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.
Comparing FxPro and IFC Markets reveals both brokers offer a comprehensive suite of trading platforms and tools ideal for beginners and experienced traders alike. Each broker provides free virtual demo accounts, enabling users to practice trading strategies without financial risk. Both FxPro and IFC Markets have developed proprietary trading platforms and support popular options like MetaTrader 4 and 5. They also cater to different preferences with Windows-based desktop applications and web-based platforms accessible via browser. However, while they both facilitate copy trading, neither supports DupliTrade or ZuluTrade.
For a deeper analysis, FxPro seems to offer slight superiority in charting tools with 25 drawing tools compared to IFC Markets' 15. Both brokers allow trading directly from stock charts and provide a varied range of watch list customization, although IFC Markets offers one more field option than FxPro. In ratings, both brokers score 4 out of 5 stars for trading platforms and tools. However, FxPro holds a stronger position at 18th out of 62 brokers according to ForexBrokers.com, compared to IFC Markets at 36th. This suggests a marginal preference toward FxPro for those prioritizing platform features and customization.
| 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.
FxPro and IFC Markets both offer daily market commentary and provide their users with access to economic calendars, enabling traders to stay informed about global news events. However, when it comes to forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, FxPro excels by offering this service, whereas IFC Markets does not. Additionally, FxPro stands out in providing access to Trading Central's technical analytics, while IFC Markets does not offer tools from this provider.
Both brokers deliver sentiment-based trading tools, but differences in research tools and resources reflect on their research ratings: FxPro holds a 4-star rating, whereas IFC Markets has a 3.5-star rating. According to ForexBrokers.com, FxPro ranks higher at #27 out of 62 brokers, while IFC Markets is positioned at #40. Overall, FxPro presents a slightly superior array of market research tools, making it a compelling choice for traders seeking comprehensive insights.
| 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 looking at educational resources for beginners, both FxPro and IFC Markets offer extensive information on forex and CFDs, each providing more than 10 educational materials like articles, videos, and archived webinars. They both meet the need for beginner-friendly videos, but IFC Markets offers more advanced educational materials, making it a strong choice for those who are looking to deepen their trading expertise. Additionally, both brokers provide a helpful investor dictionary with over 50 investing terms, aiding new traders in familiarizing themselves with industry jargon.
Despite neither broker hosting regular live educational webinars, FxPro stands out by offering a searchable archive of previous webinars. This feature gives beginners the flexibility to learn at their own pace. Rated four stars by ForexBrokers.com for their educational offerings, FxPro ranks 17th out of 62 brokers assessed, comparatively higher than IFC Markets, which ranks 30th and holds a 3.5-star rating. This suggests that while both brokers provide valuable educational tools for beginners, FxPro might offer a slightly more comprehensive learning experience.
| 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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