IFC Markets Broker Introduction
IFCMarkets.Corp is a licensed brokerage service offering the standard MetaTrader and its own developed NetTradeX platform for trading an array of financial instruments including forex currency pairs, precious metals, commodities, and CFDs for oil and stock indices. Its prime offerings are for beginning traders starting with low trading capital to enter the markets.
Discover IFCMarkets’ best offers and trading conditions by reading this broker review and service guide.
IFC Markets Background & Safety
The IFCM Group is a group of companies that consists of IFCM Cyprus Limited, IFCMarkets.Corp, and NetTradeX Limited. In 2006, IFC Markets started offering trading services with its MT4, MT5, and NteTradeX platforms. IFCMarkets.Corp is the licensee for the utilization of these platforms.
In its 14 years of brokerage service in the sector, IFC Markets has reached 165 thousand traders around the globe offering more than 600 trading instruments. Some of its advantageous trade service features include the Portfolio Quoting Method to provide traders unlimited trading opportunities and possibilities and its Partnership Program for Introducing Brokers.
More notably, IFC Markets has been operating steadily since its inception in the British Virgin Islands as it works in full compliance with international standards for brokerage services. IFC Markets is under the jurisdiction of the British Virgin Islands Financial Services Commission (BVI FSC). Another thing is that IFCM holds Professional Indemnity for Financial Institutions Insurance in AIG Europe Limited.
Needless to say, IFCM is a safe broker and secures traders’ funds as they are in adherence to international financial investment standards.
IFC Markets Features and Fees
IFC Markets introduce traders to a basketful of instruments including
- Forex (Major, minor, and exotic currency pairs);
- Stocks (Stock Contracts For Difference);
- Continuous Index CFDs;
- Metals (unique gold instruments);
- Commodity Futures and Indices CFDs;
- Crypto Futures CFDs; and
- CFDs on Exchange Traded Funds
IFC Markets offers three account types to its clients namely Standard-Fixed and Floating, Beginner-Fixed and Floating, and Demo-Fixed and Floating. The account names suggest the type of trader the account was made for and the spreads featured in the account.
Let us find out more trading conditions for each of the trading accounts.
Standard Fixed & Floating – you need an initial deposit worth $1,000 to sign up for this account type. Leverage goes up to 1:200, with 1.8 pips for fixed spread, and 0.4 pips for floating spread; The short margin level is set at 10% and the minimum trade volume is 10,000 units.
Beginner-Fixed & Floating – for as low as $1, you can acquire this account type and start your trading experience with $5,000 maximum equity, up to 1:400 leverage, 1.8 pips for fixed spread, and 0.4 pips for floating spreads. The minimum trade volume is 100 units and a 10% stop out level.
Demo-Fixed & Floating – this account is a demo account to allow traders to experience trading real-time with no financial risks. All the other trading conditions included in the Standard and Beginner accounts are also put into place in the demo account.
Moreover, IFCM offers the Islamic Account and VIP trading accounts which include several exclusive trading conditions such as Personal Account Manager, free access to Virtual Server, 0 fees for deposit and withdrawal transactions, exclusive personal instruments, and other flexible trading conditions.
Deposit and Withdrawal
IFCM clients can process payments through credit & debit cards, bank transfer, Bitcoin, bitwallet, wire transfer, and online payments via Neteller, Skrill, and WebMoney.
IFC Markets Trading Platforms and Tools
Key Features: Up-to-date price quotes, market news, advanced charting tools, and technical indicators. The platform has the following versions: PC, Web terminal, Mac OS, iOS, Android, and MultiTerminal
Mobile Trading: IFCM’s mobile trading is at par with the leading brokers as it provides full management of trading accounts, a wide range of technical indicators, trading history, and supports all order types.
Key Features: Available in the PC version, WebTerminal, iOS, and Android. This platform has a complete technical analysis with an extended list of indicators, has an increased number of intervals for charts, one-click trading, trading history, netting and hedging opportunities, and user-friendly and multilingual interface.
Mobile Trading: It also features complete trading orders, interactive charts, trading history, and is compatible for ioS and Android devices.
Key Features: Access to all major financial markets, balance and lock trading, fast execution, Trailing Stop, automated trading with built-in language NTL+
Mobile Trading: The interface is customizable, live and demo accounts easy login, simple opening and closing of trading positions, Trailing Stop, trading history, live quotations, real-time4 balance tracking, and charts display.
IFC Markets is a good choice for beginning traders as it provides secure and easy-to-use platforms for trading. It is also equipped with a good trading research facility to help beginning traders learn with ease. As IFCM is a licensed broker, traders are assured that the broker conducts honest and decent trading services.