Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

IFX Brokers

South Africa | 5-10 years |
Regulated in South Africa | Financial Service Corporate | MT5 Full License | Suspicious Overrun | Medium potential risk

https://www.ifxbrokers.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

IFXBrokers-Demo

United Kingdom
MT4
17

Influence

B

Influence index NO.1

South Africa 6.63

MT4/5 Identification

MT4/5 Identification

Full License

17
Server Name
IFXBrokers-Demo MT4
Server Location United Kingdom

Influence

Influence

B

Influence index NO.1

South Africa 6.63
Surpassed 44.90% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+27 879447273
support@iFXbrokers.com
https://www.ifxbrokers.com/
79 DA GAMA ROAD JEFFREYS BAY 6630

Licenses

Licensed Entity:IFX BROKERS HOLDINGS (PTY) LTD

License No. 48021

WikiFX Risk Alerts
2025-04-30
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 48021)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

Basic Information

Registered Region
South Africa
Operating Period
5-10 years
Company Name
IFX BROKERS HOLDINGS (PTY) LTD
Customer Service Email Address
support@iFXbrokers.com
Contact Number
+27879447273

TheeBlackBullFx

South Africa

i cant withdraw my funds while my account is verified

Exposure

2022-12-21

随遇而安6812

Australia

I really hope that all the traders can keep alert and never fall into the traps set by forex scammers. The forex trading by itself is already too risky, we should do everything to avoid scams!

Neutral

2023-02-15

晨光曦阳

New Zealand

I do want to try this broker. many advantages, mt4 & mt5, friendly minimum deposit, generous leverage offerings. However, I do dislike its high margin call level, which is not favorable to traders. Hmmm… who can give me some advice?

Neutral

2022-12-01

Evise

Mexico

IFX Brokers offers a wide range of account types to suit different traders' needs, with competitive leverage options that allow for greater flexibility and potential returns.

Positive

2024-07-24

EddieWu

Malaysia

Actually, the it was a great customer service very much helpful and contact personally to resolve our issues. Furthermore, IFX brokers’ website is easily navigating, user-friendly.

Positive

2023-03-01

Glockz syr

South Africa

l have been trading with this broker for a couple of months and their service is exceptional and withdrawals are processed immediately.

Positive

2022-12-06

FX1050390472

Argentina

I have been trading with this company for 1 month and so far I am satisfied and will continue to trade. The minimum deposit is only $10, which allows more people to try it out. The fly in the ointment is that the customer service they offer is not available 24/7, which means I sometimes have to wait hours or even a day or two for a response.

Positive

2022-11-27

声色犬王

Australia

I traded with this broker six months ago, and it gave me a good impression. Everything is fine, their trading platform quite stable and smooth, professional customer support…it is quite friendly to beginners.

Positive

2022-11-24

8
Account
Related Software
Biz Area
Website
Company Summary
Disclosure
News
Comment
Related Software
White Label MT4
Full License MT5
2
MT4 Servers
1
MT5 Servers
161.62
velocityIcon
Average execution speed/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 4
Perfect
Meta Trader 5
Perfect

Users who viewed IFX Brokers also viewed..

XM

9.03
Score
10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
XM
XM
Score
9.03
  • 10-15 years |
  • Regulated in Australia |
  • Market Maker (MM) |
  • MT4 Full License
Official website

PU Prime

8.34
Score
5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
PU Prime
PU Prime
Score
8.34
  • 5-10 years |
  • Regulated in Australia |
  • Market Maker (MM) |
  • MT4 Full License
Official website

GO MARKETS

8.99
Score
Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
GO MARKETS
GO MARKETS
Score
8.99
  • Above 20 years |
  • Regulated in Australia |
  • Market Maker (MM) |
  • MT4 Full License
Official website

EC Markets

9.12
Score
10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
EC Markets
EC Markets
Score
9.12
  • 10-15 years |
  • Regulated in Australia |
  • Market Maker (MM) |
  • MT4 Full License
Official website

