My opinion on IFC Markets
IFC Markets is an established global broker, founded in 2006 and serving over 180,000 traders worldwide, best known for its highly competitive spreads, zero-fee funding/withdrawals, diverse asset lineup (over 600 instruments including FX, Canadian stocks, indices, commodities, and crypto CFDs), and powerful trading platforms like MT4, MT5, and NetTradeX. The platform is regulated offshore (BVI FSC), offering Canadians broad market access and flexibility, though without IIROC or CIPF investor protection. Thanks to its low $1 minimum deposit, flexible account options (including Islamic accounts upon request), unlimited demo access, and fast, responsive support, IFC Markets is a compelling choice for traders who want to access global markets with low fees and advanced tools. On Trustpilot, IFC Markets holds a score of 4.3/5 based on over 550 reviews, testifying to a generally positive client experience. Compared to Canadian competitors, IFC Markets stands out by providing access to markets (CFDs, crypto) and leverage options unavailable with domestic brokers, at the expense of regulatory comfort and some funding method limitations. IFC Markets is particularly attractive for cost-sensitive and globally minded traders who value variety, fast execution, and access to popular MT4 and MT5 tools.
➡️ Cost-sensitive retail traders: With spreads starting near zero, no deposit/withdrawal fees, and a $1 minimum deposit, IFC Markets is an ideal option for budget-conscious traders who want to minimize costs.
➡️ Globally oriented and multi-asset traders: Access to 600+ instruments, including Canadian stocks, crypto CFDs, indices, and commodities, makes IFC Markets appealing to those seeking international market exposure beyond what domestic brokers offer.
➡️ MT4/MT5 enthusiasts and algo traders: IFC Markets supports MT4, MT5, and NetTradeX, making it attractive to traders who rely on technical analysis, EAs (Expert Advisors), or automated trading strategies.
- ✅Extremely low minimum deposit ($1 on Micro accounts)
- ✅Wide variety of instruments: 600+ including forex, Canadian and global stocks, ETFs, indices, commodities, and crypto CFDs
- ✅Competitive spreads (EUR/USD from 0.4 pips; stock/ETF CFDs from 0.03 CAD per share)
- ✅No deposit or withdrawal fees on bank wire transfers for Canadians
- ✅Choice of powerful platforms: NetTradeX, MetaTrader 4, and MetaTrader 5
- ✅Unlimited and free demo account with user-defined virtual funds
- ✅Islamic (swap-free) account option available for Canadian residents upon request
- ✅Fast execution and generally low slippage reported
- ✅Advanced trading features including EAs/robots, custom instruments, and multilingual support
- ✅24/5 client support with local Canadian phone line, live chat, and email
- ❌Offshore regulation only (BVI FSC); no IIROC oversight or CIPF protection for Canadians
- ❌Crypto trading available only via CFDs—no spot crypto, wallet, staking, or lending options
- ❌No card deposits currently available for Canadian clients; limited funding methods
- ❌No native copy-trading or PAMM services available
- ❌Potential overnight fees on CFD positions
- ❌No proof-of-reserves or cold storage for crypto assets (CFDs only)
- ❌No zero-commission real stock or ETF trades—small per-share fees apply
Score- ✅Extremely low minimum deposit ($1 on Micro accounts)
- ✅Wide variety of instruments: 600+ including forex, Canadian and global stocks, ETFs, indices, commodities, and crypto CFDs
- ✅Competitive spreads (EUR/USD from 0.4 pips; stock/ETF CFDs from 0.03 CAD per share)
- ✅No deposit or withdrawal fees on bank wire transfers for Canadians
- ✅Choice of powerful platforms: NetTradeX, MetaTrader 4, and MetaTrader 5
- ✅Unlimited and free demo account with user-defined virtual funds
- ✅Islamic (swap-free) account option available for Canadian residents upon request
- ✅Fast execution and generally low slippage reported
- ✅Advanced trading features including EAs/robots, custom instruments, and multilingual support
- ✅24/5 client support with local Canadian phone line, live chat, and email
My opinion on IFC Markets
- ✅Extremely low minimum deposit ($1 on Micro accounts)
- ✅Wide variety of instruments: 600+ including forex, Canadian and global stocks, ETFs, indices, commodities, and crypto CFDs
- ✅Competitive spreads (EUR/USD from 0.4 pips; stock/ETF CFDs from 0.03 CAD per share)
- ✅No deposit or withdrawal fees on bank wire transfers for Canadians
- ✅Choice of powerful platforms: NetTradeX, MetaTrader 4, and MetaTrader 5
- ✅Unlimited and free demo account with user-defined virtual funds
- ✅Islamic (swap-free) account option available for Canadian residents upon request
- ✅Fast execution and generally low slippage reported
