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Pros

Low minimum deposit of $5, making it accessible for beginner traders.
Wide range of trading platforms supported, including proprietary Net Tradex and popular MetaTrader 4 and 5.
Innovative portfolio quoting method that allows traders to create personalized synthetic instruments.

Cons

Slow withdrawal processing times, which can be frustrating for traders needing quick access to their funds.
High non-trading fees, including charges for deposits and withdrawals, impacting overall profitability.
Limited regulatory oversight, primarily regulated by tier-2 agencies, which may concern some traders regarding safety and transparency.

IFCM broker Accounts

IFCM Account Type

IFCM offers a variety of trading account types to cater to different trader profiles, including beginners, retail traders, and professionals. The available account types include:

  • Net Tradex Accounts:
    • Standard Fixed Spread:
    • Minimum Deposit: $1,000
    • Minimum Spread: 1.8 pips
    • Leverage: Up to 1:200 (1:400 for beginner accounts)
    • Commission: No commission on trades
    • Standard Floating Spread:
    • Minimum Deposit: $1,000
    • Minimum Spread: 0.4 pips
    • Leverage: Up to 1:200 (1:400 for beginner accounts)
    • Commission: No commission on trades
    • Beginner Accounts:
    • Minimum Deposit: $1
    • Minimum Spread: 1.8 pips (fixed) / 0.4 pips (floating)
    • Leverage: Up to 1:400
    • Commission: No commission on trades
    • MetaTrader 4 Accounts:
      • Standard Fixed Spread:
      • Minimum Deposit: $1,000
      • Minimum Spread: 1.8 pips
      • Leverage: Up to 1:200
      • Commission: No commission on trades
      • Micro Fixed Spread:
      • Minimum Deposit: $1
      • Minimum Spread: 1.8 pips
      • Leverage: Up to 1:400
      • Commission: No commission on trades
      • MetaTrader 5 Accounts:
        • Standard Fixed Spread:
        • Minimum Deposit: $1,000
        • Minimum Spread: 0.4 pips
        • Leverage: Up to 1:200
        • Commission: No commission on trades
        • Micro Floating Spread:
        • Minimum Deposit: $1
        • Minimum Spread: 0.4 pips
        • Leverage: Up to 1:400
        • Commission: No commission on trades

        All accounts offer access to over 600 trading instruments and the option for demo accounts.

        IFCM Broker Account Opening Process

        Opening an account with IFCM is a straightforward process that involves the following steps:

        • Visit the IFCM Website:
          • Navigate to the IFCM homepage and select the "Open Account" option.
          • Fill Out the Registration Form:
            • Provide your personal details, including:
            • First Name
            • Last Name
            • Email Address
            • Password
            • Country of Residence
            • Phone Number
            • Verify Your Email:
              • After submitting the registration form, you will receive a verification email. Click the link in the email to confirm your address.
              • Profile Authorization:
                • To unlock all features, complete the profile authorization by submitting:
                • A copy of your identity document (passport or driver's license)
                • Proof of address (utility bill or bank statement not older than 6 months)
                • Open a Trading Account:
                  • After authorization, log in to your profile, navigate to "My Accounts," and select "Open Live Account."
                  • Choose your preferred trading platform (Net Tradex, MetaTrader 4, or MetaTrader 5), account type, leverage, and currency.
                  • Deposit Funds:
                    • Go to "My Money" and click "Deposit" to fund your account using available methods (bank transfer, credit/debit card, Bitcoin).
                    • Start Trading:
                      • Once your account is funded, download the trading platform and log in to start trading.

IFCM accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
IFCM Account