Do not invest more money than you can afford to lose.
IFC Markets, an offshore forex and CFDs broker, announced it is raising the interest rate it pays on its clients’ free margin to up to 7% per annum. The company offers monthly interest accrual on the free funds the client has deposited, but is not using for trading. There is no minimum or maximum requirement for the deposit and the sum of the calculated interest and the received funds can be used without any limitation.
The interest is calculated on the free margin, calculated as equity – the current balance, taking into account the ongoing profit/loss of the open positions, minus the used margin. The size of the interest is defined based on the table of interest rates depending on the trading volume (in lots). Details on the interest rate and lot requirements can be found in the tables below:
The interest is calculated daily, at 00:00 CET and the accumulated sum is credited to the trading account at the end of the calendar month. Interest is not credited to the Islamic accounts.
Paying interests on free margin is a standard practice for many forex brokers. FXCM Markets, for example, pays 5% fixed interest per annum on non invested funds up to $50 000 and has no minimum deposit requirement. Alpari offers annual interest of 2-8%, depending on the deposit amount and number of lots traded. It also has requirements for minimum trading volume and deposit. Fresh Forex also has a requirement of at least 1 standard lot and offers interest rates from 1 to 36%, depending on number of lots traded.
IFC Markets is the broker brand of the IFC Markets Corp. regulated by the British Virgin Islands Financial Services Commission (BVI FSC). The broker offers trading in 500 instruments – forex, CFDs on stocks, commodities and indices, as well as gold and precious metals.
Another company in the group, Infin Markets, holds a license from the Cyprus Securities and Exchange Commission (CySEC), allowing it to do business with EU clients.
