IFC Markets Broker
Advantages of IFC Markets Broker
- Professional website design
- Support for the Persian language
- Wide variety of tradable assets
- Reliable regulations
- Precise and fast order execution
- Attractive partnership programs
Disadvantages of IFC Markets Broker
Overall, it is difficult to pinpoint specific disadvantages for IFC Markets.
Before the website design update, the only notable drawback was its outdated user interface. However, with the recent updates, this issue is no longer prominent.
About IFC Markets Broker
IFC Markets is a forex broker that is part of the IFCM Group and has been serving over 210,000 clients worldwide for nearly two decades. Operating in more than 80 countries, this broker offers access to over 600 trading instruments, providing users with a wide range of trading tools.
The company is actively involved in developing financial technology projects, continuing to provide financial services while adhering to international standards.
Regulation and Security of IFC Markets
IFC Markets has a collection of licenses with varying levels of credibility. Some are highly reputable, while others are more moderate.
- Labuan Financial Services Authority (LFSA) in Malaysia regulates IFC Markets, which holds medium credibility and is suitable for Iranian traders.
- British Virgin Islands Financial Services Commission (BVI FSC) regulates IFC Markets with a medium level of credibility and is accessible for Iranians.
- CySEC regulates the European branch of IFC Markets, which holds high credibility.
In 2020, IFC Markets launched a subsidiary, IFC Markets Ltd, which offers a range of analytical content to help traders make informed decisions.
Commissions and Spreads at IFC Markets
At IFC Markets, trading fees are charged through spreads and overnight swaps. The broker offers fixed spreads starting from 1.8 pips and variable spreads from 0.4 pips. Additionally, Islamic accounts are available for residents of Islamic countries. To access these, a specific form must be completed and submitted to the broker.
Tradable Assets at IFC Markets
IFC Markets provides its clients with a wide variety of trading products, offering over 650 instruments, allowing traders to select options that align with their trading strategies.
The instruments may vary slightly depending on the type of trading account. For instance, cryptocurrency CFDs are available only on accounts that support MetaTrader 4 and 5 platforms.
IFC Markets offers 14 cryptocurrencies for trading as CFDs, including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple. These are available for trading 24/7.
Order Execution at IFC Markets
As an STP (Straight-through processing) broker, IFC Markets offers high-speed order execution by sourcing prices directly from liquidity providers. This results in immediate execution of trades, which is crucial for traders seeking real-time market access.
It is recommended to test the trade execution speed using a demo account before opening a real trading account.
Supported Trading Platforms at IFC Markets
IFC Markets offers access to three different trading platforms, each available in multiple formats:
- MetaTrader 4 (MT4): Available on desktop, Mac, Android, iOS, web terminal, and multi-terminal.
- NetTradeX: Available in different versions for PC, iOS, Android, Windows Phone, Windows Mobile, and the advisor version.
- MetaTrader 5 (MT5): Available on desktop, Android, iOS, and web terminal.
Customer Support at IFC Markets
IFC Markets offers Persian-language customer support 7 days a week:
- Monday to Friday: 8:30 a.m. to 9:30 p.m. Tehran time.
- Saturday and Sunday: 9:30 a.m. to 6:00 p.m. Tehran time.
The broker provides services to 80 countries, including Iran, and supports 19 different languages. With over 210,000 active clients, the broker’s broad geographic and linguistic diversity reflects its strong customer trust and high-quality support.
Account Types at IFC Markets
IFC Markets offers several account types, enabling traders to choose based on their needs and trading style. The accounts are categorized based on the trading platforms (MetaTrader 4, MetaTrader 5, and NetTradeX). This categorization allows traders to select the right account based on their platform preference.
MetaTrader 5 Accounts
- Standard Account: Requires a minimum deposit of $1,000. Spreads start from 0.4 pips and are variable. The maximum leverage is 1:200.
- Micro Account: Requires a minimum deposit of $1. Spreads start from 0.4 pips and are variable. The maximum leverage is 1:400.
