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IFC Markets vs FXOpen 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

IFC Markets
4/5 Stars Overall
  • Minimum Deposit: $1
  • Trust Score: 73
  • Tradeable Symbols (Total): 630
FXOpen
3.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 76
  • Tradeable Symbols (Total): 87

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.

Regulation

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 logoIFC Markets
FXOpen logoFXOpen
Year Founded info 2006 2003
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 0 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

When comparing commissions and fees between IFC Markets and FXOpen, several factors come into play. IFC Markets features an average spread for EUR/USD at 1.44 pips, which is slightly higher than the industry average of 1.08, potentially making it less attractive for traders prioritizing lower costs. However, the introduction of an ECN account offers more competitive conditions with effective spreads at 1.1 pips once you factor in the 0.005% commission per trade side. Additionally, the absence of inactivity fees and availability of active trader discounts present a noteworthy advantage.

In contrast, FXOpen's average spread data is currently unavailable, making a direct comparison challenging. Despite this limitation, both brokers share a 4-star rating in the commissions and fees category. Each caters to different trader needs, implying that personal preferences and trading habits should guide decision-making more than mere numbers.

Regarding rankings by ForexBrokers.com, IFC Markets is positioned at #39 out of a total of 63 brokers, while FXOpen holds the #45 spot. These rankings reflect their competitiveness in the commissions and fees category compared to other brokers, further illustrating the nuanced differences in trading costs between the two platforms.

Feature IFC Markets logoIFC Markets
FXOpen logoFXOpen
Minimum Deposit info $1 $100
Average Spread EUR/USD - Standard info 1.44 info N/A info
All-in Cost EUR/USD - Active info 1.1 info N/A info
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

IFC Markets and FXOpen both provide traders with opportunities in the forex market, offering forex trading as either CFDs or spot contracts. IFC Markets stands out with a wide array of 630 tradeable symbols, including 49 forex pairs, while FXOpen offers 87 tradeable symbols and 25 forex pairs. Neither broker provides access to U.S. exchange-traded securities like Apple's shares. However, IFC Markets allows clients to invest in international exchange-traded securities such as Vodafone on the London Stock Exchange, a feature FXOpen does not offer. Both brokers support copy trading and offer cryptocurrency derivatives, but not direct cryptocurrency purchases.

The difference in investment options is reflected in their ratings and rankings. IFC Markets earns a 3.5-star rating for its range of investments, ranking #43 out of 63 brokers according to ForexBrokers.com. FXOpen, in comparison, is slightly lower with a 3-star rating, standing at #62 in the same category. This comparison highlights IFC Markets' broader investment selection, making it potentially more appealing for traders seeking diverse opportunities.

Feature IFC Markets logoIFC Markets
FXOpen logoFXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 630 87
Forex Pairs (Total) info 49 25
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

IFC Markets and FXOpen both provide a comprehensive set of trading platforms and tools designed for a wide range of traders. Both brokers offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as web-based and Windows-based desktop platforms, allowing traders to use the software they are most comfortable with. Both brokers also support simulated trading through free virtual demo accounts, making it easy for beginners to practice without financial risk. When it comes to proprietary platforms, IFC Markets has developed its own, giving it a unique edge in customizing a trading experience, whereas FXOpen relies on third-party platforms.

In terms of features, IFC Markets and FXOpen both offer copy trading, enabling traders to mirror the trades of experienced investors, though FXOpen uniquely provides ZuluTrade integration. Charting tools are well supported, with each broker offering 15 drawing tools and the capability to trade directly from charts. Both brokers provide seven fields for watch lists, allowing for detailed monitoring of selected assets. Despite their similarities, IFC Markets edges out FXOpen with a higher ranking in the Trading Platforms and Tools category by ForexBrokers.com, coming in at #36 compared to FXOpen's #53, even though both brokers share a four-star rating in this category.

Feature IFC Markets logoIFC Markets
FXOpen logoFXOpen
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info No No
ZuluTrade info No Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When comparing the mobile trading apps of IFC Markets and FXOpen, both brokers offer apps for iPhone and Android devices, catering to traders who prefer to manage their investments on the go. Users of both apps can set stock and forex price alerts to stay updated on market movements. However, when it comes to watchlist synchronization, IFC Markets stands out by allowing seamless syncing between the app and the online account, ensuring that any changes are reflected across platforms. Both services provide 30 technical studies for in-depth chart analysis and enable trendline drawing and multiple time frame viewing on charts. Yet, IFC Markets has the added benefit of auto-saving drawings, which is not available with FXOpen.

