IFC Markets is a part of the IFCM group of companies that are involved in the development of projects in the field of financial technologies with the requirements set by international legislation to provide financial services. It was founded in 2006 and is regulated by the BVI Financial Services Commission (BVI FSC) and Cyprus Securities and Exchange Commission (CySEC). It offers over 650 trading instruments, including forex, CFDs, stocks, indices, commodities, metals, energies, ETFs and synthetic instruments.
Fortrade is a multi-asset, multi-regulated broker with branches regulated by the FCA, CySEC and ASIC among others. It was founded in 2014 and offers trading opportunities on a wide range of instruments including stocks, bonds, commodities, forex, indices, cryptocurrencies and ETFs, with competitive fees and support for MetaTrader 4 and a proprietary platform.
IFC Markets vs Fortrade Regulation Comparison
Broker
Regulator
License Number
Country
IFC Markets
BVI FSC
SIBA/L/14/1073
British Virgin Islands
IFC Markets
CySEC
147/11
Cyprus
Fortrade
FCA
609970
UK
Fortrade
CySEC
385/20
Cyprus
Fortrade
ASIC
493520
Australia
Fortrade
IIROC
N/A
Canada
Fortrade
NBRB
193075810
Belarus
IFC Markets vs Fortrade Trading Assets Comparison
Broker
Forex Pairs
Stocks
Indices
Commodities
Cryptocurrencies
ETFs
IFC Markets
50+
400+ (CFDs)
15+ (CFDs)
80+ (CFDs)
26 (CFDs)
N/A
Fortrade
60+ (CFDs)
500+ (CFDs)
20+ (CFDs)
50+ (CFDs)
40+ (CFDs)
20+ (CFDs)
IFC Markets vs Fortrade Trading Fees Comparison
Spreads: IFC Markets has fixed spreads from 1.8 pips for its Beginner, Micro, Standard and Standard-Fixed accounts, and floating spreads from 0.4 pips for its Standard-Floating and NetTradeX accounts. Fortrade has variable spreads from 0.6 pips for all its account types. The spreads may vary depending on the market conditions, the instrument type and the account type.
Commissions: Neither IFC Markets nor Fortrade charge any commissions for their account types.
Swap rates: IFC Markets and Fortrade charge swap rates for holding positions overnight, which are based on the interest rate differential between the two currencies of the pair and the direction of the trade. The swap rates may change daily and are displayed on the platforms. Fortrade offers an Islamic account that allows swap-free trading for Muslim traders who follow Sharia law. IFC Markets does not offer any swap-free account option.
Other fees: IFC Markets and Fortrade may charge other fees such as deposit and withdrawal fees, inactivity fees, conversion fees, etc. depending on the payment method, the currency and the account activity. The other fees are disclosed on the websites and the platforms.
IFC Markets vs Fortrade Account Types Comparison
Minimum deposit: IFC Markets has a lower minimum deposit requirement for its Beginner and Micro accounts ($1) than Fortrade’s Standard and Islamic accounts ($100). However, both brokers have the same minimum deposit for their Standard-Fixed, Standard-Floating and NetTradeX accounts ($1000) and for their Premium accounts ($5000).
Leverage: IFC Markets offers higher leverage for forex pairs and metals (up to 1:400 for Beginner and Micro accounts, up to 1:200 for other accounts) than Fortrade (up to 1:30 for retail clients, up to 1:200 for professional clients). However, Fortrade offers higher leverage for other instruments (up to 1:40) than IFC Markets (up to 1:40 for NetTradeX account, up to 1:20 for other accounts).
Spreads: IFC Markets has fixed spreads from 1.8 pips for its Beginner, Micro, Standard and Standard-Fixed accounts, and floating spreads from 0.4 pips for its Standard-Floating and NetTradeX accounts. Fortrade has variable spreads from 0.6 pips for all its account types.
Commissions: Neither IFC Markets nor Fortrade charge any commissions for their account types.
Lot size: IFC Markets has a lower minimum lot size for its Micro account (0.001) than Fortrade’s minimum lot size for all its account types (0.01). However, both brokers have the same minimum lot size for their other account types (0.01) and the same maximum lot size for all their account types (100).
Swap-free trading: Only Fortrade offers an Islamic account that allows swap-free trading for Muslim traders who follow Sharia law. IFC Markets does not offer any swap-free account option.
IFC Markets vs Fortrade Deposit Options Comparison
Economic calendar, market news and analysis, trading signals, technical analysis tools
IFC Markets vs Fortrade. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as it depends on your personal preferences, trading goals, risk appetite, experience level and budget. However, here are some factors that you may consider when comparing IFC Markets and Fortrade:
Regulation: Both IFC Markets and Fortrade are regulated by reputable authorities such as the FCA, CySEC and ASIC, which means they have to comply with high standards of security, transparency and customer protection. However, Fortrade has more regulatory licenses than IFC Markets, which may give you more confidence and flexibility when trading with them.
Trading assets: Both IFC Markets and Fortrade offer a wide range of trading instruments, including forex, CFDs, stocks, indices, commodities, metals, energies, cryptocurrencies and ETFs. However, Fortrade has more forex pairs (60+ vs 50+), stocks (500+ vs 400+), indices (20+ vs 15+), commodities (50+ vs 80+), cryptocurrencies (40+ vs 26) and ETFs (20+ vs N/A) than IFC Markets. This may give you more opportunities and diversity when trading with them.
Trading fees: Both IFC Markets and Fortrade have competitive fees and do not charge any commissions for their account types. However, IFC Markets has lower spreads for its Standard-Floating and NetTradeX accounts (from 0.4 pips) than Fortrade (from 0.6 pips). This may save you some costs when trading with them.
Account types: Both IFC Markets and Fortrade have different account types to suit different traders’ needs and preferences. However, IFC Markets has more account types (6 vs 3) and a lower minimum deposit requirement for its Beginner and Micro accounts ($1 vs $100) than Fortrade. This may give you more flexibility and accessibility when trading with them.
Trading platforms: Both IFC Markets and Fortrade support MetaTrader 4, one of the most popular and user-friendly trading platforms in the industry. However, IFC Markets also offers NetTradeX, a unique and exclusive platform that allows you to create synthetic instruments and trade them with floating spreads from 0 pips. Fortrade also offers Fortrader, a proprietary platform that is simple and accessible for all levels of traders.
Analytical tools: Both IFC Markets and Fortrade provide various analytical tools to help you make informed trading decisions, such as economic calendar, market news and analysis, trading signals and technical analysis tools. However, IFC Markets also offers portfolio quotation method, a novel way of analyzing the relative value of assets.
Ultimately, the choice between IFC Markets and Fortrade depends on your personal preferences, trading goals, risk appetite, experience level and budget. You may want to try their demo accounts first to test their platforms and services before opening a live account with them. You may also want to read some user reviews and feedback to get a better idea of their reputation and customer satisfaction.
