The Financial Sector Conduct Authority (FSCA) is the market conduct regulator of financial institutions, that provide financial products and financial services, financial institutions that are licensed in terms of a financial sector law, including banks, insurers, retirement funds and administrators, and market infrastructures. The FSCA is responsible for market conduct regulation and supervision. FSCA aims to enhance and support the efficiency and integrity of financial markets and to protect financial customers by promoting their fair treatment by financial institutions, as well as providing financial customers with financial education. The FSCA will further assist in maintaining financial stability.
License Type:Financial Service Corporate
Regulated in Country/AreaSouth Africa
Regulatory License No.：48021
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :79 DA GAMA ROAD JEFFREYS BAY 6630
Phone Number of Licensed Institution :042 294 00560
Most visited countries/areas
The data are from WIKI Research 2021.09.28 updated
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General Information & Regulation
IFX Brokers is the trading name of IFX Brokers Holdings (Pty) Ltd, a South African-based online brokerage firm established in 2018. IFX Brokers Holdings (Pty) Ltd is authorized and regulated by the South African Financial Sector Conduct, with regulatory license number: 48021. IFX Brokers Holdings (PTY) Ltd does not offer its services to the residents of certain jurisdictions such as EU Member States, Iceland, Norway, Liechtenstein, Afghanistan, Democratic Peoples Republic of Korea, Ghana, Iran, Iraq, Libya, Mongolia, Myanmar, Nicaragua, Panama, Somalia, Syrian Arab Republic, UAE, Uganda, United States of America, Canada, Yemen, Zimbabwe.
IFX Brokers Market Instruments
IFX Brokers offers investors a wide range of financial instruments, including Forex currency pairs, indices, commodities, energy, metals, futures, and more.
IFX Brokers offers five trading accounts in total, namely Standard, Premium, VIP, Cent and Islamic accounts. The minimum deposit requirments vary from 10 USD to USD1000 depending on trading conditions. For basic choices, the Standard, the cent and the Islamic accounts ask at least $10 to open an account, which is quite reasonable for most regular traders.
IFX Brokers Leverage
The maximum trading leverage offered by IFX Brokers is up to 1:500, with the Cent account offering a higher leverage level, reaching up to 1:1000. Inexperienced traders are not advised to use such high leverage in case of high risks.
Spreads & Commissions
Spreads and commissions vary depending on various trading accounts. The EUR/USD pair start from 1.3 pips
IFX Brokers Trading platform
IFX Brokers offers traders the most popular and advanced MT4 trading platform available today. MT4 is the ideal forex trading platform, offering traders a diverse range of trading assets and a multilingual trading interface. MT4 has comprehensive analytical tools, allows for multiple chart settings, supports one-click execution, stops and limits orders, and is available for Windows & Mac desktop, web, and mobile APP (Android & iOS).
Deposit & Withdrawal
IFX Brokers supports traders to deposit & withdraw funds from their investment accounts via wire transfer, credit/debit cards, NETELLER & Skrill, and other online payment methods.
IFX Brokers Cons
1. Spreads not very competitive
2. Not accepting US Clients
3. No real-time customer support
4. Fewer options for deposit and withdrawal methods
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.