Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. We publish independent research, not investment advice. Risk disclosure
IFC Markets is a forex and CFD brand established in 2006 and offered through ifcmarkets.com and regional websites with its own NetTradeX platform and MetaTrader. Clients deal with IFCMARKETS. CORP., a British Virgin Islands company licensed by the BVI Financial Services Commission, which gives a physical address in Yerevan, Armenia and a postal address in Limassol, Cyprus. A sister company of the same group, IFC Markets Ltd, is listed as a money broker by the Labuan Financial Services Authority in Malaysia. The brand does not serve residents of the United States, Russia and the British Virgin Islands.
Research-based assessment This profile has not completed TTI’s on-site verification and 30-day platform review. How TTI verification works
Verified licences
Regulator
Licence
Legal entity
Register status
Source
British Virgin Islands Financial Services Commission (FSC)
Each licence was matched on the regulator’s own register on the date shown. Unverified claims are listed under Regulation and legal entities.
Assessment summary
IFCMARKETS. CORP., which serves IFC Markets’ clients, is on the BVI Financial Services Commission’s register as a currently regulated firm for dealing as principal and arranging deals; we read the register from recent archive copies because the FSC’s site refuses our requests, and IFC Markets’ own site is behind a bot check. A sister company, IFC Markets Ltd, is listed as a Labuan money broker, but the website does not say which clients it serves. The customer agreement transfers ownership of deposited money to the company, so clients have no proprietary claim over it even though it says funds are segregated, and it names no bank. The risk disclosure promises negative balance protection, but the withdrawals page lets IFC Markets reclaim negative balance compensations when a client withdraws. No compensation scheme or independent dispute body is available, the company publishes no accounts, names no managers and does not say who owns it, and changes to the agreement take effect when posted without notice. The website describes STP and ECN execution while the documents say the company is the counterparty and market maker. Regulators in Spain, Ontario, British Columbia, Manitoba, Ukraine and Russia have warned that IFC Markets is not authorised in their markets; Brazil’s 2009 order and Japan’s 2010 warning are more than ten years old.
Key positives
Client-facing entities appear on the regulator’s register 123
IFCMARKETS. CORP. appears on the BVI FSC’s register of currently regulated investment businesses, read from archive copies taken in April and September 2026, and IFC Markets Ltd appears on the Labuan FSA’s list of money brokers.
Regulatory claims on the website are accurate 123567
The BVI FSC licence and categories stated on the website and in the documents match the register and the licence certificate, and the history page’s statement that IFC Markets Ltd is licensed in Labuan matches the Labuan directory.
The BVI FSC lists IFCMARKETS. CORP. for dealing as principal and arranging deals in investments, which covers dealing in CFDs as the clients’ counterparty.
Both BVI FSC entries show the status “Currently Regulated Entities”, with no suspension or restriction shown, and the Labuan directory lists IFC Markets Ltd as a current money broker.
The website and agreement give IFCMARKETS. CORP.’s full name, registration number 669838 and registered address, which match GLEIF, as well as its physical and postal addresses.
Key concerns
Spain’s CNMV warns that IFC Markets is not authorised to provide investment services 19
Reduced the enforcement dimension by 2 points (low severity, 1.9 years before the review).
Ontario Securities Commission warns that IFCMARKETS. CORP. is not registered in Ontario 20
Reduced the enforcement dimension by 2 points (low severity, 2.4 years before the review).
On the British Columbia Securities Commission’s investment caution list 3132
Reduced the enforcement dimension by 2 points (low severity, 0.4 years before the review).
On the Ukrainian securities regulator’s list of doubtful investment projects 1834
Reduced the enforcement dimension by 2 points (low severity, 2.5 years before the review).
Listed by the Bank of Russia among entities with signs of illegal activity in the financial market 3536
Reduced the enforcement dimension by 1 points (low severity, 5.7 years before the review, counted at half weight).
Breakdown by dimension
Each dimension is scored from its criteria, then weighted. Dimensions without enough evidence are left out and the remaining weights are rescaled. Open a dimension to see every criterion, our rationale and the sources.
Regulatory status and licence verification 26% of score 95 out of 100
Whether the firm’s licences exist, are current and cover what it offers.
