IFX Brokers Review

Category: Reviews | Author: Trading Brokers | Date: May 9, 2024

IFX Brokers is a South African-based online trading broker that offers its clients access to more than 200 instruments across six asset classes, including forex, shares, commodities, cryptocurrencies, ETFs, and indices. IFX Brokers is regulated by the Financial Sector Conduct Authority and provides its clients with the MetaTrader 4 and MetaTrader 5 platforms, as well as various account types and funding options. In this article, we will review IFX Brokers in detail and evaluate its regulation, platforms and tools, education, markets, accounts, and funding. Our aim is to help you decide whether IFX Brokers is the right broker for you.

Pros & Cons

  • Regulated by the FSCA Offers MT4 and MT5 platforms
  • Offers different account types and funding options
  • Covers the transaction fees on all deposits Provides a variety of instruments and markets
  • Supports ZAR as a base currency
  • Charges a commission for VIP accounts
  • Withdrawals can take up to 5 working days for international clients
  • Does not accept third-party payments
  • Charges a fee for wire transfers


IFX Brokers Review

IFX Brokers

IFX Brokers, an online trading brokerage established in 2017 and headquartered in South Africa, extends its services to clients worldwide. This broker is under the regulatory oversight of the Financial Sector Conduct Authority, ensuring compliance and security for its clientele. IFX Brokers offers a diverse array of over 200 tradable instruments across multiple markets, encompassing forex, stocks, commodities, cryptocurrencies, ETFs, and indices. Utilizing the renowned MetaTrader 4 and MetaTrader 5 platforms, IFX Brokers equips traders with powerful tools for their trading endeavours. With a commitment to versatility, the broker provides various account types and funding options, catering to the unique needs and preferences of its clients. Impressively, IFX Brokers boasts of its dedication to transparency, client satisfaction, and the delivery of exceptional service.

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In the case of IFX Brokers, you can rest assured that your trading endeavors are safeguarded by the watchful eye of the Financial Sector Conduct Authority (FSCA), the primary regulatory authority overseeing financial services providers in South Africa. With an FSCA license bearing the distinguished number FSP 48021, IFX Brokers is compelled to adhere to a comprehensive array of FSCA-mandated requisites, encompassing stringent criteria related to capital adequacy, risk management, anti-money laundering protocols, client protection measures, and the commitment to fair and equitable treatment of its clientele. Notably, IFX Brokers goes the extra mile by diligently segregating clients’ funds within specially designated bank accounts, completely distinct from the broker’s own assets. Furthermore, the provision of negative balance protection ensures that clients cannot incur losses surpassing their initial deposits. In essence, this robust regulatory framework underscores IFX Brokers’ unwavering dedication to maintaining the highest standards of operational transparency and client security.

Platforms & Tools

When it comes to accessing the financial markets, executing trades with precision, and conducting comprehensive market analysis, IFX Brokers stands as an exemplary choice. This broker provides its valued clients with access to two of the most esteemed and influential trading platforms available in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

MT4 & MT5 Platforms

MT4 & MT5 Platforms

These platforms offer unparalleled versatility, accommodating traders on desktop, web, and mobile devices, while extending support in multiple languages. The feature-rich environment includes a multitude of charting tools, diverse order types, and an extensive range of indicators to empower traders with comprehensive insights. MT4, known for its user-friendly interface, is especially suitable for beginners and forex traders. Meanwhile, its successor, MT5, elevates the trading experience with added capabilities, including the ability to trade futures and stocks, a broader array of timeframes, an integrated economic calendar, and a powerful built-in programming language.

With IFX Brokers, traders gain access to an expansive selection of over 200 instruments across six asset classes, encompassing forex, shares, commodities, cryptocurrencies, ETFs, and indices. Furthermore, a comprehensive suite of tools, including an economic calendar, trading hours information, and detailed instrument specifications, ensures that traders have everything they need at their fingertips to make informed decisions and execute successful trades.


In the dynamic world of trading, continuous learning is paramount, and IFX Brokers understands this crucial aspect. To equip its clients with the knowledge and skills needed for success, the broker offers a wealth of educational resources. Traders can access a wide array of materials, including engaging webinars, informative articles, enlightening videos, and insightful ebooks. These resources delve into an extensive range of topics, spanning from foundational concepts of forex to the intricacies of technical and fundamental analysis.

Furthermore, IFX Brokers presents an enticing opportunity for its clients to become Introducing Brokers (IB). As an IB, individuals can introduce new customers to IFX Brokers and receive a commission in return. To support these agents effectively, IFX Brokers provides comprehensive training, essential marketing tools, detailed reports, and attractive commissions. Additionally, clients benefit from myiFXPartners, a platform that empowers them to monitor and evaluate their trading performance, commissions, and profits with precision. Through these educational avenues and tools, IFX Brokers ensures that traders have the resources they need to enhance their trading journey and achieve their financial goals.


IFX Brokers opens up a world of trading possibilities across various asset classes, ensuring its clients have access to a diverse range of markets. With a selection of more than 200 instruments spanning six distinct asset categories, traders can tailor their portfolios to suit their preferences and strategies. The forex market, renowned as the world’s largest and most liquid, beckons with 27 currency pairs, boasting competitive spreads and advantageous leverage.

