Technology

IFX Broker minimum deposit

IFX broker is an online trading broker, it has been operating in South Africa since 2012 and has become the center of attention of up to 80M traders worldwide. A broker that trusts upon competency, transparency, and reliability, which are the foundations of any successful company. 

If you’d open an account with a particular broker, scroll down to find out more and intend to take the right decision accordingly. 

                                            IFX Broker South Africa

Ratings 4.3/5
Min. DepositUSD 100
Regulatory entitiesFSCA
Trading DeskNo trading desk
Total pairs200
Islamic AccountYes
Trading feesRelatively low
Account Activation TimeApprox. 24 hours

 

The best Broker for all types of trades from beginners to experienced as it offers a minimum deposit amount of $100 that is comparatively low, but it also varies according to selected account types. 

IFX Broker minimum deposit 

The minimum deposit is an amount that requires opening a real account with a particular broker. Like IFX Broker minimum deposit requires USD 100 ( One Hundred) to activate a real trading account. It offers three types of account types; IFX Standard, IFX Raw, and IFX Islamic. 

If you are a first-time trader, the minimum deposit amount can vary based on your opting account type. For example, the minimum deposit for IFX Standard is $100, IFX Raw is activated with the minimum deposit of $250 and $100 required for IFX Islamic accounts. 

Moreover, new traders can also open a demo account to learn the whole game of trading before stepping in. 

Deposit methods with Ifx broker

Apart from the minimum deposits and all the financial assets, sadly, Ifx broker offers only a limited deposit and withdrawal methods that are following.

  • Visa
  • Wire transfer
  • Pay Fast

Withdrawals take place within 2-4 hours for a South African client, but if you are not a South African citizen, Withdrawals can extend to in-between 3-5 working days. 

Deposit fees

One more crucial thing, traders should consider is that the Ifx broker doesn’t incur any deposit or withdrawal fee, but the payments via international banks may charge costs by both parties. 

In addition, if you are holding an Ifx VIP account, then that Broker will cover such charges, and you will not be subjected to any fee. 

Deposit Currencies

A wide selection of significant currencies is supported by Ifx brokers, including USD, AUD, NZ, JPY, CAD, and RAND/ ZAR. But keep in mind that receiving funds in other currencies will be subjected to conversion fees. 

Bit-by-bit guide to depositing minimum

Follow the bit-by-bit guide to funding you’re an account with Ifx broker minimum deposit.

  • Firstly, move to the account’s portal on the Broker’s site
  • Secondly, log login your account
  • Tap on the “Fund Account” option
  • Select an efficient deposit method
  • Specify the deposit payment
  • And lastly, confirm your deposit

Final Verdict

From the top of that, IFX broker can be an impactful strategy to boost your online trading. Highly recommended for the inexperienced traders as it offers a low minimum deposit of $100. Open an account with an IFX broker minimum deposit and increase your exposure to market in an effective way.

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