Written by ForexBrokers.com
In this head to head comparison of FxPro vs IFC Markets, 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.
FxPro and IFC Markets, both founded in 2006, are prominent players in the online brokerage sector. However, there are notable differences in their regulatory standings and trust levels. FxPro holds a significant advantage with two Tier-1 licenses and one Tier-2 license, which contributes to its high Trust Score of 93 according to ForexBrokers.com, indicating a highly trusted status. In contrast, IFC Markets, which holds no Tier-1 licenses but has one Tier-2 license, has a Trust Score of 73, positioning it at an average risk level.
Neither FxPro nor IFC Markets is publicly traded, with FxPro distinguishing itself as a bank, whereas IFC Markets is not. These factors provide potential traders with essential insights into the trustworthiness and banking status of both brokers, guiding informed decisions for those looking to enter the trading landscape.
| Feature |
FxPro
|
IFC Markets
|
|---|---|---|
| Year Founded | 2006 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
FxPro and IFC Markets are two notable names in the online brokerage landscape, each offering varying structures for commissions and fees. FxPro, despite being rated 4 out of 5 stars for its commission and fees structure, has pricing above the industry average. This places it at a slight disadvantage when compared to more competitive brokers like Pepperstone or IC Markets. For traders using FxPro's MetaTrader 4 platform, there are options for variable or fixed spreads. With variable spreads, traders can select between instant execution, which avoids slippage but is subject to requotes, and market execution, which allows for potential slippage without requotes. If you are trading on FxPro’s cTrader platform, you’ll benefit from commission-based pricing, with effective spreads for the EUR/USD pair around 1.27 pips. However, the floating-rate model on MetaTrader sees EUR/USD spreads ranging from 1.51 to 1.71 pips, depending on the execution type.
IFC Markets, on the other hand, also enjoys a 4-star rating for commissions and fees, yet details about its average spread are not readily available. When stacked against 62 other brokers, FxPro ranks #32, slightly ahead of IFC Markets, which sits at #39 as rated by ForexBrokers.com. Although direct average spread comparisons are unavailable for IFC Markets, it remains a competitive option within the landscape due to its favorable star rating, implying a fair balance of cost efficiency and service offerings.
Both brokers offer incentives to entice active traders. FxPro, for instance, reduces costs up to 30% through its Active Trader program, even though it may still not be as competitive as similar programs from top peers like FOREX.com, IG, and Saxo. Consequently, both FxPro and IFC Markets serve as viable options for traders, each with unique advantages, yet FxPro's offerings in the variable and fixed spreads categories may appeal to those seeking diversity in trading execution.
| Feature |
FxPro
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $100 | $1 |
| Average Spread EUR/USD - Standard | 1.51 | 1.44 |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investments available, FxPro and IFC Markets cater to the needs of traders with several options. Both brokers offer forex trading either as a CFD or spot contract, ensuring traders have access to this key financial market. FxPro stands out with a broad selection of 2,249 tradeable symbols, including 70 forex pairs, while IFC Markets provides 630 tradeable symbols and 49 forex pairs. Unfortunately, neither broker offers the ability to trade exchange-traded securities on U.S. exchanges. However, both allow trading of international exchange securities, so traders can look into options like Vodafone shares. Additionally, both FxPro and IFC Markets offer copy trading services, enhancing the trading experience for beginners and seasoned investors alike.
In the realm of cryptocurrency, both brokers allow trading of cryptocurrency derivatives but do not provide an option to purchase actual cryptocurrencies. FxPro's broader array of tradable instruments is reflected in its 4-star rating for range of investments, edging out IFC Markets' 3.5-star score. According to ForexBrokers.com, FxPro has a stronger position, ranking 28th out of 62 brokers in the Range of Investments category, compared to IFC Markets, which ranks 43rd. This detailed comparison helps traders make informed decisions based on the range of investment products offered by these online brokers.
| Feature |
FxPro
|
IFC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 630 |
| Forex Pairs (Total) | 70 | 49 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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 comparing FxPro and IFC Markets in terms of trading platforms and tools, both brokers offer a comprehensive suite of features for traders. They each provide free virtual demo accounts, allowing users to practice their trading strategies without risking real money. Both brokers also have their proprietary platforms, in addition to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. For those seeking flexibility, both FxPro and IFC Markets support trading via Windows-based desktop downloads and web-based browser platforms. Moreover, copy trading is available with both brokers, but neither supports DupliTrade or ZuluTrade.
