Ifx forex

Flexible payment options to get you trading faster. Jam-packed with all the features you expect from a leading broker, myifxbrokers, is similar to a high-powered exotic car.

My list of forex bonuses

You are placed firmly in the driverвђ™s seat, controlling all your trades from a user-friendly dashboard. And you have the advantage of foresight, speed and power from our sophisticated forex trading strategies, market scanner and professional trading tools.

RETAIL TRADERS' FIRST CHOICE

Why trade with us

You can rest easy when you trade with IFX brokers. Client funds are kept separate in a segregated account and monitored daily by our 3rd party auditor. Top that with our fidelity and indemnity insurance, zero balance protection and fund protection from your trading activities with our risk management tool - the IFX wallet.

IFX brokersв„ў is a trading name of IFX brokersв„ў holdings (pty) ltd (registration no. 2017/027249/07). Our distribution and market conduct is regulated by the financial sector conduct authority (authorized financial services provider number 48021).

Interactive trading academy

Whether you are a beginner or an experienced trader, IFX academy will provide the tools to accelerate your growth as a successful trader. You will be taught to shrewdly manage risk and optimise your rewards. Itвђ™s simple: our online forex training courses and continued support give you the edge.

Myifxbrokers - your secure online traders room

Jam-packed with all the features you expect from a leading broker, myifxbrokers, is similar to a high-powered exotic car. You are placed firmly in the driverвђ™s seat, controlling all your trades from a user-friendly dashboard. And you have the advantage of foresight, speed and power from our sophisticated forex trading strategies, market scanner and professional trading tools.

Competitive trading conditions

IFX brokers incorporates trade execution, with pricing from multiple banks and liquidity providers and 100% automated execution which completely eliminate broker intervention. Cybersonic trade execution is from as low as 2.5 milliseconds and settled immediately.

Instant deposits and withdrawals

IFX brokersв„ў enables clients to open accounts and deposit funds in the following base currencies: south african rand (ZAR), united states dollar (USD), british pound sterling (GBP), euro (EUR). With a variety of payment options clients can start trading almost instantly.

Experience trading the way it should be

In a true ECN environment IFX clients benefit from the best possible prices available from tier-1 banks and dark pool liquidity providers.

ECN stands for electronic communications network. The ECN provides an electronic system for buyers and sellers to come together for the purpose of executing trades. It does this by providing access to information regarding orders being entered, and by facilitating the execution of these orders.

Designed to match buy and sell orders currently present in the exchange, it provides prices reflecting the highest bid and lowest ask listed on the open market.

Our liquidity providers

Our accounts

Tight spreads.
No commission

Raw spreads.
Low commission

Fast and easy deposit options with ZERO fees

Flexible payment options to get you trading faster.

IFX make funding your account a simple process and cover the transaction fees on all deposits.

Simply select your preferred
payment option to proceed.

The ultimate IFX forex workshop
presented by real traders

Start your step-by-step journey
to consistent forex profits

Secure sophisticated partnership portal with a very ergonomic and clear user interface, from which partners can easily expand and manage multiple networks.

Placing you firmly
in the driverвђ™s seat

Creating a
community of
profitable traders

Complimentary professional forex
training powered by IFX academy

The trader in you
loves challenges

Trade
R,1000,000
and keep 50% of the profit

Start trading in 3 easy steps

Fund your account

Select your preferred deposit method and deposit money into your IFX account

Start trading

Trade multi assets and multi currencies from one account

Start trading in 3 easy steps

2.Fund your account

Select your preferred deposit method and deposit money into your IFX account

Start trading in 3 easy steps

3.Start trading

Trade multi assets and multi currencies from one account

Risk warning: contracts for difference (cfds) are intricate financial products traded on margin with elevated risk levels. Please be aware that you could lose all of or more than your invested capital. It is important to consider the risks associated with cfds, your objectives and your trading experience, and to determine whether trading in these products is appropriate for your financial situation. Please download our risk disclosure notice and pursue independent advice if required. IFX does not offer financial advice. Download risk disclosure notice

License: IFX brokersв„ў is a trading name of IFX brokersв„ў holdings (pty) ltd (registration no. 2017/027249/07). Our distribution and market conduct is regulated by the financial sector conduct authority (authorized financial services provider number 48021). The issuance of cfdвђ™s is regulated by the financial markets act, 2012.