Met
Client-facing entities appear on the regulator’s register 123
IFCMARKETS. CORP. appears on the BVI FSC’s register of currently regulated investment businesses, read from archive copies taken in April and September 2026, and IFC Markets Ltd appears on the Labuan FSA’s list of money brokers.
Both BVI FSC entries show the status “Currently Regulated Entities”, with no suspension or restriction shown, and the Labuan directory lists IFC Markets Ltd as a current money broker.
The BVI FSC lists IFCMARKETS. CORP. for dealing as principal and arranging deals in investments, which covers dealing in CFDs as the clients’ counterparty.
Met
Regulatory claims on the website are accurate 123567
The BVI FSC licence and categories stated on the website and in the documents match the register and the licence certificate, and the history page’s statement that IFC Markets Ltd is licensed in Labuan matches the Labuan directory.
Partly met
Clients can tell which regulated entity serves them 5678910
The website footers, legal page and documents name IFCMARKETS. CORP. as the company clients deal with, under its BVI licence. But the history page names a Labuan-licensed IFC Markets Ltd and the sign-up form contains a hidden Labuan option, without saying which clients it applies to.
Criteria and their weighting are explained in the methodology.
Corporate transparency and ownership 13% of score 52 out of 100
Whether you can find out who owns and runs the firm.
The website and agreement give IFCMARKETS. CORP.’s full name, registration number 669838 and registered address, which match GLEIF, as well as its physical and postal addresses.
IFC Markets refers to the IFCM Group without naming its owners, GLEIF reports no parent for IFCMARKETS. CORP., and we found no official filing or published statement that names who owns the IFC Markets companies.
The legal page names IFCMARKETS. CORP. and the platform developer Nettradex Ltd as members of the group, and the history page describes the Labuan and Cyprus subsidiaries, but IFC Markets does not name a parent company or explain how the companies are owned.
IFC Markets’ website and documents name no directors or senior managers. Only the Labuan directory names a director of the sister company IFC Markets Ltd.
The customer agreement says customer funds are held with a reputable custodian, bank or payment provider and segregated from the company’s own funds, but another clause transfers title to deposited money to the company, so clients have no proprietary claim over it and it is subject to the company’s lien and set-off.
Partly met
Retail clients have negative balance protection 4101415
The risk disclosure provides negative balance protection per trading account and the FAQ says negative balances are generally reset to zero, but the agreement says losses may exceed equity and the withdrawals page reserves the right to charge clients the negative balance compensations they received when they withdraw.
No investor compensation scheme covers clients of IFCMARKETS. CORP.; the professional indemnity insurance the company carries does not compensate clients if it fails.
The withdrawals page lists methods, commissions, minimum and maximum amounts and processing times, and the agreement sets out the conditions and a target of two business days.
Criteria and their weighting are explained in the methodology.
Enforcement and substantiated adverse findings 13% of score 91 out of 100
Regulator warnings, enforcement actions and final legal findings on record.
Starts at 100 and loses points for each substantiated adverse finding by severity and age. Allegations, complaints and clone
warnings never count. Total deducted: 9.5 points.
Met
Warning lists and enforcement records have been searched 1317181920212223
We searched CySEC’s decisions, the CVM’s acts, the CNMV’s warnings, Canadian regulators’ warnings, the Indian, Malaysian, Japanese, Russian and Ukrainian lists and the BVI and Labuan registers, and ran web searches of other regulators’ warnings. The findings are listed on this profile.
Regulator warning
Spain’s CNMV warns that IFC Markets is not authorised to provide investment services 19
9 Dec 2024. Reduced the enforcement dimension by 2 points (low severity, 1.9 years before the review).
Regulator warning
Ontario Securities Commission warns that IFCMARKETS. CORP. is not registered in Ontario 20
18 Jun 2024. Reduced the enforcement dimension by 2 points (low severity, 2.4 years before the review).
Regulator warning
On the British Columbia Securities Commission’s investment caution list 3132
12 Jun 2026. Reduced the enforcement dimension by 2 points (low severity, 0.4 years before the review).
Regulator warning
Manitoba Securities Commission cautions investors about IFC Markets 33
4 Jun 2020. Reduced the enforcement dimension by 0.5 points (low severity, 6.4 years before the review, counted at a quarter of its weight).
