IFAFX

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.

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

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?

Account Type

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

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.

Deposit and Withdrawal

IFAFX supports traders to deposit and withdraw funds to and from their accounts via credit/debit card, bank wire, Skrill, NETELLER.