IFC Markets is an online trading broker that offers over 650 trading instruments, including forex, CFDs, cryptocurrencies, commodities, indices and more. It is regulated by the BVI FSC and has been operating since 2006. It has a patented GeWorko Method for creating unlimited instruments and offers leverage up to 1000x.
SimpleFX is an online trading broker that offers low fees and no minimum deposit, with the popular MT4 platform plus its own SFX WebTrader platform. It also offers a staking service and a social trading community. It has over 200,000 clients globally and offers over 170 trading instruments, including forex, CFDs, cryptocurrencies, stocks and more. It is unregulated but accepts crypto deposits and payments.
IFC Markets vs SimpleFX Regulation Comparison
Broker
Regulator
License Number
IFC Markets
BVI FSC
SIBA/L/14/1073
SimpleFX
None
N/A
IFC Markets vs SimpleFX Trading Assets Comparison
Broker
Forex Pairs
Crypto Pairs
Stocks
Indices
Commodities
IFC Markets
60+
8+
400+
15+
18+
SimpleFX
60+
15+
50+
15+
10+
IFC Markets vs SimpleFX Trading Fees Comparison
Broker
Spreads
Commissions
Swap Rates
IFC Markets
From 0.4 pips
None
Variable
SimpleFX
From 0.1 pips
None
Variable
IFC Markets vs SimpleFX Account Types Comparison
Broker
Account Types
IFC Markets
Beginner, Standard, Micro, NetTradeX
SimpleFX
Standard
IFC Markets vs SimpleFX Deposit Options Comparison
Broker
Deposit Methods
Withdrawal Methods
IFC Markets
Bank transfer, credit/debit card, Skrill, Neteller, WebMoney, Perfect Money, QIWI, FasaPay, Bitcoin, Litecoin, Ethereum and more. Minimum deposit: $1. Fees: None. Processing time: Instant or up to 3 days.
Withdrawal time: Up to 5 days. Minimum withdrawal: $1. Fees: None or up to $50 depending on method.
SimpleFX
Bank transfer, credit/debit card, Skrill, Neteller, FasaPay, Bitcoin Payments and more. Minimum deposit: None. Fees: None or up to 5% depending on method. Processing time: Instant or up to 3 days.
Withdrawal time: Up to 5 days. Minimum withdrawal: None or $10 depending on method. Fees: None or up to 5% depending on method.
IFC Markets vs SimpleFX Trading Platforms Comparison
Broker
Trading Platforms
IFC Markets
MT4 (desktop, web and mobile), NetTradeX (desktop and mobile)
SimpleFX
MT4 (desktop and mobile), SFX WebTrader (web and mobile)
IFC Markets vs SimpleFX Analytical Tools Comparison
Broker
Analytical Tools
IFC Markets
Economic calendar, market sentiment, trading signals, market overview, technical analysis tools, GeWorko Method for creating custom instruments
SimpleFX
Economic calendar, market news, trading signals, social trading community, technical analysis tools
IFC Markets vs SimpleFX. Which forex broker is better? Which forex broker should you choose?
Which forex broker is better or which one you should choose it depends on your personal preference, trading goals, risk appetite and budget. You should always do your own research and due diligence before opening an account with any broker.
Ultimately, the best way to decide which broker is more suitable for you is to test them out by opening a demo account or a real account with a small deposit and testing their service and performance. You can also read online reviews and feedback from other traders who have used these brokers before.
