IFX Brokers

Is IFX Brokers reliable? Does IFX have a bonus? In this IFX Brokers review, you can find IFX Brokers minimum deposit, account types, spreads, leverage, withdrawal and more!
ifx brokers review

A big name in the forex and CFDs market where it operated from its headquarters in South Africa promoting its name as a facilitator for a one-stop trading experience for retail and institutional clients. IFX brokers provides access to global markets with a broad range of assets and trading instruments.

IFX Brokers is a trading name of IFX Brokers Holdings (Pty) Ltd providing its private customers with trading needs of MT4 and MT5 as a trading platform for a great trading experience registered by (Registration No. 2017/027249/07).

You can rest easy when you trade with IFX Brokers. Client funds are kept separate in a segregated account and monitored daily by our 3rd party auditor. Top that with IFX fidelity and indemnity insurance, zero balance protection and fund protection from your trading activities with the broker’s own risk management tool – the IFX Wallet.

IFX Brokers incorporates trade execution, with pricing from multiple banks and liquidity providers and 100% automated execution which eliminates broker intervention. Cybersonic trade execution is from as low as 2.5 milliseconds and settled immediately.

In this IFX Brokers review the questions like Is IFX Brokers legit? What are the account types offered by the broker? What are the trading conditions such as spreads, minimum deposit, and leverage? Can I open a demo account? Is IFX Brokers regulated? Does IFX have customer services? are going to be answered.

5.3Expert Score

I reviewed IFX based on the following criteria.

  • Regulated by FSCA
  • MT4 supported
  • Various Instruments
  • Payment methods are limited
  • The lack of spreads info


Regulation of IFX Brokers

Generally, forex brokers or financial institutions, in general, require regulation and a license in order to be able to carry out operations in the market. Brokers would promote their products and services and gain long-term clients and their trust.

It’s no easy task when it comes to money and funding and here we’re talking about investing, meaning it’s a 50/50 chance of profit or loss, and yet traders choose to take that risk in hopes to gain high profits. However, what makes an investor take such a risk with a non-trustworthy broker? I’ve been in those shoes and let me tell you, no trader would go for a non-regulated broker and even a high ranked- big name and reputation regulator is always the first thing traders look for when reviewing a broker house to invest with.

And here, with IFX brokers regulation which is licensed by the financial sector conduct authority also refer to as FSCA. Where the clients’ funds are kept segregated from those operational funds from the broker itself to make sure they won’t be affected in case of loss or fraud that might happen to the broker itself.

Since the forex market is global, it is very prone to fraud. Some governments and independent organizations audit the forex market according to certain criteria.

And some of these criteria are:

  • Being registered with the regulatory agency
  • Having a license
  • Passing audits
  • Informing customers about service changes etc.

That’s why it’s safer to work with licensed forex brokers to protect yourself from fraud. These brokers are subject to constant audits and reviews to meet the requirements.

IFX Brokers claims that their distribution and market conduct is regulated by the Financial Sector Conduct Authority (Authorized Financial Services Provider number 48021).

FSCA is a legal regulator offering reliable protection to investors. However, it doesn’t compare with the UK’s FCA or the Australian ASIC. They are more reputable regulators, of course.

Also, FCA-regulated forex brokers must maintain a minimum capital of at least 730 000 Euro to prove their financial stability. For ASIC-regulated ones, the minimum capital amount is $1M.

Moreover, FCA-regulated brokers have to provide a compensation scheme, which named Financial Services Compensation Scheme (FSCS). The scheme covers investor’s money up to 50 000 GBP.

Unfortunately, there is no compensation scheme for the ASIC-regulated broker’s clients.

Minimum Deposit, Account Types and Spreads

IFX Brokers Minimum Deposit, Account Types and Spreads

IFX perpetually upgraded their instruments to offer you the finest low-cost trading service through state-of-the-art trading platforms, with unrivalled top-tier liquidity and spreads.

Here, You experience reliable, formidably fast trade execution with no-dealing desk intervention and a comprehensive range of offerings that include CFDs, commodities, Forex and Futures.

IFX brokers’ online trading platforms powered by Equinix, includes Metatrader 4/5 Desktop and Mobile for smartphones and tablets.

