Why IFX Brokers is a good fit for traders

IFX Brokers is an FSCA-regulated broker that is based in South Africa, and offers local traders a variety of benefits including sign-up bonuses, local ZAR deposits, advanced trading platforms and excellent pricing.

This article takes  a closer look at IFX Brokers to understand why it is considered a good fit for traders.

IFX Brokers trading environment

Trade orders are sent directly to liquidity providers by IFX Brokers using STP (Straight-Through-Processing) technology, bypassing the dealing desk entirely.

With this, IFX Clients can trade in actual markets, where orders are fulfilled more quickly and accurately.

The Liquidity Providers are the recipients of all orders. There is a slight premium applied to the bid/ask pricing by the Liquidity Providers, who are Prime Liquidity providers and hence the de facto counterparties to each deal.

There are no requotes during STP execution, and it works with any trading strategy.

IFX Brokers customer service

The IFX Support team is well-equipped to handle any inquiries you may have regarding your IFX account, and the team prides itself in  providing the best after-service support in the industry.

Traders are offered excellent tech support when using the broker’s platforms, and reliable service ensures that all the  most pertinent trading questions are answered promptly which is very important in the volatile and fast-paced Forex market.

IFX Brokers pricing

Trade execution is integrated into IFX Brokers, with pricing from a variety of banks and liquidity providers and fully automated execution that does away with the need for intermediary trading desks. Trades can be executed in as little as 2.5 ms and settled instantly using hypersonic speed.

The average spread on the EUR/USD goes as low as 0.2 pips with IFX Brokers, and there are no hidden fees associated with deposits. While commission is required for some accounts, IFX Brokers also offers commission-free trading.

IFX Brokers trading platforms

Traders with IFX Brokers have access to both MetaTrader platforms. Except for the Demo and the Cent accounts, all other accounts can use either MetaTrader 4 or MetaTrader 5.

Traders can make use of IFX MetaTrader 4’s advanced charting features, cutting-edge management tools, thorough analysis, flexible chart settings, and translation-ready user interface.

MetaTrader 5 (MT5) is the latest iteration of the popular forex trading platform, and it adds support for futures and equities among other improvements over its predecessor, MetaTrader 4.

IFX Brokers deposit conditions

Minimum deposits for live trading accounts with IFX Brokers start at $10 USD and go all the way up to $1,000 USD. Quick and easy deposits and withdrawals are available at IFX Brokers, and they accept many different payment methods. Money deposited using IFX is fee-free.

Depositing funds with IFX Brokers is hassle-free because the broker absorbs all associated costs. Traders can make deposits quickly and easily through their private client area, after which they can choose their preferred payment method.

IFX Brokers accounts

IFX Brokers offer candidates five live Forex trading accounts to choose from. There’s the Basic Account, the Premium Account, the VIP Account, the Islamic Account, and even the Cent Account. Aside from the 5 Live Trading account options, an IFX Brokers Demo account is also available.

An email will be sent to the applicant after they have opened a Live Trading account with IFX Brokers, letting them know that they are now the proud owner of a Demo Account as well.

Final thoughts

IFX Brokers is a reliable South African Broker that provides its clients with a full suite of trading services.

Also read: How to use your extra cash responsibly