FxPro and IFC Markets provide convenient features like trading directly from stock charts, though they differ in the number of charting tools they offer. FxPro offers 25 drawing tools compared to IFC Markets' 15. In terms of watch list options, FxPro provides six columns, while IFC Markets offers seven. Both platforms enjoy a respectable rating of 4 stars for trading platforms and tools. Notably, FxPro is ranked #17 out of 62 brokers in the Trading Platforms and Tools category by ForexBrokers.com, which positions it ahead of IFC Markets, ranked at #36.
| Feature |
FxPro
|
IFC Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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) | 53 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and IFC Markets both cater to traders on the go, offering mobile apps for both iPhone and Android users. Each app provides essential features, such as price alerts for stocks and forex, watchlist symbol syncing to keep your trading synchronized across devices, and real-time quotes to keep track of the market as it shifts. Both brokers also allow users to customize their charts with trendlines, multiple time frames, and auto-saved drawings, enhancing the trading experience by keeping important data and setups just a tap away.
While both FxPro and IFC Markets deliver solid mobile trading solutions, there are distinctions in their offerings. FxPro stands out with an impressive selection of 65 technical studies available for charting, while IFC Markets offers 30. This expanded selection might appeal to more technical traders who rely on diverse analytical tools. In terms of ratings, FxPro secures an excellent 4.5 out of 5 stars, placing it 15th among 62 brokers according to ForexBrokers.com. Meanwhile, IFC Markets garners a respectable 4-star rating, ranked at 52nd. These differences may influence your choice, depending on how much you value advanced charting capabilities and overall user experience.
| Feature |
FxPro
|
IFC Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 65 | 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 comparing the market research offerings of online brokers FxPro and IFC Markets, several key differences emerge. Both brokers provide daily market commentary and economic calendars, which help traders keep track of the latest market trends and events. However, only FxPro enriches its market insights with forex news from top-tier sources like Bloomberg and Reuters, giving its clients access to information from highly respected outlets. Additionally, FxPro provides technical analytics through Trading Central, enhancing the research experience with detailed analysis tools that IFC Markets lacks. Both brokers offer sentiment tools to show traders the ratio of long and short positions, which can be beneficial in assessing market sentiment.
FxPro holds a slight edge over IFC Markets in overall research capability, earning a 4-star rating compared to IFC Markets’ 3.5 stars. This advantage is further highlighted in their ranking by ForexBrokers.com, where FxPro stands at #26 out of 62 brokers for research, while IFC Markets is positioned at #40. While neither broker offers tools from Autochartist or Acuity Trading, traders seeking comprehensive research might find FxPro’s offerings more aligned with their needs due to its collaboration with top-tier news sources and advanced analytical tools from Trading Central.
| Feature |
FxPro
|
IFC Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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, FxPro and IFC Markets both offer a wealth of materials, each providing at least ten pieces of educational content focused on forex and CFDs. This includes a variety of articles, videos, and archived webinars. Both brokers also cater specifically to beginners by offering an impressive collection of beginner-focused educational videos, helping new traders better understand the intricacies of trading. Additionally, both FxPro and IFC Markets provide investors with a comprehensive dictionary containing definitions for over 50 investing terms, which is invaluable for those who are new to the jargon of the financial world.
However, there are some notable differences in their offerings. FxPro stands out with a searchable archive of previously recorded client webinars, an asset that IFC Markets does not provide. On the other hand, IFC Markets offers more advanced educational videos aimed at experienced traders, giving it an edge in this area. Despite these differences, FxPro receives a slightly higher rating of 4 stars for education compared to IFC Markets' 3.5 stars, and ranks 18th in the education category among 62 brokers, whereas IFC Markets is placed at rank 30. As you evaluate educational resources, consider how these elements align with your personal learning needs and objectives.
| Feature |
FxPro
|
IFC Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 FxPro is better than IFC Markets. FxPro finished with an overall rank of #21, while IFC Markets finished with an overall rank of #45.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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IFC Markets
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| Trust Score | 93 | 73 |
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Both FxPro and IFC Markets do not provide the option to purchase actual (delivered) cryptocurrency, but they both offer the ability to trade cryptocurrency derivatives instead.
FxPro offers a broader range of deposit and withdrawal options compared to IFC Markets, providing ACH, SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires, while IFC Markets supports only Visa, Mastercard, and bank wires.
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 | FxPro | IFC Markets | |
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| Trust Score | 93 | 73 | |
| Winner | check_circle | ||
| Review | FxPro Review |
| Broker Screenshots | FxPro | IFC Markets | |
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| Regulation | FxPro | IFC Markets | |
|---|---|---|---|
| Trust Score | 93 | 73 | |
| Year Founded | 2006 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FxPro | IFC Markets | |
|---|---|---|---|
| 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) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FxPro | IFC Markets | |
|---|---|---|---|
| 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 | FxPro | IFC Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 630 | |
| Forex Pairs (Total) | 70 | 49 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | FxPro | IFC Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 1.44 | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | IFC Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $1 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FxPro | IFC Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | IFC Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | IFC Markets | |
|---|---|---|---|
| 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 | 65 | 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 | FxPro | IFC Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | IFC Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | IFC Markets | |
|---|---|---|---|
| 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 | FxPro Review |
| Overall | FxPro | IFC Markets | |
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| Trust Score | 93 | 73 | |
| Winner | check_circle | ||
| Review | FxPro Review |
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