- ✅Advanced trading features including EAs/robots, custom instruments, and multilingual support
- ✅24/5 client support with local Canadian phone line, live chat, and email
- ❌Offshore regulation only (BVI FSC); no IIROC oversight or CIPF protection for Canadians
- ❌Crypto trading available only via CFDs—no spot crypto, wallet, staking, or lending options
- ❌No card deposits currently available for Canadian clients; limited funding methods
- ❌No native copy-trading or PAMM services available
- ❌Potential overnight fees on CFD positions
- ❌No proof-of-reserves or cold storage for crypto assets (CFDs only)
- ❌No zero-commission real stock or ETF trades—small per-share fees apply
Score- ✅Extremely low minimum deposit ($1 on Micro accounts)
- ✅Wide variety of instruments: 600+ including forex, Canadian and global stocks, ETFs, indices, commodities, and crypto CFDs
- ✅Competitive spreads (EUR/USD from 0.4 pips; stock/ETF CFDs from 0.03 CAD per share)
- ✅No deposit or withdrawal fees on bank wire transfers for Canadians
- ✅Choice of powerful platforms: NetTradeX, MetaTrader 4, and MetaTrader 5
- ✅Unlimited and free demo account with user-defined virtual funds
- ✅Islamic (swap-free) account option available for Canadian residents upon request
- ✅Fast execution and generally low slippage reported
- ✅Advanced trading features including EAs/robots, custom instruments, and multilingual support
- ✅24/5 client support with local Canadian phone line, live chat, and email
Why trust Hellosafe?
I took the time to open, fund, and actively trade with IFC Markets, using both their proprietary NetTradeX and the popular MetaTrader platforms. I deliberately tested a range of instruments—forex, stock CFDs, indices, commodities, and crypto CFDs—to see how spreads, execution speed, and platform stability held up throughout the trading day. I also wanted to gauge how responsive and useful customer support is, so I contacted them via both live chat and email with specific account and platform queries.
To keep things balanced, I compared my hands-on experience at IFC Markets against major Canadian brokers such as Questrade and NBDB. While IFC Markets stands out for its very low minimum deposit, broad asset range (including crypto CFDs), and flexible account types (including swap-free), it lacks the Canadian oversight of IIROC or CIPF insurance you get with domestic brokers. Based on real use, I think IFC Markets is most appealing for traders who value asset variety and international platform options, but it requires comfort with offshore regulation and the additional risks that come with it.
These are my personal takeaways to help you understand the real pros, cons, and trading environment at IFC Markets compared to local Canadian alternatives.
IFC Markets at a Glance
| Fonctionnalité | Détail |
|---|---|
| 💰 Dépôt minimum | $1 (Micro account), $1,000 (Standard account) |
| 🛡️ Régulation | BVI FSC (British Virgin Islands Financial Services Commission); no IIROC or Canadian provincial regulation |
| 🪙 Licence crypto | No Canadian crypto licence; offers crypto CFDs only |
| 📄 Enregistrement FSMA | Not registered with FSMA (Belgium); offshore regulation only |
| 📈 Actifs disponibles | 600+ (50+ forex pairs, 300+ stock CFDs, indices, commodities, 10+ crypto CFDs, ETFs/ETF CFDs, metals) |
| 📊 Plateformes de trading | NetTradeX (proprietary), MetaTrader 4 (MT4), MetaTrader 5 (MT5) (desktop, web, mobile) |
| 🛠 Outils de trading | Advanced charting, automated trading, custom instrument creation, economic calendar |
| 🎮 Compte démo | Available, unlimited duration, virtual funds |
| ☪️ Compte islamique | Available on request (swap-free accounts) |
| 📝 Ordres clés | Market, limit, stop, stop limit, trailing stop, GTC, and more |
| ⚖️ Effet de levier | Up to 1:400 (varies by instrument and account type) |
| 💸 Frais | No deposit/withdrawal fees (bank wire); Forex from 0.4 pips; stock CFDs: from $0.03 CAD/share (CA); inactivity fee not specified |
| 📞 Support client | Live chat, email, phone (+27213002005), Telegram, WhatsApp; 24/5 Mon–Fri; English support for CA |
| 🌟 Avis Trustpilot | 4.3 / 5 (550+ reviews, as of July 2025) |
Security and Regulation
IFC Markets provides Canadian traders access to a broad suite of assets—including forex, CFDs, and crypto CFDs—with remarkably low minimum deposits and support for popular platforms like MT4, MT5, and NetTradeX. The broker’s appeal is largely centered on its global market exposure and flexibility in account types, including Islamic (swap-free) accounts. However, the central security trade-off is its reliance on BVI FSC regulation, which is not equivalent to the oversight, client fund insurance, or dispute resolution that come with IIROC and CIPF membership.
