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IFX Brokers

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IFX Brokers

Rating: 2
Author: Naeem Masih

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1 Reviews

Average

2.48/5

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5.00

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Traffic & Engagement

3.33

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4.33

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TrustFinance Intelligence Agency

Research date: Thg 10 14, 2025

The FAME Awards 2025, held on 29 May 2025 at the Finance Magnates Africa Summit, recognized top brokers in Africa for their achievements in the financial markets. A total of 19 awards were presented, highlighting brokers that excelled in areas such as service, execution, education, and trust. Notable winners included CFI Financial Group for Best Rising Broker, iFX BROKERS for Most Trusted Broker, and TD Markets for Best Education Resources Broker. The awards reflect the growth and leadership of these companies in the evolving African trading landscape.

The FAME Awards 2025, held on 29 May 2025 at the Finance Magnates Africa Summit, recognized top brokers in Africa for their achievements in the financial markets. A total of 19 awards were presented, highlighting brokers that excelled in areas such as service, execution, education, and trust. Notable winners included CFI Financial Group for Best Rising Broker, iFX BROKERS for Most Trusted Broker, and TD Markets for Best Education Resources Broker. The awards reflect the growth and leadership of these companies in the evolving African trading landscape.

The Financial Sector Conduct Authority (FSCA) has issued a warning about impersonation scams targeting TCEPMA and iFX Brokers. Scammers are falsely claiming to be associated with these companies to solicit investments. The FSCA advises the public to be cautious of unrealistic investment offers and provides tips on identifying red flags. It also encourages verifying the legitimacy of financial service providers through their official channels.

The Financial Sector Conduct Authority (FSCA) has issued a warning about impersonation scams targeting TCEPMA and iFX Brokers. Scammers are falsely claiming to be associated with these companies to solicit investments. The FSCA advises the public to be cautious of unrealistic investment offers and provides tips on identifying red flags. It also encourages verifying the legitimacy of financial service providers through their official channels.

IFX Brokers is a South African OTC forex broker regulated by the Financial Sector Conduct Authority (FSCA), offering a mobile app and a user-friendly account opening system. It provides competitive trading conditions, access to popular trading platforms MetaTrader 4 and 5, various account types, and no minimum deposit for regular accounts. This makes it suitable for both novice and experienced traders looking for a reliable trading environment.

IFX Brokers is a South African OTC forex broker regulated by the Financial Sector Conduct Authority (FSCA), offering a mobile app and a user-friendly account opening system. It provides competitive trading conditions, access to popular trading platforms MetaTrader 4 and 5, various account types, and no minimum deposit for regular accounts. This makes it suitable for both novice and experienced traders looking for a reliable trading environment.

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Naeem Masih

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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

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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

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

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:[email protected]
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.

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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.