ifc markets
NordFX
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Overview
ifc markets was founded in 2016 and is headquartered in Cyprus, while NordFX was established in 2008 and is based in Mauritius. ifc markets holds licences including Financial Conduct Authority (FCA), while NordFX is regulated by VFSC (15008) among others. ifc markets serves 60,000+ clients worldwide; NordFX has 10,000+. The minimum deposit is $250 at ifc markets and $10 at NordFX.
| Feature | ifc markets | NordFX |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F259 | VFSC (15008) |
| Founded | 2016 | 2008 |
| Country | Cyprus | Mauritius |
| Clients | 60,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ifc markets and NordFX, directly affecting your bottom line as a trader. NordFX has a lower barrier to entry with a minimum deposit of $10 (vs $250 at ifc markets). Neither broker charges withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, NordFX scores higher on fees in our assessment.
| Feature | ifc markets | NordFX |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
ifc markets offers MT5, cTrader, while NordFX supports MT4, MT5. Both brokers provide mobile trading apps for iOS and Android. NordFX supports social and copy trading features, which ifc markets does not offer. NordFX edges ahead on platform breadth and functionality in our scoring.
| Feature | ifc markets | NordFX |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ifc markets and NordFX compare. Both provide video tutorials. ifc markets integrates third-party research tools (Autochartist); NordFX does not. NordFX scores higher overall in education and research.
| Feature | ifc markets | NordFX |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ifc markets accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while NordFX supports 4 (bank transfer, credit/debit card, Skrill, Neteller). ifc markets uniquely supports PayPal among the two brokers. ifc markets scores higher on deposit and withdrawal flexibility.
| Feature | ifc markets | NordFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ifc markets and NordFX offer live chat support. Both provide phone support. Email support is available at both brokers. ifc markets supports 8 languages and NordFX supports 13, giving NordFX broader global reach. Both brokers are comparable on support quality.
| Feature | ifc markets | NordFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay |