinary. It continues to earn the trust of its growing client base, which breached 150,000. Among its best features are the numerous trading platforms that it makes available.
The NetTradeX mobile app offers the best features available on the desktop version including the complete range of order types, trade analysis, and expert advisors. Third-party platforms such as MT4 and MT5 are less user-friendly and more difficult to set up than the NetTradeX platform. https://traderoom.info/is-forex-broker-dowmarkets-scam-or-not/ However, traders can take their customised versions of these platforms with them should they choose to migrate to another broker. There is also a vast difference between the minimum deposits on the Micro accounts and Standard accounts, which start at 5 USD and 1000 USD, respectively.
IFC Markets Current Popularity Trend
The Best platform I’ve worked in Iran with Lot Of support and Guides for new Traders and have best support for Iranian and Farsi languages.
- In conclusion, IFC Markets offers a diverse range of trading instruments, multiple trading platforms, and educational resources, providing traders with opportunities for growth and flexibility.
- Weekly analysis of the market situation is represented by a video clip, and the moods of buyers and sellers are also published once a week.
- For people just looking for some extra cash into forex and CFDs, IFCM simplifies the process.
- Once completed, IFC Markets users can download the trading platform of their choice.
As a result, selecting the right trading platform like IFC Markets requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like IFC Markets available, each with unique features, fees, and regulations. However, the trading platforms are generally user-friendly and well-designed. The MT4 and MT5 mobile apps allow traders to close and modify existing orders, calculate profit and loss in real-time and allow tick chart trading.
Trading Platforms review:
Both platforms provide clients with research, but AvaTrade offers more in-depth educational programs for new traders. AvaTrade offers the SharpTrader program that includes over 200 video tutorials and over 40 subtopics for holistic support for trading skills. In such a complex landscape, finding a reliable and trustworthy broker like IFC Markets requires thorough due diligence and careful consideration. Some IFC Markets trading features can be complex when trading on mobile or using the IFC Markets online trading platform. Beginners and inexperienced traders must take the time to learn how to use the IFC Markets trading tools properly. Overall, IFC Markets’ trading costs are higher than other similar brokers on its fixed spread accounts and lower than average on its floating spread accounts.
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. 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.
Spreads & Commissions
Trading on IFC is commission-free with tight spreads and no hidden costs. The broker also doesn’t charge withdrawal fees, however, it does charge a deposit fee. Overall, we find IFC Markets a reliable broker with an established global presence offering the best CFD products backed up with great technology. Conditions are suitable for both beginners and experts with low fixed and floating spreads.
How do I withdraw money from IFC?
- Click ‘Withdraw’ in the ‘My money’ section.
- Select the line with the needed account from the “Live accounts” list, click the “ellipsis” icon (…), and choose the “Withdraw funds” function.
What is the ranking of IFC Markets?
Extensive educational and research tools make the broker stand out among brokers in the industry. IFC Markets Overall Ranking is 8.6 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.