IFS Markets Review 2020

IFS Markets is a regulated trading broker providing Forex and CFD trading online via the MetaTrader 4 platform and FIX API connectivity. The broker has a limited range of non-FX assets for trading but do offer a range of flexible funding options and account types. There are MAM accounts for money managers and investors whilst ZuluTrade is available for signal providers and followers.

IFS Markets Review 2020, Pros & Cons
  • Regulated broker
  • Commission free accounts
  • FIX API trading
  • ZuluTrade
  • MAM accounts
  • Variety of funding options
  • Minimum $1 deposit to open an account
  • Demo accounts expire after 30 days
  • No swap free accounts
  • High spreads on commission free account
  • No US clients
  • Limited additional trading tools
  • Limited non-FX assets
  • No traders academy
  • No daily market analysis
  • No live chat support

In this detailed IFS Markets review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

IFS Markets is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including IFS Markets.

IFS Markets Review: Summary

IFS Markets is an online trading broker offering forex and CFD trading to clients across the globe via powerful and user-friendly trading platforms. They aim to provide traders with the best level of customer service whether you are a beginner looking to learn how to trade the markets or a more seasoned professional trader that demands high calibre in execution, technology and support.

IFS Markets Review: Broker Features

IFS Markets Review: Broker Features

The broker is registered and regulated in multiple jurisdictions, combining online trading with innovative technology, expertise and first-class support to provide clients with a seamless and efficient trading environment. They implement proprietary trading systems that are built and maintained with traders needs of the upmost importance, from opening an account to funding and trading. This allows clients to spend more time on trading the various markets with sophisticated security and efficiency.

IFS Markets Review: Broker Technology

IFS Markets Review: Broker Technology

IFS Markets trading solution integrates reliable execution spreads, streaming liquidity, and instant trade execution functionality. They connect traders to a liquidity pool of renowned global investment banks and brokers, providing direct access to institutional pricing and liquidity in over 50 currencies. The trading servers are located in New York, London and Hong Kong data centres. The broker enables clients to leverage their institutional relationships, and streamlined infrastructure to maximise trading effectiveness. This includes competitive spreads and commissions. In addition to its trading technology, they also provide clients with advanced trading tools.

IFS Markets Review: Regulation

IFS Markets a registered trading name of Forex Financial Services Pty Ltd. IFS Markets is part of the IFS Group of companies. The IFS Group began operating in Sydney, Australia in 2008. The IFS Group is a multinational group and its subsidiaries are registered and regulated in an array of different jurisdictions. Companies include:

  • IFS Markets a registered trading name of Forex Financial Services Pty Ltd registered in Australia. AFSL 323193 ABN 84 129 217 812
  • IFS Markets Limited (SV) registered in St Vincent and the Grenadines
  • IFS Global DMCC registered in United Arab Emirates

The broker holds client funds in a segregated bank account with 2 of the top banks in Australia, National Australia Bank (NAB) & Westpac. Segregated client funds should not be accessible by the broker and thus, not used for any other purpose such as business running costs.

IFS Markets Review: Countries

IFS Markets does not accept applications from residents of the United States of America. Some IFS Markets broker features and products mentioned within this IFS Markets review may not be available to traders from specific countries due to legal restrictions.

IFS Markets Review: Trading Platforms

IFS Markets Review: MT4 Platform

IFS Markets Review: MT4 Platform

MetaTrader 4

IFS Markets provide clients with one of the best trading platforms, MetaTrader 4 (MT4). MT4 features a complete technical analysis package and more than 30 in-built indicators to ensure a premium trading experience. MT4 is available for desktop, web and mobile (iOS & Android) so users can start trading anytime, anywhere.

You can access the markets from just one account and one platform, creating a complete and efficient trading package, literally at your fingertips giving you access to multiple markets from one platform. The web platform runs directly in most modern web browsers without needing to download or install any additional software.

MT4 offers real time charts, real time news events and a suite of analytical tools. Also available through MT4 are Trading Tools, Trading Signals, the MetaTrader Market and a global community of fellow traders. The platform lends itself seamlessly to algorithmic trading and these robots are applied directly to the chart of the trader’s choice.