COUNTRY OF DOMICILE: the use of this website is governed by south african law

Forex trading anytime, anywhere

Since 2020

More than design, more than a template. Just OM

Elevate
your game now

We combine sections from a range of categories to easily assemble pages that meet the needs of your growing business.

START TRADING

Donвђ™t know where or how to start trading? Overwhelmed by convoluted words and intimidated by simply looking at a trading screen? Why not take a look at our free trading community, where our experienced traders post their actual trades daily? Itвђ™s quick, easy and free to join. Gain advanced insight into the market by seeing what our trading team is doing on a daily basis.

START DEVELOPING

Fast forward your trading potential. Join the IFX trading team and weвђ™ll give you the skills and knowledge you need to become a confident and pragmatic trader. Learn the science, control your emotions and increase your chance of success with our one-to-one mentoring. Join now and get instant access to our founder axel.

PROGRAM STEPS

Get trading

Complete our quick and easy online signup form and get learning today.В

Trade anywhere

Itвђ™s totally flexible. Simply learn our trading process from desktop, laptop or mobile wherever, whenever.

Growing with IFX

Get trading independently with the skills and strategies youвђ™ve learned. Plus youвђ™ll get ongoing support from the IFX trading team. Weвђ™re here to help you grow.

Safe on
whatsapp

All of our trades are just messages send to you on whatsapp. This way you have full control.

Forex learning &
analysis

All IFX traders keep improving and learning all within whatsapp. We don't do large group-chats but 1 on 1 (private chat) learning.

High quality
& low cost

We offer multiple trials packages and also the chance to get 1 month for free.

24/7 customer
service

We are available for any questions you might have on any day of the week.

Mentoring

Understand how financial institutions trade the markets by using smart money concepts and learning from our professionals.

Sniper entries

To be a sniper in the market means to exercise patience and accuracy. Learn from the professionals how to execute and maintain sniper entries in the market.

Russel moore

Richard martin

Ellis fu

Disclaimer- risk warning: trading financial markets can result in losses exceeding your deposited funds. Past performance is not indicative of future results. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Please read our full risk disclaimer for more information.

"between 78.8% - 89% of retail investor accounts lose money when trading CFD's. You should consider whether you can afford to take the high risk of losing your money.Вђќ

IFX payments reviews

219 • excellent

Write a review

Reviews 219

Tip top services

Very pleased with the services provided - swift and prompt with a very friendly team. Will use them again and will recommend to friends and family. The set up was very quick and easy also ��

Team always responded promptly to all…

Team always responded promptly to all our injuries. Friendly and professional at all times. Big thanks to sarah and wasan.

I would strongly recommend IFX payments. The process is quick and easy with very efficient and professional involvement from the IFX staff. A really good system for foreign exchange and currency payments.

Very responsive!

The support we received from mr harry bulbeck from day one and during the whole account set up of one of our clients was excellent! Very responsive! Would highly recommend!

Efficient, helpful and value.

Efficient and a great rate. My bank couldn't 'find' the inward transaction however the IFX rep sent me the swift transaction reference and amazingly my bank then managed to 'find' my money. Very happy with the level of service from IFX while dealing with this issue and will definitely be using them again.

Sarah was great

Sarah was great, professional and gave me all the information i needed. Much better rate than the bank and the whole process was alot quicker than i expected. Wish I found out about this a year ago would have saved me a lot more money!

Money transfer

The service received from IFX payments has been exceptional from setting up our account to making each payment transfer. Kim grist has always been very prompt at responding to our emails and keeping us informed. We would not hesitate to recommend them.

Brilliant service

From start to finish every member of the team was very helpful and professional .
They kept in touch at every stage and their wealth of experience was invaluable.

