Written by ForexBrokers.com
In this head to head comparison of IFC Markets vs FXGT.com, 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.
IFC Markets, established in 2006, and FXGT.com, founded in 2019, are both online brokers that operate without being publicly traded or functioning as banks. When it comes to regulatory credentials, IFC Markets holds one Tier-2 license and scores a 73 on the ForexBrokers.com Trust Score, placing it in the average risk category. Although IFC Markets lacks a Tier-1 license, it is still considered an option for trading due to its Trust Score.
In contrast, FXGT.com holds one Tier-1 license and one Tier-2 license, signifying a higher level of regulatory trust. However, FXGT.com has a ForexBrokers.com Trust Score of 69, categorizing it as high risk. Despite offering stronger regulatory credentials with its Tier-1 license, the Trust Score suggests caution is necessary for traders considering this platform. Both brokers present unique risk profiles for individuals looking to enter the trading environment.
| Feature |
IFC Markets
|
FXGT.com
|
|---|---|---|
| Year Founded | 2006 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing IFC Markets and FXGT.com, IFC Markets offers a slightly higher average spread for EUR/USD at 1.44 pips, which is above the industry average of 1.08 pips, making it less competitive for those trades. However, more active traders may benefit from IFC Markets' ECN account, where effective spreads reach 1.1 pips, factoring in a 0.005% commission applied to both sides of a trade. Customers can also appreciate the absence of inactivity fees and active trader discounts with IFC Markets. The broker is rated 4 out of 5 stars for commissions and fees and ranks 39th out of 63 brokers by ForexBrokers.com in this category.
FXGT.com, on the other hand, does not provide specific average spread data, leaving potential traders without clear fee transparency. This lack of information could be a drawback for those comparing costs between brokers. Nonetheless, the broker earns a 3.5 out of 5-star rating for commissions and fees and is positioned at 56th place out of 63 brokers according to ForexBrokers.com rankings.
In summary, IFC Markets offers a clearer and potentially more favorable trading cost structure for active traders due to its ECN account option, absence of inactivity fees, and available discounts, outshining FXGT.com in both ratings and rankings in the commissions and fees category. Anyone considering these brokers should weigh the specific trading needs and available data to make an informed choice.
| Feature |
IFC Markets
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $1 | $5 |
| Average Spread EUR/USD - Standard | 1.44 | N/A |
| All-in Cost EUR/USD - Active | 1.1 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Both IFC Markets and FXGT.com provide traders with access to forex trading as a CFD or spot contract, but their offerings differ significantly in scope. IFC Markets boasts a larger selection of tradeable symbols with 630 options, compared to FXGT.com's 117. When it comes to forex pairs, FXGT.com slightly edges out IFC Markets by offering 53 pairs to IFC Markets' 49. However, IFC Markets sets itself apart by allowing clients to invest in exchange-traded securities on international exchanges, adding more diversification to potential portfolios, whereas FXGT.com does not provide this option.
Both platforms enable traders to engage in copy trading and offer cryptocurrency derivatives rather than actual cryptocurrencies. However, neither broker provides access to securities on U.S. exchanges like NASDAQ. In terms of overall investment range, IFC Markets is rated at 3.5 stars, surpassing FXGT.com's 3 stars. Additionally, according to ForexBrokers.com, IFC Markets ranks at #43 out of 63 brokers for the range of investments category, placing it well above FXGT.com, which is ranked #61.
| Feature |
IFC Markets
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 630 | 117 |
| Forex Pairs (Total) | 49 | 53 |
| 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 | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When evaluating the trading platforms and tools offered by IFC Markets and FXGT.com, both brokers provide a free demo account, allowing users to engage in simulated trading before committing real capital. IFC Markets distinguishes itself with a proprietary platform crafted in-house, complementing other options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are also available with FXGT.com. Both brokers support Windows-based desktop applications and have web-based platforms accessible via browsers. Additionally, they offer copy trading, enabling investors to replicate the trades of experienced traders easily. However, neither supports DupliTrade or ZuluTrade.
In terms of charting tools, FXGT.com provides a richer suite with 23 drawing tools compared to IFC Markets' 15. Both brokers allow trading directly from stock charts, enhancing the user's trading efficiency. When managing watch lists, IFC Markets offers more comprehensive customization with seven fields available compared to FXGT.com's five. Despite these differences, the two brokers receive similar acclaim, each rated four stars for their trading platforms and tools. However, IFC Markets holds a higher ranking at 36th place out of 63 brokers assessed by ForexBrokers.com, compared to FXGT.com, which is positioned at 56th.
| Feature |
IFC Markets
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both IFC Markets and FXGT.com cater to users with iPhone and Android devices, ensuring broad accessibility. Essential features like stock and forex price alerts are integrated into both platforms, a handy tool for staying updated on market movements. The convenience of syncing watchlists across mobile apps and online accounts adds a flexible layer, ensuring your preferences are always in sync, no matter where you access your account. Both brokers offer 30 technical studies for charting, along with the ability to draw trendlines and view multiple time frames, catering to the needs of traders who analyze charts closely. Importantly, IFC Markets and FXGT.com both save chart drawings automatically, minimizing the risk of losing valuable analysis.
