IFS Markets Review What You Need To Know About Ifsmarkets.com.

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IFS Markets Review: What You Need To Know About Ifsmarkets.com.

Ifsmarkets.com Review: this is the name of a Forex broker that is based in Australia and offers CFDs. Is IFS Markets a legit broker or a scam? The rise in the number of Forex brokers makes it important for traders to read these reviews before trading with a company.

We start our reviews by checking if the firm under scrutiny is properly licensed in the location where it operates. For this brokerage, it is mentioned that it is located in Australia. All Forex brokers in this region are to have a license and be registered under the ASIC. The website mentions this as well.

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On checking, we found the name of the company that owns the broker and that it is truly properly licensed by the Australian Securities and Investment Commission (ASIC). As a regulated broker, there are restrictions and rules that IFS Markets must follow and not fall short of. Issues with this broker would be looked into by authority as well.

Advantages of IFS Markets

The website states that they allow 0.01 lot ($1,000) to 100 lots ($10 million). Even beginners can improve in the live trading environment offered and experienced traders will also enjoy the trading flexibility that is allowed on the platform.

It is common for brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Also, IFS Markets combines using cutting edge technology, expertise and first-class support service.

IFS Markets Trading Platform

IFS Markets offers traders the MT4 trading platform. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

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Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are: currency pairs, CFDs on precious metals, commodities, and indices. No cryptocurrency offer is made nor do we find mention of stocks. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverage offered to clients is 1:400 and while this may seem generous but they could pose danger. High leverages can lead to huge loss of funds as well. Spreads are 1.5 pips on the EURUSD pairs.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on IFS Markets

The accepted means of making payments and withdrawals are: VISA, MasterCard, Bank Transfer, Skrill, Neteller, FasaPay, Alipay, and DragonPay.

This is encouraging because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

There is no minimum deposit requirement and traders can invest any amount they can afford. We are pleased with this as the obtainable average among brokers is of $100 – $250. Withdrawal fees do not apply with this broker.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is IFS Markets Licensed?

Yes. IFS Markets is duly registered under the Australian Securities and Investment Commission (ASIC). The license it holds, authorizes it to trade in the region.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

If you want to get in touch with this broker or want to speak with a customer care agent, dial either: 1800 186 364 or +612 9048 3800.

Conclusion

IFS Markets is licensed by one of the world’s top Forex authorities and we find this to be encouraging. Another advantage is that the minimum deposit is at trader’s discretion and very affordable. Transaction is also allowed via most of the popular means. The trading platform is the MT4 which we encourage traders to look for in prospective brokers.

If you have anything to add to this Forex broker review, do so via the comment section.

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IFS Markets Review

IFS Markets is not a new brokerage in the Forex world. In fact, it is older than some of the most popular brokerages out there right now. So it may raise the question, why have I never heard of it? Well, there are a couple of reasons. According to our IFS Markets review, we found out that the broker is exclusive for Australian clients only. They feature an ASIC license with the number 323 193 and have been operating in the country for nearly 13 years now. 13 years is like a couple of lifetimes for Forex broker standards, which needs to be commended broker.

IFS Markets Review

Experienced, but not worth the hassle.

IFS Markets Forex broker is able to include some very attractive features, but deep down, these features turn out more as liabilities than assets. The minimum deposit with the broker is $0, it has 2 types of accounts: Standard & Pro, the maximum leverage is 1:400, is licensed by the ASIC, Has various payment methods like Skrill and Neteller, fields MT4 and WebTrader.

The Transparency

Overall, the transparency in terms of most of the information is quite nice with the broker. Finding relevant information was just 1 click away in most cases. However, we did indeed find some questionable decisions on the broker’s part which sometimes led to the IFS Markets scam thought popping up. Thanks to their 13 years of experience in the industry, we were quick to dismiss such thoughts, because it is simply impossible.

Let us discuss all of the features in detail and see exactly what we mean by “questionable decisions”.

Spreads & Commissions

Spreads are always a relevant topic for Forex brokers as they are a way to see how the company makes money. If the spread is tight, it means the company has enough customers to keep it that way. If it is too high, it means they are quite small. However, if a company features commissions it is always recommended to avoid it as it tends to rack up more in costs. IFS Markets Forex broker features both of these options, but as already mentioned, with questionable methods. They mostly revolve around the Account Types.

There is no clear indication about what the spread is like, is it tight? Is it floating or fixed? What is the commission percentage, so all customers have to do is guess.

Account Types

As already mentioned, the questionable decisions about Spreads and Commissions is rampant with IFS Markets Account types. There are 2 types right now, the Standard Account and the Pro Account. In fact, the questionable decision could be the fact that these two accounts are practically identical. The only difference is that the Standard Account is spread-based, while the Pro Account is commission-based.

If that isn’t a questionable decision, then we don’t know what is. In fact, this is where we had the IFS Markets scam thoughts again, because the only logical explanation is that, the spread is so bad on the Standard Account that traders prefer to switch to a commission-based one instead, even if it means paying more in the long-run.

IFS Markets Withdrawal

The withdrawals with the broker are actually quite nice at a first glance. The variety of payment methods is always welcomed, but there is one HUGE detriment to the whole thing. The options are as follows: Credit/Debit Card, WIRE Transfer, Skrill, Neteller and etc. Everything except for Bank Transfers has a 2% fee on it. Both on withdrawals and deposits. Sure the 2% may not seem too much, but imagine if you are withdrawing $20,000, which is mostly the case for experienced traders. You’d have to pay $400, if you want it done via credit card. Otherwise, you’d have to wait for at least a week. This completely devalues the IFS Markets withdrawal system in our opinion as even the largest brokers offer these services without a cent as a fee.

The minimum deposit system was a sign of relief. It is currently sitting at $0, so you can open an account without depositing a single cent.

Trading Platforms

IFS Markets currently has 2 major trading platforms. These are MT4 and WebTrader. Although the variety isn’t the best here, it is still nice to see a veteran such as MT4 be featured. Furthermore, the platform offers ZuluTrade, White Label and MAM. The IFS Markets MT4 option is probably the best one to go with in all honesty, as it is the safest and more optimized for outside tools.

Leverage & Regulation

As already mentioned, IFS Markets is regulated by the ASIC. In fact they have been regulated for nearly 13 years now. The license was given on June 7th of 2006, and will be reviewed on the same date this year. It is expected that the license will be renewed.

IFS Markets FX brokerage is able to offer a leverage of 1:400 thanks to the Australian Regulation, as ESMA laws haven’t reached the continent yet. It may seem quite high for a beginner, but thankfully it is adjustable. The maximum leverage is of 1:400 is only for major currency pairs however, which is nothing new.

IFS Markets Review mash-up

So here we are at the end of our IFS Markets review. What is the final verdict? It is quite simple and can fit in a single sentence. “Reliable, but expensive”. Yes the brokerage is reliable in terms of legality, they won’t scam you or defraud you of your money, but the features you get for the price you pay way below average. There are 1 year-old brokerages out there that, although feature higher minimum deposits, have way better offers on both withdrawals and spreads. So, can IFS Markets be trusted? Yes, it definitely can be trusted, but it doesn’t mean you should start trading with them. There are way better options.

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IFS Markets Review: What You Need To Know About Ifsmarkets.com.

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