I have been pleased with the platform…

I have been pleased with the platform so far. I have asked stephen for a few possible additions to the site which I think will be useful. Stephen and everyone on the support line have been very helpful.

Great service and communucation, competitive rates

Very simple to sign up. Very good personal communication with regard to e.G. Watching thresholds, watching rates and n communicating opportunities that are available in the markets such as futures contracts. Competitive exchange rates.

Harry was very helpful from the…

Harry was very helpful from the beginning and explained the requirements e.T.C. Clearly and concisely. He went above and beyond to get my account setup to my specific requirements very quickly, and even once called me whilst on his lunch break to make sure everything was in order. He's responded to every message I've sent within 24 hours.

The IBANQ platform itself is user-friendly and provides very competitive rates as well as the most up-to-date security protocols with a sleek design. It's difficult to say where they could improve.

My experience with IFX

I have been using IFX for a little while now and i have to say that i am pleased with my experience to date. In particular the back office team (david austin) has been very helpful. He is always available to help with any queries i have and goes out of his way to make sure any issues are resolved.

Great service

Great service, very attentive and supportive throughout multiple different fxs I conducted through them. Very helpful in navigating a sometimes difficult market!

I can recommend IFX payments, everything worked smoothly for me.

IFX have been amazing for my business…

IFX have been amazing for my business and have gone above and beyond to help me organise everything. Massive shout out to emma and simon who are always on point to help complete everything for me straight away and always on hand no matter what. Would highly recommend to anyone

Brilliant service from simon & emma

Brilliant service from simon & emma, very easy to both set the account up & to fulfil the transaction, highly recommended

Strong FX partner.

Very strong communication and reassurance through all steps of the process.

Very professional service

Very professional service. Most attractive rates I could find.

IFX is a smooth and reliable service…

IFX is a smooth and reliable service which seems to still have the beat on companies such as transferwise. In particular, andrew atkins is an excellent professional who's customer care is next-to-none. 5 stars!

Andy atkins rocks !!

We are very very new to the world of IFX payments but it is very clear to us already that they are something very special indeed.
From my very first ever contact with andy his easy yet professional manner has been exemplary and so has made us feel comfortable from the word go.
Add to andy's input the incredible exchange rates that IFX are able to offer then it absolutely has to make them the premium company within their marketplace !!
As UK expats living in france for 16 years we have built up a sizable network of other expat british friends and contacts and so will talking to them all about IFX's splendid service.

IFX brokers review

Headquartered in sandton, south africa, IFX brokers is an online trading broker that is built on the core values of commitment, transparency, and trust. They provide private and institutional clients with the MT4 trading platform for trading forex, indices, commodities, energies, metals, futures, and other trading instruments. Clients also get access to trading and learning tools, while there is a responsive client support team to assist them at every point. There are multiple account options with a minimum deposit requirement of $100 and low spreads starting from 0.8 pips.

IFX brokers review introduction

In this IFX brokers review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including IFX brokers.

IFX brokers platforms & tools

IFX brokers review trading platform

Traders get to trade the various available financial assets using the metatrader 4 trading platform. It is an advanced trading platform that was developed in 2005 by the russian software company, metaquotes. The platform is designed to suit traders of all levels, having an interface that is user-friendly yet packed with several advanced trading functionalities, such as one-click executions, stop and limit orders, technical indicators, live analytics, and support for automated trading using expert advisors. The MT4 trading platform is available as a desktop application for windows and mac computers and a mobile app for android and ios devices. There is also a web version that can run directly on most modern web browsers, such as chrome, safari, firefox, and edge.

The broker provides the virtual private server (VPS) service that allows traders to run automated algorithmic strategies all-round-the-clock.

IFX brokers research & education

The broker’s website contains some educational resources that help to improve clients’ trading knowledge whilst keeping them informed on the factors that move the financial markets. Some of those resources are in the trading academy section of the website and include guides and articles. There is also the information center that provides answers to common trading questions.

IFX brokers trading accounts

The following trading account types are available to IFX brokers clients: IFX standard, IFX raw, and IFX islamic accounts. The accounts are designed to meet the individual trading needs of different clients. Demo accounts are also provided for practice purposes.

