What Account Types and Fees Does IFC Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Experienced traders seeking diverse instruments |
Access to various instruments, spreads from 1.8 pips fixed, leverage up to 1:200 |
Minimum deposit of $1,000; suitable for active trading |
| Beginner Account |
New traders looking for low entry costs |
Minimal deposit of $1, leverage up to 1:400, access to 600+ instruments |
Account equity limit of $5,000; must upgrade once exceeded |
| Micro Account |
Novice traders wanting to practice with small investments |
Low initial deposit of $1, spreads from 1.8 pips |
Maximum equity limit of $5,000; ideal for risk management |
| Islamic Account |
Muslim traders adhering to Sharia law |
Swap-free trading options, available on Standard and Beginner types |
Minimum deposit varies by account type; must provide documentation |
| Demo Account |
All traders wanting to practice risk-free |
Access to all trading tools and instruments with virtual funds |
No time limit; ideal for testing strategies |
Account Opening Process
To open an account with IFC Markets, follow these steps:
1. Visit the official IFC Markets website and click on the “Start Trading” button.
2. Complete the registration form, providing personal details such as name, email, and phone number.
3. Confirm your email address by clicking the link sent to your inbox.
4. Submit required documentation for identity verification, including a government-issued ID and proof of address.
5. Optionally, provide employment and financial information if required.
After opening a basic account, you can upgrade to a professional account later, depending on your trading volume and experience.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.4 |
$0 |
Floating spreads for major pairs |
| Forex (GBP/USD) |
0.6 |
$0 |
Competitive spreads for major pairs |
| CFDs (Stocks) |
1.0 |
0.1% per trade |
Varied by market conditions |
| CFDs (Commodities) |
1.0 |
0.1% per trade |
Competitive pricing for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable spreads based on market volatility |
Other Fees
IFC Markets has several additional fees to consider:
– Deposit and Withdrawal Fees: There may be charges depending on the payment method, typically around $30 for bank transfers.
– Inactivity Fees: No inactivity fees are charged for dormant accounts.
– Platform Usage Fees: No platform fees are applicable for using MetaTrader or NetTradeX.
– Overnight Interest (Swap Rates): Applicable for leveraged positions; varies based on the asset.
– Currency Conversion Fees: Generally not charged, but check with your payment provider for specifics.
