General Information
IFX Brokers, Under The Trade Name IFX Brokers Holdings (Pty) Ltd, Is Said To Be A Multi-asset Broker Registered In South Africa, Claiming To Offer Its Clients A Wide Range Of Tradable Financial Instruments On The MT4 And MT5 Trading Platforms Through 5 Different Real Account Types, With Leverage Up To 1:1000 And Floating Spreads Starting From 0.5 Pips.
As For Regulation, It Has Been Verified That IFX Brokers Holds A Beyond The Financial Sector Conduct Authority - FSCA License.
Market Tools
IFX Brokers Offers Investors More Than 200 Financial Instruments, Including Forex, Indices, Commodities And Stocks.
Account Types
IFX Brokers Offers A Total Of Five Trading Accounts, Namely Standard, Premium, VIP, Cent And Islamic. Minimum Deposit Requirements Range From $10 To $1,000 Depending On The Account Type. For The Basic Option, Standard, Cent And Islamic Require A Minimum Of $10 To Open An Account, Which Is Quite Reasonable For Most Average Traders.
Leverage
The Maximum Trading Leverage Offered By IFX Brokers Is 1:500, With Higher Leverage For Cent Accounts Up To 1:1000. Such High Leverage Is Not Recommended For Inexperienced Traders In High Risk Situations.
Spreads & Commissions
All Spreads At IFX Brokers Are Of A Floating Type And Scale According To The Account Offered. Spreads Start From 1.3 Pips For Standard And Cent Accounts, 1 Pip For Premium Accounts, 0.5 Pips For Vip Accounts, And 1.6 Pips For Islamic Accounts.
As For Commissions, VIP Account Holders Are Required To Pay A $6 Commission, While There Is No Commission For Other Account Types.
Trading Platform
IFX Brokers Offers Traders The Most Popular And Advanced Mt4 And Mt5 Trading Platforms. They Are The Ideal Forex Trading Platform, Offering Traders A Diverse Range Of Trading Assets And A Multilingual Trading Interface. They Offer Comprehensive Analytical Tools, Allow Multiple Chart Settings, Support One-click Execution, Stop Loss And Limit Orders, And Are Available For Desktop, Iphone/ipad And Android.
Deposits And Withdrawals
IFX Brokers Supports Traders To Deposit And Withdraw Funds From Their Investment Accounts Via Ozow, Payfast, Mastercard, Visa, Telegraphic Transfer, Skrill, Neteller And Digital Currencies. The Minimum Initial Deposit Requirement Is Only $10.
Withdrawals Are Processed During Business Hours (Monday To Friday 7-5). Withdrawals From South African Clients Are Typically Processed Within 2-4 Hours. Please Note That Withdrawals From International Clients Are Processed Immediately, But May Take Up To 5 Business Days To Reach Your Bank Account.
Bonuses
IFX Brokers Claims To Offer Certain Bonuses On Standard, Cent, And Islamic Accounts. In Any Case, You Should Be Very Cautious If You Receive A Bonus. Bonuses Are Not Client Funds, But Company Funds, And Meeting The Onerous Requirements That Are Usually Attached To Bonuses Can Be A Very Daunting And Daunting Task. Please Note That Brokers Are Prohibited From Using Bonuses And Promotions By All Major Regulators.
Customer Support
IFX Brokers Can Be Contacted By Phone At: + 27 879447273, Email: Support@ifxbrokers.com. You Can Also Follow The Broker On Social Networks Like Twitter And Facebook. Company Address: 79 Da Gama Road, Jeffreys Bay, South Africa.