IFX brokers review account types

IFX brokers account funding

Clients’ deposit and withdrawal requests are processed using any of the following payment methods: bank transfer, credit/debit cards, e-payments, such as neteller and skrill.

IFX brokers review account deposit and withdrawal methods

IFX brokers customer service

The broker’s client support team is always available to respond to clients’ trading inquiries, and they can be reached through the following contact channels: telephone, email, fax, online form, and social media.

IFX brokers regulation

IFX brokers is owned and operated by IFX brokers holdings (pty) limited with the registration number 2017/027249/07. Their distribution and market conduct is regulated by the financial sector conduct of south africa and has the license number, 48021 under the financial markets acts, 2012.

IFX brokers review summary

IFX brokers is an online forex and CFD broker that provides traders with the metatrader 4 trading platform for trading multiple financial instruments. Traders also benefit from trading tools and educational resources, and there is a client support team to assist at all times. There are several trading account options to choose from.

It is worth mentioning that some of the trading products and services in this IFX brokers review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the IFX brokers broker website which you can visit by using the link below.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

IFX brokers

Spreads

Liquidity

Commissions

Support

Regulation

Features

Metatrader 4 trading platform

Virtual private server and other useful trading tools

Some educational resources

Multiple financial markets

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IC markets

Forex trading anytime, anywhere

Since 2020

More than design, more than a template. Just OM

Elevate
your game now

We combine sections from a range of categories to easily assemble pages that meet the needs of your growing business.

START TRADING

START DEVELOPING

PROGRAM STEPS

Get trading

Complete our quick and easy online signup form and get learning today.В

Trade anywhere

Itвђ™s totally flexible. Simply learn our trading process from desktop, laptop or mobile wherever, whenever.

Growing with IFX

Get trading independently with the skills and strategies youвђ™ve learned. Plus youвђ™ll get ongoing support from the IFX trading team. Weвђ™re here to help you grow.

Safe on
whatsapp

All of our trades are just messages send to you on whatsapp. This way you have full control.

Forex learning &
analysis

All IFX traders keep improving and learning all within whatsapp. We don't do large group-chats but 1 on 1 (private chat) learning.

High quality
& low cost

We offer multiple trials packages and also the chance to get 1 month for free.

24/7 customer
service

We are available for any questions you might have on any day of the week.

Mentoring

Understand how financial institutions trade the markets by using smart money concepts and learning from our professionals.

Sniper entries

To be a sniper in the market means to exercise patience and accuracy. Learn from the professionals how to execute and maintain sniper entries in the market.

Russel moore

Richard martin

Ellis fu

"between 78.8% - 89% of retail investor accounts lose money when trading CFD's. You should consider whether you can afford to take the high risk of losing your money.Вђќ

WELCOME TO
IFX ACADEMY

Your window to the world
of trading

HELLO,
WALL STREET

Complimentary education
available here

HOW DO YOU ACCESS DECADES
OF EXPERIENCE AND KNOWLEDGE?

Simple. You learn from the best.

SERIOUS ABOUT
MAKING MONEY?

Weвђ™ll make you a successful forex trader beyond your wildest dreams.

Forex education for any level

Each course, ranging from a beginner level through intermediate and culminating in the advanced level, is carefully designed to optimise your knowledge whether you are starting out or a seasoned professional.

We are driven by our desire to share our knowledge of the lucrative, exciting world of forex trading.

And we are ambitious вђ“ we want to be the best, offering an
unparalleled, world class forex education to deal with the vagaries of
todayвђ™s global economy.

Whether you are an absolute beginner or an experienced trader, IFX academy will provide the tools to accelerate your growth as a successful trader.

You will be taught to shrewdly manage risk and optimise your rewards. Itвђ™s simple: our online forex training courses and continued support give you the edge. Our results prove it. All you need is passion, a good work ethic and the will to succeed.

