IFX Brokers vs. Trading 212 (Side-by-Side Comparison 2022)

IFX Brokers vs. Trading 212

Overall Comparison

FEATURE

IFX Brokers

TRADING 212

General comparison

4/5

3/5

Regulation

5/5

4/5

Spreads and fees

4/5

3/5

Trading Platforms

4/5

2/5

Trading Apps

4/5

3/5

Analytical Tools

4/5

3/5

Educational Resources

5/5

3/5

Trust Score

93

80

Best in class

x

 

Regulation Comparison

FEATURE

IFX Brokers

TRADING 212

Trust score

93

80

Year Founded

2018

2004

Publically Traded

No

No

Licensed in South Africa

Yes

No

Assets Comparison

FEATURE

IFX Brokers

TRADING 212

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

60

180

US Stock Trading

No

No

International Stock Trading

No

Yes

Cryptocurrency CFDs

Yes

Yes

Fees Comparison

FEATURE

IFX Brokers

TRADING 212

Average Spread for EUR/USD

0.2 pips

2.4 pips

Commissions Charged

Yes

No

ECN Execution

Yes

No

Market Maker Execution

No

Yes

Deposit Options Comparison

FEATURE

IFX Brokers

TRADING 212

Deposit fees

No

No

Bank wire

Yes

Yes

MasterCard

Yes

Yes

PayPal

No

Yes

Skrill

Yes

Yes

Minimum Deposit

$100

$10

Trading Platforms Comparison

FEATURE

IFX Brokers

TRADING 212

Desktop Platform

Yes

Yes

Mobile App

Yes

Yes

Social Trading

Yes

Yes

MetaTrader 4

Yes

Yes

MetaTrader 5

Yes

No

cTrader

No

No

DupliTrade

No

No

ZuluTrade

No

No

Proprietary Platform

No

Yes

Analytical Tools Comparison

FEATURE

IFX Brokers

TRADING 212

Economic Calendar

Yes

Yes

Social Sentiment

Yes

Yes

Trading Central

No

No

AutoChartist

No

No

Forex News Sources

Yes

No

Daily Market Commentary

Yes

Yes

Educational Resources Comparison

FEATURE

IFX Brokers

TRADING 212

Offers education

Yes

No

Webinars

Yes

No

Beginner training videos

Yes

Yes

Advanced training videos

Yes

No

Glossary

No

Yes

Majors Offered

FEATURE

IFX Brokers

TRADING 212

GBP/USD

Yes

Yes

USD/JPY

Yes

Yes

EUR/USD

Yes

Yes

USD/CHF

Yes

Yes

USD/CAD

Yes

Yes

NZD/USD

Yes

Yes

AUD/USD

Yes

Yes

IFX Brokers vs. Trading 212

We spent many hours thoroughly examining the best-in-class Forex brokers for 2022. Here, we take a closer look at IFX Brokers vs. Trading 212.

 

Which offers better pricing – IFX Brokers or Trading 212?

While Trading 212 does not charge commission for trading, IFX Brokers still offers the superior pricing, despite charging commission on certain trades or instruments. IFX Brokers charges an average spread of 0.2 pips for the EUR/USD, while Trading 212 charges a very high spread of 2.4 pips for the same currency pair.

Overall, IFX Brokers offers the better pricing model.

 

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is a trustworthy and reputable Forex broker that is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is where the broker is regulated. The FSCA is the primary financial regulator in the country, so that traders with IFX Brokers are insured a high level of security and due recourse in the case of a dispute.

South African traders may feel at ease with Trading212. In addition to providing traders with negative balance protection, it also offers effective regulatory control and client money segregation.

 

Which broker offers the superior trading platform?

IFX Brokers provides the superior trading platform offering. IFX Brokers provides traders with access to the full MetaTrader suite from MetaQuotes, consisting of MetaTrader 4 and MetaTrader 5. These are the gold standard of trading platforms in the industry, with a wide range of trading tools, analytical features, EAs, and a user-friendly interface.

Trading 212 only provides access to its own proprietary trading platform, which does not have a comprehensive range of tools, and is best suited to beginner traders.

 

Do these brokers both offer MetaTrader?

No, only IFX Brokers offers MetaTrader, namely MT4 and MT5.

 

How many Forex pairs can I expect from these brokers?

IFX Brokers provides access to 60 currency pairs, while Trading 212 provides access to 180 currency pairs.

 

Is it safe to trade with IFX Brokers?

Yes, IFX Brokers is a regulated Forex broker based in South Africa which is fully licensed by the FSCA. As such, the Financial Sector Conduct Authority (FSCA) is in charge of regulating the country’s various financial institutions.

