IFEXCAPITAL

IFEXCAPITAL Information

IFEXCAPITAL, a global brokerage based in Mauritius, offers a wide array of financial instruments, spanning Crypto, Commodities, Stocks, Indices, Forex, and Metals. It is, however, significant to mention that the broker currently only holds an offshore FSC license.

Pros & Cons

Pros:

• Diversified Instruments: IFEXCAPITAL offers 250+ financial instruments to trade, providing customers with many options for investment and the ability to diversify their portfolio.
• Multiple Account Types, No deposit limits: With four account types, IFEXCAPITAL allows customers to choose plans that best suit their trading experience, financial goals and risk tolerance.
• Tight starting Spreads: Tight starting spreads starting from 0.03 pips can be favorable for cost-sensitive traders.
• Zero Commissions: IFEXCAPITAL does not charge commissions which means less trading costs and higher profit margins for traders.
• Flexible leverage ratios: With flexible leverage ratios from 1:200 to 1:500 for different account types, clients can increase their exposure to the market, allowing for larger trades without requiring the full capital upfront.
• Rich Customer Support Options: A variety of customer support options of this broker ensures effective and timely communication which can be crucial for a smooth trading experience.
• Islamic Account Available: Offering Islamic accounts means users who observe Islamic law can trade without violating any of its principles.

Cons:

• No MT4/5 Platforms: IFEXCAPITAL does not offer the widely-used MT4/5 platforms which limits trading experience of some traders, particularly those who prefer these platforms for their advanced charting features, automated trading options, and customization capability.

Is IFEXCAPITAL Legit?

When considering the safety of a brokerage like IFEXCAPITAL or any other platform, it's important to conduct thorough research and consider various factors.

• Regulatory sight: Taking into account the operations of IFEXCAPITAL, there are serious concerns due to their offshore regulation status. Investors should proceed with their financial transactions with great caution.
  
• User feedback: To get a deeper understanding of the brokerage, it is suggested that traders explore reviews and feedbacks from existing clients. These shared insights and experiences from users can be accessed on reputable websites and discussion platforms.
• Security measures: IFEXCAPITAL enforces a privacy policy and Anti-Money Laundering (AML) policy for security. These measures aim to safeguard client information, prevent identity theft, and deter illegal financial activities.

Market Instruments

IFEXCAPITAL offers clients an extensive range of more than 250 asset CFDs to trade on. This includes forex currency pairs, allowing traders to speculate on the price movements of major, minor, and exotic currency pairs globally.

The broker provides cryptocurrencies for those interested in exploring the dynamic world of digital assets.

For traders seeking to involve themselves in broad market movements, IFEXCAPITAL also offers indices.

To serve traders with an interest in commodities, the platform provides precious metals and energies.

Further catering to different investment preferences, the platform offers shares/stocks from international markets, enabling clients to cash in on corporate performances around the world.

Account Types

IFEXCAPITAL offers four account types: Silver, Gold, Platinum, and VIP, tailored to different client groups.

The Silver account provides a solid entry point with spreads from 0.065, no deposit limits, and access to over 250 assets. It features a No Dealing Desk (NDD) execution model and an average execution speed of 0.08 seconds.

The Gold account enhances these features with tighter spreads starting from 0.045 and a faster average execution speed of 0.05 seconds, maintaining the same asset range and support structure.

Platinum and VIP accounts offer premium features for more advanced traders. Both boast spreads from as low as 0.025, zero commission, and additional benefits such as swap discounts up to 50%, news alerts, free VPS, and hedging capabilities. These accounts maintain the no deposit limit policy and comprehensive 24/5 support.

The VIP account stands out by offering the most flexibility in execution models, including Match TradeNDD, Match TradeNCC, Match Trade Fixed, and Match Trade Cent. All account types support multiple base currencies (EUR, GBP, USD, AUD, CHF, CAD, NZD) and offer account currencies in USD, EUR, and GBP, targeting global clientele with different trading preferences.

