What is IFC Markets?

By An Khmurenko on in Learn to trade
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IFC Markets is one of the oldest online trading brokers in the world. It is owned by the IFC Markets Group and was founded in 2006. The brokerage firm operates under the regulation of the British Virgin Islands Financial Services Commission (BVI FSC) and Cyprus Securities and Exchange Commission (CySEC). It has an office in Cyprus while its headquarters are located in the British Virgin Islands. 

IFC Markets offers commodities and Forex trading as well as other trading opportunities. IFC Markets focuses on satisfying all its clients’ needs. It follows the standards of the trading industry by offering many tools and features. Its long-term clients also agree that IFC Markets can surpass its competitors through its innovative options. The company is working toward reaching out to other customers all over the globe. It seeks to expand its businesses in more countries and offer quality support for its services. The trading platform supports Islamic accounts but does not cater to U.S. clients. IFC Markets is doing a good job of proving its customers that they’re the best broker in the trading industry. Let us see what this online broker has to offer.

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IFC Markets and its trading platforms

Every online Forex trading broker nowadays offers several platforms traders can use, and IFC Markets is not an exception to that rule. Metatrader 4 is, without a doubt, the most popular platform among traders, and it is still one of the most stable and secure on the market. A trader can set it up for automated trading and have all access to the charts and analyze tools for great trading experience. MT4 offers all the tools and features that every trader needs. In addition, it has a new version that bears a great design that is already available for download.

The other platform that IFC Markets offers is NetTradeX. It is developed by the IFC Markets team and supports some unique details. For example, it is the only platform that uses the GeWorko Method of composing personal composite instruments. It is quite an innovative approach and could earn the recognition of all expert traders. Mobile trading is also available to its users. It is covered with mobile applications for Android and Apple devices available in app stores.

Is IFC Markets safe or a scam?

If an interested party takes a look at the reviews online about this IFC Markets broker, the client will notice that its traders give it a high overall grade, usually four out of five stars. As might be expected, the company would be tagged as “IFC Markets scam” or as an “IFC Markets fraud,” but that is not true at all.  It is always about customer satisfaction in IFCMarkets. The brokerage firm’s security is above the industry standard so that all traders using the platform can feel safe and protected. The IFC Markets minimum deposit money is placed into segregated accounts within Tier 1 banks. IFC Markets assures that all of the client’s funds are safe. Its servers are well-protected, and there is no risk of personal data theft. 

IFC Markets customer support is well-known for its efficient 24/5 service. Its website can be translated into 25 languages, and a trader can contact a company’s representative to ask help in choosing the best language. There are several ways to contact IFC Markets’s customer service. A trader can reach the company via phone, using Skype, via LiveChat, email, or request a callback. Response times are some of the quickest in the industry. The FAQ section on its website is highly-comprehensive. All the needed information on a possible client can be found there.

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Funding an IFC Markets Account

Funding an IFC Markets account is very easy, and there are several banking methods a trader can efficiently use. IFC Markets minimum deposit is just $1. The usual debit/credit account option is available along with many digital wallet methods. Most banking methods take one business day for the transfer to be successful, but some of them are instant. There are no deposit fees except for the WebMoney banking method. Traders have to pay a 0.8% fee (maximum $50). On the other hand, IFC Markets’ withdrawal fees vary on the payment method. Its processing times are very quick. It mostly takes several minutes to register the transfer. Others can take from one to three working days, but that is already the maximum waiting limit. It is quite an achievement to render speedy withdrawals. Many competitors can learn from this broker.

IFC Markets loyalty programs

Currently, IFC Markets don’t offer any deposit bonuses or loyalty programs. While there were some in the past few years, its performance suggests that the broker need not come up with new tricks to attract new clients. However, it would be commendable for IFC Markets to implement contests or other beneficial tournaments as what some of its competitors do. For now, traders can enjoy what IFC Markets offers. In general, IFC Markets is one of the best online brokerage companies out there that responds to the needs of clients. Sign up now and try it for yourself.

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An KhmurenkoView all posts by An Khmurenko