Regulator warning
On the Ukrainian securities regulator’s list of doubtful investment projects 1834
19 Apr 2024. Reduced the enforcement dimension by 2 points (low severity, 2.5 years before the review).
Regulator warning
Listed by the Bank of Russia among entities with signs of illegal activity in the financial market 3536
1 Feb 2021. Reduced the enforcement dimension by 1 points (low severity, 5.7 years before the review, counted at half weight).
Regulator warning
Warned by Japan’s Financial Services Agency in 2010 for soliciting derivatives business without registration 21
22 Dec 2010. Not counted: more than 10 years old at the review date.
Enforcement action
Brazil’s CVM issues a stop order against IFC Markets Corp (2009) 22
25 Sept 2009. Not counted: more than 10 years old at the review date.
Criteria and their weighting are explained in the methodology.
Complaint handling and documented resolutions 8% of score 25 out of 100
How the firm handles complaints, and what independent records show.
A complaints handling procedure is published and complaints go through a form on the website, but it gives no response time and no postal or email address for complaints.
The complaints procedure and agreement name no ombudsman or independent dispute body, and disputes go to the courts of the BVI. IFC Markets is not listed as a member of the Financial Commission.
Not determined
Independent complaint outcomes show no adverse pattern
IFC Markets has no UK or Australian company, and we found no published dispute-body outcomes for its companies.
The complaints procedure mentions internal reports only, and we found no complaint statistics published by IFC Markets or by a regulator or dispute body for its companies.
Criteria and their weighting are explained in the methodology.
Trading terms and operational transparency 8% of score 89 out of 100
Whether costs, execution and risks are disclosed before you sign up.
Partly met
Costs are disclosed before account opening 1014162526
Spreads, commissions, swap rates and deposit and withdrawal fees are published, but the agreement lets the company add an unstated mark-up to currency conversions and charge further fees it determines, and some payment fees are shown only as “varies”.
The execution page describes STP and ECN execution through unnamed liquidity providers, while the risk disclosure and agreement say the company deals as principal and market maker and summarise its conflicts; the conflict of interest policy was not available in a copy from the last 12 months, and no counterparties are named.
Met
The client agreement is available before sign-up 461024
The customer agreement, risk disclosure and complaints procedure can be read without opening an account.
Maximum leverage by account (1:200, or 1:400 on micro accounts), reduced leverage for large positions and stock CFDs, and the 10% stop out level are published; the agreement lets the company set a different stop out level for a client.
Each page warns that capital is at risk and a full risk disclosure is published; no regulator requires IFC Markets to state the share of accounts that lose money.
Criteria and their weighting are explained in the methodology.
Public disclosures and communication 4% of score 83 out of 100
Whether public claims hold up and the firm communicates openly.
Partly met
Marketing claims are accurate and attributable 478252729
The BVI licence claim is accurate, and awards and the Lloyd’s insurance are attributed. But the website describes STP and ECN execution with “no middleman” while the company’s documents say it is the clients’ counterparty and market maker, and the about page’s client counter reads “0 K Clients”.
Met
An address and working contact channels are published 61130
Registered, physical and postal addresses, phone numbers, emails and chat channels are published, and the registered address matches GLEIF.
The agreement is dated, but changes to it take effect immediately when posted and clients waive any right to specific notice; fee changes are posted on the website.
Criteria and their weighting are explained in the methodology.
On-site office verification 5% of score 0 out of 100
What our visit confirmed in person: a real, staffed office of the assessed entity, not a ghost address.
We have not checked this firm’s office in person, so this dimension scores zero. We check offices through our on-site verification programme.
Not met
Real office at the stated address, not a ghost address
Not met
Office of the assessed entity
Not met
Staffed and operating
Criteria and their weighting are explained in the methodology.
On-site assessment and platform testing 10% of score Not assessed: no on-site assessment yet
What our on-site checks and 30-day platform testing found.
We have not completed an on-site assessment of this firm, so this dimension does not count and its weight is shared among the others.
Not determined
Company identity
Not determined
Regulatory claims
Not determined
Office visit
Not determined
Account opening
Not determined
Platform usability
Not determined
Costs and disclosures
Not determined
Customer support
Not determined
Deposits and withdrawals
Not determined
Trading functions
Not determined
Complaints process
Criteria and their weighting are explained in the methodology.
