IfineFX is a retail trading broker that allows clients to buy and sell over 250 trading instruments across different asset classes, including forex, commodities, stocks, indices, and cryptocurrencies. The broker is focused on clients’ satisfaction and offers rapid market execution, secure transactions, reasonable spreads, flexible leverage of up to 1:400, negative balance protection, a range of account types, and more.
IfineFX Review, Pros & Cons
- Advanced trading platforms
- Educational resources & trading tools
- Multiple trading account options
- Variety of deposit & withdrawal methods
- 24/5 customer support
- Broker is not regulated
- Minimum $200 deposit
- Not the tightest spreads
- No USA clients
In this detailed IfineFX review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
IfineFX is an online financial services provider that is focused on providing their clients in across the globe with access to trade various financial instruments. Trades are carried out on the MetaTrader 4 (MT4) trading platform, which is available in desktop, web, and mobile versions. There are trading tools, learning resources, and a 24/5 customer support team available to assist traders. Traders benefit from several trading conditions to help them get the most out of their trades.
There is no regulatory information on the broker’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
IfineFX does not accept applications from residents of the U.S.A, Japan, New Zealand, or any country or jurisdiction where such distribution or use would be contrary to local laws or regulations.
Some IfineFX features and products mentioned within this IfineFX review may not be available to traders from certain countries because of legal restrictions.
Traders are provided with the MT4 trading platform. MT4 was developed in 2005 by the Russian software company known as MetaQuotes. It is a fully customisable platform, which allows you to trade how you want. The platform is widely used by most forex and CFD traders because of its user interface that is intuitive yet packed with complex trading capabilities to suit experienced traders.
MT4 features market charts, management tools, graphic applications, and expert advisors (EAs) for the automation of trades. The broker makes the MT4 trading platform available as a desktop application for Windows and Mac computers, WebTrader, and a mobile trading app that is designed for Android and iOS devices.
Apart from the MT4 platform, clients can also trade on the IfineFX WebTrader, the broker’s proprietary trading platform that is available in the web version. It has a user-friendly interface and comes loaded with various useful trading tools for an enhanced trading experience.
IfineFX Trading Tools
In addition to the tools that were built into the MT4 trading platform, the broker provides traders with some standalone trading tools to ensure a hitch-free trading process. These include multiple charts, technical indicators, analytical tools, and an economic calendar.
There are various learning materials on the broker’s website. They include trading articles, market news, and an FAQ section that answers some of the common questions that traders may have.
IfineFX offers the following financial instruments: forex, commodities, stocks, indices, and cryptocurrencies.
IfineFX Accounts & Fees
The following trading account options are available at IfineFX: I-Classic ($200), I-Islamic ($500), I-Premium ($5,000), I-Pro ($10,000), and I-Raw (25,000) Accounts.
As broker fees can vary and change, there may be additional fees that are not listed in this IfineFX review. It is imperative to ensure that you check and understand all of the latest information before you open an IfineFX broker account for online trading.
The broker’s customer support team is available 24/5 to respond to all your trading inquiries, and you can reach them via telephone, email, online contact form, and social media.
IfineFX Deposit & Withdrawal
IfineFX accepts a variety of payment methods for both account deposit and withdrawal requests: all major credit/debit cards (Visa, MasterCard, Maestro), wire transfers, and alternative payment methods, such as WebMoney, Skrill, Neteller, and more.
IfineFX Account Opening
To open a trading broker account, click on the ‘Registration’ button on the home page of the broker’s website, complete the online registration, and then submit your KYC documents.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
IfineFX is a retail broker that makes it possible to trade multiple financial instruments from a single account. They provide traders with advanced trading platforms, useful trading tools, educational resources, and 24/5 customer support. Clients get access to multiple account options, various payment methods, competitive spreads, and flexible leverage. However, there is no regulatory information on the broker’s website at the moment which may be a red flag for potential users.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.