Website

  • ifxbrokers.com

    Server Location

    South Africa

    Website Domain Name

    ifxbrokers.com

    Server IP

    156.38.154.7

Company Summary

IFX Brokers Review Summary
Founded2016
Registered Country/RegionSouth Africa
RegulationFSCA (exceeded)
Market InstrumentsForex, indices, commodities, cryptos, and shares
Demo Account
LeverageUp to 1:1000
SpreadFrom 1.3 pips (iFX Standard account)
Trading PlatformMT4, MT5
Minimum Deposit$10
Customer SupportContact form
Phone: +27 87 944 7273 07:30-16:30 GMT (Monday-Thursday) / 07:30-16:00 GMT (Friday)
Email: support@iFXbrokers.com
Address: 79 Da Gama Road, Jeffreys Bay, South Africa
Regional RestrictionsAfghanistan, Canada, Democratic Peoples Republic of Korea, EU Member States, Ghana, Iceland, Indonesia, Iran, Iraq, Liechtenstein, Libya, Norway, Mongolia, Myanmar, Nicaragua, Panama, Somalia, Syrian Arab Republic, UAE, Uganda, United Kingdom, United States of America, United States Minor Outlying Islands, Yemen, Zimbabwe

IFX Brokers, a trading name of IFX Brokers Holdings (Pty) Ltd, is allegedly a multi-asset broker registered in South Africa that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:1000 and floating spreads from 0 pips on the MT4 and MT5 trading platforms via 6 different live account type. However, its FSCA license has been exceeded.

IFX Brokers' homepage

Pros and Cons

Pros Cons
Wide range of trading instrumentsExceeded FSCA license
MT4 and MT5 providedNo 24/7 customer support
Flexible leverage ratiosRegional restrictions
Various methods to deposit

Is IFX Brokers Legit?

IFX Brokers is not regulated well. Its license of the Financial Sector Conduct Authority (FSCA) has been exceeded, holding Financial Service Corporate license with No. 48021.

Financial Sector Conduct Authority (FSCA)
Regulatory Status Exceeded
Regulated by South Africa
Licensed Institution IFX BROKERS HOLDINGS (PTY) LTD
Licensed TypeFinancial Service Corporate
Licensed Number48021
Exceeded FSCA license

What Can I Trade on IFX Brokers?

IFX Brokers supports trading forex, indices, commodities, crypto, and shares. There's no ETFs trading or bonds trading. But overall, you still have a good mix of investment options.

Tradable Instruments Supported
Forex
Commodities
Indices
Cryptocurrencies
Shares
Bonds
Options
ETFs
Mutual Funds
What Can I Trade on IFX Brokers?

Account Type

IFX Brokers has six kinds of accounts: the iFX Premium, iFX Standard, iFX Vip, iFX Islamic, iFX Cent, and iFX Raw accounts. The minimum deposit requirements for each account are as follows:

Account TypeMinimum Deposit
iFX Islamic$10
iFX Cent
iFX Raw$250
iFX Premium
iFX Standard
iFX Vip$1,000
Account comparison

Leverage

IFX Brokers offers flexible leverage up to 1:1000 for accounts. However, high leverage can magnify profits, but it also significantly amplifies the potential for losses.

Account TypeMaximum Leverage
iFX Premium1:500
iFX Standard
iFX Vip
iFX Islamic
iFX Raw
iFX Cent1:1000

IFX Brokers Fees

IFX Brokers sets rather high spreads for their accounts. In addition, a commission of $6 is levied on the iFX Vip and the iFX Raw accounts. No commission is charged for the other accounts.

Account TypeSpreadCommission
iFX RawFrom 0 pips$6
iFX VipFrom 0.5 pips
iFX PremiumFrom 1 pip
iFX StandardFrom 1.3 pips
iFX Islamic
iFX CentFrom 1.6 pips

Trading Platform

iFX Brokers offers traders access to both the Metatrader 4 and Metatrader 5 platforms, which are suitable for both beginners and experienced traders.

