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.
| 🔎 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 |
IFX Brokers Minimum Deposit – 8 Key Point Quick Overview
- ☑️ IFX Brokers Overview
- ☑️ IFX Minimum Deposit
- ☑️ How to Open an IFX Account – Step by Step Guide
- IFX Deposit Options
- IFX Brokers Customer Reviews
- IFX Brokers Pros and Cons
- Conclusion
- Frequently Asked Questions
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 Overview
Operating from South Africa, IFX Brokers is an online trading broker where old-fashioned values meet with ground-breaking technology. The broker facilitates 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.
IFX Minimum Deposit
The Minimum Deposit amounts needed to open an IFX Brokers live trading account will range from $10 USD / R160 ZAR up to $1000 USD / 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 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 Deposit Options
Making a deposit with IFX Brokers is a simple, straightforward process with the broker covering all transaction fees. To make a deposit the trader can simply log in to their secure client area and select their preferred payment option to proceed.
| 🔎 Deposit Method | 💰 Currency | 💵 Fees | ⚙️ Processing Time |
| 🥇 OZOW | ZAR | None | Instant |
| 🥈 PayFast | ZAR | None | Instant |
| 🥉 MasterCard | ZAR | None | Instant |
| 🏅 Visa | ZAR | None | Instant |
| Wire Transfer | ZAR | 📌 2.5% | 📌 24/48 Business Hours |
| Skrill | 📌 USD/ZAR | None | Instant |
| Neteller | 📌 USD/ZAR | None | Instant |
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 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, 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
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You might also like: IFX Brokers Islamic Account Overview
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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.
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