Regulation and legal entities
A brand can trade through several companies, each licensed in a different place with different protections. Check which entity your
account would be with.
IFCMARKETS. CORP.
Client-facing entity · Incorporated in British Virgin Islands · Company number 669838 · Clients worldwide through ifcmarkets.com and its regional sites; not residents of the US, Russia and the BVI
British Virgin Islands Financial Services Commission (FSC) · Reference SIBA/L/14/10732
Investment business: dealing in investments as principal; arranging deals in investments
Verified from Internet Archive copies of the FSC’s register taken on 30 September and 16 April 2026, because the FSC’s website refuses our requests. The register shows no licence number; the number and the grant date of 18 June 2014 come from the company’s licence certificate.
Affiliate · Incorporated in Malaysia · Group company licensed in Labuan; the website names it only in its history, and its sign-up form has an unlabelled Labuan option, so which clients it serves was not determined
Other · Incorporated in Cyprus · Company number HE 404377 · Developer of the NetTradeX trading platform, named on the legal information page as part of the group
No licence recorded for this entity.
IFCM Cyprus Limited
Other · Incorporated in Cyprus · Company number HE 276909 · The group’s former EU company, previously Infin Markets Limited; its CySEC licence 147/11 was withdrawn at its own request on 30 October 2024
No licence recorded for this entity.
Dated findings
Warnings, enforcement actions, legal findings, allegations and complaint records are labelled separately. What each label means.
Regulator warningActive
On the British Columbia Securities Commission’s investment caution list 3132
· British Columbia Securities Commission · Canada · Last checked 26 Oct 2026
On 29 May 2020 the British Columbia Securities Commission added IFCMARKETS. CORP. (www.ifcmarkets.com, ifcmfx.com) to its investment caution list, saying it accepts British Columbia residents as clients without being registered to trade or advise in the province. On 12 June 2026 it added an entry for “IFC Markets” with the websites ifcmir.com and login.ifcmiran.asia, a subdomain of IFC Markets’ Iranian site. We record the entries as one finding dated 12 June 2026.
Regulator warningActive
Spain’s CNMV warns that IFC Markets is not authorised to provide investment services 19
· Comisión Nacional del Mercado de Valores · Spain · Last checked 26 Oct 2026
On 9 December 2024 the CNMV warned that https://www.ifcmarkets.com, IFC MARKETS and IFCMARKETS.CORP are not authorised to provide investment services and activities in Spain, including foreign currency transactions. The warning is on the CNMV’s list of warned companies.
Regulator warningActive
Ontario Securities Commission warns that IFCMARKETS. CORP. is not registered in Ontario 20
· Ontario Securities Commission · Canada · Last checked 26 Oct 2026
On 18 June 2024 the Ontario Securities Commission issued an investor warning that IFCMARKETS. CORP., found at www.ifcmarkets.com, is not registered in Ontario to engage in the business of trading in securities.
Regulator warningActive
On the Ukrainian securities regulator’s list of doubtful investment projects 1834
· National Securities and Stock Market Commission (Ukraine) · Ukraine · Last checked 26 Oct 2026
On 19 April 2024 Ukraine’s National Securities and Stock Market Commission added “IFC Markets”, with the website ifcmarkets.com, to its list of unreliable investment projects, warning investors about persons whose activity in Ukraine is not regulated. The entry was still on the list when we checked on 26 October 2026.
Regulator warningActive
Listed by the Bank of Russia among entities with signs of illegal activity in the financial market 3536
· Bank of Russia · Russia · Last checked 26 Oct 2026
The Bank of Russia’s list of entities with detected signs of illegal activities in the financial market includes “IFCMARKETS. CORP (IFCM Group, IFC Markets)” and “IFCM Cyprus Limited (IFCM Group, IFC Markets)”, both with the websites ifcmarkets.ru and ifcmarkets.com, for signs of illegal professional securities market activity. Both entries were added on 1 February 2021 and were current on 26 October 2026; we record them as one finding.
