Headquartered in Sandton, South Africa, IFX Brokers is an online trading broker that is built on the core values of commitment, transparency, and trust. They provide private and institutional clients with the MT4 trading platform for trading forex, indices, commodities, energies, metals, futures, and other trading instruments. Clients also get access to trading and learning tools, while there is a responsive client support team to assist them at every point. There are multiple account options with a minimum deposit requirement of $100 and low spreads starting from 0.8 pips.
IFX Brokers Review Introduction
In this IFX Brokers review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including IFX Brokers.
IFX Brokers Platforms & Tools
Traders get to trade the various available financial assets using the MetaTrader 4 trading platform. It is an advanced trading platform that was developed in 2005 by the Russian software company, MetaQuotes. The platform is designed to suit traders of all levels, having an interface that is user-friendly yet packed with several advanced trading functionalities, such as one-click executions, stop and limit orders, technical indicators, live analytics, and support for automated trading using expert advisors. The MT4 trading platform is available as a desktop application for Windows and Mac computers and a mobile app for Android and iOS devices. There is also a web version that can run directly on most modern web browsers, such as Chrome, Safari, Firefox, and Edge.
The broker provides the Virtual Private Server (VPS) service that allows traders to run automated algorithmic strategies all-round-the-clock.
IFX Brokers Research & Education
The broker’s website contains some educational resources that help to improve clients’ trading knowledge whilst keeping them informed on the factors that move the financial markets. Some of those resources are in the Trading Academy section of the website and include guides and articles. There is also the Information Center that provides answers to common trading questions.
IFX Brokers Trading Accounts
The following trading account types are available to IFX Brokers clients: IFX Standard, IFX Raw, and IFX Islamic Accounts. The accounts are designed to meet the individual trading needs of different clients. Demo accounts are also provided for practice purposes.
IFX Brokers Account Funding
Clients’ deposit and withdrawal requests are processed using any of the following payment methods: bank transfer, credit/debit cards, e-payments, such as Neteller and Skrill.
IFX Brokers Customer Service
The broker’s client support team is always available to respond to clients’ trading inquiries, and they can be reached through the following contact channels: telephone, email, fax, online form, and social media.
IFX Brokers Regulation
IFX Brokers is owned and operated by IFX Brokers Holdings (Pty) Limited with the registration number 2017/027249/07. Their distribution and market conduct is regulated by the Financial Sector Conduct of South Africa and has the license number, 48021 under the Financial Markets Acts, 2012.
IFX Brokers Review Summary
IFX Brokers is an online forex and CFD broker that provides traders with the MetaTrader 4 trading platform for trading multiple financial instruments. Traders also benefit from trading tools and educational resources, and there is a client support team to assist at all times. There are several trading account options to choose from.
It is worth mentioning that some of the trading products and services in this IFX Brokers review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the IFX Brokers broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.