IFX Brokers does offer a free demo trading account for beginners to start training on. Practice forex trading in a 100% risk-free environment. The demo account expires after 30 days and account holders can request that IFX Brokers assist in changing the Demo Account into a Live Trading Account.
| 🔎 Account | 🥇 IFX Demo |
| 💰 Minimum Deposit | Free |
| 📌 Trading Platform | MetaTrader 4 |
| ⚙️ Trading Tools | ✔️ Yes |
| 🚀 Open an Account | 👉 Click Here |
IFX Brokers Demo Account – 6 Key Point Quick Overview
- ✅ IFX Demo Account Overview
- ✅ How to Open an IFX Account – Step by Step Guide
- ✅ IFX Brokers Customer Reviews
- IFX Brokers Pros and Cons
- Conclusion
- Frequently Asked Question
Min Deposit
USD 10
Regulators
FSCA
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
200
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
IFX Demo Account Overview
At first glance, it might look to the applicant as if IFX Brokers does not offer a Demo Account. However, once the applicant has opened an IFX Brokers Live Trading account they will receive an email that informs them that they are indeed, the proud owner of a Demo Account as well.
In the email, the new account holder will receive a download link for MT4 plus MT4 login credentials. Once MT4 has been installed, the trader will be met with the following screen where their credentials will now come into play.
Once the trader has logged in successfully, the setup will look as follows and the trader is now free to practice trading in simulated live trading conditions.
Min Deposit
USD 10
Regulators
FSCA
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
200
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
How to Open an IFX Account – Step by Step Guide
1. Step 1: Start Trading
Once the applicant has opened the IFX Brokers webpage they can click on the red “Start Trading” platform located on the top right-hand side.
2. Step 2: Register
The second step is for the applicant to complete a simple registration form, set up a unique password, and agree to set terms. Now they can click on the Register Now button to complete the registration process.
3. Step 3: Email Validation
The next step is for the applicant to check their email inbox. An email will be waiting with a verification link that needs to be clicked. Once this is done, the applicant will be redirected to their newly created live IFX Broker Trading account.
4. Step 4: Finalize
In the account window, there will be links for the trader to follow and complete. This includes a questionnaire, Financial information, and more.
IFX Brokers Customer Reviews
Excellent Platform.
IFX brokers provide the MetaTrader4 to its customers, which is considered one of the best trading platforms in the world of forex to date! – Carolina
Best!
IFX Brokers ranks as one of the Top 10 Brokers in South Africa for good reason – They offer both MetaTrader platforms across most accounts! – Rebecca
Not User Friendly.
The IFX Brokers website is definitely not user-friendly. Good luck finding information about their demo account. Only after I opened a live trading account was I informed that I have a demo account available. Unfortunately, downloads and more complications followed. – Trisha
IFX Brokers Pros and Cons
| ✔️ Pros | ❌ Cons |
| MT4 & MT5 trading platforms | 1:500 leverage |
| Educational resources | No USA clients |
| A range of useful trading tools | No FIX API trading |
| 4 Account types to choose from | |
| Sophisticated Ticket support system | |
| 200+ Instruments | |
| Competitive Spreads |
Conclusion
Overall, IFX Brokers does offer a free demo trading account for beginners to start training on and account holders can request that IFX Brokers assist in changing the Demo Account into a Live Trading Account.
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Frequently Asked Question
What is the difference between a demo and a live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Do IFX Brokers offer a demo account?
Yes, IFX Brokers offers a free demo account to all new traders.
For how long is the demo account valid?
The demo account does not appear to expire.
Which live trading accounts do IFX Brokers offer?
IFX Brokers offers three live trading accounts, consisting of the IFX Standard, IFX Raw, and IFX Islamic Accounts.
What are the available deposit currencies for a live trading account?
With regards to deposit currencies, the broker accepts a broad selection of major currencies, including AUD, USD, NZ, JPY, CAD, and ZAR/Rand.
Funds received in any other currency are subject to conversion prior to being deposited in your account. Traders can contact the broker’s customer support desk to find out more information regarding these applicable conversion fees.
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