IFC Markets UAE Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
IFCM - Nothing special about IFC Markets, but it does have a dedicated .AE website for UAE clients.
Yes, this broker's official website and app are legit, safe and trustworthy for UAE citizens and residents.
IFC Markets has decent reviews on Reddit and Quora, including satisfactory ratings on sites like Trustpilot. Thus, overall this broker is considered reliable for online trading of currencies, cryptocurrencies, CFDs and stocks.
Three factors dominate the thoughts and actions of the majority of small
volume traders: the drive to make a profit, the desire to do it easily, and the
need to do so securely. Moreover, it is in the facilitation of the three that
the IFC's market evaluation will be of assistance. While IFC Markets is focused
on enhancing brand engagement and demonstrating the diversity of its trading
products, the company is also committed to maintaining its long-standing
position as the top broker for traders who wish to design their own trading
instruments. Most likely, you've arrived here because you were looking for the
greatest trading pattern for small volume traders like yourself, which is a
sensation that is as universal as being human.
The difficulty is that trading is a very personal activity, and the term "trading platform" may imply many different things to various people. What works for you may not work for someone else, which is why it is critical to have an impartial evaluation performed. Because of the flood of new traders and the good economic circumstances, the foreign exchange market is experiencing a boom, which means that standing out on the digital shelf is a priority for both big and small brokers alike. One thing will undoubtedly stand out at the conclusion of this review: this broker knows how to ride the wave of viral success and then take things to the next level.
IFC Markets has had a remarkable – if turbulent – decade, during which time the brand has attracted thousands of traders from all over the globe to trade online. This ever-evolving trading platform is always refining its offerings, allowing the broker to recognise the extent to which its customers have gone to demonstrate their loyalty to IFC Markets.
Choosing the finest trading platform for your requirements might be difficult when it comes to living out your greatest trading years, particularly when there is a lot of noise from tempting marketing campaigns competing for your attention. The idea of this review's title is absurd, to be sure, but it isn't clickbait - as you'll discover if you continue reading.
IFC Markets, which was established in 2006, has quickly gained popularity as a forex and contract for difference (CFD) trading platform. IFC Markets is well-known in the trading community for providing high-quality products and services. Since then, the user base has expanded to include more than 185,000 customers from more than 80 countries. IFCM has maintained its position in a highly competitive and ever-changing brokerage environment by investing in new technology.
The company's most recent branding initiatives happened in 2021, when it celebrated 15 years of assisting merchants throughout the world with the introduction of a campaign aimed at rewarding top users with ostentatious, luxurious presents. For the most part, IFC stays true to its roots and keeps things as basic as trading can be.
Every aspect of the platform is intended to assist a diverse variety of traders to accomplish their objectives in any market. To put it another way, IFC is a sophisticated workstation that aims to simplify the process of trading. In order enable traders of any size to examine multiple markets and address situations in a single location, the broker was created. This eliminates the need for traders to continually move between tools such as tables, charts, and calendars.
From modest trades to large-scale transactions, IFC promotes itself as the broker who can arrange strategies when it counts, complete tasks at any time, and remain in contact with clients via customisable progress reports and alerts.
IFC Markets works within the bounds of reason and adheres to industry-standard procedures, even in nations where it is not directly regulated, such as the United States. The International Financial Corporation of Mexico (IFCM) is like many other brokers in that it does not accommodate traders.
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NetTradeX, the feature-rich desktop application that serves as IFC Markets' premier trading workstation, is the company's main trading workstation. This, in conjunction with the widely available MetaTrader suite of downloadable platforms and a working mobile app, represents the whole of IFC Markets' trading offerings to the general public. IFC Market offers traders with access to a diverse selection of products across a wide range of asset classes, including foreign exchange (forex).
Aside from a larger-than-usual selection of forex trading pairs, a comprehensive list of tradable CFDs, ranging from cryptocurrencies to exchange-traded funds (ETFs), fills the product roster, providing users with an overwhelming number of potential trading opportunities. IQ Option is a forex broker that offers a wide range of trading options.
The trading workstation provides you with all of the tools you need to stay on top of the market and achieve your objectives. You may begin by selecting 'open account' from the menu bar at the top of this page, which will direct you to the registration form.
Your account will be verified by submitting government-issued identity, proof of residency, and any other papers you may need before you may begin using the service. Everything you need to know to be a successful trader is laid out in one place by the broker, including streamlining the step-by-step process of verifying your account and organising your finances so that you can make educated trading decisions.
One more step is required once authentication is complete in order to put the world's financial markets at your fingertips - account financing. The procedure for financing your account is completed in a jiffy. It is no different from purchasing an online subscription or an eCommerce purchase because after you have discovered the most convenient deposit options, the following steps are to promptly take action on your selection.
IFC provides you with the power, control, and customisation you need to run a successful trading career and enterprise project for a one-time investment of $1 when you create an account with the company. IFC is a favourite of thousands of traders around the world, and it offers a variety of account types ranging from accounts tailored for individuals or teams just getting started to accounts tailored for teams or individuals trading with greater confidence, as well as accounts tailored for those who require additional control and support.
The benefits of trading on the IFC market do not stop with the creation of a live account on the exchange. There are several elements that make investing in the world's main financial markets simpler than it otherwise would be. In order to fully explore the ever-expanding possibilities for profit from buying and selling assets in the huge world of financial markets, IFC may be tailored to meet your specific needs.
IFC provides traders of any size with a wide range of capabilities to help them handle their trades, no matter how complicated they may be. The brokerage was created with everyone — not just professional users – in mind when it was created. The company's primary focus is on appealing to traders of all skill levels while also providing adjustable workstations.
The multiple trading platforms that it offers accessible are among its most advantageous characteristics. The International Financial Capital Markets (IFCM) caters to traders of all levels, whether they are seasoned veterans or intermediate traders or new to the market entirely. The NetTradeX is intended to let the user to handle a deal from start to finish in manageable chunks, rather than all at once. NetTradeX is a user-friendly platform that allows for trading on a desktop computer while also providing access to a variety of accounts and facilities.
The user may quickly get acclimated to the trading skills and features, such as simplified trade execution, thanks to some elegant tech-like designs. There are other more benefits as well.
Investments in global financial markets are possible via IFC Markets, as is the management of a diverse range of assets in a single portfolio. Investors may place bets on stock CFDs in a variety of industries, ranging from healthcare to technology, and from locations as diverse as New York and Hong Kong.
The International Finance Corporation (IFC) enables investors to take advantage of current possibilities in the world's resource market by providing flexible leverage and access to extensive liquidity in the commodities market. To acquire larger exposure with less cash, you may go long or short on foreign currency pairings using a selection of key USD pairs and other currency crosses using appropriate leverage. By investing in an index, you can even profit from the market trends of major stock exchanges around the world.
The International Financial Corporation (IFC) is devoted to providing an extremely pleasant trading environment that is totally adaptable to the investor's taste and choice after adding a vast number of trading instruments to their platform. Investment firms using IFC Markets may create their own synthetic trading instruments that are suited to their own investment strategy using a proprietary technology developed by IFC Markets. The only thing that can prevent this is the trader's imagination. A user may utilise this feature to make it simpler for them to diversify their portfolio and discover fresh chances that they would not otherwise be able to access in the traditional trading environment.
IFCM offers its customers with a variety of educational materials to help them improve their abilities and get closer to their personal objectives. This feature is primarily intended for beginning traders, and it provides them with all of the information they need to feel secure while dealing with CFDs and Forex.
In this section, the user may learn about a variety of trading themes, including technical and fundamental analysis, how to read charts, decoding technical indicators, and many other topics. In addition, IFCM provides video tutorials on topics such as basic courses, contemporary tools, and other topics. In addition, the articles published in this part include thorough descriptions of significant terms and themes.
IFC places a high priority on security in order to provide your peace of mind. This broker has taken extensive precautions to guarantee that the money, accounts, and personal information of everyone who transacts business on its platform are kept as secure as possible at all times. This involves providing the user with every tool and feature available to ensure account security and personal information protection. In reality, security is a shared duty, and IFC does not restrict the actions that users may take to protect their funds and keep account information secure from illegal access by providing concrete instructions.
The live chat option, located at the bottom right area of the IFC Markets site, allows customers to communicate with members of the customer service staff. This button provides the user with a variety of communication methods, including live chat, Skype, Messenger, Telegram, WhatsApp, and the ability to call the user directly. Finally, you may send an email to the customer service department directly for help.
IFC Market is well-known not just for its trading capabilities, but also for the simplicity with which its support crew can be reached. Unlike any other broker, it has amazing characteristics as well as an extraordinary reputation.
