IFX Brokers Review
Operating from South Africa, IFX Brokers is an online trading broker that is built on the core values of commitment, transparency, and trust. The broker facilitates one-stop trading and investing experience for private and institutional clients, providing them with the highly advanced MetaTrader 4 trading platform for online trading of multiple financial instruments, including forex, indices, commodities, energies, metals, futures, and more.
IFX Brokers Review, Pros & Cons
- MT4 trading platforms
- Educational resources
- A range of useful trading tools
- Multiple financial instruments
- No USA clients
- Not the tightest spreads
- No MT5 trading platforms
- No FIX API trading
- No live chat support
In this detailed IFX Brokers 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.
IFX Brokers Overview
IFX Brokers is a regulated retail broker that is based in Sandton, South Africa. The broker offers competitive trading services through state-of-the-art trading platforms with top-tier liquidity and reasonable spreads. There are multiple account options with a minimum deposit requirement of $100 and spreads starting from 0.8 pips.
IFX Brokers Regulation
IFX Brokers is a trading name of IFX Brokers Holdings (Pty) Ltd (Registration No. 2017/027249/07). Their distribution and market conduct is regulated by the Financial Sector Conduct Authority (Authorized Financial Services Provider number 48021). The issuance of CFD’s is regulated by The Financial Markets Act, 2012.
IFX Brokers Countries
The broker allows traders from different parts of the world to open a trading account with them if their countries of residence permit online trading with international brokers.
Some IFX Broker’s features and products mentioned within this IFX Brokers review may not be available to traders from certain countries because of legal restrictions.
IFX Brokers Platforms
MT4 Trading Platform
The broker provides traders with the MetaTrader 4 trading platform, which has remained one of the most advanced and popular trading platforms to date. The platform offers a convenient method of trading multiple assets, and it has a multilingual interface. MT4 provides comprehensive analysis tools and allows for multiple chart setups. The platform has a range of useful features and capabilities, such as one-click executions, stop and limit orders, technical indicators, live analytics, and many more. It is available as a desktop application for Windows and Mac computers, a WebTrader, and a mobile app that is designed for Android and iOS devices.
IFX Brokers Trading Tools
Clients are provided with almost unlimited VPS (Virtual Private Server) service, which enables them to run automated algorithmic strategies and access expert advisors 24/7 on a virtual machine, amongst other trading tools.
IFX Brokers Education
Clients are provided with a vast array of educational resources on the broker’s website. They include the Trading Academy that consists of interesting articles and guides, as well as the Information Center that provides answers to common trading questions.
IFX Brokers Instruments
IFX brokers allows traders to trade a wide range of financial assets, such as forex, indices, commodities, energies, metals, futures, and more.
IFX Brokers Accounts & Fees
IFX Brokers offers a variety of different trading account types, that are specifically designed to meet the needs and demands of all types of traders. They include the IFX Standard, IFX Raw, and IFX Islamic Accounts. Each of the accounts allows its users to trade all the available instruments on the MT4 platform with trade sizes ranging from 0.01 to 100 lots. There are also demo accounts that are used for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this IFX Brokers review. It is imperative to ensure that you check and understand all of the latest information before you open an IFX Brokers account for online trading.
IFX Brokers Support
IFX Brokers provides traders with a professional customer support team that can be contacted via telephone, email, fax, online form, and social media.
IFX Brokers Deposit & Withdrawal
Deposits and withdrawals at IFX Brokers can be done through any of the following payment methods:
- Bank transfer
- Credit/Debit cards
- Online payment processors, such as Neteller and Skrill.
IFX Brokers Account Opening
Opening a trading account requires potential traders to click on the Open Live Account tab and fill out the form properly and submit.
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 to them.
IFX Brokers Summary
Overall, IFX Brokers is an online trading broker that provides traders with the MT4 trading platform for trading multiple financial assets. Traders benefit from a range of trading tools and educational resources, and there are multiple account options.
Contracts for Difference (CFDs) are intricate financial products traded on margin with elevated risk levels. Please be aware that you could lose all of or more than your invested capital. It is important to consider the risks associated with CFDs, your objectives, and your trading experience, and to determine whether trading in these products is appropriate for your financial situation.