IFC MARKETS CORP is a forex broker?

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IFCMARKETS. CORP. (reffered to as “IFC Markets”) is an International Forex and CFD Broker giving the customers an opportunity to perform trading from different regions of the world. Find out more about the supported languages of the Global Broker in Forex Trading.

Full
Answer

Is IFC markets a legitimate broker?

IFC Markets is a legitimate broker operating in the financial industry since 2006. The company is licensed by the BVI FSC and the Labuan Financial Services Authority. What are the minimum deposit requirements to start trading with IFC Markets?

What is IFC Markets Group?

The IFC Markets Group was established in 2006, consisting of regulated subsidiaries operating via separate web domains. The broker offers 600+ trading instruments in 18 languages across 80 countries from India and Singapore to Iran, Canada, Armenia and Asia. The company follows an STP model with pricing quotes direct from liquidity providers.

What are the trading hours of IFC markets?

IFC Markets follows standard opening times, 24 hours Monday through to Friday. With that said, opening times vary by market. A helpful trading chart by instrument is offered on the broker’s website split by CET time zone and UK local trading hours. IFC Markets offers a range of contact options in 12 countries and 18 languages:

How do I open an account with IFC markets?

To open a real account with IFC Markets, traders need to follow the online registration instructions including providing proof of residence and identity documentation. IFC Markets follows standard opening times, 24 hours Monday through to Friday. With that said, opening times vary by market.

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Is IFC Markets A good broker?

IFC Markets is a legitimate broker operating in the financial industry since 2006. The company is licensed by the BVI FSC and the Labuan Financial Services Authority.


What is IFC in forex?

IFC Markets is an international Forex & CFD broker with 13 years’ experience. IFC Markets is regulated and licensed by a few international organizations, such as the European CySEC and BVI FSC.


Who is a broker in the forex market?

A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies. Forex is short for foreign exchange. Transactions in the forex market are always between a pair of two different currencies.


What broker do forex traders use?

Hands down, our number one choice for the best forex broker for U.S. traders is IG. With low 0.8 pips for forex pairs like EUR/USD and an intuitive trading platform, IG is one of the leading forex brokers in the industry.


How does IFC markets work?

IFC Markets offer four ways to trade: Forex trading, Spread Betting, Social trading, Share Dealing. The assets and products available to you on the IFC Markets trading platform depend on the region of the world you are in and what entity you have an account with.


What is the minimum deposit for IFC Markets?

IFC Markets Minimum Deposit is $100 for Bank Cards, $100 for Bank Transfer, $1 for Perfect Money, $10 for Boleto, $5 for Pasargad Novin, $1 for TopChange, $10 for Bitwallet, $1 for WebMoney and $100 for Unistream.


Can I trade forex without a broker?

Financial Sector Conduct Authority (FSCA) As a South African forex trader, you aren’t required to deal with an FSCA-regulated broker, but it provides you with an added level of security.


Which forex broker is the best?

Best Forex Brokers for 2022IG – Best overall broker, most trusted.Saxo Bank – Best web based trading platform.CMC Markets – Excellent overall, best platform technology.Interactive Brokers – Great overall, best for professionals.TD Ameritrade FX – Best desktop platform, U.S. only.FOREX.com – Excellent all-round offering.More items…•


Do banks use forex brokers?

Commercial & Investment Banks Banks facilitate forex transactions for clients and conduct speculative trades from their own trading desks.


What is the biggest forex broker?

Top 10 Forex Brokers In The World 2022TD Ameritrade – Best forex broker for U.S Traders.Forex.com – IIROC broker for Canadian Traders.IG – Best Broker For Beginners With DFSA Licence.Interactive Brokers – MAS Fx Broker And Stockbroker.FXTM – Top FSC Broker With Highest Leverage.ThinkMarkets – Best FSCA Regulated Broker.More items…•


How do I find a forex broker?

To identify if a forex broker is regulated by SCM, the first step is to identify the register number from the disclosure text at the bottom of the broker’s Malaysia homepage. Next, look up the firm on the SCM website to validate the current regulatory status of the broker in Malaysia.


Do forex brokers lose money?

Most Forex traders fail. This is fact. As stated, the consensus on the conservative side is that 70% to 80% of all Forex traders lose money and this number can go as high as 90%!


IFC Markets Ltd

IFC Markets Ltd has been providing its customers with financial instruments trading services since 2020 both on organized market places and beyond, using trading-analytical platforms NetTradeX and MetaTrader 5.


