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iFC Markets

From EverybodyWiki Bios & Wiki





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IFC Markets
IFCM logo
Private
ISIN🆔
IndustryOnline trading Financial Services
Founded 📆2006
Founder 👔
Area served 🗺️
Products 📟 Electronic trading platform stocks cryptocurrencies copy trading cryptocurrency exchange cryptocurrency wallet financial products
ServicesInvestment management Brokerage firm Online trading platform
Members
Number of employees
🌐 Websitehttps://www.ifcmarkets.com/
📇 Address
📞 telephone

IFC Markets is an Cyprus-based online retail Forex and Contract for difference (CFD) broker trading in financial derivatives headquartered in Limassol Cyprus. IFC Markets specializes in Forex, Precious Metals, Stock CFDs, Continuous CFDs on Commodities, CFDs on Commodity Futures, Gold Instruments, CFDs on ETFs, CFDs on Crypto Futures, Continuous Index CFDs, Synthetic Instruments Library. It has registered offices in Cyprus, Labuan, Malaysia, and Tortola, British Virgin Islands.[1][2]

History[edit]

On April 6, 2006 IFC Markets registered as a broker and opened a website in 5 languages (English, Russian, Arabic, Spanish, Farsi), the same year the broker presented its own NetTradex trading platform.[3][4]

In 2007 The company began providing services in Japanese and the affiliate program had started. IFC Markets, in addition to trading currencies in the Forex market, started to provide CFD trading in 2008. In the next year concluded the contract with MetaQuotes Software to provide MetaTrader 4 trading terminal to its traders.

In 2010 IFC Markets launched trading terminals, running Android, iOS, as well as MT4 multiterminal. 2011 was prominent in regards IFC Markets’ significant expanded range of trading instruments, including CFDs on stocks traded in the 8 largest world stock exchanges (NYSE, Nasdaq, Xetra, ASX, LSE, TSX, TSE, HKEx).[5]

IFCM Group created a subsidiary with European regulation by CySEC in 2012.

From 2013 to 2016 IFC Markets increasing number of languages to 18 of them to exceeding 600 trading instruments.[6] In 2016 traders got the opportunity to trade through Windows mobile[5], the web terminal MT4, as well as the possibility to trade CFDs on fixed-term commodity futures.[7] IFC Markets received a license from the British Virgin Islands Financial Services Commission (BVI FSC) and a cornerstone innovative Portfolio Quoting Method called GeWorko. IFC Markets customers could create their own trading instruments by 2014.[8]

In the beginning of 2014 IFC Markets launched a synthetic instrument called Personal Composite Instrument (PCI), which allows traders to construct their own mini benchmarks.[9] It is integrated in the NetTradeX platform and allows personal composite instruments to be created within the platform with a few clicks.[10] PCI is much broader and can be used not only to create cross currency pairs, but also to build complex investment portfolios and allow quote one portfolio to be quoted in units of another.[9] This instrument allows clients to trade gold against popular financial instruments, such as oil, silver and even the S&P 500.

At the end of 2014 IFCM launched a new set of Personal Composite Instruments (PCIs) that allow traders to trade Gold against the Chinese Yuan, Australian Dollar and Japanese Yen.[11] PCI, through creation of new synthetic instruments, specifically designed and tuned by individual traders themselves can give birth to new trading strategies. The effects of PCI technology will encompass investment and hedging funds, where traders will be able to create their own portfolios with just a click of a button.[12]

In 2017 new trading instruments were added - CFDs on ETFs, the new MT5 platform was launched. The total number of trading terminals reached 16. From 2018 to 2020 the company added a new trading instrument - Bitcoin cryptocurrency futures.[12] IFCM Group created a subsidiary company IFC Markets Ltd which was licensed by the Labuan Financial Services Authority (LFSA) in the Federal Territory of Labuan (Malaysia).

