IFX Brokers 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.

🛡️ Regulated and trusted by the FSCA.
🛡️ 3245 new traders chose this broker in the last 90 days.
🛡️ Available for South African Traders 🇿🇦

Overall Rating

• 4.5/5

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OPEN AN ACCOUNT

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 – Key Points Quick Overview

1. 🕸️IFX Brokers Spider chart
2. 💡IFX Brokers at a Glance
3. 📖Overview
4. ✨Featured Offered
5. ⭐️IFX Brokers Customer Reviews and Ratings
6. 🛡️Safety and Security
7. 👥IFX Brokers Types Accounts
8. 🔑How to Open an IFX Brokers Account – Step-by-Step Guide
9. 🎁IFX Brokers Sign-Up Bonus
10. 💳IFX Brokers Minimum Deposit
11. 💻IFX Brokers Trading Platforms
12. 📲Mobile Use of IFX Brokers
13. 💴IFX Brokers Deposit and Withdrawals
14. 💰Fees, Spreads, and Commission
15. 📚Education and Research
16. 📘Forex Trading Guides
17. ⚖️Compare Forex Brokers
18. 🗣️Customers Reviews
19. 🛎️Customer Support
20. ⚡Pros and Cons
21. ✅Conclusion
22. ❓Frequently Asked Questions
23. 🔗References

IFX Brokers Spider Chart

IFX Brokers maps each criterion to a value on a scale from 0 to 10. The requirements and their corresponding scores are as follows:

1. Spreads & Fees (1-10)
2. Trading Platforms (1-10)
3. Regulation & Security (1-10)
4. Leverage Options (1-10)
5. Customer Support (1-10)
6. Deposit & Withdrawal Options (1-10)
7. Asset Variety (1-10)

IFX Brokers at a Glance

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.

Featured Offered

IFX Brokers presents different competitive features that cater to experienced traders as well as newcomers to the market.

Through its trading platform, IFX Brokers enables users to select from multiple trade instruments which consist of foreign exchange, stocks, commodities, and indices alongside digital currencies.

By providing real-time market data as well as advanced charting and instant order execution IFX Brokers creates completely smooth trading conditions.

User data protection relies on two-factor authentication (2FA) and encryption protocols that the platform implements for security purposes.

Different investors benefit from selecting among Standard, Pro, ECN, and Islamic account types provided by IFX Brokers.

The well-rounded trading platform IFX Brokers offers 24/5 customer support together with educational resources and an intuitive mobile application.

IFX Brokers Customer Reviews

Valued customers of IFX Brokers provide a contradictory set of opinions that show both favorable and unfavorable reactions to their service.

Customers value the broker’s interface simplicity as well as their competitive prices combined with multiple account choices.

Many highlight the ease of account setup and the availability of various trading instruments. Negative feedback from clients involves issues with withdrawal periods as well as inadequate support response times.

Although the broker builds a positive reputation there are indications from user feedback on Trustpilot that service speeds and transparency need better development.

Research into brokers must become extensive since any potential trader should conduct it before funding an account.

Customer Ratings

Safety and Security

The top priority at IFX Brokers involves safety through rigorous regulatory compliance and strong encryption standards that defend client money and information.

The broker operates under the Financial Sector Conduct Authority (FSCA) South African regulation to fulfill industry requirements.

The broker implements separate protected accounts for client funds to enhance their financial protection.

All essential security precautions exist at IFX Brokers but traders must perform their own security inspections independently.

Users benefit from a secure platform that the broker operates throughout its trading operations.

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.

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.

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.

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.

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.

IFX Raw Account

The Raw Account from IFX Brokers provides tight spreads along with direct market access to traders who need raw spreads.

The raw spreads featured in this account structure normally deliver prices that are below standard account rates since traders only need to pay trade commissions.

High-frequency traders together with those who want minimal trade markup benefit from this account.

Traders must understand the commission system and be prepared to deposit more capital at the beginning when they use the Raw 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.

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.

How to Open an IFX Account – Step-by-Step Guide

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.

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.

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.

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.

Overall Rating

• 4.5/5

Read Review

OPEN AN ACCOUNT

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 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

Mobile Use of IFX Brokers

Users of IFX Brokers gain access to a highly functional mobile trading solution through their Android and iOS platform-compatible applications.

Users can perform similar functions on their mobile devices that they could do on the desktop version by utilizing the app’s essential platform features.

Nevertheless, users have noticed occasional bugs in the mobile application when trading volumes reach their highest points.

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.

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.

Overall Rating

• 4.5/5

Read Review

OPEN AN ACCOUNT

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

Education and Research

The educational resources at IFX Brokers exist to assist beginners through experienced traders in their trading journey.

Users can access webinars view video tutorials and read articles based on fundamental and technical analysis trading strategies and platform operation through the platform.

The educational materials at IFX Brokers provide useful information but traders at an advanced level would prefer additional detailed content.

The educational resources on IFX Brokers suit beginners in trading but proficient traders will probably have to explore alternative learning platforms for their specialized needs.

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.

Forex Trading Guides

At IFX Brokers users can access Forex trading guides that explain essential concepts combined with trading strategies as well as market analysis methods.

These guides provide information on risk control as well as technical studies and fundamental examination and trader mental stamina therefore helping traders of all ability levels.

The content structure assists beginner and intermediate traders to understand practical market insights about Forex trading smoothly.

The information from guides proves helpful for new traders although expert traders can find it elementary and require additional specialist material for their development.

The Forex trading guides provided by IFX Brokers function as an excellent base of information for anyone who wants to improve their trading abilities.

Compare Forex Brokers – IFX Brokers vs. IQ Option vs. XM

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 had a demo account available. Unfortunately, downloads and more complications followed. – Trisha.

Overall Rating

• 4.5/5

Read Review

OPEN AN ACCOUNT

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 Support

Traders of IFX Brokers can reach support representatives across various channels which include phone calls together with live chat and emails.

Users report that IFX Brokers provides fast responses together with helpful assistance, particularly for questions related to accounts or technical difficulties.

Users want 24/7 customer support from IFX Brokers despite the existing support hours during market operation times.

The customer support services at IFX Brokers fulfill their responsibility to deliver timely help to traders when they need it.

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.

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

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.

References

IFX FSCA