IFC Markets is a CFD broker with 17 years of experience in the forex industry and over 210,000 clients worldwide. It is regulated by BVIFSC, CySEC, and LFSA, has received 23 international awards, offers insurance, and executes traders’ orders on an ECN. Online reviews tend to be more positive than negative. However, it is still an offshore company headquartered in the Virgin Islands, with a presence in Cyprus. Can you trust your funds with such an organization, or is it better to find a more secure intermediary? Let’s delve into more detail.
How to Trade
The broker offers clients accounts with different spreads: fixed or floating, depending on the platform chosen by the trader. IFC Markets allows trading on one of three terminals:
NetTradeX.
MetaTrader 4.
MetaTrader 5.
The minimum deposit is $1, with a minimum floating spread of 0.4 pips and a fixed spread starting from 1.8 pips. Traders can also utilize leverage of up to 1:400, work with volumes from 0.01 lots, and test the platform on a demo account. Commissions are stated on the website as 0%.
IFC Markets provides various additional services, including PAMM accounts, a partner program, technical analysis, analytics, educational resources, video tutorials on YouTube, an economic calendar, and other widgets.
IFC Markets Vital Info
According to the official website, the company has been in operation for over 17 years. The domain of the official website was registered in 2005, confirming their experience in the industry.
The broker’s headquarters is located in the British Virgin Islands, where they have obtained their license. IFC Markets provides a link to the BVIFSC registry on its website, allowing users to verify their regulatory status. Additionally, the broker holds licenses from CySEC and LFSA.
It is worth noting that these financial commissions are not among the strictest and most responsible. For example, regulation by the FCA would provide a higher level of security.
FAQ
What are the key facts about IFC Markets?
The organization was founded in 2006 and has two legal entities: one in the British Virgin Islands and the other in Cyprus. According to the official website, traders' orders are routed to interbank liquidity (ECN), but the actual details of how this works and at what volume orders are executed remain unknown. Additionally, the company has received over 20 forex awards and is insured by AIG. More than 210,000 users are trading here.
What's the risk to my wallet when working with this broker?
It is an experienced company, and based on reviews, it does not engage in blatant fraud. However, it's important to understand that IFC Markets is registered in an offshore jurisdiction, which comes with inherent risks. Moreover, one should not forget the risks associated with margin trading. Over 70% of traders lose their money in Forex/CFD trading. Zero commissions contradict the ECN technology, since it's through commissions that brokers typically generate their profits. This means that either there are high spreads here, or the firm actively assists traders in losing money. It is also a risk to consider.
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The Goods & The Bads
Extensive operating history.
IFC Markets holds licenses from CySEC, BVIFSC, and LFSA.
Low minimum deposit and availability of a demo account.
Offshore registration.
Conflicting information regarding zero commissions and ECN.
I don't think there are more than 210,000 traders in Ifc Markets; they are clearly exaggerating that number. The reality is that there are far fewer traders here. The company is not very safe because it's based in an offshore jurisdiction and doesn't have any offices in reputable jurisdictions. Cyprus? It's no better than the British Virgin Islands or someplace like Grenadines. I would trust an organization more if it were registered in the UK and regulated by the FCA. CySEC, BVI, LFSA – these are weak regulators that won't help you recover your money if the broker goes bankrupt or tries to deceive you. So, think carefully about where you trade and where you transfer your money. I decided to stop using it because I didn't want to risk my money.
Trading with IFC Markets was average. I traded here from 2020 to the end of 2021. I was able to earn over $40,000 during this period, but it can't be said that it was a good and successful experience. In early 2022, I switched to another platform and realized that I should have done it right away. I calculated that if I had traded elsewhere from the start, where I'm currently trading, I could have earned an additional $3,000. It's all about the spreads and other minor aspects. $3,000 in profit is good money.
There were occasional issues with withdrawals. Temporary issues, but they existed. It sometimes took 5-6 days to wait for customer support to process the withdrawal request and send the money. But overall, the company was never involved in any scams. So, if the conditions suit you, you can trade.
I've been waiting for a withdrawal for a week now. I submitted the request, and it's still being processed. Is there any way to speed up the process? I called their customer support, but they didn't provide much help; they just told me to wait.
I haven't seen managers more rude anywhere else; they're just shameless. They keep pushing me to fund my account quickly, promising a +100% bonus, but the bonus decreases every day. In short, they're trying to scam you at IFC MARKETS.
