IFX Brokers vs. Vantage Markets | (View our Comparison 2024)

IFX Brokers vs Vantage Markets

Overall Comparison

FEATURE

IFX Brokers

Vantage Markets

General comparison

4/5

4/5

Regulation

5/5

4/5

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

3/5

Trust Score

93

83

Best in class

x

 

Regulation Comparison

FEATURE

IFX Brokers

Vantage Markets

Trust score

93

83

Year Founded

2018

2009

Publically Traded

No

No

Licensed in South Africa

Yes

No

Assets Comparison

FEATURE

IFX Brokers

Vantage Markets

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

70

44

US Stock Trading

No

No

International Stock Trading

No

No

Cryptocurrency CFDs

Yes

No

Fees Comparison

FEATURE

IFX Brokers

Vantage Markets

Average Spread for EUR/USD

0.2 pips

0.7 pips

Commissions Charged

Yes

Yes

ECN Execution

Yes

Yes

Market Maker Execution

No

No

Deposit Options Comparison

FEATURE

IFX Brokers

Vantage Markets

Deposit fees

No

Yes

Bank wire

Yes

Yes

MasterCard

Yes

Yes

PayPal

No

No

Skrill

Yes

Yes

Minimum Deposit

$10

$50

Trading Platforms Comparison

FEATURE

IFX Brokers

Vantage Markets

Desktop Platform

Yes

Yes

Mobile App

Yes

Yes

Social Trading

Yes

Yes

MetaTrader 4

Yes

Yes

MetaTrader 5

Yes

Yes

cTrader

No

No

DupliTrade

No

Yes

ZuluTrade

No

Yes

Proprietary Platform

No

Yes

Analytical Tools Comparison

FEATURE

IFX Brokers

Vantage Markets

Economic Calendar

Yes

Yes

Social Sentiment

Yes

Yes

Trading Central

No

Yes

AutoChartist

No

No

Forex News Sources

Yes

Yes

Daily Market Commentary

Yes

Yes

Educational Resources Comparison

FEATURE

IFX Brokers

Vantage Markets

Offers education

Yes

Yes

Webinars

Yes

Yes

Beginner training videos

Yes

No

Advanced training videos

Yes

No

Glossary

No

Yes

Majors Offered

FEATURE

IFX Brokers

Vantage Markets

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. Vantage Markets

We spent many hours thoroughly examining the best-in-class Forex brokers for 2023. Here, we take a closer look at IFX Brokers vs. Vantage Markets.

 

Which offers better pricing – IFX Brokers or Vantage Markets?

To gain access to premium features and reduced trading costs, IFX Brokers accounts require progressively higher minimum deposits.

Spreads on the EUR/USD begin at 1.3 pips on the commission-free Standard Account, while the Raw Account requires a minimum deposit of $1,000 in exchange for a spread of 0.5 pips and a commission of $6.

Three different types of live accounts are available on Vantage Markets, each with a different minimum deposit corresponding to increasingly competitive spreads and other perks. Each of the three types of accounts can be accessed via the MetaTrader 4 or MetaTrader 5 platforms.

The spreads on the Standard Account are already adjusted to cover the cost of trading, while those on the Raw and Pro accounts are quoted separately and are charged a commission per lot.

As a result, raw and Pro accounts have lower trading fees than the Standard Accounts and competitive brokers.

The Standard Account’s spreads start from 1 pip with no commission fees, a typical trading cost of 10 USD. On the other hand, the Raw ECN account’s spreads are from 0.0 pips with a 6 USD round turn commission, resulting in average trading costs of 6 USD.

Lastly, the Pro ECN Account’s spreads are from 0.0 pips with a 3 USD round turn commission, which ensures the lowest trading costs that traders can expect.

 

Which broker offers more security when trading Forex and CFDs?

IFX Brokers, an ECN and STP broker based in South Africa, is regulated by the Financial Sector Conduct Authority (FSCA), a Tier-2 regulatory body.

This ensures that the company adheres to all necessary protocols to safeguard client funds and maintain the integrity of financial markets. As a result, traders can have confidence in the security of their funds when trading with IFX Brokers.

