IFX Brokers vs. TD Ameritrade (View Online Comparison 2024)

IFX Brokers vs TD Ameritrade

Overall Comparison

FEATURE

IFX Brokers

TD Ameritrade

General comparison

4/5

5/5

Regulation

5/5

5/5

Spreads and fees

4/5

4/5

Trading Platforms

4/5

5/5

Trading Apps

4/5

5/5

Analytical Tools

4/5

5/5

Educational Resources

5/5

5/5

Trust Score

93

99

Best in class

x

 

Regulation Comparison

FEATURE

IFX Brokers

TD Ameritrade

Trust score

93

99

Year Founded

2018

1975

Publically Traded

No

Yes

Licensed in South Africa

Yes

No

Assets Comparison

FEATURE

IFX Brokers

TD Ameritrade

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

70

69

US Stock Trading

No

Yes

International Stock Trading

No

Yes

Cryptocurrency CFDs

Yes

Yes

Fees Comparison

FEATURE

IFX Brokers

TD Ameritrade

Average Spread for EUR/USD

0.2 pips

None

Commissions Charged

Yes

Yes

ECN Execution

Yes

Yes

Market Maker Execution

No

No

Deposit Options Comparison

FEATURE

IFX Brokers

TD Ameritrade

Deposit fees

No

No

Bank wire

Yes

Yes

MasterCard

Yes

Yes

PayPal

No

No

Skrill

Yes

No

Minimum Deposit

$10

$0

Trading Platforms Comparison

FEATURE

IFX Brokers

TD Ameritrade

Desktop Platform

Yes

Yes

Mobile App

Yes

Yes

Social Trading

Yes

No

MetaTrader 4

Yes

No

MetaTrader 5

Yes

No

cTrader

No

No

DupliTrade

No

No

ZuluTrade

No

No

Proprietary Platform

No

Yes

Analytical Tools Comparison

FEATURE

IFX Brokers

TD Ameritrade

Economic Calendar

Yes

Yes

Social Sentiment

Yes

Yes

Trading Central

No

No

AutoChartist

No

No

Forex News Sources

Yes

Yes

Daily Market Commentary

Yes

Yes

Educational Resources Comparison

FEATURE

IFX Brokers

TD Ameritrade

Offers education

Yes

Yes

Webinars

Yes

No

Beginner training videos

Yes

No

Advanced training videos

Yes

No

Glossary

No

No

Majors Offered

FEATURE

IFX Brokers

TD Ameritrade

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. TD Ameritrade

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

 

Which offers better pricing – IFX Brokers or TD Ameritrade?

IFX Brokers charges spread from 0.5 pips EUR/USD, while TD Ameritrade does not apply spreads on financial instruments. Instead, TD Ameritrade charges commissions as follows:

Equities – The fee for trading over-the-counter (OTC) equities that are not traded on a major U.S. exchange is $6.95. 

A $25 charge is added to broker-assisted deals, and the phone system costs an additional $5.

Trading options over the phone will cost you $5 plus $0.65, while broker assistance will set you back $25 plus $0.65.

The charge for trading futures and futures on options is $2.25.

 

Which broker offers more security when trading Forex and CFDs?

Since IFX Brokers operates out of South Africa, the Tier-2 Financial Sector Conduct Authority (FSCA) regulates this ECN and STP broker. So, you can be certain that IFX Brokers follows all the necessary protocols to protect your money.

TD Ameritrade is a safe broker regulated by SEC, FINRA, CFTC, and SFC. Furthermore, the Securities Investor Protection Corporation (SIPC) was established to safeguard investors.

In case of a broker’s bankruptcy, the Securities Investor Protection Corporation (SIPC) safeguards investors’ capital and assets. However, cash investments are restricted to $250,000 and are not covered by SIPC, which has a $500,000 ceiling on protection.

TD Ameritrade also has a second insurance policy that covers losses up to a combined total of $500 million and $152 million ($2 million cash limit) per customer.

The investor protection scheme does not apply to all customers, and some investment products, such as futures, are expressly excluded. Additionally, no protections are in place to stop account balances from dropping to zero.

 

Which broker offers the superior trading platform?

IFX Brokers offers both MetaTrader 4 and MetaTrader 5 to traders. Furthermore, MT4 and MT5 can be used on mobile, desktop, and web browsers, offering perfect account integration across devices.

No matter which version you like to use, TD Ameritrade’s attention to the client experience has produced a flawless and simple-to-navigate interface.

Each edition provides a wide range of adjustable features that enable customers to tailor the trading platform to their requirements and tastes.

