No data
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Do you want to know which is the better broker between Axi and IFC Markets ?
In the table below, you can compare the features of Axi , IFC Markets side by side to determine the best fit for your needs.
EURUSD:9.1
XAUUSD:18.78
EURUSD: -5.51 ~ 2.14
XAUUSD: -35.26 ~ 16.96
--
--
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of axicorp, ifc-markets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Axi's the real deal, all regulated, with a bunch of over 220 trading options, forex, CFDs for stocks, indices, commodities, and even cryptocurrencies – they're all on the menu. They start at a $0 deposit, offer competitive spreads from 0.0 pips on major currencies, and here is the cool part: using ECN execution for direct market orders. As for the platform, it's none other than the legendary MetaTrader 4. With a touch of pride, they claim to have served more than 600,000 traders across 100 countries. Want to see if Axi's trading environment lives up to its claims? Time for some exploration!
Taking a look at Axi, we spot its share of upsides and downsides. Let's start with the bright side, it's got the backing of multiple solid financial authorities, a bunch of instruments you can trade, and they let you practice with demo accounts. Plus, they've got this MT4 platform thing going and some handy tools to help you trade smarter. They even speak different languages for customer support, and moving money in and out is easy, with no extra charges from them.
Now, here's the catch: Axi only works with investors from Australia and New Zealand. And, well, there've been a few stories about people having trouble with their money or some shady stuff.
Pros | Cons |
• Multiple regulation, FCA, ASIC, FMA, DFSA | • Withdrawal problems occurred sometimes |
• Wide range of trading assets and tools | • Trading platform limited to MT4 |
• Multiple account types including demo and Islamic accounts | • No 24/7 customer support |
• No minimum deposit, $0 to start | |
• Flexible trading leverage up to 500:1 | |
• Competitive trading costs | |
• MT4 supported | |
• Various payment methods | |
• Free VPS for the Elite account | |
• Multilingual customer support | |
• Rich educational resources |
Axi Key 10 Points | |
Founded in | 2007 |
Registered Country | Australia |
Regulation | ASIC, FCA, FMA, DFSA |
Market Instruments | Forex, Shares, Indices, Commodities, Cryptocurrencies |
Demo Account | Available |
Leverage | 500:1 |
EUR/USD Spread | From 0.4 pips |
Trading Platforms | MT4, MT4 webtrader |
Minimum deposit | $0 |
Customer Support | 24/5 multilingual live chat, phone, email |
Axi (formerly AxiTrader) was founded in 2007 in Sydney, Australia, and has since expanded its presence to include offices in other regions, including Europe and the Middle East. AxiTrader welcomes all kinds of traders. If you're new and want to start without spending much, the $0 minimum deposit and easy platform are great. If you're more experienced, you'll like the many options to trade, good spreads, and quick execution. And for those inclined towards advanced features, Axi's ECN system and MetaTrader 4 platform are a notable combination.
Considering the pivotal aspect for brokers, that is regulation, it's indeed comforting to note that AxiTrader is under the oversight of regulatory bodies from four distinct nations. Among them, the UK's FCA and Australia's ASIC stand out as internationally acknowledged tier-1 regulatory authorities.
Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
ASIC | Axi FINANCIAL SERVICES PTY LTD | Market Making (MM) | 318232 | |
FCA | Axi Financial Services (UK) Limited | Market Making (MM) | 466201 | |
FMA | Axi FINANCIAL SERVICES PTY LTD | Straight Through processing (STP) | 518226 | |
DFSA | Axi Financial Services Pty Ltd | Retail Forex | F003742 |
Advancing further, let's undertake a more detailed exploration of the regulatory licenses secured by Axi.
Axi's Australian entity, Axi FINANCIAL SERVICES PTY LTD, is regulated by ASIC under regulatory license number 318232, holding a license for Market Making (MM).
Notably, this license's credibility gains support from WikiFX's investigators. They physically traveled to the institution's registered address for thorough verification. At Level 10, 90 Arthur Street, North Sydney, NSW 2060, Australia, they found a functioning office, confirming the broker's operational status and significant scale. Behold, an image capturing the tangible office space of this company.
In addition to being regulated by ASIC, this entity is also regulated by the FMA in New Zealand, with regulatory number 518226, holding a license for Straight Through processing (STP).
Now, let's examine the third license. Axi's UK branch, known as Axi Financial Services (UK) Limited, is overseen by the FCA and has been granted regulatory license number 466201. This license permits them to engage in Market Making (MM) activities as well.
