In this case, it is better for traders that trade in large volumes to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with another currency account, there will be a small conversion fee for every trade made. Overall, IFC Markets provides a wide range of funding methods, and while its processing times are reasonable, fees apply to most deposit and withdrawal methods. IFC Markets charges fees for both deposits and withdrawals on most payment methods.

IFC Markets scam

The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. They have a lot of bonuses – there is a loyalty program refer a friend and educational bonus as well. This article provides a list of best forex indicators for traders who want to make consistent profits. Learn more about this subject and learn how to choose the right one for your needs.

IFC Markets’ Education

Since IFCmarkets guarantees total protection of your money through fund segregation procedures, clients can deposit their money without any fears or concerns. To do so, they can use a range of different channels, such as wire transfer, credit cards, Neteller, OKPAY, limefx website Skrill, Unistream, and so on. Deposits can be made free of charge while withdrawals may require a small fee, depending on the withdrawal method you choose. For example, there is a 2% commission on credit card transfers and the minimum amount for withdrawal is $10.

This broker has proven to be a reliable partner to grow with as you learn the skills to make profitable trades. IFC is not lacking in any major service, you will find on other top industry contenders, between numerous currency trading pairs, and platform functionalities limefx website to streamline your strategy. IFC Markets doesn’t have a mobile application of its own, but all of the trading platforms it supports (MT4/5 and NetTradeX) offer mobile and tablet apps for iOS and Android. Windows Smartphones can be used to access the NetTradeX platform.

IFC Markets made a promotion to cover fees for deposits or withdrawals. Yet, this is applicable to some IFC Markets withdrawal methods, which you should check with customer service as there are some differences between the countries of origin. Some deposits will also add on processing fees and others are offered for free for example Credit Card payment. Also, you may get VIP status and get flexible trading conditions, exclusive personal instruments, free access to a VPS, 0 commissions on deposits and withdrawals, and much more. IFC Markets offers competitive dealing spreads and provides clients with excellent support. While the MT4 and MT5 trading platforms are available as the most basic version plus the Autochartist plugin, it’s apparent that IFC Markets prefers its traders to use the proprietary NetTradeX.

IFC Markets scam

There are desktop and web-based versions of the MetaTrader platforms as well. IFC Markets is definitely worth looking into if you want to trade in the forex market and are seeking a brokerage firm that also enables you to trade forex and other financial assets using CFDs. In the past two years, the broker has garnered 8 international awards in a range of categories, mainly for its services on the forex and CFD markets. Visa/Mastercard – A minimum deposit of 100 USD is required and will reflect to your trading account immediately.

User Reviews

There are no fees for this deposit method, but a fee of 2% + $7,5 / 2% + €6 / ¥1500 applies for withdrawals and it takes 1 – 5 days for the payment to be processed. 0.4 pips and 1.4 pips on EURGBP for Standard and Micro Fixed Accounts on the MT4 platform. 0.4 pips and 1.4 https://limefx.biz/ pips on EURGBP for Standard and Micro Floating Accounts on the MT5 platform. To meet different types of investors’ LimeFx needs and trading experience, IFC Markets offers various accounts, mainly divided into NetTradeX accounts, MT4 accounts, and MT5 accounts.

BID is lower than ASK, so ASK price touched the stop out level, your deals were closed. You can see everything on the screenshots that were sent to you in the live chat with our support. I have been using this platform to trade since 2016, and I have had no issues withdrawing funds from ifc markets. As a Muslim, I appreciate that they offer a swap-free account that allows me to trade as I please.

  • The overall quality and presentation are acceptable and will offer manual traders new ideas to consider.
  • The platform is known for its technical tools used to assist you in performing analysis.
  • More so, the platform has been optimized for both mobile and desktop use on different operating systems.
  • The educational section is excellent, presented via comprehensive written content and a wide range of videos.
  • A trading contest is also available, with prizes ranging from a five-ounce gold bar to a $50 trading bonus.

No minimum deposit is required to open a NetTrade beginner or MT4/5 micro accounts, although a minimum deposit of $1,000 is required to open standard NetTrade or MT4/5 accounts. Leverage ratios depend on the type of broker account and instrument traded. Starting from fixed spread, ending with a reliable regulator, the execution of orders is normal. Floating spreads are as low as 0.4 pips, commission-free, fixed spreads commence from 1.8 pips, and equity fees start from 0.10% with a minimum of $1 or a currency equivalent.

