Risk Management Index
The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
License Type:Common Financial Service License
Regulated in Country/AreaCyprus
Regulatory License No.：147/11
Email Address of Licensed Institution :email@example.com
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :Λεωφ. Αρχ. Μακαρίου ΙΙΙ 133, Classic House, 1ος όροφος, Γραφείο Αρ. 2, 3085, Λεμεσός
Phone Number of Licensed Institution :35725730877,35725730875,35725335828
The enactment of the Financial Services Commission Act in December 2001 established the British Virgin Islands Financial Services Commission (FSC) as an autonomous regulatory authority responsible for the permission, regulation, supervision of all financial services in and from within the BVI, which includes insurance, banking, fiduciary services, trustee business, company management, investment business, and insolvency services, as well as the registration of companies, limited partnerships and intellectual property. Since 2002, FSC assumed the responsibility for functions previously carried out by the Government through the Financial Services Department. FSC, as financial services regulator, is also responsible for promoting public understanding of the financial system and its products, policing the perimeter of regulated activity, reducing financial crime, and preventing market abuse.
Current Status:Offshore Regulatory
License Type:Retail Forex License
Regulated in Country/AreaThe Virgin Islands
Regulatory License No.：SIBA/L/14/1073
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :--
Phone Number of Licensed Institution :--
Most visited countries/areas
The data are from WIKI Research 2021.04.22 updated
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Basic Information & Regulators of IFC Markets
IFC Markets has been providing financial instruments trading services to clients since 2006 and currently holds a retail foreign exchange license from the Virgin Islands Financial Services Commission (license number: SIBA/L/14/1073).
Safety Analysis of IFC Markets
IFC Markets is currently only regulated by the Virgin Islands (FSC) offshore and does not hold any mainstream regulatory license. Compared to those authoritatively regulated brokers, its security is not that high. Additionally, the deposit and withdrawal methods offered by IFC Markets require some commissions, so investors should be careful to consider this forex broker.
Market Instruments of IFC Markets
IFC Markets provides investors with a wide range of popular tradable financial instruments, including foreign exchange currency pairs, precious metals, index CFDs, stock CFDs, commodities CFDs, commodities futures, ETF CFDs, cryptocurrency CFDs, gold instruments, etc.
Leverage & Account of IFC Markets
To meet different types of investors' investment needs and trading experience, IFC Markets offers various accounts, mainly divided into NetTradeX accounts, MT4 accounts, and MT5 accounts. NetTradeX accounts are divided into Standard Fix & Floating Accounts (minimum deposit 1000 USD/EUR/10,0000JPY), Beginners Fix & Floating Accounts (minimum deposit 1 USD/EUR/100 JPY), and Demo Floating Accounts. MT4 accounts include Standard Fixed Accounts (minimum deposit 1000 USD/EUR/10,0000JPY), Micro Fixed Accounts (minimum deposit 1 USD/EUR/100 JPY), and Demo Fixed Accounts. MT5 accounts are divided into Standard Floating Accounts (minimum deposit of 1000 USD/EUR/10,0000JPY), Micro Floating Accounts (minimum deposit of 1 USD/EUR/100 JPY), and Demo Accounts. IFC Markets has also introduced a 30% bonus for new users who deposit more than $250 for the first time.
Spreads & Commission Fees of IFC Markets
The spreads on the NetTradeX trading platform are 1.8 pips on EURUSD, and 1.8 pips on EURGBP for Standard Fixed Accounts, 0.4 pips on EURUSD and 1.4 pips on EURGBP for standard Floating Accounts, 1.8 pips on EURUSD, and 1.8 pips on EURGBP for Beginners fixed accounts, and 0.4 pips on EURUSD and 1.4 pips on EURGBP for Beginners Floating Accounts. 0.4 pips and 1.4 pips on EURGBP for Standard and Micro Fixed Accounts on the MT4 platform. 0.4 pips and 1.4 pips on EURGBP for Standard and Micro Floating Accounts on the MT5 platform.
Trading Platform Applied of IFC Markets
IFC Markets offers traders NetTradeX, the market-leading MT4, and MT5 trading platforms. Both MT4 and MT5 are the most popular forex trading platforms on the market, and both support iOS, Android, and tablet versions, allowing traders to trade flexibly.
Deposit & Withdrawal of IFC Markets
IFC Markets supports a variety of safe and convenient deposit and withdrawal methods. The main deposit methods are wire transfer (each transfer of 3,000 RMB charged 30 USD / EUR bank fees, the minimum deposit of 100 USD / EUR / 10,000 RMB), Perfect Money (subject to 0.5% - 1.99% commission), VISA / MASTERCARD, Pasargad Novin, TopChange, Mybitwallet, Skrill, WebMoney ( a commission of 0.8%, up to $50), Neteller, Bitcoin, etc. Traders who withdraw funds via Perfect Money need to pay a 0.5% commission. Those who are withdrawing via VISA/MASTERCARD need pay 2% + $7.5/2% + €6/$1500 commission, those withdrawing via Mybitwallet pay RMB 100 per transaction and RMB 824 withdrawal fee to local banks. Withdrawals via WebMoney are subject to a 0.8% (up to $50) commission, withdrawals via Neteller are subject to a 2% commission, and withdrawals via Skrill are subject to a 1% fee.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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