Lastly, Axi also follows regulations from the DFSA in the United Arab Emirates under regulatory number F003742, authorized for Retail Forex activities.
Trading Assets | Available |
Forex | |
Shares | |
Indices | |
Commodities | |
Cryptocurrencies | |
ETFS | |
Stocks | |
Options |
Axi (formerly AxiTrader) gives you access to about 220 trading choices across 5 categories: forex, shares, indices, commodities, and cryptocurrencies. Yet, there are also other popular picks for trading, like ETFs, stocks, and options.
AxiTrader offers three account types tailored to different trading needs, namely Standard, Pro, and Elite. The Standard Account has no setup cost and starts with spreads from 0.9 pips. The Pro Account tightens those spreads to 0.0 pips with a $7 round trip commission, while the Elite Account, designed for advanced traders, features 0.0 pips spreads and a reduced $3.50 round trip commission. All accounts support trading from 0.01 lots, mobile trading, and include MT4 NexGen. Leverage reaches up to 500:1, and you can choose base currencies among AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD. For the Elite Account, a minimum deposit of USD 25,000 is required.
Standard Account | Pro Account | Elite Account | |
Setup cost | Free | ||
Spreads | From 0.4 pips | From 0.0 pips | |
Commission | None | $7 round trip | $3.50 round trip |
Minimum Trade Size | 0.01 lots | ||
Minimum deposit | $0 | $0 | $25,000 |
Products | 140+ FX pairs, Metals CFDs | ||
Pricing | 5 digit pricing | ||
Mobile trading | Yes | ||
MT4 NexGen | |||
Margin/Leverage | Up to 30:1 for Retail Clients | Up to 400:1 | |
Base account currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | USD, EUR, GBP, AUD | |
EA compatibility | Yes | ||
VPS | Free | ||
Autochartist | |||
myfxbook Autotrade | |||
Suitable for | All clients | Wholesale & Professional clients only |
Also, Axitrader gives users free demo accounts that last for 30 days and include $50,000 in virtual funds. Demo accounts offered by Axitrader shine in these areas:
Practice Trading: You get $50,000 in virtual money to practice trading however you like.
Personal Support: You'll have a dedicated Account Manager and support available 24/5 to help you.
Real-Time Info: You can see live spreads on the popular trading platform, MT4.
Live-Like Demo: The MetaTrader 4 Demo account mimics the real market, so you can practice effectively.
Switch to Real: When you're ready, you can turn your demo account into a real one by funding it.
Currency Options: You can choose your account's base currency from options like AUD, EUR, GBP, USD, CHF, and PLNX.
However, base currency cannot be changed once created.
Lastly, they even offer special Islamic trading accounts for Muslim traders that follow Shariah law.
The leverage offered by AxiTrader is capped at 500:1. This means that traders can open positions with a much larger amount than their initial investment. However, high leverage can also lead to significant losses if the trade does not go as expected. Traders should exercise caution and use proper risk management strategies when trading with high leverage. Axi provides educational resources and tools to help traders understand the risks associated with leverage and how to manage them effectively.
Broker | Maximum Leverage | Notes |
Axi | Up to 500:1 | Consistent maximum leverage across different accounts |
Exness | 1:2 to 1:Unlimited | Leverage varies based on account type and trading volume |
IC Markets | Up to 500:1 | Similar maximum leverage to Axi |
Avatrade | Up to 400:1 | Leverage depends on instrument and regulatory requirements |
Spreads and commissions with Axi are scaled with the accounts offered. Specifically, the spread starts from 0.4 pips on the Standard account, and 0.0 pips on the Pro and Elite account.
As for the commission, there is no commission on the Standard account, a commission of $7 round trip on the Pro account, and $3.5 round trip on the Elite account.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
AxiCorp | 0.4 pips | No |
Admiral Markets | 0.5 pips | No |
LiteForex | 0.9 pips | No |
FxPrimus | 0.2 pips | $10 per lot RT |
Note: Spread and commission information is subject to change, and the above table reflects the data available at the time of writing. Please always check with the broker for the most up-to-date information.
Axi offers traders the popular MetaTrader 4 (MT4) platform for desktop, mobile, and web. MT4 is a widely used platform that offers a wide range of charting and technical analysis tools, customizable indicators, and the ability to use automated trading strategies through Expert Advisors (EAs). The MT4 platform is available for download on PC and Mac computers, as well as on mobile devices for both iOS and Android.
