
Overall, IFX Brokers can be summarised as trustworthy, FSCA-regulated brokers. They provide super-low spreads, exceptional customer support, and excellent same-day withdrawals. This Broker has a trust score of 93 out of 100.
🔎 Broker | 🥇 IFX Brokers |
🎉Bonus | 50% First Time Deposit Bonus |
🗺️ Country of regulation | South Africa |
🔥Live support | ✅ Yes |
📱 MetaTrader 4 (MT4) | ✅ Yes |
📱 MetaTrader 5 (MT5) | ✅ Yes |
📊Trading Islamic Account | ✅ Yes |
🎮 Cent accounts | ✅ Yes |
✨VPS | ✅ Yes |
📈 Spreads | Starting from 0.5 |
📉 Leverage | 1:500 |
🤑Affiliate Program | ✅ Yes |
💰 Withdrawal fee amount | None |
🚀 Open an Account | 👉 Click Here |
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 Review – 15 Key Points Quick Overview
- ☑️IFX Brokers Overview
- ☑️Types Accounts
- ☑️IFX Live Trading Account Comparison
- ☑️How to Open an Account – Step-by-Step Guide
- ☑️Sign-Up Bonus
- ☑️Minimum Deposit
- ☑️Trading Platforms
- ☑️Fees, Spreads, and Commission
- ☑️Deposit and Withdrawals
- ☑️Best Countries by Traders
- ☑️IFX Brokers vs. IQ Option vs. Interactive Brokers – A Comparison
- ☑️IFX Brokers Customer Reviews
- ☑️Brokers Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
IFX Brokers Overview
Operating from South Africa, Jefferys Bay is an online 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.
State-of-the-art systems and processes and extended-hours live client support ensure that IFX account analysts can dedicate themselves to clients for 18 hours daily.
IFX Accounts
IFX Brokers offers applicants five live Forex trading accounts: a Standard, Premium, VIP, Islamic, and Cent Account option. In addition to the five Live Trading account options, an IFX Brokers Demo account is available.
Standard Account
The Standard account can be opened with a minimum deposit of $10 USD / R160 ZAR and offers the applicant the option of adding the IFX Sign-Up Bonus offer. It comes with both the MetaTrader 4 and MetaTrader 5 trading platforms.
💻 Platform | MT4 & MT5 |
📊 Range of Markets | All Instruments |
💰 Minimum Deposit | $10 USD / R160 ZAR |
🎉 Sign-Up Bonus | ✔️ Yes |
📈 Leverage | Up to 1:500 |
🚀 Open an Account | 👉 Click Here |
IFX Premium Account
The Premium Account can be opened with a minimum deposit of $250 USD / R3800 ZAR. The Premium Account does not support a Sign-Up Bonus but does offer the applicant attractive trading conditions.
💻 Platform | MT4 & MT5 |
📊 Range of Markets | All Instruments |
💰 Minimum Deposit | $250 USD / R3800 ZAR |
🎉 Sign-Up Bonus | ❌ No |
📈 Leverage | Up to 1:500 |
🚀 Open an Account | 👉 Click Here |
IFX VIP Account
The VIP Account can be opened with a minimum deposit of $1000 USD / R15,050 ZAR, giving the applicant access to RAW Spreads, Competitive commission structures, and the best trading conditions.
💻 Platform | MT4 & MT5 |
📊 Range of Markets | All Instruments |
💰 Minimum Deposit | $1000 USD / R15,050 ZAR |
🎉 Sign-Up Bonus | ❌ No |
📈 Leverage | Up to 1:500 |
🚀 Open an Account | 👉 Click Here |
IFX Islamic Account
The Islamic Account is a swap-free account utterly free of Riba. It can be opened with a minimum deposit of $10 USD / R160 ZAR.
💻 Platform | MT4 & MT5 |
📊 Range of Markets | All Instruments |
💰 Minimum Deposit | $10 USD / R160 ZAR |
🎉 Sign-Up Bonus | ✔️ Yes |
📈 Leverage | Up to 1:500 |
🚀 Open an Account | 👉 Click Here |
IFX Cent Account
The Cent account can be opened with a minimum deposit of $10 USD / R160 ZAR and is an excellent choice for novice traders.
