Darwinex Information

Darwinex is a regulated broker, offering trading on forex, CFDs, commodities, ETFs, futures, and stocks, with spread from 0.0 pips on MT4 and MT5 platforms. The minimum deposit requirement is up to $500.

Pros and Cons

Is Darwinex Legit?

Yes. Darwinex is licensed by FCA with license number 586466 to offer services.

What Can I Trade on Darwinex?

Darwinex offers trading on forex, CFDs, commodities, ETFs, futures, and stocks.

Account Type

Darwinex offers three types of accounts, DARWIN IBKR Account, Classic IBKR Account, and Professional Account. However, account features are not disclosed.

Darwinex Fees

Spreads & Commissions

Darwinex offers spreads from 0.0 pips.

Besides, an 5 EUR/GBP/USD commission applies to deposits by bank transfer below 500 EUR/GBP/USD. Additional charges by the bank may apply in case of USD deposits by bank wire below 2,000 USD. In case of deposits from Skrill, Darwine charges a 0.5% commission.

Swap Rates

Swap rates may change without prior notice. Swaps are charged daily at 17:00 NY City time. Wednesday swaps are charged in triple size.

The swaps shown are the indicative amounts of the liquidity provider for the end of the day. In the event that the actual amount of swaps charged to Darwinex at the end of the day varies substantially from the published amount, Darwinex reserves the right to modify the swaps to customers at the time of application to adjust them to the amounts actually charged by the provider.

USD/CAD, USD/TRY swaps are charged daily at 17:00 NY City time. Thursday swaps are charged in triple size.

Trading Platform

Deposit and Withdrawal

Darwinex accepts payments via credit/debit cards, Skrill, CUP P2P, and bank transfer.

Note: IFS Markets's official website: https://www.ifsmarkets.com/ is currently inaccessible normally.

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

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.

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.

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:

Trading Platform

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.