The online edition of TD Ameritrade has a document tool that enables customers to customize and adjust the dashboard completely.

Traders have access to 13 modules, including watchlists, account balances, RSS feeds, market news, and other comparable data. In addition, modules can easily be reconfigured as needed.

The mobile app makes it simple to swiftly manage your holdings by displaying investor positions and balances on a single screen. Investor-specific market news is also supplied, providing traders with even more context and the flexibility to adjust their holdings, as necessary.

The simplicity with which you can browse for important information on almost any asset will appeal to active investors. For example, investors can easily see earnings data, analyst rankings, dividend distributions, charts, price history, and more by entering the ticker symbol.

 

Do these brokers both offer MetaTrader?

Only IFX Brokers offers MetaTrader 4 and MetaTrader 5. In contrast, TD Ameritrade supports its proprietary trading platforms.

 

How many Forex pairs can I expect from these brokers?

IFX brokers provides access to 70 currency pairs, while TD Ameritrade offers 69 pairs.

 

Is it safe to trade with IFX Brokers?

In terms of regulation and the protection of customer funds, IFX Brokers is a reliable choice. All customer money, however, must be stored in separate accounts with reputable institutions, according to IFX Brokers.

The broker account must be maintained distinct from this money. As a result, they cannot be used for business activities or to pay debts.

Additionally, IFX Brokers is required to regularly submit financial reports to the FSCA as part of its FSCA licensing to demonstrate that it can satisfy its financial commitments.

 

Is it safe to trade with TD Ameritrade?

Although TD Ameritrade is primarily recognized as an online broker, it has a long history in the brokerage industry dating back to the 1970s.

TD Ameritrade is strictly controlled in terms of security. It has a lengthy history. The broker’s website conveniently makes available financial information and is listed on a significant stock market. Users have routinely given it good ratings on review websites.

Clients can employ biometric fingerprint scanning, face recognition, and two-factor authentication across all their platforms. In addition, through extra coverage offered by London insurers, TD Ameritrade offers each customer protection for securities and $2 million in protection for cash.

Customers will get a refund from TD Ameritrade if they lose money or shares of securities from an account because of improper conduct. Furthermore, TD Ameritrade has not disclosed any big data breaches in the last four years.

 

Who is IFX Brokers?

A well-known South African brokerage, IFX Brokers, began operations in 2018. Therefore, traders have access to a large variety of forex pairings, MetaTrader 4 and 5, and many ZAR account kinds.

IFX Brokers is the only South African FSP you need to consider if you seek reliability. This is because the Financial Sector Conduct Authority (FSCA) of South Africa is trying to become a more rigorous regulator.

More exposure to several financial markets, including 70 forex pairs, than other brokers provide is what traders could anticipate. When opening an account, traders have a variety of base currencies from which to choose.

Additionally, South Africans can choose ZAR to avoid paying currency conversion costs when making deposits or withdrawals.

South Africans can choose from various trustworthy deposit and withdrawal alternatives, and there are no fees. Additionally, while creating an account, traders can use MetaTrader 4 or MetaTrader 5.

 

Who is TD Ameritrade?

Since its inception, TD Ameritrade has grown to become one of the most recognized brokerage houses in the nation, enticing customers with a comprehensive suite of services that allows traders of all skill levels to follow their chosen investing plan.

Even novice investors can easily get their feet wet with no account minimums and simple pricing. In addition, the depth and range of analysis in the educational materials are likewise exceptional.

TD Ameritrade’s thinkorswim platform is popular among advanced traders because of its wealth of resources, including top-notch research instruments, screening features, and financial calculators.

Some of TD Ameritrade’s tools include virtual currency trading, in-depth earnings research, graphing of FRED data, back-testing, charting social data, and recreating past markets. These are just some of the trading instruments available.

Furthermore, predictive thinkers will get the most out of the income analysis tool TD Ameritrade offers.

TD Ameritrade is a one-stop shop for all your financial needs, from stock trading to retirement planning. All account types are supported. In addition, TD Ameritrade has one of the broadest portfolios of mutual funds and commission-free ETFs of any bargain broker in the industry.

Many brokers cater to active investors and traders. At the same time, TD Ameritrade does a decent job equally combining the interests of stock pickers and hands-off fund investors.

Overall, TD Ameritrade has shown to be a responsive platform that is devoted to improving when clients identify an issue. In addition, more than five decades have passed since the platform’s inception. Thus, it has stood the test of time.