Regulator warningActive
Manitoba Securities Commission cautions investors about IFC Markets 33
· Manitoba Securities Commission · Canada · Last checked 26 Oct 2026
On 4 June 2020 the Manitoba Securities Commission cautioned Manitobans about IFC Markets and ifcmarkets.com, which was advertising forex and CFD trading on local classified websites with references to the COVID-19 crisis, and said the firm is not, and has never been, registered to trade securities in Manitoba or elsewhere in Canada.
Regulator warningActive
Warned by Japan’s Financial Services Agency in 2010 for soliciting derivatives business without registration 21
· Financial Services Agency (Japan) · Japan · Last checked 26 Oct 2026
On 22 December 2010 Japan’s Financial Services Agency warned IFC Markets Corp. UK (IFC Markets), then of St John Street, London, for offering over-the-counter derivatives trading over the internet without registration in Japan; the list records the entry under January 2011, with an addition in June 2012. The warning is more than ten years old and no longer affects the score.
Enforcement actionConcluded
Brazil’s CVM issues a stop order against IFC Markets Corp (2009) 22
· Comissão de Valores Mobiliários · Brazil · Last checked 26 Oct 2026
The CVM’s dataset of declaratory acts (stop orders) against unauthorised intermediaries lists Ato Declaratório CVM 10.608 of 25 September 2009, published on 29 September 2009, against IFC MARKETS CORP. The act document no longer loads, so we rely on the dataset. The act is more than ten years old and no longer affects the score.
Company response
Firms can respond to their profile and to any finding. No response has been published for IFC Markets. How firms can respond.
IFCMARKETS. CORP.Company documentChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 30 September 2026 of the scanned certificate, read with text recognition. The BVI Financial Services Commission granted IFCMARKETS. CORP. an investment business licence under the Securities and Investment Business Act 2010 for dealing in investments as principal and arranging deals in investments, certificate SIBA/L/14/1073, dated 18 June 2014.
British Virgin Islands Financial Services CommissionRegulator recordChecked 26 Oct 2026British Virgin Islands
Internet Archive copies of the FSC’s entries, read because the FSC’s website refuses our requests. The copy taken on 30 September 2026 lists IFCMARKETS. CORP. with entity type “Arranging Deals in Investments” (entry dated 31 August 2026) and the copy of the companion entry taken on 16 April 2026 (https://www.bvifsc.vg/regulated-entities/ifcmarkets-corp-0) lists it with entity type “Dealing as Principal”, both with status “Currently Regulated Entities”. The FSC’s investment business search, archived on 9 February 2026, returns both entries. The register shows no licence number.
Labuan Financial Services AuthorityRegulator recordChecked 26 Oct 2026Malaysia
Read through the directory’s public search service. The list of money brokers (updated 9 September 2026) includes IFC Markets Ltd, Level 14B & 14C, Main Office Tower, Financial Park Complex, Jalan Merdeka, Labuan, with Mr. Eduard Kalashyan as director and principal officer and an ifcmfx.com email address. The directory shows no licence numbers, and no other list in it names an IFC Markets company.
IFCMARKETS. CORP.Company documentChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 5 November 2025. Says every transaction is entered into by the company as principal and that it makes a market in its products, and that the company provides negative balance protection per trading account, so the client is not required to cover a negative balance.
IFCMARKETS. CORP.Company statementChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 26 September 2026, read because every ifcmarkets.com page and document returns a Cloudflare challenge to us (not circumvented). The footer says IFCMARKETS. CORP. is incorporated in the British Virgin Islands under registration number 669838 and licensed by the BVI FSC to carry out investment business under certificate SIBA/L/14/1073, gives the registered address Quijano Chambers, P.O. Box 3159, Road Town, Tortola and the physical address 1-31 Yekmalyan Street, Yerevan, Armenia, warns that capital is at risk without a loss percentage, and says IFCMARKETS. CORP. does not serve residents of the US, Russia and the BVI. The page advertises spreads from 0.0 pips, deposits from $15 and a 10% stop out level, and links language versions on regional domains such as ifcm.co.uk, ifcmarkets.my, ifcmarkets.ae and ifcmiran.asia.
