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Edited by Nov 16, 2023

Author

Edited by

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack

Author

Alison Heyerdahl

Head of Content

Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.

Learn more about Alison Heyerdahl

IFX Brokers

3.22

How we review

Top Rated Brokers

Forex and CFD trading is high risk and most traders lose money

Für Händler in United States verfügbar

Min deposit

USD 10

Regulated By
Varies by region

Trading Cost

USD 16

Max Leverage
Varies by region

500:1

Copy Trading
Varies by region

Yes

Platforms

MT4, MT5

Instruments

IFX Brokers Broker Review

Founded in South Africa in 2018, IFX Brokers is a popular South African broker with a range of ZAR accounts, support for both MT4 and MT5 trading platforms, and a wide range of Forex pairs. However, trading costs are not transparent and are generally quite high. IFX also offers virtually no trading tools, educational support, or market analysis materials.

IFX has five live accounts with a range of minimum deposit requirements to suit traders of varying experience levels. Minimum deposits range between 10 USD up to 1000 USD, but trading costs don’t drop below 1 pip (EUR/USD).

Although deposits are generally instant and free, there is little information on the site regarding withdrawals. Traders will also be disappointed in the lack of education and market analysis materials, and that customer service is only available during business hours via telephone and email.

Accepts South African Clients. Average spread EUR/USD 1.6 pips on trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT4 & MT5 platforms supported. Regulated by the FSCA.

Pros

Great range of accounts
Low minimum deposit

Cons

Wide spreads
Non-transparent spreads
Poor education
Limited market analysis

Rating Reviews

3.22

IFX Brokers Overall Summary

Trust Rating

Trading Conditions

Platforms

Education

Beginner Friendly

Assets Available

Analysis Research

Deposit & Withdrawal

Overall Rating

3.22

/ 5

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Base Currencies

ZAR, EUR, USD, GBP

Number of FX Pairs

Crypto Pairs

Copy Trading

Yes

Hedging Allowed

Yes

Scalping Allowed

Yes

Islamic Account

Yes

Account Name

IFX VIP

Commission

6 USD/lot - VIP Account

EUR/USD

0.50

GBP/USD

1.20

USD/JPY

Negative Balance Protection

Yes

Company Name

IFX Brokers™ Holdings (Pty) Ltd

Founded

2018

Website

https://www.ifxbrokers.com/

Website Language

Support Language

Office Locations

South Africa

Support Email Address

[email protected]

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Deposit & Withdrawal

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Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), an experienced trader, and a financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 100 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Stefan de Clerk

Financial Writer

Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.

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