I have a question for them. How can there be ECN with a 0% hidden commission? In what way does the broker earn a profit when the main and only source of revenue is absent? It's likely either through spreads, which incorporate these zero commissions, or the company quietly works "against" traders. So, does the information about ECN seem fake? Or how should it be understood? What is the minimum order size required to be routed to ECN? It's unlikely the firm routes orders of $100 to $1,000 to the interbank; more likely it's $100,000, and above. Although, to my knowledge, the minimum volume there is 1 million dollars. In short, it's the question for IFC Markets. I can't figure it out yet, so opening an account is very risky. It could turn out to be a regular b-book, and that's a conflict of interest.
I've been trading here for over a year. Everything is satisfactory. Spreads are small, and there are no commissions. There is a wide variety of trading instruments, which is a delight for me because I like to trade a large number of assets. My strategy is aligned with this. Withdrawals are processed quickly, without any delays or issues. In short, you can trade IFC Markets, and I even recommend doing it here.
There are many assets, but few cryptocurrencies. Commissions seem to be zero, but because of this, the spreads are very high. I would even say astronomically high spreads at ifcmarkets. The spreads at ifcmarkets are really very high. To make a comparison, I started trading elsewhere, and there the spreads are 50% better. Do you feel the difference?
Of course, ifc markets is a decent firm that has been around for a long time, but that's more of a downside. The broker thinks it's the best, so it can impose any trading conditions on its clients. That's why they have inflated spreads, making intraday trading impossible. If you're a medium-term trader, you may not care about spreads, but if you're an intraday trader, the size of spreads matters a lot. I left this firm because it became unprofitable to trade. But some people like it, and it's convenient for them.
Just a regular dealing desk! They're lying about ECN. An offshore broker and ECN? No, that doesn't happen. It's 100% B-Book, which happily wipes out your deposit!
Among the old and popular brokers, IFC Markets ranks poorly. Yes, that's true. Regarding unique advantages, the organization lags far behind its competitors. The same goes for marketing. Apparently, the number of clients is not so large that colossal amounts of money can be spent on advertising. Trading conditions at ifcmarkets.com are also worse than those of similar companies.
I don't want to say anything bad about the brokerage; it's safe and reliable. Probably. But honestly, there are more profitable companies to trade with. Why deal with a platform where it's not profitable and lacks unique advantages when you can deal with a platform that offers unique advantages and profitable trading?
On one hand, it's a company that's regulated by three financial commissions, but on the other hand, they have strange and unfavorable trading conditions. IFC Markets leaves a mixed and contradictory impression. If I wanted to trade Forex/CFD, I definitely wouldn't choose to open a broker account here.
Not a bad broker. I've been trading here for over 4 years, and everything suits me. I was recommended this broker because it offers very favorable trading conditions, with no withdrawal issues and friendly technical support. I agree with all of this, as I've experienced it firsthand. If you're looking for a reliable, proven, and good broker, then welcome to IFC Markets. You won't go wrong. The broker is exactly what you've been searching for. There's no deception or fraud here. The company operates honestly, transparently, and cleanly. This may be the best broker of its kind. It's important to understand that the broker executes orders on interbank liquidity (ECN), so they are directly interested in the success of their clients, who pay spreads when opening trades.
Several of my trader colleagues traded with IFC Markets at some point. One of them traded as far back as 2012, and the other in 2017. Both had negative feedback about the service. The problems they encountered included terrible customer service, inexperienced and unfriendly managers, significant lags on the trading platform, high spreads, and slow withdrawals. Both of them complained and recommended not opening accounts here.
I don't think there are more than 210,000 traders in Ifc Markets; they are clearly exaggerating that number. The reality is that there are far fewer traders here. The company is not very safe because it's based in an offshore jurisdiction and doesn't have any offices in reputable jurisdictions. Cyprus? It's no better than the British Virgin Islands or someplace like Grenadines. I would trust an organization more if it were registered in the UK and regulated by the FCA. CySEC, BVI, LFSA – these are weak regulators that won't help you recover your money if the broker goes bankrupt or tries to deceive you. So, think carefully about where you trade and where you transfer your money. I decided to stop using it because I didn't want to risk my money.
