ifc markets
Velocity Trade
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Overview
ifc markets was founded in 2016 and is headquartered in Cyprus, while Velocity Trade was established in 2007 and is based in Australia. ifc markets holds licences including Financial Conduct Authority (FCA), while Velocity Trade is regulated by Australian Securities & Investment Commission (ASIC) among others. ifc markets serves 60,000+ clients worldwide; Velocity Trade has 10,000+. The minimum deposit is $250 at ifc markets and $1 at Velocity Trade.
| Feature | ifc markets | Velocity Trade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| 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 | Australian Securities & Investment Commission (ASIC), BaFIN (German Federal Financial Services Authority ID: 10159853), Financial Markets Authority (FMA) of New Zealand, Financial Sector Conduct Authority of South Africa (FSCA) FSP No. 43295, Financial Conduct Authority (FCA Registered Number 497263) |
| Founded | 2016 | 2007 |
| Country | Cyprus | Australia |
| Clients | 60,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ifc markets and Velocity Trade, directly affecting your bottom line as a trader. Velocity Trade has a lower barrier to entry with a minimum deposit of $1 (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, Velocity Trade scores higher on fees in our assessment.
| Feature | ifc markets | Velocity Trade |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
ifc markets offers MT5, cTrader, while Velocity Trade supports MT4. Both brokers provide mobile trading apps for iOS and Android. ifc markets edges ahead on platform breadth and functionality in our scoring.
| Feature | ifc markets | Velocity Trade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | No |
| 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, Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ifc markets and Velocity Trade compare. Velocity Trade runs regular live webinars; ifc markets does not. Both provide video tutorials. Velocity Trade publishes daily market commentary; ifc markets does not. Both integrate third-party research tools. Velocity Trade maintains an archive of past webinars for on-demand viewing. Velocity Trade scores higher overall in education and research.
| Feature | ifc markets | Velocity Trade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 Velocity Trade 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 | Velocity Trade |
|---|---|---|
| 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 Velocity Trade offer live chat support. Both provide phone support. Email support is available at both brokers. ifc markets supports 8 languages and Velocity Trade supports 2, giving ifc markets broader global reach. Both brokers are comparable on support quality.
| Feature | ifc markets | Velocity Trade |
|---|---|---|
| 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 |