IFC Markets makes income primarily from client transactions, as is customary in the brokerage sector, by charging bid/ask spreads that are competitive within the industry. There are no commissions charged on forex transactions at this brokerage business, which is similar to many others. The spread varies based on the trading pair and the amount of the transaction.
Aside from that, IFC makes money by collecting a deposit fee, which is basically a financing charge, which may be subject to currency conversion costs if the currency used is different from the base currency of the account in question. Furthermore, if an account has been inactive for more than three months, a few fees are charged for inactivity.
Spreads for forex trading are 0.4 pip for floating spreads and 1.8 pip for fixed spreads, with the latter being the most common. The spreads rise in accordance with the trading platform and the currency pair being used. A minimum commission of 0.1 percent is required for CFD trading, equating to a fee of $0.02 per share of a US stock, with the maximum charge being 0.1 percent. While beginning account holders are not required to make any minimum deposits, standard account holders are required to make a deposit of at least $1000 for NetTradeX and MT4/5. Regarding leverage, the ratio changes based on the kind of account the user has and the instruments that are trading on the account.
The maximum leverage ratio, on the other hand, varies between 200:1 and 400:1, depending on the traded products. However, bank transfer and credit card transactions are subject to facilitation costs, which may vary based on the total amount being transacted. There are no withdrawal or closure fees indicated on the website, but bank transfer and credit card transactions are subject to facilitation fees. When compared to other industry competitors, the withdrawal procedure may be lengthy, with a waiting time that might last as long as 10 working days for wire transfers, for example. Withdrawals from online payment processors such as Skrill are almost instantaneous.
IFC Markets is designed for the beginner FX and CFD trader who is looking to obtain a basic grasp of the market and learn how to trade it. IFC Markets' product suite, which includes a wide range of instruments, competitive spreads and commissions, and an excellent selection of user interfaces, makes it an excellent choice for traders new to the craft as well as undercapitalized traders looking to develop their skills with limited resources. The easy-to-use interface, instructional resources, and robust privacy and security safeguards of the IFC market make it an excellent alternative for anybody searching for a reliable entry point into FX and CFD trading.
IFCM streamlines the procedure for those who are just trying to make some additional money by trading FX and CFDs. You may easily purchase and sell currencies, make long-term investments in traders, and keep track of the value of your investment as time progresses. This broker has shown to be a dependable partner with whom you may develop as you master the skills necessary to execute winning transactions in the stock market. There are no key services that IFC does not provide that you will not discover on other leading industry competitors, including a large number of currency trading pairs and platform functions to help you simplify your approach.
IFC is a wonderful starting place for both short- and long-term trading, but it has a few drawbacks as well as advantages. It is a low-cost brokerage in an industry where rivals demand hefty fees. As one of the world's leading brokers, IFC provides a diverse variety of asset classes as well as a frictionless trading experience for both new and seasoned traders.
IFC is a good fit for traders with intermediate-level trading talents since it has a plethora of beneficial characteristics and an obvious emphasis on functionality. Aside from receiving great ratings, this broker is a standout choice for customers that place a premium on flexibility above all other considerations. In any event, you are not need to have previous hands-on experience with other brokers in order to take use of its services.
On a desktop computer, the simplified trading interface is dependable and simple to use, making it ideal for day traders. IFC is the company's main service, and it has a redesigned look and feel, one-click trading functionality, and complete connectivity across several platforms, all of which are beneficial to inexperienced traders. The broker provides a plethora of research papers and instructional materials that are beneficial to both novice and seasoned traders who are seeking for new and innovative trading strategies.
The IFCM interface is straightforward and simple to use, allowing traders to create a watchlist and categorise future transactions for easy organisation, examine price charts, make and monitor trades, and have access to in-depth market instruments, among other things. Furthermore, the market calendar provides the user with access to impending events for the purpose of planning and strategizing.
IFC provides a multitude of indicators to aid in technical analysis, which may be further enhanced by including more than 70 other indicators. Different periods may be used by the trader in order to have a better understanding of the market direction. This broker provides access to hundreds of different financial products, all of which may be traded directly from the chart and order window of the trading platform. A user may also establish price-based alerts for things on their watchlist that they want to keep an eye on. IFC enables sophisticated traders to include additional analytical and automation tools into their trading workstations, which may be immediately connected into the trading workstation.
