IFC Markets

Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?

Page content

IFC Markets – how a broker scams money, reviews from ex-users, fraud algorithm

IFS Markets was launched in 2006. Allegedly, the swindlers have over 15 years of experience behind them. But the placed rewards are nothing more than a bluff. Place of registration of IFC Markets is the British Virgin Islands. The scammers have a license from the local financial regulator – BVI FSC. But this is an offshore registration that has nothing to do with reliability.

Status	SCAM
Year of foundation	2006
Affiliate program	Yes
Regulation and jurisdiction	BVI FSC
Website	ifcmarkets.com
Contacts	Country: BVI City: Road Town, Tortola Address: Quijano Chambers Phone: +442039661649

Pros

Russian version of the site
Low entry threshold
Large selection of tools

Cons

Offshore license
Quote manipulation
Problems with withdrawals

Trading Platform	NetTradeX, MT4, MT5
Types of accounts	Standard-Fixed & Floating, Beginner-Fixed & Floating, Demo-Fixed & Floating, Standard-Fixed, Micro-Fixed, Demo-Fixed, PAMM-Fixed, Standard-Floating, Micro-Floating, Demo-Floating, PAMM-Floating, Perfect Money, WebMoney, ADVCash
Currency	USD, EUR, JPY
Deposit/withdrawal	Wire Transfer, Visa, Mastercard, Crypto
Min Deposit	$1
Leverage	1:200
Min. order	0,01
Spread	up 0,4 pips
Financial Instruments	CFDs of currencies, cryptocurrencies, metals, gold pairs, indices, shares, commodity futures, crypto futures, ETFs, synthetic instruments
Bonus	Yes

History of the formation of IFC Markets

IFC Markets was founded in 2006 and since then has strived to build trust between traders, brokers and all financial market participants. It is registered in the British Virgin Islands under number 669838 and is licensed by the British Virgin Islands Financial Services Commission (BVI FSC) to carry out investment activities, and even has a certificate number.

The mission of the organization, according to the words of the project developers, is comfortable and effective conditions for cooperation with traders and investors. IFC Markets’ core values include trust, innovation, openness, accessibility and excellence. The company strives to become a reliable partner for its traders by providing complete information about commissions and maintaining an open channel of communication.

The project celebrates 18 years of work on the market; during this period it has achieved significant success and received more than one award. On the official website of IFC Markets, there is no information about specific company managers.

Of course, we are interested in information regarding licensing in the Russian Federation. After all, it is important to understand the level of reliability for domestic users. Of course, we did not find a license that would be issued by an auditor to a broker. Moreover, on most thematic sites the office is marked as a kitchen.

IFC Markets Technical Support

The company offers the following support contact formats to choose from:

aboutonline chat. Clients can use online chat to quickly communicate with company representatives;
Skype, Telegram, WhatsApp, but when clicking on these links it turned out that the pages are empty or no one responds to messages;
feedback form;
hotline;
several emails;
offices, but judging by the geolocation, shopping centers or business centers are located there. The management, in turn, does not specify the room or office number.

These communication methods provide convenient access to support and information from IFC Markets. But if you believe the reviews, users do not receive due attention. The organization ignores all requests related to the withdrawal of money, the terminal, and in general, managers make contact only if it is directly required by them.

Terms of cooperation with IFC Markets

IFC Markets offers several types of trading accounts with varying terms and conditions, including fixed and variable spreads. Here are the main characteristics of each account type:

Standard-Fixed & Floating. Replenishment from 1 thousand dollars. Leverage: 1:1 – 1:200. Minimum fixed spread: From 1.8 pips. Minimum floating spread: From 0.4 pips. Short margin (Stop out) level: 10%. Minimum transaction volume (forex): 10,000 units. Position accounting system: Hedged/Netting;
Beginner-Fixed & Floating. Replenishment from 1 dollar. Leverage: 1:1 – 1:400. Minimum fixed and floating spreads: From 1.8 pips and 0.4 pips respectively. Short margin (Stop out) level: 10%;
Demo-Fixed & Floating. There is no minimum threshold, leverage 1:1 – 1:400. Minimum fixed and floating spreads: From 1.8 pips and 0.4 pips respectively.

