IFC Markets Review 2022 - Verified Customer Reviews

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IFC Markets Review

Updated April 06, 2022
Score breakdown
Pricing: 4
Regulation: 5
Popularity: 4
User Rating: 4.5 (2)

IFC Markets overall score rank: 6 out of 61

IFC Markets broker review

Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. FX and CFDs carry a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved considering your investment objectives and level of experience. Seek independent advice, if necessary.


  • 6 account types, suitable for any trader/investor
  • FX trading with low spreads and 0 commissions
  • Regulated in Cyprus, Malaysia and BVI
  • Instant and commission-free deposits (including in BTC)

Entity Name Licence & Regulation Client Money Protection Deposit Compensation Scheme Negative Balance Protection
IFCM Cyprus Limited Cyprus CySEC Licence ✔️ ✔️
up to €20,000
IFC Markets Ltd Labuan FSA Licence


It's possible to open a trading account with any of the group entities, except for traders in geographic regions not covered by the broker, such as the United States, Japan and Russia. The BVI FSC regulated entity serves, mainly, the international clientele, and also the traders looking for higher leverage ratios – up to 400:1. Let’s check out the IFC Markets entities in more detail.

  • European regulation: FCM Cyprus Limited, with address at 133, Arch. Makariou III, Classic House, 1st floor, Office No. 2, 3085, Limassol, Cyprus, is registered as a Cypriot Investment Firm (CIF) with number 276409 and is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 147/11. The CySEC license allows IFCM Cyprus Limited (trading as IFC Markets) to carry out brokerage activities in Europe, as an intermediary in the financial markets, respecting the MiFID obligations.

  • Malaysia, Labuan regulation: IFC Markets Ltd, with a registered address at Level 14B & 14C, Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000 Labuan F.T. is the counterparty for Asian customers. This entity is regulated by the Labuan Financial Services Authority (LFSA), with licence number MB/20/0049

  • BVI regulation: IFCMARKETS CORP. is a company incorporated in the British Virgin Islands, with registration number 669838. The company has a registered address at Quijano Chambers, P.O. Box 3159, Road Town, Tortola, British Virgin Islands, and is regulated by the Financial Services Commission (BVI FSC) with licence no. SIBA/L/14/1073.

Client Money Protection

IFC Markets complies with the highest safety standards for clients' funds. IFC Markets also complies with client money handling regulations and employs strict policies and procedures regarding the maintenance and operation of these accounts.

For these reasons, IFC Markets clients' funds are kept in top-tier international banks, fully segregated from the company’s funds. IFC Markets does not use these funds for any company operational expenses or purposes.

Deposit Compensation Scheme

IFCM Cyprus Limited is a member of the Cyprus Investor Compensation Fund (ICF). The ICF is an investor compensation fund for retail clients of CIF registered financial firms, and its functions are regulated by the directive DI87-07 of the CySEC. If IFCM Cyprus Limited is unable to meet its obligations, retail clients might be entitled to compensation, up to the value of €20,000 per claim. This entitlement is irrespective of the number of accounts held, currency and place of the offering of the investment service (within Europe).

Negative Balance Protection

For accounts opened with any of the IFC Markets entities, there is a default Negative Balance Protection mechanism in place. With the NBP mechanism, customers of IFC Markets are protected from any losses bigger than their original investments, in cases of extreme market volatility.

Professional Indemnity Insurance

Both IFCM Cyprus Limited and IFCMARKETS CORP. BVI offer clients an extra layer of protection with a professional indemnity insurance policy. This financial insurance policy is maintained with the reputable AIG Europe company.

Accounts, Instruments and Platforms

Accounts Instruments Platforms Social trading Maximum Leverage
✔️Islamic Accounts
✔️MT 4
✔️MT 5
❌Copy Trading 30:1 Europe
400:1 Globally

Account types and currencies

  • Trading accounts: IFC Markets offers several account types suitable for different types of traders/investors; Micro, Beginner and Standard. IFC Markets also offers swap-free accounts for traders of Islamic belief.

  • Social trading: Currently, IFC Markets does not offer social trading, or copy trading accounts, for investors and strategy providers.

  • PAMM: Currently, IFC Markets does not offer PAMM accounts for money managers.