The most enticing aspect of NetTradeX is that it is simple to use, with a layout that will be recognisable to experienced traders who have used other trading platforms. IFC Markets incorporates the GeWorko Portfolio Quoting Methods, which allows traders to design their own synthetic assets and trade them on the platform, as well as other features. It is a one-of-a-kind feature that is not accessible via any other Forex or CFD broker. For those who wish to fine-tune their trading techniques, it also offers automated trading and back-testing features to help them do so. Clients may also access their accounts using the MT4/5 mobile applications, which provide additional functionality and are likely to be more familiar to most investors.
This assessment of IFC Markets might carry on indefinitely. At the end of the day, there is no end to the amazing features and not-so-great functionality that this organisation has to offer to consider. However, a decision must be reached.
At first look, it does not seem that claiming IFC is the top broker for small volume traders makes any sense. What works for one trader may not work for another, but after gaining hands-on trading experience, you will begin to see the categories that overlap with one another. Once you have selected some of these categories, you may proceed to the next step in the evaluation process.
IFC Markets provides a straightforward process that traders may create for themselves - no prior trading knowledge is necessary. The International Finance Corporation, like any other brokerage firm, does not guarantee a profit from your trading, but it is a great way to connect to a market that is otherwise intimidating to newcomers – which means it is also the best tool for beginners, as opposed to the tools that happen to only play nice with deep-pocketed, experienced traders. As a number of IFC features are interchangeable with those of any other broker, the emphasis of our assessment was on transactions of limited size and frequency.
As seen above, this broker is the ideal type of partner for the majority of individuals – especially those who have a little extra coin left over after paying their bills. With more than 2000 tradable products and a wide range of marketplaces, the IFC Market offers a good deal of variety. For specialist trading, it provides access to its own custom trading platform as well as the MetaTrader suite of products from MetaQuotes. It is difficult to overstate the importance of IFC Markets, despite the fact that there are significant limitations associated with using IFC Markets. These include restrictions on traders from the United States, Japan, and Russia, as well as insufficient regulatory backing. However, the advantages of using IFC Markets' rich selection of features and assortment of assets are difficult to overstate.
IFC Markets, which was established in 2006, is a well-known forex and contracts for difference (CFD) broker that serves more than 185,000 customers from more than 80 countries with high-quality forex and CFD trading. The British Virgin Islands Financial Services Commission (BVI FSC) as well as the Labuan Financial Services Authority (LFSA) in Malaysia are in charge of overseeing the broker.
Forex, equities, indices, commodities, cryptocurrency futures, and synthetic assets are all traded at IFC Markets with great trading platforms such as MetaTrader 4, MetaTrader 5, and the company's own NetTradeX sophisticated platform, all of which were built in-house. The GeWorko Portfolio Quoting Method, developed by IFC Markets, provides customers with a limitless number of trading possibilities. Traders may construct their own synthetic instruments or pick from the PCI Library, which contains synthetic instruments made by industry leaders.
It might be worthwhile to investigate IFC Markets if you are interested in forex trading and are seeking for an online forex broker that also enables you to trade other assets through CFDs. Over the previous two years, the broker has received eight international awards in a variety of categories, the most of which have been for its services in the Asian and Southeast Asian FX and contract for difference markets. IFC Markets also offers a trading service in Canada, and its rates are competitive when compared to those of other Canadian forex brokers.
In addition to its patented GeWorko Portfolio Quoting Method, which enables you to build and trade your own financial instruments, IFC Markets also offers a variety of other capabilities. In addition, you may trade the personal composite instruments developed by the IFC Markets team for you. The index of high-tech companies, gold vs Brent oil, the DJIA versus the euro, and the Russian ruble versus the Japanese yen are all examples of such comparisons.
In addition to currency pairings and exchange-traded funds (ETFs), IFC Markets offers fast transaction execution in over 600 different assets, including stocks, indexes, commodities, and other equities. The following instruments are available for trading in IFC markets:
Trade 49 different major, minor, and exotic currency pairings with variable and fixed dealing spreads at IFC Markets, allowing you to diversify your portfolio. In general, spreads vary based on the account type, with the lowest being 0.4 pips for EUR/USD on the MetaTrader 4 or 5 (MT4/5) platform. Synthetic pairings, which may be generated by you or the IFC Markets staff, are also available for trading.
CFDs on precious metals: You may trade gold, silver, platinum, and palladium against the U.S. dollar and the European Union euro using precious metal CFDs. Additionally, you may build synthetic combinations of currencies, such as silver versus the Australian dollar, Japanese yen, or Mexican peso, and gold against the Australian dollar, Swiss franc, Japanese yen, or Russian ruble.