Additionally, Axi offers the MT4 WebTrader, which allows traders to access the platform directly from their web browser without the need for any downloads or installations.
Overall, the availability of MT4 on multiple devices and the option to use EAs makes it a popular choice among traders.
Available Devices | PC, Mac, Mobile ( OS and Android) |
Language | English |
Scalping | |
Hedging | |
Automated Trading | |
One-click Execution | |
Web-based Trading | |
Mobile Trading | |
MT5 | |
cTrader | |
Proprietary Platform |
There are a range of trading tools designed to enhance the trading experience for its clients. These include Myfxbook Autotrade, which allows traders to follow and copy the trades of successful traders, MT4 signals which provide real-time trade ideas and analysis, MT4 VPS hosting which offers a dedicated virtual private server to ensure optimal performance and minimal downtime.
Additionally, the broker offers a suite of calculators to help traders with their risk management and trade analysis, such as Profit/Loss Calculator, Pip calculator, and Currency converter. These trading tools can be very helpful for traders to better understand their trades and manage their risk effectively.
AxiCorp | Most Other Brokers | |
Minimum Deposit | $0 | $100 |
AxiTrader stands out from other brokers as they don't require any money to start trading. Here's why it matters:
Easy Access: With no minimum deposit, anyone can join and trade. You don't need a lot of money upfront.
Less Risk: Starting with $0 means you're not risking much. It's great for beginners or anyone cautious about investing.
You Decide: You're in control. You can put in as much as you're comfortable with.
No Pressure: You don't feel pushed to deposit a certain amount. It's more relaxed and beginner-friendly.
Learn and Experiment: You can try different strategies and learn without needing a big investment upfront.
Axi welcomes traders to fund their accounts through the following payment methods: credit/debit cards, POLi and Bank Transfers, Skrill, Neteller, Fasapay, POLi, Cryptos, with no fees charged by Axi for any payment method. However, traders should be aware that some international banking institutions may charge fees for transfers, for which Axi accepts no responsibility.
Please also note that payments to Axi via credit/debit cards may be viewed as a cash advance by some banks, potentially incurring additional fees. Deposits made via credit/debit cards and POLi are processed instantly, while bank transfer deposits and withdrawals can take 1-3 business days to be processed.
Payment Methods | Currencies | Minimum Deposit | Minimum Withdrawal | Fee | Time |
AED, CAD, EUR, GBP, JPY,NZD, PLN, SGD, USD | 5 USD | N/A | Free* | Instant | |
AED, CAD, EUR, GBP, JPY,NZD, PLN, SGD, USD | 5 USD | N/A | Free* | Instant | |
CAD, EUR, GBP,PLN, USD | 5 USD | 5 USD | Free* | Instant | |
AUD, CAD, CHF, EUR, GBP,HKD, JPY, NZD, SGD, USD | N/A | 50 USD | Free | 1-3 days | |
AED, CAD, EUR, GBP,INR, USD | 5 EUR | 5 USD | Free | 1-3 days | |
Vary depending on countries | Free | 1-3 days | |||
IDR, USD | 5 EUR | 5 USD | Free | 1-3 days | |
N/A | 30 USD | 50 USD | Free | 1-3 days | |
N/A | 30 USD | 50 USD | Free | 1-3 days | |
BRL | 50 BRL | N/A | Free | Up to 12hrs | |
AUD | 5 AUD | N/A | Free | Instant |
Remember, these fees can change and might be different based on how you're making the payment. To stay updated, it's a smart move to reach out to the broker and get the most recent fee details before you decide to deposit or withdraw any funds.
Axi's customer service is comprehensive and available 24/5 in multiple languages, with live chat, phone, email, WhatsApp, and a help center. This means that clients can easily get in touch with the Axi support team whenever they need assistance or have any questions. The availability of multiple communication channels ensures that clients can choose the most convenient way to contact support.
Additionally, the Help Center offers a range of resources and frequently asked questions that can help clients find answers to their questions quickly and efficiently.
Overall, Axi's customer service is considered reliable and responsive, with various options available for traders to seek assistance.
Pros | Cons |
• 24/5 multilingual live chat support | • No 24/7 support |
• Help Center available | • No social networks |
• Customer service representatives are knowledgeable and friendly |
Axi makes learning easy with a variety of educational resources. If you're using the MT4 platform, their step-by-step video tutorials are there to guide you. They also offer Free eBooks, covering everything from basics to advanced topics. Stay updated on market trends through the Axi Blog, which features expert insights and daily analysis. For structured learning, the Axi Academy provides courses on forex, technical analysis, and risk management. If you're diving into cryptocurrencies, the Crypto Glossary will help you grasp the terms.