Since the course material and assignments are electronically delivered to you, you decide the pace at which you want to complete your modules. Obviously, every student has a unique life situation with its own commitments and challenges. Itвђ™s a good strategy to work out how much free time you have and how much you can reasonably spend on your course.

Since youвђ™ll be referring to it time and time again, you will receive a high quality, durable study guide. It is accompanied by a flash drive loaded with all your course material. You will also receive our four world class strategies and easy to follow step-by-step instructions. Your course material is packed with examples, explanations, a glossary and interactive assignments. Should you need extra support, this is readily available by email.

Share your thoughts and experiences in the student discussion portal.

We will give you everything that you need, based on your module selection, to become a knowledgeable forex trader. In turn, we expect you to be fully committed to your course: completing the interactive assignments and following our recommendations. Visualise your future as a successful trader. You must be passionate, determined and disciplined. Thatвђ™s the only part we canвђ™t do for you!

IFX academy (pty) ltd (registration no. 2018|224842|07) is a provider of forex education. The information contained in any published learning material solely constitutes an education communication. It does not imply or suggest that it concerns investment advice or recommendations of any form, neither is it an offer of or entreaty for any financial transactions. The information supplied is not aligned with legal requirements endorsing the independence of investment research; furthermore, it is not subject to any prohibition on dealing ahead of the dissemination of investment research. Every opinion expressed is subject to change without prior notice, and opinions should be regarded as entirely those of the writer. These are not necessarily endorsed by IFX academy. It is forbidden to reproduce or further disseminate the contents of this communication without the written prior consent of IFX academy.

IFX brokers review - is ifxbrokers.Com scam or good forex broker?

RECOMMENDED FOREX BROKERS

IFX brokers is broker, incorporated and licensed in south africa. They offer quite a variety of currency pairs with a leverage of up to 1:500 and the metatrader4 platform. Here you may check more details about their trading conditions.

Account type	min. Deposit	max. Leverage	spread s
IFX standard account	$100	1:500	2.3 pips
IFX VIP platinum account	$20 000	1:500	n/a

IFX brokers advantages:

Impressive selection of currency pairs

Checking IFX brokers trading platform we counted over 100 forex pairs with lots of exotic currencies like singapore dollar, swedish krona, norwegian krone, danish krone, south african rand, turkish lira, hungarian forint, hong kong dollar, polish zloty, mexican peso, chinese yuan, thai baht, russian ruble, czech krona and israeli shekel.

Apart form that the broker offers cfds on silver, gold, oil, natural gas, some 11 indices and many stocks. However, as we do not see any crypto coins here you may check our list of brokers, offering bitcoin cfds:

As tested with a demo account the benchmark EURUSD spread floated around 2,3 – 2,4 pips, which is almost twice as high as the minimum starting spreads, considered acceptable by most traders. Here you may also check our list of brokers, offering tighter spreads:

IFX brokers is a legit broker, regulated by the south african financial sector conduct authority, which offers quite an array of currency pairs, with great leverage and the metatrader4 – one of the most reliable platforms on the market. On the downside we should note the relatively high spreads, which after all is not a minor disadvantage.

Latest news about IFX brokers

FXTM a regulated forex broker (regulated by cysec, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

Fxpro is a broker we are particularly keen on: it’s regulated in the UK, offers metatrader 4 (MT4) and ctrader – where the spreads start at 0 pips, level II pricing and full market depth. And the best part? With fxpro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS mastercard is also available for faster deposits and withdrawals.

Fxchoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

Hotforex is a EU regulated broker, offering wide variety of trading accounts, including auto, social and zero spread accounts. The minimum intial deposit for a micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.

IFX brokers review

Operating from south africa, IFX brokers is an online trading broker that is built on the core values of commitment, transparency, and trust. The broker facilitates one-stop trading and investing experience for private and institutional clients, providing them with the highly advanced metatrader 4 trading platform for online trading of multiple financial instruments, including forex, indices, commodities, energies, metals, futures, and more.