Technology[edit]

Since the foundation of the company (2006) IFC Markets has used proprietary technologies alongside with others. One of the company's proprietary technologies is the NetTradeX trading platform. Which is available on multiple operating systems including iOS, Android, Windows.[13] [14] These technologies include customer onboarding, risk management tools, affiliates, back-office systems, marketing, and OSO.

Operations[edit]

IFC Markets had several innovation breakthroughs throughout several years with regards to NetTradeX, Portfolio Quoting Method (GeWorko), Continuous CFDs NetTradeX Ltd is the developer of advanced software for trading in financial markets including a multi-functional trading station NetTradeX and is registered in Cyprus under the registration number HE404377.[15][16]

In 2006 IFCMarkets presented NetTradeX; it’s an online CFD and Forex platform, equipped with professional tools for making technical analysis and offering automated trading for those traders that prefer using Experts during trades. In 2014 IFC Markets released the new version of NetTradeX with a few new features.[17]

GeWorko Portfolio Quoting Method was granted USA patent in 2019 - (it is based on the Forex concept, according to which, one financial asset is quoted by another; GeWorko method concept is expanded for portfolios that stand for base and quoted parts. More precisely, one combination of assets is quoted by another combination). Where the key component of the method is a synthetic instrument.[18]

Continuous CFDs on Stock Indices and Commodities (with no expiration day) - calculated with unique algorithms and based on the nearby liquid futures contracts. (The algorithm implements two schemes for calculating new instruments: the first one is for stock indices; the second one is for commodities).[19]

In 2011 IFCM CYPRUS LIMITED complied with the European Commission's MiFID and was licensed by the Cyprus Securities and Exchange Commission (CySEC) under the license number 147/11.[20] IFCM CYPRUS LIMITED was authorized to provide the following investment and ancillary services: Investment Advice.

IFCM CYPRUS LIMITED is a Cyprus Investment Firm (CIF) registered under the number HE 276909.

Trading licenses[edit]

IFCMARKETS. CORP. is licensed by the British Virgin Islands Financial Services Commission (BVI FSC), Certificate No. SIBA/L/14/1073, to carry out investment business of the following categories:[21]

  • Category 1: Dealing in Investments
  • Sub-category B: Dealing as Principal
  • Category 2: Arranging Deals in Investments

IFC Markets Ltd is licensed by the Labuan Financial Services Authority (license number MB / 20/0049).[22]

IFCM is licensed by the CySEC under the license number 147/11.[23]

Marketing and expansion/Awards[edit]

IFC Markets has been recognized by international and global business magazines,  for its outstanding work in the brokerage industry. The company has received a number of nominal awards from the following organizations:

  • By International Business Magazine;[24][25]
  • By Global Economics;[26]
  • By World Economic Magazine;[27]
  • By World Business Outlook;[28]
  • By AtoZ Markets;[29]
  • World Business.

References[edit]

