iFX Brokers

South Africa

i cant withdraw my funds while my account is verified

Exposure

2022-12-21

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

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

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

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

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

Account

Related Software

Biz Area

Website

Company Summary

Disclosure

News

Wiki Q&A

Comment

Account

Environment

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Currency

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Maximum Leverage

1:500
SupportedEA
Minimum Deposit

USD 250
Minimum Spread

from 0
Depositing Method

(8+) Neteller Skrill MASTER VISA
Withdrawal Method

--
Minimum Position

0.01
Commission

USD 6
Products

--

Products

Updated： 2025-10-31

MT4/5

Full License MT4

Full License MT5

MT4 Servers

MT5 Servers

143.88

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

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Official website

Website

ifxbrokers.com

156.38.154.7

Server Location

South Africa
ICP registration

--
Most visited countries/areas

--
Domain Effective Date

--
Website

--
Company

--

Company Summary

IFX Brokers Review Summary
Founded	2016
Registered Country/Region	South Africa
Regulation	FSCA (exceeded)
Market Instruments	Forex, indices, commodities, cryptos, and shares
Demo Account	✅
Leverage	Up to 1:1000
Spread	From 1.3 pips (iFX Standard account)
Trading Platform	MT4, MT5
Minimum Deposit	$10
Customer Support	Contact 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 Restrictions	Afghanistan, 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.

Pros and Cons

Pros	Cons
Wide range of trading instruments	Exceeded FSCA license
MT4 and MT5 provided	No 24/7 customer support
Flexible leverage ratios	Regional 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 Type	Financial Service Corporate
Licensed Number	48021

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	❌

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 Type	Minimum Deposit
iFX Islamic	$10
iFX Cent	$10
iFX Raw	$250
iFX Premium
iFX Standard
iFX Vip	$1,000

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 Type	Maximum Leverage
iFX Premium	1:500
iFX Standard
iFX Vip
iFX Islamic
iFX Raw
iFX Cent	1:1000

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 Type	Spread	Commission
iFX Raw	From 0 pips	$6
iFX Vip	From 0.5 pips	$6
iFX Premium	From 1 pip	❌
iFX Standard	From 1.3 pips
iFX Islamic	From 1.3 pips
iFX Cent	From 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 Platform	Supported	Available Devices	Suitable for
MT4	✔	Web/ Phone/ Desktop	Beginners
MT5	✔	Web/ Phone/ Desktop	Experienced traders

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 Method	Deposit Currency	Deposit Fees	Deposit Processing Time
OZOW	ZAR	❌	Instant
PAYFAST
MASTER CARD (Supported by PAYFAST)
VISA (Supported by PAYFAST)
WIRE TRANSFER		2.50%	24 - 48 business hours
SKRILL	USD/ZAR	❌	Instant
NETELLER	USD/ZAR
DIGITAL CURRENCIES	USD

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

Keywords

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

Disclosure

Danger

Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites

Country/Region

ID BAPPEBTI

Disclosure time

2022-02-02

Disclose broker

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

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

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

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

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

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

Wiki Q&A

qirhost

1-2 years

What leverage does IFX Brokers offer?

IFX Brokers provides flexible leverage options, with a maximum of up to 1:1000. While this is appealing for those looking to amplify their potential profits, I’d be cautious as high leverage can also magnify the risk of losses. If you’re new to trading, I’d recommend starting with lower leverage.

How much do I need to deposit with IFX Brokers to start?

The IFX Brokers minimum deposit varies by account. If you want to open the iFX Cent account, you only need $10, which is ideal for beginners. However, higher-tier accounts like iFX Premium or iFX Vip require at least $1,000. Personally, I’d suggest starting with a smaller deposit to see how things go before committing to larger amounts.

Can I trust IFX Brokers to trade with?

In my experience, it’s hard to say if I can fully trust IFX Brokers given their expired FSCA license. While they may still operate in South Africa, the lack of regulatory oversight makes me cautious. If you’re considering them, I’d suggest reading up on IFX Brokers reviews to gather more information on how others feel about their legitimacy.

What do I think are the upsides and downsides of IFX Brokers?