In terms of real-time watchlist creation, both IFC Markets and FXOpen support this functionality in their mobile apps. Despite both brokers having a four-star rating for mobile trading apps, IFC Markets edges out with a higher ranking in the ForexBrokers.com listing, coming in at 52nd place compared to FXOpen's 54th. Traders looking for seamless integration and automatically saved chart drawing features may find IFC Markets' mobile app more appealing, while both brokers offer substantial tools for technical analysis and real-time market monitoring.

Feature IFC Markets logoIFC Markets
FXOpen logoFXOpen
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing the market research offerings of IFC Markets and FXOpen, both brokers deliver daily market commentary, ensuring traders stay informed of the latest market trends. However, FXOpen takes a step further by providing forex news from top-tier sources like Bloomberg and Reuters, which is not a feature offered by IFC Markets. On the other hand, IFC Markets gives traders an edge with a sentiment-based trading tool that displays the ratio of long and short positions across various currency pairs, a tool FXOpen does not provide. Both brokers share similar offerings with economic calendars for tracking global news events, although neither provides tools from firms like Autochartist, Trading Central, or Acuity Trading.

Considering the research ratings, IFC Markets earns a slightly higher score of 3.5 stars compared to FXOpen’s 3 stars. This difference is reflected in their rankings, with IFC Markets positioned at #40 out of 63 brokers, while FXOpen trails significantly at #63 according to ForexBrokers.com. Thus, while both brokers offer essential market research tools, IFC Markets appears to edge out FXOpen in terms of user-rated satisfaction and a more favorable ranking.

Feature IFC Markets logoIFC Markets
FXOpen logoFXOpen
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Autochartist info No No
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing the educational resources available for beginners at IFC Markets and FXOpen, IFC Markets stands out in a number of areas. IFC Markets provides a wealth of educational content, offering over ten articles, videos, and other materials with a strong focus on forex and CFDs. Additionally, they provide over ten video tutorials specifically designed for both beginners and experienced traders. Moreover, IFC Markets supplies an investor dictionary containing over 50 essential investing terms, making it easier for newcomers to familiarize themselves with key concepts.

On the other hand, FXOpen falls short in several educational aspects critical for beginners. While FXOpen offers an investor dictionary with more than 50 terms, they do not provide the same depth of educational materials, such as beginner and advanced video content or a substantial library of articles on forex and CFDs. Without regular webinars or an archive of recorded sessions, their educational support for beginners remains limited. Consequently, IFC Markets earns a slightly higher education rating of 3.5 stars compared to FXOpen's 3 stars, ranking 30th versus 58th out of 63 brokers on ForexBrokers.com in the education category.

Feature IFC Markets logoIFC Markets
FXOpen logoFXOpen
Education (Forex or CFDs) info Yes No
Client Webinars info No No
Client Webinars (Archived) info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 logoIFC Markets
FXOpen logoFXOpen
Overall Rating info 4/5 Stars 3.5/5 Stars
Trust Score info 73 76
Range of Investments 3.5/5 Stars 3/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with IFC Markets or FXOpen?

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.

What funding options does each broker offer?

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.




announcementPlease 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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Compare

0 of 5
Overall Rating IFC Markets FXOpen
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 3.5/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 73 76
Winner check_circle
Review
Broker Screenshots IFC Markets FXOpen
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation IFC Markets FXOpen
Trust Score info 73 76
Year Founded info 2006 2003
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No Yes info
Tier-1 Licenses info 0 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) IFC Markets FXOpen
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No Yes info
Tier-2 Licenses (Trusted) IFC Markets FXOpen
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments IFC Markets FXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 630 87
Forex Pairs (Total) info 49 25
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers
Cost IFC Markets FXOpen
Average Spread EUR/USD - Standard info 1.44 info N/A info
All-in Cost EUR/USD - Active info 1.1 info N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info No Yes
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding IFC Markets FXOpen
Minimum Deposit info $1 $100
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms IFC Markets FXOpen
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No Yes
Trading Tools IFC Markets FXOpen
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading IFC Markets FXOpen
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research IFC Markets FXOpen
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Autochartist info No No
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education IFC Markets FXOpen
Education (Forex or CFDs) info Yes No
Client Webinars info No No
Client Webinars (Archived) info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs IFC Markets FXOpen
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review
Overall IFC Markets FXOpen
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 3.5/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 73 76
Winner check_circle
Review
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