Our Review of IFC Markets
IFC Markets is an online retail broker that is primarily focused on forex, although it also offers trading of golf instruments and contracts for difference in stocks, commodities and market index products. IFC Markets is part of the IFCM Group of financial services, which include the NetTradeX software development firm. The company is a Cyprus Investment Firm regulated by the Cyprus Securities and Exchange Commission as well as the Markets in Financial Instruments Directive of the European Commission.
Forex traders who open accounts with IFC Markets can use the firm's own NetTradeX electronic trading platform for desktop, iOS, Android, or Windows Mobile. There's also an advanced version of NetTradeX, and traders can also choose the popular MetaTrader 4 platform.
New traders who deposit $50,000 or more to open a new IFC Markets account are given VIP status and the opportunity of getting up to $10,000 in advance trading credit. Trading leverage at IFC Markets varies according to account levels. For example, an open position of $20,000 will yield a maximum leverage of 1:20. Beginner traders can margin up to 1:400. IFC Markets offers fixed and floating spreads on many currency pairs. The EUR/USD spread, for example, is two pips.