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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

IFC Markets and TopFX both earn 4 out of 5 stars for commissions and fees. In ForexBrokers.com’s rankings, IFC Markets is #40 of 63, just ahead of TopFX at #41. The biggest differences show up in how each broker prices EUR/USD and the extras that can add or reduce costs.

IFC Markets’ standard pricing averages 1.44 pips on EUR/USD, which is higher than the industry average of 1.08 pips. Cost-conscious, active traders can do better with IFC Markets’ ECN account: the effective spread is about 1.1 pips after including the 0.005% commission charged on both sides of each trade. There’s no inactivity fee, and active-trader discounts can further trim expenses.

TopFX offers two choices on MetaTrader and cTrader. The RAW account uses low spreads plus commission: average EUR/USD spreads were 0.33 pips in July 2024, and with a commission equivalent of 0.55 pips per round turn, the all-in cost is roughly 0.88 pips—about in line with the industry average. The ZERO account is commission-free but had higher EUR/USD spreads at 1.03 pips in July 2024. RAW commissions are 2.75 EUR per side (5.50 EUR per round turn per standard lot), and the minimum deposit varies by payment method.

Feature IFC Markets logoIFC Markets
TopFX logoTopFX
Minimum Deposit info $1 Depends on payment method
Average spread (EUR/USD) - Standard account info 1.44 info 1.03 info
All-in Cost EUR/USD - Active info 1.1 info 0.88 info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Comparing IFC Markets vs TopFX for range of investments: both brokers let you trade forex as CFDs/spot and support copy trading. TopFX lists slightly more tradeable symbols (655 vs 630) and more forex pairs (60 vs 49). For stocks, neither broker lets you buy U.S.-listed shares directly, but IFC Markets does offer exchange-traded securities on international exchanges, while TopFX does not. Crypto is available at both via cryptocurrency CFDs, not as actual coins.

Both brokers earn 3.5 out of 5 stars for Range of Investments. In ForexBrokers.com’s rankings out of 63 brokers, IFC Markets places #44 and TopFX ranks #47. If you want access to international exchange-traded shares, IFC Markets has the edge; if you prefer a slightly wider overall symbol list and more forex pairs, TopFX comes out ahead.

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. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) 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 cover the basics well for trading platforms and tools. Each offers a free demo account for simulated trading, Windows desktop and web-based platforms, copy trading, MetaTrader 4 (MT4), and the ability to place trades directly from charts. IFC Markets stands out by also providing MetaTrader 5 (MT5) and an in-house proprietary platform, while TopFX does not. The available information does not specify the exact number of built-in chart indicators or watchlist fields for either broker.

Both brokers earn 4 out of 5 stars for Trading Platforms and Tools. However, in ForexBrokers.com’s rankings out of 63 brokers, IFC Markets places #37, ahead of TopFX at #46. In short: choose IFC Markets if you want MT5 and a proprietary platform option; choose TopFX if MT4 and core web/desktop access meet your needs.

Feature IFC Markets logoIFC Markets
TopFX logoTopFX
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

IFC Markets and TopFX both deliver capable mobile trading apps for iPhone and Android. Each app supports forex and CFD price alerts, 30 built-in technical studies for charting, the ability to draw trendlines, and auto-save for your chart annotations. Both brands earn 4 out of 5 stars for mobile trading.

The key difference is watchlist syncing: IFC Markets syncs symbols between the mobile app and your online account, while TopFX does not. In ForexBrokers.com’s Mobile Trading Apps ranking out of 63 brokers, TopFX placed #52 and IFC Markets #53. If cross-device watchlists matter, IFC Markets is the better fit; if you can live without syncing and want a slightly higher ranking, TopFX edges ahead.

Feature IFC Markets logoIFC Markets
TopFX logoTopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Comparing market research at IFC Markets and TopFX: IFC Markets provides daily market commentary, a trader sentiment tool, and an economic calendar. It does not include premium forex news feeds or third‑party research from Autochartist, Trading Central, TipRanks, or Acuity Trading. TopFX skips daily commentary but delivers top‑tier forex news (e.g., Bloomberg/Reuters/Dow Jones equivalents) and integrates Autochartist and Trading Central for technical and fundamental insights. Like IFC Markets, TopFX offers a sentiment tool and an economic calendar. Availability of TipRanks and Acuity Trading at TopFX is not specified.

For traders who want regular written updates, IFC Markets is the better fit. If you prefer built‑in third‑party analytics and headline news, TopFX has the edge. According to ForexBrokers.com, IFC Markets earns 3.5/5 stars for Research and ranks 41st out of 63 brokers, while TopFX scores 3/5 stars and ranks 61st out of 63.

Feature IFC Markets logoIFC Markets
TopFX logoTopFX
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info No Yes
Autochartist info No Yes
Trading Central info No Yes
Client sentiment data info Yes Yes
TipRanks info No
Acuity Trading info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners comparing education at IFC Markets vs. TopFX, both brokers provide forex and CFD education with at least 10 pieces of content. Neither hosts monthly educational webinars. IFC Markets stands out for self-paced learning thanks to a larger video library: it offers at least 10 beginner videos and at least 10 advanced videos. TopFX’s video catalog is thinner and doesn’t reach 10 videos for beginners or for advanced traders.

This difference shows in the scores: IFC Markets earns 3.5 out of 5 stars for Education and ranks #30 out of 63 brokers on ForexBrokers.com, while TopFX holds 3 out of 5 stars and ranks #62 out of 63. If you want structured video lessons that grow with you from basics to more complex topics, IFC Markets is the better fit. If you only need a quick overview and plan to learn elsewhere, TopFX may suffice. Just note that both lack live, monthly webinars, so most learning will be on-demand.

Feature IFC Markets logoIFC Markets
TopFX logoTopFX
Webinars info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 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 #62.

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
Platforms & 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?

IFC Markets vs TopFX: both online brokers do not allow buying actual (delivered) cryptocurrencies, but each offers cryptocurrency CFD trading.

What funding options does each broker offer?

Comparing online brokers IFC Markets and TopFX for deposits and withdrawals: both lack ACH/SEPA support and both allow bank wire transfers, TopFX supports PayPal and Skrill while IFC Markets does not, and Visa/Mastercard availability is not specified for either.

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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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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
Platforms & 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
Broker Gallery (click to expand) info
TopFX MetaTrader 4 desktop trading platform TopFX MetaTrader 4 desktop trading platform charts TopFX cTrader web trading platform TopFX cTrader desktop trading platform charts TopFX cTrader desktop trading platform TopFX cTrader desktop trading platform algo trading TopFX cTrader desktop market order window
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 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
Canada (CIRO Authorised) info No
Hong Kong (SFC Authorised) info No
Japan (SFC Authorised) info No
Singapore (MAS Authorised) info No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No
USA (CFTC Authorized) info No
New Zealand (FMA Authorised) info No
Regulated in one or more EU or EEA countries (MiFID). info Yes info
Tier-2 Licenses (Trusted) IFC Markets TopFX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info No
India (SEBI Authorised) info No
Jordan (JSC Authorised) info
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. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) 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 account info 1.44 info 1.03 info
All-in Cost EUR/USD - Active info 1.1 info 0.88 info
Inactivity Fee info No No
Order execution: Agency info Yes No
Order 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
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms IFC Markets TopFX
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
cTrader info No Yes
Trading Tools IFC Markets TopFX
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
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 Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research IFC Markets TopFX
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info No Yes
Autochartist info No Yes
Trading Central info No Yes
TipRanks info No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education IFC Markets TopFX
Webinars info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs IFC Markets TopFX
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
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
Platforms & 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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