IFX is, without a doubt, one of the most rapidly growing brokers in South Africa. Most reviewers would crown IFX brokers as the most popular broker in the region. We will not explain the reasons for the broker’s immense popularity. However, we will review the IFX brokers’ bonus promotion.
One of the several reasons for the broker’s success is its bonus scheme. A bonus scheme is considered an excellent marketing strategy to get the attention of new traders. In South Africa, a large number of new users stepping in Forex marker are young adults. Hence, bonus promotions are a very successful way of promotion.
We will review the IFX brokers’ bonus offer in this article. Let’s take an in-depth look at it.
IFX Brokers Introduction
IFX brokers is a regulated broker in South Africa. FSCA, South Africa’s department of financial regulation, looks over it. Regulated brokers are safe to trade with for several reasons;
- Security of funds
- Implementation of local laws
- Protection against bankruptcy
- Segregation of funds
Additionally, IFX brokers is South African broker. Thus, you can expect local financial laws and justice to apply to this broker.
IFX brokers offers a comparatively low deposit limit and a moderate leverage rate. Overall, IFX brokers is a good choice for most traders.
General bonus types
Mostly we observe the following bonuses in the Forex broker market.
- Deposit bonus
- Sign-up bonus
- Referral bonus
- Holiday bonus
- Welcome bonus
There are a few other bonuses as well. However, the most popular bonus has to be the sign-up/new user bonus.
IFX brokers bonus offerings
IFX brokers is currently offering two different types of bonuses;
- Deposit bonus
- Referral bonus
Let’s take a look over the bonuses that IFX brokers is offering.
The referral bonus is a type of appreciation bonus. IFX brokers offer a referral bonus to the existing users if they invite their friends to the platform.
This is a great way for IFX brokers to get many new users on their platform. The psychological aspects also add to this equation. Suppose IFX brokers ask you to make an account, and they claim that they have a very good platform. However, it will be a completely different story if your friend or a family member asks you to make an account with IFX brokers.
IFX brokers itself will award the referral bonus amount. To make sure you receive the referral bonus, make sure that your friend signs up using your referral ID. Your friend can also enter your referral code after signing up.
The deposit bonus is specific for new traders on the IFX brokers platform. If you already have an account on IFX brokers, you are not eligible for the deposit bonus.
If you are a new trader, then make sure to follow the following steps;
- Sign-up on IFX brokers website
- Verify your account
- Deposit a minimum amount of money
- Receive a one hundred percent bonus
Remember that this bonus only applies to IFX standard accounts, and demo accounts are not eligible for it.
IFX brokers is a famous broker in South Africa. There are two types of bonuses that a user can get from IFX brokers. Make sure to follow the steps explained in this article to receive the bonuses.