iFOREX vs IFC Markets

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

iFOREX vs IFC Markets Comparison Table 2024
iFOREX IFC Markets
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1.5
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2.9
iFOREX is ranked #97 among CFD brokers. IFC Markets is ranked #97 among CFD brokers.
Review
Review
iFOREX has closed or no longer accepts UK clients.
iFOREX is a multi-regulated forex & CFD broker with millions of clients worldwide 		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.
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
Yes No

List of FCA Regulated Brokers

Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds
Demo Account
Yes Yes
Minimum Deposit
$100 $1, ¥100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC, FCA, BVI BVI FSC, SC, Labuan Financial Services Authority
Mobile Apps
Yes Yes
iOS App Rating
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Android App Rating
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Margin Trading
No No
MetaTrader 4
No Yes
MetaTrader 5
No Yes
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)
Copy Trading
No Yes
Copy Trading Platform
Follow and profit from top traders using IFC Market's copy solution.
Social Trading
No Yes
Trade Signals
Yes 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 Yes
Commodities
  • Gold
  • Gold
  • Silver
  • Copper
  • Cotton
  • Corn
  • Coffee
  • Palladium
  • Cocoa
  • Wheat
  • Soybeans
  • Orange Juice
CFD
iFOREX offers hundreds of CFDs on FX, indices, shares, commodities, and cryptocurrencies 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.
Leverage
1:30 1:400
FTSE Spread
2.4 300
GBPUSD Spread<
2.8 3
Oil Spread
5.4 pips 12
Stocks Spread
Variable Variable
Forex
iFOREX offers trading on approaching 100 currencies from around the world 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.
Assets
90 50
GBPUSD Spread
1.8 3
EURUSD Spread
1.8 1.8
EURGBP Spread
2.8 1.8
Currency Indices
  • USD
  • EUR
  • GBP
  • JPY
  • CAD
Cryptocurrency
iFOREX offers trading on popular cryptocurrency coins 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.
Spread
Variable 50 pips
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • EOS
  • XMR
  • DASH
  • BTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
iFOREX IFC Markets
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