Score
IFS Markets
Australia|5-10 years| Benchmark A|https://www.ifsmarkets.com/
Website
Rating Index
Benchmark
Speed：A
Slippage：B
Cost：B
Disconnected：A
Rollover：A
Contact
Licenses
Licensed Institution：FTX AUSTRALIA PTY LTD
License No.：323193
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Australia
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Benchmark
WikiFX Data provideWebsite
ifsmarkets.cn
Server Location
United States
Website Domain Name
ifsmarkets.cn
Website
WHOIS.CNNIC.CN
Company
CRAZY DOMAINS FZ-LLC
Domain Effective Date
2018-10-18
Server IP
104.24.101.66
-
ifsmarkets.com
Server Location
United States
Website Domain Name
ifsmarkets.com
Website
WHOIS.CRAZYDOMAINS.COM
Company
CRAZY DOMAINS FZ-LLC
Domain Effective Date
2018-10-03
Server IP
104.244.43.234
Company Summary
Note: IFS Markets's official website: https://www.ifsmarkets.com/ is currently inaccessible normally.
| IFS Markets Review Summary | |
| Founded | 2023 |
| Registered Country/Region | Australia |
| Regulation | Suspected Fake Clone |
| Market Instruments | Forex, Indices, Commodities |
| Demo Account | Not Mentioned |
| Leverage | Up to 1:400 |
| Spread | Starting from 0.0 pips |
| Trading Platform | Meta Trader 4 |
| Min Deposit | $100 |
IFS Markets Information
IFS Markets is an online forex and commodities trader, founded in 2008 and is headquartered in Sydney, Australia. IFS Markets offers many tradable instruments including forex, indices, commodities, etc, via its Standard Account or the Professional Account. It has a high leverage of up to 1:400. However, it is a Suspected Fake Clone.
Pros and Cons
| Pros | Cons |
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Is IFS Markets Legit?
IFS Markets had a Market Making(MM) regulated by the Australian Securities and Investments Commission (ASIC) in Australia with a license number of 323193, but currently, it is a Suspected Fake Clone.
| Regulatory Status | Suspected Fake Clone |
| Regulated by | Australia |
| Licensed Institution | FTX AUSTRALIA PTY LTD |
| Licensed Type | Market Making(MM) |
| Licensed Number | 323193 |
What Can I Trade on IFS Markets?
The company provides investors with popular tradable instruments including forex (providing 45 pairs of various mainstream and cross-currency exchanges), indices (from 14 popular stock indices on the world's largest stock market), commodities (gold, silver, crude oil), etc.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrency | ❌ |
| Shares | ❌ |
| Metals | ❌ |
Account Type
IFS Markets provides two types of accounts, including the Standard Account and the Professional Account for clients. The minimum deposit for Standard Accounts is $100, and the minimum deposit for Professional Accounts is $300.
Leverage of IFS Markets
IFS Markets's maximum leverage available for forex products ranges from 1:1 to 1:400. For gold, the maximum leverage is 1:100, while for silver, it's 1:50.
IFS Markets Fees
IFS Markets's standard account does not charge commissions, only the spread fee, and the main spread starts at 1.1 pips. The spread of the pro accounts starts at 0 pips, and $7 will be charged per 10,000 contracts. Swap rates are a cost. See the following swap rates table:
| ITEM | LONG | SHORT |
| EURUSD | $5.28 | $0.20 |
| GBPUSD | $5.27 | $3.86 |
| AUDUSD | $3.65 | $2.79 |
| USDJPY | $2.12 | $4.50 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Meta Trader 4 | ✔ | PC and Mobile | Investors of all experience levels |
Deposit and Withdrawal
IFS Markets charges a minimum deposit of $100. The fees of IFS Markets depend on the Deposit/Withdrawal Options you choose. You can refer to the table for details.
| Deposit/Withdrawal Options | Fees | Processing Time |
| Credit/Debit Cards (AUD, USD, JPY, EUR, NZD, BGP, CAD, SGD) | 2% deposit fee | Instant |
| Online Banking (RMB, THB, IDR, MYR, VND) | Free | 1-2 business days |
| Wire Transfers (AUD, USD, SGD, BGP, EUR) | Free | 2-5 business days |
| E-wallets (Skrill, NETELLER, Fasapay) | Varying fees | Varying processing times |
| Bitcoin | 1.5% fee | Instant |
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 24
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Review 24
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FX2989323674
Taiwan
The attitude of Taiwan customer service is really poor. I already answered the message, but the customer service does not response to me for many days.
Exposure
2022-01-15
FX2989323674
Taiwan
I do not know if I should believe what customer service said. I just hope that Taiwan platform can be restored and logged in regularly.
