IFC broker Accounts

ifc Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: ifc Account Types Overview

ifc Account Types Explained

IFC Markets offers several account types tailored to meet the needs of different traders. Below is a detailed overview of each account type available in 2025:

1. Classic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Fixed spreads starting from 3 pips
• Leverage Options: Up to 1:400
• Key Features: Instant execution, suitable for beginners
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, CFDs on commodities, indices, and stocks

2. Direct Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Floating spreads starting from 0.4 pips
• Leverage Options: Up to 1:400
• Key Features: Instant execution, ideal for active traders
• Target User Profile: Intermediate traders
• Trading Instruments Available: Forex, CFDs on commodities, indices, and stocks

3. Pro Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.1 pips, commission applies
• Leverage Options: Up to 1:200
• Key Features: Market execution, designed for professional traders
• Target User Profile: Advanced traders and professionals
• Trading Instruments Available: Forex, CFDs on commodities, indices, stocks, and cryptocurrencies

4. ECN Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Raw spreads from 0.0 pips, commission applies
• Leverage Options: Up to 1:100
• Key Features: Market depth visibility, suitable for institutional-grade trading
• Target User Profile: Institutional traders and high-volume traders
• Trading Instruments Available: Forex, CFDs on commodities, indices, stocks, and cryptocurrencies

5. Islamic Account

• Minimum Deposit Requirement: $100 (same as Classic)
• Spread/Commission Structure: Similar to Classic Account
• Leverage Options: Up to 1:400
• Key Features: Swap-free trading, compliant with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, CFDs on commodities, indices, and stocks

6. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as the Classic Account
• Leverage Options: Up to 1:400
• Key Features: Risk-free trading environment with virtual funds
• Target User Profile: Beginners and traders looking to practice
• Trading Instruments Available: Forex, CFDs on commodities, indices, and stocks

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Classic Account, Demo Account
• Intermediate Traders: Direct Account
• Advanced Traders: Pro Account
• Institutional Traders: ECN Account
• Muslim Traders: Islamic Account

Part 2: ifc Account Features Comparison

Detailed ifc Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Classic: $100

• Direct: $100

• Pro: $500

• ECN: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Classic: 1:400

• Direct: 1:400

• Pro: 1:200

• ECN: 1:100

• Islamic: 1:400

• Demo: 1:400

• Spreads (Typical/Minimum):

• Classic: Fixed from 3 pips

• Direct: Floating from 0.4 pips

• Pro: Raw from 0.1 pips

• ECN: Raw from 0.0 pips

• Islamic: Fixed from 3 pips

• Demo: Fixed from 3 pips

• Commission Fees:

• Classic: None

• Direct: None

• Pro: Yes (based on volume)

• ECN: Yes (based on volume)

• Islamic: None

• Demo: None

• Lot Size:

• Classic: Standard

• Direct: Standard

• Pro: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Islamic: Standard

• Demo: Standard

• Available Trading Platforms:

• Classic: MT4, MT5, NetTradeX

• Direct: MT4, MT5, NetTradeX

• Pro: MT4, MT5, NetTradeX

• ECN: MT4, MT5, NetTradeX

• Islamic: MT4, MT5, NetTradeX

• Demo: MT4, MT5, NetTradeX

• Execution Type:

• Classic: Instant

• Direct: Instant

• Pro: Market

• ECN: Market

• Islamic: Instant

• Demo: N/A

• Islamic Account Availability: Yes for Islamic Account

• Swap-Free Options: Available for Islamic Account

• Demo Account Features: Virtual trading environment with no risk

Advantages of Each Account Type

• Classic Account:

• Easy to understand for beginners

• Fixed spreads provide predictability

• Instant execution reduces slippage

• Direct Account:

• Tighter spreads enhance profitability

• Instant execution for active trading

• Suitable for traders who monitor markets closely

• Pro Account:

• Low spreads and no requotes

• Market execution for professional trading

• Ideal for high-frequency trading strategies

• ECN Account:

• Access to raw spreads and market depth

• Suitable for institutional-grade trading

• Transparency in pricing

• Islamic Account:

