IFC Markets

IFC Markets broker is an international broker that has been operating since 2006 and is part of the IFCM Group financial group. With a Persian-language website and support and a variety of Rial deposit methods, it is one of the oldest brokers active in the Iranian market. In this overview, we review IFC Markets' license, accounts, platforms, payments and risks based on Teagle data.

What kind of broker is IFC Markets?

The IFC Markets structure reflects a global network that includes entities in South Africa, Cyprus (as the developer of the NetTradeX platform) and Malaysia, serving clients in more than 80 countries, including Iran. Tradable instruments include 49 currency pairs, 760 stocks, 13 cryptocurrencies, 20 commodities, 12 indices, 58 futures contracts, metals and ETFs.

IFC Markets licenses and credibility

The broker's official profile mentions various bodies, but the list of verified licenses in Teagle's latest review shows only one active license: FSC of the British Virgin Islands (BVI) under number SIBA/L/14/1073. This is an offshore license and is not on the level of top-tier global regulators. According to Teagle's expert, it is this type of license that has made serving Iranians possible, but in return the safety of your capital depends above all on the stability and good faith of the broker itself. There is also no full transparency on negative balance protection. To weigh this risk, read the article The difference between offshore and onshore brokers .

Does IFC Markets serve Iranians?

Yes. IFC Markets has a Persian website and, according to Teagle's expert, its Persian support is available every day of the week, even on holidays. Instant identity verification and a variety of Rial deposit and withdrawal methods are among its other features localized for Iranian users. This localization is considered one of the main reasons for the broker's popularity in Iran.

IFC Markets trading accounts

IFC Markets offers five account types, all with a 10% stop-out level and all with an Islamic version:

• Direct Micro account: Minimum deposit $10, fixed spread from 0.4 pips and leverage of 1:400.
• Pro Micro account: Minimum deposit $10, floating spread from 0.1 pips and leverage of 1:400.
• Direct Standard account: Minimum deposit $1000, fixed spread from 0.4 pips and leverage of 1:200.
• Pro Standard account: Minimum deposit $1000, floating spread from 0.1 pips and leverage of 1:200.
• ECN Standard account: Minimum deposit $1000, raw spread from zero and leverage of 1:200.

Commissions for these accounts are not recorded in Teagle's table. Teagle's expert considers the fixed spread on the standard accounts somewhat high for certain strategies and also does not find the actual terms of the Islamic account fully transparent. To choose an account that fits your budget, see the articles Minimum capital needed to start with IFC Markets and Introduction to ECN accounts .

IFC Markets trading platforms

This broker offers three platforms: MetaTrader 4, MetaTrader 5 and the proprietary NetTradeX platform, available on Windows, iOS and Android. NetTradeX allows trading with any volume, server-side trailing stops and advanced orders such as OCO. The Personal Composite Instrument (PCI) tool and GeWorko technology let traders build their own custom trading instruments. Other services include education, PAMM, VPS, an economic calendar and interest paid on free margin. To connect your account to MetaTrader, see How to connect a broker to MetaTrader 4 and 5 .

Deposits and withdrawals at IFC Markets

The variety of Rial payment methods is one of this broker's strengths. According to Teagle's table, the FarsiChange, FaraPardakht, IRPAY and VSHARG gateways work with no fee, a $10 minimum and deposit times of a few minutes to 30 minutes, and withdrawals through them take up to one business day. TopChange offers instant deposits with a $1 minimum, and its withdrawals carry a 2% fee. Crypto deposits with a $20 minimum are instant, and the withdrawal fee depends on the network. WebMoney is also on the list of methods, with a 0.8% withdrawal fee (maximum $50).

IFC Markets score and risk on Teagle

IFC Markets' final score on Teagle is 3.09 out of 5, derived from the average of five sources: Teagle users 5, Trustpilot 3.6, Teagle expert 2.9, Forex Peace Army 2.46 and WikiFX 1.48. The Teagle user score is currently based on just one review. The Teagle Eye risk index for this broker is 48 out of 100, in the "medium risk" category; its 20-year track record has raised its safety score, but reliance on a single offshore license and low reputation scores have held it back. Follow this broker's position in the ranking of brokers with Iranian deposit options .

Pros and cons of IFC Markets

• Pro: about 20 years of history and a long presence in the Iranian market
• Pro: three platforms, MT4, MT5 and NetTradeX, plus the innovative PCI tool
• Pro: Persian support every day and a variety of Rial and crypto gateways
• Pro: low minimum deposit on Micro accounts and PAMM services
• Con: only one active license, and an offshore one at that (BVI)
• Con: relatively high fixed spreads and fees on some payment methods
• Con: undocumented complaints about execution and withdrawals, and ambiguity over negative balance protection

Who is IFC Markets suitable for?

In the view of Teagle's expert, this broker suits beginners who want to start with a small amount, those interested in shares of large international companies, users who want fast Rial payments and creative traders who use the PCI tool. It is not an ideal option for those who only work with top-tier regulators or for scalpers who want near-zero spreads without a large deposit. Before deciding, see the IFC Markets vs Alpari comparison .

Conclusion

IFC Markets has a notable record in terms of history, localization for Iranians and proprietary tools, but an offshore license means there is no strong legal protection behind your capital. Start with a Micro account and a small amount, make a test withdrawal, and follow new warnings on the investment risk warning page .