General Information & Regulation
IFAFX is a Belize registered Forex and CFD broker and is not currently subject to active regulation.
Market Instruments
IFAFX provides investors with financial instruments such as foreign exchange currency pairs, as well as CFDs on indices, commodities, and precious metals.
Accounts & Leverage
IFAFX only provides investors with a standard account, the account minimum deposit of $1, the minimum transaction size of 0.01 lots. IFAFX also for Muslim traders a total of Islamic accounts, the account minimum deposit of $ 500.
IFAFX Leverage
In terms of trading leverage, the maximum trading leverage offered by IFA FX is up to 1: 100. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
Spreads & Commissions
IFAFX standard account spreads for EURUSD from 0.8 pips, in addition to no other information provided on the trading environment.
Trading Platform
IFAFX provides traders with the most widely used MT4 trading platform, as well as MT4 desktop and mobile app versions. MT4 trading platform provides a large number of technical indicators, backtesting environments, advanced charting tools, and automatic trading options for both novice traders and experienced traders.
Deposit & Withdrawal
IFAFX supports traders to deposit and withdraw funds to and from their accounts via credit/debit card, bank wire, Skrill, NETELLER.
IFAFX Pros & Cons
IFAFX advantages Include:
1. MT4 trading platform
2. Islamic accounts available
IFAFX Disadvantages Include:
1. No regulation
2. Insufficient information on the official website
3. Not offering demo accounts
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