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If you have newly opened your account with IFX Brokers, you should never miss a chance to avail the fantastic IFX Broker bonus! This broker platform is available with some amazing bonus offers for existing and new clients to have an everlasting trading experience.
To get started trading with IDX Broker, clients can choose from a variety of instruments and products. For example, it includes energy, indices, Forex, commodities, spot metals, and cryptocurrencies. Additionally, it offers 70 currency pairs and gold, silver, platinum, and palladium oil or natural gas.
A guide on types of bonuses available at IFX Brokers
IFX brokers offer two kinds of bonuses to new and old traders. You can use each of the bonuses for your trading time according to the requirements and features. The bonuses are:
- Sign up Bonus
- Referral Bonus
Let’s discuss each one of these bonuses in detail below:
1. Sign-up Bonus
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If you have just registered for an IFX trading account, you are in luck because you can claim the welcome bonus immediately. The bonus is awarded to all new account holders as a 100% deposit bonus. It is available under the following conditions:
- To become part of the Bonus Scheme, participants must first open an IFX BrokersTM Holdings Account with IFX Brokers. The account should be opened following the account opening agreement. Participants must be at least 18 years old.
- There is no specific time restriction for completing the requirements of bonus volume. However, promotion only applies to first-time deposits of up to USD250 / ZAR3500 and USD1000 / ZAR14000.
If the participant has met all the volume requirements, they will have a maximum of 3 months to claim their bonus. The client cannot claim the bonus after three months.
The maximum amount which can be active for the bonus promotion is around USD 1000 / ZAR 14000. It is limited to just one trading account.
This bonus is just granted on the currency accounts. It excludes trading on oil transactions, gold, UK and US Shares, and Indices. After the broker opens its funding account, it can easily access currency pairs.
Bonus is just the ordinary way with which the broker can earn some rewards for making high money. Unfortunately, you cannot use this bonus on your demo accounts. Some brokers do offer to sign up for the demo account in which prizes are also available. But no such offer is available with IFX Brokers.
2. Referral Bonus
Next, we have a referral bonus which is quite obvious from its name! In this bonus, existing traders can earn some greater reward by referring their friend to be a part of this broker.
The broker will compensate the trader when the referral results when that friend signs up for opening the real account.
IFX Brokers can also participate in the “Introducing Broker scheme.” Through this scheme, participants can earn some rebates when they refer some new clients to the broker. This program is accessible to all those traders who wish to be IB.
Do IFX Brokers offer any additional reward, bonus, or promotion?
Currently, this platform is not offering any bonus, reward, or promotion to its customers. Additionally, no trading bonus or deposit bonus is provided.
Minimum deposits spread and account types with IFX Brokers
Several IFX trading accounts suit your needs, and each account is designed to meet your basic needs. They do offer some real trading accounts. But at the same time, they also support the beginner trader with their IFX Demo Account.
Two types of trading accounts available at IFX Brokers are:
- IFX Standard
- IFX VIP
Both accounts have leverage ratios of 1:500, which is quite impressive. However, higher leverage will always bring some benefits to traders. For example, when the trading market takes a wrong turn, they might be inclined to take higher risks.
For the IFX Standard account, the minimum deposit is $100, which is an average amount. They have the spreads from 2 pips on the EUR/USD, which is a bit higher.
No spreads are available on the IFX VIP account. The minimum deposit for this account is 20,000 USD.
Withdrawal and deposit processes are generated according to the account type. Process completion also depends on the payment method you have selected. Compared to the other payment methods, the bank transfer method generally takes the longest.
Which trading platform is supported by IFX Brokers?
IFX Brokers generally supports the platform of MetaTrader4, which is a prevalent one among both brokers and traders. Therefore, you will greatly benefit from using the MT4 platform for your trading account.
The MetaTrader 4 platform provides improved charting functionality with some of the latest order management tools. It is also available with a multilingual interface to comprehensively analyse and provide access to multiple chart setups.
The MT4 platform is available on Android and desktop devices. Due to its web-based nature, it allows trading to be a very convenient and efficient process. In addition, it is easy to operate through different platforms. This includes Linux, Mac, or Windows.
The platform can be used for various instruments, including energies, indices, Forex, commodities, spot metals, and cryptocurrencies. Naturally, you should look for the trading currency which you feel is the right one for you.
As a beginner, always start with a small trading instrument to understand what trading is all about.
Bottom line
Last but not least, IFX Brokers is a legit and reliable forex broker that is regulated by the South African Financial Sector Conduct Authority. The broker offers various currency pairs, a high leverage ratio, and the most trusted MetaTrader4 platform.
Overall, it is a safe platform to start trading with. The low minimum deposit makes it extremely popular among traders. Visit the official site of IFX Brokers and open your trading account right now!
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