Forex trading has been growing rapidly in South Africa. There are a number of international brokers that you can choose from including the IFX broker. Is it worth the shot? This article will educate you about the IFX broker and whether it is the one you’re looking for!
About the broker
IFX Brokers is an online broker company in South Africa that combines genetic value with innovative technology. FCM offers advanced MetaTrader 4 and Metatrader 5 platforms for online trading of over 200 instruments across 6 asset classes, providing one-time trading and investment for individuals and institutional investors. The company is headquartered in Jeffreys Bay in the Eastern Cape of South Africa and has an international presence. IFX Broker is overseen by the National Audit Office of South Africa.
Is it a safe broker?
IFX Brokers is a trade name of IFX Brokers Holdings (Pty) Ltd. Their distribution and marketing are regulated by the FCA, Financial Conduct Authority, which is one the most strict and well-known broker regulating authorities. CFD titles are governed by the Financial Markets Act 2012. The safety of the client fund is the top most priority of the IFX brokers.
Where is it available?
Brokers allow traders from different parts of the world to open trading accounts with international brokers if their country has permission to trade with them online. Some of the IFX Brokers features and products described in this article may not be available to traders in some countries due to legal restrictions.
Trading accounts and fees
IFX Brokers offers a wide variety of trading accounts specially designed to meet the needs and requirements of each type of buyer. These include IFX Standard, IFX Premium, IFX VIP and IFX Islamic Accounts. Each account gives users access to all the trading instruments available on the MT4 and MT5 platforms, with trading volumes ranging from 0.01 to 100 lots. They also offer access to demo accounts that are used for training purposes.
Deposits and Withdrawals
Brokers offer instant lending, you can pay with a debit, credit or debit card, OZOW, which is direct investment support and bank transfer. Withdrawals are fast as they are completed in the same day but are processed within 4 hours on average.
They offer traders the MetaTrader 4 and MetaTrader trading platforms, which are still one of the most advanced and reputed trading platforms. The platform offers a convenient way to trade multiple assets with a multilingual interface. MT4 and MT5 provide extensive analysis tools and allow you to create multiple charts. The platform has several useful features and functions such as one-click execution, stop and limit orders, technical indicators, real-time analytics and much more. It is available as a desktop application for Windows and Mac computers, as well as a mobile application designed for Android and iOS devices.
IFX Brokers offers an impressive leverage of 1: 500, that is easy to manage from the client portal. Choosing the right leverage depends on the operator’s experience, risk exposure and convenience in the international money market.
IFKS Brokers is committed to treating all customers fairly and understands that customer satisfaction and a successful disruptive network are the foundation for building a progressive company.