TD Ameritrade is one of the highest-rated brokers in the nation, according to review sites, and has several benefits, including inexpensive costs and a worldwide presence in forex and CFD trading.

IFX Brokers vs. RoboForex (View Online Comparison 2024)

IFX Brokers vs RoboForex

Overall Comparison

FEATURE

IFX Brokers

RoboForex

General comparison

4/5

3/5

Regulation

5/5

1/5

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

88

Best in class

x

 

Regulation Comparison

FEATURE

IFX Brokers

RoboForex

Trust score

93

88

Year Founded

2018

2009

Publically Traded

No

No

Licensed in South Africa

Yes

No

Assets Comparison

FEATURE

IFX Brokers

RoboForex

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

70

40

US Stock Trading

No

No

International Stock Trading

No

No

Cryptocurrency CFDs

Yes

Yes

Fees Comparison

FEATURE

IFX Brokers

RoboForex

Average Spread for EUR/USD

0.5 pips

0.0 pips

Commissions Charged

Yes

Yes

ECN Execution

Yes

Yes

Market Maker Execution

No

No

Deposit Options Comparison

FEATURE

IFX Brokers

RoboForex

Deposit fees

No

No

Bank wire

Yes

Yes

MasterCard

Yes

Yes

PayPal

No

Yes

Skrill

Yes

Yes

Minimum Deposit

$10

$10

Trading Platforms Comparison

FEATURE

IFX Brokers

RoboForex

Desktop Platform

Yes

Yes

Mobile App

Yes

Yes

Social Trading

Yes

Yes

MetaTrader 4

Yes

Yes

MetaTrader 5

Yes

Yes

cTrader

No

Yes

DupliTrade

No

No

ZuluTrade

No

No

Proprietary Platform

No

Yes

Analytical Tools Comparison

FEATURE

IFX Brokers

RoboForex

Economic Calendar

Yes

Yes

Social Sentiment

Yes

Yes

Trading Central

No

Yes

AutoChartist

No

Yes

Forex News Sources

Yes

Yes

Daily Market Commentary

Yes

Yes

Educational Resources Comparison

FEATURE

IFX Brokers

RoboForex

Offers education

Yes

Yes

Webinars

Yes

No

Beginner training videos

Yes

No

Advanced training videos

Yes

No

Glossary

No

No

Majors Offered

FEATURE

IFX Brokers

RoboForex

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. RoboForex

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

 

Which offers better pricing – IFX Brokers or RoboForex?

IFX Brokers’ minimal spread starts from 0.5 pips EUR/USD with competitive commissions. Four live CFD accounts and a stock trading account are available from RoboForex.

The cost of trading varies according to the kind of account a trader selects. For example, the trading fees on the RoboForex Prime and ECN accounts are cheaper than those on commission-free accounts and other brokers.

Since the average trading cost for other brokers is 9 USD for each lot of EUR/USD exchanged, the Prime Account offers some of the lowest trading costs in the market, including the lowest commissions.

 

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is still a young broker but has made a good name in South Africa as a transparent and trusted forex and CFD broker. This is proven through its FSP license and FSCA regulation, allowing IFX Brokers to provide services in South Africa to retail traders.

The International Financial Services Commission (IFSC) of Belize has issued a license to RoboForex Ltd with license number 000138/210.

Anti-money laundering (AML) and Know Your Customer (KYC) requirements require RoboForex to confirm each customer’s identification and prohibit payments from third parties or unidentified sources.

Customers of RoboForex Ltd may be entitled to reimbursement from one of the Compensation Fund’s members for up to €20,000. Additionally, up to 5 million EUR, RoboForex’s Civil Liability Insurance protects against fraud, errors, negligence, and other losses.

Verify My Trade (VMT), the execution quality certificate issued by RoboForex Limited, confirms that the broker satisfies all requirements set out by the Financial Commission. The RoboForex negative balance protection offered to all retail accounts will benefit individual investors.

 

Which broker offers the superior trading platform?

IFX Brokers offers access to MetaTrader 4 and MetaTrader 5. In addition, the outstanding range of trading platforms supported by RoboForex includes MetaTrader4 (MT4), MetaTrader 5 (MT5), c-Trader, and its own platform, R-Trader.

Depending on the trading needs of the account, several platforms are accessible for various accounts.

Furthermore, these platforms make it easy to trade since they have all the resources and tools needed to research, analyze data, place and exit transactions, and employ third-party automated trading software.