Trading PlatformSupported Available Devices Suitable for
MT4Web/ Phone/ DesktopBeginners
MT5Web/ Phone/ DesktopExperienced traders
MT4 and MT5

Deposit and Withdrawal

IFX Brokers offers a variety of deposit methods, including popular options like Visa, Mastercard, OZOW, PAYFAST, SKRILL, NETELLER, wire transfer, digital currencies like Bitcoin, Ethereum, and more.

Deposit Options

Deposit MethodDeposit CurrencyDeposit FeesDeposit Processing Time
OZOWZARInstant
PAYFAST
MASTER CARD (Supported by PAYFAST)
VISA (Supported by PAYFAST)
WIRE TRANSFER2.50%24 - 48 business hours
SKRILLUSD/ZARInstant
NETELLER
DIGITAL CURRENCIESUSD
Deposit

As for withdrawal, you can log in to your myiFXBrokers account to initiate a withdrawal. Withdrawals are typically processed within 2-4 hours

Withdrawal

Keywords

  • 5-10 years
  • Regulated in South Africa
  • Financial Service Corporate
  • MT5 Full License
  • White label MT4
  • Suspicious Overrun
  • Medium potential risk

News

WikiFX report: South Africa’s IFX Brokers Spell Trust & Commitment through Transparent Trading

News WikiFX report: South Africa’s IFX Brokers Spell Trust & Commitment through Transparent Trading

Commitment, transparency, and trust are the most important traits that a client looks for in a broker or trading organization. It's encouraging to realize that IFX Brokers, a South African internet trading broker system, was formed on these principles. For its clientele all across the world, the firm has come to represent all of this and more.

2022-05-18 15:02

1 Minute to Know IFX Brokers Before Trading

News 1 Minute to Know IFX Brokers Before Trading

IFX Brokers is a South African-based online trading broker that offers its clientele ground-breaking technology.  IFX Brokers facilitates one-stop trading and investing experience for private and institutional clients, providing them with the highly advanced MetaTrader 4 and Metatrader 5 platforms for online trading of more than 200 instruments across 6 asset classes.

2022-05-14 12:30

South Africa is experimenting with a new digital money

News South Africa is experimenting with a new digital money

The BIS Innovation Hub and the South African Reserve Bank have announced the completion of a prototype system that allows international settlements to be made using central bank digital currencies.

2022-04-17 12:00

Behind the good news of a strong rand is some bad news in South Africa

News Behind the good news of a strong rand is some bad news in South Africa

A strong rand typically makes all South Africans happy since it represents a vote of confidence in the country. The rand, on the other hand, is being propped up by expectations that the South African Reserve Bank would undertake a more aggressive rate-hiking cycle to head off any stagflationary price shocks in food and petrol, while maintaining in lockstep with the US Federal Reserve's more hawkish posture.

2022-04-14 14:54

THE CBN HAS UNVEILED THE RT200 FX SCHEME, WHICH AIMS TO INCREASE NON-OIL EXPORTS

News THE CBN HAS UNVEILED THE RT200 FX SCHEME, WHICH AIMS TO INCREASE NON-OIL EXPORTS

The Central Bank of Nigeria (CBN) has established the RT200 FX Program, which aims to boost foreign currency revenues.

2022-04-13 16:53

Ten major guides for Choosing a good broker for trading in South African

News Ten major guides for Choosing a good broker for trading in South African

The fact that there are many brokers today in South Africa; seeking to attract traders to invest with them, makes it very difficult to choose the best broker for trading. Not all brokers are suitable for traders. Some are fraudulent sites manifesting as brokers and seeking for traders to scam. We have therefore provided in this article the basic guidelines for choosing a broker for trading; bothering on their proof of regulation and approval from WikiFX.

2022-04-12 12:09

View More
Write a comment
8
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com