IBCFX Review

Review

IBCFX is a global broker specializing regulated in New Zealand that offers online Forex and CFDs trading services for private and institutional clients. The IBCFX website is easy to maneuver and caters to both financial professionals and novice Forex traders.

General Information

Maximum leverage: 1:500
Minimum deposit: $100
Maximum deal size: 5,000
Languages available: English, Arabic, French, Italian, Spanish, Portuguese, German
Commission: None

IBCFX understands that every trader has a different trading strategy, so they offer customers a choice of several accounts to meet these differing needs. They will also customize an account according to customer requirements, although we couldn’t quite determine the specifics of this interesting offer during our IBCFX review.

The most unique feature we noticed was the question box which appears on every page of the website. This is extremely convenient as it allows the trader to constantly be in touch with customer service and eliminates the necessity of moving back and forth between screens whenever a question arises.

Accounts

IBCFX offers several different accounts.
The simplest account is their mini account where the investor who wishes to sample IBCFX services before taking the plunge with a larger investment can do so. The mini account is also suitable for inexperienced traders who feel the need for additional familiarity before jumping in full time. With the mini account, the novice trader can trade in real time without a demo account and without the need to risk too much money.

At the other end of the spectrum is the IBCFX VIP account which has been created for clients that are proficient at financial market trading and want to invest large amounts of money. The VIP account starts with a deposit of $5,000 and allows the trader to choose among more than 160 financial instruments such as currency pairs and CFDs with the lowest possible spread.

All account holders at IBCFX can benefit from the high level tutorials provided through their educational package where they will find online courses, webinar and daily market analysis. More importantly, an account manager is there to assist the trader during his training period.

We were pleased to see that like so many other Forex brokers, IBCFX also offers the option to convert any live trading account into an Islamic Forex account, also known as a swap-free account.

Platforms

IBCFX uses the latest technology in online trading including the downloadable MT4 platform and the Sirix webtrader, which is rapidly becoming the most popular webtrader in the Forex world. The brokerage also offers MetaTrader for Android and iPhone and a unique tablet trader that is compatible with Apple and Android tablets.

Calendar

We found IBCFX’s Live Economic Calendar very expedient as it provides descriptions of the most important events happening across the globe, as well as the economic indicators that influence the markets such as previous figures, future forecasts, and current positions, as they occur.

Security

According to their website, the electronic trading infrastructure at IBCFX uses advanced technology and is designed for optimal security against connectivity. Their infrastructure is secured for business continuity with safeguards against data loss and downtime via a core disaster recovery plan as well as internal and external backup solutions. IBCFX is FSP NZ regulated and monitored so you can trade safely and securely.

Final Thoughts

IBCFX is a relatively new Forex broker that has shown itself impervious to newbie mistakes – in addition to procuring regulation from the beginning, the brokerage’s executive team opted for the top technological offerings to ensure its traders receive optimal execution and a comfortable trading experience. A low minimum deposit and multiple account types ensure that there are no barriers to entry and that traders at all levels can trade comfortably and successfully.

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