Score
Australia
|
5-10 years
|
Environment A
|--
Website
Rating Index
Speed：AA
Slippage：A
Cost：B
Disconnected：AA
Rollover：C
LicensesLicensed Entity：FTX AUSTRALIA PTY LTD
License No. 323193
Australia
WikiFX Data provide
ifsmarkets.cn United StatesNote: IFS Markets's official website: https://www.ifsmarkets.com/ is currently inaccessible normally.
| IFS Markets Review Summary | |
| Founded | 2023 |
| Registered Country/Region | Australia |
| Regulation | Suspected Fake Clone |
| Market Instruments | Forex, Indices, Commodities |
| Demo Account | Not Mentioned |
| Leverage | Up to 1:400 |
| Spread | Starting from 0.0 pips |
| Trading Platform | Meta Trader 4 |
| Min Deposit | $100 |
IFS Markets is an online forex and commodities trader, founded in 2008 and is headquartered in Sydney, Australia. IFS Markets offers many tradable instruments including forex, indices, commodities, etc, via its Standard Account or the Professional Account. It has a high leverage of up to 1:400. However, it is a Suspected Fake Clone.
| Pros | Cons |
|
|
|
|
|
IFS Markets had a Market Making(MM) regulated by the Australian Securities and Investments Commission (ASIC) in Australia with a license number of 323193, but currently, it is a Suspected Fake Clone.
| Regulatory Status | Suspected Fake Clone |
| Regulated by | Australia |
| Licensed Institution | FTX AUSTRALIA PTY LTD |
| Licensed Type | Market Making(MM) |
| Licensed Number | 323193 |
The company provides investors with popular tradable instruments including forex (providing 45 pairs of various mainstream and cross-currency exchanges), indices (from 14 popular stock indices on the world's largest stock market), commodities (gold, silver, crude oil), etc.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrency | ❌ |
| Shares | ❌ |
| Metals | ❌ |
IFS Markets provides two types of accounts, including the Standard Account and the Professional Account for clients. The minimum deposit for Standard Accounts is $100, and the minimum deposit for Professional Accounts is $300.
IFS Markets's maximum leverage available for forex products ranges from 1:1 to 1:400. For gold, the maximum leverage is 1:100, while for silver, it's 1:50.
IFS Markets's standard account does not charge commissions, only the spread fee, and the main spread starts at 1.1 pips. The spread of the pro accounts starts at 0 pips, and $7 will be charged per 10,000 contracts. Swap rates are a cost. See the following swap rates table:
| ITEM | LONG | SHORT |
| EURUSD | $5.28 | $0.20 |
| GBPUSD | $5.27 | $3.86 |
| AUDUSD | $3.65 | $2.79 |
| USDJPY | $2.12 | $4.50 |
| Trading Platform | Supported | Available Devices | Suitable for |
| Meta Trader 4 | ✔ | PC and Mobile | Investors of all experience levels |
IFS Markets charges a minimum deposit of $100. The fees of IFS Markets depend on the Deposit/Withdrawal Options you choose. You can refer to the table for details.
| Deposit/Withdrawal Options | Fees | Processing Time |
| Credit/Debit Cards (AUD, USD, JPY, EUR, NZD, BGP, CAD, SGD) | 2% deposit fee | Instant |
| Online Banking (RMB, THB, IDR, MYR, VND) | Free | 1-2 business days |
| Wire Transfers (AUD, USD, SGD, BGP, EUR) | Free | 2-5 business days |
| E-wallets (Skrill, NETELLER, Fasapay) | Varying fees | Varying processing times |
| Bitcoin | 1.5% fee | Instant |
Please enter...
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
FX2989323674
Taiwan
The attitude of Taiwan customer service is really poor. I already answered the message, but the customer service does not response to me for many days.
Exposure
FX2989323674
Taiwan
I do not know if I should believe what customer service said. I just hope that Taiwan platform can be restored and logged in regularly.
Exposure
FX3220679415
Hong Kong
I cannot open IFS app since this afternoon. Has anybody encountered the same situation?
