Company Summary
No data
WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
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LINE FX , IFS Markets Broker Comparison
Do you want to know which is the better broker between LINE FX and IFS Markets ?
In the table below, you can compare the features of LINE FX , IFS Markets side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Benchmark
- Account Information
- Relevant exposure
- Rating
- Basic Information
- Benchmark
- Account Information
- Relevant exposure
2 brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions
(ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
- Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
- Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Pin on the left
7.74
Regulated
No guarantee
--
--
5-10 years
FSA
Not supported
Not supported
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Pin on the left
1.54
Suspicious Clone
No guarantee
--
5-10 years
ASIC
Supported
Not supported
--
A
A
503.9
297
297
296
1027
1027
547
B
EURUSD：-1
EURUSD：1.8
2
-2
2
B
EURUSD：8.61
XAUUSD：34.2
A
EURUSD： -6.82 ~ 1.61
XAUUSD： -32.73 ~ 18.7
A
0.2
22.8
Standard,PRO
Forex,Indices,Commodities
$0 AUD
400:1
--
100.00
Variable
0.01
--
Score
Regulatory Status
Regulated
Suspicious Clone
BrokerRelevant information
IFS Markets BrokerRelevant exposure
Which broker is more reliable?
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 line-fx, ifs-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:
Forex broker introduction
line-fx
| LINE FXReview Summary | |
| Founded | 2018 |
| Registered Country/Region | Japan |
| Regulation | FSA |
| Market Instruments | Currency pairs |
| Demo Account | / |
| Leverage | / |
| EUR/USD Spread | From 0.3 pips |
| Trading Platform | LINE FX APP, LINE FX Pro |
| Min Deposit | / |
| Customer Support | AI Chat, Contact form |
LINE FX was registered in 2018 in Japan, which specializes in forex trading. It uses its own trading platforms, and does not support MT4 or MT5. Moreover, it is regulated by the Financial Services Agency (FSA) in Japan. However, it does not reveal much information about account details.
Pros and Cons
| Pros | Cons |
| Regulated by FSA | Only forex trading |
| Promotions provided | Limited info on trading conditions |
| No MT4 or MT5 | |
| Limited payment options | |
| Limited contact channel |
Is LINE FX Legit?
Yes, LINE FX is regulated by the Financial Services Agency (FSA) in Japan.
| Regulated Authority | Current Status | Regulated Country | License Type | License No. |
| Financial Services Agency (FSA) | Regulated | Japan | Retail Forex License | 関東財務局長（金商）第3144号 |
WikiFX Field Survey
WikiFX field survey team visited LINE FX's regulatory address in Japan, and we found its physical office.
Spread
For the EUR/USD pair, the spread can be as low as 0.3 pips.
Trading Platform
LINE FX uses 2 trading platforms, including LINE FX APP and LINE FX Pro, and it does not support MT4 or MT5.
| Trading Platform | Supported | Available Devices | Suitable for |
| LINE FX APP | ✔ | Mobile | / |
| LINE FX Pro | ✔ | PC | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
As for deposit options, customers can choose Quick Deposit or Bank Transfer Deposit. However, other details, such as the processing time, fees, and minimum deposit or withdrawal, are not clear.
ifs-markets
Note: IFS Markets's official website: https://www.ifsmarkets.com/ is currently inaccessible normally.
| IFS Markets Review Summary | |
| Founded | 2023 |
| Registered Country/Region | Australia |
| Regulation | Suspected Fake Clone |
| Market Instruments | Forex, Indices, Commodities |
| Demo Account | Not Mentioned |
| Leverage | Up to 1:400 |
| Spread | Starting from 0.0 pips |
| Trading Platform | Meta Trader 4 |
| Min Deposit | $100 |
IFS Markets Information
IFS Markets is an online forex and commodities trader, founded in 2008 and is headquartered in Sydney, Australia. IFS Markets offers many tradable instruments including forex, indices, commodities, etc, via its Standard Account or the Professional Account. It has a high leverage of up to 1:400. However, it is a Suspected Fake Clone.
Pros and Cons
| Pros | Cons |
|
|
|
|
|
Is IFS Markets Legit?
IFS Markets had a Market Making(MM) regulated by the Australian Securities and Investments Commission (ASIC) in Australia with a license number of 323193, but currently, it is a Suspected Fake Clone.
| Regulatory Status | Suspected Fake Clone |
| Regulated by | Australia |
| Licensed Institution | FTX AUSTRALIA PTY LTD |
| Licensed Type | Market Making(MM) |
| Licensed Number | 323193 |
What Can I Trade on IFS Markets?
The company provides investors with popular tradable instruments including forex (providing 45 pairs of various mainstream and cross-currency exchanges), indices (from 14 popular stock indices on the world's largest stock market), commodities (gold, silver, crude oil), etc.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrency | ❌ |
| Shares | ❌ |
| Metals | ❌ |
Account Type
IFS Markets provides two types of accounts, including the Standard Account and the Professional Account for clients. The minimum deposit for Standard Accounts is $100, and the minimum deposit for Professional Accounts is $300.
Leverage of IFS Markets
IFS Markets's maximum leverage available for forex products ranges from 1:1 to 1:400. For gold, the maximum leverage is 1:100, while for silver, it's 1:50.
IFS Markets Fees
IFS Markets's standard account does not charge commissions, only the spread fee, and the main spread starts at 1.1 pips. The spread of the pro accounts starts at 0 pips, and $7 will be charged per 10,000 contracts. Swap rates are a cost. See the following swap rates table:
| ITEM | LONG | SHORT |
| EURUSD | $5.28 | $0.20 |
| GBPUSD | $5.27 | $3.86 |
| AUDUSD | $3.65 | $2.79 |
| USDJPY | $2.12 | $4.50 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Meta Trader 4 | ✔ | PC and Mobile | Investors of all experience levels |
Deposit and Withdrawal
IFS Markets charges a minimum deposit of $100. The fees of IFS Markets depend on the Deposit/Withdrawal Options you choose. You can refer to the table for details.
| Deposit/Withdrawal Options | Fees | Processing Time |
| Credit/Debit Cards (AUD, USD, JPY, EUR, NZD, BGP, CAD, SGD) | 2% deposit fee | Instant |
| Online Banking (RMB, THB, IDR, MYR, VND) | Free | 1-2 business days |
| Wire Transfers (AUD, USD, SGD, BGP, EUR) | Free | 2-5 business days |
| E-wallets (Skrill, NETELLER, Fasapay) | Varying fees | Varying processing times |
| Bitcoin | 1.5% fee | Instant |
Are the transaction costs and expenses of line-fx, ifs-markets lower?
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 line-fx and ifs-markets are, we first considered common fees for standard accounts. On line-fx, the average spread for the EUR/USD currency pair is -- pips, while on ifs-markets the spread is --.
Which broker between line-fx, ifs-markets is safer?
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.
line-fx is regulated by FSA. ifs-markets is regulated by ASIC.
Which broker between line-fx, ifs-markets provides better trading platform?
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.
line-fx provides trading platform including -- and trading variety including --. ifs-markets provides trading platform including Standard,PRO and trading variety including Forex,Indices,Commodities.