Educational Contents | Offered |
MT4 Video Tutorials | |
eBooks | |
Blog | |
Axi Academy | |
Crypto Glossary | |
Trading Glossary | |
Webinars |
All things considered, Axi is a well-regulated and reputable broker that offers a wide range of markets and instruments for trading, including forex, shares, indices, commodities, and cryptocurrencies. They also offer multiple account options, free demo accounts, and leverage up to 500:1. In addition, their MT4 trading platform is robust and feature-rich, with various tools and resources to support traders.
However, there have been reports of issues with withdrawals and scams. Overall, Axi is a good choice for experienced traders (Australian and New Zealand residents only) who are looking for a diverse range of trading opportunities and who prioritize a broker's reputation and regulation.
Q1: Is AxiCorp regulated?
A1: Yes. It is regulated by Australia Securities & Investment Commission (ASIC).
Q2: Does Axi accept US investors?
A2: No, Axi does not accept US investors.
Q3: Does AxiCorp offer demo accounts?
A3: Yes, demo accounts are available.
Q4: Does Axi offer the industry-standard MT4 & MT5?
A4: Yes. Axi only supports MT4.
Q5: What is the minimum deposit for AxiCorp?
A5: There is no minimum initial deposit requirement.
Q6: Is AxiCorp a good broker for beginners?
A6: Yes. AxiCorp is a good choice for beginners because it is regulated well and offers various trading instruments with no minimum deposit requirement and competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
IFC Markets Review Summary in 10 Points | |
Founded | 2006 |
Registered Country/Region | Cyprus |
Regulation | CYSEC (exceeded), FSC (offshore regulatory), LFSA (suspicious clone) |
Market Instruments | Currency Pairs, Precious Metals, Continuous Index CFDs, Stock CFDs, and Cryptocurrency CFD |
Demo Account | Available |
Leverage | 1:400 |
EUR/USD Spread | Fixed (from 1.8) and Floating (from 0.4) Spreads |
Trading Platforms | NetTradeX, MT4, MT5 |
Minimum deposit | $1 |
Customer Support | 24/7 multilingual live chat, phone, email |
IFC Markets is an international online broker that provides a wide range of financial instruments and trading services to clients worldwide. The company offers various trading instruments, including currency pairs, commodities, indices, stocks, and cryptocurrencies through multiple trading platforms, including NetTradeX, MetaTrader 4, and MetaTrader 5. However, IFC Markets operates as an unregulated broker, and traders should exercise caution and conduct thorough research before engaging in any trading activities.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
IFC Markets offers a wide range of trading instruments, multiple trading platforms, and educational resources, providing traders with flexibility and opportunities for learning. The availability of various deposit and withdrawal methods, as well as 24/7 customer support, adds convenience for traders.
However, the lack of regulation raises concerns about investor protection and the reported instances of scams and withdrawal issues highlight potential risks. The limited information on spreads and commissions may also make it difficult for traders to assess trading costs accurately.
Pros | Cons |
• Wide range of trading instruments | • Operates as an unregulated broker |
• Multiple trading platforms | • United States, BVI, Japan and Russian residents are excluded |
• Demo accounts and Islamic Accounts/SWAP-free accounts available | • Reports of scams and withdrawal issues |
• Various deposit and withdrawal methods | • Limited information available about specific spreads and commissions |
• Rich educational resources | |
• Multilingual customer support available 24/7 |
Please note that the information provided is based on the available data and may not reflect the complete picture of the pros and cons of IFC Markets. It's always recommended to conduct thorough research and exercise caution when choosing a broker for trading activities.
There are many alternative brokers to IFC Markets depending on the specific needs and preferences of the trader. Some popular options include:
Trading 212 - for traders seeking a user-friendly platform with a wide range of tradable instruments and a commission-free trading model.
TrioMarkets - for experienced traders looking for competitive spreads, multiple account types, and access to various trading platforms.
XGLOBAL Markets - for traders who prioritize competitive pricing, fast execution, and a diverse range of financial instruments for trading.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
IFC Markets is a forex and CFD broker that holds licenses from various regulatory authorities, including CySEC (Cyprus Securities and Exchange Commission), FSC (British Virgin Islands Financial Services Commission), and LFSA (Labuan Financial Services Authority). However, the CySEC license is exceeded, the FSC license is from an offshore jurisdiction, and the LFSA license is a suspicious clone.