Shares, granting ownership stakes in prominent companies, become a lucrative avenue with over 100 options available across international markets. Commodity enthusiasts find their haven with 15 choices, encompassing precious metals, energy sources, and agricultural products. The cryptocurrency realm, powered by blockchain technology, beckons with 10 digital currencies and the allure of low spreads and generous leverage. Exchange-traded funds (ETFs), tracking baskets of assets, present a versatile investment avenue with 20 diverse offerings across sectors and regions.

Indices, representing the collective performance of select stocks, become opportunities with 15 choices from major and minor markets. Irrespective of the chosen market, IFX Brokers delivers competitive spreads, accommodating leverage, and efficient execution. With this extensive array of trading options, IFX Brokers empowers traders to craft strategies aligned with their financial goals and risk profiles.


IFX Brokers recognizes the importance of catering to individual trading preferences and needs. To accommodate a wide spectrum of traders, we offer a comprehensive suite of six distinct account types, each thoughtfully designed to match diverse trading styles and levels of expertise:

  • Standard Account: Ideal for beginners and those looking for a low entry point, the Standard Account boasts a minimum deposit of just $10 USD. This account type supports both the MT4 and MT5 platforms, providing access to the full range of available instruments. With a minimum lot size of 0.01 lots, a maximum leverage of 1:500, and an average spread of 1.3 pips, it caters to a broad audience. Importantly, it does not levy any commission or hidden costs.
  • Premium Account: Similar to the Standard Account, the Premium Account caters to those seeking a more feature-rich experience. However, it foregoes trading bonuses and requires a slightly higher minimum deposit of $250 USD. Offering a lower average spread of 1 pip and a margin call level of 60%, it appeals to traders looking for enhanced trading conditions.
  • VIP Account: Designed for seasoned traders or professionals, the VIP Account delivers raw spreads, and competitive commissions, and mandates a minimum deposit of $1000 USD. With an average spread as low as 0.5 pips and a commission of $6 per lot, it offers an elite trading environment. Additionally, it features a margin call level of 40% and a stop-out level of 10%.
  • Islamic Account: In strict adherence to Islamic Sharia law, our Islamic Account ensures that no interest or fees are incurred on positions held overnight or over weekends. It mirrors the Standard Account in every aspect, except for the absence of swap charges.
  • Cent Account: Designed to mitigate risk, the Cent Account allows traders to engage with real funds at a reduced scale. Exclusive to the MT5 platform and available only in USD as the base currency, it boasts a minimum lot size of 0.01 lots, a maximum leverage of 1:1000, and an average spread of 1.6 pips. It does not impose any commission or hidden costs.
  • Demo Account: For those honing their skills or testing strategies, the Demo Account provides a risk-free environment with unlimited validity. Compatible with both the MT4 and MT5 platforms, it offers access to the full spectrum of instruments and can be opened free of charge.

Across all these accounts, IFX Brokers ensures competitive spreads, accommodating leverage, and efficient execution, making it a versatile choice for traders at every level of expertise.


Funding your trading account is a crucial aspect of your trading journey, and IFX Brokers offers a range of convenient options to facilitate this process. Clients can choose from various funding methods, including OZOW, PAYFAST, MasterCard, Visa, Wire Transfer, Skrill, Neteller, and even Digital Currencies. The noteworthy advantage for clients is that IFX Brokers covers transaction fees on all deposits and does not impose any fees on withdrawals.

It’s essential to note that IFX Brokers adheres to strict security measures; hence, it does not accept third-party payments and allows withdrawals only to the bank account linked to your trading account. Additionally, you can fund your account in different currencies, including ZAR, USD, GBP, and EUR, providing flexibility for your financial preferences. For your convenience, deposits through most payment methods are processed instantly, ensuring you can swiftly enter the markets. However, wire transfers may take up to 48 business hours to process.

When it comes to withdrawals, IFX Brokers typically process them during working hours (Monday – Friday, 7-5). South African clients can expect their withdrawals to be processed within 2-4 hours, while international clients may experience a processing time of up to 5 working days. This dedication to efficient funding procedures adds to the appeal of IFX Brokers for traders seeking a hassle-free experience.


In conclusion, IFX Brokers emerges as a dynamic and client-focused trading broker, offering a comprehensive suite of services to cater to traders of all backgrounds and preferences. Regulated by the Financial Sector Conduct Authority (FSCA), it instills trust and reliability in its operations.

With access to more than 200 instruments across various asset classes, including forex, shares, commodities, cryptocurrencies, ETFs, and indices, IFX Brokers ensures diversity in trading opportunities. Their range of account types, from Standard to VIP and even an Islamic option, caters to traders at every level, making trading accessible to all. Furthermore, the choice of MetaTrader 4 and MetaTrader 5 platforms, coupled with educational resources, empowers traders to enhance their skills and strategies. Funding your account is a seamless process with multiple options and minimal fees, while swift withdrawals underscore their commitment to client convenience.

IFX Brokers is undoubtedly a promising destination for traders seeking a well-regulated, versatile, and trader-centric brokerage experience. However, it’s worth noting that while IFX Brokers offers strong features, there are other IFX Brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

IFX Brokers


IFX Brokers is a South African-based online trading broker that offers its clients access to more than 200 instruments across six asset classes. IFX Brokers is regulated by the Financial Sector Conduct Authority and provides its clients with the MetaTrader 4 and MetaTrader 5 platforms, as well as various account types and funding options.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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