All Share (J203) = 89 062
Rand / Dollar = 18.41
Rand / Pound = 23.22
Rand / Euro = 19.24
Gold (usd/oz) = 2 927.95
Platinum (usd/oz) = 986.80
Brent (usd/barrel) = 75.92
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

IFX Brokers Review

IFX Review
 

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
🎉Bonus50% First Time Deposit Bonus
🗺️ Country of regulationSouth Africa
🔥Live support✅ Yes
📱 MetaTrader 4 (MT4)✅ Yes
📱 MetaTrader 5 (MT5)✅ Yes
📊Trading Islamic Account✅ Yes
🎮 Cent accounts✅ Yes
✨VPS✅ Yes
📈 SpreadsStarting from 0.5
📉 Leverage 1:500
🤑Affiliate Program✅ Yes
💰 Withdrawal fee amountNone
🚀 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

  1. ☑️IFX Brokers Overview
  2. ☑️Types Accounts
  3. ☑️IFX Live Trading Account Comparison
  4. ☑️How to Open an Account – Step-by-Step Guide
  5. ☑️Sign-Up Bonus
  6. ☑️Minimum Deposit
  7. ☑️Trading Platforms
  8. ☑️Fees, Spreads, and Commission
  9. ☑️Deposit and Withdrawals
  10. ☑️Best Countries by Traders
  11. ☑️IFX Brokers vs. IQ Option vs. Interactive Brokers – A Comparison
  12. ☑️IFX Brokers Customer Reviews
  13. ☑️Brokers Pros and Cons
  14. ☑️Conclusion
  15. ☑️Frequently Asked Questions

IFX Top Banner

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 Landing Page

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.

IFX Account 1

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.

💻 PlatformMT4 & MT5
📊 Range of MarketsAll Instruments
💰 Minimum Deposit $10 USD / R160 ZAR
🎉 Sign-Up Bonus✔️ Yes
📈 LeverageUp to 1:500
🚀 Open an Account👉 Click Here

IFX Standard Account

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.

💻 PlatformMT4 & MT5
📊 Range of MarketsAll Instruments
💰 Minimum Deposit $250 USD / R3800 ZAR
🎉 Sign-Up Bonus❌ No
📈 LeverageUp to 1:500
🚀 Open an Account👉 Click Here

IFX Premium Account

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.

💻 PlatformMT4 & MT5
📊 Range of MarketsAll Instruments
💰 Minimum Deposit $1000 USD / R15,050 ZAR
🎉 Sign-Up Bonus❌ No
📈 LeverageUp to 1:500
🚀 Open an Account👉 Click Here

IFX VIP Account

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.

💻 PlatformMT4 & MT5
📊 Range of MarketsAll Instruments
💰 Minimum Deposit $10 USD / R160 ZAR
🎉 Sign-Up Bonus✔️ Yes
📈 LeverageUp to 1:500
🚀 Open an Account👉 Click Here

IFX Islamic Account

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.

💻 PlatformMT5
📊 Range of MarketsAll Instruments
💰 Minimum Deposit $10 USD / R160 ZAR
🎉 Sign-Up Bonus✔️ Yes
📈 LeverageUp to 1:500
🚀 Open an Account👉 Click Here

IFX Cent Account

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.

IFX Demo Account 1

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.

IFX Demo Account 2

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.

IFX Demo Account 3

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
📈 PlatformMT4 & MT5MT4 & MT5MT4 & MT5
📉 Range of MarketsAll InstrumentsAll InstrumentsAll Instruments
💰 Minimum Deposit$10 USD / R160 ZAR$250 USD / R3800 ZAR$1000 USD / R15,050 ZAR
🎉 Bonus ✔️ Yes❌ No❌ No
📊 LeverageUp to 1:500Up to 1:500Up to 1:500
📈 Volatility Index✔️ Yes✔️ Yes✔️ Yes
📉 Min. Trade Size0.01 lots0.01 lots0.01 lots
📌 Spreads from1.3 pips1 pips0.5 pips
💳 CommissionNoneNone📌 USD 6
🔁 Swap Fees✔️ Yes✔️ Yes✔️ Yes
✅ Margin Call506040
🛑 Stop Out302010
💵 Base CurrenciesZAR/USD/GBP/EURZAR/USD/GBP/EURZAR/USD/GBP/EUR
📈 Order ExecutionMarket ExecutionMarket ExecutionMarket Execution
📉 One Click Trading✔️ Yes✔️ Yes✔️ Yes
🚀 Open an Account👉 Click Here👉 Click Here👉 Click Here

