IFX Brokers

This broker does not accept traders from United States.

IFX Brokers is a South African forex and CFD broker offering STP execution on the MetaTrader 4 and MetaTrader 5 platforms. Traders can choose between 5 account types with minimum deposits from $10 and commission-free trading. IFX Brokers is regulated by the FSCA.

Instruments:

CFDs, Forex, Indices, Commodities, Cryptos

Demo Accounts:

✔

MetaTrader 4:

✔

MetaTrader 5:

✔

cTrader:

✘

STP Account:

✔

ECN Account:

✘

DMA Account:

✘

Margin Trading:

✔

Social Trading:

✘

Copy Trading:

✔

Islamic Account:

✔

Min. Deposit	$10
Min. Trade	0.01 Lots
Regulated By	FSCA
Mobile Apps	Android
Currencies	USD, EUR, GBP, ZAR

CFD

IFX Brokers' CFD selection covers 100+ forex, indices, commodities and cryptocurrencies, which is quite limited compared to most leading brands. However, the 5 account types should cater to most beginner-level and intermediate traders, or dedicated MetaTrader clients.

FTSE Spread	From 1.3 pips (Standard)
GBPUSD Spread	From 1.3 pips (Standard)
Oil Spread	From 1.3 pips (Standard)
Stocks Spread	NA
Leverage	1:1000

Forex

I was impressed to find 65+ major, minor and exotic currency pairs with competitive spreads from 0.2 pips on popular pairs like EUR/USD. I also appreciated the integrated economic calendar, so I can keep track of global market events and forex developments.

GBPUSD Spread	From 1.3 pips (Standard)
EURGBP Spread	From 1.3 pips (Standard)
EURUSD Spread	From 1.3 pips (Standard)
Assets	70+

Cryptos

During testing, I found only 5 crypto pairs on offer, which is a much smaller selection than most popular alternatives. That said, you can get started with as little as $10 and pay zero commissions on crypto trades.

Coins	BTC, ETH, BCH, LTC, XRP
Spread	From 1.3 pips (Standard)