IFC Markets vs Weltrade

IFC Markets vs Weltrade Comparison Table 2024
IFC Markets Weltrade
2.9
Not Yet Rated

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.

Weltrade is an established online broker providing tight spreads & powerful tools.

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."
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
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
Awards
  • Best Broker South East Asia 2020 - International Business Magazine 
  • Best Foreign Broker 2019 - Asia Forex Expo
  • Best Customer Service 2017 - Forex Choice
  • Best Trade Executions 2015 - China FX Expo
  • Best Customer Service Russia 2014 - Global Financial Market Review
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds Forex, CFDs, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$1, ¥100 $25
Trading Platforms
  • MT4
  • MT5
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
BVI FSC, SC, Labuan Financial Services Authority
Margin Trading
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes Yes
Auto Trading
Yes (APIs) Yes
Copy Trading
Yes No
Copy Trading Platform
Follow and profit from top traders using IFC Market's copy solution.
Social Trading
Yes Yes
Trade Signals
Yes (Via Chartist Software) Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Stock Exchanges
Commodities
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. Diversify your trading portfolio with CFDs.
Leverage
1:400 1:1000
FTSE Spread
300 N/A
GBPUSD Spread
3 2.1
Oil Spread
12 7
Stocks Spread
Variable N/A
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. Weltrade provides leveraged trading in the highly-liquid FX market.
GBPUSD Spread
3 2.1
EURUSD Spread
1.8 1.5
EURGBP Spread
1.8 2.4
Assets
50 37
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. Trade crypto-only pairs and crypto coins against fiat currencies.
Spread
50 pips Floating from zero
Coins
  • BTC
  • BCH
  • BTC
  • DSH
  • EOS
  • ETH
  • LTC
  • NEO
  • XMR
  • XRP
  • ZEC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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