IFC Markets vs SuperForex - Fees Review included
Which broker is better IFC Markets or SuperForex? Our expert assessment conducted according to TU’s own methodology showed that IFC Markets is one of the top brokers in the financial market with the TU Overall Score of 5.6 out of 10. SuperForex is one of the top brokers in the financial market with the TU Overall Score of 5.8 out of 10. Find out more about TU Overall Score.
| Feature | IFC Markets | SuperForex |
|---|---|---|
Overall |
3.8 |
3.2 |
2.6 |
1.4 |
|
3.5 |
2.9 |
|
4.3 |
4.2 |
|
Investment Instruments |
1 |
3.1 |
Platforms and Charting Tools |
4.5 |
3.0 |
Deposit and Withdrawal |
4.6 |
2.9 |
Research |
3.7 |
4.1 |
Education |
3.6 |
4.5 |
Support |
4.7 |
2.6 |
Bonuses |
4.1 |
3.5 |
|
|
|
IFC Markets vs SuperForex: Pros and Cons
IFC Markets was established in 2006. The company is owned by IFCM Group, a financial corporation that turned the services of providing access to international asset markets into a separate business. The broker focuses on two areas – classical trading services and synthetic instrument trading services. The broker is regulated by BVI FSC (British Virgin Islands). Deposits of the traders are insured at AIG Europe Limited.
“SuperForex” company is the licensed Forex-broker, founded in the year 2013. “SuperForex” broker remains professional in its brokerage servicing and believes that reliability and transparency are its main features. This company tends to provide Forex market participants with the most beneficial trading conditions
| IFC Markets | SuperForex | |
|---|---|---|
| Overall Pros | Unique instruments for trading: portfolio quoting, continuous stock indices and derivatives, and a proprietary trading platform. | Low entry threshold from 1 USD |
| Insurance against risks of professional liability. | High leverage limit - up to 1:1000-1:2000 | |
| Over 600 trading assets of different classes, including synthetic instruments. | Transparent formation of the rating of traders in the social trading service | |
| Overall Cons | Relatively high spread – from 1.8 pips. | Offshore regulation |
| Complex verification. Certification of the documents by a notary public and their translation into English may be required. | There is a brokerage commission for withdrawing money | |
| Offshore regulation, which is unlikely to help a trader in any way. | ||
| The broker’s proprietary platform does not envisage the use of an advisor and indicators on MQL. Translation into the platform’s language is performed at the trader’s expense. | ||
| There are no passive income programs. |
IFC Markets vs SuperForex: Safety and Regulation
| Regulated By: | IFC Markets | SuperForex |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
BVI FSC (British Virgin Islands) and LFSA (Labuan, Malaysia). |
IFSC (Belize) |
IFC Markets vs SuperForex: Trading Conditions
| Trading Conditions | IFC Markets | SuperForex |
|---|---|---|
Minimum Deposit |
$1 |
From $1 |
Trading Platforms |
МТ4, МТ5, NetTradeX |
МТ4 |
Max Leverage (Futures) |
1-400 |
1-1000-1-2000 |
Supported Markets |
Currencies, assets of stock and commodity markets, synthetic instruments |
Forex, Shares, Indices, Cryptocurrency, Metals, Energy |
Trading assets |
600+ |
400+ |
Trading Accounts |
NetTradeX - Beginner-Fixed, Standard-Fixed, Beginner-Floating, and Standard-Floating accounts; MetaTrader 4 – Micro-Fixed and Standard-Fixed accounts; MetaTrader 5 – Micro-Floating and Standard-Floating accounts |
STP (Standard, Swap Free, No Spread, Micro Cent, Profi STP, Crypto), ECN (ECN Standard, ECN Standard Mini, ECN Swap-Free, ECN Swap-Free Mini, ECN Crypto |
Base Account Currencies |
EUR, USD, and JPY |
USD, EUR, GBP (+ RUB, ZAR, NGN, CNY, BDT, INR, THB, KES, MYR, BRL, BDT, AED) |
IFC Markets vs SuperForex: Fees
Forex Trading Fees
| Fee | IFC Markets | SuperForex |
|---|---|---|
Standard Account EURUSD Average Spread |
1.8 pips |
2 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$9 per lot |
ECN Account EUR Average Spread |
Not supported |
From 0.0 pips |
CFD Trading Fees
| Fee | IFC Markets | SuperForex |
|---|---|---|
CFD Trading Fee |
Fixed or floating spread |
Floating and fixed spreads |
Non-Trading Fees
| Fee | IFC Markets | SuperForex |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
Bank transfer around $30 / €30 / ¥3000 per transfer, Perfect Money 0,5-2%, Debit/Credit card 0%, Bitwallet 0%, Webmoney 20% |
No |
Withdrawal Fee |
Bank transfer around from $25 / €25 / ¥2500, Perfect Money 0,5%, Debit/Credit card 2% + $7,5 / 2% + €6 / ¥1500, Bitwallet 0%, Webmoney 0.8% |
0.5%-5% |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
IFC Markets vs SuperForex: Trading Assets
| Asset Name | IFC Markets | SuperForex |
|---|---|---|
Overall |
600+ |
400+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
IFC Markets or SuperForex: Investment Programs
| Asset Name | IFC Markets | SuperForex |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: SuperForex or IFC Markets
| IFC Markets | SuperForex | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
NetTradeX |
No |
|
|
|
IFC Markets vs SuperForex: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | IFC Markets | SuperForex |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
