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IFC Markets

IFC Markets, which is celebrating its 15th anniversary this year, is a Forex broker approved by the British Virgin Islands Financial Services Commission (BVI:FSC). They provide highly distinctive services featuring an abundant product lineup and unique products.

IFC Markets has by far the largest number of products, with over 1,100 products, and especially the stock CFD product lineup is incomparable. They have stocks of companies in Japan, the US, Europe, China, Russia, etc., and you can trade these stock CFDs with a maximum leverage of 1:20.

IFC Markets offers three types of trading tools, MetaTrader4, MetaTrader5, and NetTradeX, which they are developing in-house. With NetTradeX, you can freely create a basket, a portfolio of multiple symbols, and you can trade by further utilizing IFC Markets' extensive product lineup.

IFC Markets has the greatest merit of its uniqueness, but it is not competitive with other companies in terms of trading conditions such as spreads. Fixed spread is offered on MetaTrader4, and variable spread on MetaTrader5. The fixed spreads are large with USD/JPY 1.8pips and EUR/USD 1.8pips, and the variable spreads are medium level with USD/JPY 1.4pips and EUR/USD 1.5pips on average.

There are two account types for each trading tool, Micro account for small transactions and Standard account for general transactions. For Micro account, the initial minimum deposit is $ 1(USD), and for Standard account, it is $ 1,000(USD). The minimum and maximum order sizes are also different.

The inconvenience of using IFC Markets is that it is difficult to understand how to use NetTradeX, which is its original trading tool. Also, there are restrictions depending on the trading tool, such as only fixed spread is available on MetaTrader4 and only variable spread on MetaTrader5. IFC Markets maybe has not improved the convenience of MetaTrader4/5 in order to encourage the use of its own tool, NetTradeX.

Although it is difficult to differentiate services in the Forex industry, IFC Markets is a Forex broker that offers highly unique services. This Forex broker is recommended for users who are tired of general Forex broker services and want to use new services, especially those who are interested in stock CFDs.

Official Website

Pros

  1. Up to 7% annual interest on margin deposit
  2. Wide range of CFD products
  3. Minimum deposit is only $ 1(USD)

Cons

  1. Large spread
  2. Spread methods are varied by trading tool
  3. No bonus programs

Operating Company

Company name:
IFCMARKETS. CORP., IFC Markets Ltd
Head office address:

【IFCMARKETS. CORP.】Malaysia Quijano Chambers, P.O.Box 3159, Road Town, Tortola, British Virgin Islands
【IFC Markets Ltd】Villa, Lot U0965, Jalan Jumidar Buyong, 87000 FT Labuan, Malaysia

Financial license:

【IFCMARKETS. CORP.】British Virgin Islands Financial Services Commission(BVI:FSC)
【IFC Markets Ltd】Labuan Financial Services Authority

Founded:
2006
Capital:
Undisclosed

Customer Service

Website language:

【Asia】Vietnamese・Malaysian・Korean・Indonesian・Simplified Chinese・Traditional Chinese・Japanese・Hindi
【Europe and America】English・Spanish・Russian・Italian・Portuguese・French・Czech・German
【Middle East・Africa】Persian・Arabic・Turkish

Trading platform:

【IFCMARKETS. CORP.】MetaTrader4/5, NetTradeX
【IFC Markets Ltd】MetaTrader5, NetTradeX

English support:
Email・Support Chat・Phone
Business hours:
(weekdays)7:00 am - 7:00 pm(CET)
Email address:
[email protected]
Phone number:

(+44)20-3966-1649, (+1)613-686-4362
(+7)968-067-9513(Telegram/WhatsApp)

Trading Rules

Roll over:
0:00(Server time)
Margin call:
When the margin maintenance rate falls below 50%
Loss cut:
When the margin maintenance rate falls below 10%
Matched order:
Permitted
EA restrictions:
None
Request for additional margin:
None(If the margin becomes negative, zero cut will be performed)
Funds management:
Managed in a segregated bank account
Bankruptcy compensation:
Full deposit compensation with AIG(American International Group)insurance

Conditions for Each Account Type

Trading platform:

【IFCMARKETS. CORP.】MetaTrader4/5, NetTradeX
【IFC Markets Ltd】MetaTrader5, NetTradeX

Brokerage model:
STP方式
Spread method:
【MT4】Fixed spreads 
【MT5】Variable spreads
Trading account currency:
Japanese Yen・US Dollar・Euro
Maximum leverage:

【Micro】1:400 
【Standard】1:200

Initial minimum deposit:

【Micro】$ 1(USD) 
【Standard】$ 1,000(USD)

Lot size:
100,000 units
Minimum order size:
【Micro】0.01 lot 
【Standard】0.1 lot
Maximum order size:
【Micro】1 lot 
【Standard】 10,000 lots
Maximum open orders:
Unlimited
Instruments(symbols):

【FX/Currency Pair】:49 
【CFD/Metals】:9 
【CFD/Indices】:12 
【CFD/Energy】:8 
【CFD/Cryptocurrencies】:1 
【CFD/Commodities】:30(*1) 
【CFD/Stock】:463(*2) 
【CFD/ETF】:4

Available trading hours:

(Monday)0:00 am - (Friday)10:00 pm(Server time)

Transaction fees:
None
Account maintenance fee:
None
Holding multiple accounts:
Permitted
GMT time difference:
【MT4/MT5】Daylight saving time:+2 hours, Winter time:+1 hour

(*1)27 CFD/Commodities are tradeable with MT4.

(*2)394 CFD/Stocks are tradeable with MT4.


Disclaimer:arw

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