The Financial Sector Conduct Authority’s (FSCA) mission is to improve and maintain the efficiency and integrity of financial markets, as well as to safeguard investors by fostering equitable treatment and delivering education on a variety of topics pertaining to finance.

 

 

Is it safe to trade with Trading 212?

Yes, Trading212 is a reliable and secure broker that South African traders can trust. There is strong regulatory oversight, client funds are kept separate, and traders are protected against negative balances.

Trading212 is regulated by the UK’s Financial Conduct Authority (FCA), the Financial Supervision Commission (FSC) Bulgaria, and the Cyprus Securities and Exchange Commission (CYSEC). Customers in South Africa will conduct business with the subsidiary in the United Kingdom due to the high quality of regulation there.

 

 

Who is IFX Brokers?

IFX Brokers is a South African internet trading firm. Commitment, openness, and trust are the basic fundamental values of the organization.

The company offers the cutting-edge MetaTrader 4 trading platform to private and institutional traders for online trading of a wide range of financial instruments, including forex, indices, commodities, energy metals, and futures.

IFX Brokers provides six distinct trading accounts. You may also set up a trial account.

Each of these accounts has access to over 60 currency pairs, gold and silver, oil and natural gas, and is powered by the broker’s comprehensive trading platform.

The IFX Islamic account is a swap-free, interest- and Riba-free account. The no-interest strategy works by removing the typical swap charges that would normally apply to overnight or weekend positions.

The minimum deposit requirements for these accounts can vary. A basic account, for example, requires a $100 deposit, whereas a RAW account requires a $250 deposit and an Islamic account requires a $100 deposit.

Meta Trader 4 and 5 for IFX provide enhanced charting capabilities as well as fully functional order management features.

These platforms also have a multilingual interface, extensive analysis, and various chart configurations. They are also customizable, allowing you to change the position and size of the tabs.

IFX provides one of the best MetaTrader upgrade packages, with 85 pre-installed indicators. This demonstrates IFX’s commitment to automated traders, a function that IFX’s own platform does not support.

IFX’s trading platform does offer copy trading despite the lack of a MAM/PAMM module on MT4. The platform is available as a desktop application for Windows and Mac computers, as well as a mobile application for smartphones running Android and iOS.

 

Who is Trading 212?

Traders who are interested in a wide variety of tradable assets and a straightforward account setup may enjoy using Trading212. Trading212 is a discount stock broker, but its CFD spreads are much wider than those of other brokers, so traders should keep that in mind.

Trading212 offers a broader selection of tradable financial instruments than competing brokers, with over 1800 available options. These instruments include more than 180 currency pairs, commodities, stocks, ETFs, and indices.

The only platform available for trading is Trading212, which has a user-friendly interface but lacks advanced features like algorithmic trading and faster execution compared to platforms like MT4 and MT5.

With a minimum deposit of $10 USD and spreads averaging 2.40 pips on the EUR/USD, Trading212’s offering is uncompetitive. There is only one live commission-free account available.

Overall, Trading212’s platform is an excellent option for novice traders thanks to its straightforward interface, but it lags behind third-party platforms like MT4 and MT5 in execution speeds and does not support automated trading via expert advisors or other trading algorithms.

Trading212 is a discount stock broker that also provides CFD trading on foreign exchange, commodities, exchange-traded funds (ETFs), and stocks. Please be aware that the scope of this evaluation is limited to the CFD trading account.

Scalping is not allowed on Trading212’s platform, nor is copy trading. However, it does support hedging.

Before making a real money deposit, traders can use the Trading212 platform and practice trading with a demo account. Since Trading212’s platform is distinct from that of competing CFD providers, it is recommended that new customers practice on the demo account prior to making a real money deposit.

With a Trading212 Demo Account, you can trade and invest with a maximum of $50,000 in virtual funds and enjoy free, unrestricted access to their extensive portfolio of instruments. The balance in the account can, however, be increased.

Customers of Trading212 can open a live trading account as well as a practice trading account with just one signup and use only Trading212’s own trading platform. With a $10 minimum deposit required for its Standard Account, Trading212 is a good option for novice traders due to its user-friendly interface.

However, compared to third-party platforms like MT4 and MT5, Trading212 is slow in comparison to execution speeds and does not support automated trading via expert advisors or other trading algorithms.

Although it offers a free, unlimited demo account, the lack of educational and market analysis information renders this platform unsuitable for novice traders.

In addition, the ticketing system is the only method of contacting customer service, and it takes an extremely long time for a representative to respond.

