IFC Markets Review: Not Your Recommended Market Access

Regulated by a single offshore agency, this firm is not exactly what you’d call reliable. Clients aren’t very happy, and the firm has found itself on a number of regulator blacklists over the years.

Despite all this, the broker has managed to remain in business for two decades now. Read more about this controversial forex service in our IFC Markets review.

Broker status:	Offshore regulated broker
Regulated by:	BVIFSC
Operating Status:	Active online trading site
Known Websites:	ifcmarkets.com
Blacklisted as a Scam by:	CNMV, CONSOB, CBR, CSA, FSMA, OSC, BCSC, MSC
Owner:	IFCMARKETS. CORP.
Headquarters Country:	BVI / Armenia
Foundation Year:	2005
Online Trading Platforms:	NetTradex, MT4, MT5
Mobile Trading:	Available – proprietary app
Minimum Deposit:	$1
Deposit Bonus:	No
CFD Trading Option:	Yes, you can trade CFDs
Crypto Asset Trading:	Available – BTC, ETH, LTC
Available Trading Instruments:	Crypto, Forex, Indices CFDs, Stocks, Commodities, Metals
Maximum Leverage:	1:400
Islamic Account:	Available
Free Demo Account:	Available
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	Beware of any blacklisted entity, however attractive their offer might be. For any withdrawal issues, we’re here to help.

Warnings and Offshore Licensing

IFCMARKETS. CORP. is the name of the company that owns the IFC Markets Forex broker. The entity has been legally incorporated according to the laws of the British Virgin Islands. The firm has been registered for Dealing as a Principal and Arranging Deals in Investments by the BVIFSC since September 9, 2024. Offshore regulations are as worthless as a piece of paper, and in order to also serve EU, Canadian, and other customers, brokers need to obtain a Tier 1 license.

Does this company have a proper permit? No, of course not. They’ve been blacklisted by CNMV, CONSOB, CBR, CSA, FSMA, OSC, BCSC, and MSC for operating without appropriate fund segregation, customer protection, and transparency.

Reviews With Alarming Implications

Reviews found on popular rating sites like TrustPilot are neutral, with an average of 3.7 stars. While more than 60% of all testimonials rate the firm at 5 stars, this is not indicative of high-quality service.

Consisting of 17% of users, the negative reviews border on accusations of fraudulent activity. Clients complain about their deposits being charged hidden fees with no warning or prior notice. It is not uncommon for shady firms like Investbridge Capital to pay for fake reviews to keep their reputation afloat.

Prominent on Social Networks

The broker may be found on Facebook, Instagram, X, LinkedIn and CrunchBase. The company also operates YouTube and Telegram channels. Still, this doesn’t mean that the company is completely legitimate.

Various predatory entities like 3AFund spread their foul influence over the web through social media. Considering the number of regulatory warnings IFC Markets Asia broker has received, we do not recommend investing with them.

Providing Service For 20 Years

The company has been around for two whole decades. Their website, according to WhoIs, dates back to 2005. The brokerage is available around the world, with the majority of clients being from these general areas:

• Canada
• Japan
• South Africa

Advanced Trading Technology

There’s no doubt about the quality, speed, and efficiency of the options and features included in the IFC Markets MT4 software.

The broker also offers MT5, which is known for an even richer offer of tools and faster execution speed. At that, both of the terminals are available on multiple devices.  The latest addition to the offering of trading portals is that the firm advertises a solid software for CFD trading – NetTradeX.

Proprietary Mobile App

Besides the aforementioned IFC Markets MT5 software solution available on mobile platforms and other programs, the firm also provides its own proprietary solution. This variant doesn’t seem to be excessively popular among traders. The GooglePlay app has about 50k downloads with a 3,7 review score.

Instrument Availability

For traders engaged in various online financial markets, it’s of utmost importance to be able to access a solid number of tradable products. The business boasts about providing access to an impressive range of instruments. However, these are the groups of most commonly traded financial products on this site:

• Currency Pairs – EUR/USD, USD/TRY, EUR/RUB
• Indices CFDs – AU200, DE30, GB100
• Commodities – Brent, Cocoa, Copper
• Stocks – Coca-Cola, GPT Group, Woolworths
• Crypto – BTC, ETH, LTC
• Metals – Silver, Gold, Platinum

Accounts Defined by Platform

The availability of trading accounts depends on which IFC Markets trading platform you decide to use. In accordance with that, here are some account bundles available:

• NetTradex accounts
• MT4 accounts
• MT5 accounts

All of these packages feature accounts with fixed and floating spreads, standard, micro and demo, as well as PAMM accounts.

Clients who choose to open an MT5 account can also opt for an ECN option in the Standard and Demo variants. Islamic traders can also choose to trade on accounts free of swaps. The minimum amount to invest in order to start trading is only $1.

Available Demo For Each Platform

At any time, a client may create a demo trading account. However, these are not interchangeable between the trading applications, which means a separate login is required for each one.

Clients are allotted $100,000 in virtual currency for testing purposes, but unfortunately, a time limit for the demo is not specified.

Many Charges

Trading conditions on this platform largely depend on what trading software you opt for, as well as what package you decide to buy.

Generally speaking, the IFC Markets spread can vary. There are 0.0 pips for MT5 ECN accounts, 0.4 pips for other MT5 accounts, and 1.8 pips as starting spreads for all other account types. Leverage may also vary from the standard ratio of 1:100 to a maximum of 1:400.

Fees are included in withdrawals, and are tied to the specific transaction method used. Bank transfers cost + £20, while electronic wallet transfers include commissions between 0.8% and 3.5%.

Poorly Defined Withdrawal Conditions

IFC Markets withdrawal conditions are not outlined in the Terms and Conditions document, but on a dedicated web page instead. There are several financial channels, including bank cards (Visa, MasterCard), e-wallets (TopChange, BitWallet, WebMoney, AdvCash), mobile payments (M-Pesa), and bank wire transfers.

Most of these methods will see payouts processed immediately, with the bank card having the slowest processing time that can take up to 5 business days.

While this all may seem pretty straightforward, we must remember that a large number of clients have had serious problems with payouts. If you suspect foul play from this broker, feel free to contact our experts.

Denied a Payout? Contact Our Experts!

This broker-dealer has been a reliable business partner for numerous traders over the past 20 years. Still, it’s not a business that works without a hitch.

The company doesn’t exactly have a stellar reputation and has been blacklisted by numerous regulatory bodies in the past. We advise great caution when investing with this firm. Alternatively, if you believe to have been defrauded by this group, you may seek our legal help via the live chat on our website.