How to Open an Account with IFX Brokers

IFX Brokers is an online trading broker which is a South African-based company registered by the Financial Sector Conduct Authority. It is a company that facilitates one-stop trading and investing experience for private and institutional customers. IFX brokers mainly permit their traders to trade in enormous financial assets. Investments made by the clients are highly secured by the FSCA regulations.

The clients are provided with advanced platforms such as MetaTrader 4 for online trading with a wide range of financial products. IFX brokers work effectively by focusing mainly on customer satisfaction and treating all clients equally.

The company is filled with values of commitment, trust, and transparency, which make the customers confident that they are dealing with a broker where the core values are the foundation of the company.

Keep reading if you are looking to open an account with IFX brokers.

Advantages to trading with IFX Brokers

• The MetaTrader4 platform is provided for online trading.
• A wide range of useful trading tools
• FSCA regulated
• ZAR is the account currency.

Account types

The company offers three types of trading accounts for its traders; IFX standard, IFX Raw, and IFX Islamic. Additionally, you can also open a demo account.

IFX Islamic is a swap-free account that is free of interest, which means that it eliminates the usual swap charges that apply for positions held overnight or over weekends.

You can access the IFX Standard account with a minimum deposit of $100, while IFX Raw accounts start at $250 and IFX Islamic has criteria of $100 as the minimum deposit.

The company allows traders to select an account according to their convenience, through which they can access a variety of tools for different trading needs.

How to open an account with IFX Brokers?

The process of opening an account with IFX Brokers is easy and quick. However, only the account approval process may take a few days. IFX asks you to send some documents that make the process secure. The procedure for the opening of an account with IFX is as follows:-

• Provide all the necessary personal and financial information.
• Describe your trading background.
• Confirm your citizenship and identity by uploading all your proof, such as your passport, KYC documentation, driver’s license, national ID, and bank statements.

Trading Platform

The company provides only one trading platform that is MetaTrader4 and allows the use of multiple chart setups. The features are easily customizable by the users, which allows the users to change the position and size of the tabs. The platform has various features for users, and the application is available for both computers and mobiles.

The currency of the account

The four main currencies for opening an account with FX are GBP, USD, EUR, and ZAR. The currencies will depend on the type of account you open.

Education and research

The IFX Broker platform helps clients to find all the latest information about trading, from beginner to intermediate to advanced level and educates all users about the trading world. The educational materials are available under the IFX Academy initiative, where lots of course materials and assignments are sent and you can complete the modules at your speed.

Deposits and withdrawals

Withdrawals for South African clients can be obtained within a few hours, whereas withdrawals for other international clients can take up to five working days.IFX Broker provides the best deposit and withdrawal conditions for its customers, but it still has limited payment options. The minimum deposit amount is quite affordable for new traders compared to other trading companies.

Customer service

IFX Brokers ensures that the clients are constantly guided and supported in their trading journey. A team of professionals helps the customers to deal with issues through various modes of communication, such as email, telephone, and other media. Customers can also contact the team through social media platforms.

Conclusion

IFX Broker should be a preferred choice for all levels of traders since they provide a lot of features, a secure trading environment, a variety of assets, and many other benefits. They consistently work for the clients and the ultimate goal is to provide customer satisfaction. IFX traders are offered several tools to assist them in their trading journey.