For traders interested in creating real-time watchlists, both brokers deliver, allowing users to monitor markets in real-time easily. In terms of app ratings, IFC Markets slightly edges out with a 4-star rating, while FXGT.com holds a 3.5-star rating. Rankings by ForexBrokers.com place IFC Markets at #52 and FXGT.com at #58 out of 63 brokers in the Mobile Trading Apps category, highlighting a slight edge for IFC Markets in user satisfaction. Overall, while both platforms offer similar features, the difference in ratings and rankings might guide traders in making a choice best suited to their preferences.
| Feature |
IFC Markets
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When evaluating the market research capabilities of IFC Markets and FXGT.com, several distinctions emerge. IFC Markets provides daily market commentary, which is absent from FXGT.com's offerings. Both platforms lack forex news updates from top-tier sources such as Bloomberg and Reuters, as well as technical analysis tools from Autochartist and Trading Central. However, they both include sentiment-based trading tools that display the ratio of long or short positions across various instruments. This feature may appeal to traders interested in market sentiment.
Both IFC Markets and FXGT.com have economic calendars that provide information on global news events, which can be valuable for traders monitoring economic shifts. However, neither broker offers market research from TipRanks, nor do they provide tools from Acuity Trading. In terms of overall research quality, IFC Markets slightly edges out FXGT.com with a 3.5-star rating compared to FXGT.com's 3-star rating. In a broader context, IFC Markets ranks #40 out of 63 brokers reviewed by ForexBrokers.com for Research, while FXGT.com ranks at #56, indicating a modest advantage for IFC Markets in this category.
| Feature |
IFC Markets
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, IFC Markets clearly takes the lead over FXGT.com. IFC Markets offers a variety of educational materials with at least 10 pieces focusing on forex and CFDs. Additionally, they provide more than 10 beginner and advanced trading videos, making them a strong choice for both new and experienced traders alike. In contrast, FXGT.com falls short with fewer educational offerings, lacking the minimum number of pieces required for comprehensive learning in forex and CFDs. Both brokers, however, provide an investor dictionary containing over 50 investing terms, which can be a helpful tool for those looking to understand the language of the trade.
While neither IFC Markets nor FXGT.com conducts monthly webinars or maintains archives of past sessions, IFC Markets still maintains an edge due to its more extensive range of educational content. Rated at 3.5 stars, IFC Markets ranks 30th out of 63 brokers in the Education category on ForexBrokers.com, whereas FXGT.com is rated slightly lower at 3 stars and ranks 60th. For beginners keen on equipping themselves with a solid foundation in trading, IFC Markets offers a greater array of resources to kickstart their trading journey.
| Feature |
IFC Markets
|
FXGT.com
|
|---|---|---|
| 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 63 of the best forex brokers, our research and account testing finds that IFC Markets is better than FXGT.com. IFC Markets finished with an overall rank of #45, while FXGT.com finished with an overall rank of #59.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 69 |
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Both IFC Markets and FXGT.com do not offer the ability to buy actual (delivered) cryptocurrencies, but they both provide options to buy cryptocurrency derivatives.
IFC Markets and FXGT.com both provide options for deposits and withdrawals through Visa, Mastercard, and bank wires, but while FXGT.com additionally supports ACH or SEPA transfers, neither broker offers PayPal or Skrill as payment methods.
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 | FXGT.com | |
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| Trust Score | 73 | 69 | |
| Winner | check_circle | ||
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| Broker Screenshots | IFC Markets | FXGT.com | |
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| Regulation | IFC Markets | FXGT.com | |
|---|---|---|---|
| Trust Score | 73 | 69 | |
| Year Founded | 2006 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 0 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | IFC Markets | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IFC Markets | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 630 | 117 | |
| Forex Pairs (Total) | 49 | 53 | |
| 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 | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | IFC Markets | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.44 | N/A | |
| All-in Cost EUR/USD - Active | 1.1 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IFC Markets | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $1 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | IFC Markets | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | IFC Markets | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IFC Markets | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | IFC Markets | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IFC Markets | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | |
| Review |
| Overall | IFC Markets | FXGT.com | |
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| Trust Score | 73 | 69 | |
| Winner | check_circle | ||
| Review |
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