IFC Markets vs Global Prime

IFC Markets vs Global Prime Comparison Table 2024
IFC Markets	Global Prime
Review 2.9	Review 3.8

IFC Markets is an STP broker that was founded in 2006 and has since gained 200,000 clients and several awards. This broker has some of the most interesting and wide-ranging additional tools, elevating its clients' trading experience via portfolio quoting, personal composite instruments and extensive analytics.	Global Prime is a multi-regulated trading broker offering 150+ markets. Traders can get started with a $200 minimum deposit and trade with leverage up to 1:100. The firm also has a high trust score and a good reputation with a license from the ASIC.
Bonus Offer
30% welcome bonus + 30% activity bonus
Comment by Reviewer
"I recommend this firm to users looking for new speculative opportunities and strategies not available at most brokers, including a blockchain-based proprietary platform and a bespoke synthetic instrument development tool. That said, it's a shame that the firm is not regulated by a more reputable authority."	"Global Prime is suitable for both beginners and seasoned traders with excellent market access, low fees and a range of tools including copy trading."
Pros
Users can choose from the powerful MT4, MT5 or the firm's proprietary NetTradeX platform for all assets I appreciate that the broker offers beginner-friendly Micro accounts with a minimum deposit of just $1 The brokerage supports a unique system that allows clients to develop their own synthetic instruments IFC Markets clients can trade more than 600 instruments with fixed or floating spreads from 0.4 pips Clients have a wide range of payment methods and base currencies to choose from	Full range of investments with 150+ assets including crypto Low latency with execution speeds from 10ms Wide range of deposit options with zero fees Segregated client funds 24/7 customer support $0 minimum deposit Trade receipts ECN account VPS
Cons
IFC Markets is regulated by the British Virgin Islands Financial Services Commission, a weak financial regulator I'm disappointed that several payment methods incur steep deposit and withdrawal fees of up to 20% GBP base currency isn't supported, so UK clients will have to pay hefty currency conversion fees	Clients from US and Canada are not accepted Narrow range of account options No MetaTrader 5 integration
Awards
Best Broker South East Asia 2020 - International Business Magazine
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds	Forex, indices, commodities, cryptocurrencies, shares, bonds
Demo Account
Yes	Yes
Minimum Deposit
$1, ¥100	A$200
Trading Platforms
MT4 MT5	MT4 TradingView AutoChartist
Payment Methods
Bitcoin Payments Bitwallet Credit Card JCB Card Mastercard Neteller Perfect Money Skrill Visa WebMoney Wire Transfer	BPAY Credit Card Dragonpay FasaPay JetonCash Mastercard Neteller PayPal POLi Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
BVI FSC, SC, Labuan Financial Services Authority	ASIC, VFSC, FSA
Margin Trading
No	Yes
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
Yes	iOS & Android
Auto Trading
Yes (APIs)	Yes
Copy Trading
Yes	Yes
Copy Trading Platform
Follow and profit from top traders using IFC Market's copy solution.	Interact with and copy the trades of experienced investors with Global Prime's exclusive copy trading service. Over 40 different setups can be copied on the popular Myfxbook Autotrade platform.
Social Trading
Yes	Yes
Trade Signals
Yes (Via Chartist Software)
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Account Currencies
	USD EUR GBP CAD AUD SGD
Stock Exchanges
Dow Jones Nasdaq Shanghai Stock Exchange	Australian Securities Exchange (ASX) DAX GER 40 Index Dow Jones FTSE UK Index Nasdaq S&P 500
Commodities
Cocoa Coffee Copper Corn Cotton Gold Orange Juice Palladium Silver Soybeans Wheat	Copper Gold Oil
CFD Trading
IFC Markets clients can access CFDs across commodities, cryptos, indices and ETFs. I’m pleased to see that assets are all available on MT4, MT5 and NetTradeX with decent leverage rates of up to 1:400.	Global Prime offers CFD trading opportunities on 150+ global markets including forex, indices, commodities, cryptocurrencies and bonds. Spreads are tight with a raw ECN account available starting from zero.
Leverage
1:400	1:200
FTSE Spread
300	0.84
GBPUSD Spread
3	0.64
Oil Spread
12	1.6
Stocks Spread
Variable	Variable
Forex Trading
I like that there’s a decent range of 50+ major, minor and exotic forex pairs available at IFC Markets, with just a $1 minimum deposit. That said, spreads are fixed from 1.8 pips, which isn’t the lowest I’ve seen.	Global Prime traders can access 48 forex pairs including majors, minors and exotics with tight spreads from 0.9 with no commission or from 0 with a $7 round turn. Forex is traded via the leading MT4 platform, micro lots are available and latency is low via a New York-based server.
GBPUSD Spread
3	0.75
EURUSD Spread
1.8	0.16
EURGBP Spread
1.8	0.85
Assets
50	48
Currency Indices
USD EUR GBP JPY CAD
Cryptocurrency
IFC Markets also boasts a good selection of 15 cryptocurrency CFD pairs and I’m particularly impressed to see Bitcoin futures on offer. The free demo account is an excellent place to start if you want to practice your crypto trading strategies.	Global Prime crypto CFDs cover a good range of 35 tokens with impressive commissions of 0.1% and leverage available in some jurisdictions. The tokens include Bitcoin, Ethereum and other popular choices as well as smaller tokens like Sandbox and Avalanche.
Spread
50 pips	Floating
Coins
BTC	BTC BCH LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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