Question 1

Is IFC Markets regulated and safe for traders?

FXScope Intelligence Lab · Accepted Answer

IFC Markets operates under multiple regulatory jurisdictions. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission (British Virgin Islands) (BVI FSC) with license number SIBA/L/14/1073. Additionally, IFC Markets Ltd is licensed by the Labuan Financial Services Authority (Labuan FSA) with license number MB/20/0049. However, Spain's CNMV has issued a warning against IFC Markets as an 'Unregistered Firm,' which traders should consider. The broker offers fund insurance through AIG EUROPE LIMITED as an additional safety measure.

Question 2

Is IFC Markets beginner-friendly?

FXScope Intelligence Lab · Accepted Answer

Yes, IFC Markets appears to be quite beginner-friendly with several accommodating features. The broker offers a low minimum deposit of just $1, making it accessible for new traders. They provide free demo accounts for practice trading, fixed spreads which are easier for beginners to understand, and comprehensive trading education programs. The broker also offers Islamic accounts and supports 18 different languages with 24/6 customer service. Additionally, they provide trading signals and support for hedging and scalping strategies, though new traders should thoroughly understand these concepts before using them.

Question 3

What are IFC Markets' trading costs and fees?

FXScope Intelligence Lab · Accepted Answer

IFC Markets offers competitive trading costs with no rollover fees or margin interest charges. The broker provides both fixed and floating spreads, with major forex pairs like EUR/USD starting from 0.4 pips, GBP/USD from 0.5 pips, and USD/JPY from 0.5 pips. The minimum trade size is 100 units. Importantly, unused account funds can earn up to 7% annual interest, which is a significant benefit for account holders. The broker uses an STP (Straight Through Processing) model, which typically results in better execution prices.

Question 4

What is the minimum deposit and leverage at IFC Markets?

FXScope Intelligence Lab · Accepted Answer

IFC Markets has a very low minimum deposit requirement of just $1, making it one of the most accessible brokers for new traders. The maximum leverage offered is 1:400 for most trading instruments, which provides significant buying power for experienced traders. However, for CFDs on ETFs, Stocks, and Commodity Futures, the maximum leverage is reduced to 1:40, which is more conservative and appropriate for these higher-risk instruments. This tiered leverage approach helps manage risk while providing adequate trading opportunities.

Question 5

Can US traders open accounts with IFC Markets?

FXScope Intelligence Lab · Accepted Answer

No, IFC Markets does not accept traders from the United States. This restriction is clearly stated in the broker's account options, where it explicitly mentions 'Traders From USA: No'. US traders looking for forex trading opportunities would need to consider brokers that are specifically registered with US regulatory authorities like the CFTC and NFA, or look into alternative investment options available to US residents.

Question 6

What trading platforms and instruments does IFC Markets offer?

FXScope Intelligence Lab · Accepted Answer

IFC Markets provides multiple trading platform options including the popular MetaTrader 4, MetaTrader 5, and their proprietary NetTradeX platform, which offers advanced analytical capabilities. The broker offers over 600 trading instruments including currency pairs, precious metals, index CFDs, stock CFDs, commodity CFDs, ETFs, crypto futures, and gold instruments. A unique feature is their Portfolio Quoting Method (PQM), which allows traders to create their own synthetic instruments and portfolios. The broker also provides comprehensive trading tools including one-click trading, various order types, and real-time charting capabilities.

Question 7

How is IFC Markets customer support and service quality?

FXScope Intelligence Lab · Accepted Answer

IFC Markets offers comprehensive customer support with qualified assistance available in 18 languages, operating 24 hours a day, 6 days a week. Multiple contact methods are available including phone (+44 2039661649), email (support@ifcmfx.com), live chat, and callback services. The broker provides support through various channels including forums, manuals, newsletters, and personal account managers. User reviews generally praise the broker's polite and transparent service, fast order execution, and responsive customer care, though experiences may vary based on individual interactions.

IFC Markets

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