Moreover, swap discounts are available for different account types. The Silver account comes with no swap discount whereas the Gold, Platinum, and VIP accounts offer swap discounts at increasing rates. Gold account holders receive a 10% swap discount,Platinum account holders benefit from a 25% discount, and VIP account holders get a 50% swap discount.

Furthermore, IFEXCAPITAL also exhibits cultural sensitivity by providing an Islamic account option for all account types. These Islamic or interest-free/swap-free accounts are designed to comply with Sharia law, and they do not incur swap or interest charges for overnight positions, aligning with the prohibition of usury in Islamic finance.

However, it's noteworthy that specific information, such as the minimum deposit requirement for each account type, is not readily available.

Leverage

IFEXCAPITAL provides different leverage ratios depending on the account type and asset category, allowing for flexibility in trading strategies.

For their account types: Silver, Gold, Platinum, and VIP, the leverage for FX trading is 1:200, 1:200, 1:400, and 1:500 respectively.

For commodities, it's 1:50, 1:50, 1:100, 1:125, while for metals, it's 1:50, 1:75, 1:100, and 1:125.

Stocks/Equities trading consistently offers 1:10 leverage across all account types.

For indices, leverage rises from 1:50 to 1:125 across the accounts, and for crypto, it ranges from 1:2 to 1:5 from Silver to VIP accounts.

Spreads & Commissions

IFEXCAPITAL adopts a tiered spread structure across its account types. Silver account holders incur spreads as quoted. For Gold account holders, spreads are 20% less, and for Platinum, they're reduced by 30%. The VIP account, on the other hand, enjoys the highest level of cost reduction: spreads are 50% less than quoted.

Notably, all account types, including the VIP, benefit from zero commission trading. This combination of reduced spreads and absence of commission lowers the cost of trading, contributing to improved profitability for IFEXCAPITAL clients.

Trading Platform

IFEXCAPITAL utilizes a proprietary platform with both a web-based and mobile trading app solution for their clients. This ensures clients' full access to their accounts, allowing them to execute trade orders, including features of stop loss and take profit, irrespective of their location.

The platform is also said to offer numerous financial tools, a comprehensive asset inventory, daily reports, and market newsletters. Furthermore, the app is free, inferring no additional cost burden on the users.

However, it's noteworthy that the app is proprietary and may lack certain features compared to the more mainstream platforms like MT4 or MT5.

Deposits & Withdrawals

IFEXCAPITAL supports multiple payment methods as per the mentioned pictures of the financial service providers' logos. These include globally recognized card payment methods such as MasterCard, Maestro, Visa, and VPay. In addition, online wallet options include Skrill and Neteller.

However, to ensure accuracy, it is advisable to confirm directly with IFEXCAPITAL about the supported payment methods and any associated fees, processing times, or other potential transactional requirements.

Customer Service

Live chat, contact form

Phone: +442070978456 (Monday – Friday: 10-20 GMT-5).

Email: support@Ifexcapital.com

Address: 8th Floor, Hennessy Tower, Pope Hennessy Street, Port Louis, 11328, Mauritius.

Conclusion

In conclusion, IFEXCAPITAL presents itself as a globally accessible online brokerage operating from Mauritius, offering a diverse range of trading instruments including Crypto, Commodities, Stocks, Indices, Forex, and Metals. However, potential investors should approach with caution due to offshore regulated status of the broker. Given these considerations, individuals are encouraged to explore alternative brokers that prioritize transparency, regulatory adherence, and professionalism.

FAQs

Is IFEXCAPITAL regulated?

Yes. It is offshore regulated by FSC.

Is IFEXCAPITAL a good broker for beginners?

No. It is not a good choice for beginners because the offshore regulation is unsafe.

Does IFEXCAPITAL offer industry leading MT4 & MT5?

No. Instead, it is just a web-based IFEXCAPITAL mobile app.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.