IFX Brokers Review 2026

Item: IFX Brokers
Rating: 4.92
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: April 07, 2026

Top Brokers Overview — United States

Min. deposit $10
Fees 8 /10
Account types 4.6 /10
Regulation 6.3 /10

4.9 /10

High risk

IFX Brokers User Reviews 4.0
Commissions and Fees 8.0
Regulation and Safety 6.3
Account Types 4.6
Deposit and Withdrawal 6.5
Markets and Tradable Assets 6.3
Trading Account Opening 10.0
Customer Support 4.7

IFX Brokers Pros & Cons

Minimum deposit is $10 or its equivalent;
This broker is licensed by the South African regulator;
Large choice of account types;
Leverage is up to 1:1000 for retail and professional traders;
60 currency pairs are available;
Account currencies are USD, EUR, GBP, and ZAR;
Any trading strategy (except for arbitrage in any form) is allowed.

Spreads are higher than those of other Forex brokers;
No educational materials, market reviews, analytics, or trading calculators on the website;
Contacting support in live chat and instant messengers is not available.

TU Expert Verdict

IFX Brokers carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.

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IFX Brokers User Reviews

Score:

4 /10

3 total

5-star

0%
4-star

0%
3-star

33%
2-star

33%
1-star

33%

I like that IFX Brokers offers 100% accurate quotes on all account types. Order execution is standard. There are some problems, but where do they not exist?

I found out about IFX Brokers recently. They talk well, but I wanted to know where I was investing my money, especially since I sent them my data in full. I asked for their documents, and then it started. They were unable to provide them. This immediately is thought-provoking, isn’t it?)))

Now there are many brokers about which nothing is known at all. Such brokers include ifxbrokers.com. There is no proper regulation here, so the trader's deposit is not insured against the company's manipulations. The broker ifxbrokers.com offers leverage from 1:1 to 1:1000. Also, all deposit currencies are automatically converted to ZAR. Perhaps, for traders from South Africa, the company will be okay. But for traders from other countries, it's better to look for a more reliable broker.

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Commissions and Fees

Score:

8 /10

The trading and non-trading commissions of IFX Brokers have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No inactivity fee
No deposit fee
No withdrawal fee

Complex fee structure

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of IFX Brokers with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, IFX Brokers’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

IFX Brokers Standard spreads
	IFX Brokers	OANDA	FOREX.com
EUR/USD min, pips	0.5	0.1	0.7
EUR/USD max, pips	1.1	0.5	1.2
GPB/USD min, pips	0.5	0.1	0.9
GPB/USD max, pips	1.6	0.5	1.4

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

IFX Brokers RAW/ECN spreads
	OANDA	FOREX.com
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	3.5	5
EUR/USD avg spread	0.15	0.2
GBP/USD avg spread	0.2	0.4

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with IFX Brokers. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

IFX Brokers Non-Trading Fees
	OANDA	FOREX.com
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0-15	0
Inactivity fee ($, per month)	0	15

Is IFX Brokers Safe?

Score:

6.3 /10

IFX Brokers has a safety score of 6.3/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Is regulated
Negative balance protection

Not tier-1 regulated
Track record of less than 8 years

IFX Brokers Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
FSCA SA	Full Name Financial Sector Conduct Authority of South Africa	Country of regulation South Africa	Investor Protection Fund No specific fund	Regulation Level Tier-2

IFX Brokers Security Factors
Foundation date	2020
Negative balance protection	Yes
Verification (KYC)	Yes

Account Types

Score:

4.6 /10

IFX Brokers offers the following account options: Demo, Standard, ECN/Raw spread, Cent, Swap Free, VIP.

IFX Brokers covers the core account types, making it convenient for traders with different preferences and strategies.

Low minimum deposit
Swap Free (Islamic) account
Exclusive VIP account with enhanced trading conditions

Micro lots are not available

IFX Brokers account types vs top competitors
	IFX Brokers	Trading.com	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	No	No
Demo	Yes	Yes	Yes
Cent	Yes	No	No
Micro	No	No	No
Swap Free	Yes	No	Yes
VIP	Yes	No	No
Managed	No	No	No

IFX Brokers accounts trading conditions

IFX Brokers offers 5 live account types. The Cent account can only be opened in MT5; whereas, others can be opened both in MT5 and MT4. Accounts differ in deposit, leverage, spreads, and trading fees. Each user account can have one account of each type in 4 currencies.

Account types:

Account Type	Description
Cent	The minimum deposit is $10, floating spreads are from 1.6 pips, and no additional fees;
Standard	The minimum deposit is $10, spreads are from 1.3 pips, and no fee per lot;
Premium	The minimum deposit is $250, spreads are from 1 pips, and no fees;
VIP	It is an account for experienced traders. The minimum deposit is $1,000, spreads are from 0.5 pips, and a $6 fee per lot;
Islamic	It is similar to the Standard account but without swaps.

If traders are not ready to invest real money in Forex and want to practice trading with virtual funds, they can open a demo account.

Each IFX Brokers’ client can have up to 36 trading accounts in different currencies and platforms, which provides for effectively using each of them for specific strategies and purposes. Leverage is dynamic, which helps traders reduce or increase risks, and hence their potential profit.