IFX Brokers vs. Trade Nation (Side-by-Side Comparison 2022)

IFX Brokers vs. Trade Nation

Overall Comparison

FEATURE

IFX Brokers

TRADE NATION

General comparison

4/5

4/5

Regulation

5/5

5/5

Spreads and fees

4/5

4/5

Trading Platforms

4/5

4/5

Trading Apps

4/5

4/5

Analytical Tools

4/5

4/5

Educational Resources

5/5

4/5

Trust Score

93

93

Best in class

x

 

Regulation Comparison

FEATURE

IFX Brokers

TRADE NATION

Trust score

93

93

Year Founded

2018

2014

Publically Traded

No

No

Licensed in South Africa

Yes

No

Assets Comparison

FEATURE

IFX Brokers

TRADE NATION

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

60

30

US Stock Trading

No

Yes

International Stock Trading

No

Yes

Cryptocurrency CFDs

Yes

Yes

Fees Comparison

FEATURE

IFX Brokers

TRADE NATION

Average Spread for EUR/USD

0.2 pips

0.6 pips

Commissions Charged

Yes

No

ECN Execution

Yes

No

Market Maker Execution

No

Yes

Deposit Options Comparison

FEATURE

IFX Brokers

TRADE NATION

Deposit fees

No

No

Bank wire

Yes

Yes

MasterCard

Yes

Yes

PayPal

No

Yes (UK only)

Skrill

Yes

Yes

Minimum Deposit

$100

$0

Trading Platforms Comparison

FEATURE

IFX Brokers

TRADE NATION

Desktop Platform

Yes

Yes

Mobile App

Yes

Yes

Social Trading

Yes

Yes

MetaTrader 4

Yes

Yes

MetaTrader 5

Yes

No

cTrader

No

No

DupliTrade

No

No

ZuluTrade

No

No

Proprietary Platform

No

Yes

Analytical Tools Comparison

FEATURE

IFX Brokers

TRADE NATION

Economic Calendar

Yes

Yes

Social Sentiment

Yes

No

Trading Central

No

No

AutoChartist

No

No

Forex News Sources

Yes

Yes

Daily Market Commentary

Yes

Yes

Educational Resources Comparison

FEATURE

IFX Brokers

TRADE NATION

Offers education

Yes

Yes

Webinars

Yes

No

Beginner training videos

Yes

Yes

Advanced training videos

Yes

No

Glossary

No

Yes

Majors Offered

FEATURE

IFX Brokers

TRADE NATION

GBP/USD

Yes

Yes

USD/JPY

Yes

Yes

EUR/USD

Yes

Yes

USD/CHF

Yes

Yes

USD/CAD

Yes

Yes

NZD/USD

Yes

Yes

AUD/USD

Yes

Yes

IFX Brokers vs. Trade Nation

We spent many hours thoroughly examining the best-in-class Forex brokers for 2022. Here, we take a closer look at IFX Brokers vs. Trade Nation.

 

Which offers better pricing – IFX Brokers or Trade Nation?

Both IFX Brokers and Trade Nation offer extremely competitive pricing. IFX Brokers has a spread that averages at 0.2 pips for the EUR/USD currency pair, while Trade Nation has an average spread of 0.6 pips for the same currency pair, and no commissions charged.

 

Which broker offers more security when trading Forex and CFDs?

Both IFX Brokers and Trade Nation are regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, the primary regulator of the financial markets in South Africa.

As such, traders are provided with deposit security as well as a transparent trading environment. Furthermore, Trade Nation is a globally operational broker that is also regulated in the UK by the FCA, and in Australia by ASIC.

 

Which broker offers the superior trading platform?

IFX Brokers provides access to the full MetaTrader suite from MetaQuotes, comprising MetaTrader 4 and MetaTrader 5. This is a comprehensive software offering that consists of the most popular trading platforms in the industry.

Trade Nation offers only MT4, as well as a proprietary trading platform which has received positive feedback from users to date.

 

Do these brokers both offer MetaTrader?

Yes, however IFX Brokers offers both MT4 and MT5, while Trade Nation only offers MT4.

 

How many Forex pairs can I expect from these brokers?

IFX Brokers offers traders a wide variety of 60 currency pairs, while Trade Nation offers decidedly fewer options with only 30 currency pairs available

 

Is it safe to trade with IFX Brokers?

Yes, IFX Brokers is a regulated Forex broker based in South Africa which is fully licensed by the FSCA. As such, the Financial Sector Conduct Authority (FSCA) is in charge of regulating the country’s various financial institutions.

The Financial Sector Conduct Authority’s (FSCA) mission is to improve and maintain the efficiency and integrity of financial markets, as well as to safeguard investors by fostering equitable treatment and delivering education on a variety of topics pertaining to finance.

 

Is it safe to trade with Trade Nation?