  • Real Time Interactive Charts
  • 30 Technical Indicators
  • 33 Analytical Objects
  • 9 Timeframes
  • Multiple Chart types
  • Automated trading with expert advisors (EAs)
  • Price alert notifications via SMS, email & pop-ups

Multi Account Manager

For those industry professionals who require synchronized access to multiple MT4 accounts, the Multi Account Manager (MAM) technology is one of the solutions this broker can provide you with. Whether as a money manager for other investors accounts or to coordinate multiple personal accounts, this manager enables the trader to execute block trades on multiple MT4 accounts from a single master account on a single terminal. The trades are allocated automatically to your users, using a variety of customisable allocation methods. All trades can be managed in real time from a single MT4 application.

The MAM is integrated into the MT4 server and places a vital emphasis on speed of execution and reliability. When combined with IFS Markets deep liquidity pool and advanced technology, the MAM can become a powerful tool for the management of multiple trading accounts simultaneously. It is a feature rich tool with many components to manage multiple accounts seamlessly.

ZuluTrade

IFS Markets Review: ZuluTrade Social Trading

IFS Markets Review: ZuluTrade Social Trading

ZuluTrade is a global leading social trading platform. ZuluTrade connects users to other traders on their propriety performance algorithm called Zulurank. This allows traders to find and rank other traders based of their historical trading results, which allows the traders to take the same trades as these other traders, on their own broker accounts. Participants in Zulutrade can fully manage their accounts via a customisable account management portal that is equipped with “Zuluguard,” an advanced risk management feature that acts a shield against volatile trading strategies. You can refer to our ZuluTrade review for more information.

FIX API

IFS Markets provide FIX API connectivity for professional trading. FIX (Financial Information exchange) protocol is used by many experienced traders providing them with real-time communication between client, trader, investment fund or broker and liquidity provider. The API gives clients complete control over what is shared without requiring an intermediary software. By using the FIX protocol, you can customise your trading experience to suit your specific trading strategy.

One of the main benefits of FIX API trading when compared to other solutions is it offers more functionality. Sometimes traders require the need for two or more ticks to fill an order which is not offered with other solutions. This solution is suitable for high-frequency strategies that require the fastest trade times possible. Latency can be as low as 1 millisecond. Since you are trading directly through the trading servers, having FIX API allows traders to circumvent traditional third-party software.

IFS Markets Review: Trading Tools

The broker does not have any additional standalone tools but most retail traders will find that the tools already implemented within the provided trading platforms will be more than enough for their online trading needs.

IFS Markets Review: Education

FXWire Pro News

IFS Markets gives all live account holders complimentary access to real time FxWire Pro Newswires. FxWire Pro is a professional grade real-time Newsfeed service built in partnership with IB Times, which provides investors and traders with a comprehensive yet succinct overview of the global currency market news and events. FxWire Pro is one of the only professional Newsfeed service to remove unnecessary “information noise” and deliver precise, high-quality expert analyst and journalist commentary in a trader friendly format.

FxWire Pro is “the recommend forex newswire service” for MetaTrader 4 and comes readily integrated on all IFS Live MT4 accounts. Coverage of all global financial markets, macroeconomic, geopolitical and market-moving news events as soon as it happens. Real-time alerts for Economic indicator releases within seconds. Round the clock news coverage during Asian, European and American trading hours. Review of the day’s currency market movements including the impact of fundamental news. Overview of the next days’ major events that can affect the currency markets.

Economic Events Calendars

IFS Markets Review: Economic Event Calendars

IFS Markets Review: Economic Event Calendars

There are 2 economic calendars on the IFS Markets website that displays the latest news releases and the impacts they are expected to have on the various global markets. You can filter the calendar to display the news that is relevant to you. This is useful as part of a fundamental analysis.

Platform Tutorials

You can learn more about trading with the brokers platform tutorials. These cover some basic questions that can help you to familiarise yourself with the online trading platforms provided.

IFS Markets Review: Trading Instruments

IFS Markets have approximately 60 forex pairs with raw institutional spreads starting from zero on major currencies. They also provide contract for differences (CFDs) on other global markets such as indices and commodities.

