IFC Markets Review
Overview
Company Information IFC Markets is one of the oldest online trading brokers property of IFC Markets Group. The company was founded in 2006 and is operating under the regulation of… more
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| Broker | IFC Markets |
|---|---|
| Website URL | http://www.ifcmarkets.com/ |
| Founded | 2006 |
| Headquarters | British Virgin Islands |
| Support Number | +7(963)993-75-10 |
| Support Email | support@ifcmarkets.com |
| Support Types | Phone, Live Chat, E-mail, Skype, Call Back |
| Languages | English, Russian, French, Spanish, German, Czech, Portuguese, Indonesian, Japanese, Vietnamese, Cantonese, Taiwanese, Chinese, Hindi, Arabic, Turkish, Farsi |
| Minimum Trade Amount | 0.01 lots |
| Maximum Trade Amount | 10,000 lots |
| Free Demo Account |  |
| Regulated | |
| Regulation | CySEC and BVI FSC |
| Account Types | Standard, Micro, Beginner, Demo |
| Deposit Methods | Bank Wire, Western Union, Webmoney, OkPay, Skrill, Neteller, Visa, MasterCard |
| Withdrawal Methods | Bank Wire, Western Union, Webmoney, OkPay, Skrill, Neteller, Visa, MasterCard |
| Types of Assets | Forex, Stock CFDs, Commodities, Indices, Metals |
| Account Currency | USD, EUR, JPY |
| US Traders Allowed |  |
| Mobile Trading | |
| Tablet Trading | |
Full Review
Company Information
IFC Markets is one of the oldest online trading brokers property of IFC Markets Group. The company was founded in 2006 and is operating under the regulation of BVI and CySEC. IFC Markets has an office in the British Virgin Islands and Cyprus while their headquarters are located in New Zealand. It offers commodities and forex trading as well as other trading opportunity. Their business evolves under the policy of satisfying all needs that a modern trader has. Offering many tools and features IFC Markets is following the standards in the industry and even surpassing them with some innovative options. With many customers all around the globe, they seek to expand their business in more countries and offer quality support for their services. US clients are not allowed on the platform, but there is support for Islamic accounts. Let’s see what this online broker has to offer.
Trading Information
CFI Markets is an ECN broker who gives you the opportunity to trade with forex, gold and silver, indices, metals and CFD’s. Maximum leverage is set to 400:1 which is somewhere around the middle amongst competitors. They offer over 40 currency pairs and 100 indices. Major spreads are as follows: EUR/USD 1.8 pips, GBP/USD 2 pips, USD/JPY 1.8 pips. Scalping and hedging are allowed. As far as trading instruments go IFC Markets have made the effort to make all of the most famous ones available. Stop order, Limit order and market order, trailing stop order, OCO orders are supported. You also have 24h trading and one click trading. For people who like to stay informed about the markets at all times email alerts, mobile alerts, streaming news and trade off charts are available. As you can see the broker is stacked with features and can offer great trading experience even for beginners. Since we’re talking about people that don’t have expert knowledge of trading, it’s important to note that the platform offers a lot of educational materials. The demo account will allow you to test the platform and expert advisors can help you with any questions you might have. Account types depend on the platform you choose and are Beginner and Standard for NetTradeX platform and Mini and Standard for Metatrader 4. But let’s see more about the platforms below.
Trading Platforms
Every modern forex online trading broker nowadays offers several platforms the traders can use, and IDC Markets are not an exception to that rule. The Metatrader 4 platform is, without doubt, the most popular one amongst traders and is still one of the most stable and secure on the market. You can set it up for automated trading and have all the charts and analyze tools for a great trading experience. It offers all the tools and features that every trader needs but has already a bit of an outdated design and needs download and installation. The other platform that IFC Markets offers is the NetTradeX. It’s developed by their team and supports some unique features. For example, it’s the only platform that uses the GeWorko Method of composing personal composite instruments. This is quite an innovative approach and could earn the recognition of all expert traders. Mobile users are also covered with mobile applications for Android and Apple devices available in their app stores.
Security and Customer Services
If you take a look at the reviews around the Internet about this broker you’ll notice that clients give it an high overall grade (usually four out five stars). It’s all about customer satisfaction for IFC Markets. Their security is above the industry standard and all traders using the platform can feel safe and protected. Deposit money is placed into segregated accounts within Tier 1 banks. All of the client’s funds are safe. Their servers are well-protected, and there is no risk of personal data theft. The customer support is great with 24/5 service. The site is translated into 12 languages, and you can contact the company’s representatives choosing the one you like. There are several ways you contact a company’s employee. By phone, using Skype, via Live chat, email or request a callback. Response times are some of the quickest in the industry. The FAQ section of the site is very thorough, and there you can find all the information you need.
Deposits and Withdraws
Funding your IFC Markets account is easy, and there are several banking methods you can use. The usual debit/credit account option is available along with many digital wallet methods. Most banking methods take about one business day for the transfer to be complete, but some of them are instant. There are no deposit fees except for the Webmoney banking method. There you’ll have to pay a 0.8% fee (maximum $50). To withdraw money from the account, you can use the method you deposited the funds. Processing times are very quick with most of them taking several minutes to register the transfer. Others can take from 1-3 working days, but that’s about the maximum waiting limit. It’s quite an achievement to make withdrawals so fast, and many competitors can learn from this broker. As you can see, there are no specific issues with banking which makes the process self-explanatory.
Deposit Bonus and Loyalty Programs
Currently, IFC markets don’t offer any deposit bonuses or loyalty programs. There were some in the past few years, but it seems the broker doesn’t need this additional encouragement to find new clients. However, it would be nice to see if they implement some contests or other beneficial tournaments like some of their competitors. For now, you’ll have to do with the awesome trading experience that they offer.
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