Written by ForexBrokers.com
In this head to head comparison of IFC Markets vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Founded in 2006, IFC Markets is not publicly traded or a bank. It holds one Tier-2 license but no Tier-1 licenses, which ForexBrokers.com considers highly trusted. With a Trust Score of 73, IFC Markets is seen as having an average risk by ForexBrokers.com standards. This suggests that while it is not unattractive for traders, there are areas where it could enhance its credibility, especially in securing higher-trust licenses.
FXOpen, established in 2003, shares the characteristic of not being publicly traded or a bank, similar to IFC Markets. However, FXOpen stands out as it holds two Tier-1 licenses, indicating a higher level of trust according to ForexBrokers.com. This is reflected in its Trust Score of 76, which places it in the "trusted" category. Overall, FXOpen offers a more secure and dependable option for traders, underscored by its higher Trust Score and licenses.
| Feature |
IFC Markets
|
FXOpen
|
|---|---|---|
| Year Founded | 2006 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
Comparing commissions and fees, both IFC Markets and FXOpen earn 4 out of 5 stars. In ForexBrokers.com’s Commissions and Fees category, IFC Markets ranks #40 out of 63 brokers, while FXOpen ranks #45 out of 63. If you’re weighing trading costs, IFC Markets publishes more concrete pricing details, whereas FXOpen’s average spread data isn’t available for direct comparison.
IFC Markets lists an average EUR/USD spread of 1.44 pips, which is higher than the industry average of 1.08 pips and therefore a bit less competitive on standard pricing. Active traders can find better value via the ECN account, where the effective cost comes out to about 1.1 pips after factoring in the 0.005% commission charged on both sides of each trade. IFC Markets also does not charge inactivity fees and offers active trader discounts. Rating: 4/5 stars; Rank: #40/63.
FXOpen does not provide average spread data, making apples-to-apples comparisons harder. Given its 4/5 rating and #45/63 ranking for commissions and fees, traders should review the broker’s account types and any applicable commissions or discounts to gauge real-world costs for their strategy. Rating: 4/5 stars; Rank: #45/63.
| Feature |
IFC Markets
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $1 | $100 |
| Average spread (EUR/USD) - Standard account | 1.44 | N/A |
| All-in Cost EUR/USD - Active | 1.1 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IFC Markets vs FXOpen: Both brokers support forex trading (CFD/spot) and offer copy trading, plus access to crypto via CFDs (not delivered coins). The big difference is breadth. IFC Markets lists 630 tradeable symbols and 49 forex pairs, while FXOpen offers 87 symbols and 25 pairs. That makes IFC Markets the better pick if you want more markets to explore.
Neither broker lets you buy U.S.-listed stocks outright, but IFC Markets does provide access to some exchange-traded shares on international markets, whereas FXOpen does not. For Range of Investments, IFC Markets earns 3.5/5 stars and ranks #44 out of 63 brokers, while FXOpen scores 3/5 stars and ranks #63. If you value a wider selection, go with IFC Markets; if you just need core markets and features like copy trading and crypto CFDs, FXOpen covers the basics.
| Feature |
IFC Markets
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 630 | 87 |
| Forex Pairs (Total) | 49 | 25 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers |
Dive deeper: Best Copy Trading Platforms.
Comparing IFC Markets and FXOpen on trading platforms and tools, both brokers cover the essentials: free demo accounts for paper trading, Windows desktop and web-based platforms, copy trading, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and the ability to place trades directly from charts. One key difference is that IFC Markets also offers its own proprietary platform, while FXOpen sticks to third-party options. If you want an in-house platform alongside MetaTrader, IFC Markets has the edge.
Both brokers earn 4 out of 5 stars for Trading Platforms and Tools. In ForexBrokers.com’s category rankings out of 63 brokers, IFC Markets is placed at #37, while FXOpen is #54. Choose IFC Markets if you value having a proprietary platform in addition to MT4/MT5; choose either broker if your priorities are MetaTrader access, chart trading, Windows desktop and browser-based platforms, and a free demo account to practice.
| Feature |
IFC Markets
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing IFC Markets vs FXOpen for mobile trading, both brokers deliver full-featured iPhone and Android apps with forex and stock price alerts, 30 built-in technical studies, and the ability to draw trendlines on charts. The key difference is syncing: IFC Markets lets you sync your watchlist between the mobile app and your online account, so symbols you add or remove update across devices. FXOpen does not support watchlist syncing, which means you’ll manage symbols separately on each device.