IFX brokers review, pros & cons

MT4 trading platforms

Educational resources

A range of useful trading tools

Multiple financial instruments

No USA clients

Not the tightest spreads

No MT5 trading platforms

No FIX API trading

No live chat support

In this detailed IFX brokers review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

IFX brokers is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including IFX brokers.

IFX brokers review: summary

IFX brokers is a regulated retail broker that is based in sandton, south africa. The broker offers competitive trading services through state-of-the-art trading platforms with top-tier liquidity and reasonable spreads. There are multiple account options with a minimum deposit requirement of $100 and spreads starting from 0.8 pips.

IFX brokers review: regulation

IFX brokers is a trading name of IFX brokers holdings (pty) ltd (registration no. 2017/027249/07). Their distribution and market conduct is regulated by the financial sector conduct authority (authorized financial services provider number 48021). The issuance of CFD’s is regulated by the financial markets act, 2012.

IFX brokers review: countries

The broker allows traders from different parts of the world to open a trading account with them if their countries of residence permit online trading with international brokers.

Some IFX broker’s features and products mentioned within this IFX brokers review may not be available to traders from certain countries because of legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

IFX brokers review: trading platforms

MT4 trading platform

The broker provides traders with the metatrader 4 trading platform, which has remained one of the most advanced and popular trading platforms to date. The platform offers a convenient method of trading multiple assets, and it has a multilingual interface. MT4 provides comprehensive analysis tools and allows for multiple chart setups. The platform has a range of useful features and capabilities, such as one-click executions, stop and limit orders, technical indicators, live analytics, and many more. It is available as a desktop application for windows and mac computers, a webtrader, and a mobile app that is designed for android and ios devices.

IFX brokers review: trading platform

IFX brokers review: trading tools

Clients are provided with almost unlimited VPS (virtual private server) service, which enables them to run automated algorithmic strategies and access expert advisors 24/7 on a virtual machine, amongst other trading tools.

IFX brokers review: education

Clients are provided with a vast array of educational resources on the broker’s website. They include the trading academy that consists of interesting articles and guides, as well as the information center that provides answers to common trading questions.

IFX brokers review: trading instruments

IFX brokers allows traders to trade a wide range of financial assets, such as forex, indices, commodities, energies, metals, futures, and more.

IFX brokers review: trading accounts & fees

IFX brokers offers a variety of different trading account types, that are specifically designed to meet the needs and demands of all types of traders. They include the IFX standard, IFX raw, and IFX islamic accounts. Each of the accounts allows its users to trade all the available instruments on the MT4 platform with trade sizes ranging from 0.01 to 100 lots. There are also demo accounts that are used for practice purposes.

IFX brokers review: account types

As broker fees can vary and change, there may be additional fees that are not listed in this IFX brokers review. It is imperative to ensure that you check and understand all of the latest information before you open an IFX brokers account for online trading.

IFX brokers review: customer service

IFX brokers provides traders with a professional customer support team that can be contacted via telephone, email, fax, online form, and social media.

IFX brokers review: deposit & withdrawal

Deposits and withdrawals at IFX brokers can be done through any of the following payment methods:

Bank transfer

Credit/debit cards

Online payment processors, such as neteller and skrill.

IFX brokers review: deposit & withdrawal methods

IFX brokers review: account opening

Opening a trading account requires potential traders to click on the open live account tab and fill out the form properly and submit.

IFX brokers review: account opening page

It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.

IFX brokers review: conclusion

Overall, IFX brokers is an online trading broker that provides traders with the MT4 trading platform for trading multiple financial assets. Traders benefit from a range of trading tools and educational resources, and there are multiple account options.

Contracts for difference (cfds) are intricate financial products traded on margin with elevated risk levels. Please be aware that you could lose all of or more than your invested capital. It is important to consider the risks associated with cfds, your objectives, and your trading experience, and to determine whether trading in these products is appropriate for your financial situation.

Min $100 deposit

IFX brokers is an online trading broker that provides clients with the metatrader 4 trading platforms for online trading of multiple financial instruments, including forex, indices, commodities, energies, metals & futures.

