IFC Markets Reviews 2023 is the Forex broker IFC Markets Reliable?

Typically, the Forex market abounds with a diverse range of traders, including beginners, intermediate-level traders, seasoned pros, and institutions, so that there are many types of accounts on offer. IFC Markets supports a variety of safe and convenient deposit and withdrawal methods. limefx reviews Traders who withdraw funds via Perfect Money need to pay a 0.5% commission. Those who are withdrawing via VISA/MASTERCARD need pay 2% + $7.5/2% + €6/$1500 commission, those withdrawing via Mybitwallet pay RMB 100 per transaction and RMB 824 withdrawal fee to local banks.

IFC Markets broker reviews

The rate depends on the monthly trading volume, rewarding active traders with transactions exceeding 10 lots monthly. High-frequency traders may benefit from this passive income offer and offset swap rates on leveraged overnight positions. The educational section is excellent, presented via comprehensive written content and a wide range of videos.

According to your account history, the deal was closed because your account equity reached stop out level. As you can see on the platform, the charts show the BID price by default, while your deal was closed according to the ASK price, this is how forex trading process goes. You open deal by one price and close it by another price , or vice versa. So if BID price does not touch the stop out level does not mean that ASK price does not touch it as well. BID is lower than ASK, so ASK price touched the stop out level, your deals were closed. You can see everything on the screenshots that were sent to you in the live chat with our support.

I live in the US? Does IFC Markets accept me to trade?

This broker took my account balance, and they wouldn’t let me withdraw without a 7% commission fee after making no trades. My brother has been trading with the broker pretty much, that’s why I’ve decided to open an account too. I’ve started with a convenient amount of money for me because according to opinion of my close relative the broker has always been reliable. I’ve been trading for a month here, and I’m sure that I’ve made the right choice. Now many people are familiar with brokers using email, live chat and telephone but not many of them use Skype.

IFCM is considered low-risk, with a great overall trust score based on the number and weight of regulatory licenses it holds. The firm is not publicly-traded but operates a regulatory license in multiple financial hubs across the world. It is incorporated in the British Virgin Islands and licensed by the Financial Services Commission to offer LimeFx services to clients.

IFC Markets broker reviews

You may lose a substantial amount of money in a very short period of time. The amount you may lose is potentially unlimited and can exceed the amount you originally deposit with your IFCMARKETS account. IFC Markets provides excellent customer support from a team of highly qualified members, in 18 languages, available 24 hours, five days a week. Clients can contact the support team in several ways, including through email, Live Chat, Call Back, Skype, Phone, WhatsApp, Telegram, Trading desk. Reliable customer support is another important aspect of choosing the correct broker, as a lack of decent customer support can leave pressing issues unresolved and affect a client’s trade. Stock CFDs – This group of trading instruments includes CFDs on highly liquid stocks of companies traded on the world stock markets.

User Reviews

To bring transparency to the forefront, we have publishedour review process that includes a detailed breakdown of the IFC Markets offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker. Additionally, IFC Markets offers its traders negative balance protection, which means that traders cannot lose more than their initial deposit.

IFC Markets broker reviews

FXCC adds overall value to forex trading with an equally competitive trading environment that is evidently built with forex​​ trading in mind. Forex is at the core of FXCC, which also supports cryptocurrency, CFD, Indices, and metals trading. As you can see from the table above, the trading fees on the floating spread accounts are significantly lower than those of the fixed spread accounts. However, traders should be aware that on the floating accounts, spreads will get wider or tighter depending on trade volume and market volatility.

The creation of personalised trading instruments is an emerging trend that will likely become a core service provided by most brokers in the near future. If you’re into forex trading and are looking for an online forex broker that also allows you to trade other assets via CFDs, then IFC Markets would definitely be worth checking out. The broker has won 8 international awards in a number of categories over the last 2 years primarily for its services provided in the Asian and Southeast Asian forex and CFD markets. IFC Markets also provides a trading service in Canada and compares favorably to other Canadian forex brokers. Reliable and fully functional trading terminals are a must in today’s online trading world, and that is why IFCmarkets offer two software solutions to their clients.

Monitoring of IFC Markets’s Standard account

The customer support is knowledgeable and quick and includes 24/5 commitment. IFC Markets is regulatedby the European authority CySEC which demands strict following of rules as authorities enable and supervise the company to carry out LimeFx business. However, the IFC Markets is a brand name used by the two established companies IFCMARKETS. CORP. incorporated in the British Virgin Islands under the registration and license of the British Virgin Islands Financial Services Commission .

  • MT5 accounts are divided into Standard Floating Accounts (minimum deposit of 1000 USD/EUR/10,0000JPY), Micro Floating Accounts (minimum deposit of 1 USD/EUR/100 JPY), and Demo Accounts.
  • In addition to that, there are several other options which can help with expanding your knowledge and expertise, and these include FAQ section, Economic Calendar, and Margin Calculator, among others.
  • Support is also provided for the Metatrader platforms, but trading costs remain uncompetitive.
  • The broker is part of a larger group called the IFCM Group, which includes brokers in several different nations.

