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IFC Markets vs TopFX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of IFC Markets vs TopFX, 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
TopFX
3.5/5 Stars Overall
  • Minimum Deposit: Depends on payment method
  • Trust Score: 67
  • Tradeable Symbols (Total): 655

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 a relatively established player in the online brokerage space, while TopFX, established in 2010, also has a solid presence. Both brokers remain privately held and are not affiliated with banking services. When it comes to regulatory standing, IFC Markets holds a single Tier-2 license, which reflects a moderate level of trust, and has a Trust Score of 73 according to ForexBrokers.com, indicating an average risk.

In contrast, TopFX, although newer, boasts one Tier-1 license, suggesting a more reliable standing in regulatory terms. However, it scores a 67 on the ForexBrokers.com Trust Score scale, indicating a higher risk compared to IFC Markets. Despite differences in regulatory credentials, both brokers offer unique advantages to different types of traders.

Feature IFC Markets logoIFC Markets
TopFX logoTopFX
Year Founded info 2006 2010
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 0 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

When comparing the commissions and fees of online brokers IFC Markets and TopFX, both brokers receive a commendable rating of 4 stars. IFC Markets ranks 39th out of 62 brokers according to ForexBrokers.com's evaluation for the Commissions and Fees category. While specific average spread data isn't available for IFC Markets, this rating suggests that their fee structure is competitive but not leading the field.

TopFX, coming in close at 40th in the same ranking, provides two distinct account options catered to different trading preferences. Their ZERO account offers a spread-only model with zero commissions but higher average spreads of about 1.03 pips on the EUR/USD, as recorded in July 2024. On the other hand, the RAW account, which is based on commissions, charges 2.75 EUR per side per trade, resulting in a total cost of roughly 0.88 pips, factoring in average spreads. This makes it more in line with the industry standard for cost-effectiveness.

Both brokers offer competitive fee structures while maintaining a fair ranking among top brokers. IFC Markets presents an unclarified spread fee model, while TopFX provides clear distinctions between its ZERO and RAW account types, appealing to traders who prefer either commission-free trading or low spread plus commission options.

Feature IFC Markets logoIFC Markets
TopFX logoTopFX
Minimum Deposit info $1 Depends on payment method
Average Spread EUR/USD - Standard info 1.44 info 1.03 info
All-in Cost EUR/USD - Active info N/A 0.88 info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info No Yes
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

Both IFC Markets and TopFX provide forex trading options as either CFDs or spot contracts. While IFC Markets offers 630 tradeable symbols, TopFX slightly edges ahead with 655 symbols. In terms of forex pairs, TopFX also has a broader selection with 60 pairs compared to IFC Markets' 49 pairs. An important distinction between the two is that IFC Markets permits the trading of exchange-traded securities on international exchanges, allowing clients to buy shares like Vodafone on the London Stock Exchange. TopFX, however, does not offer trading in exchange-traded securities from international exchanges.

Copy trading is available with both IFC Markets and TopFX, enabling investors to mimic the strategies of more experienced traders. Neither platform supports the purchase of actual cryptocurrencies, focusing instead on cryptocurrency derivatives. When it comes to the range of investments, both brokers are rated 3.5 stars. However, IFC Markets is ranked slightly higher at #43 compared to TopFX's #46 in the Range of Investments category by ForexBrokers.com out of 62 brokers assessed.

Feature IFC Markets logoIFC Markets
TopFX logoTopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 630 655
Forex Pairs (Total) info 49 60
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 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.

Trading platforms and tools

IFC Markets and TopFX both offer strong trading platforms and tools, catering to the needs of modern traders. Both brokers provide free virtual demo accounts, allowing users to practice strategies without financial risk. However, IFC Markets stands out with its proprietary platform, offering an in-house developed trading experience, whereas TopFX relies on third-party platforms. Both brokers support a Windows-based desktop platform and web-based trading, ensuring flexibility in how you manage your investments. Moreover, they both offer the popular MetaTrader 4 platform, though only IFC Markets extends this with MetaTrader 5, appealing to traders looking for advanced features and tools.

When it comes to additional features, both IFC Markets and TopFX offer copy trading capabilities, enabling users to mimic successful traders. However, neither broker supports DupliTrade or ZuluTrade. Traders can enjoy a variety of technical analysis tools, with each broker offering 15 drawing tools for charting and the ability to trade directly from charts. Their watch lists are equally feature-rich, each providing seven columns for market data. Each broker is rated four stars for their trading platforms and tools, though IFC Markets ranks slightly higher at 36th compared to TopFX's 44th position in ForexBrokers.com's rankings. This comparison highlights the nuanced differences, helping you choose the right platform to enhance your trading journey.

Feature IFC Markets logoIFC Markets
TopFX logoTopFX
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 No
DupliTrade info No No
ZuluTrade info No No
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

Both IFC Markets and TopFX offer iPhone and Android apps designed for mobile trading, making them accessible for users on both major mobile platforms. These apps provide essential features like stock and forex price alerts and the ability to create watchlists with real-time quotes. Each app also offers 30 technical studies for charting, along with the ability to draw trendlines and view different time frames, such as daily, weekly, or intraday. Furthermore, both apps auto-save chart drawings, enhancing convenience for traders on the go.

