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IFC Markets in India — review, licence and costs
Score (4 of 6 axes scored)
shown, not ranked: only 55% of the weight has data, need 55%
- Safety20%0
- Payouts15%99.2
- Track record10%100
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (5 facts)
- Onboarding entity
- IFCMARKETS CORP. (BVI); India-localized site ifcmarkets.co.in but onboarding is offshore.
- Founded
- 2006
- Retail leverage
- 400IN
- Currencies
- No INR; USD, EUR, JPY, uBTC.
- Swap-free account
- yes
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with IFC MarketsThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- IFCMARKETS CORP. (BVI); India-localized site ifcmarkets.co.in but onboarding is offshore.
- Local standing
- Not regulated in India. RBI/FEMA restrict offshore forex/CFD trading (only exchange-traded INR pairs are legal); residents trade at own risk.
- Licence as the register states it
- No SEBI/RBI licence; offshore BVI FSC only.
- Leverage for this entity
- Up to 1:400.
- The firm behind it
- Founded 2006; IFCMARKETS CORP. BVI FSC SIBA/L/14/1073; also Labuan-licensed group entity.
- What we hold against it
- Offshore BVI for Indian clients; no local recourse; known for synthetic PCI instruments.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youNot regulated in India. RBI/FEMA restrict offshore forex/CFD trading (only exchange-traded INR pairs are legal); residents trade at own risk.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Beginner/Standard/Premium, NetTradeX & MT accounts, min from USD 1. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where IFC Markets sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 1 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:400 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts
Identical for every row: Deposit, h 24 · Withdrawal, h 1 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (3 methods · 0 local rails)
Cards, bank wire, e-wallets (WebMoney, Bitwallet, ADVCash);
- Cards
- Bank wire
- E-wallets
- Account currency
- No INR; USD, EUR, JPY, uBTC.
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(4 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- MT4
- MT5
- NetTradeX
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1.8 |
| MT5 | — | 1.8 |
| NetTradeX | — | 1.8 |
| Forex pairs | 22 | — |
138 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 132 more.
Identical for every row: Leverage 400 IN.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.5 | 9 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(5 for and 5 against, each tied to a figure on this page)
- Min deposit 1 USD, under the India median 15
- Withdrawal in 1 h, one of 74 of 90 brokers here that publish a time
- Swap-free account available
- Track record 100 of 100, its strongest of 4 scored axes
- 3 platforms: MT4, MT5, NetTradeX
- Round-turn cost not priced: the pair of spread and commission is not published
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- Safety 0 of 100, its weakest of 4 scored axes
- Not scored on reviews, round-turn cost: the broker publishes no figure we could read
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 6IN
- Min deposit, USD
- 10IN
- Leverage
- 2000IN
- Rank in this country
- #5
- Round turn, USD
- 6IN
- Min deposit, USD
- 0 groupIN
- Leverage
- 2000IN
- Rank in this country
- #8
- Round turn, USD
- 9IN
- Min deposit, USD
- 25 groupIN
- Leverage
- 1000IN
- Rank in this country
- #12
- Round turn, USD
- 9IN
- Min deposit, USD
- 10IN
- Leverage
- 500IN
- Rank in this country
- #13
- Round turn, USD
- 7IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 1000IN
- Rank in this country
- #14
- Round turn, USD
- 4IN
- Rank in this country
- #4
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | IFC Markets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | — |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 99 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does IFC Markets accept residents of India?
- No. Not regulated in India. RBI/FEMA restrict offshore forex/CFD trading (only exchange-traded INR pairs are legal); residents trade at own risk. Onboarding entity: IFCMARKETS CORP. (BVI); India-localized site ifcmarkets.co.in but onboarding is offshore.
- Is IFC Markets licensed to serve clients in India?
- No SEBI/RBI licence; offshore BVI FSC only. Checked on 09.07.2026.
- What leverage does IFC Markets offer to retail clients in India?
- Up to 1:400. leverageGeo: Up to 1:400.
- Which trading platforms does IFC Markets support?
- MT4, MT5, NetTradeX. Instruments: FX, metals, indices, shares, commodities, crypto, synthetic PCI (GeWorko).
- How can I withdraw money from IFC Markets in India?
- Cards, bank wire, e-wallets (WebMoney, Bitwallet, ADVCash); UPI not verified at review. Typical withdrawal time: 1.0 hours.
- What account types does IFC Markets offer?
- Beginner/Standard/Premium; NetTradeX & MT accounts; min from USD 1.
- Does IFC Markets offer a swap-free (Islamic) account?
- Yes. IFC Markets offers a swap-free (Islamic) account to India residents.