You may trade a broad selection of commodity futures contracts (CFDs) with IFC Markets, such as energy, metals, grains, soft commodities, cattle, pigs, and cotton futures. You can also trade commodity CFDs that do not have an expiry date, such as gold and silver. Trading commodity futures with no expiry date, as well as synthetic instruments combining a number of commodity futures contracts with major and minor FX currencies, as well as many indices, are all options available on a number of different exchanges and marketplaces.
ETFs: IFC Markets enables its customers to trade exchange-traded funds (ETFs) such as the SPDR Gold Trust (ETF-GLD), the iIShares U.S. Real Estate ETF, the SPDR S&P 500 ETF Trust, and the iIShares 20+ Year Treasury Bond ETF, among other products.
The trading of cryptocurrency contracts for difference (CFDs) is possible with a modest spread ($50 for BTC), 1:8 leverage, and minimal minimum volumes. While Bitcoin and Ethereum are now accessible, other cryptocurrencies will be introduced in the near future.
CFTC-delivered crypto futures: Through IFC Markets, you may trade Bitcoin futures with three distinct expirations, including the near-term expiry as well as the following two futures expirations.
Synthetic instruments: You may trade synthetic instruments built using IFC's Personal Composite Instrument (PCI) technology, which is available for purchase. These assets include currency indexes in a range of currencies, as well as stock indices in the financial, healthcare, industrial, non-cyclical, and Russian sectors.
IFC Markets offers its customers some of the greatest customer service alternatives available in the business, and the company has developed its own Customer Relationship Management (CRM) software, which provides clients with outstanding assistance. IFC also offers a blog as well as comprehensive technical assistance for Autochartist, which includes access to specialist advisers.
In addition to its versatile website, which is accessible in 19 languages, the broker provides multichannel live service 24 hours a day, five days a week in 12 languages. You may reach out to IFC through Live Chat, email, Skype, Facebook Messenger, WhatsApp, Telegram, Discord, Instagram, and Signal, to name a few communication methods. If you are located in the United Kingdom or Canada, you may contact the broker by phone or request a callback from them.
In the case of foreign exchange transactions, dealing spreads at IFC start at 0.4 pips for floating spread accounts and 1.8 pips for fixed-spread accounts, with spreads increasing based on the trading platform and currency pair. Trading in CFDs is subject to a minimum fee of 0.1 percent of the total amount traded, which is equal to $0.02 per share for equities in the United States. For additional information about stock commissions in other markets, please visit this page.
For NetTrade novice or MT4/5 micro accounts, no minimum deposit is necessary; however, a minimum deposit of $1,000 is required for ordinary NetTrade or MT4/5 accounts. For more information, visit www.nettrade.com. Indicators of leverage are based on the kind of account and the instrument traded.
To fill your IFC Markets account, you may use a Visa or Mastercard bank card, an international bank transfer, Perfect Money, Boleto, Pasargad Novin, TopChange, Bitwallet, WebMoney, Unistream, or Bitcoin to make a deposit into your account. Depending on the deposit type, some deposits are handled quickly, while others take 2 or 3 days to be processed.
In spite of the fact that IFC Markets does not have its own mobile application, all of its supported trading platforms (MT4/5 and NetTradeX) are available on both the iOS and Android platforms. In addition, Windows Phones are capable of connecting to the NetTradeX platform. There are web-based and desktop versions of the MetaTrader platforms available.
IFC Markets offers reasonable trading spreads to its customers, as well as great customer service and support. Besides technical and fundamental research supplied by the broker's own experienced staff, clients of IFC Markets may take use of complimentary support for AutoChartist, which delivers visual market analysis, interesting content, and risk management aid.
Additionally, the broker's website has an extensive market education component in addition to its high-quality trading platforms, which include MT4 and MT5. As a result, IFC Markets is an excellent choice for starting and new traders. Other benefits include Islamic accounts, a comprehensive analytics area, and a free trial account, which allows you to evaluate IFC's offers and practise your trading skills before signing up.
For those interested in learning more about the IFC user experience, the broker offers support for the popular MT4/5 trading platforms as well as a simple, easy-to-navigate website that gives customers with all of the information they need to get started trading. As an additional option, you may open a free demo account, which will enable you to evaluate the broker's services and establish a trading strategy. In addition, IFC Markets has a comprehensive teaching part that should prove to be quite beneficial to new traders.
