IFAFX Forex Broker

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. IFAFXReview Summary Founded2023 Registered Country/RegionMarshall Islands RegulationNo regulation Market InstrumentsForeign exchange currency pairs, CFDs on indices, commodities, and precious metals Demo Account✅ LeverageUp to 1:200 SpreadFrom 1.7 pips Trading PlatformMT4 Min Deposit$300 Customer SupportTel: +44 203 519 7060 Email: support@ifa-fx.com Company address: Trust Company Complex, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960 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 ProsCons Diverse trading assetsInaccessible website Multiple account typesNo regulation Demo accountsUncompetitive spreads Islamic accountsHigh minimum deposit MT4 support Popular payment optionsIs IFAFX Legit? No, IFAFX has no valid license from any regulatory institution. Please be aware of the risk!What Can I Trade on IFAFX? Tradable InstrumentsSupported Forex✔ CFDs✔ Indices✔ Commodities✔ Precious metals✔ Stocks❌ Cryptocurrencies❌ Bonds❌ Options❌ ETFs❌Account Type IFAFX offers three account types, including Standard, Pro and VIP. Besides, demo accounts and Islamic accountsare also available. Account TypeMin Deposit Standard$300 Pro$5 000 VIP/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. Trading PlatformSupported Available Devices Suitable for MT4✔Web, desktop, mobile appBeginners MT5❌/Experienced tradersDeposit and Withdrawal IFAFX supports traders to deposit and withdraw funds to and from their accounts via credit/debit card, bank wire, Skrill, NETELLER.