IFX Broker Holdings (pty) Ltd is the best option for all levels of traders as it offers a wide variety of financial instruments, strategic trading platforms, tight spreads and competitive commission, and a highly secured trading atmosphere. Moreover, it offers several education and research assets, account types, and feature-rich platforms to assist traders in trading endeavors.
Before opening an account with IFX Broker, go through our article with intend to take strategic action for your trade.
Specification of IFX Broker
|Ratings||3.4 out stars of 77 ratings|
|Trading platforms||MetaTrader 4|
|Account currency||USD, ZAR, EUR, GBP|
|Account type||Market Maker|
|Deposit methods||Credit/Debit Cards, EFT, PayFast, Ban Wire transfer|
Is IFX Broker a legit broker?
IFX Broker Holdings (pty) Ltd is a South African company that was founded in 2012 and established top ranking within no time. It firmly holds the values, including reliability, transparency, and competency, that assist it in being one of the best Brokers. Moreover, Broker is regulated by FSCA, so trader’s funds are in trustworthy hands while trading it.
Ifx Broker account types
Ifx Broker comes with three account types
- IFX Standard
- IFX Raw
- IFX Islamic
Each Account offers unique trading financial assets to the traders and access to above 70 currency pairs, oils, natural gas, gold, and silver.
Ifx Broker Minimum Deposit
The minimum deposit that a trader requires to open an account with Ifx Broker is USD 100. But it also varies according to account types; IFX Standard minimum deposit needs $100, for IFX Raw $250 and $100 min. Deposit for IFX Islamic account.
In addition, currency type also depends upon account types such as ZAR, EUR, and USD, which are base currencies of IFX Standard account, and for IFX Raw and Islamic funds, base currencies are ZAR and USD.
IFX Broker offers only one trading platform; MetaTrader 4, which is a feature-rich platform. The world’s best trading platform also provides the most significant upgrade package with 85 pre-installed indicators.
IFX has a maximum leverage of 1:500 for the trader who’d trade on Q margin. One exciting thing is that whenever you’d reduce your trade risk, you can change the leverage accordingly. Along with force, the Broker maintains tight spreads and deep liquidity as it is an actual ECN’s broker.
- IFX Standard Account from 0.8 pips
- IFX Raw spread Account from 0.3 pips
- IFX swap-free Islamic Accounts from 0.8 pips
How to open an account with Ifx Broker?
IFX Broker comes with a quick opening process, but the account approval process may take a few days. Follow the following steps to open an Ifx account.
- Apply with personal and financial data
- Elaborate your trading background
- Confirm your identity and citizenship by providing your ID, passport, any bank statement, or bill as solid proof of residency.
Deposit and withdrawal
As we mentioned above, $100 is the IFX minimum deposit and an affordable start for new traders. The Broker comes with excellent deposit and withdrawal conditions, and payment methods include credit/debit card, EFT, Bank transfer, and PayFast.
In addition, for South African citizens, withdrawal takes about 2-3 hours, while for international traders, it can extend to 3-5 working days due to bank transfers.
Well, IFX Broker is a strategic choice for all levels of traders, including beginners and advanced traders, as it offers a broad range of trading instruments, the world’s best trading platform, and pleasant opportunities.