IFX Brokers is considered low-risk and can be summarised as trustworthy and reliable. IFX Brokers trading involves fees from $10 USD / R160 ZAR, spreads from 0.05 pips to 1.3 pips, and commission-free trading depending on the account traders select.
|🔎 Account||🥉 IFX Standard||🥈 IFX Premium||🥉 IFX VIP|
|💰 Minimum Deposit||$10 USD / R160 ZAR||$250 USD / R3800 ZAR||$1000 USD / R15,050 ZAR|
|📊 Leverage||Up to 1:500||Up to 1:500||Up to 1:500|
|📉 Min. Trade Size||0.01 lots||0.01 lots||0.01 lots|
|📌 Spreads from||1.3 pips||1 pips||0.5 pips|
|💳 Commission||None||None||📌 USD 6|
|💵 Base Currencies||ZAR/USD/GBP/EUR||ZAR/USD/GBP/EUR||ZAR/USD/GBP/EUR|
|🚀 Open an Account||👉 Click Here||👉 Click Here||👉 Click Here|
IFX Brokers Fees, Spreads, and Commission – 7 Key Point Quick Overview
- ✅ IFX Fees, Spreads, and Commission Overview
- ✅ IFX Minimum Deposit
- ✅ IFX Deposit and Withdrawals
- IFX Brokers Customer Reviews
- IFX Brokers Pros and Cons
- Frequently Asked Questions
IFX Fees, Spreads, and Commission Overview
Traders with IFX Brokers can expect Spreads from 0.5 to 1.6 pips with Commission-Free trading across most account options excluding the IFX VIP account which comes with a commission amount of $6 USD / R90 ZAR. Swap -Fees are charged across the Standard, Premium, and VIP accounts with Minimum Deposits ranging between $10 USD / R160 ZAR to $1000 USD / R15’050 ZAR. No Deposit fees apply.
IFX Minimum Deposit
The Minimum Deposit amounts needed to open an IFX Brokers live trading account will range from $10 USD / R160 ZAR up to $1000 USD / R15,050 ZAR.
|🔎 IFX Account||💰 Minimum Deposit|
|🥉 IFX Standard||$10 USD / R160 ZAR|
|🥈 IFX Premium||$250 USD / R3800 ZAR|
|🥇 IFX VIP||$1000 USD / R15,050 ZAR|
|☪️ IFX Islamic||$10 USD / R160 ZAR|
|🏅 IFX Cent||$10 USD / R160 ZAR|
IFX Deposit and Withdrawals
IFX Brokers offers instant deposits and fast withdrawals with a wide variety of funding options. IFX Deposits are free of cost.
Making a deposit with IFX Brokers is a simple, straightforward process with the broker covering all transaction fees. To make a deposit the trader can simply log in to their secure client area and select their preferred payment option to proceed.
|🔎 Deposit Method||💰 Currency||💵 Fees||⚙️ Processing Time|
|Wire Transfer||ZAR||📌 2.5%||📌 24/48 Business Hours|
IFX Brokers offer their clients fast withdrawals. Withdrawals are powered by the myIFXBrokers secure client area. To make a withdrawal the client will need to log into the myIFXBrokers secure client area and add their bank account information for Verification. Once verification has been successful, the process can be completed.
IFX Brokers Customer Reviews
IFX Brokers ranks as one of the Top 10 Brokers in South Africa for good reason – They offer both MetaTrader platforms across most accounts! – Rebecca
Not User Friendly.
The IFX Brokers website is definitely not user-friendly. Good luck finding information about their demo account. Only after I opened a live trading account was I informed that I have a demo account available. Unfortunately, downloads and more complications followed. – Trisha
IFX Brokers Pros and Cons
|✔️ Pros||❌ Cons|
|MT4 & MT5 trading platforms||1:500 leverage|
|Educational resources||No USA clients|
|A range of useful trading tools||No FIX API trading|
|4 Account types to choose from|
|Sophisticated Ticket support system|
Overall, IFX Brokers trading involves fees from $10 USD / R160 ZAR, spreads from 0.05 pips to 1.3 pips, and commission-free trading depending on the account traders select.
You might also like: IFX Brokers Account Types Overview
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Frequently Asked Questions
How many instruments can I trade with IFX Brokers?
The broker offers over 100 forex pairs with lots of exotic currencies like Singapore Dollar, Swedish Krona, Norwegian Krone, Danish Krone, South African Rand, Turkish Lira, Hungarian Forint, Hong Kong Dollar, Polish Zloty, Mexican Peso, Chinese Yuan, Thai Baht, Russian Ruble, and more.
Apart from that the broker offers CFDs on silver, gold, oil, natural gas, some 11 indices, and many stocks.
Do IFX Brokers offer leverage?
Yes, IFX Brokers offer a maximum leverage of 1:500.
What spreads can I expect with IFX Brokers?
IFX Brokers spreads will range from 0.5 – 1.3 pips, account dependant.
Do IFX Brokers charge commission?
Yes, IFX Brokers does charge commission. However, the commission is only charged on the IFX VIP account at $6 USD / R100 ZAR.
Is IFX Brokers regulated?
Yes, IFX Brokers is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.
Is IFX Brokers a recommended forex trading broker for experts and beginners?
Yes, IFX Brokers offers an excellent trading environment for beginner and advanced traders.
What is the overall rating out of 10 for IFX Brokers?
Featured SA Shares Writer and Forex Analyst.