IFC
Pros and Cons
Pros
- Availability of demo account for practice trading
- Diverse range of trading instruments including Forex, commodities, and indices
- Access to margin financing services
- Multiple customer support channels: phone and email
- Flexible account upgrading options from retail to professional
Cons
- Not regulated by any recognized financial authority
- Lack of investor protection for traders
- Limited cryptocurrency options available
- No advanced educational resources for trading
- Potential withdrawal fees may apply
Basic Information
User Reviews
IFC Overview
Established in 1978, the International Financial Center (IFC) is headquartered in Jordan and operates as a financial broker offering a range of services. Despite its long-standing presence in the industry, IFC is currently unregulated, which may raise concerns for potential traders regarding the safety and legitimacy of their trading activities. The broker provides access to various financial brokerage services, including cash-based trading and margin financing, allowing clients to engage in online trading on its platform.
IFC specializes in financial brokerage and margin financing, catering to traders looking for tailored financial intermediation services. The broker offers a demo account, enabling prospective clients to familiarize themselves with its trading environment before committing real funds. Customer support is readily available through multiple channels, including phone and email, ensuring that traders can receive assistance as needed. While IFC presents opportunities for trading, it is essential for users to consider the implications of trading with an unregulated broker.
Is IFC Safe? Regulation Analysis
Regulatory Information
The International Financial Center (IFC) is not regulated by any recognized financial authority. This lack of regulation raises concerns about the safety and legitimacy of trading with this broker. Potential traders should be aware that trading with an unregulated broker can pose significant risks, including the absence of investor protection and a higher likelihood of fraudulent activities.
Trading Products and Services
What trading instruments does IFC offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | N/A |
The International Financial Center (IFC) offers a diverse range of trading instruments that cater to various types of traders. With access to multiple asset categories such as Forex, commodities, and indices, traders can explore numerous options to construct a well-rounded portfolio. This diversity in trading tools supports different trading styles, whether one is a beginner looking to learn the ropes or a professional seeking to implement advanced strategies. The availability of various products enables traders to adapt their approaches based on market conditions, enhancing their ability to capitalize on opportunities in dynamic markets.
Account Types and Trading Conditions
What Account Types and Fees Does IFC Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Demo Account | Beginners | Practice trading without financial risk | Suitable for those new to trading to learn the platform |
| Retail Account | Individual Traders | Access to various trading instruments | Designed for personal trading activities |
| Professional Account | Experienced Traders | Potential for higher leverage and advanced features | Requires proof of trading experience |
Account Opening Process
To open an account with IFC, prospective clients must follow several steps. Initially, individuals are required to submit personal information, including their name, contact details, and date of birth. Following this, employment and financial information must be provided to assess the individual’s trading background and financial status. Verification of identity is crucial, necessitating the submission of a government-issued ID and proof of address. Additionally, there is flexibility in upgrading accounts later, allowing users to transition from a retail to a professional account as their trading experience grows.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | Competitive spreads available |
| Forex (Minor Pairs) | Varies | $0 | Wider spreads compared to majors |
| CFDs (Stocks) | Varies | $0 | Access to major stocks |
| CFDs (Indices) | Varies | $0 | Includes major indices |
| CFDs (Commodities) | Varies | $0 | Popular commodities available |
| Cryptocurrencies | N/A | $0 | Currently not supported |
Other Fees
Additional fees that may apply include deposit and withdrawal fees, which can vary depending on the payment method selected. An inactivity fee may also apply if there is no trading activity over a specific period. While there are no platform usage fees associated with trading, overnight interest may be charged on positions held beyond the trading day, depending on the account type. Currency conversion fees might also be applicable for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does IFC Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS | Login security (encryption), multiple order types, technical indicators | Demo account, VPS |
| Web Version | Any device with internet access | Symbol lookup, price alerts, push notifications | Demo account |
| Mobile App | iOS, Android | Convenient login, real-time alerts, one-click trading | Demo account |
The platforms offered by IFC provide a variety of advantages tailored to different trading preferences. MT4 is robust for advanced traders seeking comprehensive tools, while the web version offers accessibility from any device for quick trades. The mobile app enhances convenience, allowing traders to operate anytime with secure login options and real-time alerts. Overall, IFC supports mobile trading, ensuring secure logins, fast order execution, and efficient search tools across its platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min 100, Max 10,000 | USD, JOD |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 5,000 | USD, JOD |
| e-Wallets | Instant | 1.5% charge | Min 50, Max 10,000 | USD |
Minimum Deposit
The minimum deposit requirement at IFC is $50 for credit and debit card deposits and $100 for bank transfers. This amount is consistent across different payment methods and does not vary by account type or region.
How to Withdraw
To withdraw funds from your IFC account, follow these steps:
- Log into your IFC trading account.
- Navigate to the “Withdrawal” section.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw.
- Submit your request and wait for confirmation.
Customer Support
IFC Customer Support Overview
Support Channels
The International Financial Center (IFC) provides various methods for customers to reach out for support. Clients can contact IFC via:
- Email: Customers can send inquiries to info@ifc.com.jo.
- Telephone: Support is available through phone at +962 6 5621786.
Service Availability
IFC’s customer support operates during standard business hours. While specific hours are not detailed, potential clients can typically expect assistance during weekdays. Multilingual support is not explicitly mentioned, so inquiries may primarily be handled in the language of the local region.
Frequently Asked Questions
The International Financial Center (IFC) is currently unregulated by any recognized financial authority. This lack of regulation may raise concerns regarding the safety and legitimacy of trading with this broker, as it poses risks such as the absence of investor protection.
IFC offers a diverse range of trading instruments including Forex (major and minor pairs), commodities like gold and oil, indices such as the S&P 500 and NASDAQ, and stocks from the US and UK. Additionally, cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are also available for trading.
While IFC provides access to various financial services, potential traders should be aware that trading with an unregulated broker like IFC may lead to concerns about fund security. It is essential to consider the risks involved and conduct thorough research before investing.
IFC offers customer support through multiple channels, including email and telephone. Clients can reach out via email at info@ifc.com.jo or by phone at +962 6 5621786. Customer support operates during standard business hours to assist with inquiries.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.