IFC Markets review

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Country: Cyprus, IVB
Regulation: BVI FSC, registered with CySEC
Type: Market Maker
Markets: Forex and CFDs
Minimum deposit: –
Deposit methods: transfer, card, Neteller, Skrill and more
Platforms: MT4, MT5 and NetTrade X
Spread: 1.8 EURUSD fixed; from 0.4 in variable accounts
Commissions: 0.1% on CFDs American stocks. 0.1% in German.

What is IFC Markets?

Before giving you my opinion on this broker, let’s see what it is about and what trading conditions it has.

IFC Markets is a CFD and Forex broker from the British Virgin Islands, with an office in Cyprus. This broker is regulated by the British Virgin Islands Financial Services Commission (BVI FSC) and is also registered with the CySEC of Cyprus as Infin Markets Limited.

Open IFC Markets account

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Opening an account with IFC Markets is quick and easy, as we will only have to enter our personal data and wait for the confirmation email to be sent to us.

When we confirm that email they will ask us to send our documents that prove our identity and residence, such as passport and bills for household receipts, such as water, electricity or even bank statements where our data appears.

This broker has no minimum deposit for basic accounts. To do the same, it can be done in several ways such as:

Click here and open an account from 5 USD with one of the best brokers on the market

Risk warning!

Method Minimum amount Commission Processing
Transfer 100 USD / EUR The bank 2 business days
Cards 100 USD / EUR No Immediate
Webmoney 1 USD 0.8% Immediate
Skrill 5 USD / EUR No Immediate
Neteller 5 USD / EUR No Immediate
Western Union 100 USD WU Commission 1 day
Unistream 100 USD System commission 1 day
Bitcoin 0.001 BTC Blockchain commission Consult
IFC Markets customer service

This broker does not provide services to clients in the United States or Japan.

However, it does provide services in the vast majority of Spanish-speaking countries, such as Colombia, Argentina or Spain, for which it has customer service entirely in Spanish.

Not surprisingly, this broker has quite good customer service for the Spanish-speaking market. Among the means that we can use to contact you we have:

Email: spa@ifcmarkets.com
Spain phone: +34 932 200 308
Mexico Phone: +525584217401
Whatsapp / Viber: +35796677242
Online form
Chat
Skype
We also have the addresses of the offices in Cyprus, Virgin Islands and Lithuania that we can consult on the web
IFC Markets education

IFC Markets offers a series of articles on Forex, CFDs and trading of the best and most complete on the net.

Likewise, it has several free books on various topics, such as:

Forex tutorial for beginners
CFDs tutorial
Technical Analysis Book
Materials for personal instruments
Common trading mistakes
Basis of Dow Theory
Technical indicator books
Books on graphic patterns

In addition IFC Markets carries out daily analysis and comments on the markets, as well as exhaustive monitoring of the main movements and news.

IFC Markets accounts, spread and commissions

IFC Markets offers Forex and CFDs trading in stocks, indices, commodities, cryptocurrencies and metals with trading of more than 600 products, including more than 400 CFDs of stocks.

IFC NTX Standard NTX Begginer
Deposit 1,000 USD / EUR 1 USD / EUR
Leverage 30 Europe / 200 international 30 Europe / 400 international
Minimum Forex Volume 10,000 100
EURUSD 1.8 1.8

Metatrader 4 Accounts

IFC MT4 Standard MT4 Fixed
Deposit 1,000 USD / EUR 1 USD / EUR
Leverage 30 Europe / 200 international 30 Europe / 400 international
Minimum Forex Volume 10,000 1,000
EURUSD 1.8 1.8

Metatrader 5 accounts

IFC MT5 Standard MT5 Micro
Deposit 1,000 USD / EUR 1 USD / EUR
Leverage 30 Europe / 200 international 30 Europe / 400 international
Minimum Forex Volume 10,000 1,000
EURUSD From 0.4 From 0.4
IFC Markets platform

The platforms offered are MetaTrader 4,  Metatrader 5, and NetTradeX. All platforms offer trading on: PC, web, iOS, Android or Mac versions.

Furthermore, they all support the trading of Expert Advisors.

Currently accounts opened with the Virgin Islands subsidiary have customer accounts insured with AIG Europe. Those of Cyprus are insured by the regulator of that country for up to € 20,000 the account.

