IFCMARKETS CORP: Scam Warning, Reviews and Recovery Guide

Issued by: Ontario Securities Commission (OSC) · Date: 2024-06-18 · Region: Ontario

Reviewed by: William Galipeau · Last updated: 2026-08-24

Also known as: ifcmarkets.com, IFCMARKETS. CORP., IFC Markets, IFC Markets Corp

Overview: Is IFCMARKETS CORP Legit?

IFCMARKETS CORP (ifcmarkets.com) is an unregistered forex and CFD broker warned by the Ontario Securities Commission (OSC). The OSC confirmed that IFCMARKETS. CORP. is not registered in Ontario to engage in the business of trading in securities.

Is IFC Markets legit? No, not for Canadian investors. IFCMARKETS CORP previously held a CySEC (Cyprus Securities and Exchange Commission) license (number 147/11), but that authorization was subsequently cancelled. A cancelled regulatory license provides no investor protection.

The company operates under multiple registered addresses: Yerevan, Armenia; Limassol, Cyprus; and Road Town, Tortola, British Virgin Islands. Spain's CNMV (Comisión Nacional del Mercado de Valores) has also flagged IFC Markets as unauthorized. Despite this multi-jurisdiction regulatory history, IFCMARKETS CORP holds no Canadian registration and is not authorized to solicit Canadian investors.

Key facts:
- OSC investor alert, June 18, 2024, not registered in Ontario
- Formerly CySEC licensed (147/11) but authorization since cancelled
- Also warned by Spain's CNMV as unauthorized
- Multiple registered addresses: Armenia, Cyprus, British Virgin Islands
- Not registered in any Canadian province or territory

Report to RecoverFunds.ca if you have dealt with IFCMARKETS CORP.

How IFCMARKETS CORP Operates

IFCMARKETS CORP uses the appearance of former regulatory standing to attract investors who do basic regulatory research.

The former license tactic:

  • A CySEC license number (147/11) may still appear in historical marketing materials or third-party broker review sites
  • Investors who find this number may mistakenly believe the firm is currently authorized
  • The CySEC authorization has been cancelled, meaning the license number is no longer valid and provides no investor protection

Multi-jurisdiction complexity:

  • Registered entities in Armenia, Cyprus, and the British Virgin Islands create a complex corporate structure
  • When Canadian investors ask about regulation, the complexity itself discourages deeper investigation
  • BVI Financial Services Commission registration is presented as equivalent to a major regulator, which it is not

The forex and CFD product range:

  • IFCMARKETS CORP offers forex trading, CFDs on equities, indices, and commodities
  • A professional MetaTrader-style interface is provided
  • Tight spreads and leverage are highlighted to attract experienced traders

The Canadian registration gap:

  • Any firm soliciting securities or derivatives business from Canadians must be registered in the relevant Canadian province
  • Offshore or foreign licensing does not exempt a firm from this requirement
  • Canadian clients of IFCMARKETS CORP have no regulatory recourse through Canadian authorities

Red Flags in IFCMARKETS CORP Reviews

  • OSC investor alert June 18, 2024, not registered in Ontario to engage in securities trading
  • CySEC license 147/11 formerly held but subsequently cancelled, providing no current investor protection
  • Also warned by Spain's CNMV as an unauthorized financial services provider
  • Multiple offshore registered addresses used to create jurisdictional complexity
  • BVI Financial Services Commission registration presented as equivalent to recognized major regulation
  • Historical CySEC license number still appearing in third-party broker review sites, creating false credibility
  • No CIRO, OSC, or any provincial securities registration in Canada
  • Offshore licensing does not authorize solicitation of Canadian investors under Canadian securities law

What the Regulator Said

IFCMARKETS. CORP., found at www.ifcmarkets.com is not registered in Ontario to engage in the business of trading in securities.

Official regulator source

What to Do if You Were Targeted by IFCMARKETS CORP

If you have invested with IFCMARKETS CORP, report to RecoverFunds.ca immediately.

Action steps:

  1. Stop all deposits immediately
  2. Verify CySEC status at cysec.gov.cy — the license 147/11 has been cancelled
  3. Report to RecoverFunds.ca
  4. Contact the OSC at 1-877-785-1555
  5. Request a full account statement before attempting withdrawal to document current balance
  6. Contact your bank for wire transfer reversal options
  7. Report to the Canadian Anti-Fraud Centre and to the securities regulator for your province, the full process, with contact details for every province, is here
  8. Do not pay anyone who offers to recover your money for an upfront fee — that is a second scam, and it deliberately targets people who have already lost money once

IFCMARKETS CORP: Frequently Asked Questions

Is IFCMARKETS CORP a scam?

IFCMARKETS CORP is the subject of a published investor alert from Ontario Securities Commission (OSC) on June 18, 2024. Regulators issue these when an operation is offering investments to people it has no authorisation to deal with, and dealing with an unregistered platform means no regulatory recourse if the money disappears.

Is IFCMARKETS CORP legit, and is it registered in Canada?

Registration is the check that settles this, and it is one you can run yourself in under a minute at aretheyregistered.ca. IFCMARKETS CORP was named in an investor warning from OSC on June 18, 2024. Certificates and licence numbers shown on a platform's own site are not evidence; the national register is.

Why can't I withdraw my money from IFCMARKETS CORP?

If a IFCMARKETS CORP withdrawal has stalled, the important thing is to stop paying. Regulators see the same sequence repeatedly: the withdrawal is approved in principle, then a fee is required before release, then another after that. The fees demanded after a failed withdrawal often exceed the original deposit. There is no threshold that unlocks the money — here is what to do instead.

Why is my IFCMARKETS CORP login not working?

A IFCMARKETS CORP login that stops working is worth treating as information rather than a glitch. Accounts on flagged platforms are frequently locked once the operator decides a client is no longer going to deposit, and domains disappear entirely when an operation moves on. Screenshot whatever you can still reach — balances, transaction history, chat logs — before it becomes unreachable.

Are IFCMARKETS CORP reviews real?

Ratings-site reviews are among the easiest things to manufacture, and a platform under a regulatory warning has every reason to manufacture them. For IFCMARKETS CORP, weigh the OSC warning on June 18, 2024 above any star rating. Also be wary of reviews that appear immediately after a warning is published — a sudden burst of five-star reviews is a response to the warning, not evidence against it.

Can I get my money back from IFCMARKETS CORP?

We do not make recovery promises and you should be wary of anyone who does. What genuinely affects the outcome is speed and payment method: contacting your bank, card issuer or exchange on the same day is the step most likely to matter. Regulators can warn and enforce, but they are not a reimbursement scheme. Be especially careful of anyone who contacts you offering to recover funds from IFCMARKETS CORP for a fee paid in advance — that is the most common way people lose a second amount.

Is ifcmarkets.com a safe website?

No. ifcmarkets.com is named in connection with the OSC warning about IFCMARKETS CORP on June 18, 2024. Beyond the money, avoid installing anything it asks you to install and never grant remote access through tools like AnyDesk or TeamViewer to someone contacting you from it.

How do I report IFCMARKETS CORP in Canada?

Report to the Canadian Anti-Fraud Centre, to your provincial securities regulator, and to your local police — and to your bank or exchange the same day, ahead of all of them. Report to the regulator for the province you live in rather than wherever IFCMARKETS CORP claimed to be based, because that is almost always fictional. Step by step, with every provincial contact, is here.

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How to report investment fraud in Canada, the full process · How we verify these warnings