IFC Markets Review – Is IFC Markets Broker Scamming People?
Broker status
|
Regulated |
Regulated by
|
BVI, LFSA |
Scammers Websites
|
ifcmarkets.com |
Blacklisted as a Scam by
|
N/A |
Owned by
|
IFCMARKETS. CORP. & IFC Markets Ltd |
Headquarters Country
|
Malaysia |
Foundation year
|
N/A |
Supported Platforms
|
NetTradeX, MT4, MT5 |
Minimum Deposit
|
$100 |
Cryptocurrencies
|
N/A |
Types of Assets
|
N/A |
Maximum Leverage
|
1:400 |
Free Demo Account
|
N/A |
Micro Deposits at a Misleadingly Low Level
Although technically IFC Markets offers a Micro account for as low as $1, you will need to deposit $1000 in order to have access the majority of features offered by a Standard account. Similar brokers typically require $100. Some may even charge $250.
Fixed spreads are usually middle-of-the-road, with EUR/USD pairs running at 1.8 pip. The maximum leverage is 1:400. This can be dangerous and could cause new traders to lose everything. Brokers within the EU are limited to a maximum leverage of 1:30 by the ESMA.
IFC Markets Trading Platforms
IFC Markets offers a variety of platforms for investors to choose from. You can choose from MetaTrader 4 or MetaTrader 5. They have MetaTrader 4 and 5. NetTradeX is also a platform that the broker uses. The platform was launched in 2006. The platform is available in both Windows and Android versions.
Warnings from Canadian Provincial Regulators
In April 2020, the Canadian provincial financial regulator, the MSC warned against doing business with IFC Markets. The broker is not registered to provide financial services to Canadians. The regulator asserts that the broker targeted Manitobans through online classifieds despite not having the required registration.
In May 2020, the BCSC issued a similar warning. They emphasize that IFC Markets is not registered to trade in securities or derivates in Canada. The regulator stated that they are aware that the broker accepted Canadian residents as clients despite not having registered.
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IFC Markets: Video
Below you will find a short video about IFC Markets. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about IFC Markets!
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Copywriter with more than 10 years of experience. Wrote analytical content for one of the largest forex brokers in the world. Works as an editor-in-chief at assistance-refund.com
FacebookFAQ
- Do reviews by traders influence the IFC Markets rating?
Any review can affect the broker's rating in the overall list. You can read IFC Markets reviews by going to the broker's profile.
- How to leave a review about IFC Markets on the Traders Union website?
To leave a review about IFC Markets, register on the Traders Union website or you can also leave a review through Facebook.
- Is it possible to leave a comment about IFC Markets on a non-Traders Union client?
Anyone can leave feedback about IFC Markets on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
- Does IFC Markets offer a demo account?
Yes, IFC Markets offer demo accounts across the MT4, MT5, and NetTradeX platforms. Practice accounts come with a virtual bankroll and traders can open a real-money account when they’re ready.
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