Wikilix
IFX logo

IFX

Offshore
United Kingdom
,
Since 2018
Last Updated:
62/100
Overall Score

Trading Conditions

Min Deposit:
USD10
Max Leverage:
500
Account Types
StandardPremiumVIP+3 more

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

6 methods

Bank Transfer

bank transfer
2 days
Fee:
2.5%
Fee:
Free

Visa and Mastercard

credit card
Instant
Fee:
Free
Fee:
Free

Skrill and Neteller

e wallet
Instant
Fee:
Free
Fee:
Free

Bitcoin, Ethereum, Litecoin, and others

crypto
Instant
Fee:
Free
Fee:
Free

Ozow and PayFast

other
Instant
Fee:
Free
Fee:
Free

Broker-to-Broker Transfers

other
hours
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 70%, 2: License 65%, 3: Software 51%, 4: Spread 0%, 5: Account Type 62%, 6: Symbol 0%
Regulation
70%Good
License
65%Good
Software
51%Fair
Spread
0%Poor
Account Type
62%Fair
Symbol
0%Poor

Company Information

Full Name:IFX (UK) Ltd
Founded:2018
Headquarters:United Kingdom
Enterprise Offices:2offices

Customer Support

Phone:
+44 (0)20 7495 8888
Live Chat:
business_hours
Response Time:
Languages:
English
Scroll Down
Editorial review
Updated

Broker Summary

What Wikilix has recorded about IFX: its history, the licences it holds, its trading conditions and its fees.

Introduction

IFX is promoted as an online financial services and trading firm; they claim to offer access to multiple trading markets and associated services. However, there is a marked absence of verified public information about this organization. This includes records of corporate history, details about regulatory bodies and licenses, specific trading conditions, and transparency in operations.

Since IFX’s information lacks independent verification, we urge traders and investors to thoroughly research before opening an account or depositing funds with IFX.

Company History/Background

Limited publicly available verified information is available about any of the following: when it was formed, where its headquarters are located, how it is owned, or when it was formed, compared to publicly regulated brokers that publicly disclose company registration records, licensing information, management, and operational history.

Insufficient independent, verified corporate and historical data prevent us from categorically assessing IFX’s long-term credibility, financial condition, or operational history.

Products/Services

IFX claims to provide access to a variety of financial markets and trading products. Based on our review of their website, the specific instruments and services offered may include:

  1. Forex currency pairs

  2. Commodities, including gold, oil, and

  3. Stock market indices

  4. Cryptocurrency-related products or CFDs

However, IFX does not publicly disclose the precise features of its products or services, including supported instruments, account structures, execution protocols, average spreads/leverage, and trading platform architecture. As a result, traders cannot independently confirm the full range of IFX offerings.

 

 Trading Platforms and Technology

IFX does not disclose specific trading platforms in public documents.
In general, most brokers within this broad industry typically provide platform options, including:
• MetaTrader 4
• MetaTrader 5
• Branded proprietary web-based or mobile platforms.
There are no public disclosures confirming which platforms IFX supports.
New clients are encouraged to directly verify the availability of platforms, execution methodologies, and trading tools prior to establishing an account with IFX.

Regulation&Licensing

Having regulatory oversight is critical when assessing any broker or financial services firm.
At this time, there is no easily verifiable evidence supporting IFX as a licensed financial services firm under any of the major financial authorities listed below
• The United Kingdom's Financial Conduct Authority
• The Australian Securities & Investments Commission
• The Cyprus Securities and Exchange Commission
• The U.S. Commodities Futures Trading Commission
Due to this lack of information about regulatory oversight, the risk of doing business with this broker is increased to an unacceptable level for individual traders.
Traders should always verify any licensure claims with official regulator databases before opening an account.

Regulator

License Number

Status

No verified major regulation found

N/A

Unverified

Trading Conditions

IFX does not offer adequate public information on the detailed trading terms. Some of the key pieces of information for which there are currently no details are as follows:
• Average spreads
• Maximum leverage
• Minimum deposits
• Margin requirements
• Model for order execution
• Charges for swaps and overnight financing
Without transparent trading specifications, traders cannot compare IFX to other regulated brokers.

Trading Condition

Details

Spreads

Limited information available

Leverage

Limited information available

Minimum Deposit

Limited information available

Trading Platforms

Limited information available

Fees and Costs

Understand the broker's fee structure before opening an account.
As of now, the following fee information is not made available to the public by IFX on its website:
• Deposit Fees
• Withdrawal fees
• Commissions when trading
• Inactivity Fees
• Swap or rollover Fees
The degree of fee transparency should be considered an indication of the company's operational transparency and its approach to protecting its clients.
Brokers must fully disclose all fees before accepting deposits.

Fee Type

Details

Deposit Fees

Limited information available

Withdrawal Fees

Limited information available

Commission

Limited information available

User Experience and Market Reputation

Currently, there is little independent, publicly available feedback on IFX's customer experience, withdrawal reliability, platform stability, or support quality.

 

Because there are few verified reviews and little transparency, traders should be cautious and do further research before using this broker.

 

Actions that traders will take before opening an account include:

 

• Verification of the broker's regulatory status

 

• Testing for the response of customer support

 

• Reviewing with care the withdrawal procedure

 

• Searching for independent third-party reviews

 

• Not depositing any funds they cannot afford to lose

Conclusion

IFX is a trading and financial services company that lacks publicly available information on its regulatory framework, organizational structure, trading conditions, and operational transparency.
Because there is little or no verifiable licensing information and only scant disclosure documents available from IFX, it is difficult to assess the broker's credibility independently or to determine the overall risk for traders.
Given these concerns, traders should exercise caution, independently confirm all broker representations, and perform rigorous due diligence before considering IFX as a brokerage.

