This profile is currently being reviewed by the BestForex.io editorial team. Some information may be incomplete or subject to change.
IFX Markets Review
IFX Markets was a London forex broker that City Index bought in 2006, its FCA authorisation ended in 2008, and Companies House shows it was formally dissolved in 2018.
Min Deposit
$2018
Spreads From
not applicable, IFX Markets Ltd has been dissolved since 2018
Max Leverage
not applicable, IFX Markets Ltd has been dissolved since 2018
Platforms
N/A
Pros
- Bought by City Index in 2006 in a real, publicly documented cash deal
- Its closure trail is fully visible on the official Companies House register
- Client business moved into City Index rather than just vanishing
- Today linked through City Index to StoneX Group, a large public company
Cons
- Lost its own FCA authorisation back in January 2008
- Companies House lists IFX Markets Ltd as dissolved since 2018
- An unrelated firm called IFX Capital was later flagged by the FCA as unauthorised
- No live IFX Markets website or account opening exists today
IFX Markets traces back to a company first registered in London in 1993. It changed names a few times before settling on IFX Markets Ltd in 2002, as part of the wider IFX Group plc.
City Index made a recommended cash offer for IFX Group plc in August 2006, worth about 57.9 million pounds, and the deal became unconditional that September. IFX Markets Ltd then stopped being separately authorised by the FCA in January 2008, once its business had moved inside City Index.
Companies House shows IFX Markets Ltd was dissolved on 13 February 2018. City Index itself was later bought by GAIN Capital in 2014, and GAIN Capital was bought by StoneX Group in 2020, so any trace of the old IFX Markets business now sits inside that chain. The FCA has separately warned about an unrelated firm called IFX Capital, which is not the same company and is not authorised.
Min. Deposit
USD 2018
Max Leverage
not applicable, IFX Markets Ltd has been dissolved since 2018
Spreads From
not applicable, IFX Markets Ltd has been dissolved since 2018
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