IFX Accounts

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

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.

IFX Landing Page 2

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.

IFX Account Step 1

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.

IFX Account Step 2

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 Account Step 3

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.

IFX Sign-Up Bonus

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

IFX Minimum Deposit

Trading Platforms

IFX Brokers offers traders both MetaTrader trading Platforms. MetaTrader 4 and 5 are available across all accounts except Demo and Cent.

IFX Trading Platform 1

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 Trading Platform 2

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 Trading Platform 3

IFX MT4 vs IFX MT5

🔎 Platform🥇 MetaTrader 5🥈 MetaTrader 4
📈 Partial Order Filling Policies✔️ Yes❌ No
📉 Pending Order Types64
📊 Depth of Market✔️ Yes❌ No
⚙️ Technical Indicators3830
📌 Graphical Objects4431
🔁 Time Frames219

IFX Platform Compare 1 IFX Platform Compare 2 IFX Platform Compare 3 IFX Platform Compare 4 IFX Platform Compare 5 IFX Platform Compare 6 IFX Platform Compare 7

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 Fees and Spreads

IFX Deposit and Withdrawals

This Broker offers instant deposits and fast withdrawals with various funding options. Deposits are free of cost.

IFX Deposit and Withdrawal

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
🥇 OZOWZARNoneInstant
🥈 PayFastZARNoneInstant
🥉 MasterCardZARNoneInstant
🏅 VisaZARNoneInstant
Wire TransferZAR📌 2.5%📌 24/48 Business Hours
Skrill📌 USD/ZARNoneInstant
Neteller📌 USD/ZARNoneInstant

IFX Deposit

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.

IFX Withdrawals

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 Affiliate Program

IFX Best Countries by Traders

🌎 Country of Trade📌 % of Traders
🥇 South Africa83.46
🥈 Namibia9.65
🥉 Cyprus1.50
Turkey0.97

IFX Brokers Countries

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
📝 RegulationFSCACySECASIC
📌 Total Pairs2002557
☪️ Islamic AccountYesYesYes
💵 Trading Fees LowLowN/A
🆓 Demo AccountYesYesYes
🚀 Open an Account👉 Click Here👉 Click Here👉 Click Here

IFX Comparison

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

IG 5 Star Review

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

IG 4 Star Review

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.

IG 3 Star Review

IFX Customer Reviews

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.

IFX Trend 1

IFX Trend 2

Pros and Cons

✔️ Pros❌ Cons
MT4 & MT5 trading platforms1:500 leverage
Educational resourcesNo USA clients
A range of useful trading toolsNo FIX API trading
4 Account types to choose from
Sophisticated Ticket support system
200+ Instruments
Competitive Spreads

IFX Pros and Cons

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.

IFX Conclusion

 

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

July 13, 2024

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.

Michelle ford

Response from SA Shares

Thank you so much for your Review .

Very good service

July 9, 2024

Exceptional customer service is a recurring theme. IFX’s team is lauded for their responsiveness and helpfulness, ensuring a smooth trading experience.

Andile

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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4.5/5 - (50 votes)

Table of Contents

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

July 10, 2024

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

Accordion Content

🏆 Top 4 Brokers

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$100

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55+

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$1

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240+

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$100

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70+

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$0

Pairs Offered

50+

AvaTrade-Logo

Account Minimum

$15

Exclusive to SAShares Clients

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$1

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$100

Account Minimum

$0