IFC MARKETS Forex Broker

IFC MARKETS Review SummaryFounded2006Registered Country/RegionTurkeyRegulationSuspicious clone (FSC)Market InstrumentsCurrencies, stocks, commodities, metals, indices, ETFs, cryptos, and crypto futuresDemo Account✅Islamic Account✅Leverage1:1 - 1:400SpreadFixed (from 1.8 pips)Floating (from 0.4 pips)ECN (from 0.0 pips)Trading PlatformNetTradeX, MetaTrader 4, MetaTrader 5Minimum Deposit$1Customer SupportTel: +442039661649, +447723581740Email: tur@ifcmarkets.comIFC MARKETS Information IFC Markets, founded in 2006 and registered in Turkey, offers over 650 market instruments, high leverage up to 1:400, and various account types on NetTradeX, MT4, and MT5 platforms with a minimum deposit of $1.Pros and ConsProsConsVarious trading marketsSuspicious clone FSC licenseDemo accounts availableMT4 and MT5 platforms availableLow minimum depositIs IFC MARKETS Legit? IFC Markets' regulatory status is listed as “Suspected Clone,” regulated by the British Virgin Islands Financial Services Commission (FSC) under a Retail Forex License with license number SIBA/L/14/1073.Regulatory AuthorityBritish Virgin Islands Financial Services Commission (FSC)Current StatusSuspicious cloneRegulated byThe Virgin IslandsLicensed EntityIFCMARKETS. CORP.Licensed TypeRetail Forex LicenseLicensed NumberSIBA/L/14/1073What Can I Trade on IFC MARKETS? IFC Markets offers over 650 trading instruments, including currencies, stocks, commodities, metals, indices, ETFs, cryptos, and crypto futures.Tradable InstrumentsSupportedCurrencies✔Commodities✔Stocks✔Indices✔Metals✔ETFs✔Cryptos✔Crypto futures✔Bonds❌Options❌ETFs❌Account Type IFC Markets offers various account types across its trading platforms (NetTradeX, MT4, MT5). Demo accounts and Islamic accounts are also available. On NetTradeX：Account TypeStandard - Fixed & FloatingBeginner - Fixed & FloatingDemo - Fixed & FloatingBalance currencyUSD, EUR, JPY, uBTCInitial deposit1 000 USD/EUR, 100 000 JPY1 USD/EUR, 100 JPY-Maximum equivalence-5 000 USD-Leverage1:1 - 1:2001:1 - 1:400Minimum fixed spread1.8 pipsMin. dynamic spread0.4 pipsShort margin (Stop out) level10%Minimum trading volume (forex)10 000 units100 unitsMarket news ticker++-Operation systemHedged/Netting On MetaTrader 4:Account TypeStandard FixedMicro-FixedDemo-FixedPAMM-FixedBalance currencyUSD, EUR, JPYUSDInitial deposit1 000 USD/EUR, 100 000 JPY1 USD/EUR, 100 JPY-100 USDMaximum equivalence-5 000 USD/EUR, 500 000 JPY--Leverage1:1 - 1:2001:1 - 1:4001:1 - 1:200Minimum fixed spread1.8 pipsShort margin (Stop out) level10%Minimum trading volume (forex)0.1 lot0.01 lotMarket news ticker++-+Operation systemHedged On MetaTrader 5:Account TypeStandard FloatingMicro FloatingDemo-FloatingPAMM - FloatingStandard-ECNDemo-ECNBalance currencyUSD, EUR, JPYInitial deposit1 000 USD/EUR, 100 000 JPY1 USD/EUR, 100 JPY-100 USD/EUR, 10 000 JPY1 000 USD/EUR, 100 000 JPY-Maximum equivalence *-5 000 USD/EUR, 500 000 JPY----Leverage ***1:1 - 1:2001:1 - 1:4001:1 - 1:200Min. dynamic spread0.4 pips0.0 pipsShort margin (Stop out) level10%Minimum trading volume (forex) ****0.1 lot0.01 lot0.1 lotMarket news ticker++-++-Operation system *****Hedged/NettingHedgedHedged/NettingCommission based on trading volume----0.005%Leverage IFC Markets offers high leverage up to 1:400. Higher leverage can improve profit potential while also increasing risk, therefore appropriate risk management is crucial. IFC MARKETS Fees IFC Markets offers competitive trading conditions with various spread types, including fixed (from 1.8 pips), floating (from 0.4 pips), and ECN (from 0.0 pips), with no hidden commissions.Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable forNetTradeX✔PC, iOS, Android, Windows Phone, Windows Mobile/MetaTrader 4✔PC, WebTerminal, macOS, iOS, Android, MultiTerminalBeginnersMetaTrader 5✔PC, WebTerminal, macOS, iOS, AndroidExperienced tradersDeposit and Withdrawal IFC Markets generally has no deposit or withdrawal fees for most methods, with minimum deposits as low as $1 for certain account types. Deposit OptionsDeposit OptionsMinimum DepositDeposit FeesDeposit TimeBank transfer100 USD/EURYour bank's commissionNormally 2 to 3 business daysBank cards (VISA/Mastercard)100 USD/100 EUR, 10 000 JPY0MomentaryCryptocurrencies20 USD/EUR, 2 000 JPY, 800 uBTC0WebMoney payment system1 USD20%ADVCash1 USD/EUR0 Withdrawal OptionsWithdrawal OptionsMinimum WithdrawalWithdrawal FeesWithdrawal TimeBank transfer50 USD/EURYour bank's commission + £202 - 3 business daysTransfer to bank card (VISA/Mastercard)10 USD/EUR, 5 000 JPYVariesNormally 1-5 business daysWebMoney Payment system1 USD0.8% (maximum $50)From a few minutesCryptocurrencies20 USD/EUR, 2 000 JPY, 800 uBTCVaries< 1 business dayADVCash1 USD/EUR0.50%From a few minutesTransfers between own trading accounts1 USD/EUR, 100 JPY, 50 uBTC0