August 24, 2021

Province of Manitoba MSC Issues Caution on IFC Markets

Forex Trading

The broker has more than 185,000 registered clients, from 80 countries, benefiting from its competitive pricing and fast execution trading conditions. IFC Markets is a regulated broker with headquarters in Cyprus and with offices in Malaysia and the BVI. ICF Markets has been in business for 16 years and counts with a clean regulatory record and multiple awards worldwide for its brokerage services. By using a DMA/STP execution model, IFC Markets ensures all trades are executed at the best available price, with no re-quotes, providing a perfect trading experience for traders of any level. Extra popularity points also for the accepted funding methods and IFC Markets' policy of no fees on deposits and withdrawals. Deposit fees - Trading accounts can be opened in 4 different currencies and maintained via 11 different funding methods.

ifcmarkets review

IFC Markets does not charge additional fees for withdrawals, but bank wires attract a fee of $25/€25/ ¥2500 and e-wallet providers may charge a transfer fee. For more information, please visit the IFC Markets deposit and withdrawals dedicated page. IFC Markets also complies with client money handling regulations and employs strict policies and procedures regarding the maintenance and operation of these accounts.

IFC Markets Review 2023 - Verified Customer Reviews

IFC Markets accepts deposits via bank wires, debit and credit cards, and deposits with the most popular e-wallets, including TCPay, Perfectmoney and Webmoney. IFC Markets does not charge any fees for deposits (please note that banks or/and e-wallet providers may charge a transfer fee). IFC Markets offers a hand-picked selection of more than 600 financial instruments to trade, from 6 different asset classes, including CFDs in forex, indices, stocks, commodities and cryptocurrencies. Again, for the EUR/USD, the starting spread is 0.4 pip, and also, commission-free.

ifcmarkets review

Minimum deposit - Opening a trading account with IFC Markets couldn't be easier. All can be done online, via the website, taking only a few minutes to complete the registration form. The minimum deposit requirement with IFC Markets varies from $1 to $1,000, depending on the account chosen.

With years of professional experience in the financial markets, IFC Markets is a trusted and transparent broker in the online retail trading industry, striving to build trust along with providing great products and services. Anyway, despite this less positive factor, IFC Markets is a great option for retail traders and a popular CFDs broker with traders in the EEA and Asia regions, and also for its attractive no-fees on deposits/withdrawals policy and deposit in BTC. The broker offers a wide range of 600+ financial instruments available for trading and provides professional online support in 12 languages. Trading can be done via MetaTrader 4 and 5, as well as via the in-house developed NetTradeX advanced trading platform. IFC Markets is an award-winning international CFDs broker, currently celebrating 16 years of experience in the financial markets.

Company

IFC Markets also earns some extra popularity points for their superb range of forex and trading education materials, available through the "Education" and "Analytics" tabs. The Analytics tab is full of useful trading tools, with a highlight to the market analysis and forecasts prepared by experts, trading ideas from the IFC Markets team. Of course, traders can also stay in the loop with IFC Markets market overview and blog articles. Withdrawals fees - IFC Markets' standard processing time for withdrawal requests is the same business day.

IFC Markets offers investors industry-leading pricing, and competitive trading spreads across several asset classes, especially on forex pairs. For the most traded pair, the EUR/USD, the MT4 and the NetTradeX Beginner account spread is fixed, starting at 1.8 pip, commission-free. IFC Markets strives to offer the best possible trading experience by constantly improving its range of financial ifc markets review instruments and trading platforms, following the latest trends and solutions. The broker offers one of the lowest pricing for forex trading with the EUR/USD spread starting at 0.4 pip, commission-free, for example. Celebrating 16 years in 2022, the IFC Markets brand is well-recognised as a popular broker and has a global presence providing competitive trading to thousands of traders.

  • IFC Markets is a regulated broker with headquarters in Cyprus and with offices in Malaysia and the BVI.
  • Trading with IFC Markets can be done via the MT4/MT5 platforms, available for Windows desktops , for Mac OS, and complemented with the mobile apps for Android and iOS.
  • ICF Markets has been in business for 16 years and counts with a clean regulatory record and multiple awards worldwide for its brokerage services.
  • Inactivity fee - Currently, IFC Markets does not charge any inactivity fees or account maintenance fees.
  • For these reasons, IFC Markets clients' funds are kept in top-tier international banks, fully segregated from the company’s funds.

The broker positions its pricing to be a serious contender with other top brokers offering DMA/STP trading models, and even ECN brokers which normally charge a $7 trading commission per traded lot, plus an average spread of 0.2 pip. The ICF is an investor compensation fund for retail clients of CIF registered financial firms, and its functions are regulated by the directive DI87-07 of the CySEC. If IFCM Cyprus Limited is unable to meet its obligations, retail clients might be entitled to compensation, up to the value of €20,000 per claim. This entitlement is irrespective of the number of accounts held, currency and place of the offering of the investment service .

IFC Markets Account types user rating

Cryptocurrencies - 2 cryptocurrencies CFDs crosses for trading versus the USD – BTC and ETH. Commodities - 29 commodities CFDs, divided into 10 metals, 4 energies and 15 softs, including Cattle, Coffee, Sugar and Cotton). The company claims to be operating in the British Virgin Islands and Malaysia. ETFs - 4 ETFs CFDs, including US iShares real estate, tracking the overall performance of a basket of shares of several sectors.

MSC recommends investors should always check an individual or company’s registration at aretheyregistered.ca before making any investment. Trading with IFC Markets can be done via the MT4/MT5 platforms, available for Windows desktops , for Mac OS, and complemented with the mobile apps for Android and iOS. The broker has also developed in-house its trading platform, the NetTradeX, packed with many features and available for mobile devices running on Android and iOS. Fxverify is the first of it's kind and only publishes user reviews by verified customers with a real IFC Markets trading account.

ifcmarkets review

IFC Markets and are not, and have never been, registered to trade securities in Manitoba, and are in violation of The Securities Act. Winnipeg -The Manitoba Securities Commission is issuing a caution to Manitobans on IFC Markets and ifcmarkets.com – a company offering Forex and CFD trading, which is advertising on Manitoba classified websites. For accounts opened with any of the IFC Markets entities, there is a default Negative Balance Protection mechanism in place. With the NBP mechanism, customers of IFC Markets are protected from any losses bigger than their original investments, in cases of extreme market volatility. For these reasons, IFC Markets clients' funds are kept in top-tier international banks, fully segregated from the company’s funds. IFC Markets does not use these funds for any company operational expenses or purposes.

MSC Issues Caution on IFC Markets

IFC Markets is also a popular CFDs broker amongst traders for the variety of instruments available for trading merged with its industry-leading pricing, composed of low spreads and no trading commissions. Both IFCM Cyprus Limited and IFCMARKETS CORP. BVI offer clients an extra layer of protection with a professional indemnity insurance policy. This financial insurance policy is maintained with the reputable AIG Europe company.

IFC Markets Regulators

IFC Markets marketing is taking advantage of the COVID-19 crisis in order to attract Canadian investors. The site makes reference to “excellent trading conditions” in reference to the international pandemic. Inactivity fee - Currently, IFC Markets does not charge any inactivity fees or account maintenance fees. The Manitoba Securities Commission https://forexbroker-listing.com/ is a division of the Manitoba Financial Services Agency, a Special Operating Agency of the Government of Manitoba that protects investors and promotes fair and efficient capital markets throughout the province. Members of the public are advised to contact MSC if they believe they have been targeted by any type of investment fraud attempt.

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