Chart annotations are also handled differently. IFC Markets automatically saves your drawings on charts, while FXOpen does not. Both apps earn 4 out of 5 stars for Mobile Trading Apps. In ForexBrokers.com’s rankings out of 63 brokers, IFC Markets places at #53 and FXOpen at #55. If synced watchlists and saved chart notes matter to you, IFC Markets has the edge; if you’re fine managing these manually, both apps cover the essentials for on-the-go trading.
| Feature |
IFC Markets
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Comparing IFC Markets vs FXOpen for market research: both brokers publish daily market commentary and offer an economic calendar. FXOpen stands out for delivering forex news from top-tier sources like Bloomberg/Reuters/Dow Jones, while IFC Markets does not. On the flip side, IFC Markets includes a sentiment tool that shows long/short positioning across instruments, which FXOpen lacks. Neither broker provides research tools from Autochartist or Trading Central. TipRanks and Acuity Trading tools are not offered by IFC Markets; availability at FXOpen isn’t specified.
In independent ratings, IFC Markets scores 3.5/5 for research and ranks #41 out of 63 brokers, while FXOpen scores 3/5 and ranks #64. If premium news feeds matter most, FXOpen is the better fit; if you want a sentiment gauge and a slightly higher research score, IFC Markets has the edge.
| Feature |
IFC Markets
|
FXOpen
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
IFC Markets offers a stronger learning path for new traders than FXOpen. IFC Markets provides at least 10 beginner videos and at least 10 advanced videos, giving you clear, step-by-step lessons as you grow. FXOpen does not reach the 10-video mark for either beginner or advanced topics. Neither broker runs monthly educational webinars, so live online classes aren’t part of the experience with either option.
Ratings back up this gap: IFC Markets scores 3.5 out of 5 stars for Education and ranks #30 out of 63 brokers on ForexBrokers.com, while FXOpen earns 3 stars and ranks #59. If you want a larger video library to learn forex and CFDs at your own pace, IFC Markets is the better fit. If regular webinars are important to you, note that both brokers currently fall short in that area.
| Feature |
IFC Markets
|
FXOpen
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that IFC Markets is better than FXOpen. IFC Markets finished with an overall rank of #45, while FXOpen finished with an overall rank of #54.
IFC Markets is a well-established broker that has been in operation for 17 years. Forex traders at IFC Markets gain access to multiple trading platforms, a growing range of tradeable markets, and a balanced offering of research and educational content. However, IFC Markets’ Trust Score suffers due to the broker’s limited range of regulatory licenses.
| Feature |
IFC Markets
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FXOpen
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| Trust Score | 73 | 76 |
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Comparing IFC Markets vs FXOpen for cryptocurrency trading, neither broker lets you buy actual (delivered) crypto, but both allow trading cryptocurrency CFDs.
Comparing online brokers IFC Markets vs FXOpen on deposit and withdrawal methods: IFC Markets does not support ACH/SEPA, PayPal, or Skrill, supports bank wire transfers, and has unspecified Visa/Mastercard support, while FXOpen also does not support ACH/SEPA and has unspecified availability for PayPal, Skrill, Visa/Mastercard, and bank wire transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | IFC Markets | FXOpen | |
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| Trust Score | 73 | 76 | |
| Winner | check_circle | ||
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| Broker Screenshots | IFC Markets | FXOpen | |
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| Broker Gallery (click to expand) |
| Regulation | IFC Markets | FXOpen | |
|---|---|---|---|
| Trust Score | 73 | 76 | |
| Year Founded | 2006 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | ||
| Tier-1 Licenses | 0 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | IFC Markets | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | ||
| Canada (CIRO Authorised) | No | ||
| Hong Kong (SFC Authorised) | No | ||
| Japan (SFC Authorised) | No | ||
| Singapore (MAS Authorised) | No | ||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | No | ||
| New Zealand (FMA Authorised) | No | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes |
| Tier-2 Licenses (Trusted) | IFC Markets | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | ||
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| Investments | IFC Markets | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 630 | 87 | |
| Forex Pairs (Total) | 49 | 25 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers |
| Cost | IFC Markets | FXOpen | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.44 | N/A | |
| All-in Cost EUR/USD - Active | 1.1 | N/A | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IFC Markets | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $1 | $100 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | IFC Markets | FXOpen | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | IFC Markets | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IFC Markets | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | IFC Markets | FXOpen | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IFC Markets | FXOpen | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | IFC Markets | FXOpen | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review |
| Overall | IFC Markets | FXOpen | |
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| Trust Score | 73 | 76 | |
| Winner | check_circle | ||
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