ifc markets
UFX
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Overview
ifc markets was founded in 2016 and is headquartered in Cyprus, while UFX was established in 2007 and is based in Republic of Vanuatu. ifc markets holds licences including Financial Conduct Authority (FCA), while UFX is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. ifc markets serves 60,000+ clients worldwide; UFX has 10,000+. The minimum deposit is $250 at ifc markets and $500 at UFX.
| Feature | ifc markets | UFX |
|---|---|---|
| Min. Deposit | $250 | $500 |
| 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 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2016 | 2007 |
| Country | Cyprus | Republic of Vanuatu |
| Clients | 60,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ifc markets and UFX, directly affecting your bottom line as a trader. ifc markets has a lower barrier to entry with a minimum deposit of $250 (vs $500 at UFX). UFX charges withdrawal fees while ifc markets does not, giving ifc markets an edge for frequent withdrawers. ifc markets applies inactivity fees on dormant accounts; UFX does not. The two brokers are broadly comparable on fee structure.
| Feature | ifc markets | UFX |
|---|---|---|
| Min. Deposit | $250 | $500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
ifc markets offers MT5, cTrader, while UFX supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. UFX supports social and copy trading features, which ifc markets does not offer. The two brokers are closely matched on platform offering.
| Feature | ifc markets | UFX |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| 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, Web Trader, 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 UFX compare. Both provide video tutorials. Both integrate third-party research tools. The two brokers are evenly matched on educational content.
| Feature | ifc markets | UFX |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | Yes |
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 UFX supports 2 (bank transfer, credit/debit card). ifc markets uniquely supports PayPal and Skrill and Neteller among the two brokers. ifc markets scores higher on deposit and withdrawal flexibility.
| Feature | ifc markets | UFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
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 UFX offer live chat support. Both provide phone support. Email support is available at both brokers. ifc markets supports 8 languages and UFX supports 2, giving ifc markets broader global reach. Both brokers are comparable on support quality.
| Feature | ifc markets | UFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |