The IFX Brokers minimum deposit amount required to register a live trading account is $10 USD.
This minimum deposit is equivalent to R 160.00 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
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 Brokers Minimum Deposit – 9 Key Points Quick Overview
- ☑️Overview
- ☑️IFX at a Glance
- ☑️IFX Minimum Deposit
- ☑️How to make an IFX Minimum Deposit
- ☑️IFX Deposit and Withdrawals
- ☑️Customer Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
Overview
Operating from South Africa, Jefferys Bay is an online Broker where old-fashioned values meet with ground-breaking technology.
The Broker facilitates a one-stop trading and investing experience for private and institutional clients, providing them with the highly advanced MetaTrader 4 and MetaTrader 5 platforms for online trading of more than
200 instruments across 6 asset classes.
State-of-the-art systems and processes, as well as extended-hours live client support, ensure that IFX account analysts can dedicate themselves to clients for 18 hours daily.
IFX Minimum Deposit
The Minimum Deposit needed to open an IFX Brokers live trading account ranges from USD 10 / R160 ZAR to USD 1000 / R15,050 ZAR.
| 🔎 IFX Account | 💰 Minimum Deposit |
| 🥉 IFX Standard | $10 USD / R160 ZAR |
| 🥈 IFX Premium | $250 USD / R3800 ZAR |
| 🥇 IFX VIP | $1000 USD / R15,050 ZAR |
| ☪️ IFX Islamic | $10 USD / R160 ZAR |
| 🏅 IFX Cent | $10 USD / R160 ZAR |
How to make an IFX Minimum Deposit
Step 1: Log in
Log in to your dashboard after signing up.
Step 2: Choose your payment
After logging in to your dashboard, choose your preferred payment.
IFX Deposit and Withdrawals
This Broker offers instant deposits and fast withdrawals with various funding options. Deposits are free of cost.
IFX Deposits
Depositing with IFX Brokers is straightforward. The Broker covers all transaction fees. To make a deposit, the trader can log in to their secure client area and select their preferred payment option to proceed.
| 🔎 Deposit Method | 💰 Currency | 💵 Fees | ⚙️ Processing Time |
 | ZAR | None | Instant |
 | ZAR | None | Instant |
 | ZAR | None | Instant |
 | ZAR | None | Instant |
 | ZAR | 📌 2.5% | 📌 24/48 Business Hours |
 | 📌 USD/ZAR | None | Instant |
 | 📌 USD/ZAR | None | Instant |
IFX Withdrawals
They offer their clients fast withdrawals. The myIFXBrokers secure client area powers withdrawals.
To withdraw, the client must log into the myIFXBrokers secure client area and add their bank account information for Verification. Once verification has been successful, the process can be completed.
| 💳 Withdrawal Method | ⏱️ Processing Time | 💰 Fees | 🌍 Availability |
 | 1 – 3 Business Days | May incur bank charges | 🇿🇦 South Africa |
 | 1 – 5 Business Days | No broker fee | 🌍 International |
| Within 24 hours | No broker fee | 🌍 International |
| Within 24 hours | No broker fee | 🌍 International |
| Within Minutes | No broker fee | 🇿🇦 South Africa only |
 | Up to 1 business day (varies) | Network fee may apply | 🌍 Limited regions |
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
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.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Educational resources | No USA clients |
| A range of useful trading tools | No FIX API trading |
| MT4 & MT5 trading platforms | 1:500 leverage |
Conclusion
Overall, the Minimum Deposit amount needed to open an IFX Brokers live trading account will range from $10 USD / R160 ZAR up to $1000 USD / R15,050 ZAR.
A Free Demo Account is also made available.
You might also like: IFX Brokers Account Types Overview
You might also like: IFX Brokers Demo Account
You might also like: IFX Brokers Fees and Spreads
You might also like: IFX Brokers Islamic Account Overview
You might also like: IFX Brokers Sign up Bonus
Frequently Asked Questions
What is the minimum deposit for IFX Brokers?
The minimum deposit amount required to open a broker account with IFX Brokers is $100. This is a relatively low minimum deposit when compared to most other brokers in the industry and should be accessible to most new traders.
How do I make a deposit and withdrawal with IFX Brokers?
Unfortunately, the broker has a very limited selection of deposit methods, which consist of the following:
- Visa
- PayFast
- Wire Transfer
Do IFX Brokers charge withdrawal fees?
No, IFX Brokers does not charge deposit or withdrawal fees.
How long does it take to make a withdrawal?
Withdrawals made by South African clients are typically processed within 2-4 hours. Please note that withdrawals for International clients transacted by bank wire transfer usually occur within three to five working days.
