IFP

IFP, operating under the trading name IFP Markets, is a forex and CFD brokerage registered in the United Kingdom. The company was established on April 8, 2020. As of the latest review, IFP does not hold any known regulatory licenses from major financial authorities. This lack of regulation is a significant factor for traders to consider.

IFP offers four account tiers: Mini, Gold, ECN, and Platinum. The Mini account requires a minimum deposit of $250, while the Gold account requires $1,000, the ECN account requires $3,500, and the Platinum account requires $10,000. All accounts provide a maximum leverage of 400:1. The broker does not specify spreads or commissions per account type on its public information.

The broker claims to offer the MetaTrader 4 (MT4) platform for trading. MT4 is a popular platform among retail forex traders, known for its charting tools and automated trading capabilities. No other platforms are mentioned.

IFP advertises leverage up to 400:1 across all account types, which is exceptionally high and poses substantial risk. The broker also claims floating spreads from 0.3 pips, but it is unclear how this applies to each account type or whether commissions are charged.

The broker's official website does not provide a detailed list of tradable instruments. It is described as a forex and CFD broker, indicating that it likely offers currency pairs, indices, commodities, and possibly cryptocurrencies. However, no specific instruments are confirmed.

Information on deposit and withdrawal methods is not publicly available from the known facts. Traders should verify the accepted payment methods before opening an account.

IFP is a relatively new broker with a UK registration but no verifiable regulatory oversight. The offering of high leverage and multiple account types suggests a focus on retail traders, but the lack of regulation and detailed information makes it a high-risk choice. Traders should conduct thorough due diligence before engaging with this broker.