General information and regulations of IFA Brokers
IFA Brokers declares itself as an international online web and mobile app platform that puts access to worldwide stock exchanges in the fingertips of our users while offering amazing localized features to investors all across Southeast Asia at the lowest brokerage charge. However, the contents on its website are quite limited.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
Currency pairs, commodities, futures, bonds, equities, funds, CFDs, ETFs .....IFA Brokers allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on IFA Brokers.
Spreads and commissions for trading with IFA Brokers
IFA Brokers does not detail on its website additional trading costs such as spreads, commissions, SWAPs, etc. These costs are very important when calculating profits and losses, and should be considered in aggregate and not chosen in isolation. If you want to trade with IFA Brokers, we recommend that you take the time to calculate these transaction costs.
Account Types for IFA Brokers
IFA Brokers does not provide account information. Generally, Forex brokers offer several different levels of real accounts with different trading conditions (leverage, spreads, commissions, etc.) depending on the minimum deposit amount. In addition, many brokers offer demo accounts, where interested parties can trade without incurring real money losses. Due to the law prohibiting interest in the Islamic region, some brokers also offer Islamic accounts without overnight interest charges.
Trading platforms offered by IFA Brokers
IFA Brokers does not give information about its trading platform, but from the peers and the website as a whole, it should be a trading platform developed by itself.
Leverage offered by IFA Brokers
You can't find information about trading leverage on IFA Brokers's website. Some forex brokers offer leverage of up to 1:500, but newbies are advised to be cautious about such high leverage.
Deposit and withdrawal methods and fees
IFA Brokers is ambiguous about how deposits and withdrawals work. Wire transfers, MasterCard, VISA, Maestro and some e-wallet processors such as Skrill, Neteller, PayPal and others are some of the most frequent and popular payment methods handled by most Forex brokers. The speed of withdrawing funds from a forex broker is also one of the most important factors in building a broker's reputation.
Educational resources
There is no education section on the IFA Brokers website. Many brokers are able to provide a variety of educational resources such as video courses, seminars, e-books, related articles, glossaries that provide some basic knowledge about trading. This is not the case with IFA Brokers.
Customer support of IFA Brokers
Below are the details about the customer service.
Language(s): English
Email: support@ifa-brokers.com
Address: Brumby Centre, Lot 42, Jalan Muhibbah, 87000 Federal Territory of Labuan, Malaysia
Users exposures on WikiFX
We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.
Advantages and disadvantages of IFA Brokers
Advantages:
Wide range of instruments.
Disadvantages:
No effective regulation
Few information available
Frequent asked questions about IFA Brokers
Is this broker well regulated？
No, it is currently not effectively regulated and you are advised to be aware of its potential risks.
What instruments can I trade at IFA Brokers？
IFA Brokers offers a range of financial instruments, such as currency pairs, commodities, futures, bonds, equities, funds, CFDs, ETFs.
