Forex IFX Markets Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

IFX Markets Trading Conditions

Registered Region New Zealand

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@forexcg.com

Contact Number 4001815051

Website www.ifx-cn.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
Multiple account types catering to both beginners and experienced traders
Access to a demo account for risk-free practice and strategy testing
Support for popular trading platform MT4 with advanced features
Flexible deposit and withdrawal options with various payment methods

Cons

Not regulated by any recognized financial authority
No protection measures available for client funds
Limited educational resources for traders
Absence of live chat support
Withdrawal process may involve delays and issues

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	IFX Markets	TIGER BROKERS	FXBTG	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	New Zealand	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does IFX Markets Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	Beginners	Low minimum deposit, access to major currency pairs	Suitable for new traders looking to practice trading
Premium Account	Experienced Traders	Higher leverage, tailored services	Requires a higher initial deposit, ideal for serious traders
Demo Account	All Levels	Free access to practice trading	Provides a risk-free environment for testing trading strategies

Account Opening Process

To open an account with IFX Markets, prospective traders will need to follow a straightforward process that involves submitting personal, employment, and financial information. Identity verification is mandatory, requiring submission of an ID and proof of address. Once set up, clients may find that they have the flexibility to upgrade to a professional account as their trading experience and volume increase.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Tight spreads on popular currency pairs
CFDs (Stocks, Indices)	Varies	$0	Competitive pricing for various indices and stocks
Cryptocurrencies	Varies	$0	Dependent on market conditions

Other Fees

In addition to trading fees, traders should be aware of other potential costs associated with their accounts. These may include deposit and withdrawal fees, inactivity fees for dormant accounts, platform usage fees if applicable, overnight interest (swap rates), and currency conversion fees when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

IFX Markets User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Emily Johnson

Sydney

★ ★ ★ ★ ★

I’ve been trading with IFX Markets for a few months now and I’m really impressed with the MT4 platform. The execution speed is fantastic, and I love the range of trading instruments available. It’s great for someone like me who enjoys diversifying their portfolio. Highly recommend for anyone looking to explore forex and commodities!

Michael Smith

Auckland

★ ★ ★ ★ ★

Overall, my experience with IFX Markets has been positive. The demo account has been incredibly useful for me to practice my strategies. The support team is helpful, although I wish there was a live chat option. Still, the range of account types suits my trading needs well.

Sarah Lee

Melbourne

★ ★ ★ ★ ★

I faced significant issues with withdrawals. After trying to cash out my profits, I was met with delays and requests for additional fees. It felt very frustrating and concerning. I expected more reliability from a trading platform.

Daniel Brown

Wellington

★ ★ ★ ★ ★

My experience with IFX Markets has been nothing short of a nightmare. I was unable to withdraw my funds and was asked to pay extra fees that seemed very suspicious. I feel scammed and would advise others to be cautious.

New Zealand Market