Who is IFEMarkets.com
Founded in 2017, IFEMarkets is a global online broker that offers a wide range of financial instruments for trading in the forex, CFD and cryptocurrency markets. The company is headquartered in Australia and is regulated by the Australian Securities and Investments Commission (ASIC).
IFEMarkets offers its clients a choice of two account types – Standard and Pro – which offer different levels of leverage and spreads. The Standard account offers a maximum leverage of 1:400 and floating spreads from 0.0 pips, while the Pro account offers a maximum leverage of 1:500 and fixed spreads from 0.0 pips. Both account types offer a minimum deposit of $100 and access to the MetaTrader 4 platform.
In addition to forex and CFDs, IFEMarkets also offers trading in cryptocurrencies, including Bitcoin, Ethereum, Litecoin and Dash. Cryptocurrency trading is available on the MT4 platform with leverage of up to 1:5.
IFEMarkets is committed to providing its clients with a secure and reliable trading environment. The company uses SSL encryption to protect client data and funds are held in segregated accounts with major banks. IFEMarkets is also a member of the Financial Commission (FinaCom), an independent dispute resolution service for forex brokers.
What services does IFEMarkets.com offer?
IFEMarkets.com is a forex broker that offers a variety of services to its clients. These services include:
-A wide variety of currency pairs: IFEMarkets.com offers its clients a wide variety of currency pairs to trade, including major, minor, and exotic pairs.
-Leverage up to 1:500: IFEMarkets.com offers its clients leverage of up to 1:500, which can be used to trade larger positions or take advantage of market movements.
-Competitive spreads: IFEMarkets.com offers its clients competitive spreads on all of the currency pairs it offers.
-Rapid execution: IFEMarkets.com prides itself on its rapid execution speed, which ensures that trades are filled quickly and at the best possible prices.
-24/5 customer support: IFEMarkets.com offers its clients 24/5 customer support via live chat, email, and telephone.
How to open an account with IFEMarkets.com
In order to open an account with IFEMarkets.com, you will need to provide some personal information such as your name, address, and date of birth. You will also need to create a username and password. Once you have completed these steps, you will be able to access your account and begin trading.
Is IFEMarkets a legit or scam forex broker?
When it comes to online forex trading, there are a lot of different brokerages to choose from. So, how do you know if a broker is legit or not? In this IFEMarkets review, we’ll take a look at the company’s background, licensing, and security to see if they’re a reliable option for forex traders.
IFEMarkets is owned by IFE Global Ltd., a holding company based in the Marshall Islands. The brokerage itself is located in St. Vincent and the Grenadines. While the Marshall Islands is not known for its financial regulation, St. Vincent and the Grenadines is a member of the International Organization of Securities Commissions (IOSCO), which provides some level of oversight.
IFEMarkets is licensed by the St. Vincent and the Grenadines Financial Services Authority (FSA). The FSA requires brokers to maintain segregated client accounts and keep their clients’ funds separate from their own operating funds. This protects clients’ money in the event that the brokerage becomes insolvent. However, it’s worth noting that the FSA does not have a reputation for being particularly stringent when it comes to forex regulation.
In terms of security, IFEMarkets uses SSL encryption to protect its website and client accounts. They also have implemented two-factor authentication for logging into client accounts. Overall, they seem to be taking appropriate steps to safeguard their clients’ information and funds.
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Pros and cons of IFEMarkets
If you are looking for a new forex broker, you may have come across IFEMarkets.com. In this review, we will take a look at the pros and cons of this broker to help you decide if it is the right choice for you.
The first thing to note about IFEMarkets is that they offer a very comprehensive trading platform. This includes all the major currency pairs, as well as a wide range of other assets such as commodities, indices, and shares. This gives you a lot of choice when it comes to your trading strategy.
Another plus point for IFEMarkets is that they offer very competitive spreads. This means that you can trade with less risk and potentially make more profits.
However, there are also some drawbacks to using this broker. One is that they do not currently offer any bonuses or promotions. This could be seen as a negative if you are looking for an incentive to open an account with them.
Another potential drawback is that their customer support team is not available 24 hours a day. This could be problematic if you need help outside of normal office hours.
Overall, IFEMarkets is a solid choice for a forex broker. They offer a great platform with lots of features and a wide range of assets to trade in. However, there are some downsides to using them which should be considered before making your final decision.
Conclusion
If you’re looking for a reliable and legitimate forex broker, IFEMarkets.com is definitely worth checking out. With its low spreads and user-friendly platform, it’s no wonder that this broker has gained a loyal following among forex traders. So if you’re thinking of giving forex trading a try, be sure to give IFEMarkets.com a look.