Trading with IFC Markets was average. I traded here from 2020 to the end of 2021. I was able to earn over $40,000 during this period, but it can't be said that it was a good and successful experience. In early 2022, I switched to another platform and realized that I should have done it right away. I calculated that if I had traded elsewhere from the start, where I'm currently trading, I could have earned an additional $3,000. It's all about the spreads and other minor aspects. $3,000 in profit is good money.
There were occasional issues with withdrawals. Temporary issues, but they existed. It sometimes took 5-6 days to wait for customer support to process the withdrawal request and send the money. But overall, the company was never involved in any scams. So, if the conditions suit you, you can trade.
I've been waiting for a withdrawal for a week now. I submitted the request, and it's still being processed. Is there any way to speed up the process? I called their customer support, but they didn't provide much help; they just told me to wait.
I haven't seen managers more rude anywhere else; they're just shameless. They keep pushing me to fund my account quickly, promising a +100% bonus, but the bonus decreases every day. In short, they're trying to scam you at IFC MARKETS.
I have a question for them. How can there be ECN with a 0% hidden commission? In what way does the broker earn a profit when the main and only source of revenue is absent? It's likely either through spreads, which incorporate these zero commissions, or the company quietly works "against" traders. So, does the information about ECN seem fake? Or how should it be understood? What is the minimum order size required to be routed to ECN? It's unlikely the firm routes orders of $100 to $1,000 to the interbank; more likely it's $100,000, and above. Although, to my knowledge, the minimum volume there is 1 million dollars. In short, it's the question for IFC Markets. I can't figure it out yet, so opening an account is very risky. It could turn out to be a regular b-book, and that's a conflict of interest.
I've been trading here for over a year. Everything is satisfactory. Spreads are small, and there are no commissions. There is a wide variety of trading instruments, which is a delight for me because I like to trade a large number of assets. My strategy is aligned with this. Withdrawals are processed quickly, without any delays or issues. In short, you can trade IFC Markets, and I even recommend doing it here.
There are many assets, but few cryptocurrencies. Commissions seem to be zero, but because of this, the spreads are very high. I would even say astronomically high spreads at ifcmarkets. The spreads at ifcmarkets are really very high. To make a comparison, I started trading elsewhere, and there the spreads are 50% better. Do you feel the difference?
Of course, ifc markets is a decent firm that has been around for a long time, but that's more of a downside. The broker thinks it's the best, so it can impose any trading conditions on its clients. That's why they have inflated spreads, making intraday trading impossible. If you're a medium-term trader, you may not care about spreads, but if you're an intraday trader, the size of spreads matters a lot. I left this firm because it became unprofitable to trade. But some people like it, and it's convenient for them.
Just a regular dealing desk! They're lying about ECN. An offshore broker and ECN? No, that doesn't happen. It's 100% B-Book, which happily wipes out your deposit!
Among the old and popular brokers, IFC Markets ranks poorly. Yes, that's true. Regarding unique advantages, the organization lags far behind its competitors. The same goes for marketing. Apparently, the number of clients is not so large that colossal amounts of money can be spent on advertising. Trading conditions at ifcmarkets.com are also worse than those of similar companies.
I don't want to say anything bad about the brokerage; it's safe and reliable. Probably. But honestly, there are more profitable companies to trade with. Why deal with a platform where it's not profitable and lacks unique advantages when you can deal with a platform that offers unique advantages and profitable trading?
On one hand, it's a company that's regulated by three financial commissions, but on the other hand, they have strange and unfavorable trading conditions. IFC Markets leaves a mixed and contradictory impression. If I wanted to trade Forex/CFD, I definitely wouldn't choose to open a broker account here.
Not a bad broker. I've been trading here for over 4 years, and everything suits me. I was recommended this broker because it offers very favorable trading conditions, with no withdrawal issues and friendly technical support. I agree with all of this, as I've experienced it firsthand. If you're looking for a reliable, proven, and good broker, then welcome to IFC Markets. You won't go wrong. The broker is exactly what you've been searching for. There's no deception or fraud here. The company operates honestly, transparently, and cleanly. This may be the best broker of its kind. It's important to understand that the broker executes orders on interbank liquidity (ECN), so they are directly interested in the success of their clients, who pay spreads when opening trades.
Several of my trader colleagues traded with IFC Markets at some point. One of them traded as far back as 2012, and the other in 2017. Both had negative feedback about the service. The problems they encountered included terrible customer service, inexperienced and unfriendly managers, significant lags on the trading platform, high spreads, and slow withdrawals. Both of them complained and recommended not opening accounts here.