Overall, IFC Markets is a good pick among the FX and CFD brokers now accessible, and although it does not have a major regulator, it does have three smaller regulators, making it a truly global broker. In addition to a diverse selection of tradeable assets and competitive dealing spreads, IFC offers a number of additional benefits, including impressive promotions and the ability to create your own synthetic assets and trade them. These features help to make this popular broker suitable for both novice and experienced traders.
Check out the market lesson on the broker's YouTube channel to get a better understanding of the benefits of trading via IFC Markets.
IFC Markets is a multi-currency and CFD broker with over a decade of expertise in the industry. IFC Markets is governed and licenced by a small number of international bodies, including the European CySEC and the British Virgin Islands Financial Services Commission.
International Financial Center (IFC) Markets is the primary trademark of the International Financial Center Group, whose member firms have been engaged in the creation and execution of novel and successful initiatives in the area of financial technology for more than ten years.
In addition to providing excellent trading conditions for professional traders, IFC Markets is also an international financial company.
Forex, precious metals, index and stock CFDs, commodity and commodity-futures CFDs, exchange-traded funds (ETFs), cryptocurrency and gold instruments are among the more than 600 trading instruments available.
Best Execution — low fixed and floating spreads, as well as instantaneous execution
The revolutionary Portfolio Quoting Method provides the chance to design one's own synthetic instruments, conduct research, and trade them in the market. Additional services include the ability for customers to trade instruments (which have been developed by the analysts of IFCM) from the Library of Synthetic Instruments.
Professional online assistance in 18 languages is available 24 hours a day, seven days a week.
Trading solutions that are second to none NetTradeX's professional platform, which includes comprehensive analytical tools, as well as the popular MetaTrader 4 platform, which includes the WebTerminal and MultiTerminal, and MetaTrader 5 platform, are all available.
It provides an attractive partnership programme with commissions ranging from 10$ to 15$ each regular lot, with commissions beginning at 10$ and rising to 15$.
Interest on free margin of up to 7% per year is possible.
All instruments are available with leverage up to 1:400, with the exception of CFDs on ETFs, stocks, and commodity futures, which are available with leverage up to 1:40.
AIG EUROPE LIMITED provides fund insurance.
Providing clients with top-level services, including a steadily increasing number of trading instruments, the ability to trade without requesting permission, regardless of the volume of trades you are performing, instant execution of all order types, low spreads and the availability of technical support within a few minutes to any location in the world, is the primary goal of IFC Markets.
IFCM Cyprus Limited is a company recognised by the Cyprus Securities and Exchange Commission (CySEC) with registration number 147/11.
IFCMARKETS. CORP. is a BVI FSC registered company with registration number SIBA/L/14/1073.
IFC Markets has been providing trading services to more than 165k+ customers for more than a decade, offering an endless number of trading products and multiple options. IFC Markets, on the other hand, is a member of the IFCM group of enterprises, which is engaged in the development of projects in the area of financial technologies in accordance with the standards set out by international law for the provision of financial services.
Trading at the IFC Markets is primarily focused on CFDs, but there is also a broad variety of trading instruments and platforms available, which we will examine in further depth in our IFC Markets Review.
Despite the fact that IFC Markets, a Cyprus-based broker, offers an appealing and regulated proposition, worldwide coverage is provided via other firms in the British Virgin Islands and Malaysia Labuan.
IFC Markets offers regulated CFDs trading, excellent education via the Academy, the MT4 and MT5 platforms, as well as proprietary software, fast account setup and a free Demo account, low prices, and a large selection of instruments, among other features and benefits.
Cons include the fact that support is not accessible 24 hours a day, seven days a week. Conditions may differ depending on the entity, and there is a deposit charge to pay.
Since IFC Markets is regulated by the European authority CySEC, we believe it to be a safe broker with reduced risk. CySEC requires rigorous adherence to laws, and the firm has been granted permission to do investment activity by the authorities, which they also control. The IFC Markets, on the other hand, is a brand name that is used by two existing firms, IFCMARKETS. CORP. and IFCMARKETS. LTD., both of which are incorporated in the British Virgin Islands and are registered and licenced by the British Virgin Islands Financial Services Commission (BVI FSC).