Vantage Markets was established in 2009, with its headquarters in Sydney, Australia. It is a licensed and regulated foreign exchange broker by the ASIC, FCA< CIMA, and VFSC.

Furthermore, in the UK, every deposit is covered by the Financial Services Compensation Scheme or the Investor Compensation Fund.

The Vanuatu Financial Services Commission has granted Vantage Global Limited, a wholly-owned subsidiary, permission to conduct business with traders in South Africa (VFSC).

Vantage Markets provides negative balance protection to all customers as a gesture of good faith and places all client funds in segregated accounts at AA-rated Australian banks.

However, local investor protection schemes do not cover South Africans because the FSCA does not regulate Vantage Markets.

 

Which broker offers the superior trading platform?

IFX Brokers allows its traders to use both MetaTrader 4 and MetaTrader 5 platforms. Additionally, the flexibility to access these platforms on mobile, desktop, and web browsers offers seamless integration and consistency across devices for traders.

When comparing Vantage to other MetaTrader-only brokers, it is clear that the breadth of its add-on offerings and its willingness to integrate with third-party platforms and tools like TradingView set it apart.

Vantage is a MetaTrader broker that provides its clients with access to the full suite of MetaTrader trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Vantage gives you access to the CHARTS platform from TradingView, which is fully integrated with your MetaTrader account and the standard charts on MT4 and MT5.

Vantage provides the SmartTrader Tools by FX Blue LLP, an add-on suite for the MetaTrader trading platform. Additionally, Vantage’s impressive MetaTrader offering is rounded out by forex news headlines streaming directly from FxWire Pro and FXStreet.

Vantage provides its customers with not one but three different social copy trading platforms, including MetaTrader’s Signals market. The auto-trading platform trio includes ZuluTrade, DupliTrade, and MyFXBook AutoTrade.

 

Do these brokers both offer MetaTrader?

Yes, IFX Brokers and Vantage Markets offer MetaTrader 4 and 5.

 

How many Forex pairs can I expect from these brokers?

IFX brokers provide access to 70 currency pairs, while Vantage Markets offers 44 forex pairs.

 

Is it safe to trade with IFX Brokers?

IFX Brokers is a trustworthy option regarding regulation and safeguarding of client funds. The company adheres to keeping customer money in separate accounts with reputable institutions, ensuring that it is not used for business operations or to pay off debts.

Additionally, as part of its FSCA licensing, IFX Brokers must regularly submit financial reports to the Financial Sector Conduct Authority (FSCA) to demonstrate its ability to fulfil its financial obligations.

 

Is it safe to trade with Vantage Markets?

Vantage fully adheres to the stringent financial regulations established by the jurisdictions in which it is regulated. In addition, the company is dedicated to providing transparent and fair access to global Forex markets.

To ensure the protection of client funds, they are held in a segregated account with an AA-rated Australian bank, one of the largest financial institutions in Australia with a market capitalization of $93 billion and over 12 million customers, and consistently ranks among the top 20 safest banks in the world.

Additionally, Vantage has Professional Indemnity Insurance in place to cover the actions of its representatives, employees, and authorized representatives.

 

Who is IFX Brokers?

IFX Brokers, a reputable South African brokerage established in 2018, offers traders a wide range of options, including a variety of forex pairings, access to both MetaTrader 4 and 5, and multiple ZAR account types.

As the Financial Sector Conduct Authority (FSCA) of South Africa is becoming stricter in its regulations, IFX Brokers is the most reliable choice for traders in the region. Traders can expect more exposure to various financial markets, including 70 forex pairs than other brokers offer.

Additionally, when opening an account, traders can choose from multiple base currencies, including ZAR, to avoid currency conversion costs when making deposits or withdrawals.

IFX Brokers also provides traders with a variety of trustworthy deposit and withdrawal options at no additional cost and the flexibility to use either MetaTrader 4 or MetaTrader 5 while creating an account.

 

Who is Vantage Markets?

Vantage Markets will appeal to traders who place a premium on low trading costs and make trading decisions using indicators. However, Vantage Markets’ financial instruments are limited compared to other brokers.

Vantage Markets, an STP/ECN broker, provides three accounts with minimum deposits tied to tighter spreads and reduced trading costs.