Each platform option has an online version and is available for download to your PC at no cost. They can be found on mobile Android and iOS devices as well. For example, R Stocks Trader, an intuitive proprietary platform, was named “Best Global Mobile Trading App 2020” by the Global Forex Awards B2B. As a result, more than 12,000 different financial assets may now be traded on real-time global exchanges.

R Stocks Trader has a wide variety of trading tools and features, such as customizable watchlists, multiple windows, and flexible layouts. In addition, it offers an innovative resource by facilitating the creation, execution, and evaluation of trading strategies.

 

Do these brokers both offer MetaTrader?

IFX Brokers and RoboForex offer MetaTrader 4 and MetaTrader 5.

 

How many Forex pairs can I expect from these brokers?

IFX brokers provides access to 70 currency pairs, while RoboForex only offers 40 pairs.

 

Is it safe to trade with IFX Brokers?

It is safe to trade with IFX Brokers. IFX Brokers is a foreign exchange broker based in South Africa. Therefore, they are subject to strict rules enforced by the Financial Sector Conduct Authority (FSCA), South Africa’s primary regulating organization.

As a result, IFX Brokers offers a transparent trading environment with transaction security measures in place. Furthermore, all client funds are stored in separate accounts.

 

Is it safe to trade with RoboForex?

It is safe to trade with RoboForex. However, its Tier-3 regulation is some cause for concern in terms of investor protection.

RoboForex is an experienced broker that serves traders of diverse experience levels with trading and investment solutions. The company has over 1 million customers from 169 different countries. RoboForex Ltd. has a tier-3 license issued by the Financial Services Commission (FSC) of Belize.

RoboForex has been in business for 12 years and has become an award-winning broker offering a wide range of advanced services. RoboForex’s order execution quality is audited periodically through Verify My Trade, the broker’s most notable feature.

To verify RoboForex’s trade execution accuracy, independent auditor Verify My Trade examined a random sample of 5,000 order executions. This helps reduce the possibility of slippage and is of particular use to traders who need their orders filled quickly and precisely.

The broker can do this because it has a much larger number of liquidity providers than is typical in the sector (8 vs. the norm of 5).

RoboForex is not required by its regulator to join The Financial Commission, have civil liability insurance, or use the Verify My Trade service. However, RoboForex’s endeavour in these areas indicates its dedication to providing superior service and several layers of security for its customers.

 

Who is IFX Brokers?

IFX Brokers is a well-known broker in South Africa. The Financial Sector Conduct Authority (FSCA) authorize them, and they provide trading on the MT4 and MT5 platforms in addition to a variety of ZAR accounts.

To accommodate traders of diverse levels of competence and experience, IFX provides five distinct live accounts, each with a different minimum deposit requirement.

When trading EUR/USD spreads of one pip or greater, the minimum deposit is ten dollars, with a maximum deposit of one thousand dollars on more premium and professional accounts.

IFX Brokers’ 70 unique currency pairings include a broader choice of major, minor, and exotic possibilities than most of IFX Brokers’ competitors. Furthermore, IFX Brokers has competitive trading conditions and spreads from 0.5 pips EUR/USD.

You will trade in a fair and transparent environment where you can anticipate quick transaction execution and the best price compiled from leading liquidity providers. Furthermore, South African traders have access to a variety of deposit and withdrawal options when they work with IFX Brokers.

These options include cryptocurrencies and OZOW, PayFast, MasterCard, Visa, PayFast, Skrill, and Neteller. Deposits are typically processed immediately and at no cost, whereas wire transfers can take anywhere from 24 to 48 hours.

 

Who is RoboForex?

RoboForex was founded and made available to Forex and CFD clients in 2009. RoboForex has seen growth in the currency market since its launch and presently provides services to 1,000,000 corporate partners.

The official sponsor of the BMW M Motorsport vehicle brand is RoboMarkets Ltd. RoboForex offers USD, EUR, and other market currencies on its platforms.

It is a trustworthy financial markets platform due to its regulation, which is approved by the International Financial Services Commission Belize (IFSC). Moreover, for the advantage of its customers, RoboForex enables copy trading leveraged market exchange tactics.

RoboForex offers competitive trading conditions across its five accounts, with spreads typically starting from 0.0 pips on some accounts, with low commissions, and a minimum deposit of 10 USD.

According to the kinds of accounts and instructional materials available, RoboForex is a platform that benefits both beginning and experienced traders. For instance, its website provides tutorials and guides on how to start trading, showing that even complete beginners can use it.

Aside from the ECN account, all accounts can access the demo accounts, indicating that RoboForex has no issue letting novice traders gain experience before signing up with the broker.