IFC Markets’ Customer Support

No real regulation and incorporated in BVI, owners really live in Cyprus. We have several others brokers largely better, cheaper and really professionals with never a problem with withdraws. This broker is venturing into this sector but currently lists only two assets. Asset selection at IFC Markets is well-balanced, with over 500 liquid assets across six categories, further enhanced via the Portfolio Quoting Method, allowing unlimited asset creation.

Transactions in this market are always between a pair of two different currencies, so forex traders either buy or sell the particular pair they want to trade. Forex brokers may also be referred to as retail forex brokers, or currency trading brokers. I like this company, and it seems like ifc markets are now checking if there’s demand for floating spread. Where LimeFx beats IFC in education, the latter remains the leading broker in functionality. It allows users to combine a comprehensive choice of strategies and delivers a greater competitive trading environment.

Yesterday Monday night, I found out that the funds in my account were applied for withdrawal. A total of $11,100, and now there are only a few thousand left. He said that the funds were withdrawn to the BTC wallet, but I clearly did not apply for deposits in BTC or other digital currencies before, and I did not accept the withdrawal of funds in this way. They just said my member center password, they didn’t give me the record IP of the application, they just said it was a different country. I have 100,000 doubts in my heart, why would someone withdraw money from my account if I recover a little bit?

I always recommend that traders check them before evaluating the total trading costs. IFC Markets offers Social & Copy trading services such as MQL4 Copy Trading and MQL5 Copy Trading. Modern-day trading cannot be imagined without mobile devices, and we all know that smartphones and similar gadgets are creeping into every little corner of our lives.

IFC Markets is a regulated Cyprus broker that provides access to trading a wide range of Forex and CFD instruments. The business model is based on transparent and trusting relationships with customers using STP technology on various platforms, including a proprietary platform with powerful features. In addition, the broker offers training and customer service in several languages, as well as trading accounts with floating and fixed spreads.

What types of accounts does IFC Markets offer?

The premise of this review’s headline is nonsense, sure, but it isn’t clickbait – keep on reading to find out. You can instantly execute trades in more than 600 different instruments with IFC Markets, including forex pairs, ETFs, valuable metals, equities, indexes, and commodities. A high-tech index, Brent oil vs gold, the DJIA vs the euro, and the Russian ruble vs the Japanese yen are a few examples. British traders will be trading under the IFC Markets subsidiary authorised and regulated by the Financial Services Commission of the British Virgin Islands .

IFC Markets offers more account types than most other brokers, and its accounts are suitable for beginners and more experienced traders. Alongside the high trading fees on the Metatrader platforms, IFC Markets’ non-trading fees are high, including charges for deposits and withdrawals. In addition, it has a limited number of base currencies, which means that British traders will have to pay currency conversion fees.

I wanted to add that initially, I was concerned that as my payouts grew, I would encounter difficulties or obstacles from the platform. However, I am happy to report that this has not been the case. I have been receiving my payouts promptly and without any issues. A variety of tools are provided to help you make one-stop search, compare IBs information, and select your preferred IBs effectively. You are eligible to receive up to a 50 percent bonus on your LimeFx and can compete to win many prizes with a minimum LimeFx of 250 USD. Trading platforms used by IFC Markets are NetTradeX and MetaTrader4.

Investing time in research before trying to invest on a suspicious broker can save you from potential losses and unnecessary stress. Despite the fact that this jurisdiction is offshore, the presence of a license from the European regulator CySEC indicates that the broker IFC Markets is regulated and safe. The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods. 100% Deposit Bonus – Receive a 100% Bonus on Deposits (Max Bonus $5,000). IFC Markets is an excellent platform for the best executing. I wanna to praise its helpful online suggestions and fast problem-solving speeds.

The broker especially focuses on offering CFD products, and the number of products exceed 600. First and foremost, report the incident to your local authority department. If no resolution can be reached, there is still hope to recover your funds from IFC Markets by attempting to open a chargeback case with your bank or credit card provider. The risks involved in using unregulated companies like IFC Markets include the inability to file a complaint with a credible regulatory authority in case of a dispute. Unfortunately, IFC Markets is not a trustworthy company to deal with, as they are not registered or regulated by any major regulatory authority, such as the Financial Conduct Authority . Relying on a reputable service like MyChargeBack is crucial when dealing with online scams, as the typical chargeback process can often be complicated and time-consuming without the proper guidance.