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    Forex
    navigate nextRetail Brokernavigate nextIFX Brokers

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    IFX Brokers

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    1 Reviews


    Average

    2.75/5

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    Security Information

    5.00

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    Verification on TrustFinance

    0.00

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    Traffic & Engagement

    3.33

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    3.25

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    Security Information

    License image
    License grade B image

    FSCA

    Regulated

    Licenses No: 48021

    Note icon

    What are the differences in regulations for each ?

    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

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    License grade B image

    FSCA

    Regulated

    Licenses No: 48021

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    Company Information

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    Get to know IFX Brokers

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    Company Information

    Get to know IFX Brokers

    Offers trading in Forex, indices, commodities, cryptocurrencies, and shares via MT4/MT5 platforms. Provides various account types, including Standard, Premium, and VIP, with leverage up to 1:500.

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    Industry

    • Forex Retail BrokerPRIMARY

    Software

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    Meta Trader 4

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    Meta Trader 5

    Contact

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    TrustFinance Intelligence Agency

    Research date: Thg 05 28, 2025

    iFX Brokers, a woman-led CFD and forex brokerage based in South Africa, is transforming the financial services landscape by prioritizing women in leadership roles. The company, founded by Hannelé de Necker, focuses on inclusion and community upliftment. It actively recruits women from marginalized communities and provides training, contributing to economic empowerment. Research supports the business case for women in leadership, indicating that firms with female leaders tend to outperform their peers financially. iFX Brokers aims to challenge the underrepresentation of women in finance and advocates for systemic change, calling on the industry to embrace diversity and inclusivity.

    iFX Brokers, a woman-led CFD and forex brokerage based in South Africa, is transforming the financial services landscape by prioritizing women in leadership roles. The company, founded by Hannelé de Necker, focuses on inclusion and community upliftment. It actively recruits women from marginalized communities and provides training, contributing to economic empowerment. Research supports the business case for women in leadership, indicating that firms with female leaders tend to outperform their peers financially. iFX Brokers aims to challenge the underrepresentation of women in finance and advocates for systemic change, calling on the industry to embrace diversity and inclusivity.

    The article provides a step-by-step guide on how to open a trading account with iFX Brokers in South Africa. It outlines the process from visiting the website and completing the registration form, to choosing an account type, agreeing to terms, verifying the account, funding it, and accessing the trading platform. The guide emphasizes the simplicity of the process and encourages traders to utilize the available resources for a successful trading experience.

    The article provides a step-by-step guide on how to open a trading account with iFX Brokers in South Africa. It outlines the process from visiting the website and completing the registration form, to choosing an account type, agreeing to terms, verifying the account, funding it, and accessing the trading platform. The guide emphasizes the simplicity of the process and encourages traders to utilize the available resources for a successful trading experience.

    The article discusses IFX Brokers, a South African OTC forex broker regulated by the Financial Sector Conduct Authority (FSCA). It highlights the broker's commitment to providing a safe and efficient trading environment, featuring a mobile app and auto-approved account opening. IFX Brokers offers competitive trading conditions, including various account types with no minimum deposit, access to MetaTrader 4 and 5 platforms, and low fees, making it suitable for both new and experienced traders.

    The article discusses IFX Brokers, a South African OTC forex broker regulated by the Financial Sector Conduct Authority (FSCA). It highlights the broker's commitment to providing a safe and efficient trading environment, featuring a mobile app and auto-approved account opening. IFX Brokers offers competitive trading conditions, including various account types with no minimum deposit, access to MetaTrader 4 and 5 platforms, and low fees, making it suitable for both new and experienced traders.

    A Dubai brokerage firm, Gulf First Commercial Brokers, has reportedly vanished with millions of dirhams belonging to investors. The firm operated from a vacant office in Dubai's Capital Golden Tower and lured clients through cold calls promoting an affiliated online trading platform, Sigma-One Capital, which promised safe returns. Investigations revealed that Sigma-One lacked authorization from UAE regulators, leaving investors with no legal recourse. Many victims faced significant financial distress, having lost their savings and resorted to loans to recover their investments. The Dubai Police have confirmed that complaints have been filed against both firms, highlighting the need for stricter regulations to protect investors from offshore scams.