Despite the fact that the jurisdiction is offshore, where we always recommend exercising caution due to the lack of control over financial firms, IFC Markets has established an additional entity, the IFCM CYPRUS LIMITED, which is a Cyprus Investment Firm registered under the supervision of the Cyprus Securities and Exchange Commission (CySEC).
As a CySEC broker, IFCM CYPRUS LIMITED is also a member of the ICF (Investor Compensation Fund) and conforms with the European Commission's MiFID, which authorises the provision of investment services within the European Economic Area (EEA) in a safe manner.
In general, IFCMARKETS. CORP. ensures the safety of its clients in a variety of methods, including money segregation, participation in schemes, and the holding of Professional indemnity for Financial Institutions Insurance with AIG EUROPE LIMITED.
With leverage, you may trade a significant amount of money because of its potential to amplify the beginning balance and, therefore, the amount of money you have to invest in the transaction. However, the likelihood of making a profit or suffering a loss grows in tandem, making it critical to understand how to employ leverage effectively.
The degrees of IFC leverage are defined by legislative constraints as well as your personal residency in one nation or another throughout the world. As a result, be careful to double-check the criteria that apply in your area as well as any other relevant legislation.
Leverage is limited to 1:30 while trading with European IFC Markets company, with the maximum leverage level fixed at 1:30 for forex products.
Trading with overseas branches may provide you with access to high leverage, up to a maximum of 1:300.
There are three account types: Standard, Beginner, and Demo account, each having a balance currency of USD, EUR, JPY, and uBTC, allowing for simple transfers. Fixed or floating spreads are available on each of the trading platforms, depending on the trading platform. Improved circumstances, as well as a reduction in maximum leverage to 1:200, are provided by higher-grade accounts, which demand deposits of at least $1,000.
In addition to genuine trading accounts, the IFCM provides a free Demo account, which runs with virtual cash and is meant for learning or for the functional purpose of testing trading techniques, among other things.
Additionally, you may qualify for VIP membership, which gives you access to a variety of benefits such as flexible trading conditions, special personal instruments, free VPS access, no commissions on deposits and withdrawals, and much more.
Trade 50 currency pairs with fast order execution at IFCM, 400+ stock CFDs (with 100 percent dividend adjustment and up to 1:30 leverage) at IFCM, 19 commodity futures with no expiry at IFCM, 4 ETF traded on the NYSE at IFCM, and CFDs on Cryptocurrencies at IFCM.
Customers' orders are automatically sent to the interbank market by IFC Markets, which uses a pricing model and quotations given by bank-liquidity providers that are integrated into the platform.
When it comes to CFD trading, IFC Markets accepts traders of all types and provides a competitive trading strategy and spreads. You may pick between a fixed and floating spread depending on your requirements.
As a result, the spreads available vary based on the account type you pick, as well as on the platform you use.
Always consider the expense of a rollover or overnight fee, which is imposed on positions maintained for more than a day and is based on whether you are selling or purchasing instruments. Quotations are charged or reimbursed in accordance with the exact measure indicated on each instrument; for an example, see the table below.
Customers who practise the Islamic faith may also create an Islamic Trading Account, which does not include the calculation of Swaps or commissions.
There is a wide variety of payment options available from world-renowned payment providers, and the IFCM allows wire transfers, bank cards, WebMoney, Skrill, Neteller, OKPAY, Unistream, and transfers between one's own trading accounts, among others.
When it comes to IFC Markets, what is the minimum deposit required? The minimum IFC Markets account opening requirement is one dollar to establish a Beginning account that is based only on demand for floating or fixed spread (Find the best fixed spread forex broker by following this link) forex trading. The deposit minimums vary depending on the financing type, as well as whether or not fees are charged on the transaction.
IFC Markets recently ran a deal in which they waived all deposit and withdrawal fees. But this is relevant to specific IFC Markets withdrawal methods, which you should confirm with customer support since there are some variances between the withdrawal methods available in different countries of origin. Some deposits are subject to additional processing costs, while others, such as credit card payments, are provided free of charge.
Withdrawals may be made using the same ways as deposits, as well as the commissions that are applied to option trades and the minimum amounts that are permitted for transfer, which are determined by each provider. For example, card transfers have a minimum of 10$ and a 2 percent Plus 7.50$ commission on top of that, but CashU has no costs.
The trading platforms available include the widely used MetaTrader4 and MetaTrader5, as well as NetTradeX, which is a next generation trading station licenced by IFCM for use in the forex market.