  1. ↑ Jay and Hawk (2021-10-04). "2021 IFC Markets Review". Benzinga. Retrieved 2021-12-21. Unknown parameter |url-status= ignored (help)
  2. ↑ Khmurenko, An (2020-04-23). "What is IFC Markets?". ForexHistory. Retrieved 2021-12-21. Unknown parameter |url-status= ignored (help)
  3. ↑ "IFC Markets Forex Broker, IFC Markets Review, IFC Markets Information". www.earnforex.com. Retrieved 2022-01-21.
  4. ↑ "The detail information of IFC-Markets". www.brokersview.com. Retrieved 2022-01-27.
  5. ↑ 5.0 5.1 "IFC MARKETS ANNOUNCES A NEW FEATURE - AUTOMATIC CALCULATION OF TRADING HOURS". www.globalbankingandfinance.com. 2014-08-23. Retrieved 2022-01-27.
  6. ↑ Finance Magnates (21 September 2014). "Yearly Industry Report 2013-2014" (PDF). Finance Magnates: 63.
  7. ↑ Forex Academy (13 January 2020). "IFC Markets Review | Forex Academy". Retrieved 2021-12-21. Unknown parameter |url-status= ignored (help)
  8. ↑ "Geworko method: Creation and analysis of complex composite instruments". Calameo: 3.
  9. ↑ 9.0 9.1 "IFC Markets Launches Creation, Analysis and Trading of Personal Composite Instruments (PCI)". www.fxempire.com. 4 March 2019. Retrieved 2021-12-21. Unknown parameter |url-status= ignored (help)
  10. ↑ Hatzakis, Steven (2014-02-28). "IFC Markets Adds Hybrid Tool for Traders to Create CFD-Like Indexes | Finance Magnates". Financial and Business News | Finance Magnates. Retrieved 2021-12-21. Unknown parameter |url-status= ignored (help)
  11. ↑ Tchetvertakov, George (2014-10-07). "IFC Markets Launches New Gold Linked Products on NetTradeX | Finance Magnates". Financial and Business News | Finance Magnates. Retrieved 2021-12-21. Unknown parameter |url-status= ignored (help)
  12. ↑ 12.0 12.1 Patterson, Jeff (2017-01-11). "FX Broker Competition Necessitating New Technological Focus | Finance Magnates". Financial and Business News | Finance Magnates. Retrieved 2021-12-21. Unknown parameter |url-status= ignored (help)
  13. ↑ IFC Markets (2014-08-20). "IFC Markets Has Introduced Promotional Tools for Its Partners". GlobeNewswire News Room (in français). Retrieved 2021-12-21. Unknown parameter |url-status= ignored (help)
  14. ↑ Segal, Gerald (29 April 2014). "IFC Markets introduces CNH trading with any currency pair thru PCI technology". LeapRate. Unknown parameter |url-status= ignored (help)
  15. ↑ "GeWorko Portfolio Trading Method Promises a Revolution in Financial Market". PRWeb. Retrieved 2021-12-21. Unknown parameter |url-status= ignored (help)
  16. ↑ "IFC Markets Webinar". www.fxempire.com. Retrieved 2022-02-04.
  17. ↑ Fox, Fox (26 August 2014). "New version of NetTradeX has been released by IFC Markets". LeapRate. Unknown parameter |url-status= ignored (help)
  18. ↑ "GeWorko Method from IFC Markets". All About Forex World. 2019-03-19. Retrieved 2021-12-21. Unknown parameter |url-status= ignored (help)
  19. ↑ Matasyan, Sona (2013). CFD Trading Tutorial. IFC Markets. pp. 5–6. Search this book on
  20. ↑ "IFC Markets Cyprus LTD". CySEC. Unknown parameter |url-status= ignored (help)
  21. ↑ "The British Virgin Islands Financial Services Commission (BVI FSC)". www.bvifsc.vg. Retrieved 2021-12-21. Unknown parameter |url-status= ignored (help)
  22. ↑ "Details - List of Money Brokers | Labuan FSA". www.labuanfsa.gov.my. Retrieved 2021-12-22.
  23. ↑ "IFC Markets Cyprus LTD". CySEC. Unknown parameter |url-status= ignored (help)
  24. ↑ "2021 Award Winners | International Business Magazine". INTLBM. Retrieved 2021-12-21.
  25. ↑ "Best Forex Brokers in South Korea | BrokersView". www.brokersview.com. Retrieved 2022-02-04.
  26. ↑ "Finance Awards, The Global Economics, Winners, 2020, 2019". 2020-03-29. Retrieved 2021-12-21. Unknown parameter |url-status= ignored (help)
  27. ↑ "World Economic Magazine Award Winners 2021 - World Economic Magazine". worldecomag.com. 2021-04-19. Retrieved 2021-12-21.
  28. ↑ "Award Winners 2021 » World Business Outlook". World Business Outlook. Retrieved 2021-12-21.
  29. ↑ "Awards". AtoZ Markets - Forex News & Trading Tools. Retrieved 2021-12-21. Unknown parameter |url-status= ignored (help)


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