    A Dubai brokerage firm, Gulf First Commercial Brokers, has reportedly vanished with millions of dirhams belonging to investors. The firm operated from a vacant office in Dubai's Capital Golden Tower and lured clients through cold calls promoting an affiliated online trading platform, Sigma-One Capital, which promised safe returns. Investigations revealed that Sigma-One lacked authorization from UAE regulators, leaving investors with no legal recourse. Many victims faced significant financial distress, having lost their savings and resorted to loans to recover their investments. The Dubai Police have confirmed that complaints have been filed against both firms, highlighting the need for stricter regulations to protect investors from offshore scams.

    The content discusses the advantages of using ZAR accounts for forex trading, highlighting various brokers that offer ZAR accounts such as Exness, Tickmill, HF Markets, FxPro, and XM. It compares features like minimum deposits, withdrawal times, fees, and trading conditions. The article emphasizes the benefits of trading in local currency to avoid conversion fees and improve trading efficiency. It also addresses common questions regarding ZAR accounts, including their suitability for trading USD/ZAR pairs and the handling of currency conversions.

    The content discusses the advantages of using ZAR accounts for forex trading, highlighting various brokers that offer ZAR accounts such as Exness, Tickmill, HF Markets, FxPro, and XM. It compares features like minimum deposits, withdrawal times, fees, and trading conditions. The article emphasizes the benefits of trading in local currency to avoid conversion fees and improve trading efficiency. It also addresses common questions regarding ZAR accounts, including their suitability for trading USD/ZAR pairs and the handling of currency conversions.

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    Naeem Masih

    Naeem Masih

    Direct review

    Poor

    Overall Thought

    Hi there, I added 10,850 dollars to my account and made it up to 37,961 dollars. Following the registration of my withdrawal request, the broker first denied it, withheld the full amount of my profit from the account, and prevented me from withdrawing the profit. Despite my repeated attempts to contact both the email broker and the official Telegram support, they have not replied to any of my correspondence and have simply ignored it. Until I denounced them to a company named juliana_phil _232 (@)_ gmail _com ), which fights fraudulent acts, and which assisted me in getting my money back.I hope all who support the broker are accountable in this case.

    Thg 09 7, 2024
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    Poor

    Total 1 Cases

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    Thg 02 15,2024Dot icon08:02

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    IFX Brokers

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    Summarization

    IFX Brokers Review: Is IFX Brokers Good?

    Broker overview and general information

    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.


    Broker Licensing and Regulation

    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. 


    Broker Products and Services

    Trading products

    • Trade CFDs on Forex, Indices, Commodities, Crypto


    Trading Platform

    • MT4 and MT5


    Review of account typesIFX Brokers

    Comparison table of each account type

    FeaturesiFX PremiumiFX StandardiFX VipiFX IslamiciFX CentiFX Raw
    Minimum deposit$250$250$1000$10$10$250
    BonusNoneมีมีมีมีNone
    LeverageUp to 1:500Up to 1:500Up to 1:500Up to 1:500Up to 1:1000Up to 1:500
    Spreads1 pip1.3 pips0.5 pips1.3 pips1.6 pips0 pips
    CommissionNo commissions and no hidden costsNo commissions and no hidden costs$6No commissions and no hidden costsNo commissions and no hidden costs$6
    Swap FeesมีมีมีNot available for Forex and Commoditiesมีมี
    Margin Call60%50%40%50%50%50%
    Stop Out20%30%10%30%30%20%
    Base CurrencyZAR USD GBP EURZAR USD GBP EURZAR USD GBP EURZAR USD GBP EURZAR USD GBP EURZAR USD GBP EUR

    Deposit and Withdrawal Review

    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.


    Broker Customer Service

    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.


    IFX BrokersReview: Pros and Cons

    Pros :

    • A wide range of trading assets, account types and payment methods

    • Minimum deposit (USD 10)

    Cons :

    • 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.


    Broker Overview Summary

    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.


    Choose the safest and most suitable broker with TrustFinance reviews

    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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