Written by ForexBrokers.com
In this head to head comparison of IFC Markets vs FXGT.com, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IFC Markets, established in 2006, and FXGT.com, founded in 2019, are both online brokers that operate without being publicly traded or functioning as banks. When it comes to regulatory credentials, IFC Markets holds one Tier-2 license and scores a 73 on the ForexBrokers.com Trust Score, placing it in the average risk category. Although IFC Markets lacks a Tier-1 license, it is still considered an option for trading due to its Trust Score.
In contrast, FXGT.com holds one Tier-1 license and one Tier-2 license, signifying a higher level of regulatory trust. However, FXGT.com has a ForexBrokers.com Trust Score of 69, categorizing it as high risk. Despite offering stronger regulatory credentials with its Tier-1 license, the Trust Score suggests caution is necessary for traders considering this platform. Both brokers present unique risk profiles for individuals looking to enter the trading environment.
| Feature |
IFC Markets
|
FXGT.com
|
|---|---|---|
| Year Founded | 2006 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing IFC Markets and FXGT.com in terms of commissions and fees, both brokers provide distinct offerings for traders. IFC Markets is known for providing a competitive fee structure, earning a commendable rating of 4 out of 5 stars in this category. Despite the absence of specific average spread data, many traders appreciate IFC Markets for its cost-effective trading options, contributing to its ranking of #39 out of 62 brokers in the Commissions and Fees category on ForexBrokers.com.
FXGT.com, on the other hand, caters to a different segment of traders with its unique financial conditions. Although specific average spread data is not disclosed, FXGT.com still manages to secure a decent 3.5-star rating for its competitive pricing strategies. This broker is ranked at #55 out of 62 brokers by ForexBrokers.com, indicating that while its fees are slightly less appealing compared to IFC Markets, it still offers viable trading opportunities for certain traders.
Overall, for traders who prioritize lower commissions and fees, IFC Markets may present a more attractive option given its higher ranking and star rating. However, FXGT.com remains a worthy contender, especially for those who might find value in its specific platform features and services outside of just fees alone. As always, individual trading preferences and strategies should guide the ultimate broker choice.
| Feature |
IFC Markets
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $1 | $5 |
| Average Spread EUR/USD - Standard | 1.44 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by IFC Markets and FXGT.com, both platforms provide opportunities to trade forex as CFDs or spot contracts, yet differ significantly in other areas. IFC Markets stands out with an extensive selection of 630 tradeable symbols, compared to FXGT.com's 117. Interestingly, while FXGT.com offers a slightly higher number of tradeable forex pairs at 53, IFC Markets provides 49 pairs. Both brokers allow clients to engage in crypto trading through derivatives, although neither offers the option to buy actual cryptocurrencies. Importantly, only IFC Markets facilitates trading exchange-traded securities on some international exchanges, enabling clients to purchase stocks like Vodafone, which FXGT.com does not offer.
In terms of features, both IFC Markets and FXGT.com support copy trading, adding a layer of versatility for their users. However, when considering expert ratings, IFC Markets receives a 3.5-star rating for its range of investments, ranking 43rd out of 62 brokers according to ForexBrokers.com. FXGT.com, on the other hand, is rated slightly lower at 3 stars, placing 60th in the same category. These differences highlight IFC Markets as having a more diverse investment offering relative to FXGT.com, making it a potentially more attractive option for traders seeking a broader selection of investments.
| Feature |
IFC Markets
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 630 | 117 |
| Forex Pairs (Total) | 49 | 53 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
IFC Markets and FXGT.com both offer a range of trading platforms and tools designed to meet the needs of online traders. Both platforms provide simulated paper trading through free virtual demo accounts, allowing users to practice their strategies without any financial risk. While IFC Markets offers a proprietary trading platform built in-house, FXGT.com does not. Both brokers support Windows-based desktop trading platforms and web-based platforms for convenient browser access. They each offer popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) software, along with copy trading capabilities, although neither supports DupliTrade or ZuluTrade.
When comparing charting tools, FXGT.com has a slight edge with 23 drawing tools compared to IFC Markets' 15. However, both brokers enable trading directly from a stock chart, making it easier for users to execute trades. In terms of watch list features, IFC Markets offers more customization with seven columns, while FXGT.com provides five. Both brokers are rated four stars for their trading platforms and tools by users. According to a ForexBrokers.com ranking, IFC Markets stands at the 36th position out of 62 brokers, whereas FXGT.com ranks 56th, indicating a slight preference towards IFC Markets in this category.
| Feature |
IFC Markets
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of IFC Markets and FXGT.com, both platforms cater to iPhone and Android users, ensuring accessibility for a wide range of traders. Users of both apps benefit from real-time updates with stock or forex price alerts and the convenience of watchlist symbol syncing. This feature allows traders to have seamless updates between their mobile app and online account. For chart enthusiasts, both apps don't disappoint, offering 30 technical studies and the ability to draw trendlines. Moreover, they support viewing various time frames like daily, weekly, or intraday, further enhancing analysis flexibility.