Forex brokers lab

BROKERS with LOW SPREADS

ASIC REGULATED BROKERS

BROKERS with MINIMUM DEPOSIT

BEST FOREX BONUSES

Regulators : FSCA

Cryptocurrencies: YES

Minimum deposit: $100

Maximum leverage: 1:500

Spreads: medium

My score: 5.4

Hello guys, I am here with IFX brokers review today. IFX brokers is a forex broker who registered in south africa.

According to the website of the broker, IFX brokers is a trading name of IFX brokers holdings (pty) ltd (registration no. 2017/027249/07).

You can find the answers to these questions in this IFX brokers review: is IFX brokers scam or not? What are the account types offered by the broker? What are the trading conditions such as spreads, minimum deposit and leverage? Is IFX brokers regulated?

Regulation of IFX brokers

IFX brokers claims that their distribution and market conduct is regulated by the financial sector conduct authority (authorized financial services provider number 48021).

FSCA is a legal regulator offering reliable protection to investors. However, it doesn’t compare with the UK’s FCA or the australian ASIC. They are more reputable regulators, of course.

Also, FCA-regulated forex brokers must maintain a minimum capital of at least 730 000 euro to proof their financial stability. For ASIC-regulated ones, the minimum capital amount is $1M.

Moreover, FCA-regulated brokers have to provide a compensation scheme, which named financial services compensation scheme (FSCS). The scheme covers investor’s money up to 50 000 GBP.

Unfortunately, there is no any compensation scheme for the ASIC-regulated broker’s clients.

Account types and spreads

IFX gives you the choice of a selection of trading accounts, specifically designed to meet your needs. Obviously, they offer real trading accounts, but they also support the novice trader with the IFX demo account.

There are two account types offered by IFX brokers. The names of these accounts are IFX standard and IFX VIP.

Both have 1:500 leverage ratio which is as good as it can get. Keep in mind that higher leverage can get gain you more but you will be at higher risk when the market turns in the wrong direction.

IFX standard account type has 100 USD minimum deposit requirement which is about the industry average. Spreads are from 2 pips on EUR/USD which higher than the industry average.

Unfortunately, the broker doesn’t provide the spreads of the IFX VIP account. The minimum deposit for this account is 20 000 USD.

Trading platforms

IFX brokers supports the metatrader4 which is the most popular trading platform among traders and brokers. This is an advantage for the broker. Because every trader wants their brokers to support the MT4.

The metatrader 4 provides enhanced charting functionality and highly sophisticated order management tools. It also has a multilingual interface, provides a comprehensive analysis and allows for multiple chart setups.

You can use the MT4 on the desktop, android or ios devices. Also, there is a web platform which allows you to trade easily and efficiently from any browser or operating system including windows, mac and linux without any additional software. All you need is an internet connection to start trading.

Trading instruments

The broker offers its clients to trade on forex, indices, cfds, spot metals, energies, commodities, and cryptocurrencies. IFX brokers offer over 70 currency pairs, gold, silver, platinum and palladium oil and natural gas.

There is no information about which cryptocurrencies are offered by the broker.

Deposit and withdrawal methods

You can fund your account by using credit and debit cards, payfast or wire transfer. Withdrawals for south african clients are normally processed within 2-4 hours.

Note that withdrawals for international clients transacted by bank wire transfer usually occur within 3 to 5 working days.

Credit card withdrawals are limited to the original deposit amount. Withdrawals exceeding this amount require a different withdrawal method.

I think payment methods are limited. There should be more e-wallets options such as neteller, skrill, paypal etc.

Conclusion

IFX brokers is a legit forex broker who regulated by south african financial sector conduct authority. The broker offers a wide range of currency pairs, the leverage ratio is high and there is the metatrader platform which is one the most trusted platform on the market.

On the other hand, spreads are high and we don’t have an idea about the VIP account’s spreads. The website of the broker is not useful. They must improve something about it. To sum up, you can check the pros and cons of the broker.

So, let's see, what we have: IFX is a leading south african forex broker and licensed and regulated with the FSCA (financial sector conduct authority) FSP number 48021. At ifx forex