The commission-free Standard Account requires a minimum deposit of $50, while EUR/USD spreads begin at 1 pip. Raw ECN and Pro Accounts offer spreads of 0 pips and reasonable commissions but require minimum deposits of 500 USD and 20,000 USD, respectively.

Traders who want to capitalize on developing market opportunities should use Vantage to monitor the markets in real-time and make swift trading decisions. Because of the broker’s stellar assistance with trading, this has been possible.

In addition, the platform is suggested for investors who are comfortable with risking large sums of money. In addition to the aforementioned advantages, Vantage also offers a variety of technical charting options for its users, streamlining the process of refining investment decisions.

Vantage Markets offers CFDs on Forex, indices, energies, metals, shares, and cryptocurrencies, but the number of assets per class is limited, which may disappoint more experienced traders.

Vantage Markets offers a wide variety of trading platforms, including MT4, MT5, and the Vantage Markets mobile application, in addition to three social trading platforms.

IFX Brokers vs. Moneta Markets | (View our Comparison 2024)

IFX Brokers vs Moneta Markets

Forex

Overall Comparison

FEATURE

IFX Brokers

Moneta Markets

General comparison

4/5

4/5

Regulation

5/5

3/5

Spreads and fees

4/5

4/5

Trading Platforms

4/5

3/5

Trading Apps

4/5

3/5

Analytical Tools

4/5

4/5

Educational Resources

5/5

3/5

Trust Score

93

71

Best in class

x

 

Regulation Comparison

FEATURE

IFX Brokers

Moneta Markets

Trust score

93

71

Year Founded

2018

2020

Publically Traded

No

No

Licensed in South Africa

Yes

Yes

Assets Comparison

FEATURE

IFX Brokers

Moneta Markets

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

70

45

US Stock Trading

No

No

International Stock Trading

No

No

Cryptocurrency CFDs

Yes

No

Fees Comparison

FEATURE

IFX Brokers

Moneta Markets

Average Spread for EUR/USD

0.2 pips

>1 pip

Commissions Charged

Yes

Yes

ECN Execution

Yes

Yes

Market Maker Execution

No

No

Deposit Options Comparison

FEATURE

IFX Brokers

Moneta Markets

Deposit fees

No

No

Bank wire

Yes

Yes

MasterCard

Yes

Yes

PayPal

No

No

Skrill

Yes

No

Minimum Deposit

$10

$50

Trading Platforms Comparison

FEATURE

IFX Brokers

Moneta Markets

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

Yes

Proprietary Platform

No

No

Analytical Tools Comparison

FEATURE

IFX Brokers

Moneta Markets

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

Moneta Markets

Offers education

Yes

No

Webinars

Yes

No

Beginner training videos

Yes

No

Advanced training videos

Yes

No

Glossary

No

No

Majors Offered

FEATURE

IFX Brokers

Moneta Markets

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. Moneta Markets

We spent many hours thoroughly examining the best-in-class Forex brokers for 2023. Here, we take a closer look at IFX Brokers vs. Moneta Markets.

 

Which offers better pricing – IFX Brokers or Moneta Markets?

It is to be noted that both IFX Brokers and Moneta Markets provide favourable trading conditions for their clients.

One example of this can be observed in the IFX Brokers VIP Account, where the commission per lot traded is a mere US$6, and the spread on highly traded instruments such as the EUR/USD pair commences at a competitive 0.5 pips.

It is worth mentioning that spreads at IFX Brokers are variable and may fluctuate based on various factors, including the underlying asset, the type of trading account, and the current market conditions.

As such, traders must utilize stop-loss and take-profit orders to mitigate potential risks. Additionally, it is important to note that while no commission fees are associated with the retail account, traders utilizing this account type are responsible for covering the spread.

Based on an analysis of the average spreads and commissions charged, it can be inferred that the total trading fees at IFX Brokers range from $10 to $16 across its five trading accounts.

Moneta Markets, a brokerage firm, presents a cost-effective fee structure for its Electronic Communication Network (ECN) accounts.

The spread for these accounts commences at 0.0 pips, with an average spread >1 pip, and a commission of $3 per lot per side is applied. These rates are highly attractive to proprietary traders utilizing the services provided by Moneta Markets.

