FOREX.com vs IFC Markets Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of FOREX.com and IFC Markets
| Broker | FOREX.com | IFC Markets |
|---|---|---|
| Rating | 4.1/5 | 4.3/5 |
| Foundation Year | 2000 | 2005 |
| Regulated in Countries | Cayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, Australia | British Virgin Islands, Malaysia |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0.4 points |
| Max Leverage | 1:50 | 1:400 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FOREX.com Review | IFC Markets Review |
FOREX.com is suitable for traders of all levels due to its reliability, wide range of assets, and excellent customer service.
IFC Markets is suitable for traders looking for various trading instruments and platforms but may not be ideal for those who require an ECN account.
FOREX.com Review
FOREX.com is an excellent broker for trading in the Forex and CFD markets. They offer fast execution speeds, a wide selection of currency pairs, and other assets for trading. Their customer service is outstanding, and multiple financial authorities regulate them.
Pros and Cons of FOREX.com
Pros
- Broker with many years of history and a global reputation.
- A variety of deposit methods.
- A wide variety of available markets and products.
- Advanced analytical tools and daily updates from the company's professionals.
- Comprehensive educational materials for all levels of traders.
Cons
- Lack of specialized accounts.
- High transaction fee on DMA Account.
FOREX.com is in the top 10 of the following ratings:
IFC Markets Review
IFC Markets is a reliable and licensed broker, offering a broad spectrum of trading instruments and platforms for investors of various experience levels. With multilingual support and extensive educational resources, the company aims to provide its clients with a comfortable and efficient trading environment.
IFC Markets could be a suitable choice for investors seeking a variety of trading instruments and platforms.
Pros and Cons of IFC Markets
Pros
- A wide range of trading assets.
- Variety of trading platforms.
- Educational materials for traders of all experience levels.
- Tools for creating synthetic tools are available.
Cons
- High swaps.
IFC Markets is in the top 10 of the following ratings:
Reliability
| Broker | FOREX.com | IFC Markets |
|---|---|---|
| Reliability | 5/5 | 4.2/5 |
| Foundation Year | 2000 | 2005 |
| Regulated in Countries | Cayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, Australia | British Virgin Islands, Malaysia |
| Regulators | CIMA CIMA FCA FCA CIRO CIRO CySEC CySEC NFA NFA CFTC CFTC SFC SFC JFSA JFSA MAS MAS ASIC ASIC | BVIFSC BVIFSC LFSA LFSA |
FOREX.com
The company is strictly regulated, has a long-standing market presence, and is open to investors.
Pros
- Broad global regulation.
- Long-term market presence.
- Parent company traded on NASDAQ.
IFC Markets
The broker demonstrates high reliability, confirmed by multi-jurisdictional regulation and professional indemnity insurance.
Pros
- Multi-jurisdictional regulation.
- Insurance against professional liability.
Cons
- Lack of regulation in countries with stricter requirements.
Account Opening
| Broker | FOREX.com | IFC Markets |
|---|---|---|
| Account Opening | 4/5 | 5/5 |
| Minimum Deposit |
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FOREX.com
The account opening process at FOREX.com is quite standard but potentially prolonged due to required verification.
Pros
- Transparent registration process.
- Strict verification for security.
Cons
- Verification may take time.
- A lot of information is required.
IFC Markets
Opening an account with IFC Markets is relatively simple and convenient.
Account Types
| Broker | FOREX.com | IFC Markets |
|---|---|---|
| Account Types | 3.5/5 | 4.3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0.4 points |
| Max Leverage | 1:50 | 1:400 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FOREX.com
FOREX.com offers standard account types that satisfy most traders, but some essential accounts are missing.
Pros
- Direct Market Access account available.
- Demo account for strategy testing.
- The ability to trade on behalf of a company.
Cons
- No cent accounts.
- No Islamic accounts.
- No options for passive investing.
IFC Markets
IFC Markets offers a good selection of accounts that meet the requirements of various categories of traders, though there are some limitations.
Pros
- A wide selection of trading accounts.
- Swap-free accounts for Islamic traders.
- PAMM accounts available.
Cons
- Absence of STP and ECN accounts.
Commissions
| Broker | FOREX.com | IFC Markets |
|---|---|---|
| Commissions | 2.2/5 | 3/5 |
| Spread | from 0.1 points | from 0.4 points |
| Average Spread (EURUSD) | 1.3 | 1.4 |
| Commission per Lot | $6.48 |
FOREX.com
FOREX.com's commissions are above average. Conditions can be improved for traders with high volumes.
Pros
- Potential reduction in commissions with increased trading volume.
- Rebate program for major American traders.
- No fees for deposits and withdrawals.
Cons
- High transaction commission on DMA accounts.
- Inactivity fee.
- High swaps.
IFC Markets
IFC Markets offers competitive spreads, but high swaps can make long-term trading difficult.
Deposit and Withdrawal
| Broker | FOREX.com | IFC Markets |
|---|---|---|
| Rating | 4.3/5 | 4.5/5 |
| Account Funding Methods |
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FOREX.com
FOREX.com provides diverse and convenient methods for depositing and withdrawing funds with low costs and reasonable processing times.
IFC Markets
IFC Markets provides numerous methods for depositing and withdrawing funds without additional commissions, ensuring convenience and savings for traders.
Pros
- Wide choice of deposit and withdrawal methods.
- No broker commissions on financial transactions.
Cons
- Withdrawals can only be made through the same method as deposits.
- Withdrawal requests may take up to 2 business days to process.
Markets and Products
| Broker | FOREX.com | IFC Markets |
|---|---|---|
| Markets and Products | 4.5/5 | 5/5 |
| Forex | 91 | 53 |
| Precious Metals | 16 | 7 |
| Energy Carriers | 14 | 4 |
| Soft Commodities | 22 | 16 |
| Indices | 54 | 12 |
| Stocks | 5500 | 461 |
| ETF | 318 | 4 |
| Bonds | 14 | - |
| Cryptocurrency | 12 | 14 |
FOREX.com
Although its leverage is relatively low, FOREX.com offers an extensive selection of markets and products.
IFC Markets
IFC Markets offers extensive financial instruments, providing flexibility for traders' diverse strategies.
Trading Platforms
| Broker | FOREX.com | IFC Markets |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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FOREX.com
FOREX.com provides a wide choice of trading platforms, including MT4, its proprietary platform, NinjaTrader, and TradingView, supporting all formats - online, desktop, and mobile applications.
IFC Markets
The IFCM platforms include MT4, MT5, and the proprietary NetTradeX terminal, offering a broad selection with advanced features.
Analytics
| Broker | FOREX.com | IFC Markets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
FOREX.com
Analytics at FOREX.com is a powerful tool for traders, providing extensive information and in-depth market analysis.
IFC Markets
IFCM provides a comprehensive analytical toolkit but lacks automated updates for economic news and some tools for self-analysis.
Education
| Broker | FOREX.com | IFC Markets |
|---|---|---|
| Rating | 5/5 | 5/5 |
FOREX.com
FOREX.com offers a rich educational program suitable for all levels of traders, enhancing the user experience.
IFC Markets
The wealth and quality of educational resources presented by IFCM set the broker apart from competitors.
Customer Support
| Broker | FOREX.com | IFC Markets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
Twitter
YouTube
Skype
Telegram
Whatsapp
Messenger
Instagram
LinkedInFOREX.com
FOREX.com provides excellent technical support with fast and professional service, available 24/7.
IFC Markets
Customers highly rate the technical support of IFC Markets for its rapid and professional service, though it is unavailable 24/7.
