IFX Brokers Review is iFXBrokers Scam or Legit Read Before Investing.

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IFX Brokers review – Is ifxbrokers.com scam or good forex broker?

IFX Brokers is broker, incorporated and licensed in South Africa. They offer quite a variety of currency pairs with a leverage of up to 1:500 and the MetaTrader4 platform. Here you may check more details about their trading conditions.

Account type Min. deposit Max. leverage Spread s
IFX Standard Account $100 1:500 2.3 pips
IFX VIP Platinum Account $20 000 1:500 n/a

IFX Brokers Advantages:

Impressive selection of currency pairs

Checking IFX Brokers trading platform we counted over 100 forex pairs with lots of exotic currencies like Singapore Dollar, Swedish Krona, Norwegian Krone, Danish Krone, South African Rand, Turkish Lira, Hungarian Forint, Hong Kong Dollar, Polish Zloty, Mexican Peso, Chinese Yuan, Thai Baht, Russian Ruble, Czech Krona and Israeli Shekel.

Apart form that the broker offers CFDs on silver, gold, oil, natural gas, some 11 indices and many stocks. However, as we do not see any crypto coins here you may check our list of brokers, offering bitcoin CFDs:

As tested with a demo account the benchmark EURUSD spread floated around 2,3 – 2,4 pips, which is almost twice as high as the minimum starting spreads, considered acceptable by most traders. Here you may also check our list of brokers, offering tighter spreads:

IFX Brokers is a legit broker, regulated by the South African Financial Sector Conduct Authority, which offers quite an array of currency pairs, with great leverage and the MetaTrader4 – one of the most reliable platforms on the market. On the downside we should note the relatively high spreads, which after all is not a minor disadvantage.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

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FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

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RISK DISCLOSURE

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Ifxbrokers.com

Ifxbrokers.com Review
User Ratings

What is Ifxbrokers.com?

Ifxbrokers.com Review
IFX brokers say they are the number one choice of retail traders. They claim to have a third party editor who holds all the funds of their clients so that they are kept separate from the company’s. The company’s liquidity is provided by the National Australian Bank, JP Morgan, HSBC, Bank of America and a host of others.

IFXbrokers also deal on cryptocurrencies. This makes it a place where people can invest in the future by accumulating the virtual coins from trades and saving them, no matter how little. Since IFXbrokers spreads are medium, you are sure to make a good amount of money on each trade.

In this review, you will know about IFXbrokers.com spreads, their minimum deposit amounts as well as their maximum trade size.

Regulation and Incorporation
IFXbrokers is known as IFX Brokers Holdings Ltd in corporate meetings. The company is registered with the number, 2020/027249/07. The trading aspect of the company is regulated by FSCA (Financial Sector Conduct Authority) under the number, 48021.

Accounts
Ifxbrokers has three kinds of accounts with their own distinct features. They are IFX Standard, IFX Raw and IFX Islamic. The minimum deposit of $100 on IFXbrokers accounts is obtainable on IFX Standard and IFX Islamic. You can find out more about them on the table below:

Trading Platforms
IFXbrokers supports the MT4 trading platform for both PC and mobile devices. You can download their MT4 on whatever kind of device you would like to use for trading.

Withdrawal and Deposit Methods
Deposits are limited to credit cards, PayFast and Wire Transfer. Withdrawal can be done through credit card only if it does not exceed the amount that was transferred from it. Withdrawals can take up to 5 days to be complete.

Contact Details
Customer support:
support (at) ifxbrokers.com
Telephone: +27 87 944 7273

CONCLUSION
Although IFXbrokers appears to be a good broker, one must still be mindful of investing in it because trading Forex and CFDs are generally risky. You should therefore be more guided before taking a decision to trade.

Disclaimer: This article should not be viewed as an endorsement of any of the services mentioned. Please do your own research before considering investing any funds. You should never make an investment into any online program if you do not know what you are doing.

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  • Binarium
    Binarium

    Best Binary Options Broker 2020!
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  • Binomo
    Binomo

    2 place in the ranking!

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