• Compliance with Sharia law

• Swap-free trading options

• Suitable for Muslim traders

• Demo Account:

• Risk-free environment to practice trading

• Access to all trading instruments

• Ideal for testing strategies before live trading

Disadvantages of Each Account Type

• Classic Account:

• Higher spreads may reduce profitability for active traders

• Limited features compared to more advanced accounts

• Direct Account:

• Floating spreads can widen during high volatility

• May not be suitable for traders seeking fixed costs

• Pro Account:

• Higher minimum deposit requirement

• Commission fees can add to trading costs

• ECN Account:

• Higher minimum deposit requirement

• Commission fees can be significant for low-volume traders

• Islamic Account:

• Limited to certain trading instruments

• May not offer the same features as other accounts

• Demo Account:

• Virtual funds may not reflect real trading conditions

• Limited duration for practice trading

Part 3: ifc Account Opening Requirements

ifc Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Services not available to residents of the United States, Malaysia, and Russia.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.

Identity Verification Documents Needed:

• Valid government-issued ID (passport or national ID card)
• Proof of residence (utility bill, bank statement, etc.)

Additional Documentation for Professional Accounts:

• Financial statements or proof of trading experience may be required.

KYC/AML Compliance Procedures:

• All clients must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

Verification Time Frames:

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Part 4: ifc Account Opening Process

Step-by-Step ifc Account Opening Guide

1. Visit Website and Click Registration:

• Go to the IFC Markets website and click on the "Open Account" button.

1. Personal Information Entry:

• Fill out the registration form with your personal details, including name, email, and phone number.

1. Choose Account Type:

• Select the account type that best suits your trading needs (Classic, Direct, Pro, ECN, or Islamic).

1. Set Trading Preferences:

• Choose your preferred trading platform (MT4, MT5, or NetTradeX) and set your leverage and base currency.

1. Document Upload:

• Upload the required identification and proof of residence documents.

1. Account Verification:

• Wait for the verification process to complete, which may take 1-3 business days.

1. Fund Your Account:

• Once verified, deposit funds into your trading account using your preferred payment method.

1. Start Trading:

• Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile users may experience a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload errors.

• Solution: Ensure documents are clear and in the correct format.

• Issue: Email verification not received.

• Solution: Check spam/junk folders or request a new verification email.

Average Account Approval Time

• Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Log into your personal profile, navigate to the account settings, and select the option to upgrade or downgrade your account type.

Part 5: ifc Demo Account Information

ifc Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.
• Ideal for beginners to familiarize themselves with the trading platform.

How to Open a Demo Account

• Follow the same registration process as for a live account but select the demo account option.

Demo Account Limitations

• Virtual funds may not accurately reflect real market conditions.
• Limited duration for practice trading.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000 or more, depending on the broker's offering.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Trading conditions may differ slightly in terms of execution speed and slippage.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited period, often 30 days, but can be extended upon request.

Part 6: ifc Islamic Account (if available)

ifc Islamic Account Details

Swap-Free/Islamic Account Availability

• IFC Markets offers an Islamic account option that is compliant with Sharia law.

Eligibility Requirements

• Must be a Muslim trader seeking swap-free trading conditions.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, which are typically charged on overnight positions.

How to Apply for Islamic Account

• During the registration process, select the Islamic account option or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions or limitations on certain instruments.

FAQs – ifc Account Types & Opening

1. What account types does ifc offer？

• IFC offers Classic, Direct, Pro, ECN, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Classic: $100, Direct: $100, Pro: $500, ECN: $1,000, Islamic: $100, Demo: N/A.

1. How long does ifc account verification take？

• Verification typically takes 1-3 business days.

1. Does ifc offer demo accounts？

• Yes, IFC offers demo accounts for practice trading.

1. Can I have multiple account types with ifc？

• Yes, traders can have multiple account types.

1. Does ifc offer Islamic/swap-free accounts？

• Yes, IFC offers Islamic accounts that are compliant with Sharia law.

1. What documents do I need to open a ifc account？

• A valid government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type through your personal profile.