Client funds are segregated as per offshore regulatory guidelines, but there is no Canadian government-backed insurance for deposits or investor compensation scheme. For trading crypto CFDs, IFC Markets does not provide proof-of-reserves or cold storage, as positions are synthetic rather than directly held. On the risk management front, IFC Markets supports essential features including stop loss, take profit, negative balance protection, and standard two-factor authentication.
In terms of credibility, IFC Markets has earned a good reputation internationally, particularly with a positive Trustpilot score and user remarks highlighting execution speed and customer service. However, its offshore framework means that it best suits well-informed, risk-tolerant traders who understand the implications of trading without local regulatory safeguards.
| Indicator | Description | Evaluation |
|---|---|---|
| Regulatory compliance | Offshore (BVI FSC); no Canadian IIROC/CIPF oversight or insurance | 2/5 |
| Fund security | Segregated client funds offshore, no CIPF, no proof-of-reserves or crypto custody insurance | 2/5 |
| Risk management tools | Stop loss, negative balance protection, 2FA; industry-standard but not locally mandated | 4/5 |
| Notoriety and coverage | Decent Trustpilot (4.3/5), positive forum reviews, but lacks domestic reputation in Canada | 3/5 |
Fees, Spreads and Commissions
IFC Markets offers a globally competitive fee structure, clearly targeting active traders and those seeking broad asset access. I appreciate the transparency of their trading fees, especially the lack of account opening or maintenance charges—a cost-saving advantage over many legacy brokers. Additionally, the ultra-low minimum deposit on Micro accounts ($1) makes market participation accessible for nearly all investor profiles, while the Standard account threshold of $1,000 is still reasonable for more serious traders.
The commission and spread structure at IFC Markets is one of its core strengths. Spreads on major forex pairs start as low as 0.4 pips on EUR/USD, which is below what most Canadian bank-owned and even discount brokers provide. Trading CFDs on indices, commodities, and shares all inherit this low-spread ethos, with variable commission for stocks (as little as $0.02 per US share, or 0.03 CAD per Canadian share) and no additional markups. The spread-based model for crypto CFDs, starting at 0.2%, is extremely lean compared with most retail brokerages, although overnight swap fees apply and can accumulate on leveraged positions.
I find the absence of inactivity, deposit, and withdrawal fees for standard bank wire transfers particularly attractive—especially for traders who may not operate at high frequency. However, the lack of local Canadian deposit methods and reliance on wire transfers can increase processing time, and fluctuating currency conversion rates may result in additional costs for non-USD operations. On the regulatory side, the offshore BVI FSC license implies reduced investor protection versus IIROC members, meaning Canadian users should factor risk as part of their “cost” calculus.
For Islamic traders, IFC Markets provides swap-free account options for CAD residents, promising true interest-free trading without hidden charges. This enhances its inclusivity and aligns it with global best practice in religious-compliant trading environments.
What are the account-related fees?
| Fee Type | Conditions at IFC Markets | Market Average |
|---|---|---|
| Opening fee | $0 | $0–$50 |
| Maintenance fee | $0 | $0–$50/year |
| Withdrawal fee | $0 (for standard bank wire transfer) | $0–$40 |
| Inactivity fee | $0 | $0–$25/month |
| Currency conversion fee | Variable (bank/interbank rates may apply) | 1%–2.5% (broker markup) |
Expert advice
Trip: Make use of the IFC Markets Micro account to test spreads, execution, and swap-free options with minimal funding. To reduce hidden costs, always check live currency conversion rates if funding in CAD, and consider maintaining your base account in USD for USD trading pairs.
