Our top-rated Forex brokers
Live trading with no deposit
Start trading here
Learn to trade with no risk
Raw spreads & low commissions
Save on conversion fees
Best accounts for Muslim traders
Trade with Direct Market Access
Fixed spreads & instant execution
Find a platform that works for you
Top MT4 brokers in Tanzania
Top MT5 brokers in Tanzania
Top cTrader brokers in SA
The Top TradingView Brokers
Copy professional traders
Trade on the go from your phone
Last Updated On May 12, 2023
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website you agree to our Terms of Service.
IFC Markets is Cypriot Forex broker with regulation from the British Virgin Islands, which is a strange setup – as most Cypriot Forex brokers are regulated by CySEC. Why IFC Markets is not regulated by CySEC is unclear, though its sister company has held CySEC regulation since 2011.
It offers two simple account types, one with a very low minimum deposit is expressly aimed at beginners, and traders can choose between fixed or floating spreads; fixed spreads start from 1.8 pips while floating spreads can get as low as 0.4 pips. IFC supports both MT4 and MT5 as well as its own NetTradeX trading platform and provides a good amount of education and market analysis for new traders.
🏦 Min. Deposit | USD 5 |
🛡️ Regulated By | CySEC, B.V.I FSC, LFSA |
💵 Trading Cost | USD 5 |
⚖️ Max. Leverage | 400:1 |
💹 Copy Trading | Yes |
🖥️ Platforms | MT4, MT5 |
💱 Instruments | Commodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices, Metals |
Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.
Alison joined the team as a writer in 2021. She is the Senior Editor for FXScouts. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, “Let’s Talk Forex,” alongside her colleague, Chris, and has produced over 100 Forex educational videos for the FXScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.
Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.
Find out how IFC Markets stacks up against other brokers.