Because market leaders MT4 and sophisticated MT5 do not need extensive introduction, it is likely that they do not require any more explanation. These platforms provide a complete feature set that includes multiple trading options, trading automation, and the availability of a MultiTerminal.
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Consequently, another alternative is to make use of NeTradeX, which is powerful software that is well suited for professional traders, allowing them to trade using the GeWorko Method's unique features, such as the building of their own instruments, Portfolio Trading, and so on. The selection of instruments includes both regular instruments as well as synthetic instruments produced by specialists, as well as the option to design your own instrument.
With the exception of the standard tasks, the trading terminal also offers automated trading with Advisors, as well as a graphical interface for managing positions and orders, as well as custom indicators and service utilities.
In this way, you may choose to work either alone or jointly on the NetTradeX Advisors or on both terminals simultaneously as a main and secondary one. It is possible to use manual mode or set up the algorithms with the given code since NetTradeX Advisors has an integrated language that complements the capability of the main terminal. This is a very advantageous chance that should not be passed up.
Platforms are also available in a web-based format, although they provide less capability and a more limited tool set than their desktop counterparts. Meanwhile, it is useful for monitoring and for learning the fundamentals of trading methods, and it is absolutely worth considering.
There is also the possibility to utilise the platforms on a variety of devices, including mobile apps for iOS and Android smartphones. This is an excellent feature.
In contrast, the customer assistance is offered in 18 languages due to the continual availability of representatives and the variety of contact methods made available by IFC Markets' formed organisations.
Because the trading environment is not the only factor that influences a trader's ability to succeed, the broker realises the need to assist and educate their customers in a variety of settings. There are a variety of educational tools available via the Online Trading Academy including video lessons, books and glossaries, as well as daily technical analysis and analytical films created by industry specialists.
Overall, the IFC Markets is a well-developed network of enterprises that enables access to trade on a full variety of trading instruments, including forex and CFDs, as well as freshly introduced markets and a diverse portfolio. Business model is built on transparent and trustful relationships with customers, which are achieved by proven STP execution on a variety of platforms, including a unique platform with significant capabilities. Furthermore, the broker provides you with educational materials and customer assistance in a variety of languages, as well as a variety of accounts to pick from.
Learn more about online trading brokers for UAE citizens and residents.
Sites like IFC Markets in the UAE
Here is a list of top online brokers to open an account for trading Forex, Bitcoin, CFDs and Stocks in the UAE. These brokers have above-average reviews on sites like Reddit, Quora and Trustpilot; and are totally legit, safe and trustworthy for UAE citizens and residents.
The brokers listed on this webpage accept clients from within the United Arab Emirates. Most of these companies provide an online trading platform for fiat currencies (such as Pound Sterling, the Euro, the US dollar, Japanese Yen etc.), buying and selling of cryptocurrencies (for example Bitcoin, Ethereum, Tether, XRP etc.), stocks (this includes listings on Abu Dhabi Securities Exchange, Borse Dubai, Dubai Mercantile Exchange, Dubai Financial Market and NASDAQ Dubai), CFDs (Apple, Microsoft, Amazon, Google, Tesla etc.), UAE government and corporate bonds, and short-term to long-term fixed income securities.
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- OANDA - American broker that is now spreading its wings. (OANDA Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- ADSS - Based out of Abu Dhabi and regulated by the Central Bank of the United Arab Emirates. (ADSS Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- Orient Finance - Local online-trading broker that caters to novice traders looking to invest in the foreign exchange markets. (Orient Finance Review)
- Alfa Financial - Their office is located at City Centre Deira on Port Saeed Road; and generally tends to attract investors within Dubai. (Alfa Financial Review)
- One Financial Markets - Local forex broker with an office at Dubai International Financial Centre at Index Tower. (One Financial Markets Review)
- Amana Capital - A broker located at Central Park Towers, Dubai International Financial Center. (Amana Capital Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Century Financial - Old online-trading broker with an office at Level 6, Building 4, Emaar Square, Downtown Dubai. (Century Financial Review)
- IFCM UAE - Nothing special about IFC Markets, but it does have a dedicated .AE website for UAE clients. (IFCM UAE Review)
- EARNEX - This one is present at Jumeirah Lakes Towers and is licensed by the SCA. (EARNEX Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- Gulfbrokers ae - Dubai Multi Commodities Centre (DMCC) regulates this broker, but there nothing extraordinary about this brand. (Gulfbrokers AE Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)