What are the fees on stocks and ETFs?
Stock and ETF trading on IFC Markets, whether direct or via CFD, is cost-effective for active and international traders. US stock trades typically incur a commission of $0.02 per share and Canadian trades are just 0.03 CAD per share, without additional custody or overnight fees. All pricing is spread-based with minimal markup, and UK stamp duty applies only for UK equities (rarely relevant for most Canadian accounts).
| Fee Type | Conditions at IFC Markets | Market Average |
|---|---|---|
| Commission | $0.02 per US share (0.03 CAD for CA) | $0.01–$0.05/share |
| Spread fee | From $0.01/share (variable, tight) | $0.01–$0.03/share |
| Overnight fee | $0 (if holding non-leveraged equity) | $0–$10/week (margin) |
| Custody fee | $0 | $0–$50/year |
| UK stamp duty tax | 0.5% (only for UK stocks) | 0.5% (for UK stocks) |
What are the fees on cryptocurrencies?
Cryptocurrency trading at IFC Markets is exclusively CFD-based, delivering tight spreads from 0.2% and no direct commission or custody charge. Overnight swap/rollover fees apply to leveraged or held positions, similar to standard CFD brokers. There are no transfer or blockchain withdrawal fees, as underlying coins are never owned directly.
| Fee Type | Conditions at IFC Markets | Market Average (crypto or CFD brokers) |
|---|---|---|
| Buy/sell fees | Spread only (from 0.2%, variable) | 0.2%–1% per trade |
| Spread fees | 0.2%+ variable | 0.2%–2% |
| Overnight fees | Applicable on leveraged CFD positions | 0.01%–0.07%/day |
| Custody fees | $0 | $0–$100/year |
| Transfer fees | Not applicable for CFDs | $0–$20/withdrawal |
What are the fees on CFDs?
IFC Markets leads with its broad and competitive CFD offering, from stocks to forex to commodities to crypto. Spreads are impressively tight on majors and metals, leverage is flexible (up to 20:1 for FX, typically 10:1 for commodities and indices), and there are no commission add-ons except for equities. Overnight swap/rollover charges do apply, standard for the CFD industry.
| Underlying Asset | Maximum Leverage | Spread at IFC Markets | Overnight Fee | Market Average (CFD brokers) |
|---|---|---|---|---|
| CFD Stocks | 5:1 | $0.01–$0.05/share | Variable | $0.01–$0.08/share |
| Gold (XAU/USD) | 10:1 | $0.40 | Variable | $0.30–$0.60 |
| Silver (XAG/USD) | 10:1 | $0.03 | Variable | $0.03–$0.08 |
| Oil (WTI) | 10:1 | $0.03 | Variable | $0.03–$0.08 |
| EUR/USD | 20:1 | 0.4 pips | Variable | 0.8–1.5 pips |
| EUR/GBP | 20:1 | 1.0 pips | Variable | 1.0–2.0 pips |
| USD/JPY | 20:1 | 0.5 pips | Variable | 0.7–1.2 pips |
| GBP/USD | 20:1 | 0.6 pips | Variable | 1.1–2.0 pips |
| BEL 20 (BEL20) | 10:1 | 0.8 points | Variable | 0.8–1.5 points |
| BTC/USD (crypto CFD) | 5:1 | 0.3% spread | Variable | 0.3%–0.7% |
Assets & Markets
IFC Markets stands out for its comprehensive selection of CFDs, covering a much broader array of assets than most Canadian-regulated brokers. I can access a robust mix of global stock CFDs—including major Canadian, US, and European equities—as well as an expansive offering of forex pairs, ranging over 50 in total. The inclusion of micro accounts and a very low minimum deposit makes it possible for nearly any trader to participate, while the demo account feature enables thorough practice before committing real capital.
CFD trading on ETFs, indices, and commodities is particularly versatile. I am able to take speculative and hedging positions on everything from leading US tech stocks to Brent crude, gold, and agricultural products—all executed through both NetTradeX and industry-standard MetaTrader 4/5 platforms. The ability to create custom synthetic instruments in NetTradeX is a unique differentiator, allowing me to design pairs or baskets tailored to strategic or hedging needs.
Cryptocurrency trading is offered via CFDs on 10+ leading tokens, including Bitcoin, Ethereum, and Ripple. This gives leveraged exposure to crypto price action with both long and short capabilities, though it’s important to note that I do not get direct custody or access to staking, wallets, or DeFi services. There is also no option to trade stablecoins or NFTs. While bond CFDs are not highlighted, I do have access to various asset classes that allow for broad strategic diversification.