Exposure
百丽008号会员
Australia
the so-called ASIC license of IFS markets is totally a fake one, and the company itself is also a scammer! please make sure that your money is in safe hand...
Neutral
A...
Pakistan
IFS Markets appears to have changed the website address. While entering into the old URL, it leads directly to a brand new page. Their name and logo have also been changed, which is completely different from before. I wonder if this broker cloned someone else's website, or just wanted to change their name and begin again.
Neutral
梅老板
Hong Kong
I’ve tried so many times emailing to IFS for I cannot log into my MT4 platform anymore, and my funds were no longer to be found in my MT4 but there was no reply at all until at certain I thought that IFS has ceased operation and my funds had gone.
Neutral
大先生
Hong Kong
IFS Markets has been withdrawing money for a week. They send me an email saying that there is an abnormal transactions and have not answered anymore. MT4 can't be traded. No money has been given.
Exposure
极 速
Hong Kong
Today, the authorization failed. It was possible to log in before, and the customer service information is not returned.
Exposure
Kyle Loh
Malaysia
A friend introduced me IFS Markets and I deposited on it. At first I gained a lot but then I was unable to withdraw. I found it was a scam and I lost 142,000.
Exposure
FX5309367402
Vietnam
I want to withdraw 300,000 USD. It said that my account was blocked and ask me to deposit 300,000 USD. It promised to complete the withdrawal in August. I asked about taxes but it said there was no tax. Several days later, it told me to deposit 90,000 USD because of high tax and other reasons. The balance in my account totalled 1,400,000 USD. I received a message that I was suspected to launder money with foreign assets. My account was going to be blocked. My friend encountered the same situation as me. They refused to provide any certified information or take the responsibility. Please do not trust IFS Markets.
Exposure
FX6764978682
Malaysia
I had to pay high taxes before withdrawing. I gained 50,000 but the taxes totaled 15,000.
Exposure
FX1902568998
Thailand
I wanna withdraw funds. But the customer service said I hadn't invested.
Exposure
蔡忻忻
Taiwan
I am so stupid that they cheated me to deposit funds. When I wanna withdraw funds, they said the withdrawal process in Taiwan was so strict! In the end, I paid the margin and my account was frozen. This fraud called himself Yao Zhang!
Exposure
A洲明蓝普LED-液晶拼接屏-刘哲
Hong Kong
I have been withdrawing funds for four months, and have been saying to switch to a third-party payment platform, and have been rejecting the withdrawal
Exposure
FX1648913030
Hong Kong
The fraud company has given no withdrawal anymore.
Exposure
FX6023201320
Hong Kong
On March 26th, there was a 1000-pip slippage with IFS Markets , which hadn’t occurred in other platforms, leading to forced liquidation. Only by trading to a certain lot, can I get the compensation. But during the later trading process, I figured out that the compensation couldn’t be used for trading. Meanwhile, the margin portion was also fake, what I lost is my fund, leading to account liquidated again. Hope you take heed on it and avoid being cheated.(I made a loss of at least 100 thousand RMB)
Exposure
玻璃隔断$李艳东
Hong Kong
Having traded in the platform, I couldn’t withdraw fund and profit both.
Exposure
玻璃隔断$李艳东
Hong Kong
After I downloaded the APP and made a profit, the platform gave no access to withdrawal with the excuse of wrong bank information and asked me to deposited and to pay individual tax. Now the withdrawal is unavailable.
Exposure
FX1473030999
Hong Kong
They induced me to deposited 2000$ last month 16th. I transferred money to a personnel account. After two hours, I saw my 2000$ balance on the website. They told me the platform is legit and regulated by ASIC. I traded as they asked. Later I found their spread for gold is 100$, and their people manipulated my account all the time. I tried to withdraw, but they told me it needs 15 days. When I came back from business trip and applied for a withdrawal again, I found I was blocked and my account was banned. Don’t get yourself fooled!
Exposure
学无止境焉
Hong Kong
The website of the platform is http://www.fxifs.com/zh-cn/ ,in which neither the withdrawal nor the commission is available.
Exposure