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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.
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Research date: Oct 14, 2025
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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:[email protected]
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.
