IFC market is a forex broker site that was founded in 2008 and its head office is based in British Virgin Island . Being a forex broker, it is able to connect traders around the globe to different trading platforms where they can execute their trade upon depositing some funds to their trading account.
REGULATION
IFC market is well regulated by financial watchdogs across the globe thus making it safe for traders. One of the key financial watchdogs is BVIFSC(British Virgin Island Financial Service Commision).
DEPOSIT AND WITHDRAWAL METHOD
IFC market provides several ways of depositing and withdrawing funds in their platform. Some of them are Bankwire, perfect money, webmoney, visa/mastercard, bitcoin and bitwallet. Deposit can take up to few minutes while withdrawal takes some few minutes or up to 24 hours to some . Traders can deposit as little as $1 to their trading account.
TRADING PLATFORMS
In IFC market platform, there are two trading platforms being offered to traders. There is MT4 and MT5. Traders can use both webtrader as well as they can download the app to their computer or their mobile devices.
CATEGORY OF ACCOUNTS
In IFC market platform, there is only standard account there. This means that in standard account, the funds will be in USD . Hope to see them coming up with cent account in the future.
SPREAD
This is the transaction cost that is being charged by brokers whenever a trader opens a certain position. It is the difference between the buy and sell. In IFC market, there will be a 1.8 pip charged whenever a position is being opened.
MINIMUM LOT SIZE
In forex trading, lot is the amount to be executed by a trader. 1 lot is equivalent to 100,000 units in forex trading. Since there is only standard account, the minimum lot size that a trader can open is 0.01 lot.
MAXIMUM LEVERAGE
This is the borrowing ratio that gives the trader the power to open positions. The maximum leverage that a trader can use in IFC market is 1:400. That is, if the trader has $100 in their account, then he/she can be in a position of opening a position size of up to $40,000 if he chooses to use the leverage of 1:400.
OPENING A TRADING ACCOUNT
Now that you have an idea about IFC market broker, it is time to open a trading account with them. You can simply follow the link from below and open an account and make sure to upload the required documents in order for your account to be verified;