IFC Markets Leverage

The leverage for European traders and in the Cyprus subsidiary is as follows:

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products  leverage
Main Forex pairs 30: 1 or 3.33% margin
Main indices, gold and minor Forex pairs 20: 1 or 5% margin
Lower indices, commodities and exotic Forex pairs 10: 1 or 10% margin
Actions 5: 1 or 20% margin
Cryptocurrencies 2: 1 or 50% margin

The leverage for traders from the rest of the world , including countries in Latin America, will be up to 400: 1 on Forex.

The minimum lot size will be 0.001 for the most basic account. For the Standard accounts it will be 0.1 (10,000 units) and we will also have 0.01 lots for the MT4 Fixed account.

In gold, it will be 1 ounce in micro accounts and 10 in standard.

In indices of 1 for the price of the index.

IFC Markets offers a wide offer of equity CFDs with fees of 0.1% for Americans and 0.25 for Germans. It does not offer Spanish shares but it does offer shares from the United States, Canada, Germany, the United Kingdom, Russia, Japan or China, being one of the few brokers that gives access to the interesting Russian or Canadian markets.

The minimum trading size in CFDs of shares is one share.

The commissions we will have on share CFDs are:

USA 0.02 cents per share
Japan 0.15%
China 0.25%
Germany 0.1%
United Kingdom 0.1%
Russia 0.1%
Canada CAD 0.03 per share
Australia 0.1%
IFC Markets cryptocurrencies

We can also trade cryptocurrencies, although at the moment the offer is a bit restricted since we only have access to trading in Bitcoin futures CFDs.

The minimum size here is 5 BTC which seems a bit high for beginners.

Better to check the web to see the latest updates as I think they will introduce constant modifications to the crypto trading service.

IFC Markets demo

As usual, IFC Markets offers demo trading, that is, a free practice account where we can trade without risking money and where we can learn how the broker platform works.

IFC Markets review

The web is quite wide and easily navigable, although it is a broker with a large number of functions and options, as we can see for example in the large number of account types, two for each platform, which gives us six. A little confusing among so many options to choose from, but a good thing for those with different pockets and monetary capacity.

One thing I particularly like is the fact that it is a fairly transparent broker since it puts their office addresses on the web and also gives us a number of ways to contact which is one of the best I have seen on the market. For example, in addition to telephones for Spain and Mexico, we have the possibility of contacting by WhatsApp.

This is a broker that is quite good for small accounts, due to the flexibility it offers in all its instruments with micro accounts.

Furthermore, it is a broker that offers a high number of instruments, more than 600, and in particular offers a reasonably large number of CFDs of shares. This along with the fact that we can trade lots as small as one share with a percentage commission, make this one of the most interesting brokers to venture into these stock markets if we don’t want to risk large amounts and also want to trade decently.

In Forex it is a broker that is in the sector average without being able to say that it is close to the best brokers in it, although it is also better than many others. In this case we are talking about a broker market maker that does not offer commission trading. Although on the other hand it does offer ECN trading on equity CFDs, for example, where I already said that it is a broker with a better offer.

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Risk warning

In addition, it has improved its conditions for a few years, since it used to charge 0.25% for the commissions of the CFDs of German stocks, being 0.1% now, which makes it one of the most competitive brokers in the CFD sector.

The crypto offer is a bit tight right now so I would wait a bit if what we want to do is crypto trading with this broker.

Another thing I think I could improve on is the index trading offer, since the minimum spread on the DAX 30 is 3 when I last checked it, while in other brokers we can find 1 point without problems.

On the other hand, and as another positive point, there is the fact that it is one of the brokers that allows trading of CFDs of shares with the Metatrader 4, something that is very difficult to find in the world market and that is something very good for those of us who love this great platform.

IFC Markets advantages IFC Markets downsides
$ 1 minimum deposit Slightly high spread in indices
Good for micro accounts Low supply in cryptocurrencies
Minimum batch in CFDs of shares of 1 share You could improve the Forex offer by adding ECN accounts with commissions
Offer stock trading on Metatrader 4

Good variety of platforms and accounts

Possibility of contacting by whatsapp

Good offer of equity CFDs with markets such as Russian or Canadian

As we see, it is an interesting broker that offers good things, although as always with its weak points.

For more information, visit the website .

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