IfineFX-Overview of Minimum Deposit, Leverage, Spreads

Note: Since IfineFXs official site (https://ifinefx.com) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

IfineFX, a trading name of Ifine Capital LTD, is allegedly a forex broker based in the UK that provides its clients with a web-based trading platform, leverage up to 1:400, quite high spreads on a variety of tradable assets, as well as 24/5 customer support service.

Market Instruments

IfineFX advertises that it is a multi-asset platform with a variety of trading instruments in financial markets, including forex, stocks, commodities, indices and cryptocurrencies.

Leverage

The maximum leverage ratio provided by IfineFX is much higher than most brokers, up to 1:400. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

As tested on the demo account of IfineFX, the spread for the EUR/USD was floating around 30 pips. However, on the home page of its official site, the broker claims to offer spreads as low as 0.2 pips.

Trading Platform Available

When it comes to trading platforms available, IfineFX says to give traders the industry-standard MetaTrader4 (we were not able to find a download link anywhere) and a web-based trading platform. Anyway, we suggest you use MT4 or MT5 as the trading platform. MetaTrader is the most popular forex trading platform, which the traders praise for its stability and trustworthiness. It features sophisticated trading tools such as Expert Advisors, Algo trading, Complex indicators and Strategy tester. Metatrader created a marketplace with currently 10,000+ trading apps the traders can utilize to achieve better results. Both the MT4 and MT5 have mobile APPs, trading can be done from anywhere and at any time through the right mobile terminals including iOS and Android devices.

Deposit & Withdrawal

IfineFX accepts deposits and withdrawals with credit cards and wire transfers. The minimum withdrawal amount is $100, while there is no minimum withdrawal amount specified. The withdrawal request is said to be processed within 5-10 days.

Bonuses

IfineFX claims to offer a 100% max bonus, 50% attractive bonus and a birthday bonus, yet we cannot be sure if the bonus is really available without any condition. The welcome bonus varies on the minimum deposit amount. For example, if traders deposit $100+, the welcome bonus is $20; $500+ deposit with $50 bonus; $1,000+ deposit with $100 bonus and $5,000+ deposit with $500 bonus. Note that the welcome bonus only can be withdrawn after the amount of forex trading transaction is completed. More details can be found in the below screenshot.

Customer Support

IfineFXs customer support can be reached by telephone: +442037699534, email: support@ifinefx.com. Besides, you can also follow this broker on some social media platforms like Facebook, LinkedIn, Twitter and Skype. Company address: Level 39, 1 Canada Square, Canary Wharf, London E14 5AB, UK.