Trading accounts without swaps are available for Islamic clients. There is also a VIP status for accounts with a trading deposit of $50,000 or more. No one discloses the details of such deposits. The IFC Markets review showed over 650 instruments of different groups, without specifying which ones. The company also offers the creation of your own synthetic instruments using the GeWorko method.

Financial transactions

The company supports the following approaches:

minternational bank transfer. Duration is usually from 2 to 3 working days. Your bank’s commission. Minimum deposit amount: 100$ / 100€;
bank cards. The transfer is fast, there are no commissions. Replenishment limit is $100;
cryptocurrency. Transfer time: instantly. There are no commissions, the replenishment limit is $20;
electronic payment systems WebMoney, PerfectMoney, ADVCash. Payment system fees may apply when withdrawing funds.

Here, do not forget about the reviews about IFS Markets, confirming the absence of money withdrawal. The broker delays the process of considering an application for withdrawal of funds by any means, thereby leaving the client without earnings.

Open full review Hide Review

Expert opinion

Eugene Rudenko

IFC Markets is an international regulated broker with 18 years of experience in global financial markets. The company offers its clients more than 650 trading instruments, including currencies, stocks, commodities, metals, indices, ETFs and crypto futures, as well as the ability to create their own synthetic instruments using the exclusive innovative GeWorko method. IFC Markets features instant order execution, low spreads as low as 0.4 pips, and provides fast and secure withdrawal/deposit options starting from $1. The broker is regulated and licensed by the BVI FSC, which emphasizes its reliability and transparency. But the whole legend is fiction and has nothing to do with reality.

Want to spread the word about your company or have you been in a negative review? Contact the portal editorial office right now

Reviews about ifcmarkets.com

We are dealing with very experienced scammers. Since comments about the service date back even to 2018. Apparently management is simply closing the site or rebranding it.

If you look at the comments of ex-clients, they are mainly talking about the lack of withdrawal of money, the terminal slowdown and the boorish behavior of technical support.

It is almost impossible to withdraw money. Look at the history of Margarita and Dmitry, you will be convinced that the application for withdrawal is not being considered.

It happens that a company supposedly transfers money, but no funds are credited to the client’s balance, but simply disappear from the personal account.

Chargeback is an option for getting money back from scammers. The procedure is available to everyone without exception, but is used by only a few. You can consult, just fill out the form. Just write to us.

Conclusion on the IFC Markets project

Below we see the signs of divorce discovered during the analysis of the company:

aboutpromising high incomes with minimal risks, while the company is silent about the risks;
hidden commissions and fees. Study the reviews of ex-clients and make sure of this;
manipulations with the trading platform. In some cases, a firm may manipulate the trading platform, for example by artificially changing prices or delaying the execution of orders;
problems with withdrawal of funds. One of the clear signs of fraud is when a broker artificially prevents the withdrawal of funds, for example, sets unreasonable restrictions or delays the process, ignores messages;
aggressive marketing and pressure on traders. Managers use aggressive sales methods, thereby influencing the decisions of potential customers. Plus, promises of high profit and prospects are used;
lack of license and offshore registration. All this makes the project fake.

Based on these facts, we can safely say that IFS Markets are scammers working according to well-known tactics, which, unfortunately, bring money to scammers even now.

OPEN AN ACCOUNT WITH A RELIABLE BROKER

Ready to start investing? Open an account with a proven broker with the best conditions and favorable bonuses

FAQ

How do client reviews of IFC Markets affect the company's rating?

Customer reviews are one of the main criteria that influences the placement of a broker in the ranking of the best companies. You can see all reviews about IFC Markets on the company profile page.

How to write a review about cooperation with IFC Markets on the Forex Rating website?

Register on the Forex Rating website – it’s free and takes up to 5 minutes, taking into account the registration confirmation via the link that will be sent to your email. Detailed instructions on how to leave a review about IFC Markets can be found here.