  • Leverage: IFC Markets' maximum leverage is 30:1 for accounts opened with the CySEC regulated entity and up to 400:1 for accounts opened with the other group entities. Leverage limits can be customised.

  • Account currencies: Currently, IFC Markets trading accounts are only available in USD, EUR, JPY and uBTC.

Financial instruments

Trading with IFC Markets can be done via the MT4/MT5 platforms, available for Windows desktops (32b and 64b), for Mac OS, and complemented with the mobile apps for Android and iOS. The broker has also developed in-house its trading platform, the NetTradeX, packed with many features and available for mobile devices running on Android and iOS.

IFC Markets offers a hand-picked selection of more than 600 financial instruments to trade, from 6 different asset classes, including CFDs in forex, indices, stocks, commodities and cryptocurrencies.

  • FX market - 50 currency pairs (including Minor and Exotic crosses).

  • Indices - 12 indices CFDs, including the AU 200, UK 100, S&P 500 and NIKKEI 225.

  • Stocks - 470+ stocks CFDs (receiving dividends, if applicable) from global top companies and banks, listed on several exchanges – including Xetra, LSE, NASDAQ, TSE and ASX. With IFC Markets, investors can buy shares of Amazon, Deutsche Bank AG, Ferrari, Netflix, Tesco Plc, Visa, Wells Fargo and Xiaomi Corp., for example.

  • Commodities - 29 commodities CFDs, divided into 10 metals, 4 energies (including UK Oil, US Oil and Nat Gas) and 15 softs, including Cattle, Coffee, Sugar and Cotton).

  • ETFs - 4 ETFs CFDs, including US iShares real estate, tracking the overall performance of a basket of shares of several sectors.

  • Cryptocurrencies - 2 cryptocurrencies CFDs crosses for trading versus the USD – BTC and ETH.

  • PCI Library - 37 CFDs, created by the analysts of IFC Markets exclusively for the NetTradeX terminal – including some interesting pairs such as BRENT/NOK, OIL/GAS, Wheat/RUB, WTI/JPY and XAG/MXN.



Micro/Standard (MT4) Micro/Standard (MT5) Beginner/Standard (NetTradeX)
Spread EUR/USD (variable) from 1.8 pip from 0.4 pip fixed from 1.8 pip
variable from 0.4 pip
Commissions EUR/USD (1 lot)
Minimum Deposit Micro/Beginner from $1
Standard from $1000


IFC Markets offers investors industry-leading pricing, and competitive trading spreads across several asset classes, especially on forex pairs. For the most traded pair, the EUR/USD, the MT4 and the NetTradeX Beginner account spread is fixed, starting at 1.8 pip, commission-free. Things improve much more with the MT5 and NetTradeX Standard accounts.

Again, for the EUR/USD, the starting spread is 0.4 pip, and also, commission-free. The broker positions its pricing to be a serious contender with other top brokers offering DMA/STP trading models, and even ECN brokers which normally charge a $7 trading commission per traded lot, plus an average spread of 0.2 pip.

But IFC Markets isn't just offering competitive spreads on FX trading. Investors can also spot trade the BTC/USD pair with a low spread of just $50 (typically $70) and a future contract, the #F-BTCH2 with 0 spread!

Rollover Rates

IFC Markets swap rates, as of 03-03-2022, and for 1 lot EUR/USD (100,000 units) are -0.53 for holding a long position overnight and -0.03 for holding a short position overnight.

Deposits/Withdrawals and Other Fees

  • Deposit fees - Trading accounts can be opened in 4 different currencies and maintained via 11 different funding methods. IFC Markets accepts deposits via bank wires, debit and credit cards, and deposits with the most popular e-wallets, including TCPay, Perfectmoney and Webmoney. The broker accepts also deposits with the most popular crypto, the BTC. IFC Markets does not charge any fees for deposits (please note that banks or/and e-wallet providers may charge a transfer fee).

  • Withdrawals fees - IFC Markets' standard processing time for withdrawal requests is the same business day. IFC Markets does not charge additional fees for withdrawals, but bank wires attract a fee of $25/€25/ ¥2500 and e-wallet providers may charge a transfer fee. For more information, please visit the IFC Markets deposit and withdrawals dedicated page.

  • Inactivity fee - Currently, IFC Markets does not charge any inactivity fees or account maintenance fees.



