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IFS Markets: A Comprehensive Broker Review
Introduction to IFS Markets
IFS Markets, previously known as Forex FS, is a well-established online brokerage firm founded in 2008. The company is headquartered in Australia and boasts a presence in multiple international locations. This comprehensive review will provide you with valuable insights into IFS Markets, its regulatory status, trading instruments, platforms, account types, minimum deposit requirements, and more.
Regulatory Oversight
IFS Markets operates under the robust regulatory framework of various countries, ensuring a secure trading environment for its clients. Here are the regulatory bodies overseeing different entities within the IFS Markets group:
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IFS Markets AU: Located in Australia, this branch is regulated by the Australian Securities and Investments Commission (ASIC). ASIC is known for its strict oversight and investor protection measures, making IFS Markets AU a reliable choice for traders.
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IFS Markets UAE: The United Arab Emirates branch of IFS Markets falls under the regulation of the Dubai Multi Commodities Center (DMCC), adding another layer of credibility to the broker’s operations.
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IFS Markets SVG: IFS Markets also maintains a legal presence in Saint Vincent and the Grenadines and operates under the regulatory authority of the Financial Services Authority (FSA) in that jurisdiction.
IFS Markets is open to clients worldwide, with the exception of residents of the USA, Canada, and Iran.
Leverage
Leverage plays a crucial role in forex trading, and IFS Markets offers varying levels of leverage based on the regulatory environment of the branch. As of the end of March 2024:
- IFS Markets AU adheres to ASIC’s restrictions, limiting leverage to 1:30 for major forex currency pairs.
- Conversely, IFS Markets UAE and IFS Markets SVG enjoy more flexible leverage options, offering a maximum leverage of 1:500.
Trading Instruments
IFS Markets provides a diverse range of trading instruments to cater to the preferences of both novice and experienced traders. These include:
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Forex Currency Pairs: Offering approximately 60 currency pairs with competitive spreads, starting from as low as 0.3 points for popular pairs.
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Commodities and Stock Indices CFDs: Traders can access gold, silver, commodities, energy resources, and a wide range of popular stock indices from around the world.
Trading Platforms
The primary trading platform utilized by IFS Markets is MetaTrader 4 (MT4). MT4 is a well-established and widely-used platform known for its user-friendly interface and comprehensive trading tools. The broker’s website also offers resources and tutorials to assist both new and experienced traders in making the most of MT4.
Account Types
IFS Markets caters to diverse trading needs with the following account types:
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Standard Account: This account requires a minimum deposit of $100, offering competitive spreads for major currencies, no commissions, and leverage of up to 1:400.
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Pro Account: For traders seeking tighter spreads, the Pro account requires a minimum deposit of $300, with spreads starting at 0.3 points. However, a commission of $7 is charged for opening a transaction with a volume of $100,000.
Minimum Deposit
The minimum deposit to open an account with IFS Markets is $100. It’s worth noting that fees may apply for deposits and withdrawals, depending on the selected payment method. On average, deposit commissions are approximately 2%.
Conclusions
In summary, IFS Markets stands out as a regulated forex broker with a strong presence in Australia, the UAE, and Saint Vincent and the Grenadines. The broker’s regulatory compliance, choice of trading instruments, use of the MT4 platform, and account variety make it a suitable option for traders of all experience levels.
Before making a decision, we recommend reading reviews of IFS Markets and exploring our rating of forex brokers to ensure it aligns with your trading preferences and goals.
General Information of IFS Markets
- Broker’s Name: IFS Markets
- Year of Foundation: 2008
- Headquarters: Australia
- Regulation: ASIC (Australia), DMCC (UAE), FSA (Saint Vincent and the Grenadines)
- Trading Platforms: MetaTrader 4 (MT4)
- EURUSD Spread: 0.3 points
- Demo Account: Available
- Minimum Deposit: $100
- Base Currencies: AUD, EUR, GBP, SGD, USD
- Maximum Leverage: 1:500
- Assets: Forex, CFDs, Metals
- Deposit Replenishment: Bank Transfer, Visa/MasterCard, Poli, Skrill, Neteller, FasaPay, BTC
- Withdrawal Fee: None
- Payment for Inaction: None
- Islamic Accounts: Not specified
- Segregated Accounts: Available
- PAMM Accounts: Not specified
- Partner Account: Available
- Scalping: Permitted
- Automatic Trading: Supported
- Mobile Trading: Supported
- Web Terminal: Supported
- Social Trading: Not specified
- Signals: Not specified
- VPS: Not specified
- Deposit Bonuses: Not specified
- Contests: Not specified
- Support: 24/5
