IFX Brokers Review For Beginners

A step by step tutorial on IFX Brokers' offerings including their accounts, spread fees, trading applications and more.
This Video Overview Includes:
📢 Trading products
📢 Account types
📢 Trading platforms
📢Opening an account
📢 Educational resources
📢 And more...
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0:25 Overview
3:01 Trading platforms
4:08 Account types
5:48 Opening an account
7:57 Conclusion
Read our Video Script:
IFX Brokers is an FCA-regulated, no-dealing desk Forex and CFD broker based in South Africa that was founded in 2018. They offer flexible account types that are suitable for all types of traders, with competitive trading conditions and a variety of Forex pairs, Commodities, Cryptocurrencies and Indices that you can trade to diversify your portfolio. As an IFX Brokers client, you can connect your account to the MetaTrader 4 and 5 platforms, and clients also have the option of using demo accounts and swap-free accounts. The account minimum deposits range from 10 USD to 1000 USD and you can fund your account using several major currencies. We recommend this broker for intermediate to advanced traders because there is no dedicated educational section on the website, but there are plenty of online guides and tutorials available on using the MetaTrader platforms if you’re interested in trading with IFX Brokers - so don’t be discouraged!
IFX Brokers is a MetaTrader-friendly broker, which means that you will have access to thousands of indicators and premium quality tools for research, technical and fundamental analysis and chart customization. The MetaTrader platforms are also an excellent option if you’re interested in trading with Expert Advisors or using trading algorithms and these platforms can be downloaded on mobile and desktop devices for free.
When trading with IFX Brokers, there are five types of trading accounts you can choose from. If you are trading on a budget or you are new to trading, you will be happy to know that you can trade on the IFX Standard Account, the IFX Islamic account and the IFX Cent account with as little as 10 USD and these accounts are entirely commission-free with no hidden costs. While the spreads on the IFX Standard account and the IFX Islamic account start at 1.3 pips and spreads on the IFX Cent account start at 1.6 pips, the IFX VIP account offers raw spreads starting as low as 0.5 pips but a small commission fee is charged.
The IFX VIP account requires an opening deposit of 1000 USD and is recommended for professional traders. If you’re looking for an account that’s beginner-friendly and low-risk, then you should consider opening an IFX Cent account, but this account is also a great option if you want to leverage your trades - offering a maximum leverage of 1:1000.
The IFX Cent account is the only account that can be used on MT5 only, but all other accounts can be used on either MT4 or MT5. You will be able to access all tradable instruments using any of the accounts offered and all the IFX accounts are market execution accounts that come with a volatility index and one-click trading.
IFX Brokers offers more currency pairs than most other brokers, with the added benefit of super-tight spreads, no commission fees and a 50% welcome bonus. For as little as 10 USD, you can open an account that will give you access to all the instruments offered and you will be able to experiment with all types of trading strategies using a variety of premium MetaTrader tools and features. IFX Brokers is a great option for South African traders who would like to fund their accounts using ZAR, but you can use several other major currencies and the accounts offered are flexible. Open your account with IFX Brokers today to claim your 50% welcome bonus!
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[@kalagora341]

Do you have client portal's ?

[@lizwilenkosimazibuko5710]

how can I withdraw

[@_cr8ive_]

Do you have consultants that can asisit me over the phone to set um MT5 as well as customizing my Indicator tool bar setup? Thanks

[@SAShares]

Thanks for your question. Unfortunately we do not have assistants. We suggest that you contact IFXBrokers directly: ifxbrokers.com/contact-us/

[@Blocboy88]

I have a question.please help

[@SAShares]

Thanks for asking. How can we help?