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Rating Index

Pros

Low minimum initial deposit of $1, making it accessible for new traders.

Offers a unique portfolio quoting method that allows users to create their own synthetic instruments.

Provides a range of educational resources and customer support in multiple languages.

Cons

Regulated only by tier-2 agencies, which may raise concerns for some traders regarding oversight.

Not available for traders in the US, Japan, and Russia, limiting its accessibility.

Withdrawal processes can be slow, with delays reported by some users.

IFC Markets broker Accounts

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:

Net Tradex Accounts:

Standard Fixed & Floating Accounts:
Minimum Deposit: $1,000
Spreads: Fixed from 1.8 pips; Floating from 0.4 pips
Leverage: Up to 1:200
Beginner Fixed & Floating Accounts:
Minimum Deposit: $1
Maximum Equity: $5,000
Spreads: Fixed from 1.8 pips; Floating from 0.4 pips
Leverage: Up to 1:400
Demo Accounts:
Minimum Deposit: None (virtual funds)
Spreads: Fixed from 1.8 pips; Floating from 0.4 pips
Leverage: Up to 1:200

MetaTrader 4 Accounts:

Standard Fixed Account:
Minimum Deposit: $1,000
Spreads: Fixed from 1.8 pips
Leverage: Up to 1:200
Micro Fixed Account:
Minimum Deposit: $1
Spreads: Fixed from 1.8 pips
Leverage: Up to 1:400

MetaTrader 5 Accounts:

Standard Floating Account:
Minimum Deposit: $1,000
Spreads: Floating from 0.4 pips
Leverage: Up to 1:200
Micro Floating Account:
Minimum Deposit: $1
Spreads: Floating from 0.4 pips
Leverage: Up to 1:400

All accounts offer commission-free trading and access to a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies.

IFC Markets Broker Account Opening Process

Opening an account with IFC Markets is a straightforward process that can be completed in a few simple steps:

Visit the IFC Markets Website: Go to the homepage and click on “Open Account” or “Start Trading.”
Registration: Fill out the registration form with your name, email address, desired password, country of residence, and phone number. You can also register using your Facebook ID for quick access.
Account Verification: To comply with global AML/KYC standards, you will need to verify your account by uploading a government-issued ID and a recent proof of residency document.
Funding Your Account: Choose your deposit amount and select a payment method. The minimum deposit varies by account type, with beginner accounts starting at $1 and standard accounts requiring $1,000.
Download Trading Platform: After verifying your account, download the trading platform of your choice (Net Tradex, MetaTrader 4, or MetaTrader 5) to start trading.

This process ensures that you are set up for a secure trading experience with IFC Markets.