IV Brokers Review
IV Brokers offers its clients a choice of 5 basic account types in order to suit the needs of traders of all levels of experience and preferences. The tightest spreads (averaged 0.2 pips on EUR/USD) are delivered on the Day Trader & Pro Trader accounts, while the others offer spreads averaged 1.6 pips on EUR/USD.
Micro lots are available for trade on all account types, but the Swap-free (Islamic) one.
The Company. Security of Funds
Founded in 2014, IV Brokers is an ECN/STP offshore broker offering trade in around 40 currency pairs, various commodity, indices and shares CFDs, as well as precious metals on the robust MetaTrader 4.
The company behind the brand is Quantix Financial Services Limited a Financial Services Company, authorised and regulated by the International Financial Services Commission (“IFSC”) of Belize.
Belize is a famous offshore destination for financial service providers, where the regulation and licensing requirements are looser compared to other jurisdictions. Lately, however, regulation in Belize tightened (as of the end of 2015 and the beginning of 2016). IFSC increased the initial minimum capital requirement for financial and commodity-based derivatives brokers from $100,000 to $500,000. Furthermore, IFSC has increased the annual license fee from $5,000 to $25,000.
So, regulation in Belize is better than the one in the St. Vincent and the Grenadines for example, where brokers follow simple registration procedure and don’t have to comply with any requirements as regards minimum capital or segregation of client’s’ funds.
if you intend to invest a large amount of money, we would advise you to select a forex broker licensed in UK, Cyprus, US for instance, where regulation is strict and there are compensation schemes, which will protect your money if your broker becomes insolvent.
Minimum Initial Deposit
There is no minimum deposit on any account with this broker. Yet, in order to place an order, one has to deposit at least $100, which is average. In comparison, ForexBrokerInc, registered on the Marshall Islands, requires $100 from its clients as a minimum for all account types, including ECN ones.
Average Spreads & Commissions
This broker offers floating spreads, which vary by account type: the ones on the Classic, Standard & swap-free one are averaged 1.6 pips for the EUR/USD pair, which is on the upper end of average. Besides, Standard & swap-free accounts involve a commission of $10 per standard lot (round turn), so we would not recommend them.
The Day Trader & ECN accounts offer significantly tighter spreads, averaged 0.2 pips on EUR/USD, with commission involved of $10 and $7 round turn, respectively. So average trading cost on thsese account types amount to around 1.2 and 0.9 pips per lot for this pair, respectively. However, in order to opt for a Day Trader account type, one has to deposit at least $1000, and the minimum initial deposit for the ECN account is $10 000.
In comparison, Belize-based FX Choice, offers average variable spreads of 0.5 pips on EUR/USD + $7 per lot (round turn) on its ECN accounts. For further information, you may check out and compare real-time spreads of 15 leading brokers here.
The maximum leverage rates at IV Brokers amount to 1:500, which is a high ratio. Yet, most forex brokers offer similar levels. In comparison, ForexBrokerInc also provides leverage up to 1:500. More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.
Traders, however, should be aware of the risks associated with trading on margin – higher leverage levels may lead to losses, exceeding initial investments.
IV Brokers offers its services on the popular MetaTrader 4 platform (MT4). The MT4 is available as PC, and mobile versions.
This fully-featured software provides traders with everything they need: fast order execution, a variety of technical indicators, advanced charting package and the ability to develop and to use Expert Advisors (EA). There are many different time frames to choose from and you can place a trade with a single click or within a chart.
What is more, IV Brokers provides forex VPS. A Forex VPS gives you a better trading experience by reducing latency that is caused by internet restrictions. VPS are mostly used to ensure the fastest execution speeds for all Expert Advisors. To qualify for a free Forex VPS from IV Brokers, clients must trade a minimum of 50 round turns each month and a $5,000.
Besides, this brokerage offers a stable and reliable trading environment by the Equinix LD4 server. Once received, your order is instantly filled at the provider offering the best price for you through the Equinix Financial Exchange within milliseconds, using the most transparent execution flow. The Equinix Financial Exchange is a respected network that connects clients to the trade server through data centres around the world.
IV brokers looks like a generous brokerage. It offers the following promotions:
– Rescue bonus from 20% to 30%, depending on the amount deposited
It is available for 60 days on Classic & Islamic accounts, the maximum bonus amount per deposit being $1,000 (Total multiple claims maximum is $5,000). Clients may withdraw profit and bonus when trading requirements are completed (a client must trade 0.2 lots for every $1 in bonus).
– Welcome bonus from 25% to 40%, depending on the initial amount deposited
It is available for 60 days on Standard accounts, the maximum bonus amount per deposit being $1,000 (Total multiple claims maximum is $5,000). Clients may withdraw profit and bonus when trading requirements are completed (a client must trade 0.2 lots for every $1 in bonus).
– Insurance from %5 to 10%, depending on the amount deposited
It is available on Day Trader accounts on a monthly basis.
Methods of Payment
Clients of IV Brokers are offered a variety of payment modes to choose from: credit/debit cards, bank wire transfers, and the following e-wallets: Skrill, Neteller, WebMoney, FasaPay, QIWI, CashU, AliPay, iDEAL, Moneta.ru, Yandex Money, PaySafeCard.
IV Brokers is an offshore broker, offering competitive conditions for trading in various currency pairs and CFDs on the MT4 platform.
IV Brokers Review Conclusion
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