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IFCM Cyprus Review
IFCM Cyprus, the CySEC licensed arm of IFC Markets that traded as ICmetrica, gave up its Cyprus license in November 2024, and its old sites are now dead.
Min Deposit
$2024
Spreads From
Not applicable, this CySEC licensed entity closed in November 2024
Max Leverage
Not applicable, this CySEC licensed entity closed in November 2024
Platforms
N/A
Pros
- Held a real CySEC license under number 147/11 before giving it up in 2024
- Wider IFC Markets group still runs regulated entities outside Cyprus
- CySEC's own notice points to a voluntary exit, not a fraud finding
- The wider IFC Markets group carries Lloyd's of London indemnity insurance
Cons
- IFCM Cyprus gave up its CySEC license on November 27, 2024
- Both icmetrica.com and ifcmarkets.eu now show a dead page
- No EU level investor protection is available through this entity anymore
- Remaining IFC Markets licenses in BVI, South Africa, and Malaysia offer weaker oversight
IFCM Cyprus Limited was the Cyprus regulated part of the wider IFC Markets group. CySEC first licensed the firm, under number 147/11, when it was still called Infin Markets Limited. Under the ICmetrica trade name, it offered forex and CFD trading through the domains icmetrica.com and ifcmarkets.eu.
On November 27, 2024, CySEC announced that IFCM Cyprus Limited had chosen to give up its Cyprus investment firm license. CySEC's own list of former investment firms now carries the company. Both icmetrica.com and ifcmarkets.eu return a dead page today, so this Cyprus entity no longer takes clients or deposits.
The wider IFC Markets group is still active outside Cyprus. Its main site, ifcmarkets.com, is run by IFCMARKETS CORP under a British Virgin Islands FSC license, alongside a South African FSCA license and a Malaysian LFSA license. None of these match the investor protection level that a CySEC license once gave EU clients of the old Cyprus entity.
Min. Deposit
USD 2024
Max Leverage
Not applicable, this CySEC licensed entity closed in November 2024
Spreads From
Not applicable, this CySEC licensed entity closed in November 2024
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
