Company Overview
IFS Markets is presented as an online forex and commodities broker that originally claimed to be established in 2008 with headquarters in Sydney, Australia. However, the broker is now considered a Suspected Fake Clone. Its official website (https://www.ifsmarkets.com/) is currently inaccessible.
General Information
• Founded: 2023 (suspected clone)
• Registered Region: Australia
• Regulation: Suspected Fake Clone
• Market Instruments: Forex, Indices, Commodities
• Demo Account: Not specified
• Leverage: Up to 1:400
• Spread: Starting from 0.0 pips
• Platform: MetaTrader 4 (MT4)
• Minimum Deposit: $100
Pros and Cons
Pros
• Commission-free Standard Account
• High leverage up to 1:400
• Supports MT4 platform
Cons
• Identified as a suspected fake clone
• Relatively high minimum deposit ($100)
Regulatory Status
IFS Markets previously held an ASIC license in Australia (license number 323193) under FTX Australia Pty Ltd as a Market Maker (MM). However, it is now flagged as a suspected fake clone, raising doubts about its legitimacy and regulatory compliance.
Trading Instruments
IFS Markets offers several common asset classes:
• Forex: 45 currency pairs (major and cross pairs)
• Indices: 14 global stock indices
• Commodities: Gold, silver, crude oil
The broker does not provide access to cryptocurrencies, shares, or other metals beyond gold and silver.
Account Types
Two account types are available:
• Standard Account: Minimum deposit $100, spreads from 1.1 pips, no commission
• Professional Account: Minimum deposit $300, spreads from 0.0 pips, commission $7 per 10,000 contracts
Leverage
• Forex: Up to 1:400
• Gold: Up to 1:100
• Silver: Up to 1:50
Fees and Spreads
• Standard Account: Spread-only model, starting at 1.1 pips
• Professional Account: Spreads from 0.0 pips, with $7 commission per 10,000 contracts
• Swap Rates (examples):
• EUR/USD: Long $5.28 | Short $0.20
• GBP/USD: Long $5.27 | Short $3.86
• AUD/USD: Long $3.65 | Short $2.79
• USD/JPY: Long $2.12 | Short $4.50
Trading Platform
IFS Markets supports MetaTrader 4 (MT4), available on both PC and mobile devices, suitable for traders of all experience levels.
Deposits and Withdrawals
Funding methods include credit/debit cards, online banking, wire transfers, e-wallets, and Bitcoin. Fees and processing times vary:
• Credit/Debit Cards (AUD, USD, JPY, EUR, NZD, GBP, CAD, SGD): 2% fee, instant processing
• Online Banking (RMB, THB, IDR, MYR, VND): Free, 1–2 business days
• Wire Transfers (AUD, USD, SGD, GBP, EUR): Free, 2–5 business days
• E-wallets (Skrill, Neteller, Fasapay): Varying fees, variable processing time
• Bitcoin: 1.5% fee, instant processing
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