💻 Platform | MT5 |
📊 Range of Markets | All Instruments |
💰 Minimum Deposit | $10 USD / R160 ZAR |
🎉 Sign-Up Bonus | ✔️ Yes |
📈 Leverage | Up to 1:500 |
🚀 Open an Account | 👉 Click Here |
IFX Demo Account
At first glance, it might seem that 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 informing them that they are the proud owners of a Demo Account.
The new account holder will receive an email with a download link for MT4 and 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.
The setup will look as follows once the trader has logged in successfully. 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
IFX Live Trading Account Comparison
🔎 Account | 🥉 IFX Standard | 🥈 IFX Premium | 🥉 IFX VIP |
📈 Platform | MT4 & MT5 | MT4 & MT5 | MT4 & MT5 |
📉 Range of Markets | All Instruments | All Instruments | All Instruments |
💰 Minimum Deposit | $10 USD / R160 ZAR | $250 USD / R3800 ZAR | $1000 USD / R15,050 ZAR |
🎉 Bonus | ✔️ Yes | ❌ No | ❌ No |
📊 Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 |
📈 Volatility Index | ✔️ Yes | ✔️ Yes | ✔️ Yes |
📉 Min. Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
📌 Spreads from | 1.3 pips | 1 pips | 0.5 pips |
💳 Commission | None | None | 📌 USD 6 |
🔁 Swap Fees | ✔️ Yes | ✔️ Yes | ✔️ Yes |
✅ Margin Call | 50 | 60 | 40 |
🛑 Stop Out | 30 | 20 | 10 |
💵 Base Currencies | ZAR/USD/GBP/EUR | ZAR/USD/GBP/EUR | ZAR/USD/GBP/EUR |
📈 Order Execution | Market Execution | Market Execution | Market Execution |
📉 One Click Trading | ✔️ Yes | ✔️ Yes | ✔️ Yes |
🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
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 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 the terms. Then, 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 with a verification link will be waiting 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
The account window will contain links for the trader to follow and complete. These include a questionnaire, Financial information, and more.
IFX Sign-Up Bonus
The Sign-Up Bonus is available to any trader who opens an IFX Standard Account. It is a 50% Deposit Bonus on first-time deposits and 50% on recurring deposits, subject to the prevailing cumulative maximum bonus allowance.
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 Minimum Deposit
The Minimum Deposit needed to open an IFX Brokers live trading account ranges from $10 USD / R160 ZAR 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 |
Trading Platforms
IFX Brokers offers traders both MetaTrader trading Platforms. MetaTrader 4 and 5 are available across all accounts except Demo and Cent.
IFX MetaTrader 4
The MetaTrader 4 provides traders with enhanced charting functionality, highly sophisticated management tools, comprehensive analysis, multiple chart setups, and a multilingual interface.
IFX MetaTrader 5
MT5 is the successor of MetaTrader 4 and offers traders additional trading features, including the option to trade futures and stocks.
IFX MT4 vs IFX MT5
🔎 Platform | 🥇 MetaTrader 5 | 🥈 MetaTrader 4 |
📈 Partial Order Filling Policies | ✔️ Yes | ❌ No |
📉 Pending Order Types | 6 | 4 |
📊 Depth of Market | ✔️ Yes | ❌ No |
⚙️ Technical Indicators | 38 | 30 |
📌 Graphical Objects | 44 | 31 |
🔁 Time Frames | 21 | 9 |
IFX Fees, Spreads, and Commission
Traders with IFX Brokers can expect Spreads from 0.5 to 1.6 pips with Commission-Free trading across most account options, excluding the IFX VIP account, which comes with a commission amount of $ 6 USD / R90 ZAR. Swap -Fees are charged across the Standard, Premium, and VIP accounts with Minimum Deposits ranging between $10 USD / R160 ZAR to $1000 USD / R15’050 ZAR. No Deposit fees apply.
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 |
🥇 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 |
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.
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 Affiliate Program
An Introducing Broker (IB) is an agent that will introduce new customers to IFX Brokers™. In return, the Introducing Broker will receive a fee (rebates), a particular share of the Spread or Commission charged by the brokerage.
Commissions are paid up to USD12 per round standard lot. The larger the business, the higher the commission.