The main limitation remains the lack of spot trading for equities and ETFs—every security is traded as a CFD with inherent leverage and overnight swap considerations. There are no registered account options or integration with Canadian tax-advantaged products. Additionally, as an offshore broker, IFC Markets does not have IIROC regulation or CIPF protection, which should be factored into any risk assessment.
| Asset Class | Type | Number at IFC Markets | Market Average | Example Assets |
|---|---|---|---|---|
| Stocks | CFD | 300+ | 100–800 | Apple CFD, RBC CFD, Tesla CFD, Shopify CFD |
| ETFs | CFD | 40+ | 20–100 | SPY CFD, QQQ CFD, XLF CFD |
| Cryptocurrencies | CFD | 10+ | 10–50 | Bitcoin CFD, Ethereum CFD, Ripple CFD, Litecoin CFD |
| Currencies | Forex (CFD) | 50+ | 30–100 | EUR/USD, USD/CAD, GBP/JPY, AUD/USD |
| Commodities | CFD | 20+ | 10–30 | Gold CFD, Crude Oil CFD, Corn CFD, Silver CFD |
| Indices | CFD | 14+ | 10–20 | US 500 CFD, US TECH 100 CFD, DE 30 CFD |
| Bonds | – | Not available (CFD) | 5–50 | – |
| Stablecoins | – | Not available | 2–10 | – |
| NFTs | – | Not available | 0–5 (crypto) | – |
| Other derivatives | Custom via NetTradeX | Unlimited (synthetic pairs/baskets) | 10–100+ | Custom stock/currency/composite CFD |
Trading Tools & Apps
IFC Markets provides traders with a flexible and well-equipped environment geared toward those seeking access to a wide variety of global CFDs and forex markets. The availability of both MetaTrader 4/5 and the proprietary NetTradeX platform enhances versatility—MT4/5 are industry benchmarks for reliability, automated trading, and technical charting, while NetTradeX introduces unique features such as custom synthetic instrument creation and broad multi-asset integration.
The mobile solutions for both MetaTrader and NetTradeX are stable and mirror their desktop versions closely, delivering full-spectrum trading, position monitoring, and rapid order management on iOS and Android. Navigation between charts, order execution, and account management is seamless, making the platforms equally accessible for mobile-first or desktop-preferring traders. MT4 and MT5 both offer comprehensive analytics, with dozens of built-in indicators, drawing tools, and the ability to install thousands of custom scripts or algorithmic trading robots (Expert Advisors) with minimal friction.
Order type flexibility stands out—IFC Markets platforms support not only market and limit orders, but also stop-loss, take-profit, trailing stop, and (on MT5 and NetTradeX) OCO orders. This range is crucial for managing risk and customizing execution strategies. The suite does not include direct access to advanced stock market order types for spot shares, as all equities are traded as CFDs. For crypto, trading is limited to CFDs on leading coins, rather than spot tokens or wallets, so those seeking staking, earning, or direct blockchain access are out of scope.
Automation and algorithmic trading are core strengths thanks to MetaTrader’s ecosystem—traders can deploy custom bots, participate in strategy backtesting, or even integrate third-party signals. Copy trading and social trading are not currently offered directly, and TradingView is not natively supported. Nevertheless, filtering, search, and categorization tools for forex, stocks, indices, and crypto CFDs are robust enough for most systematic or discretionary trading approaches.
IFC Markets caters best to technically-minded traders, including those new to automation who want a low capital barrier and exposure to markets inaccessible through Canadian-regulated brokers. However, the offshore regulatory environment means risk management and due diligence are even more essential.
