Independent rating of Forex broker IFS Markets

About company

IFS Markets is a broker offering Forex and CFD online trading services to clients across the globe. The company is owned by Sydney-based Forex Financial Services Pty Ltd. and regulated by the Australian Securities and Investments Commission. ASIC is one of the most demanding and stringent supervisory bodies in the world. Therefore, the fact that the broker's activities are controlled by this commission is proof of its transparency and honesty. IFS Markets offers its services worldwide but primarily targets Australian clients.

Trading conditions

• over 60 currency pairs, stock indices, commodities, cryptocurrencies, precious metals
• two types of trading accounts
• instant order execution
• ability to open both short and long positions simultaneously on same currency pair
• demo account
• positions automatically closed if margin call is not met
• commission charged
• affiliate and bonus programs
• three trading platforms, including popular MT4
• constant streaming liquidity
• MAM
• economic calendar
• free training materials
• pivot points
• Commitments of Traders (COT)

Trading platform

IFS Markets offers its clients to conduct trading through the following platforms: MetaTrader 4, ZuluTrade, and FIX API.

The MetaTrader 4 trading platform is one of the best in the industry. It provides market participants with a superior technical analysis package with a large number of built-in indicators, multiple chart types, nine timeframes, and automated trading tools. The platform is available for PC and mobile devices running Android or iOS.

ZuluTrade is the leading social trading platform. It connects traders with each other through ZuluRank, a proprietary performance evaluation algorithm. This system helps users select the best investors to copy their trades.

FIX API is a platform for professional traders who need direct access to liquidity providers in order to execute trades as quickly as possible.

Support service

Traders can contact the support team of IFS Markets via email or by phone. The phone number is indicated on the broker's official website.

Traders’ reviews

There are a lot of negative comments about the broker's activity on the Web. Many clients complain about unreasonably blocked trading accounts and cash withdrawal problems. In addition, traders note incompetent support specialists unable to assist in controversial matters.

Advantages:

• regulated broker
• demo account
• wide range of trading instruments
• competitive spreads
• high leverage
• cryptocurrency trading
• large choice of trading platforms, including MT4
• free training materials for beginners
• affiliate and bonus programs

Disadvantages:

• little choice of trading accounts
• commission charged
• negative feedback