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IFX brokers minimum deposit review

IFX broker has earned a lot of reputation in South Africa’s Forex trading environment. If you are a long time Forex trader, the odds are pretty high that you have come across the name of IFX brokers several times already. However, since last year when covid restrictions were implemented, there was a spike in the popularity of IFX brokers. Additionally, the IFX brokers bonus program has also grabbed the attention of new traders. 

In this article, we will review IFX brokers minimum deposit details. 

IFX brokers minimum deposit 

IFX brokers has variable minimum deposit values for different account users. Let’s first take a look at the IFX brokers account types.

  • IFX brokers Raw trading account
  • IFX brokers Standard trading account
  • IFX brokers Islamic trading account 

Each account has its trading structure. IFX Raw account offers better trading values for professional traders. Traders get tight spread rates of 0.3 pips. 

Standard and Islamic accounts offer the same trading offers. The spread rates are around 0.8 pips. 

Let’s take a look at the minimum deposit figures for these accounts;

Account type Spreads Lots  Minimum Deposit
Standard  0.8 0.01 100 USD / 1500 ZAR
Raw 0.3 0.01 250 USD / 3750 ZAR
Islamic 0.8 0.01 100 USD / 1500 ZAR

Deposit method 

The deposit method of IFX brokers is simple and streamlined;

  1. Open an account
  2. Go to the funds section
  3. Select a payment method
  4. Transfer funds
  5. Open or close funds

Opening an account is the first step of deposition. If you don’t have an account, then take a look at the following steps,

  1. Open IFX brokers platform
  2. Open the sign-up section
  3. Enter credentials 
  4. Verify your details
  5. Wait for verification to pass-through
  6. Select a payment method and enter funds

Protip 

If you plan to open an account with IFX brokers, adding 250 to 1000 USD to your account will earn you a 100 percent profit. 

Deposit methods

The deposit methods are standard across all South African brokers for the most part. Thus, you will find the same credit, debit, and bank account transfer. 

Deposition fee

There is no IFX brokers deposit fee. However, you may have to pay a small fee to your bank or credit card vendor, especially in the case of online and international transfers.

Deposit time 

Funds almost show up instantly in your IFX brokers accounts. A wire transfer can sometimes take a day or two. Credit card payments show up almost instantly. 

Frequently asked questions 

What is the IFX brokers minimum deposit limit for standard accounts?

The deposit limit for IFX brokers standard accounts is 100 USD.

Can I deposit funds in my IFX account using PayPal?

No, you can’t deposit funds in your IFX brokers account using PayPal.

Do IFX brokers charge any deposit fee?

No, there is no deposit fee for the IFX broker’s account.

How long does it take to deposit funds into the IFX brokers account?

The deposits show up instantly in your account; there is no delay on the broker’s end.

Summary

IFX brokers has a standard deposit limit structure. If you plan to learn more about IFX brokers and their deposit methods, then make sure to check out this link. https://tradefx.co.za/ifx-brokers-minimum-deposit/ 

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