IFX brokers account types are 5 types of accounts for their clients with all variable conditions to make sure it’s matching the needs of their international and multiple clientele base around the world.

The 5 types are named as follows:

  • IFX Standard
  • IFX Premium
  • IFX Islamic
  • IFX Cent

Where each of the account types is having its own characterizing and trading terms to make it suitable for a specific target of traders. And we can see in the IFX Standard account all market trading instruments with a leverage of 1:500 along with ifx brokers minimum deposit for this account is $10 and the spread is 1.3 pips. Also there is the option to get a bonus with this account type.

The other account type is one of the most popular accounts and so the most favorable for the traders to invest with and that is IFX Premium. Where ifx brokers minimum deposit for this account is $250 and the spread is 1 pip. There is no option for this account to get any bonus opportunities.

The third type of account at IFX is the IFX VIP. Where the ifx broker minimum deposit is the highest of all accounts that it reaches $1000 and the spread is 0.5 pips. It also provides the option to invest in all ranges of trade instruments, there is no option for a bonus with this account yet you can trade with a leverage of 1:500.

The fourth type of account is the IFX Islamic account. This can also be called the swap-free account where swaps on buying and selling orders overnights or on the weekends don’t take place and ifx brokers minimum deposit in these accounts is $10 and the spread is 1.3 pips. With the option to get bonuses with these accounts.

Note that all 4 accounts IFX Standard, IFX Premium, IFX VIP, and IFX Islamic all have the same trading platforms available within all these account. You can use both MT4 and MT5. They also share the leverage amount which is 1:500.

The fifth type of account is the IFX Cent. It has all different conditions from all the other 4 accounts, here you can only trade using MT5 platforms. The ifx brokers minimum deposit here is $10 and the spread is 1.6 pips. With the chance to have bonuses with this account. The leverage here is the highest of all the accounts which can reach 1:1000.

IFX Cent is the most suitable for new beginners in forex and CFDs as it would be trading with nano lots which is the perfect tool to start trading with as major profits nor losses would take place and the investor can try out the broker.

There is no commission added and nor hidden costs present in any of the accounts except for the IFX VIP where it has $6 as a commission.

Trading Platforms

IFX Brokers supports the MetaTrader4 which is the most popular trading platform among traders and brokers. This is an advantage for the brokers. Because every trader wants their brokers to support the MT4.

The MetaTrader 4 provides enhanced planning functions and highly advanced order management tools. It also has a multilingual interface, provides comprehensive analysis, and allows for multiple chart settings. MT4 is simple and easy to use and allow users to customize the interface to suit their individual needs.

some of MT4 characteristics are:

  • Used for developing trading programs based on the order system
  • MT4 require multiple functions for performing trading operations
  • Programs for MT4 cannot run on MT5
  • simpler than MT5

MT4 has 30 build-in indicators whereas MT5 has 38. 2000+ custom indicators are also available with 700+ paid indicators.

While MT5 has 33 analytical objects, 19 timeframes, and an unlimited number of charts. MT5 also provides the option for the economic calendar which is an option absent from MT4.

Generally, both MT4 and MT5 are run on windows, MAC OS, IPHONE, IPAD, Android devices.

Trading Instruments

The broker offers its clients to trade on forex, indices, commodities, and cryptocurrencies. IFX Brokers offer over 70 currency pairs, gold, silver, platinum and crude and UK Brent oil, and natural gas.

In addition to energy and metal contracts, IFX Brokers offer a range of soft commodity products to trade, including corn, soybeans, sugar, coffee, and wheat as CFDs.

Sounds exciting, doesn’t it? And it is, provided you’re familiar with the fundamentals of soft commodity trading. Population growth is the long-term driver of commodity prices since inevitably people will always require food, clothing, transport and electronic devices, amongst many other desires.

The cryptocurrencies available are Bitcoin, Ethereum, Bitcoin cash, Litecoin, and Ripple.

With over 11 different indices to choose from, the indices provided by IFX Brokers are the most popular form of CFD. With a large range to choose from, trading on indices enables traders to speculate on whether an index will rise or fall, without buying shares in the underlying assets. In this sense, one can trade an index just as one would trade a stock, currency, or commodity.

