IFS Markets is an online forex and commodities trader, founded in 2008 and is headquartered in Sydney, Australia. Currently has a full license from the Australian Securities and Exchange Commission (ASIC) (regulatory certificate number 323193).

WikiFX | 2024-11-05 15:28

Abstract：IFS Markets is an online forex and commodities trader, founded in 2008 and is headquartered in Sydney, Australia. IFS Markets offers many tradable instruments including forex, indices, commodities, etc, via its Standard Account or the Professional Account. It has a high leverage of up to 1:400. However, it is a Suspected Fake Clone.

Note: IFS Markets's official website: https://www.ifsmarkets.com/ is currently inaccessible normally.

IFS Markets Review Summary
Founded	2023
Registered Country/Region	Australia
Regulation	Suspected Fake Clone
Market Instruments	Forex, Indices, Commodities
Demo Account	Not Mentioned
Leverage	Up to 1:400
Spread	Starting from 0.0 pips
Trading Platform	Meta Trader 4
Min Deposit	$100

IFS Markets Information

IFS Markets is an online forex and commodities trader, founded in 2008 and is headquartered in Sydney, Australia. IFS Markets offers many tradable instruments including forex, indices, commodities, etc, via its Standard Account or the Professional Account. It has a high leverage of up to 1:400. However, it is a Suspected Fake Clone.

Pros and Cons

Pros	Cons
No commissions for the standard account	Suspected Fake Clone
High leverage up to 1:400	High minimum deposit of $100
Support MT4

Is IFS Markets Legit?

IFS Markets had a Market Making(MM) regulated by the Australian Securities and Investments Commission (ASIC) in Australia with a license number of 323193, but currently, it is a Suspected Fake Clone.

Regulatory Status	Suspected Fake Clone
Regulated by	Australia
Licensed Institution	FTX AUSTRALIA PTY LTD
Licensed Type	Market Making(MM)
Licensed Number	323193

What Can I Trade on IFS Markets?

The company provides investors with popular tradable instruments including forex (providing 45 pairs of various mainstream and cross-currency exchanges), indices (from 14 popular stock indices on the world's largest stock market), commodities (gold, silver, crude oil), etc.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrency	❌
Shares	❌
Metals	❌

Account Type

IFS Markets provides two types of accounts, including the Standard Account and the Professional Account for clients. The minimum deposit for Standard Accounts is $100, and the minimum deposit for Professional Accounts is $300.

Leverage of IFS Markets

IFS Markets's maximum leverage available for forex products ranges from 1:1 to 1:400. For gold, the maximum leverage is 1:100, while for silver, it's 1:50.

IFS Markets Fees

IFS Markets's standard account does not charge commissions, only the spread fee, and the main spread starts at 1.1 pips. The spread of the pro accounts starts at 0 pips, and $7 will be charged per 10,000 contracts. Swap rates are a cost. See the following swap rates table:

ITEM	LONG	SHORT
EURUSD	$5.28	$0.20
GBPUSD	$5.27	$3.86
AUDUSD	$3.65	$2.79
USDJPY	$2.12	$4.50

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Meta Trader 4	✔	PC and Mobile	Investors of all experience levels

Deposit and Withdrawal

IFS Markets charges a minimum deposit of $100. The fees of IFS Markets depend on the Deposit/Withdrawal Options you choose. You can refer to the table for details.

Deposit/Withdrawal Options	Fees	Processing Time
Credit/Debit Cards (AUD, USD, JPY, EUR, NZD, BGP, CAD, SGD)	2% deposit fee	Instant
Online Banking (RMB, THB, IDR, MYR, VND)	Free	1-2 business days
Wire Transfers (AUD, USD, SGD, BGP, EUR)	Free	2-5 business days
E-wallets (Skrill, NETELLER, Fasapay)	Varying fees	Varying processing times
Bitcoin	1.5% fee	Instant