IFC Markets vs CrescoFX

IFC Markets or CrescoFX – which is better for UK traders 2024? Compare IFC Markets and CrescoFX in this detailed breakdown of their platforms, features and fees.

IFC Markets vs CrescoFX Comparison Table 2024
IFC Markets CrescoFX
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2.9
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1.4
IFC Markets is ranked #97 among CFD brokers. CrescoFX is ranked #97 among CFD brokers.
IFC Markets is an STP broker that was founded in 2006 and has since gained 200,000 clients and several awards. This broker has some of the most interesting and wide-ranging additional tools, elevating its clients' trading experience via portfolio quoting, personal composite instruments and extensive analytics.
CrescoFX has closed or no longer accepts UK clients.
Trade stocks, forex and commodities on the CrescoFX platform & MT4 app.
Pros
  • Users can choose from the powerful MT4, MT5 or the firm's proprietary NetTradeX platform for all assets
  • I appreciate that the broker offers beginner-friendly Micro accounts with a minimum deposit of just $1
  • The brokerage supports a unique system that allows clients to develop their own synthetic instruments
  • IFC Markets clients can trade more than 600 instruments with fixed or floating spreads from 0.4 pips
  • Clients have a wide range of payment methods and base currencies to choose from
Cons
  • IFC Markets is regulated by the British Virgin Islands Financial Services Commission, a weak financial regulator
  • I'm disappointed that several payment methods incur steep deposit and withdrawal fees of up to 20%
  • GBP base currency isn't supported, so UK clients will have to pay hefty currency conversion fees
Awards
  • Best Broker South East Asia 2020 - International Business Magazine 
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$1, ¥100 $1000
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
BVI FSC, SC, Labuan Financial Services Authority FCA
Mobile Apps
Yes Yes
iOS App Rating
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Android App Rating
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Margin Trading
No No
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Yes (APIs) Yes
Copy Trading
Yes No
Copy Trading Platform
Follow and profit from top traders using IFC Market's copy solution.
Social Trading
Yes No
Trade Signals
Yes (Via Chartist Software)
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Commodities
  • Gold
  • Silver
  • Copper
  • Cotton
  • Corn
  • Coffee
  • Palladium
  • Cocoa
  • Wheat
  • Soybeans
  • Orange Juice
  • Gold
  • Silver
CFD
IFC Markets clients can access CFDs across commodities, cryptos, indices and ETFs. I’m pleased to see that assets are all available on MT4, MT5 and NetTradeX with decent leverage rates of up to 1:400. Buy and sell online CFDs on the markets.
Leverage
1:400 1:30
FTSE Spread
300 Floating
GBPUSD Spread<
3 Floating
Oil Spread
12 Floating
Stocks Spread
Variable Floating
Forex
I like that there’s a decent range of 50+ major, minor and exotic forex pairs available at IFC Markets, with just a $1 minimum deposit. That said, spreads are fixed from 1.8 pips, which isn’t the lowest I’ve seen. Trade over a dozen currencies with leverage.
Assets
50 17
GBPUSD Spread
3 Floating
EURUSD Spread
1.8 Floating
EURGBP Spread
1.8 Floating
Currency Indices
  • USD
  • EUR
  • GBP
  • JPY
  • CAD
Cryptocurrency
IFC Markets also boasts a good selection of 15 cryptocurrency CFD pairs and I’m particularly impressed to see Bitcoin futures on offer. The free demo account is an excellent place to start if you want to practice your crypto trading strategies. Trade on the world's largest two cryptocurrencies.
Spread
50 pips Variable
Coins
  • BTC
  • BTC
  • ETH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
IFC Markets CrescoFX
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