Deposit and Withdrawal

Score:

6.5 /10

IFX Brokers received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

IFX Brokers provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

No deposit fee
Low minimum withdrawal requirement
Bank card deposits and withdrawals
Minimum deposit below industry average

Only major base currencies available
Limited deposit and withdrawal flexibility, leading to higher costs
Wise not supported

What are IFX Brokers deposit and withdrawal options?

IFX Brokers provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.

IFX Brokers Deposit and Withdrawal Methods vs Competitors
	IFX Brokers	Trading.com	Plus500
Bank Wire	Yes	Yes	Yes
Bank card	Yes	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	Yes	No	No

What are IFX Brokers base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. IFX Brokers supports the following base account currencies: USD, ZAR.

What are IFX Brokers's minimum deposit and withdrawal amounts?

The minimum deposit on IFX Brokers is $10, while the minimum withdrawal amount is 50 ZAR. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact IFX Brokers’s support team.

Markets and Tradable Assets

Score:

6.3 /10

IFX Brokers offers a limited selection of trading assets compared to the market average. The platform supports 200 assets in total, including 55 Forex pairs.

Crypto trading
Copy trading platform
Indices trading

No ETFs
Limited asset selection

Supported markets vs top competitors

We have compared the range of assets and markets supported by IFX Brokers with its competitors, making it easier for you to find the perfect fit.

	IFX Brokers	Trading.com	Plus500
Currency pairs	55	69	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	200	69	2800
Stocks	Yes	No	Yes
Commodity futures	Yes	No	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	No	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products IFX Brokers offers for beginner traders and investors who prefer not to engage in active trading.

	IFX Brokers	Trading.com	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	Yes	No	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

10 /10

We successfully registered an account with IFX Brokers in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at IFX Brokers is $10.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Quick KYC verification (1 business day or less)
Fully online account opening process
Fast registration time (up to 15 minutes)

Account setup process may feel less convenient for beginners

IFX Brokers account opening
	IFX Brokers	Trading.com	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$10	$50	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	7	20	5
KYC time (days)	1	2	3

Is IFX Brokers available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

Registration of a user account on the IFX Brokers website is a standard procedure that takes no more than 10 minutes. The registration steps are as follows:

Click the “Start Trading” button on this broker’s website.
Enter your personal information, phone number, and email address. Also, specify your country of residence, create a password, and select the wallet currency for your IFX Brokers’ user account. Then follow the link that will come to the email specified during registration to confirm it.
Features of IFX Brokers’ user account:
- Open a demo or trading account after submitting the required documents.
- Deposit funds to the wallet.

Additional features of the user account:

Real-time transfer of funds from a wallet to trading accounts and vice versa;
Ticket system for instant support;
Useful tools, such as economic calendar, market review, and trading platform installation files;
Change the leverage;
User account history: free/used margin on current positions, balance and equity, and reports on withdrawals and deposits;
Edit personal data.

Customer Support

Score:

4.7 /10

The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.

In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.

Information

Technical support is available 24/5. Communication is possible in 30 languages.

Technical support is multilingual
Quick responses to tickets in the user account

No live chat on the website and in the user account
Contacting the company via instant messengers and social networks is not available

To contact IFX Brokers, use the following channels:

phone (a single number is indicated in the Contact section of the website);
email;
tickets in the user account.

Contacts
Foundation date	2020
Registration address	IFX Brokers Holdings (Pty) Ltd, 79 Da Gama Road, Jeffreys Bay, South Africa
Regulation	FSCA
Official site	https://ifxbrokers.com/
Contacts	support@ifxbrokers.com +27 87 944 7273

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FAQs

How safe and regulated is IFX Brokers for forex trading?

IFX Brokers has a safety score of 6.3/10, which corresponds to a medium security level in this review. It is regulated by the FSCA in South Africa (a Tier-2 regulator), offers negative balance protection, and requires KYC verification, but it is not Tier-1 regulated and has a relatively short track record since its foundation in 2020.

What commissions and fees does IFX Brokers charge on trading and account services?

According to the review, IFX Brokers has low overall fees with a fees score of 8/10, including tight EUR/USD spreads on Standard accounts (typically 0.5–1.1 pips) and no inactivity, deposit, or withdrawal fees. On RAW/ECN accounts, spreads are market-based and fluctuate, and while a commission per lot is charged, the exact commission amount for IFX Brokers is not specified in this section.

What do user reviews and feedback say about IFX Brokers?

IFX Brokers has a user satisfaction score of 4/10 based on 3 reviews, with 33% of ratings at 3 stars, 33% at 2 stars, and 33% at 1 star. According to user reviews, the overall tone is mostly negative in this sample.

What markets and tradable assets are available at IFX Brokers?

IFX Brokers offers 200 total tradable assets, including 55 currency pairs, stocks, commodity futures, cryptocurrencies, and stock indices, but does not provide options, bonds, or ETFs. The broker also supports copy trading, while PAMM investing and managed accounts are not available according to this section.

How does the IFX Brokers account opening process work and what feedback does the review provide?

The review states that opening an account with IFX Brokers is an online process taking about 7 minutes, with mandatory KYC verification typically completed within 1 business day and a minimum deposit of $10. It is described as accessible and relatively fast, although the account setup process may feel less convenient for beginners.