Forex Education Deposit Options Deposit/Withdrawals Fees Non-expiring demo account Customer Support
FX courses
Trading E-books
Trading ideas
Technical analysis
Educational videos
Market news
Bank Wire
❌/❌ ✔️ Multi-language
24/5 Support
Live Chat
Local phone number
Several messenger services

Celebrating 16 years in 2022, the IFC Markets brand is well-recognised as a popular broker and has a global presence providing competitive trading to thousands of traders. With years of professional experience in the financial markets, IFC Markets is a trusted and transparent broker in the online retail trading industry, striving to build trust along with providing great products and services.

IFC Markets is also a popular CFDs broker amongst traders for the variety of instruments available for trading merged with its industry-leading pricing, composed of low spreads and no trading commissions.

By using a DMA/STP execution model, IFC Markets ensures all trades are executed at the best available price, with no re-quotes, providing a perfect trading experience for traders of any level. Extra popularity points also for the accepted funding methods and IFC Markets' policy of no fees on deposits and withdrawals.

IFC Markets also earns some extra popularity points for their superb range of forex and trading education materials, available through the "Education" and "Analytics" tabs. The Analytics tab is full of useful trading tools, with a highlight to the market analysis and forecasts prepared by experts, trading ideas from the IFC Markets team. Of course, traders can also stay in the loop with IFC Markets market overview and blog articles.

Funding Methods Bank Wire, Visa/MasterCard, Perfect Money, Pasargad Novin, TCPay, Bitwallet, WebMoney, Bitcoin, Unistream
Support Languages Arabic, Chinese (Traditional), Chinese (Simplified), English, Farsi, French, Hindi, Japanese, Portuguese, Russian, Spanish, Turkish, Vietnamese

  • Minimum deposit - Opening a trading account with IFC Markets couldn't be easier. All can be done online, via the website, taking only a few minutes to complete the registration form. The minimum deposit requirement with IFC Markets varies from $1 to $1,000, depending on the account chosen. Please refer to the IFC Markets account types webpage for more info.

  • Customer support - IFC Markets' multi-language customer support service is available 24 hours, 5 days a week, in 12 languages. IFC Markets' support is available via local phone numbers (subject to jurisdictions), email, contact form, through the live chat widget directly on the broker's website and several messaging apps: WhatsApp, Skype, Telegram, FB Messenger and Signal.

Broker Profile

IFC Markets is an award-winning international CFDs broker, currently celebrating 16 years of experience in the financial markets. The broker has more than 185,000 registered clients, from 80 countries, benefiting from its competitive pricing and fast execution trading conditions. IFC Markets is a regulated broker with headquarters in Cyprus and with offices in Malaysia and the BVI. This MiFID compliant broker is regulated by the CySEC, BVI FSC and LFSA. ICF Markets has been in business for 16 years and counts with a clean regulatory record and multiple awards worldwide for its brokerage services.

The broker offers a wide range of 600+ financial instruments available for trading and provides professional online support in 12 languages. Trading can be done via MetaTrader 4 and 5, as well as via the in-house developed NetTradeX advanced trading platform. All platforms are available on all types of mobile devices.

Focusing on offering high-quality services and comprehensive support both to clients and partners, IFC Markets' professional team is committed to finding innovative solutions and introducing new technologies, so that clients from all over the world can get the best trading conditions.

IFC Markets strives to offer the best possible trading experience by constantly improving its range of financial instruments and trading platforms, following the latest trends and solutions. The broker offers one of the lowest pricing for forex trading with the EUR/USD spread starting at 0.4 pip, commission-free, for example.

Overall, on our IFC Markets review, the broker scores 4.0 out of 5.0 as it is a great choice for traders looking to diversify their financial portfolio (with a great range of hand-picked instruments), but, mainly, because of the broker's competitive pricing and fast execution speeds.

Slightly affecting IFC Markets' overall score is its choice of the financial regulator for the international clientele, the BVI FSC. This factor could scare off some traders, as the nation-island is still to implement stronger regulations regarding retail traders’ protection. Anyway, despite this less positive factor, IFC Markets is a great option for retail traders and a popular CFDs broker with traders in the EEA and Asia regions, and also for its attractive no-fees on deposits/withdrawals policy and deposit in BTC.

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IFC Markets user rating score rank: 5 out of 61

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