| Feature | Verified Details |
|---|---|
| Mobile app (MetaTrader, etc.) | MT4 & MT5 (iOS/Android), NetTradeX mobile; no TradingView or external crypto wallet support |
| Usability | Fluid, professional; intuitive for experienced MT4/5 users, moderate learning curve for NetTradeX |
| Compatible software | MT4, MT5, NetTradeX; no TradingView or public API for external automation |
| Order types | Market, limit, stop-loss, take-profit, trailing stop, OCO (on MT5/NetTradeX) |
| Charting and technical analysis | Dozens of built-in indicators, full charting (MT4/5), custom scripts/bots, NetTradeX analytics |
| Auto trading / Automated strategies | Expert Advisors (MT4/5), custom scripts; no copy trading for Canadian users |
| Algorithmic trading | Fully supported (EA, custom code in MetaQuotes Language or NetTradeX scripting) |
| Negative balance protection | Yes, on CFD/Forex accounts |
| Trading signals | MT4/5 compatible with third-party signals; no in-app signals for NetTradeX |
| Asset search and filters | Effective multi-criteria filtering for forex, CFD stocks, indices, crypto |
| Spot stock purchase | CFD-only for stocks; spot purchase not available |
| Staking and earn | Not available |
Trip
Take full advantage of the IFC Markets demo account to test automated strategies and familiarize yourself with both MetaTrader and NetTradeX. Always use trailing stop orders and adjust them dynamically for volatile instruments—this allows profit protection without constant manual intervention.
Account Opening & Deposits
Account opening
To open an account with IFC Markets, begin by registering online via the official website. After selecting your account type (Micro, Standard, or Demo), you’ll enter personal information, contact details, and choose your account currency. The process continues with identity verification where you must upload a government-issued photo ID and a recent proof of address (such as a utility bill or bank statement). Some clients may also be asked for proof of income or source of funds, especially for higher account tiers or deposit amounts. During the application, you are required to complete a regulatory questionnaire related to financial knowledge and trading experience. Once your documents are submitted, IFC Markets reviews your application—most accounts are validated within 1–2 business days. You’ll receive a confirmation email allowing access to the trading platforms once your account is approved.
Good to know
Choosing the right base currency when setting up your account helps minimize future conversion costs, especially if you plan to deposit or withdraw in CAD.
| Item | Details |
|---|---|
| Opening procedure | Online application, KYC verification, regulatory questionnaire, document uploads |
| Validation time | Typically 1–2 business days |
| Accepted deposit methods | Bank wire (recommended for Canadians), e-wallets (if available), stablecoins (if applicable) |
| Minimum required deposit | $1 (Micro); $1,000 (Standard) |
| Required documents | Government-issued ID, proof of address, possible proof of income/source of funds |
| Practical tip | Ensure your scanned documents are clear, valid, and consistent with your application details |
Deposits and withdrawals on IFC Markets
IFC Markets allows Canadian clients to fund and withdraw from their trading accounts mainly through bank wire transfers. E-wallets and some local payment methods may also be available, depending on your selected account region, but card deposits are currently suspended for Canadians. Supported currencies include the CAD, USD, EUR, and several others. Most deposits by bank wire are credited the same day the funds are received, typically within 1–3 business days. Importantly, IFC Markets does not charge deposit or withdrawal fees for bank transfers, though intermediary banks may apply their own charges. Stablecoin and crypto deposits/withdrawals are sometimes available, but be sure to check with support for Canadian eligibility. There is no integrated wallet or fiat-to-crypto conversion—the platform strictly operates on a trading account model.
Good to know
Always verify with IFC Markets support which e-wallet or crypto methods are available for Canadian accounts, as options may vary and certain channels may be temporarily unavailable.
| Payment method | Accepted currencies | Minimum amount | Processing time | Possible fees |
|---|---|---|---|---|
| Credit card | Not available (Canada) | – | – | – |
| Bank transfer | CAD, USD, EUR, others | $1 (Micro) | 1–3 business days | None from IFC Markets; banks may charge fees |
| E-wallets | Common global e-wallets* | Varies | Instant–1 day | IFC Markets: none; e-wallet provider may charge |
| Stablecoins/cryptos | BTC, USDT, ETH, etc.* | Varies | Instant–1 day | May depend on method; check for availability |
| Other local options | Not typically available | – | – | – |
Account Types
IFC Markets offers a comprehensive range of account options designed for both beginner and experienced traders seeking CFD, forex, and cryptocurrency exposure. As an offshore CFD/forex broker (regulated by BVI FSC), IFC Markets appeals to clients who value global asset access, multiple platforms (NetTradeX, MT4, MT5), and low minimum deposits. Canadian clients can open standard, micro, demo, or swap-free Islamic accounts, with flexible base currencies and a full suite of tradable instruments—including forex, stocks, commodities, and crypto CFDs. Tax-advantaged and classic securities accounts are not available, and crypto offerings are limited to CFDs (no wallets, staking, or cold storage).