Payment Methods

IFX Brokers Deposit and Withdrawal Methods

You can fund your account by using credit and debit cards, PayFast, Ozow, Skrill, Neteller, Wire transfer and cryptocurrencies.

There’re no fees on any of the deposit and withdrawal methods within IFX brokers.

IFX Brokers enables clients to open accounts in the following base currencies: South African Rand (ZAR), United States Dollar (USD), British Pound Sterling (GBP), Euro (EUR). With a variety of payment options clients can start trading almost instantly.

There’s also the question of how long the withdrawals take. and in my ifx markets opinion that it’s a valid question, even I, myself, asked the same question putting this IFX review together. Yet, it was very helpful to find the information I wanted as the broker states that withdrawals are processed within the working hours of the working days (Monday – Friday 7-5).

Withdrawals for South African clients are normally processed within 2-4 hours. Please note that withdrawals for International clients are processed immediately but can take up to 5 working days to reach your bank account.

Due to third party regulations, funds would only be deposited in the bank account aligned with your IFX trading account.

Withdrawals are pretty simple and easy as 3 clicks. All you need to do is to log in to your secure area in your IFX client area, then add your bank account details for security and verification and after approval, you can process your withdrawal safely and securely.

Educational Material

Educational Material

Those who decide to become an introducing broker will need to have a winning strategy; this strategy can only be developed through experience and knowledge. Those who manage funds that are not their own will also need to look into the legal ramifications and requirements involved. Regardless, IBs need to be able to develop a reputation if they are to be listened to by any potential clients.

IFX Brokers supplies a lot of educational materials under what they call IFX courses. In this part, IFX offers educational materials that appeal to every user, from beginner to intermediate to advanced. With a bit more focus on beginners, they deliver course materials and assignments to you electronically, and you decide at what speed you want to complete the modules. You can take a look at the link above to find more detailed information about training materials.

 IFX Academy is one of the best courses that the broker provided to their investors. As it can help you become a better trader, whether you’re a complete newbie or have some experience under your belt.

You’ll learn how to balance risk and reward in a way that maximizes both. With the help of these free online Forex courses and the ongoing assistance of IFX Broker’s training team, traders are easily granted a competitive advantage.

Customer Services

Customer Services of IFX Brokers

Known for the best after service support in its business sector, the IFX Support team is fully equipped to deal with any and all questions relating to your IFX account.

The broker included all contact details and information on their website for ultimate transparency and care and to show their client how customer support is always in a ready state to provide assistance. you can contact the support team at +27 87 944 7273 or you can use other communication options.

And also you can contact them on social platforms like facebook, instagram and, twitter.



In a true STP (Straight-Through-Processing) environment, IFX Brokers use technologies, without dealing desk intervention and route trade orders directly to liquidity providers.

IFX Brokers is regulated by the South African Financial Sector Conduct Authority (FSCA). The broker provides 5 types of accounts along with competitive trading conditions that can match all levels of traders, from new beginners to professionals. This allow IFX Clients to access real markets with better and faster filling of orders.

Straight Through Processing execution simply goes without any requotes and is suitable for all trading strategies.

IFX offers 2 of the most popular and most used trading platforms provided by Metaquotes which are MT4 and MT5. The broker has proven its ability to grow and become one of the most efficient brokers in the market implementing efficient and proactive polices and regulations, that not only benefit the clients but also improve the positing of the broker in the market and hence its reputation.

On the other hand, spreads are high and no much information about the demo accounts on the broker’s website. Also you can find the best brokers in my related article if you were interested in other brokers you can trade with. And if you have any questions don’t hesitate to contact me or leave me a comment below.

Valentin Cote

Valentin Cote

I am Valentin Cote, the author and owner of this personal blog. I compare and review forex brokers in my website. I am in the trading industry since 2009 and still learning. I also write useful articles for newbies about forex and investment. I love playing online games and Forex :)

Who Am I?

Hello to everyone. Forexbrokerslab is my personal blog where I compare reliable forex brokers. I’ve been in forex trading since 2009 and I’m still learning. I have traded with the most popular forex brokers, including the most unknown ones in any regulation and many different account types. So I think I have enough knowledge to compare brokers. You can learn about forex brokers by reviewing my blog.


Forex Brokers

Forex Brokers

Forex Brokers

Forex Brokers Lab
Enable registration in settings - general