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2.75/5
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5.00
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0.00
Traffic & Engagement
3.33
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3.33
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Security Information
Regulated
Licenses No: 48021
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Security Information
Regulated
Licenses No: 48021
Get to know IFX Brokers
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Get to know IFX Brokers
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Industry
Software
Meta Trader 4
Meta Trader 5
Research date: Feb 28, 2025
The website provides a comprehensive guide to Forex brokers that allow traders to open accounts with a minimum deposit of $10. It lists the top ten brokers, highlighting their features, account types, and regulatory information. The article discusses the advantages of starting with a low deposit, such as accessibility for beginners and the opportunity to gain practical trading experience without significant financial risk. Each broker is evaluated based on factors like trading conditions, customer support, and educational resources, making it easier for users to choose an appropriate broker for their trading needs.
The content discusses various forex brokers in South Africa that offer ZAR accounts, highlighting their features, pros and cons, minimum deposit requirements, and withdrawal details. It emphasizes the importance of choosing brokers regulated by the FSCA to avoid currency conversion fees and provides insights on the advantages of trading with ZAR accounts. The article compares brokers like Exness, Tickmill, HF Markets, FxPro, XM, Markets.com, FXCM, IFX Brokers, and ATFX, detailing their services and account types suitable for South African traders.
The content discusses the best Forex brokers in South Africa for 2024, emphasizing their roles in facilitating trading for various types of traders. It highlights key factors for selecting brokers, including regulatory compliance, trading platforms, customer support, and educational resources. The article reviews several brokers like FBS, HFM, TD Markets, IFX Brokers, XM, AvaTrade, Tickmill, and Octa, detailing their features, regulatory status, trading conditions, and specific advantages for South African traders, such as support for local currency and banking options. The overall message emphasizes the importance of choosing the right broker to enhance trading success and manage risks effectively in a volatile market.
The article provides a comprehensive overview of the best forex brokers in South Africa for 2023, emphasizing the importance of choosing FSCA-regulated brokers to minimize risks. It lists brokers such as HF Markets, Exness, and Tickmill, detailing their ratings, minimum deposit requirements, available trading platforms, and key features. The analysis includes comparisons of trading fees, spreads, and regulatory compliance, while also addressing the significance of local support and ZAR as a base currency for South African traders. The content aims to guide traders in selecting reliable brokers based on various criteria.
The article discusses the best forex brokers in South Africa, highlighting key features such as regulation, fees, trading conditions, and platforms. Notable brokers mentioned include HFM (HotForex), Exness, Tickmill, XM Global, and AvaTrade, each evaluated based on their offerings for both beginners and experienced traders. The content emphasizes the importance of FSCA regulation, trading fees, and user reviews when selecting a broker. It also provides insights into the trading environment, including the best times to trade and the significance of choosing brokers with local currency options to avoid conversion fees.
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Naeem Masih
Direct review
Poor
Overall Thought
Social look up
Poor
Total 1 Cases
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Feb 15,2024
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Summarization
IFX Brokers is a trading name of IFX Brokers Holdings (Pty) Ltd, registered in South Africa. It offers clients a wide range of tradable financial instruments on mt4 and mt5 with leverage up to 1:1000 and floating spreads starting from 0.5 pips. Trading platforms with 5 live account types are a great deal.
If you ask if IFX Brokers is good, you should start by considering the license factor first, which has the following licenses:
Financial Sector Conduct Authority (FSCA) License No. 48021 under IFX BROKERS HOLDINGS (PTY) LTD.
⚠️WARNING: Although the broker is regulated, many users are concerned that the FSCA regulation may not be sufficient, especially for traders based outside of South Africa. Trade CFDs on Forex, Indices, Commodities, Crypto
MT4 and MT5
| Features | iFX Premium | iFX Standard | iFX Vip | iFX Islamic | iFX Cent | iFX Raw |
|---|---|---|---|---|---|---|
| Minimum deposit | $250 | $250 | $1000 | $10 | $10 | $250 |
| Bonus | None | มี | มี | มี | มี | None |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 | Up to 1:500 | Up to 1:1000 | Up to 1:500 |
| Spreads | 1 pip | 1.3 pips | 0.5 pips | 1.3 pips | 1.6 pips | 0 pips |
| Commission | No commissions and no hidden costs | No commissions and no hidden costs | $6 | No commissions and no hidden costs | No commissions and no hidden costs | $6 |
| Swap Fees | มี | มี | มี | Not available for Forex and Commodities | มี | มี |
| Margin Call | 60% | 50% | 40% | 50% | 50% | 50% |
| Stop Out | 20% | 30% | 10% | 30% | 30% | 20% |
| Base Currency | ZAR USD GBP EUR | ZAR USD GBP EUR | ZAR USD GBP EUR | ZAR USD GBP EUR | ZAR USD GBP EUR | ZAR USD GBP EUR |
The broker supports traders to deposit and withdraw money from their investment accounts via ozow, payfast, mastercard, visa, wire transfer, skrill, neteller and cryptocurrencies. The minimum initial deposit requirement is only $10.
Withdrawals are processed during business hours (Monday to Friday, 7am to 5pm). Withdrawals for South African customers are typically processed within 2 to 4 hours. Please note that withdrawals for international customers are processed instantly, but can take up to 5 business days to reach your bank account.
⚠️Warning: IFX Brokers does not charge any fees for deposits and withdrawals via electronic and crypto wallets, but bank wire transfer fees are up to 2.5% of the transaction amount. You can contact customer support through the following channels:
Telephone: +27 879447273
Email:support@ifxbrokers.com
Company Address: 79 Da Gama Road, Jeffreys Bay, South Africa.
A wide range of trading assets, account types and payment methods
Minimum deposit (USD 10)
Licenses are insufficient to meet the demand of traders outside South Africa
A swap fee is charged.
The Cent account has higher spreads compared to other brokers.
There is a 2.5% fee charged for deposits and withdrawals via bank transfer.
IFX Brokers is an attractive option for traders of all levels, with its cutting-edge trading platforms and wide range of assets to choose from. However, users should consider several factors before deciding to open an account with this broker. While the broker has advantages such as a wide range of assets, a choice of account types, and a low minimum deposit (USD 10), there are also disadvantages to consider, especially for traders outside of South Africa who may not be comfortable with the broker’s license.
The Cent account also has higher spreads compared to other brokers and is charged a 2.5% bank wire fee, as well as a swap fee for holding positions overnight.
Carefully considering these pros and cons will help users make informed decisions about which service to choose.
Start trading Forex easily. Choose a safe and reliable broker with TrustFinance. A source of information and reviews of over 180,000 Forex brokers and financial companies, covering leading Forex brokers such as Exness, FBS, XM, IC Markets, IUX and many more.
IFX Brokers Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.
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