IFAFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-28 10:42

Abstract：IFAFX is an unregulated broker founded in 2023 and registered in the Marshall Islands. It offers trading in foreign exchange currency pairs, CFDs on indices, commodities, and precious metals with leverage up to 1:200 and floating spread around 1.7 pips. The trading platform available is the industry-leading MT4. Demo accounts are available and the minimum deposit requirement is as high as 300 USD.

　　Note: IFAFX's official website - https://ifa-fx.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

IFAFXReview Summary
Founded	2023
Registered Country/Region	Marshall Islands
Regulation	No regulation
Market Instruments	Foreign exchange currency pairs, CFDs on indices, commodities, and precious metals
Demo Account	✅
Leverage	Up to 1:200
Spread	From 1.7 pips
Trading Platform	MT4
Min Deposit	$300
Customer Support	Tel: +44 203 519 7060
	Email: support@ifa-fx.com
	Company address: Trust Company Complex, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960

　　IFAFX is an unregulated broker founded in 2023 and registered in the Marshall Islands. It offers trading in foreign exchange currency pairs, CFDs on indices, commodities, and precious metals with leverage up to 1:200 and floating spread around 1.7 pips. The trading platform available is the industry-leading MT4. Demo accounts are available and the minimum deposit requirement is as high as 300 USD.

Pros and Cons

Pros	Cons
Diverse trading assets	Inaccessible website
Multiple account types	No regulation
Demo accounts	Uncompetitive spreads
Islamic accounts	High minimum deposit
MT4 support
Popular payment options

Is IFAFX Legit?

　　No, IFAFX has no valid license from any regulatory institution. Please be aware of the risk!

What Can I Trade on IFAFX?

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Indices	✔
Commodities	✔
Precious metals	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　IFAFX offers three account types, including Standard, Pro and VIP. Besides, demo accounts and Islamic accountsare also available.

Account Type	Min Deposit
Standard	$300
Pro	$5 000
VIP	/

Leverage

　　The maximum leverage available for all accounts is 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

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.