Comparison of IFC Markets Account Types - NetTradeX, MT4 and MT5
General Condition of IFC Markets
Are you new to IFC Markets?
In this article, we explain the general condition of IFC Markets’ service.
- Stock Account Opening – Trading Account Type
- IFC Markets offers several fixed and floating spread account types considering the needs of each client. IFC Markets offers trading accounts on three platforms: NetTradeX , MetaTrader 4 and MetaTrader 5 accounts. Forex and CFD trading accounts support three clearing currencies : USD, EUR and JPY. Another currency at NetTradex is uBTC (1uBTC = 0.000001 Bitcoin)****.
- Trading volume
- The table contains the range of trading volumes allowed by financial instruments and account types. For each instrument you can find the minimum and maximum volume. For the NetTradeX platform, the trading volume is the amount per unit of base currency or per unit of asset for non-monetary instruments. For the MT4 platform, the trading volume is calculated according to the lot.
- Margin requirement
- The table contains the maximum leverage allowed for each account type, as well as additional margin requirements according to different account balances. For stock CFDs, special margin conditions are given.
- Forex and CFD Trading Hours – Market Hours
- Forex trading hours and trading CFDs mostly coincide with the trading hours of major exchanges – London, New York, Hong Kong, Tokyo and others. And exchanges are spread across different regions and time zones, so it is difficult to keep track of different instruments Trading hours. The situation for currency pairs is relatively simple, since Forex trading is only closed on weekends. The chart shows Forex trading hours and different types of CFD trading hours. Note that the terminal server is Central European Time (CET). Calculation of trading hours time zone , select your date and time in the region.
- Order Type
- Market Order – An order from a client to place a buy/sell transaction at the current market price. It is executed immediately at the price displayed on the trading platform, or at the quoted price by telephone.
- VIP trading privileges
- Personal Account Manager Your personal account manager will take care of all your problems.
Changes in trading hours during the holiday period, as well as adding new trading tools or changing trading conditions, you can check through “Company News”.
On the “Free Margin Interest” page you can check the additional income conditions of funds.
Go to IFC Markets’ Official Website
Comparison of IFC Markets’ Trading Account Types
IFC Markets offers several fixed and floating spread account types considering the needs of each client. IFC Markets offers trading accounts on three platforms: NetTradeX, MetaTrader 4 and MetaTrader 5 accounts. Forex and CFD trading accounts support three clearing currencies : USD, EUR and JPY. Another currency at NetTradex is uBTC (1uBTC = 0.000001 Bitcoin)****.
In addition to providing real accounts, IFC Markets also provides demo accounts, trading with virtual funds, to learn the functions of the platform and test trading strategies with zero risk.
Go to IFC Markets’ Official Website
Fixed and Variable Spreads – Trading Account Types
NetTradeX | Standard-Fixed & Floating | Beginner-Fixed & Floating | Demo-Fixed & Floating |
---|---|---|---|
Balance currency | USD EUR JPY uBTC | USD EUR JPY uBTC | USD EUR JPY uBTC |
Initial deposit * | 1000 USD, 1000 EUR, 100000 JPY | 1 USD, 1 EUR, 100 JPY | – |
Maximum equity ** | – | 5000 USD | – |
Leverage *** | 1:1 – 1:200 | 1:1 – 1:400 | 1:1 – 1:400 |
Min. fixed spread | From 1.8 pips | From 1.8 pips | From 1.8 pips |
Min. floating spread | From 0.4 pips | From 0.4 pips | From 0.4 pips |
Short margin level (Stop out) | 10% | 10% | 10% |
Minimum volume of the deal (forex) | 10000 units | 100 units | 100 units |
Market newsline | Available | Available | – |
Accounting system of positions ****** | Hedged/Netting | Hedged/Netting | Hedged/Netting |
Open IFC Markets NetTradeX Account
MT4 | Standard-Fixed | Micro-Fixed | Demo-Fixed |
---|---|---|---|
Balance currency | USD EUR JPY | USD EUR JPY | USD EUR JPY |
Initial deposit * | 1000 USD | 1000 EUR | 100000 JPY | 1 USD | 1 EUR | 100 JPY | – |
Maximum equity ** | – | 5000 USD | 5000 EUR | 500 000 JPY | – |
Leverage *** | 1:1 – 1:200 | 1:1 – 1:400 | 1:1 – 1:400 |
Min. fixed spread | From 1.8 pips | From 1.8 pips | From 1.8 pips |
Short margin level (Stop out) | 10% | 10% | 10% |
Minimum volume of the deal (forex)**** | 0.1 lot | 0.01 lot | 0.01 lot |
Market newsline | Available | Available | Unavailable |
Accounting system of positions ****** | Hedged | Hedged | Hedged |
MT5 | Standard-Floating | Micro-Floating | Demo-Floating |
---|---|---|---|
Balance currency | USD EUR JPY | USD EUR JPY | USD EUR JPY |
Initial deposit * | 1000 USD | 1000 EUR | 100000 JPY | 1 USD | 1 EUR | 100 JPY | – |
Maximum equity ** | – | 5000 USD | 5000 EUR | 500 000 JPY | – |
Leverage *** | 1:1 – 1:200 | 1:1 – 1:400 | 1:1 – 1:400 |
Min. floating spread | From 0.4 pips | From 0.4 pips | From 0.4 pips |
Short margin level (Stop out) | 10% | 10% | 10% |
Minimum volume of the deal (forex)**** | 0.1 lot | 0.01 lot | 0.01 lot |
Market newsline | Available | Available | Unavailable |
Accounting system of positions ****** | Hedged and Netting | Hedged and Netting | Hedged and Netting |
*Initial transaction, the account amount cannot be greater than or equal to 3 000 USD / 3 000 EUR / JPY 300 000. If the maximum amount is exceeded, either convert the account to a standard account or withdraw excess funds.
**When the equity of the primary account (beginner and Micro) reaches or exceeds USD 5 000 / EUR 5 000 / JPY 500 000, new positions cannot be opened. Non-USD accounts on the NetTradeX platform are converted into USD and cannot exceed USD 5000.
***The default leverage IFC Markets provides is 1:100. Qualified traders can use higher leverage
**** 1 lot = 100,000 units of base currency
***** The current margin recalculation is carried out by the indicator tool uBTC (in the tool library of the NetTradeX platform, Indices (indices) section, Crypto (encryption) subsection), which represents the current uBTC quote against the US dollar.
Deposit to uBTC account, only supports bitcoin, and withdrawal can only be in bitcoin, including profit.
****** Account has hedging and single lock mode.
In hedging mode, multiple positions in opposite directions can be opened at the same time. If it is in lock order mode, each trading instrument can only open 1 position, any position The opening or modification can only be done on this position. On the trading platform NetTradeX, you can choose whether to lock the order (the default hedging mode). In MT5, when you create a new account, you need to confirm whether it is hedging or locking mode.