 

Regulation check

Regulatory Licenses

IFX is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked row is not a finding either way.

0 of 3 checked
Licences on record
3
Confirmed on register
0
Tier 1 or 2
2
Offshore
1

How far our check got

  • 3 not yet checked
  • FCATier 1United KingdomCommon Business RegistrationNo. 900517

    What the register says

    Licence number
    900517
    Type
    Common Business Registration

    Client protection under this licence

    • Compensation schemeUp to £85000 (FSCS)
    • Client money kept separate
    • Negative balance protection
    • Complaints routeFinancial Ombudsman Service
    • Maximum leverage1:30

    These are the rules FCA sets for the firms it licenses. They are not a statement about how IFX applies them, or about which of its companies would hold your account.

    About Financial Conduct Authority

    Onshore regulatorGovernment bodyCompensation: Up to £85000 (FSCS)Public registerTransparency: high
    Typical cost of this licence
    £100000+ (including compliance setup)
    Open the full licence record
  • DFSATier 2United Arab EmiratesCommon Financial Service LicenseNo. F001814

    What the register says

    Licence number
    F001814
    Type
    Common Financial Service License

    Client protection under this licence

    • No compensation schemeNo mandatory insurance (but strict fund segregation)
    • Client money kept separate
    • Negative balance protection
    • Complaints routeDFSA Complaints
    • Maximum leverage1:150

    These are the rules DFSA sets for the firms it licenses. They are not a statement about how IFX applies them, or about which of its companies would hold your account.

    About Dubai Financial Services Authority

    Onshore regulatorCompensation: No mandatory insurance (but strict fund segregation)Public registerTransparency: high
    Typical cost of this licence
    USD 50000-100000
    Open the full licence record
  • FSCATier 2OffshoreSouth AfricaFinancial ServiceNo. 48021

    What the register says

    Licence number
    48021
    Type
    Financial Service

    Client protection under this licence

    • Compensation schemeUp to ZAR 500,000
    • Complaints routeFSCA Dispute Resolution
    • Maximum leverage1:30

    These are the rules FSCA sets for the firms it licenses. They are not a statement about how IFX applies them, or about which of its companies would hold your account.

    About Financial Sector Conduct Authority

    Offshore regulatorGovernment bodyCompensation: Up to ZAR 500,000Public registerTransparency: high
    Typical cost of this licence
    USD 50,000-100,000 + ~USD 270k capital
    Open the full licence record
Trading accounts
Updated

Account Types

6 account types on record. Minimum deposit from USD 10. Leverage up to 1:1000.

6 account types
AccountMin DepositLeverageCommission
StandardUSD 101:500No commission & no hidden costs
PremiumVIPUSD 2501:500No commission & no hidden costs
VIPUSD 1,0001:500Yes - USD 6
IslamicSwap-FreeUSD 101:500No commission & no hidden costs
CentUSD 101:1000No commission & no hidden costs
RAWECNUSD 2501:500Yes - USD 6
Account names and conditions as published by IFX, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

6 ways to fund an account. 5 with no deposit fee. 4 credit instantly. The costliest way in is Bank Transfer at 2.5%.

6 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank TransferBank Transfer12.5%FreeNot recordedZAR 50ZAR 100,0002 days
Visa and MastercardCredit Card1FreeFreeNot recordedNot recordedNot recordedInstant
Skrill and NetellerE-Wallet
Available globally. Supports USD and ZAR currencies. Third party fees may apply.
FreeFreeNot recordedNot recordedNot recordedInstant
Bitcoin, Ethereum, Litecoin, and othersCryptocurrencyAvailable globally. Third party fees may apply.FreeFreeNot recordedNot recordedNot recordedInstant
Ozow and PayFastOther1FreeFreeNot recordedNot recordedNot recordedInstant
Broker-to-Broker TransfersOther
Ensure both brokers support this transfer method. Available globally depending on broker participation.
FreeFreeNot recordedNot recordedNot recordedhour

Broker's notes on these methods

  1. Primarily for South African clients. Third party fees may apply. · applies to 3 methods
Fees, limits and processing times as published by IFX, recorded by Wikilix.
Trading software

Trading Platforms

2 trading platforms on record: MetaTrader 5 and MetaTrader 4.

2 platforms
  • MetaTrader 5 logo

    MetaTrader 5

    by MetaQuotes Software Corpsince 2010Developer site

    MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.

    Runs on

    • Windows
    • Mac
    • Linux
    • Web
    • Android
    • iOS
    • API
    Details
  • MetaTrader 4 logo

    MetaTrader 4

    by MetaQuotes Software Corp.since 2005Developer site

    MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.

    Runs on

    • Windows
    • Mac
    • Web
    • Android
    • iOS
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Websites

Global Domains

One domain on record. All active and served over HTTPS.

1 domain
  • ifxbrokers.comMain siteActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Social channels

Social Presence

3 official channels on record.

3 channels
Channels as published by the broker, recorded by Wikilix.
Legal entities

Corporate Network

2 legal entities behind the IFX brand.

2 entities
  • IFX (UK) LTDActiveUnited KingdomRegistration 05422718Established Aug 18, 2018
  • IFX (UK) LimitedActiveUnited Arab EmiratesRegistration 1363
Entities named in the broker's own documents and company registers, recorded by Wikilix.

Comments

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