IFC Markets Account Types
IFC Markets offers a variety of trading account types tailored to meet the diverse needs of traders. The available account types include:
- Standard Account:
- Minimum Deposit: $1,000
- Leverage: Up to 1:200
- Spread: Fixed from 1.8 pips
- Commission: Commission-free
- Minimum Trade Size: 0.10 lots
- Beginner Account:
- Minimum Deposit: $1
- Leverage: Up to 1:400
- Spread: Fixed from 1.8 pips
- Commission: Commission-free
- Minimum Trade Size: 0.001 lots
- Micro Account:
- Minimum Deposit: $1
- Leverage: Up to 1:400
- Spread: Fixed from 1.8 pips
- Commission: Commission-free
- Minimum Trade Size: 0.01 lots
- Demo Account:
- Minimum Deposit: Not applicable (virtual funds)
- Leverage: Up to 1:400
- Spread: Fixed from 1.8 pips
- Commission: Commission-free
- Minimum Trade Size: 0.01 lots
- Islamic Account:
- Available for: All account types
- Special Feature: Swap-free trading compliant with Sharia law.
Traders can choose between different trading platforms such as Net Tradex, MetaTrader 4, and MetaTrader 5, each offering unique features and spreads.
IFC Markets Broker Account Opening Process
Opening an account with IFC Markets is a straightforward process that involves the following steps:
- Registration:
- Visit the IFC Markets website and click on “Open Account” or “Start Trading.”
- Fill in your personal details, including your name, email address, desired password, country of residence, and phone number.
- Submit the registration form.
- Account Type Selection:
- After registration, log into your personal profile.
- Select “Accounts” → “Open Live Account.”
- Choose your preferred trading platform (Net Tradex, MetaTrader 4, or MetaTrader 5), account type, leverage, and currency.
- Documentation:
- Submit the necessary documents for eKYC compliance, which typically include a government-issued ID and proof of residency.
IFC accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .