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 |
When comparing the commission and fees structures of FxPro and IFC Markets, both brokers receive a 4-star rating. FxPro, however, ranks higher at #32 compared to IFC Markets' ranking at #39 out of 63 brokers according to ForexBrokers.com. FxPro's pricing tends to be above the industry average, especially when compared to competitors like Pepperstone or IC Markets. On FxPro's cTrader platform, traders benefit from commission-based pricing with an effective spread of 1.27 pips on the EUR/USD pair. FxPro provides variable or fixed spreads on MT4, with options for instant or market execution, while its Active Trader program offers generous discounts, although still trailing behind some industry leaders.
On the other hand, IFC Markets offers average spreads of 1.44 pips for the EUR/USD pair, which is slightly less competitive than the industry average of 1.08 pips. For more active traders, the effective spread can drop to a more attractive 1.1 pips on their ECN account, which includes a 0.005% commission on both sides of the trade. The absence of inactivity fees and availability of active trader discounts may also tip the scale in favor of choosing IFC Markets for those prioritizing long-term trading commitment without incurring additional costs.
| 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 | 1.1 |
| 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 comparing FxPro and IFC Markets for their range of investment options, both brokers offer forex trading as a CFD or spot contract, making them suitable choices for trading in currency markets. FxPro stands out by offering a significantly larger array of tradeable symbols, totaling 2,249, compared to IFC Markets' 630. Additionally, FxPro provides access to 70 tradeable forex pairs, surpassing IFC Markets, which offers 49. However, neither platform supports trading exchange-traded securities on U.S. exchanges, such as Apple shares, but both allow international market access with options like Vodafone shares from the London Stock Exchange.
Both FxPro and IFC Markets enable copy trading and offer cryptocurrency derivatives without providing the ability to purchase actual cryptocurrencies. When it comes to the range of investments, FxPro holds a higher rating of 4 stars out of 5, whereas IFC Markets is rated at 3.5 stars. According to ForexBrokers.com, FxPro is ranked 28th out of 63 brokers for their range of investments, demonstrating a broader offering compared to IFC Markets, which ranks 43rd. These distinctions reflect FxPro's more comprehensive investment range, making it a compelling option for clients seeking broader market engagement.
| 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 the trading platforms and tools of FxPro and IFC Markets, both brokers offer traders a robust suite of options. FxPro and IFC Markets provide free virtual demo accounts for simulated trading, making them both beginner-friendly. Each broker has developed its own proprietary platform and supports popular tools such as MetaTrader 4 and MetaTrader 5. While both brokerages offer Windows-based desktop downloads and web-based platforms for convenient browser access, neither supports third-party services like DupliTrade or ZuluTrade. However, both brokers do facilitate copy trading, allowing investors to mimic the trades of more experienced traders.
Charting capabilities reveal some differences; FxPro offers 25 drawing tools, surpassing IFC Markets' offering of 15. However, IFC Markets provides one more column for watch lists with a total of seven, compared to FxPro's six. Both platforms allow trading directly from stock charts, enhancing user convenience. Ratings for trading platforms and tools are similar; both brokers receive a commendable four out of five stars. When ranked among 63 brokers by ForexBrokers.com in this category, FxPro stands at #17 while IFC Markets is further down the list at #36. This ranking showcases FxPro's slightly stronger position in delivering trading platform features and tools.
| 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.
When comparing the mobile trading apps of FxPro and IFC Markets, both platforms provide essential features for traders on the go. Both apps are available on iPhone and Android, allowing users to access stock and forex price alerts, create real-time watchlists, and sync watchlist symbols with their online accounts. Users can also draw trendlines and view multiple time frames on charts, with auto-saving of drawings feature enabled. While these similarities offer a comprehensive trading experience for both platforms, there are distinctions in their technical analysis tools. FxPro's app provides 65 technical studies for charting, significantly more than the 30 offered by IFC Markets, giving traders who rely on detailed analysis a considerable advantage with FxPro.
In terms of user ratings and rankings, FxPro holds a slight edge over IFC Markets. FxPro's mobile app is rated 4.5 out of five stars, whereas IFC Markets is rated slightly lower at four stars. According to ForexBrokers.com, among 63 brokers, FxPro ranks at #15 in the Mobile Trading Apps category, surpassing IFC Markets, which stands at #52. These differences may influence those who prioritize user satisfaction and charting capabilities when selecting a mobile trading platform.
| 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 FxPro and IFC Markets, both brokers provide daily market commentary and an economic calendar, ensuring traders stay informed about global events. However, FxPro sets itself apart by offering forex news from top-tier sources such as Bloomberg and Reuters, while IFC Markets does not include such premium news sources in its offerings. Moreover, FxPro users can access technical analysis tools from Trading Central, giving them a wider range of analytical support, whereas IFC Markets does not provide similar tools.
Both FxPro and IFC Markets provide sentiment-based trading tools that show the ratio of long or short positions in currency pairs. Neither broker offers research tools from Autochartist, Acuity Trading, or market insights from TipRanks. In terms of research ratings, FxPro scores 4 out of 5 stars and ranks 26th among 63 brokers on ForexBrokers.com, while IFC Markets receives a slightly lower rating of 3.5 stars, ranking it 40th. Overall, FxPro emerges as a more robust choice for traders seeking comprehensive market research resources.
| 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 the educational resources tailored for beginners, FxPro and IFC Markets both provide a wealth of materials to help newcomers navigate the world of forex and CFDs trading. Each broker offers at least 10 pieces of educational content such as articles and videos, catering to those just starting out. FxPro stands out with a searchable archive of recorded client webinars, accommodating those who seek learning flexibility, while IFC Markets does not offer this feature. Both brokers provide an investor dictionary with definitions for over 50 investing terms, ensuring newcomers have the vocabulary needed to understand trading concepts.
FxPro offers a notable range of educational videos aimed at beginners, but when it comes to advanced educational content, IFC Markets takes the lead by offering more than 10 videos for experienced traders. Despite both platforms not hosting monthly webinars, FxPro is rated slightly higher than IFC Markets, with a 4-star rating compared to 3.5 stars for educational offerings. In a broader evaluation, FxPro is placed at #18 among 63 brokers in the education category, while IFC Markets is ranked at #30, indicating FxPro may have a slight edge in providing quality educational resources for new traders.
| 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 63 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 | 1.1 | |
| 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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