IFC Markets Review 2021
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Attention!
Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.
Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:
Summary of IFC Markets Trading Company
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.
Traders Union works only with accounts opened via the Traders Union’s website.
👍 Advantages of trading with IFC Markets:
- Unique instruments for trading: portfolio quoting, continuous stock indices and derivatives, and a proprietary trading platform.
- Insurance against risks of professional liability.
- Over 600 trading assets of different classes, including synthetic instruments.
👎 Disadvantages of IFC Markets:
- Relatively high spread – from 1.8 pips.
- Complex verification. Certification of the documents by a notary public and their translation into English may be required.
- 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.
Overall
IFC Markets is a mid-level broker with interesting innovative developments. The broker will be of interest to those seeking new trading products and original solutions.
Visit IFC MarketsTop 3 IFC Markets Customer Reviews
On several occasions, I have noticed the spread inexplicably expand on the MT4 account with a floating spread, at relatively low volatility. The trades were executed with a much less successful result. Slippages happen when taking a profit. The price is related to the take. This can be seen on the platform, but the order is not executed, while the price seems to bounce back. You get an impression that the broker intentionally adjusts the chart by several pips in a way that the price does not go over the order. Although these situations are rare, unfortunately, they are rather unpleasant.
“Our innovations” is everything that has been known for a long time or that is commonplace:
Continuous CFDs are protected against the gap. This is nothing more than pretty words. Open the chart of any futures and find the gap on them at the moment of expiration. Although it does work for the beginners.
NetTradeX Platform. I’ve not understood what its advantages over MT are. OSO orders? This feature is already available in the latest updates of MT5. Trailing Stop on the server-side? Let’s assume that this is a useful feature. However, considering that advisors for MT4 are not suitable for this platform, this is not enough. You can connect community signals on MT, while on NetTradeX you cannot.
Generation of own trading instruments through portfolio quoting. The creation of new cross rates, new assets with mutual correlations are all excellent features. However, this is possible only on NetTradeX. The main question is what do you do with all that? Confuse yourself even more, just to make a mistake in the analysis in the end and lose everything?
Judging by the spread, there is no talk about ECN accounts here. Slippages are common here. The only advantage is that the choice of assets is much bigger than other brokers offer because IFC Markets is a broker for trading futures, options, and stocks.
IFC Markets Latest Comments for 2021
The reviews by customers of the IFC Markets indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of IFC Markets published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
I sent an application for withdrawal of $100, and I saw the money was written off after some time. However, I haven’t received it. I asked what was the issue; they are trying to sort it out now. It all seems seedy and shady in this system.
My $500 got stuck. They say they transferred the amount, but I haven’t received anything. Ok, it might take a week, two at the most. But we’ve been going back and forth for two months now. I don’t even believe I will get my money from here anymore.
If you want to lose money, this is the place to go. Here, they sure do know how to strip the customers of their money. And they do it in a rather sophisticated manner. I was robbed of $300, literally within two weeks. The most interesting thing is that I don’t consider myself a dumb person. But they did it in such a sophisticated manner that anybody would buy it.
I do not recommend doing business with IFC Markets. This broker is good for nothing. It can easily pull the quotations up to fit the Stops. I’ve seen it many times.
The leverage on IFC Markets is pretty cool, but that’s the only thing that is cool there. By the quality of service, I think the grumpy old waitress at a bar treats customers better. They just ruin everything. They respond reluctantly as if doing you a favor.
Expert Review of IFC Markets
IFC Markets is a broker that has secured the so-called innovative trading services niche. The broker’s analysts believe that in 2025, synthetic asset trading will be available in every company, while IFC Markets customers can create their own combined assets and investment portfolios already by using the NetTradeX platform. The platform provides an option that allows users to display charts of several instruments in one window. Having determined the analytical correlation, the traders can create their own synthetic asset designed for hedging risks or for aggressive trading. The trader himself determines the share of the underlying assets in the created instrument. One of the examples of such a tool is XAU / Brent.
IFC Markets also offers classic trading services. In addition to the proprietary platform, there are МТ4 and МТ5. On the standard accounts for the beginners, there are no requirements on the minimum deposit. The spread is fixed and floating.
IFC Markets can be considered a reliable broker that treats the performance of its obligations responsibly, which is confirmed by the absence of claims from its customers on money withdrawal and order execution. Thanks to this, IFC Markets has been included in the Traders Union Forex Brokers Rating list.