| Account type | Available (✅/❌) | Main features |
|---|---|---|
| Demo account | ✅ | Unlimited, free; practice with virtual funds and full market access |
| Standard account | ✅ | $1,000 minimum; full asset and platform access |
| Raw ECN account | ❌ | Not offered; all trading via market maker/STP model |
| Islamic account | ✅ | Swap-free (no overnight interest); available upon request for Canadian clients |
| Professional account | ✅ | High-volume trading, higher leverage options (segregated from retail terms) |
| CFD account | ✅ | Main focus; trade 600+ CFDs on forex, indices, stocks, commodities, and cryptos |
| Classic securities account | ❌ | Not available; only CFDs, not physical share ownership |
| Staking/earn account | ❌ | Not offered; crypto trading via CFDs only |
| Cold storage account | ❌ | Not available; no crypto custody or wallet service |
| Tax-advantaged account | ❌ | Not available; no support for RRSP, TFSA, or RESP |
| Accepted base currencies | USD, EUR, JPY, others | Flexible accounts; fund and trade in multiple international currencies |
Trip
If you are new to leveraged trading, start with a demo account to familiarize yourself with risk and platform features. Experienced traders can request an Islamic account or opt for the professional account for access to tailored leverage and margin conditions. As IFC Markets is offshore regulated, assess your risk tolerance and fund protection needs before opening a live account.
A Comparison of IFC Markets and its Competitors
| Feature | IFC Markets | Questrade | National Bank Direct Brokerage | OANDA |
|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | |
| Number of instruments | Thousands (Stocks, ETFs, Options, FX, CFDs, Crypto CFDs) | Thousands (CA/US Stocks, ETFs, Options) | 68+ FX pairs, indices, commodities, crypto CFDs | |
| Spreads (examples) | Forex from 0.8 pips (EUR/USD); Stocks: $4.95–$9.95/trade | N/A (no Forex/CFDs); Stocks: $0 commission | Forex from 0.6 pips (EUR/USD), spread-only | |
| Trading platforms | Questrade Trading, Edge (Web, Desktop), Mobile | Proprietary Web & Mobile | OANDA Trade, MT4, TradingView | |
| Regulation | IIROC, CIPF | IIROC, CIPF | IIROC, CIPF | |
| Demo account | ✅ | ❌ | ✅ | |
| Copy trading | ❌ | ❌ | ❌ | |
| Read the review | Read the review Questrade | Read the review National Bank Direct Brokerage | Read the review OANDA |
Customer reviews
IFC Markets has a Trustpilot rating of 4.3 out of 5, with more than 550 reviews as of July 2025. Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :
- Fast order execution
- Competitive and transparent spreads
- Responsive and helpful customer support
- Wide range of CFD instruments and trading assets, including crypto
- Availability of both MT4/MT5 and proprietary NetTradeX platforms
- Very low minimum deposit requirement
En revanche, plusieurs points négatifs sont régulièrement évoqués dans les avis :
- Withdrawal process can sometimes be slow
- Limited deposit and withdrawal options for Canadians
- Offshore regulation, with no Canadian investor protection
- No direct copy trading or PAMM features
- Lack of advanced educational resources for beginners
Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :
A.L. – 06/07/2025 : “Fast execution and good spreads, but withdrawal process could be faster.”
S.R. – 25/06/2025 : “Customer support is responsive and helpful, especially for new traders.”
D.P. – 18/05/2025 : “Wide range of instruments, but would like to see more deposit options for Canadians.”
FAQ
Is IFC Markets regulated in CA?
IFC Markets is not regulated in Canada and does not hold IIROC or Canadian provincial licenses. It operates under an offshore license from the British Virgin Islands Financial Services Commission (BVI FSC), so Canadian clients trade under international regulation without CIPF protection.
What is the minimum deposit on IFC Markets?
The minimum deposit for a Micro Account is just $1, while Standard Accounts require $1,000. This makes IFC Markets accessible to a wide range of traders, from beginners wishing to start small to more active investors.
Does IFC Markets offer a welcome bonus?
IFC Markets runs welcome bonuses and promotional offers periodically, such as deposit bonuses or trading contests. The specific offers and their terms can vary, so clients should check the IFC Markets promotions page for current details.
How does leverage work on IFC Markets?