Exposure
2022-01-12
FX3220679415
Hong Kong
I cannot open IFS app since this afternoon. Has anybody encountered the same situation?
Exposure
2022-01-03
大先生
Hong Kong
IFS Markets has been withdrawing money for a week. They send me an email saying that there is an abnormal transactions and have not answered anymore. MT4 can't be traded. No money has been given.
Exposure
2021-12-13
极 速
Hong Kong
Today, the authorization failed. It was possible to log in before, and the customer service information is not returned.
Exposure
2021-11-05
Kyle Loh
Malaysia
A friend introduced me IFS Markets and I deposited on it. At first I gained a lot but then I was unable to withdraw. I found it was a scam and I lost 142,000.
Exposure
2021-09-20
FX5309367402
Vietnam
I want to withdraw 300,000 USD. It said that my account was blocked and ask me to deposit 300,000 USD. It promised to complete the withdrawal in August. I asked about taxes but it said there was no tax. Several days later, it told me to deposit 90,000 USD because of high tax and other reasons. The balance in my account totalled 1,400,000 USD. I received a message that I was suspected to launder money with foreign assets. My account was going to be blocked. My friend encountered the same situation as me. They refused to provide any certified information or take the responsibility. Please do not trust IFS Markets.
Exposure
2021-07-31
FX6764978682
Malaysia
I had to pay high taxes before withdrawing. I gained 50,000 but the taxes totaled 15,000.
Exposure
2021-07-22
FX1902568998
Thailand
I wanna withdraw funds. But the customer service said I hadn't invested.
Exposure
2021-05-06
蔡忻忻
Taiwan
I am so stupid that they cheated me to deposit funds. When I wanna withdraw funds, they said the withdrawal process in Taiwan was so strict! In the end, I paid the margin and my account was frozen. This fraud called himself Yao Zhang!
Exposure
2021-03-30
A洲明蓝普LED-液晶拼接屏-刘哲
Hong Kong
I have been withdrawing funds for four months, and have been saying to switch to a third-party payment platform, and have been rejecting the withdrawal
Exposure
2021-01-30
FX1648913030
Hong Kong
The fraud company has given no withdrawal anymore.
Exposure
2020-05-28
FX6023201320
Hong Kong
On March 26th, there was a 1000-pip slippage with IFS Markets , which hadn’t occurred in other platforms, leading to forced liquidation. Only by trading to a certain lot, can I get the compensation. But during the later trading process, I figured out that the compensation couldn’t be used for trading. Meanwhile, the margin portion was also fake, what I lost is my fund, leading to account liquidated again. Hope you take heed on it and avoid being cheated.(I made a loss of at least 100 thousand RMB)
Exposure
2020-03-30
玻璃隔断$李艳东
Hong Kong
Having traded in the platform, I couldn’t withdraw fund and profit both.
Exposure
2020-02-16
玻璃隔断$李艳东
Hong Kong
After I downloaded the APP and made a profit, the platform gave no access to withdrawal with the excuse of wrong bank information and asked me to deposited and to pay individual tax. Now the withdrawal is unavailable.
Exposure
2020-02-16
FX1473030999
Hong Kong
They induced me to deposited 2000$ last month 16th. I transferred money to a personnel account. After two hours, I saw my 2000$ balance on the website. They told me the platform is legit and regulated by ASIC. I traded as they asked. Later I found their spread for gold is 100$, and their people manipulated my account all the time. I tried to withdraw, but they told me it needs 15 days. When I came back from business trip and applied for a withdrawal again, I found I was blocked and my account was banned. Don’t get yourself fooled!
Exposure
2019-11-11
学无止境焉
Hong Kong
The website of the platform is http://www.fxifs.com/zh-cn/ ,in which neither the withdrawal nor the commission is available.
Exposure
2019-11-07
舒克
Hong Kong
Now I have the man’s information exposed.Lai Haomin,whose Id number is 441283199104221410 and address No. 7 Baiyungang Village, Dabai Village Committee, Xiaoxiang Town, Gaoyao District, Zhaoqing City, Guangdong Province.He pulled me into IFS Markets and made me lose 700000 RMB.At first, he promised that they have professional team.I took a chance and profited a little at first.When it came to the 3rd month,my position was closed compulsory.At that time,did I know that was a fraud platform.I was blocked by them.Now the police has filed a case.Hope victims can contact me! Send fraudsters to the hell!
Exposure
2019-10-21
金融浪子
Hong Kong
My account was liquidated while I was hedging, without using my margin, in September 6th when it opens quotation. I believe the IFS maliciously increased the spread. What’s more, the spread of buy long and buy short are different.
Exposure
2019-09-06
海洋5863
Hong Kong
Fraud platform!FFS cheated customers and changed its name,which behaves like a dog and still want to continue cheating customers.
Exposure
2019-07-25