  • Forex
  • Indices
  • Commodities
  • Metals
  • Cryptos
  • CFDs

IFS Markets Review: Trading Accounts & Fees

IFS Markets Review: Account Types

IFS Markets Review: Account Types

Whether you’re a beginner looking to improve in a live trading environment or a seasoned trader demanding advanced execution, you can enjoy flexible trading accounts with IFS Markets. You can start trading with a minimum deposit requirement of just $1. Leverage of up to 1:400 is available and the minimum lot size is 0.01. The broker has no restrictions on trading strategies so hedging, expert advisors and scalping strategies are allowed.

IFS Markets on the standard account derives revenue from the small difference between the bid and the ask prices. On the Pro account the charge is a flat commission of $7 per standard lot plus a tighter spread than the standard account. The broker does not charge any inactivity fees. Unfortunately, they do not offer swap free accounts.

IFS Markets provide a free 30-day demo account with a virtual cash balance of $50,000. This allows you to try the different trading platforms, brokers service and practice your trading strategies. It’s a shame the demo account expires as some traders may need more than 30 days practice and other brokers have demo accounts that don’t expire.

As broker fees can vary and change, there may be additional fees that are not listed in this IFS Markets review. It is imperative to ensure that you check and understand all of the latest information before you open an IFS Markets broker account for online trading.

IFS Markets Review: Customer Service

The brokers customer service is available via telephone and email during Australian business hours. We would have preferred a live chat option as many other brokers have. You should consider the brokers time zone and if the business hours are at a suitable time for you to contact them should you need any support.

IFS Markets Review: Deposit & Withdrawal

The broker offers multiple ways to deposit and typically process withdrawals within one business day. This way, you can focus more on reaching your forex trading goals. All funds are processed through the client portal. IFS will usually process withdrawals within 24 hours, however in some circumstances like during public holidays, this may take longer. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant. Deposit options include:

  • Wire Transfer
  • Credit Card (Visa, Mastercard)
  • Skrill
  • Neteller
  • China Union Pay
  • Poli
  • Fasapay
  • Alipay
  • DragonPay

Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal. Some fees may be charged when using certain payment methods. Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites.

Third party deposits are not accepted. Accounts can be opened in AUD, EUR, GBP, SGD, USD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

IFS Markets Review: Account Funding

IFS Markets Review: Account Funding

IFS Markets Review: Account Opening

Before you choose IFS Markets as your broker of choice, please ensure that you have read and understood their terms and conditions. To open an account, you can click on the “apply now” link where you will find a short online form to complete. Choose your account type to start the registration process. After you have completed the application you will need to wait for the account to be approved. Once the account is approved, you can download the trading platforms and start trading online with IFS Markets.

In accordance with the Anti-Money Laundering and Counter-Terrorism Financial Acts, IFS Markets is required to identify you before opening your trading account. Therefore, they need you to provide them with certain documents to comply with the relevant laws and rules.

IFS Markets Review: Account Application

IFS Markets Review: Account Application

IFS Markets Review: Conclusion

IFS Markets is a regulated broker with a reasonable selection of trading instruments, including a good choice of minor, exotic and major forex currency pairs. The provided MT4 platform is packed with features to satisfy the needs of all levels of trader. It is easy enough to use for a beginner whilst having enough advanced functionality to satisfy the more professional trader. The FIX API, MAM and ZuluTrade integration will also be useful for some investors. The broker also has a variety of account funding options

We would like to have seen a trader’s academy with some tutorial videos and trading guides to help traders improve their trading knowledge and skills. Daily market analysis would also be useful to help inspire trading ideas. The commissions are competitive although the non-commission accounts have increased spreads. Demo accounts expire if not used for 30 days whilst no swap free accounts are offered for Muslim traders. If you plan on trading markets other than Forex, you may want to consider another trading broker that has a larger non-FX product range.

OTC derivatives, including margin foreign exchange contracts and contract for differences are leveraged products that carry a high level of risk to your capital. Trading is not suitable to everyone. You may incur losses that are substantially greater than your initial investment. You do not own, or have any rights to, the underlying assets which the OTC derivative is referable to. You should only trade with money you can afford to lose. There are also risks associated with online trading including, but not limited to, hardware and/or software failures, and disruptions to communication systems and internet connectivity.

Min $1 Deposit

IFS Markets is a regulated trading broker providing Forex & CFD trading online via MT4 & FIX API. The broker has a limited range of non-FX assets but offer flexible funding options & account types. MAM accounts & ZuluTrade are available.