Leverage on IFC Markets varies by asset class and account type. Major forex pairs can be leveraged up to 1:400, while lower leverage is available for indices, commodities, and crypto CFDs. Leverage allows clients to control larger positions than their deposit, but it increases both potential profits and risks.
How does IFC Markets make money?
IFC Markets earns revenue mainly from variable spreads and trading commissions, especially on stock and ETF CFDs. Additional income can come from overnight financing (swap) charges and currency conversion fees if trading in a non-account currency.
Who is behind IFC Markets?
IFC Markets is operated by IFCMARKETS. CORP., a company registered and licensed in the British Virgin Islands. The company has been providing online trading services internationally for over a decade, focusing on CFD and forex trading.
When was IFC Markets launched?
IFC Markets was founded in 2006, making it one of the more experienced international brokers offering CFD, forex, and crypto CFD trading to clients around the world.
Does IFC Markets offer copy trading or social trading?
IFC Markets does not directly provide copy trading, PAMM accounts, or social trading services specifically for Canadian users. Trading is self-directed through platforms like NetTradeX, MT4, and MT5.
How can I contact IFC Markets’s customer service?
You can contact IFC Markets customer service via live chat on the website, by email at support@ifcmarkets.com, or by phone. Support is available 24 hours a day, five days a week, and responses are typically provided in English.
Does IFC Markets offer any promotions or referral programs?
IFC Markets frequently offers various promotions, which can include deposit bonuses, trading contests, and occasionally referral rewards for introducing new clients. The availability and conditions of these programs can be found on their official website.
Does IFC Markets provide insurance or proof-of-reserve for customer funds?
Customer funds with IFC Markets are not protected by Canadian investor insurance programs such as CIPF. There is no proof-of-reserve system for crypto holdings or segregated insurance for client deposits, highlighting the additional risks of offshore regulation for Canadian residents.
Is IFC Markets regulated in CA?
IFC Markets is not regulated in Canada and does not hold IIROC or Canadian provincial licenses. It operates under an offshore license from the British Virgin Islands Financial Services Commission (BVI FSC), so Canadian clients trade under international regulation without CIPF protection.
What is the minimum deposit on IFC Markets?
The minimum deposit for a Micro Account is just $1, while Standard Accounts require $1,000. This makes IFC Markets accessible to a wide range of traders, from beginners wishing to start small to more active investors.
Does IFC Markets offer a welcome bonus?
IFC Markets runs welcome bonuses and promotional offers periodically, such as deposit bonuses or trading contests. The specific offers and their terms can vary, so clients should check the IFC Markets promotions page for current details.
How does leverage work on IFC Markets?
Leverage on IFC Markets varies by asset class and account type. Major forex pairs can be leveraged up to 1:400, while lower leverage is available for indices, commodities, and crypto CFDs. Leverage allows clients to control larger positions than their deposit, but it increases both potential profits and risks.
How does IFC Markets make money?
IFC Markets earns revenue mainly from variable spreads and trading commissions, especially on stock and ETF CFDs. Additional income can come from overnight financing (swap) charges and currency conversion fees if trading in a non-account currency.
Who is behind IFC Markets?
IFC Markets is operated by IFCMARKETS. CORP., a company registered and licensed in the British Virgin Islands. The company has been providing online trading services internationally for over a decade, focusing on CFD and forex trading.
When was IFC Markets launched?
IFC Markets was founded in 2006, making it one of the more experienced international brokers offering CFD, forex, and crypto CFD trading to clients around the world.
Does IFC Markets offer copy trading or social trading?
IFC Markets does not directly provide copy trading, PAMM accounts, or social trading services specifically for Canadian users. Trading is self-directed through platforms like NetTradeX, MT4, and MT5.
How can I contact IFC Markets’s customer service?
You can contact IFC Markets customer service via live chat on the website, by email at support@ifcmarkets.com, or by phone. Support is available 24 hours a day, five days a week, and responses are typically provided in English.
Does IFC Markets offer any promotions or referral programs?
IFC Markets frequently offers various promotions, which can include deposit bonuses, trading contests, and occasionally referral rewards for introducing new clients. The availability and conditions of these programs can be found on their official website.
Does IFC Markets provide insurance or proof-of-reserve for customer funds?
Customer funds with IFC Markets are not protected by Canadian investor insurance programs such as CIPF. There is no proof-of-reserve system for crypto holdings or segregated insurance for client deposits, highlighting the additional risks of offshore regulation for Canadian residents.
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