- Regulator
- Capital Markets Authority (CMA)
- Local company
- Not yet verified
- Licence number
- —
- M-Pesa
- Not confirmed
Broker review · Checked
IFX Brokers review 2026: is IFX Brokers legit in Kenya and South Africa?
IFX Brokers is a South African broker whose holding company is an approved local OTC derivative provider on the FSCA list. Accounts can be in rand from $100 on MT4, with a raw account at $3 commission per side. TradeFX says it offers no negative balance protection. Its FSP number is still to be confirmed.
- 🇰🇪 CMANot licensed
- 🇿🇦 FSCAApproved ODP
- Minimum deposit$100
- M-PesaNot confirmed
Is IFX Brokers regulated? Licence by country
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Local company
- IFX Brokers Holdings (Pty) Ltd
- Licence number
- Approved ODP
IFX Brokers Holdings (Pty) Ltd is an approved local OTC derivative provider (ODP) on the FSCA list, checked 29 Oct 2026. Its FSP number is still to be confirmed.
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
About IFX Brokers
IFX Brokers is a trading name of IFX Brokers Holdings (Pty) Ltd. The company appears as an approved local OTC derivative provider on the FSCA list (checked 29 Oct 2026).
Who IFX Brokers suits, and who should look elsewhere
Good fit if you
- are in South Africa and want a ZAR account on MT4
Look elsewhere if you
- are in Kenya
- want negative balance protection
- want MT5
IFX Brokers account types and minimum deposit
| Account | Minimum deposit | Pricing |
|---|---|---|
| Standard | $100 | From about 0.8 pips, no commission |
| Raw | $250 | From about 0.3 pips plus $3 per side |
| Islamic | $100 | From about 0.8 pips, swap-free |
Leverage: Up to 1:500, per TradeFX.
IFX Brokers fees: spreads, commission and other charges
| Deposits | Card, wire and PayFast |
| Card withdrawals | Limited to the amount deposited |
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
IFX Brokers deposits and withdrawals in Kenya and South Africa
🇰🇪 Kenya
- IFX Brokers is not on the CMA register. If it accepts you, your account sits with an offshore company and you have no CMA complaints route.
- No Kenyan payment method confirmed. Expect cards, bank wire or e-wallets such as Skrill and Neteller.
🇿🇦 South Africa
- IFX Brokers Holdings (Pty) Ltd: approved local ODP on the FSCA list.
- ZAR accounts; withdrawals in 2–4 hours reported by TradeFX.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
IFX Brokers trading platforms
- MetaTrader 4
- Copy trading
Is your money safe with IFX Brokers?
- Approved ODP in South Africa.
- No negative balance protection, per TradeFX.
IFX Brokers pros and cons
Pros
- Approved local ODP
- ZAR account
- Low raw commission
Cons
- MT4 only
- No negative balance protection
- FSP number to be confirmed
Our real-money test of IFX Brokers
Coming
We will open a IFX Brokers account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
IFX Brokers withdrawal time: reports from traders
How long do IFX Brokers withdrawals really take?
Loading reports…
Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at IFX Brokers? Get a ready complaint letter and the right regulator contact with our complaint desk →
IFX Brokers: questions people ask
Is IFX Brokers regulated in Kenya?
No. IFX Brokers is not licensed by the CMA. It may still accept clients from Kenya through an offshore company, but you would have no CMA protection or local complaints route.
Is IFX Brokers regulated by the FSCA in South Africa?
Yes. In South Africa, IFX Brokers operates through IFX Brokers Holdings (Pty) Ltd, which holds FSCA licence Approved ODP. Check that this company is named on your client agreement, not an offshore company of the same brand. IFX Brokers Holdings (Pty) Ltd is an approved local OTC derivative provider (ODP) on the FSCA list, checked 29 Oct 2026. Its FSP number is still to be confirmed.
Is IFX Brokers regulated?
IFX Brokers Holdings (Pty) Ltd is an approved local OTC derivative provider on the FSCA list.
Sources for this review (checked 29 Oct 2026)
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.