Analysis of the Main Features of the Forex Broker
Dynamics of the Popularity of IFC Markets
in 2020 among the Users of the Traders Union
Investment Programs, Available Markets and Products of the Broker
IFC Markets investment programs are related to active trading. These instruments allow traders to create their own strategies and portfolios by combining assets of different classes. The technology of instant determination of quotes allows the display to show the prices of such non-standard pairs as indices/currency pairs or gold/oil on the screen, adjust the volume ratio of a specific base asset in the combination, and earn from the price changes.
PQM and synthetic instruments
The Portfolio Quoting Method is a patented method that allows traders to create new financial instruments from the multitude of available assets, determine the value of one instrument to the other, and analyze the deep price history of the synthetic instruments created.
Benefits of trading synthetic instruments:
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The number of assets is endless and is limited only by the trader’s imagination.
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Each base and quoted asset can be assigned a personal weight in the units of the asset volume. This impacts the speed of price changes and volatility.
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A trader can create synthetic instruments of any complexity from a simple combination of two assets to a complex set of several dozen base assets.
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Ability to maintain a database of created synthetic instruments.
The ability to create and trade synthetic instruments is available only on NetTradeX, the broker’s proprietary platform. The PQM module can be tested on its demo account.
If you are a large investor and plan on investments over $ 10,000, contact us at [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.
IFC Markets partnership program
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“Introducing Broker”. This partnership program provides an opportunity to receive a commission of up to $15 for a complete turnover of one standard lot, executed by the referred customer. The commission is paid monthly. Each partner is provided with free installable partnership terminals for controlling the activity of the customers involved by the partner. Two-tier partnership system can be created.
There are free marketing instruments for partners, such as banners, tutorials, presentations, and widgets.
Rebate and Discount Programs of the Traders Union for IFC Markets
Each potential customer of IFC Markets can reduce trading expenses by several times thanks to membership in the Traders Union. For this, you need to register for free on the Union’s rebate service website. Follow the registration link and open an account with the broker. Pass the verification and start trading. It’s so easy! Compensation of the spread accrues to the balance of your personal account at the Traders Union regardless of the results of the trade or the asset that was traded.
Try it! You’ll like this!Trading Conditions for IFC Markets Users
Trading conditions of IFC Markets are differentiated – depending on the account type and whether a fixed or floating spread is applied. The spread and leverage depend on the asset type. For the MT4 and NetTradeX accounts, the spread is from 1.8 pips, for the accounts on MT5 – from 0.4 pips. The broker charges a commission per trade on CFDs and on stocks.
From $1 and from $1,000 depending on the account type
Minimum
deposit
Up to 1:400
Leverage
24/5
Support
| Trading platform: | МТ4, МТ5, NetTradeX |
| 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 |
| Account currency: | EUR, USD, and JPY |
| Replenishment / Withdrawal: | WebMoney, Neteller, Skrill, QIWI, Perfect Money, Unistream, Visa, Mastercard, ВТС, Western Union, and international wire transfer |
| Minimum deposit: | From $1 and from $1,000 depending on the account type |
| Leverage: | Up to 1:400 |
| PAMM-accounts: | No |
| Min Order: | From 0.01 |
| Spread: | from 1.8 pips (МТ4, NetTradex), from 0.4 pips (МТ5) |
| Instruments: | Currencies, assets of stock and commodity markets, synthetic instruments |
| Margin call/Stop Out: | Stop out - 10% |
| Liquidity provider: | N/a |
| Mobile trading: | Yes |
| Affiliate program: | Yes |
| Orders execution: | Instant execution, Market execution |
| Trading features: | Synthetic asset trading |
| Contests and bonuses: | Yes |
Comparison of IFC Markets with other Brokers
| IFC Markets | FxPro | XM Group | Admiral Markets UK | AvaTrade | |
| Trading platform |
No | MT4, MobileTrading, MT5, cTrader | MT4, MT5, MobileTrading | MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition | MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option |
| Min deposit | No | $100 | $5 | $200 | $100 |
| Leverage | No |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:25 to 1:500 |
From 1:200 to 1:400 |
| Trust management | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No |
| Spread | No | From 1 point | From 1 point | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 25% / 20% | 100% / 50% | 100% / 30% | 25% / 10% |
| Execution of orders | No | Market Execution, Instant Execution | Market Execution | Market Execution | Instant Execution |
| No deposit bonus | No | No | $30 | No | No |
| Cent accounts | No | No | Yes | No | Yes |
Broker comparison table of trading instruments
| IFC Markets | FxPro | XM Group | Admiral Markets UK | AvaTrade | |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | No | No | Yes | Yes |
| CFD | Yes | Yes | Yes | Yes | Yes |
| indexes | Yes | Yes | Yes | Yes | Yes |
| Stock | Yes | No | Yes | Yes | Yes |
| ETF | Yes | Yes | No | Yes | Yes |
| Options | No | Yes | No | No | Yes |
Commissions & Fees IFC Markets
Traders Union analysts have examined the trading conditions of IFC Markets to uncover any hidden commissions or pitfalls. The broker’s trading conditions are transparent and there are no hidden commissions. In terms of additional fixed fees, there is a commission per each open trade in Stock CFD trading. The commission is charged in the amount of 0.01% of the position volume or $0.02 per share.