- PAMM Account: Requires a minimum deposit of $100. Spreads start from 0.4 pips and are variable. The maximum leverage is 1:200.
MetaTrader 4 Accounts
- Standard (Fixed) Account: Requires a minimum deposit of $1,000. Fixed spreads start from 1.8 pips. The maximum leverage is 1:200.
- Micro (Fixed) Account: Requires a minimum deposit of $1. Fixed spreads start from 1.8 pips. The maximum leverage is 1:400.
- PAMM (Fixed) Account: Requires a minimum deposit of $100. Fixed spreads start from 1.8 pips. The maximum leverage is 1:200.
NetTradeX Platform Overview
On the NetTradeX platform, IFC Markets offers both fixed and variable spread accounts.
- Fixed Spreads: Start from 1.8 pips.
- Variable Spreads: Start from 0.4 pips.
Account Types on NetTradeX
- Standard Account (Fixed and Variable):
- Minimum deposit: $1,000.
- Fixed spread: 1.8 pips.
- Variable spread: 0.4 pips.
- Maximum leverage: 1:200.
- Beginner Account (Fixed and Variable):
- Minimum deposit: $1.
- Fixed spread: 1.8 pips.
- Variable spread: 0.4 pips.
- Maximum leverage: 1:400.
How to Register with IFC Markets
To register with IFC Markets, follow these steps:
- Access the Official Website: Start by visiting the IFC Markets website.
- Click on “Open an Account”: This will lead you to the registration page.
- Fill Out the Registration Form: Enter your full name, a valid email, and create a strong password. Choose your country of residence (automatically set to Iran for Iranian users) and provide your phone number.
- Email Verification: After submitting the form, you’ll receive a confirmation email. Click on the link in the email to verify your account.
- Complete the Trading Account Setup: Choose between a real or demo account. Then select your trading platform (MetaTrader 4, MetaTrader 5, or NetTradeX), account type, leverage, and base currency.
Navigating the Dashboard on IFC Markets
Once logged into the IFC Markets dashboard, you can manage all aspects of your account. From the right-side toolbar, you can:
- View and manage your trading accounts.
- Open new accounts.
- Handle deposits, withdrawals, and internal transfers.
- Access promotional bonuses and partnership programs.
- Use trading calculators, access educational resources, and find analysis tools.
How to Deposit and Withdraw on IFC Markets
In the “My Money” section, you’ll find three options:
- Deposit
- Withdrawal
- Internal Transfer
For Rial deposits, select the appropriate method, choose the account to credit, and enter the amount to deposit. Processing time and fees for each method are shown during the transaction.
For withdrawals, select the withdrawal method and amount, and follow the prompts to complete the transfer.
IFC Markets Bonuses
Currently, IFC Markets does not offer any active bonuses or promotions. However, bonus offers are updated monthly, and you can check for new promotions on their official site.
Previous Promotions:
- Birthday Bonus: 20% bonus on deposits within 30 days of your birthday.
- Refer-a-Friend Bonus: $50 for every friend you refer, with additional $75 for secondary referrals.
- Affiliate Program: Earn up to 15 USD per traded lot by referred clients.
Annual Profit Bonus for Free Margin
IFC Markets offers an annual profit bonus on unused margin. This allows you to earn interest on the free margin (unused balance) in your trading account.
- Interest is calculated daily based on unused margin.
- Monthly interest is added to your trading account at the end of each month.
- This bonus does not apply to Islamic accounts or accounts under the IFCM Invest program.
Conclusion
IFC Markets has established itself as a reliable broker with a clear focus on transparency and user experience. With access to more than 500 trading instruments, and professional platforms like MetaTrader 4, MetaTrader 5, and NetTradeX, it offers diverse trading opportunities.
Additionally, traders can benefit from multi-language support, including Persian, and utilize resources like PAMM accounts, VIP accounts, and educational materials. IFC Markets provides a secure and well-regulated environment, making it a solid choice for traders looking for long-term success.