IFCMARKETS. CORP

Since 2006 IFCMARKETS. CORP. has been providing its customers with services for trading financial instruments both on organized market places and beyond, using trading-analytical platforms NetTradeX , MetaTrader 4 and MetaTrader 5 .


IFCM CYPRUS LIMITED (former Infin Markets Limited)

IFCM CYPRUS LIMITED (former Infin Markets Limited) complies with the European Commission’s MiFID (Markets in Financial Instruments Directive) and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under the license number 147/11.


NetTradeX Limited

NetTradeX Ltd is a developer of advanced software for trading in financial markets including a multi-functional trading station NetTradeX.


Introduction

Having a reputable and well-respected brand name is a dream for many broker houses in the world of Forex trading, except for scam sites which are just trying to quickly strip people of their hard-earned money.


Trading Conditions

As we already said, IFCmarkets broker is a trading house which tries to provide an efficient and comfortable trading experience to all investors. Constant advancements and innovation is a trademark of this company, and that is why IFCmarkets offers highly competitive trading conditions.


Products

A wide range of assets and account types are awaiting those who decide to invest with IFCmarkets, and this brokerage can serve as a one-stop-shop for all your trading needs and preferences. In other words, you can trade with more than 40 currency pairs on their terminal, and IFCmarkets also offers CFDs for commodities, indices, and equities.


Regulation

The IFCmarkets broker house would not survive for 12 years in the Forex trading arena if it did not follow the rules and regulations established by the governing bodies. It goes without saying that IFCmarkets is a regulated brokerage, and they are licensed with CySEC (Cyprus Securities and Exchange Commission) under the number 147/11.


Platforms

Reliable and fully functional trading terminals are a must in today’s online trading world, and that is why IFCmarkets offer two software solutions to their clients. One of them is their proprietary software called the NetTradeX, and the other one is the well-known MetaTrader4.


Mobile 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. IFCmarkets is aware of this fact, and that is why they come prepared. In other words, their MetaTrader4 software can be accessed on iOS and Android devices, as well as Windows Mobile.


Pricing

IFCmarkets provides fixed and floating spreads, and they do not charge commission. They only charge the spread on top of the rates. However, there are some restrictions when dealing with account types on their platform. For instance, IFCmarkets only allows for $5k equity on Beginner and Micro accounts.


What is IFC market?

The IFCM Group (IFC Markets) is a global broker specialising in a range of instruments including forex, CFDs, commodities, indices, ETFs, and crypto futures. Our review covers how to sign up for a live account, the different deposit methods, free MT4 and MT5 platform downloads, and more.


What time does IFC open?

IFC Markets follows standard opening times, 24 hours Monday through to Friday. With that said, opening times vary by market. A helpful trading chart by instrument is offered on the broker’s website split by CET time zone and UK local trading hours.


How much leverage does a broker offer?

Leverage varies by account. The broker offers relatively high leverage up to 1:400 on beginner/micro accounts and 1:200 on standard accounts. These rates are high and while they may increase position sizes, they can also amplify losses.


What is a broker website?

The broker’s website offers extensive educational support covering general topics and investing specifics. Individuals can access online resources including YouTube content, a trading glossary, market PDF guidance, as well as margin and profit calculators.


Trading Platforms Available with IFC Markets

There are several platforms to choose from when investing with IFC Markets. They have both MetaTrader 4 and MetaTrader 5. These two are the industry standard for online forex and CFD brokers. Most traders are familiar with their extensive range of features. The broker also has its own platform called NetTradeX.


Warnings from Canadian Provincial Regulators

The provincial financial regulator for the Canadian province of Manitoba, the MSC, issued a warning against doing business with IFC Markets in April 2020. The broker does not have the required registration to offer financial services to Canadian services.


Fight Back Against Offshore Brokers

There isn’t much that traditional methods can do to help you with an offshore broker. Banks and payment processors likely won’t be able to help. Any international cases would take years to handle through the courts. Let our experienced team handle this for you. Contact us today for a free consultation and to start recovering your funds.


What is effective trading?

Effective trading is composed of multiple facets. Every broker and well-experienced trader knows this. As such, the former understands the need to help and scaffold their clients with various trading strategies.


Is IFC a legal entity?

Sanctioned by the British Virgin Islands Financial Services Commission (BVI FSC), IFC Markets is a legal entity set up by IFC Markets Corp. and the British Virgin Islands. While being an offshore company, IFC Markets is incorporated with IFCM Cyprus Limited, and a Cyprus Investment Firm enlisted under the CySEC.

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