IFX Best Countries by Traders
🌎 Country of Trade | 📌 % of Traders |
🥇 South Africa | 83.46 |
🥈 Namibia | 9.65 |
🥉 Cyprus | 1.50 |
Turkey | 0.97 |
IFX Brokers vs. IQ Option vs. XM – A Comparison
🔎 Broker | 🥇IFX Brokers | 🥈 IQ Option | 🥉 XM |
💰 Min Deposit | $10 USD / R160 ZAR | $10 USD / R160 ZAR | $5 USD / R80 ZAR |
📝 Regulation | FSCA | CySEC | ASIC |
📌 Total Pairs | 200 | 25 | 57 |
☪️ Islamic Account | Yes | Yes | Yes |
💵 Trading Fees | Low | Low | N/A |
🆓 Demo Account | Yes | Yes | Yes |
🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
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 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 Current Popularity Trend
According to Google Trends, here is an overview of how frequently the search term – “IFX Brokers” is entered into Google’s search engine over a given period.
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 can be summarised as a trustworthy South African Broker that offers traders a well-rounded trading experience. It provides fantastic customer service and many instruments to assist with trading and making correct decisions.
You might also like: IFX Brokers Account Types
You might also like: IFX Brokers Demo Account
You might also like: IFX Brokers Islamic Account
You might also like: IFX Broker’s Minimum Deposit
You might also like: IFX Brokers Sign up Bonus
Happy to be with IFX Brokers
IFX Brokers is a well-regulated platform with a strong focus on beginner-friendliness and South African traders. Their multiple account options, educational resources, and efficient withdrawals make them a compelling choice.
Response from SA Shares
Thank you so much for your Review .
Very good service
Exceptional customer service is a recurring theme. IFX’s team is lauded for their responsiveness and helpfulness, ensuring a smooth trading experience.
Response from SA Shares
Thank you so much for this great review , we know IFX is a proud to get such great reviews and help is just a email, call away .
Frequently Asked Questions
What type of forex broker is IFX Brokers?
IFX Brokers is a Market maker.
What is the overall rating for IFX Brokers out of 10?
The overall rating for this Broker is 9/10.
How much is the IFX Brokers Minimum Deposit?
The Minimum deposit required to open an IFX Live trading account starts from $10 USD / R160 ZAR.
Does IFX Brokers make a Demo Account available?
Indeed, IFX Brokers makes a demo account available to standard account holders after registration.
Does IFX Brokers cater to Islamic Forex Traders?
Yes, IFX Brokers makes an Islamic, Swap-Free Forex Trading Account available.
Does IFX offer a ZAR account?
Yes, IFX Brokers offers trading accounts in ZAR. As a South African registered entity, deposits and withdrawals are conducted in ZAR.
Can I trade on the JSE as an individual in South Africa on the IFX platform?
You cannot directly trade on the Johannesburg Stock Exchange (JSE) through IFX Brokers.
IFX Brokers focuses on CFD trading, which allows speculation on price movements without directly buying or selling the underlying asset.
Which share indices can you trade on the IFX platform?
You can trade CFD Forex, Indices, Commodities, Cryptos, and Shares. However, they do have limited public information regarding Zar accounts.
What should you consider regarding trading sessions on IFX in South Africa?
IFX doesn’t have specific trading sessions since the Forex market operates 24/5.
The trading hours for specific CFDs will depend on the underlying market they track. For instance, CFDs on a US stock index will follow the trading hours of that US stock exchange.
Do IFX brokers host webinars?
Unfortunately, IFX Brokers doesn’t explicitly advertise webinars on their website,
However, they offer educational resources, including articles, seminars, and videos.
Does IFX offer rollover in Forex trading?
IFX most likely offers rollovers in Forex trading. This is because rollovers are a standard feature in Forex trading, not something a specific broker can choose to provide. They’re an inherent part of holding positions beyond the standard settlement time.
Do IFX brokers have a signup bonus for South African accounts?
IFX Brokers offers a sign-up bonus for opening a standard account and depositing funds in ZAR.
Is the Dollar / Rand currency pair available to trade on the IFX ZAR account?
Traders can speculate on the price movements of the USD/ZAR pair by buying or selling it through the CFDs on the pair.
Does IFX offer rebates?
IFX operates under a Referral Fee Policy that ensures fair and transparent payment procedures for rebate payments.
Their website doesn’t mention rebates for regular trading accounts. Their focus seems to be on partner rebates for referring new clients.
Can I trade with IFX on the following shares: Nedbank, Naspers, and Anglo America?
No, you cannot directly trade shares of Nedbank, Naspers, or Anglo American on the Johannesburg Stock Exchange (JSE) through IFX Brokers.
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