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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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 |
When comparing IFC Markets and FXOpen, both brokers offer competitive commission and fee structures. IFC Markets provides a notable experience for traders looking for a well-rated and reliable broker. While specific average spread data for IFC Markets is unavailable, the broker receives a strong 4-star rating for their commissions and fees. According to ForexBrokers.com, IFC Markets is ranked #39 out of 62 brokers in this category, indicating a solid reputation among traders.
FXOpen, on the other hand, matches IFC Markets with a 4-star rating for its commission and fee structure, suggesting that it also offers a favorable environment for trading. Despite the absence of average spread data, FXOpen stands as a competitive choice for traders seeking an accessible fee framework. However, FXOpen holds the #45 rank among 62 brokers on ForexBrokers.com for commissions and fees, slightly lower than IFC Markets.
Both brokers exhibit competitive pricing, but there are subtle differences in their rankings, which might influence a trader’s decision depending on their specific needs and preferences. Whether you choose IFC Markets for its slightly higher rank or FXOpen for competitive parity, both brokers deliver cost-effective services to enhance your trading journey.
| Feature |
IFC Markets
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $1 | $100 |
| Average Spread EUR/USD - Standard | 1.44 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IFC Markets and FXOpen both offer clients the opportunity to trade forex, providing access to this ever-popular financial market through CFDs or spot contracts. However, they differ significantly in the variety of tradeable symbols available. IFC Markets provides an extensive selection with 630 symbols, including 49 forex pairs, whereas FXOpen offers a more limited choice of 87 symbols, featuring 25 forex pairs. Neither broker facilitates the purchase of U.S. exchange-traded securities like Apple shares, but IFC Markets stands out by allowing clients to trade international exchange-traded securities, such as Vodafone shares, a feature absent from FXOpen's offerings.
Both brokers support copy trading and offer cryptocurrency derivatives, but neither gives the option to buy actual cryptocurrencies. When it comes to ratings, IFC Markets edges out FXOpen, earning 3.5 stars for its range of investments compared to FXOpen's 3 stars. Furthermore, IFC Markets is positioned higher at rank #43 in the Range of Investments category by ForexBrokers.com, while FXOpen is ranked at #61 out of 62 brokers. For traders seeking a broader array of investment choices and international trading, IFC Markets might be the more appealing option.
| Feature |
IFC Markets
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 630 | 87 |
| Forex Pairs (Total) | 49 | 25 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of IFC Markets and FXOpen, both brokers cater to traders with diverse needs, offering simulated trading through free virtual demo accounts. IFC Markets stands out with its proprietary platform, a feature FXOpen does not offer, while both brokers provide access to popular platforms like MetaTrader 4 and MetaTrader 5. Traders can enjoy Windows-based desktop platforms as well as web-based options with either broker, ensuring flexibility in how they access the market. For those interested in copy trading, both IFC Markets and FXOpen offer this capability, though FXOpen also provides ZuluTrade, enhancing its social trading options.
Technical enthusiasts will find 15 drawing tools for charting with both brokers. While direct trading from stock charts is supported, the number of technical indicators available wasn't specified. Watch lists are customizable with seven columns at each broker, allowing traders to track their preferred assets efficiently. While both IFC Markets and FXOpen receive a commendable four-star rating for their trading platforms and tools, ForexBrokers.com ranks IFC Markets slightly higher at 36th, compared to FXOpen's 53rd position among 62 brokers. This suggests a marginal edge for IFC Markets in this category.
| Feature |
IFC Markets
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both IFC Markets and FXOpen provide comprehensive apps available for iPhone and Android users. These apps allow traders to receive vital stock or forex price alerts. While both platforms supply 30 technical studies for charting, they also facilitate trendlines and multiple time frame views on charts. However, a significant advantage of IFC Markets is its seamless watchlist symbol syncing feature, which FXOpen lacks. This means that changes made to watchlists in IFC Markets' app sync with the user's online account for consistent data across devices.
In terms of additional features, IFC Markets auto-saves chart drawings, a benefit not offered by FXOpen, which may be vital for traders making frequent adjustments to their technical analysis. Both platforms allow the creation of watchlists with real-time quotes, ensuring up-to-the-minute data. Ultimately, both IFC Markets and FXOpen earn four-star ratings for their mobile trading apps. Yet, IFC Markets ranks slightly higher at #52 compared to FXOpen’s #54 in ForexBrokers.com's rankings out of 62 brokers, offering a marginal edge in user satisfaction.
| Feature |
IFC Markets
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of IFC Markets and FXOpen, both brokers provide daily market commentary to keep traders informed. However, FXOpen stands out by delivering forex news from top-tier sources such as Bloomberg and Reuters, a feature that IFC Markets does not offer. IFC Markets, on the other hand, compensates by offering a sentiment-based trading tool that shows a ratio of long or short positions across currency pairs, a tool FXOpen lacks. Both brokers provide an economic calendar displaying global news events, which is a helpful resource for traders.
Despite the similarities in some areas, there are clear distinctions in the overall research capabilities of these platforms. IFC Markets garners a higher research rating of 3.5 stars compared to FXOpen's 3 stars. Furthermore, when ranked in the research category by ForexBrokers.com, IFC Markets holds the 40th position out of 62 brokers, while FXOpen is positioned at 62nd. This highlights IFC Markets' slightly more favorable standing in terms of research support and resources for traders looking for comprehensive market insights.
| Feature |
IFC Markets
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners between IFC Markets and FXOpen, there are distinct differences in what each online broker provides. IFC Markets offers a comprehensive selection of educational materials, including over ten pieces focusing on Forex and CFDs, alongside a variety of beginner and advanced trading videos tailored for both new and experienced traders. Additionally, they provide an investor dictionary with definitions for over 50 investing terms, making it a solid resource for those new to online trading. Despite this breadth of materials, IFC Markets does not offer monthly webinars or an archive of past webinars. They have received a 3.5-star rating for education from ForexBrokers.com and rank 30th out of 62 brokers in the education category.
FXOpen, on the other hand, does not provide the same level of educational content as IFC Markets, lacking the minimum ten educational pieces or videos for beginners and advanced traders. Like IFC Markets, FXOpen also offers an investor dictionary with more than 50 terms, but they do not offer monthly webinars or an archive of recorded webinars. FXOpen's educational resources have been rated 3 stars by ForexBrokers.com, placing them at 58th out of 62 brokers in education offerings. For beginners looking to dive deeper into Forex and CFD trading, IFC Markets stands out as the more informative choice.
| Feature |
IFC Markets
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 76 |
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Both IFC Markets and FXOpen do not offer the ability to buy actual (delivered) cryptocurrency, but both platforms do provide the option to trade cryptocurrency derivatives.
When comparing online brokers IFC Markets versus FXOpen in terms of fund transfer options, neither broker supports ACH or SEPA transfers nor does either offer PayPal for deposits or withdrawals; however, both brokers allow transactions via Visa or Mastercard and bank wires, with FXOpen additionally supporting Skrill, unlike IFC Markets.
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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| 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). | No | 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 | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | IFC Markets | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IFC Markets | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 630 | 87 | |
| Forex Pairs (Total) | 49 | 25 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers |
| Cost | IFC Markets | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.44 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | IFC Markets | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $1 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | IFC Markets | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | IFC Markets | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | IFC Markets | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IFC Markets | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | IFC Markets | FXOpen | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
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| Trust Score | 73 | 76 | |
| Winner | check_circle | ||
| Review |
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