IFCMARKETS. CORP.Company statementChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 11 October 2026. Says “the group of companies” has operated for 20 years and lists IFCMARKETS. CORP., a forex trading services provider incorporated in the BVI under number 669838, and Nettradex Limited, developer of the NetTradeX platform, registered in Cyprus under HE 404377. IFCMARKETS. CORP. is licensed by the BVI FSC under certificate SIBA/L/14/1073 for dealing in investments as principal and arranging deals in investments. It gives the postal address AGP Chambers, 84 Spyrou Kyprianou Avenue, Limassol, the registered address in Road Town and the physical address in Yerevan, and links the customer agreement, terms of business, risk disclosure, AML policy, privacy and cookie policies, complaints handling procedure and conflict of interest policy.
IFCMARKETS. CORP.Company statementChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 16 June 2026. “The Story of IFCM Group” from 2006 to 2023 says the group created a subsidiary regulated by CySEC, that IFC Markets received its BVI FSC licence, that the group created IFC Markets Ltd, licensed by the Labuan Financial Services Authority, and that the professional indemnity insurance is with Hamilton Group’s Syndicate 4000 at Lloyd’s.
IFCMARKETS. CORP.Company statementChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 12 October 2026. Says IFC Markets was established in 2006, claims 33 awards from international financial magazines, says IFCMARKETS. CORP. is licensed by the BVI FSC and carries professional indemnity insurance from Lloyd’s of London, and links the BVI FSC’s register. A counter reads “Why 0 K Clients Choose IFC Markets”. The sign-up form contains a hidden choice between “IFCMARKETS. CORP. (BVI FSC)” and an untranslated “REGULATION_LABUAN” option. The page names no directors or managers and does not say who owns the companies.
IFCMARKETS. CORP.Company statementChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 12 March 2026 (the live site returns 403 to us). Like the UK-domain site ifcm.co.uk (copy of 17 May 2026), its footer names only IFCMARKETS. CORP. and its BVI FSC licence; neither mentions IFC Markets Ltd.
IFCMARKETS. CORP.Company documentPublished 29 May 2025Checked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 9 May 2026. Agreement with IFCMARKETS. CORP. (BVI company 669838, licence SIBA/L/14/1073 for dealing as principal and arranging deals), which carries professional indemnity insurance. Clause 41 transfers title to money deposited: it is owed by the company to the client, who has no proprietary claim over it, and it is subject to a lien and set-off; clause 42 says customer funds are held with a reputable custodian, bank or payment provider and segregated from the company’s funds, and that the company is not liable if that institution fails. The company may act as market maker and counterparty, may widen spreads and take the difference as remuneration, and refers to a conflict of interest policy. Losses may substantially exceed the client’s equity. The stop out level is set at the company’s discretion and may differ for a client without notice. Currency conversions may include an unstated mark-up. Withdrawals are processed within two business days. Changes to the agreement take effect immediately when posted and the client waives any right to specific notice. Complaints follow the published procedure; BVI law and courts apply.
Global Legal Entity Identifier FoundationOfficial filingChecked 26 Oct 2026
The LEI index records IFCMarkets. Corp. (LEI 549300FCBB0VR4GVTP81, registered as 669838, Quijano Chambers, Road Town), whose LEI lapsed after November 2025 and which reported no consolidating parent; Nettradex Ltd (LEI 213800QGYY3VF1G9ZQ85, HE 404377, The Riverside Forum, Nicosia), owned by natural persons who are not named; and IFCM Cyprus Limited (LEI 54930061WVB2PY0VOY32, HE 276909, Limassol), lapsed.
Department of Registrar of Companies and Intellectual Property, CyprusOfficial filingChecked 26 Oct 2026Cyprus
The registry lists NETTRADEX LTD (HE 404377) and IFCM CYPRUS LIMITED (HE 276909, previously Infin Markets Limited) as registered companies. Its free search does not show officers or shareholders.
Cyprus Securities and Exchange CommissionRegulator recordPublished 27 Nov 2024Checked 26 Oct 2026Cyprus
Announced on 27 November 2024: on 30 October 2024 CySEC withdrew the Cyprus investment firm authorisation No. 147/11 of IFCM Cyprus Ltd (LEI 54930061WVB2PY0VOY32) because the company expressly renounced it.
IFCMARKETS. CORP.Company statementChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 10 October 2026. Lists withdrawal methods with commissions (for example the bank’s fee plus GBP 20 for wire transfers, 3% for open banking), processing times for most methods and limits. A footnote says that when a client asks for a withdrawal, IFC Markets reserves the right to charge the client the accrued negative balance compensations for all accounts and to cancel bonuses.
