IFX Brokers Journal

Journal status: live
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IFX Brokers Profile
Website
Year
2017
Country
South Africa
Branches
1
Regulation
FSCA South Africa
Registration
FSCA South Africa
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Afghanistan, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Ghana, Greece, Hungary, Iceland, Iran, Iraq, Ireland, Italy, Latvia, Libya, Liechtenstein, Lithuania, Luxembourg, Malta, Mongolia, Myanmar, Netherlands, Nicaragua, North Korea, Norway, Panama, Poland, Portugal, Romania, Slovakia, Slovenia, Somalia, Spain, Sweden, Syria, UAE, US, Uganda, Yemen, Zimbabwe
Broker type
STP
Dealing book
A-book
Tier
3
Execution speed
2.5 ms
LPs total
...
LPs quality
...
LPs names
...

IFX Brokers Accounts
STP
Minimum Deposit
10 $
Leverage
500 : 1
Minimum Lot
0.01 lots
EURUSD spread
1.3 pips
Commission
0 $/lotRT
Volume
100 lots
Margin Call
50 %
Stop Out
30 %
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, PayFast, IPay, PayU
Base currency
ZAR, USD, GBP, EUR
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 3 months
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Is IFX Brokers safe?

  • Investor protection: no
  • Regulation: FSCA South Africa
  • Registration: FSCA South Africa
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is IFX Brokers trusted?

  • Information transparency: high ★★★★★
  • Customer service: ...
  • IFX Brokers website: highly detailed, updated ★★★★★
  • IFX Brokers popularity (by visitor count): average ★★★

How IFX Brokers works



1.35. Liquidity Providers:
The Company shall act as agent of the Client (principal) when receiving and transmitting orders. The Company will be transmitting your Orders for execution to other financial institutions or broker(s), and such broker(s) may be transmitting the orders received by us to other liquidity providers. These broker(s) are not necessarily operating in a regulated market.

18.1.4. You acknowledge that we derive our revenue as fixed share of the spread regardless of you winning or losing deals from the counterparty through which we execute transactions.

7.6. You agree and understand that we will affect any Transactions with you as an agent. Thus we will be transmitting your Orders for execution to another broker(s), and such broker(s) may be transmitting the orders received by us to other liquidity providers.

19.18. Our spreads are based on the market rates received by us from the execution broker(s) and/or liquidity providers and are pre-determined according your account status.

19.20. The Client accepts that the transmitted orders shall be solely executed by the Company’s execution broker(s) and/or liquidity providers which may change from time to time and may be based in jurisdictions not covered under regulations.

1.55. Scalping: Refers to the opening and closing of a position within seconds. We have a one-minute minimum time interval between opening and closing trades.



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