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Broker Reviews

IFX Brokers

Tradomatix TrustScore™:

1.47

(45 Reviews)
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5-star

11.11%

4-star

0.00%

3-star

0.00%

2-star

2.22%

1-star

86.67%

About IFX Brokers

IFX Brokers offers online trading across forex, commodities, indices, shares and cryptocurrencies via its MetaTrader 4 and MetaTrader 5 platforms and serves clients through its South African-based operations under the brand.

IFX Brokers is regulated in South Africa by the Financial Sector Conduct Authority (FSCA) under Authorised Financial Services Provider number 48021 and functions as an Authorised Over-the-Counter Derivative Provider; client funds are held in segregated bank accounts, fidelity insurance is in place and negative balance protection applies.
Account setup is handled entirely online via the client portal where users complete identity verification, select a base currency and trading account type; minimum deposits for live accounts begin from around USD 10 for Standard, Cent or Islamic tiers with higher thresholds for Premium or VIP versions.
Funding is available through bank wire transfer, credit/debit cards and e-wallets; deposits incur no company-charged fee in many cases though third-party or payment-service costs may apply and withdrawals follow standard verification protocols.
The broker supports MetaTrader 4 and MetaTrader 5 platforms, allowing for deployment of Expert Advisors (EAs), custom indicators, automated trading strategies and full use of the scripting environments within each terminal.
Trading conditions vary by account type: the Standard account offers floating spreads from about 1.3 pips with no commission, the VIP account offers spreads from around 0.5 pips with a commission of approximately USD 6 per standard lot, leverage may reach up to 1 : 500 in certain jurisdictions, and the broker restricts services in regions including the United States, EU member states, Japan, North Korea and Syria.

IFX Brokers Reviews

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