CFD trades incur a minimum commission of 0.1% of the traded amount, which amounts to $0.02 per share for U.S. stocks. For more information on share commissions in other markets, click here. IFC offers a variety of indicators to facilitate technical analysis, which can be expanded using more than 70 indicators. The trader can apply different timeframes to get a better sense of the market direction. This broker includes access to thousands of financial instruments, which can be traded from the chart and order window. A customer can also set price-based alerts for items on their watchlist.

The broker offers MT4/5 and other top-notch trading platforms, as well as an amazing market education area on its website. IFC Markets is therefore appropriate for new and inexperienced traders. Islamic accounts, a detailed analytics section, and a free demo account that you may use to test out IFC’s services and practice trading are further benefits.

First of all, it’s not explained what other systems are enabled; we only know it depends on the availability in your region. Furthermore, the brokerage requires using the same method you used for a deposit. NetTradeX is a proprietary software owned and operated by NetTradeX Corp., a member of the IFCM Group. The terminal allows advanced trading on desktop devices and gives a wide selection of trading assets, from Forex pairs to various CFDs.

IFC market’s easy-to-use interface, educational tools, and strong privacy and security measures make it a great choice for anyone looking for a solid launchpad into forex and CFDs. ​After having added a long list of trading instruments to their platform, IFC is committed to delivering a highly comfortable trading environment that is completely customizable to the investor’s taste and preference. IFC Markets offer a unique technology that allows investors to come up with their own synthetic trading instruments tailored to their individual LimeFx strategies. This feature makes it easier for a user to diversify their portfolio and to find new opportunities they otherwise don’t have access to under the standard trading environment. IFC Markets flagship trading workstation is a feature-rich desktop app offering aptly named NetTradeX. This coupled with the ubiquitous MetaTrader suite of downloadable platforms and a functional mobile app comprises the IFC Markets entire trading offers to the consumer.

What is the maximum leverage in IFC Markets?

On the other hand, MT5 is a newer, user-friendly version with more indicators and other analytical tools. A minimum deposit of 1,000 USD must be made in order to open a conventional NetTrade or MT4/5 account; however, there is no minimum deposit needed to create a NetTrade starter or MT4/5 micro account. Leverage ratios vary according to the kind of account and trading asset. You can instantly execute trades in more than 600 different instruments with IFC Markets, including forex pairs, ETFs, valuable metals, equities, indexes, and commodities.

These resources cover a wide range of trading topics, from basic concepts to advanced trading strategies, and are designed to help traders improve their skills and knowledge. Newbie traders will want to find a broker which offers enough research and training tools to acquire the necessary skills to make profitable trades. These educational tools range from the very fundamentals of Forex trading to more advanced Webinars and courses, which can also be of use to intermediate traders.

NetTradeX accounts are divided into Standard Fix & Floating Accounts (minimum deposit 1000 USD/EUR/10,0000JPY), Beginners Fix & Floating Accounts (minimum deposit 1 USD/EUR/100 JPY), and Demo Floating Accounts. MT4 accounts include Standard Fixed Accounts (minimum deposit 1000 USD/EUR/10,0000JPY), Micro Fixed Accounts (minimum deposit 1 USD/EUR/100 JPY), and Demo Fixed Accounts. MT5 accounts are divided into Standard Floating Accounts (minimum deposit of 1000 USD/EUR/10,0000JPY), Micro Floating Accounts (minimum deposit of 1 USD/EUR/100 JPY), and Demo Accounts. It is also pity that this is actually a problem because there are other forex brokers out there that may not incorporate Skype into their customer service line up but still treat their clients with respect.

Those clients interested in working on several accounts simultaneously can use MultiTerminal, designed especially for them. Nice conditions, fast execution, withdrawn within a day and many-many more. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. I am trading with IFC Markets for quite a long time and I recommend this broker.

This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. We believe everyone should be able to make financial decisions with confidence. The forex market is one of the biggest financial markets in the world with trade volumes of over $6 trillion. It’s also a very volatile market as well with rapidly changing price action.

The inclusion of the Portfolio Quoting Method provides IFC Markets with a distinct competitive advantage and is appealing to committed traders and portfolio managers alike. I find limefx scammers them ideal for testing and bug fixing EAs or trying new trading strategies. However, no demo account can fully replicate live trading conditions, as it omits trading psychology.

100% Deposit Bonus – Receive a 100% Bonus on Deposits (Max Bonus $5,000). IFC Markets is an excellent platform https://limefx.biz/ for the best executing. I wanna to praise its helpful online suggestions and fast problem-solving speeds.

Leave a Comment