Yes, Trade Nation is a highly regulated global Forex broker. As such, South African traders are protected by the FSCA when trading with Trade Nation, the primary financial regulator in the country.

Trade Nation is also very well-regulated elsewhere. The broker is licensed in the UK by the Financial Conduct Authority (FCA), one of the most reputable watchdogs in the industry, and by the Australian Securities and Investment Commission (ASIC).

 

Who is IFX Brokers?

When you think of online Forex trading, you probably think of IFX Brokers, a South African company. The company’s basic values are commitment, openness, and trust.

For online trading of currency pairings, indices, commodities, energy metals, and futures, among other financial instruments, the company provides private and institutional traders with the cutting-edge MetaTrader 4 and 5 trading platforms.

There are six unique types of trading accounts offered by IFX Brokers. In addition, you get access to a trial account.

Each of these accounts is supported by the broker’s comprehensive trading platform, which grants access to more than sixty currency pairs, gold and silver, oil and natural gas.

The IFX Islamic Account is swap-free, riba-free, and interest-free. Due to the absence of interest, you will not incur any exchange fees for holding a position over the weekend.

It is possible for the necessary minimum deposit to differ between account types. Minimum deposits vary by account type, with $100 required for basic accounts, $250 for RAW accounts, and $100 for Islamic accounts.

Meta Trader 4 and 5 for IFX offer enhanced charting options and powerful order management facilities.

Additionally, these systems offer a multitude of chart styles, in-depth analysis, and a multilingual user interface. Additionally, the placement and size of tabs can be modified according to your tastes.

IFX provides one of the greatest MetaTrader expansion packs, which includes 85 pre-installed indicators. This highlights IFX’s commitment to automated traders, a feature that is absent from the IFX platform at now.

Even if the MAM/PAMM module is absent from IFX’s MT4 trading platform, duplicate trading is still feasible. The platform is compatible with both a desktop program for PCs and a mobile app for iPhones and Androids.

 

Who is Trade Nation?

Trade Nation is a global forex, indices, commodities, and equities broker that takes pride in its honesty and openness.

The online broker was known as Core Spreads from 2014 to 2019. The FCA in the UK, the ASIC in Australia, the FSCA in South Africa, and the SCB in the Bahamas regulate the corporation, which has subsequently grown globally under the name Trade Nation. The brokerage firm maintains offices in each of these key nations.

The company’s mission is to simplify access to the financial markets by removing complex jargon and offering client help throughout the trading process. Additionally, the organization offers alternative data and market intelligence to assist clients in making informed trading decisions.

The custom-built platform is user-friendly and delivers versatile charting capabilities via a beautiful user interface.

There are a variety of interactive graph types, such as histograms and candle charts, as well as the option to adjust timescales from one minute to one month. With a reasonable array of drawing tools, it is very straightforward to superimpose data on graphs. The optional deal button in the chart display expedites the execution of positions.

Trade Nation welcomes first-time users by providing a number of how-to videos on their platform.

The firm also offers the renowned MT4 forex trading software. On the broker’s website is a video demonstrating how consumers can link their Trade Nation account to the MT4 terminal.

MetaTrader 4 is appreciated by investors due to its assortment of interactive and configurable charts and its capacity to run trading robots. It has 38 built-in indicators, 2,000 free custom indicators, and 24 analytical objects for detecting patterns.

Trade Nation is open about its investing options, providing a market information sheet with information on each instrument, accompanying spreads, and trading hours. This contains 33 forex pairs, 23 prominent indices (cash and futures), eight differential indices, nine commodities (energy and metals), three bond options, and six stocks.

There are no options to invest in cryptocurrencies such as Bitcoin.

The MQL 4 programming language allows users to build automated trading algorithms, which can be downloaded from the MT4 codebase. In addition, the MetaTrader marketplace provides live trading indications.

Trade Nation offers fixed spreads beginning at 0 pips for its clients. Before 10 PM, the EUR/GBP and EUR/USD spreads are both 0.6 pips. The market data sheet contains spread information for all periods of the day.

 

Importantly, the company’s trading fees are disclosed. In addition to spreads, overnight interest is the only additional fee charged to open positions.

The quantity depends on the market and the investment’s intended direction. If specific information is needed, clients can contact customer support.

Smart News, which is accessible on Trade Nation’s trading platform and mobile application, is an excellent feature.

Smart News seeks to keep investors ahead of the market by offering ‘alternative news’ from independent sources, as opposed to traditional data supplied by firms themselves.

By cross-referencing social media with certain financial events, such as central bank meetings, Trade Nation is able to present investors with specific threads pertinent to their trading interests that may reveal new market insights.