IFCMARKETS. CORP.Company statementChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 26 July 2026. Says a balance that turns negative after a stop out is “generally” returned to zero automatically, otherwise on request, and that on MetaTrader the compensation is made as a credit; that swaps are shown on each instrument’s page; that accounts without funds or activity become inactive; and that funds can be withdrawn only to the method used for depositing.
IFCMARKETS. CORP.Company statementChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 23 October 2026. Lists deposit methods (bank transfer, cards, crypto-currencies, open banking, African local banks, mobile money, WebMoney with a 20% fee, Volet and domestic transfers) with processing times, fees and minimum and maximum amounts, and says the matching withdrawal method for each.
Cyprus Securities and Exchange CommissionRegulator recordChecked 26 Oct 2026Cyprus
We searched all 1,173 board decisions in CySEC’s online list (announced from 2014 to 2 October 2026) and on 26 October 2026 the newest announcements, to 16 October 2026, for IFC Markets, IFCM and Nettradex. The only decision about a group company is the 2024 withdrawal of IFCM Cyprus Ltd’s authorisation at its own request. A 2022 withdrawal for IFC Investments Cyprus Ltd concerns a company we could not link to IFC Markets.
National Securities and Stock Market Commission of UkraineRegulator recordChecked 26 Oct 2026Ukraine
The current list still includes IFC Markets (https://www.ifcmarkets.com/). The NSSMC lists projects that match one or more of its signs of doubtful or unfair raising of investors’ funds.
Comisión Nacional del Mercado de ValoresRegulator recordPublished 9 Dec 2024Checked 26 Oct 2026Spain
Warning of 9 December 2024, found through the CNMV’s search engine for warned companies, that https://www.ifcmarkets.com, IFC MARKETS and IFCMARKETS.CORP are not authorised to provide investment services and activities in Spain, including foreign currency transactions.
Ontario Securities CommissionRegulator recordPublished 18 Jun 2024Checked 26 Oct 2026Canada
Warning dated 18 June 2024 that IFCMARKETS. CORP., found at www.ifcmarkets.com, is not registered in Ontario to engage in the business of trading in securities. It lists the Yerevan, Limassol and Road Town addresses.
Financial Services Agency of JapanRegulator recordPublished 23 Oct 2026Checked 26 Oct 2026Japan
Lists IFC Markets Corp. UK (IFC Markets), 2nd Floor, 145-157 St John Street, London, for over-the-counter derivatives trading over the internet without registration, under January 2011 with an addition in June 2012. Another entry, for TT Web Services Ltd., dates the warning to IFC Markets Corp. UK as 22 December 2010.
Comissão de Valores Mobiliários (Brazil)Regulator recordChecked 26 Oct 2026Brazil
Downloaded on 26 October 2026 (914 acts). Lists Ato Declaratório 10.608 of 25 September 2009 (published 29 September 2009) against IFC MARKETS CORP, and no other act against an IFC Markets company. The linked act document no longer loads.
Cyprus Securities and Exchange Commission; and othersRegulator recordChecked 26 Oct 2026
On 26 October 2026 we searched CySEC’s board decisions, the CVM’s declaratory acts, the FCA’s investment firms list, the CNMV’s warned-companies search, the Reserve Bank of India’s alert list (19 November 2025), the Securities Commission Malaysia’s and Bank Negara Malaysia’s alert lists (both read on 26 October 2026), the Japan FSA’s list of warned unregistered firms (23 October 2026), the Bank of Russia’s list, the NSSMC’s list, the Labuan FSA directory and the OSC, BCSC and Manitoba warnings for IFC Markets, IFCMARKETS. CORP., IFCM and the group’s companies, and ran web searches of the FCA, Consob, AMF and other regulators’ warnings. We found the warnings and orders recorded here and no fine or sanction against an IFC Markets company.
IFCMARKETS. CORP.Company documentChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 9 May 2026. Complaints are submitted through a form on the website, logged, investigated and answered “within an agreed timeframe”. The procedure gives no response time, no postal or email address and no external body to escalate to.