It's important to note that having multiple licenses does not necessarily guarantee the safety or legitimacy of a broker. Traders should exercise caution when dealing with brokers that have offshore licenses or licenses from less reputable jurisdictions. It's recommended to conduct thorough research, consider the broker's reputation, and carefully assess the risks before engaging in any trading activities.
IFC Markets provides a wide range of trading instruments to cater to the diverse needs of its clients. Traders can access over 650 instruments, including currency pairs, precious metals like gold and silver, continuous index CFDs, stock CFDs, and cryptocurrency CFDs.
Currency pairs offer opportunities to trade major, minor, and exotic pairs, allowing traders to participate in the global forex market. Precious metals provide an alternative investment option and a hedge against inflation. Continuous index CFDs enable traders to speculate on the performance of popular stock indices, while stock CFDs allow for trading on the price movements of individual company shares. Additionally, the inclusion of cryptocurrency CFDs allows traders to gain exposure to the volatile and rapidly evolving digital asset market.
To meet different types of investors' investment needs and trading experience, IFC Markets offers two live account types. The Beginner account is designed for novice traders and requires a minimum deposit of 1 USD, 1 EUR, or 100 JPY. This account type provides access to a range of trading instruments and features, allowing beginners to start their trading journey with a smaller initial investment.
The Standard account, on the other hand, is suitable for more experienced traders and requires a minimum deposit of 1000 USD, 1000 EUR, or 100,000 JPY. It offers additional benefits and features, including access to more trading instruments, tighter spreads, and personalized customer support.
In addition to live accounts, IFC Markets also offers demo accounts for practice and testing strategies, as well as Islamic Accounts/SWAP-free accounts for clients who adhere to Islamic finance principles. These account options provide flexibility and cater to the diverse needs of traders at different skill levels.
IFC Markets provides its clients with leverage options of up to 1:400. Leverage allows traders to control larger positions in the market with a smaller amount of capital. With a leverage ratio of 1:400, traders can amplify their potential profits or losses by 400 times. While leverage can enhance trading opportunities, it is important to note that it also carries higher risks. Higher leverage increases the potential for both gains and losses, and traders should exercise caution and employ risk management strategies when utilizing leverage.
IFC Markets' offering of high leverage provides traders with the flexibility to adjust their trading strategies and access a larger market exposure, but it is crucial for traders to have a thorough understanding of leverage and its implications before engaging in leveraged trading activities.
IFC Markets offers competitive spreads to its clients. Traders have the option to choose between fixed spreads and floating spreads. The fixed spreads start from 1.8 pips, providing traders with a clear and consistent cost of trading. On the other hand, the floating spreads start from as low as 0.4 pips, allowing traders to potentially benefit from tighter spreads during periods of market volatility or when liquidity is high.
One advantage of trading with IFC Markets is that they do not charge any hidden commissions on trades. This means that traders can have greater transparency and clarity regarding their trading costs. By offering competitive spreads and transparent fee structures, IFC Markets aims to provide traders with a cost-effective trading environment.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
IFC Markets | fixed spreads from 1.8 pips and floating spreads from 0.4 pips | no hidden commissions |
Trading 212 | from 0.9 pips | $0 |
TrioMarkets | from 0.0 pips | $7 per lot round turn |
XGLOBAL Markets | from 0.1 pips | $0 |
Please note that spreads and commissions can vary depending on market conditions, account type, and trading platform. It is always advisable to check with the broker directly for the most accurate and up-to-date information regarding spreads and commissions.
IFC Markets offers traders NetTradeX, the market-leading MT4 and MT5 trading platforms. Both MT4 and MT5 are the most popular forex trading platforms on the market, and both support iOS, Android, and tablet versions, allowing traders to trade flexibly. NetTradeX is IFC Markets' proprietary trading platform, offering a user-friendly interface and a range of advanced trading tools. It is designed to cater to the needs of both beginner and experienced traders.
MT4 and MT5, on the other hand, are popular and widely used platforms in the industry. They offer comprehensive charting capabilities, advanced order management tools, and a wide range of technical indicators and expert advisors for automated trading.
The availability of multiple platforms allows traders to choose the one that best suits their trading preferences and strategies.
See the trading platform comparison table below:
Broker | Trading Platform |
IFC Markets | NetTradeX, MetaTrader 4, MetaTrader 5 |
Trading 212 | Trading 212 |
TrioMarkets | MetaTrader 4, MetaTrader 5, cTrader |
XGLOBAL Markets | MetaTrader 4, MetaTrader 5, XGLOBAL Mobile Trader |
Please note that this information is subject to change, and it's always recommended to verify the availability of specific trading platforms with the respective brokers directly.