Despite these shared features, there is a key difference between the two apps. IFC Markets allows for watchlist symbol syncing; changes made on the mobile app will automatically update on the user’s online account, providing seamless integration. On the other hand, TopFX does not offer this syncing feature. While both brokers are rated four stars for their mobile trading apps, their rankings differ slightly, with IFC Markets holding the 52nd spot and TopFX the 51st, out of 62 brokers, as listed by ForexBrokers.com. This makes both platforms comparable in functionality, with the choice between them hinging on specific syncing needs.

Feature IFC Markets logoIFC Markets
TopFX logoTopFX
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 Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to market research offerings, IFC Markets and TopFX cater to different needs. IFC Markets provides daily market commentary, which can be a great resource for traders who like regular updates. However, when it comes to forex news from leading sources like Bloomberg or Reuters, TopFX has the upper hand by making such critical information available to its users. Both brokers supply sentiment-based trading tools, giving traders insights into prevailing market sentiments across various instruments. Moreover, each broker offers an economic calendar that outlines global news events, aiding traders in timing their market moves.

TopFX stands out with additional support for advanced tools, featuring technical analysis and fundamental research resources from Autochartist and Trading Central, which are not available with IFC Markets. Neither broker provides tools from companies like TipRanks or Acuity Trading. In terms of ratings, IFC Markets edges slightly ahead with a 3.5-star score compared to TopFX’s 3 stars, according to ForexBrokers.com. In the Research category, IFC Markets ranks 40th out of 62 brokers, while TopFX comes in at 59th, reflecting their respective strengths and limitations in research offerings.

Feature IFC Markets logoIFC Markets
TopFX logoTopFX
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info No Yes
Autochartist info No Yes
Trading Central (Recognia) info No Yes
Social Sentiment - Currency Pairs info Yes Yes
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 it comes to educational resources for beginners in forex and CFDs trading, IFC Markets stands out compared to TopFX. IFC Markets provides more than 10 educational materials, such as articles and videos, aimed at helping newcomers understand the basics of trading. They also offer a collection of over 10 beginner-friendly videos to further simplify complex trading concepts. Additionally, IFC Markets includes an investor dictionary with over 50 terms, making it easier for new traders to get up to speed with trading jargon. In contrast, TopFX does not meet these educational benchmarks, leaving beginners with fewer resources to rely upon.

Neither IFC Markets nor TopFX host regular webinars or provide archives of past sessions, which can limit interactive learning opportunities. However, IFC Markets maintains a better overall rating for education, with 3.5 stars from reviewers, compared to TopFX's 3 stars. In a competitive comparison of 62 brokers, IFC Markets ranks at number 30 for education, while TopFX falls much lower at number 60. This difference highlights IFC Markets as a more preferred choice for beginners seeking comprehensive educational support in the trading world.

Feature IFC Markets logoIFC Markets
TopFX logoTopFX
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 No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 62 of the best forex brokers, our research and account testing finds that IFC Markets is better than TopFX. IFC Markets finished with an overall rank of #45, while TopFX finished with an overall rank of #61.

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
TopFX logoTopFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Trust Score info 73 67
Range of Investments 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platform & 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 TopFX?

Both IFC Markets and TopFX do not offer the option to buy actual delivered cryptocurrency, though they both provide the ability to trade cryptocurrency derivatives.

What funding options does each broker offer?

In comparing online brokers IFC Markets and TopFX, neither provider supports ACH or SEPA transfers for deposits or withdrawals, while TopFX offers PayPal and Skrill, unlike IFC Markets; both platforms facilitate transactions via Visa, Mastercard, and bank wires.




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 TopFX
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 3.5/5 Stars
Platform & 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 67
Winner check_circle
Review TopFX Review
Broker Screenshots IFC Markets TopFX
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 TopFX
Trust Score info 73 67
Year Founded info 2006 2010
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 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) IFC Markets TopFX
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 No
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 TopFX
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 TopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 630 655
Forex Pairs (Total) info 49 60
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 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 TopFX
Average Spread EUR/USD - Standard info 1.44 info 1.03 info
All-in Cost EUR/USD - Active info N/A 0.88 info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding IFC Markets TopFX
Minimum Deposit info $1 Depends on payment method
PayPal (Deposit/Withdraw) info No Yes
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 TopFX
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 No
cTrader info No Yes
DupliTrade info No No
ZuluTrade info No No
Trading Tools IFC Markets TopFX
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 TopFX
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 Yes
Mobile Economic Calendar info Yes Yes
Research IFC Markets TopFX
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info No Yes
Autochartist info No Yes
Trading Central (Recognia) info No Yes
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education IFC Markets TopFX
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 No
Major Forex Pairs IFC Markets TopFX
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 TopFX Review
Overall IFC Markets TopFX
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 3.5/5 Stars
Platform & 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 67
Winner check_circle
Review TopFX Review
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