| Account type | Spread (minimum value) | Withdrawal commission |
| All accounts on NetTradex and МТ4 | from $18 | No |
| All accounts on МТ5 | from $4 | No |
There are swaps (a commission for rollover of the position to the following day). Also, a comparative analysis of the similar trading conditions of IFC Markets’ competitors was performed. Based on its results, each broker was assigned a corresponding level.
| Broker | Average commission | Level |
| IFC Markets | $11 | High |
| Admiral Markets UK | $5 | Low |
| RoboForex | $6.55 | Medium |
IFC Markets offers relatively high spreads and the only way to reduce trading expenses is to use the free rebate service of the Traders Union.
Detailed Review of IFC Markets
The trading conditions of IFC Markets, an STP broker, can be conditionally divided into two areas. The first one is classical trading. The trading conditions are designed for traders with any level of knowledge. There are accounts for professional traders on the MT5 platform with narrow fixed or floating spread from 0.4 pips, but with a high minimum deposit. For the beginners, there are micro accounts on MT4 and MT5 with a minimum deposit of $1. For the fans of non-standard trading, the broker has NetTradeX, a proprietary platform. It largely resembles MT4 in terms of features, but has some useful perks, for example, a combination of charts of several instruments in one window or Trailing Stop on the server-side.
Several figures about IFC Markets that might be of interest for traders:
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165,000 customers in 80 countries.
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Instant execution – up to 100ms
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Its basic set of trading instruments features over 600 assets but when the synthetic instruments are included, the number is unlimited.
Synthetic assets – a new concept in innovative trading
The second business focus of IFC Markets is providing access to synthetic asset trading. The technology is patented and is available on the NetTradeX platform. Using this technology, traders can create their own asset in the form of an investment portfolio or a pair by determining the share of each base asset. The quotes of the final product are calculated mathematically and delivered to the platform. A trader can study the correlation between the assets and build unlimited combinations with them on the historical charts. The idea resembles a structured mutual fund or ETF, where the value of assets depends on the structure of the portfolio and the distribution of shares of instruments in it.
Continuous futures is another innovation of the platform. These are CFDs on indices or commodity futures, which are not tied to the expiration of the derivatives. The mechanism of quote calculations allows avoiding sharp movements and gaps at the time of expiration of the current futures.
Useful services offered by IFC Markets:
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Autochartist. Chart analysis instrument.
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Market sentiment. Analytical instrument showing traders’ attitudes towards a specific asset on a fixed timeframe.
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Commodity market calendar. A calendar of economic news on commodity markets.
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Synthetic Instruments Library. Access through your personal account.
Advantages:
Interesting technical solutions of NetTradeX platform.
Rapid order execution and absence of markup.
Availability of micro-accounts.
The broker does not set any restrictions on the strategies traders use. Scalping and algorithmic trading are welcome.
How to Start Making Profits — Guide for Traders
A trader can open only one account of a specific type. The account types are determined by the following specifications: base currency (USD/EUR/JPY), platform (NetTradeX, МТ4 or МТ5), account type (standard, micro, demo), spread type (fixed or floating), order accounting system (netting/hedged).
Account types:
All account types can be tested in the demo version.
Bonuses Paid by the Broker
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, i.e., for the free margin, calculated as Equity (current balance taking into account the ongoing profit/loss of open positions) minus the Used margin.)
Bonus from Traders Union
Get an additional bonus from Traders Union. Register on the rebate service website for free. Open an account on IFC Markets by following the partnership link and get a rebate for each trade added to the balance of your personal account at the Traders Union. The bonus is valid also for the broker’s current customers. You can find detailed information about how to re-register your IFC Markets account with Traders Union here.
