6 IFX Brokers Account Types: Compare Standard, VIP, Cent & Islamic

IFX Brokers has 6 account types designed for different trading needs, including Standard

1. Premium.
2. VIP.
3. Islamic.
4. Cent Accounts.
5. Raw Account.
6. Demo Accounts.

These options suit both beginners and experienced traders. Beginners can start with lower deposits, while experienced traders can choose accounts with tighter spreads or raw pricing. 

The plus point is that all accounts work on MT4 and MT5. So, it’s not like you will miss some technology if you choose 1 account & neglect the others. But yes, each account has a different offer.

Today's discussion is wanna be about IFX brokers' account types and charges. So stay tuned to learn all that.

IFX Premium Account

A Premium Account is like a step up after a basic trading account. It’s not too advanced, not too expensive, but noticeably better.

If you’re new to trading but already understand the basics, this account will give you smoother trading conditions without forcing you into a high-deposit VIP setup.

You start with a minimum deposit of around $250. In return, you get tighter spreads starting from about 1 pip. It means lower trading costs compared to a Standard account. 

The best part is that there are no commissions. So, what you see in the spread is what you pay.

You can trade with leverage up to 1:500, giving you flexibility if you know how to manage risk properly.

Risk controls are clearly defined. A margin call kicks in at 60%, giving you a warning when your account equity drops too low. If losses continue, the stop-out level is set at 20%, where positions may start closing automatically to prevent further losses.

You can choose from multiple base currencies, including ZAR, USD, GBP, and EUR, which helps avoid unnecessary currency conversion fees when funding your account.

All trades use market execution, meaning orders are filled at the best available market price, without requotes. The trading server is located in London, helping ensure stable connections and reliable execution.

So who is this account really for?

It’s ideal for traders who have moved past the beginner phase and want better pricing without jumping into a VIP account.

IFX Standard

The IFX Standard Account is the most basic and beginner-friendly account at IFX Brokers. It’s made for people who are just starting out and don’t want to risk a lot of money right away.

You can open this account with as little as $10, which makes it easy to practice real trading without pressure.

There are no commissions on this account. Instead of paying fees per trade, your cost is included in the spread & it usually starts from around 1.3 pips. That keeps things simple and predictable, especially for beginners.

Also, there are so many options to explore. You can trade many markets from one account, including-

• Forex.
• Indices.
• Commodities.
• Cryptocurrencies.
• Shares.

Trades can be as small as 0.01 lots, so you don’t have to go big while you’re still learning. The account also allows high leverage (up to 1:1000), though using lower leverage is safer when you’re new.

If somehow your account balance starts dropping, IFX gives you warnings. 

A margin call happens at 50%, letting you know you’re running low, and a stop-out at 30% means trades may close automatically to protect your remaining funds. Swap fees apply for overnight trades. But there’s a swap-free Islamic option if you need it.

You can choose your account currency from USD, EUR, GBP, or ZAR. It helps avoid extra conversion costs. Trades are executed at market price using London-based servers, and one-click trading is available if you want faster entries.

Basically, a standard Account is good for learning, practicing, and growing slowly. It’s flexible, low-cost, and works with almost any trading style. So, it's a solid starting point if you’re new to trading.

IFX VIP Account

VIP Account is not meant for beginners, mainly because it requires a higher starting deposit of around $1,000. In return, you get much better trading conditions.

The biggest advantage of the VIP account is its tight spreads, which start from 0.5 pips. This means your trades cost less compared to standard accounts, especially if you trade frequently.

However, unlike beginner accounts, the VIP account does charge a commission of about $6 per trade. So, it’s best suited for traders who understand how spreads and commissions work together.

This account has advanced charting tools, indicators, and fast execution. Trades are mainly executed at market price using London-based servers. This account also has one-click trading. It ensures faster order placement.

The minimum trade size is still small at 0.01 lots, so you can control your risk even with a larger account. The account supports all trading strategies like-

• Scalping.
• Swing Trading.
• Longer-Term Positions.

Another thing is that risk control is tighter on this account.

A margin call happens at 40%, and trades may close automatically at a 10% stop-out level. It means you need to manage your trades carefully. You can choose your account currency from USD, EUR, GBP, or ZAR, helping reduce conversion costs.

Mainly, the VIP Account is built for experienced traders who trade often and want lower spreads, even if that means paying commissions. 

So, use this account only if you’re confident in your strategy and trade volume.4

IFX Islamic Trading Account

This account is made for muslim traders who want t o trade in line with Sharia law. It removes overnight interest (riba). It means no swapcharges are applied when trades are held overnight or over the weekend. Instead, trading costs are built into the spread, wtih no hidden commissions.

You can open this account with a minimum deposit of just $10.

The account allows trading across all instruments, including Forex, Indices, Stocks, and Commodities. Swap-free conditions apply to Forex and Commodities. Spreads start from 1.3 pips, the minimum trade size is 0.01 lots, and leverage goes up to 1:500.

Risk controls include a 50% margin call and 30% stop-out level, and you can choose your base currency from USD, EUR, GBP, or ZAR.

Overall, the Islamic Account offers a clear, halal trading option with low entry requirements, flexible leverage, and full platform access.

IFX Cent Account

The Cent Account is a perfect starting point for beginner traders. It lets you trade real money in U.S. cents, keeping risks low while you learn the ropes. 

You can start with a minimum deposit of just $10, and you can start trading on MT4 or MT5 platforms, exploring Forex, Indices, Commodities, and other instruments without putting too much capital at risk.

This account offers high leverage up to 1:1000, tight spreads starting from 1.6 pips, and no hidden commissions. 

Trades are executed via market execution on London-based servers, with convenient features like one-click trading, a user-friendly dashboard, and optional swap-free trading for certain instruments.

Risk management is built in, with a 50% margin call and a 30% stop-out level. Also, you can choose your base currency from USD, EUR, GBP, or ZAR. The account supports all trading strategies. So, it gives beginners the freedom to experiment and learn.

IFX Raw Account

The Raw Account is best suited for experienced traders who want the tightest spreads possible. You can with spreads starting from 0 pips. 

This account is perfect for high-frequency trading, scalping, or anyone who wants minimal trading costs. In return, a small commission per trade applies. This makes it ideal for traders who value cost efficiency over commission-free convenience.

You can access all instruments with leverage up to 1:500. The minimum deposit is $250 USD (≈R4645 ZAR), and trades can start from 0.01 lots. 

The account supports market execution, one-click trading, and allows base currencies in USD, EUR, GBP, or ZAR. Swap fees apply, and the risk management levels are 50% margin call and 20% stop out.

So, it gives traders solid protection while maintaining flexibility.

Compared to a Standard Account, the Raw Account offers tighter spreads but includes a commission. This can make it much cheaper for those trading large volumes. 

Which IFX Broker's Account Should You Try?

See, choosing the right IFX Brokers account depends on your experience, trading style, and how much you’re ready to invest.

But, compared to other brokers like AssetsFX, IFX Broker stands out to us. Cause it offers flexible options and lower minimum deposits. And that makes starting less intimidating.

If you’re just starting out, the Standard Account or Cent Account is perfect. You get to trade real money with very low risk, learn the platforms, and experiment with different strategies without worrying about high costs.

Basically, IFX provides a range that suits everyone from beginners to pro traders.

This broker feels more flexible and approachable, especially if you want options that match your trading style and risk level.