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IFS Markets -

Score

1.55 /10
Danger

IFS Markets

Australia

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.ifsmarkets.com/

Benchmark

C

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Comparison

Quantity 21

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.33

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

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2022-02-02
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Broker Information

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Company Name

IFS Markets

Company Abbreviation

IFS Markets

Platform registered country and region

Australia

Company website

Facebook

YouTube

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2025-04-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 20 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

IFS Markets · Benchmark
Average transaction speed(ms)
334.6 Great
The highest transaction speed(ms)
234
The highest speed of opening positions(ms)
234
The highest speed of closing position(ms)
234
The lowest speed of opening positions(ms)
1875
The lowest speed of closing position(ms)
1985 Poor
Ranking： 95 / 125
Test user 159
Transactions 1,096
Ocuppied margin $1,813,551 USD
Data Source WikiFX Data provide
Updated: 2025-04-29 01:04:00

Exposure

21 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

IFS app cannot be opened

I cannot open IFS app since this afternoon. Has anybody encountered the same situation?

FX3220679415
2022-01-03 19:41
Unable to Withdraw

There is only a few balance left, but the customer service forced customer to deposit 10000 TWD. Now, the website cannot be logged in. The customer service it will be availiable on Monday in Taiwan

I do not know if I should believe what customer service said. I just hope that Taiwan platform can be restored and logged in regularly.

FX2989323674
2022-01-12 03:36
Unable to Withdraw

It is so hard that I want to see the Taiwan platform maintance well?

The attitude of Taiwan customer service is really poor. I already answered the message, but the customer service does not response to me for many days.

FX2989323674
2022-01-15 16:25
Unable to Withdraw

The withdrawal did not arrive in the account for a week, there was no reply to the email and said that there was abnormal transaction.

IFS Markets has been withdrawing money for a week. They send me an email saying that there is an abnormal transactions and have not answered anymore. MT4 can't be traded. No money has been given.

DAXIANSHENG
2021-12-13 15:18
IFS Markets · Company summary

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

IFS Markets Review Summary
Founded2023
Registered Country/RegionAustralia
RegulationSuspected Fake Clone
Market InstrumentsForex, Indices, Commodities
Demo AccountNot Mentioned
LeverageUp to 1:400
SpreadStarting from 0.0 pips
Trading PlatformMeta Trader 4
Min Deposit$100

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

ProsCons
  • No commissions for the standard account
  • Suspected Fake Clone
  • High leverage up to 1:400
  • High minimum deposit of $100
  • Support MT4

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.

Regulatory StatusSuspected Fake Clone
Regulated byAustralia
Licensed InstitutionFTX AUSTRALIA PTY LTD
Licensed TypeMarket Making(MM)
Licensed Number323193
Is IFS Markets Legit?
Is IFS Markets Legit?

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.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Indices✔
Cryptocurrency❌
Shares❌
Metals❌

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:

ITEMLONGSHORT
EURUSD$5.28$0.20
GBPUSD$5.27$3.86
AUDUSD$3.65$2.79
USDJPY$2.12$4.50

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
Meta Trader 4✔PC and MobileInvestors of all experience levels

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.

Deposit/Withdrawal OptionsFeesProcessing Time
Credit/Debit Cards (AUD, USD, JPY, EUR, NZD, BGP, CAD, SGD)2% deposit feeInstant
Online Banking (RMB, THB, IDR, MYR, VND)Free1-2 business days
Wire Transfers (AUD, USD, SGD, BGP, EUR)Free2-5 business days
E-wallets (Skrill, NETELLER, Fasapay)Varying feesVarying processing times
Bitcoin1.5% feeInstant

User Reviews

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User comment

4

Comments

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百丽008号会员
more than one year
the so-called ASIC license of IFS markets is totally a fake one, and the company itself is also a scammer! please make sure that your money is in safe hand...
the so-called ASIC license of IFS markets is totally a fake one, and the company itself is also a scammer! please make sure that your money is in safe hand...
Translate to English
2023-02-16 09:59
Reply
0
0
A...
more than one year
IFS Markets appears to have changed the website address. While entering into the old URL, it leads directly to a brand new page. Their name and logo have also been changed, which is completely different from before. I wonder if this broker cloned someone else's website, or just wanted to change their name and begin again.
IFS Markets appears to have changed the website address. While entering into the old URL, it leads directly to a brand new page. Their name and logo have also been changed, which is completely different from before. I wonder if this broker cloned someone else's website, or just wanted to change their name and begin again.
Translate to English
2022-11-28 17:05
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0
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21