Investment Education Online
The Education page on the IFC Markets website covers practically everything. The Introduction to Trading section is perfect for novice traders. There is information about how Forex works and how to earn a profit on it. There is the Market Forecast section for advanced traders, featuring instruments for technical and basic analysis.
The broker also offers demo accounts, where you can test obtained knowledge and run strategies.
Security (Protection for Investors)
IFC Markets holds the licenses by two regulators: BVI FSC (British Virgin Islands) and LFSA (Labuan, Malaysia). The broker holds Professional Indemnity for Financial Institutions in AIG Europe Limited.
👍 Advantages
- The operation of the broker is controlled by two financial regulators
👎 Disadvantages
- An individual trader is not protected against possible issues
Withdrawal Options and Fees
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IFC Markets allows withdrawing money without any internal limitations. The minimum withdrawal amount depends on the requirements of the payment system. For example, the minimum withdrawal amount on Webmoney is $1 and for Visa it is $10.
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Several methods of deposit and withdrawal are available, including WebMoney, Neteller, Skrill, QIWI, Perfect Money, Unistream, Visa, Mastercard, ВТС, Western Union, international wire transfer.
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Base currency options are USD, EUR, and JPY. If a customer deposits funds in different currencies, the money is converted at the broker’s internal rate.
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The timeframe for withdrawals depends on the payment system. For electronic wallets, it is within several minutes, while withdrawals to debit/credit cards may take up to 5 days.
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The broker does not charge fees. Fees are charged by the payment systems.
Customer Support Service
The broker provides customer support 24/5. There are some limitations on the operating hours of customer support in certain languages.
👍 Advantages
- Support is available in 18 languages
- Quick response to customers’ questions
👎 Disadvantages
- No
Methods of contacting customer support:
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online chat.
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call back.
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messaging apps (telegram, Skype, etc.).
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email.
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phone.
Contacts
| Registration address | Quijano Chambers, P.O. Box 3159, Road Town, Tortola, British Virgin Islands |
Review of the Personal Cabinet of IFC Market
Start earning on IFC Markets with free registration on Traders Union, a rebate service website. After you follow the partnership link to the broker’s website, you will receive a partial rebate of the spread for each trade regardless of its result. Do not miss this opportunity!
To open an account with IFC Markets, follow these steps:
Press Open Account at the top of the page.
Fill in the registration information.
The following features are available in the personal account at the IFC Markets:
Other features of the personal account at the IFC Markets:
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Access to additional instruments: profit/loss, margin calculators, currency converter.
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Access to the Autochartist.
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Access to synthetic instruments library.
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Access to news and analytics.
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History of trades and account activity.
Tags:
IFC Markets ifcmarkets ifcmarkets.com ifcmarkets com IFCM Group ifc.markets ifcmarkets corpThe Oldest Reviews of the IFC Markets
The reviews by customers of the IFC Markets indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of IFC Markets published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
The leverage on IFC Markets is pretty cool, but that’s the only thing that is cool there. By the quality of service, I think the grumpy old waitress at a bar treats customers better. They just ruin everything. They respond reluctantly as if doing you a favor.
I do not recommend doing business with IFC Markets. This broker is good for nothing. It can easily pull the quotations up to fit the Stops. I’ve seen it many times.
If you want to lose money, this is the place to go. Here, they sure do know how to strip the customers of their money. And they do it in a rather sophisticated manner. I was robbed of $300, literally within two weeks. The most interesting thing is that I don’t consider myself a dumb person. But they did it in such a sophisticated manner that anybody would buy it.
My $500 got stuck. They say they transferred the amount, but I haven’t received anything. Ok, it might take a week, two at the most. But we’ve been going back and forth for two months now. I don’t even believe I will get my money from here anymore.
I sent an application for withdrawal of $100, and I saw the money was written off after some time. However, I haven’t received it. I asked what was the issue; they are trying to sort it out now. It all seems seedy and shady in this system.
Author of this Review
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FAQs
Do reviews by traders influence the IFC Markets rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about IFC Markets you need to go to the broker's profile.
How to leave a review about IFC Markets on the Traders Union website?
To leave a review about IFC Markets, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about IFC Markets on a non-Traders Union client?
Anyone can leave feedback about IFC Markets on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
Why is it more profitable to work with IFC Markets through Traders Union?
Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.
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