IFC Markets vs SuperForex: Research
| Research Type | IFC Markets | SuperForex |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
IFC Markets vs SuperForex: Education
| Education Type | IFC Markets | SuperForex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
SuperForex vs IFC Markets: Support
| Support Features | IFC Markets | SuperForex |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
Skype, messenger, Telegram, WhatsApp, Call Back |
Messengers |
IFC Markets vs SuperForex: Forex Bonuses and Promo
| Promo | IFC Markets | SuperForex |
|---|---|---|
Forex Bonus |
Follow Your Dream, This is an opportunity to win a car +30% activity bonus. To participate, a trader must make a minimum deposit of $250. Annual Interest +7% annual interest for the sum that is not used for trading operations |
Welcome, no deposit, classic bonuses with rewards from 30%-50% up to 750 USD |
Affiliate Program |
Yes |
Affiliate programs with a yield of up to 75% of the referral commission or with a fixed commission of up to 45 USD |
Other Promos |
||
|
|
|
Top 5 Reviews on SuperForex
-
Comment
After collaborating with SuperForex for two years, I can say that trading here is possible. It's not a broker that ranks high in ratings, but it's also not a scam. Unfortunately, there is no license from a serious regulator. However, I would seriously consider a license if I suspected SuperForex of manipulation. But I haven't noticed any. And I withdraw profits without significant problems or delays, although the withdrawal times are not the shortest.
-
Comment
I transferred my funds to Super Forex to study market conditions for algorithmic trading. I earned some money, but every time I tried to withdraw funds, I was refused with different excuses. Super Forex offers good market conditions with low fees and spreads, but it won’t allow you to withdraw your money. I recommend avoiding this company.
-
Comment
I left SuperForex. Spreads and fees are too high there. There are both deposit and withdrawal fees. The platform is not very fast. There are also frequent slippages that can be up to 20 pipis depending on the asset. But SuperForex has low liquidity.
-
Comment
The SuperForex broker didn't appeal to me. I encountered very pushy managers. They called me several times a day from different phone numbers. While I was researching this company and communicating with SuperForex's support service, they suggested that I provide my phone number for a manager to contact me. Unfortunately, that was my mistake.
-
Comment
I don’t think that Super Forex has guarantees for the safety of client money. Moreover, this company also offers strange bonuses for funding your account. If clients fund their accounts with more than $1,000, SuperForex credits them with the same amount as a bonus. In fact, such bonuses are prohibited by EU legislation. And there are no restrictions for registering EU citizens on the Super Forex website.
Top 5 Reviews on IFC Markets
-
Comment
Reviews about IFC Markets I am one better than the other, well, I will have a negative one, because I did not see anything good with this company. I traded here for 10 months, drained and restored the deposit more than once, the terminal was buggy and transactions were closed without my participation. Finally my patience ran out and I left.
-
Comment
I made a deposit to the trading account, but there is no deposit in the personal account or in the terminal, although the status transfer is accepted.
-
Comment
After IFC Markets drained $2,000 from my account, of course I do not trade with it, this is my personal negative experience. Others want to say that they have no access to bidding, everything is skillfully imitated. Everything is fine as long as you deposit money, when you take more than you deposit, they drain you. It's just a pyramid scheme.
-
Comment
I trade in IFCMarkets on a cent account, because I'm not sure yet whether to trust this broker. For a month of work, the impressions are positive, but I also revealed some minor flaws. For example, on my account, the broker offers an MT4 terminal, which will not be available on a standard account. From what I liked: in your personal account, you can set the level of leverage yourself. I believe that the maximum 1:400 for an inexperienced trader will lead to a loss of money, therefore, on the advice of the company's specialists, it was limited to 1:100. Another advantage of IFCMarkets is that its website has a section with daily technical analysis of currency pairs, which helps me a lot at this stage. I recommend this broker to beginners like me.
-
Comment
The IFC Markets broker talks about innovative trading, but through personal experience I can say that these are just all bark and no bite. In fact, this broker still needs to improve upon the service quality to gain the trust of traders. Several times I was subject to the fact that orders did not work for some unknown reason. The impression was that the company artificially twisted with the charts at the right moment (I found this with MT4). The profit comes out a penny because of this. I spend a lot of time and energy on trading, but it wasn’t worth it.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.