IFC Markets offers a diverse range of deposit and withdrawal options to cater to the needs of its clients. Traders can choose from various methods such as International Bank Transfer, bank cards (Visa/MasterCard), Pasargad Novin, Cryptocurrencies, TopChange, Perfect Money, Boleto, Bitwallet, WebMoney, ADVCash, and Fasapay.
IFC Markets | Most other | |
Minimum Deposit | $1 | $100 |
The minimum deposit and withdrawal amounts, fees, and processing times may vary depending on the chosen method. It is recommended to refer to the provided screenshots or consult the IFC Markets website for detailed information on each payment option.
IFC Markets is committed to providing comprehensive customer support to assist its clients. With 24/7 availability, traders can reach out to the support team through various channels, including 19 languages live chat, phone, email, Skype, WhatsApp, Telegram, Messenger, or by requesting a callback. This wide range of communication options ensures that clients can choose the method that is most convenient for them.
Additionally, IFC Markets maintains an active presence on popular social media platforms such as Twitter, Facebook, Instagram, YouTube, and LinkedIn, allowing clients to stay updated on the latest news and developments. Furthermore, an FAQ section is available on the website, providing answers to frequently asked questions and assisting traders in finding quick solutions to common queries.
Overall, IFC Markets' customer service is considered reliable and responsive, with various options available for traders to seek assistance.
Pros | Cons |
• Multiple communication channels | N/A |
• 24/7 multilingual customer support availability | |
• Live chat support | |
• Social media presence and interaction |
IFC Markets places great emphasis on providing educational resources to support traders of all skill levels. Their educational offerings include a variety of materials designed to enhance traders' knowledge and skills. Video tutorials are available, offering step-by-step guidance on various trading topics. Additionally, Forex and CFD trading books provide in-depth information and insights into market analysis, trading strategies, and risk management.
Traders can also benefit from the Trader's Glossary, which contains a comprehensive list of terms and definitions commonly used in the financial markets. For those who seek a more structured learning experience, the IFCM Trading Academy offers courses tailored to different levels of expertise, including beginner, intermediate, and expert.
On our website, you can see that some reports of scams and unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
In conclusion, IFC Markets offers a diverse range of trading instruments, multiple trading platforms, and educational resources, providing traders with opportunities for growth and flexibility. The availability of various deposit and withdrawal methods, along with responsive customer support, adds convenience to the trading experience.
However, the lack of regulatory licenses and reports of scams and withdrawal issues raise concerns about the safety and reliability of the broker. Traders should carefully evaluate the risks associated with trading on an unregulated platform and consider alternative options with stronger regulatory oversight.
Q 1: | Is IFC Markets regulated? |
A 1: | No. The CYSEC license is exceeded, the FSC license is offshore regulatory, and the LFSA license is a suspicious clone. |
Q 2: | At IFC Markets, are there any regional restrictions for traders? |
A 2: | Yes. It does not provide services for United States, BVI, Japan and Russian residents. |
Q 3: | Does IFC Markets offer demo accounts? |
A 3: | Yes. |
Q 4: | Does IFC Markets offer the industry leading MT4 & MT5? |
A 4: | Yes. It supports NetTradeX, MT4 and MT5. |
Q 5: | What is the minimum deposit for IFC Markets? |
A 5: | The minimum initial deposit to open an account is 1 USD | 1 EUR | 100 JPY. |
Q 6: | Is IFC Markets a good broker for beginners? |
A 6: | No. It is not a good choice for beginners. Though it advertises well, dont forget the truth that IFC Markets is unregulated. |
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive axicorp and ifc-markets are, we first considered common fees for standard accounts. On axicorp, the average spread for the EUR/USD currency pair is 0.4 pips, while on ifc-markets the spread is From 0.4.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
axicorp is regulated by ASIC,FCA,FMA,DFSA. ifc-markets is regulated by CYSEC,FSC,LFSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
axicorp provides trading platform including Standard Account,Professional Account,专业账户 and trading variety including --. ifc-markets provides trading platform including Master-Floating,Demo-Floating,Micro-Floating,Standard-Floating ,Master-Fixed,Demo-Fixed,Micro-Fixed,Standard-Fixed,Demo-Fixed & Floating,Beginner-Fixed & Floating,Standard-Fixed & Floating and trading variety including --.