IFX Minimum Deposit

A new forex trader can get overwhelmed by the number of available brokers. Also, it can be difficult for them to choose the right brokerage house. The ‘right one’ means a broker that fulfills all your requirements is regulated by a reputable organization, and has an affordable minimum deposit amount.

A popular brokerage house might fulfill these conditions. And IFX is one of the most well-known ones worldwide. But, an essential part of the requirements remains: what’s the IFX minimum deposit? Let’s find out!

IFX Minimum Deposit: A Detailed Guide

•     What is IFX?

Your first question should be, what is IFX? It is known as ‘IFX Brokers,’ which is the trading name of IFX Brokers Holdings (Pty) Ltd. The brokerage house is registered under the company and has been operating for a long time.

IFX is regulated by the Financial Sector Conduct Authority (FSCA), which is one of the most strict regulatory organizations. You can learn more about the broker’s regulations with the FSP number 48021.

The broker operates in various countries and regions. These include the USA, UAE, EU, Iraq, Libya, Mongolia, Myanmar, Nicaragua, Iceland, Afghanistan, Norway, and many more.

IFX offers over 200 tradable instruments, such as precious metals, oils, forex, cryptocurrencies, commodities, and indices.

•     IFX Minimum Deposit For Different Accounts

IFX minimum deposit varies with different account types. However, you can get started with $10. This amount is sufficient to open a live account and start trading. But,  there’s more you should know.

IFX offers a variety of account types. These help users to pick out the one that suits them the best. There are many differences in features, bonus availability, trading platforms, and IFX minimum deposit with each type. Read more about brokers in south africa

Let’s look at all the types one by one to provide you with a clearer picture:

o   IFX Standard

The IFX standard is the basic account. It is suitable for beginners and intermediate traders. It has the lowest IFX minimum deposit of $10. Plus, it allows trading of all instruments offered by the broker.

You also get a bonus for signing up for the IFX standard account. It allows leverage up to 1:500. With this account type, you can use MT4 and MT5 trading platforms.

o   IFX Premium

The IFX premium account is for intermediate and advanced traders. It has the second-lowest IFX minimum deposit of $250. You get all trading instruments, 1:500 leverage, both trading platforms, and only 1 pip of spreads at this price.

o   IFX VIP

The VIP account is only for advanced and experienced traders. That’s due to its features, and IFX minimum deposit for this account is $1000. It includes a $6 commission and spreads as low as 0.5 pips.

o   IFX Cent

IFX Cent is suitable for new traders. It is pretty much the same as the standard, but 1:1000 leverage, 1.6 pips spreads, and only access to the MT5 trading platform.

Conclusion

This detailed article will offer you an insight into the IFX minimum deposit. We did not focus on the exact number only, but also the details impacting it. This way, even a new trader can understand and learn about the broker.