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IFX brokers review transparent brokers review



So here we are with the IFX broker review today. IFX brokers is a South-Africa-based forex broker firm named after the firm "IFX brokers holding limited." The firm falls under the regulation of local FSCA.

Regulations and conditions are very important for any broker firm's stability. These laws and regulations exist to save the company from any possible loss and avoid the risk of scams and fraud.

So, each firm has its own organizational culture of regulations. Let us take a sneak inside the organizational environment of the firm to make the IFX trader's review a bit more interesting and informational. so, let's start

A sneak inside IFX brokers firm

IFX's methods of deposits and withdrawal

IFX brokers ease their clients of depositing or withdrawing their money in the accounts by various methods such as Visa card, MasterCard, or Pay fast.

The best part of all is that there is no withdrawal or deposit fee at all. Southern clients can get their withdrawal process done within 2 to 5 hours. However, the non-southern clients must wait for about 4 to 5 working days to complete the withdrawal.

Furthermore, we are happy to say that we could not find any disturbance in the deposit and withdrawal method in all studies and research. So you can rest assured that your money is in safe hands.

Nevertheless, due to the high rate of scamming in the forex trading market, we always recommend our readers not to put a hefty amount in their trading account. Instead, stay consistent with a small number of deposits.

Trading platforms offered by the IFX brokers
IFX brokers provide the MetaTrader4 to its customers, which is considered one of the best and popular trading platforms in the world of forex trading.

The MetaTrader 4 provides more intense charting functionality and high-end order managing tools with a multilingual interface for multiple char setups.

Furthermore, you can operate MetaTrader 4 on your android and ios devices and the PC without bothering about any other software installation.

IFX academy and demo accounts
IFX academy is the sub-branch of IFX brokers that supplies educational material in bulk. This educational material is for all types of students, i.e., for beginners to moderate to intermediate.

IFX academy delivers all of your course material and your assignments through electronic media.

The amazing part of the whole scenario is that you get to choose the speed you want to complete your given assignments. Amazing, right? Look at their official website for more details.

Demo accounts
The firm also provides you the facility of a demo account. But wait, what demo accounts are exactly?

Well! Demo accounts are un-real accounts that most forex trading companies provide to their customers to practice trading without worrying about money loss.

The steps of getting a free demo account with IFX are fairly simple. go on to their homepage and click on ' open demo account.' now, provide all of the asked personal information in the form and click on 'submit.'

Now, verify your email address, and congratulations. Your new free demo account is already ready for you to practice some ' demo trading.

Trading instruments offered by the IFX brokers firm
The firm offers various types of trading instruments to its clients to trade on. These instruments include forex, indices, CFDs, spot metals, energies, commodities, and cryptocurrencies.

In addition, IFX brokers offer over 75 currency pairs, gold, silver, platinum and palladium oil, and natural gas.

What accounts do IFX brokers offers?
Now, this is one of the important parts of the whole IFX brokers review. Different trading companies have different account policies to offer to their customers. For instance, one firm may offer multiple accounts to their customer, whereas the other will offer a single account only with regulations of various things.

However, if they have three types of tailored accounts to offer to their customers. and those accounts are

1. IFX standard account
2. IFX raw account
3. IFX Islamic account
lets ump into a bit details of these accounts

1. IFX standard account

Details:

It is the basic IFX account. All instruments serve as the range market for this account. The minimum deposit for a standard account is 100 US dollars, whereas 0.01 lot is the minimum possible trade size. lastly, the account bases currencies are: ZAR, USD EUR, And GBP

2. IFX raw account

Details:

The range of market for this account is all currencies, gold, and silver. The minimum deposit is 250 US dollars along with the 0.01 lots trade size and 0.3 pips spread. Us dollars is the only account-based currency.

3. IFX Islamic account

Details

As its name describes, this account has its basis on Islamic principles. all instruments are considered the market range for an Islamic account.

The minimum deposit is 100 us dollars with 0.01 lot or minimum possible trade size. However, the spread for the account is 0.8 pips. And US dollars serve as the account base currency for this account.

Safety and security
Safety and security are the prime focus of every person whenever they step into the forex trade market.

And as mention above, IFX brokers are the trading name of SFX brokers holding privately limited. The local financial sector conduct authority regulates it. Its CFD insurance is regulated by the regular financial market act, 2012.

The firm commits to providing its customers with maximum possible tight security regarding their money and sensitive information.

Leverage
Leverage is a popular tool in the trading world as it helps generate a high amount of profit in minimum time.

For instance, you own a thousand dollars, and you apply the cleavage of 1:00. So now it means that you are capable of controlling the position of $100000. IFX provides a slightly higher rate of leverage as compared to other trading firms.

Conclusion
We conclude this IFX brokers review by saying that forex trading is one of the most popular trends of the modern era. Its high-profit generating property is the key to its success.

Now, IFX readers have proved themselves as one of the leading trading brokers companies based on attractive and efficient policies.

Along with all of the other factors, its high leverage rate and usage of renowned trading platforms, i.e., MetaTrader 4, make it the most desirable firm to be chosen by the traders.










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