IFCMARKETS. CORP.Company statementChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 14 October 2026. Compares the Classic, Direct, Pro and ECN accounts on NetTradeX, MetaTrader 4 and MetaTrader 5: initial deposit 1,000 USD (15 USD for micro accounts), maximum leverage 1:200 (1:400 for micro accounts), fixed spreads from 1.8 pips, floating from 0.4 or 0.1 pips and raw from 0.0 pips, a 0.005% commission on the ECN account and a stop out (short margin) level of 10% on every account. The ECN page says the account gives access directly to the liquidity providers’ pool with “no middleman”.
IFCMARKETS. CORP.Company statementChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 12 October 2026. Gives the instrument’s fixed and floating minimum spreads (1.8 and 0.4 pips), margin and long and short swap rates; the FAQ says each instrument has such a page.
IFCMARKETS. CORP.Company statementChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 30 May 2026. Says IFC Markets executes orders under an STP or ECN model depending on the account, routing them among liquidity providers, Tier 1 banks and ECN platforms, which it does not name, with an average execution time under 20 milliseconds.
IFCMARKETS. CORP.Company statementChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 13 October 2026. Publishes maximum leverage by account and balance, says positions are closed when the margin level falls to 10%, starting with the least profitable, that leverage falls to 1:20 for total positions of 20 million USD, that margin may be doubled at weekends and holidays with prior notice and that stock CFDs carry 1:20 leverage.
IFCMARKETS. CORP.Company statementChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 11 October 2026. Lists awards from 2022 to 2025 with the organiser and year of each, such as World Business, Global Business and Finance Magazine and Gazet International.
IFCMARKETS. CORP.Company statementChecked 26 Oct 2026British Virgin Islands
Internet Archive copy taken on 10 October 2026. Gives live chat, Telegram and WhatsApp contacts, support and trading desk phone numbers in the UK, Canada, Mexico and Colombia, support hours by language and email addresses such as support@ifcmarkets.com.
British Columbia Securities CommissionRegulator recordPublished 29 May 2020Checked 26 Oct 2026Canada
Published on 29 May 2020. IFCMARKETS. CORP., which claims to be incorporated in the BVI and offers CFD and forex trading, accepts British Columbia residents as clients but is not registered to trade in or advise on securities or derivatives in the province. Websites: www.ifcmarkets.com and ifcmfx.com.
British Columbia Securities CommissionRegulator recordPublished 12 Jun 2026Checked 26 Oct 2026Canada
Published on 12 June 2026. Warns that IFC Markets is not registered with the BCSC, with the websites https://ifcmir.com and https://login.ifcmiran.asia; ifcmiran.asia is the domain of IFC Markets’ own Iranian site. ifcmir.com did not resolve when we checked.
Manitoba Securities CommissionRegulator recordPublished 4 Jun 2020Checked 26 Oct 2026Canada
News release of 4 June 2020 cautioning Manitobans about IFC Markets and ifcmarkets.com, which was advertising forex and CFD trading on Manitoba classified websites with references to the COVID-19 crisis, and which is not, and has never been, registered to trade securities in Manitoba or any other Canadian jurisdiction.
National Securities and Stock Market Commission of UkraineRegulator recordPublished 19 Apr 2024Checked 26 Oct 2026Ukraine
Announces 14 cases added to the NSSMC’s list of unreliable investment projects, including “IFC Markets” with the website https://www.ifcmarkets.com/, and reminds investors of the risks of dealing with persons whose activity in Ukraine is not regulated.
Bank of RussiaRegulator recordChecked 26 Oct 2026Russia
Lists “IFCM Cyprus Limited (IFCM Group, IFC Markets)”, Marinou Geroulanou 6, Kato Polemidia, Cyprus, with the websites ifcmarkets.ru and ifcmarkets.com, for signs of illegal professional securities market activity. Added on 1 February 2021, last updated on 29 April 2021 and current on 26 October 2026.
Bank of RussiaRegulator recordChecked 26 Oct 2026Russia
Lists “IFCMARKETS. CORP (IFCM Group, IFC Markets)”, Quijano Chambers, Road Town, with the websites ifcmarkets.ru and ifcmarkets.com, for signs of illegal professional securities market activity. Added on 1 February 2021, last updated on 29 April 2021 and current on 26 October 2026.
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