Despite the similarities, there are notable differences in their rankings and ratings. While IFC Markets has a higher rating of 4 stars compared to FXGT.com's 3.5 stars in mobile trading app evaluations, FXGT.com trails behind in ranking, positioned at #58 out of 62 brokers on ForexBrokers.com compared to IFC Markets’ #52. Both platforms, however, allow users to create watchlists with real-time quotes, and they auto-save chart drawings, ensuring user modifications are preserved. Each app offers robust tools for both beginner and experienced traders, with slight distinctions in user satisfaction and industry ranking.
| Feature |
IFC Markets
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
IFC Markets and FXGT.com each offer unique features when it comes to market research, giving traders different tools to rely on. IFC Markets stands out with its daily market commentary, offering insights on the market trends each day—a service FXGT.com does not provide. Both brokers lack access to forex news from top-tier sources like Bloomberg and Reuters, and neither utilizes technical analysis or research tools from companies like Autochartist or Trading Central. However, both offer a sentiment-based trading tool, vital for traders looking to gauge market sentiment through long and short position ratios. Additionally, each provides an economic calendar to track global news events impacting various economies.
Despite these offerings, IFC Markets edges slightly ahead in overall research quality with a rating of 3.5 stars, compared to the 3-star rating of FXGT.com. This is reflected in their rankings by ForexBrokers.com, where IFC Markets ranks 40th out of 62 brokers, while FXGT.com is positioned at 56th. This comparison highlights IFC Markets' slight advantage in providing effective market research tools and commentary, although both brokers still have room for improvement in accessing broader research infrastructures.
| Feature |
IFC Markets
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at IFC Markets and FXGT.com, IFC Markets clearly takes the lead. IFC Markets offers over 10 educational pieces such as articles and videos focusing on forex and CFDs, which cater well to new traders. In addition to this, their educational library includes at least 10 beginner-focused trading videos. These resources contribute to a decent educational rating of 3.5 out of 5 stars by ForexBrokers.com, placing IFC Markets at rank #30 out of 62 brokers in the Education category.
On the other hand, FXGT.com falls short in educational offerings for beginners. They do not provide the minimum required 10 educational pieces or videos specifically targeting newcomers to forex and CFDs trading. While both platforms offer an investor dictionary with definitions of over 50 investing terms, and neither provides monthly webinars or archived recordings, FXGT.com’s overall education score is slightly lower at 3 stars. As a result, FXGT.com is ranked #59 in the same category by ForexBrokers.com.
| Feature |
IFC Markets
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that IFC Markets is better than FXGT.com. IFC Markets finished with an overall rank of #45, while FXGT.com finished with an overall rank of #58.
IFC Markets is a well-established broker that has been in operation for 17 years. Forex traders at IFC Markets gain access to multiple trading platforms, a growing range of tradeable markets, and a balanced offering of research and educational content. However, IFC Markets’ Trust Score suffers due to the broker’s limited range of regulatory licenses.
| Feature |
IFC Markets
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 69 |
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Both IFC Markets and FXGT.com do not offer the ability to buy actual (delivered) cryptocurrencies, but they both provide options to buy cryptocurrency derivatives.
IFC Markets and FXGT.com both provide options for deposits and withdrawals through Visa, Mastercard, and bank wires, but while FXGT.com additionally supports ACH or SEPA transfers, neither broker offers PayPal or Skrill as payment methods.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | IFC Markets | FXGT.com | |
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| Trust Score | 73 | 69 | |
| Winner | check_circle | ||
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| Broker Screenshots | IFC Markets | FXGT.com | |
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| Regulation | IFC Markets | FXGT.com | |
|---|---|---|---|
| Trust Score | 73 | 69 | |
| Year Founded | 2006 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 0 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | IFC Markets | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | IFC Markets | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IFC Markets | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 630 | 117 | |
| Forex Pairs (Total) | 49 | 53 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | IFC Markets | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.44 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IFC Markets | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $1 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | IFC Markets | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IFC Markets | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IFC Markets | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | IFC Markets | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IFC Markets | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | IFC Markets | FXGT.com | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review |
| Overall | IFC Markets | FXGT.com | |
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| Trust Score | 73 | 69 | |
| Winner | check_circle | ||
| Review |
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