 

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is a reputable South African brokerage firm authorized by the Financial Sector Conduct Authority (FSCA) that offers a wide range of financial assets for trading. The broker has recently gained significant popularity among traders of all skill levels.

The firm’s operations are well-regulated and transparent, providing clients with a trustworthy trading environment. Additionally, to ensure the security of customer funds, they are kept in separate accounts, and the FSCA provides oversight and protection for market participants.

Moneta Markets, formally known as Moneta Markets South Africa (Pty) Ltd, is a reputable financial service provider that holds authorization, registration, and regulation by the Financial Sector Conduct Authority (FSCA) of South Africa, under license number 47490.

Moneta LLC, also operating under Moneta Markets, is registered under Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) with registration number 2052 LLC 2022.

To ensure the safety of clients’ funds, they are held in a segregated account with an AA-Rated Global Bank that consistently ranks among the top 20 safest banks in the world.

Moneta Markets adheres to strict financial regulations set by the jurisdictions in which it is regulated and works to provide transparent and fair access to the global Forex markets.

Furthermore, the company has Professional Indemnity Insurance to cover the work done by its employees, employees, and authorized representatives.

 

Which broker offers the superior trading platform?

IFX Brokers and Moneta Markets offer MetaTrader 4, but only IFX Brokers offers MetaTrader 5, which means that IFX Brokers offers a superior trading platform.

 

Do these brokers both offer MetaTrader?

Both brokers offer MetaTrader 4, but only IFX Brokers offer MetaTrader 4 and 5.

 

How many Forex pairs can I expect from these brokers?

IFX brokers provide access to 70 currency pairs, while Moneta Markets offers 45 pairs spread across major, minor, and exotic forex pairs. Therefore, IFX Brokers has a more diversified portfolio, providing traders flexibility when they trade forex.

 

Is it safe to trade with IFX Brokers?

It is confidently stated that trading with IFX Brokers is a secure endeavour.

This is due to the broker’s possession of a Financial Services Provider (FSP) license and regulation by the Financial Sector Conduct Authority (FSCA). This reputable Tier-2 market regulator oversees banking and non-banking firms in South Africa.

Furthermore, when conducting trades with IFX Brokers, one can expect high transparency and access to competitive trading conditions.

To further safeguard the financial assets of its clients, IFX Brokers maintains separate bank accounts at reputable South African financial institutions for each customer, wherein the funds deposited by the clients are not accessible to the broker.

Therefore, the funds deposited to IFX Brokers can only be utilized by the trader for their trading activities.

 

Is it safe to trade with Moneta Markets?

Financial Service Provider (“FSP”) Moneta Markets South Africa (Pty) Ltd is licensed and regulated by the Financial Sector Conduct Authority (“FSCA”) of South Africa and does business under the name “Moneta Markets.”

Furthermore, the Financial Services Authority (“SVGFSA”) entity operates under registration number 2052 LLC 2022 as Moneta LLC, operating as Moneta Markets.

While Moneta Markets has three entities, most clients are currently directed to the unregulated offshore Moneta LLC.

Different regulatory agencies provide varying degrees of protection. For example, depending on the jurisdiction, regulated entities might be subject to minimum capital requirements, leverage restrictions, segregated funds regulations, and negative balance protection.

In certain instances, regulated entities have compensation funds to compensate clients if a broker becomes insolvent.

Moneta Markets states on its website that all client funds are held in a trust account at the AA-rated National Australia Bank and that all client trading accounts are protected against negative balances.

Negative balance protection guarantees that customers cannot lose more than their account balance. Moreover, Moneta Markets asserts that it is subject to stringent regulatory compliance and regular accounting audits and is fully insured.

 

Who is IFX Brokers?

IFX Brokers is a reputable and trustworthy financial services provider in South Africa, offering forex and CFD trading solutions since 2018. It is approved by the Financial Sector Conduct Authority (FSCA) and has earned a great reputation among investors.

IFX Brokers offers five active trading accounts to suit the needs of different skill sets, with spreads starting at 0.5 pips on popular instruments such as EUR/USD.

Additionally, traders can enjoy favourable conditions across all accounts, including a maximum leverage of 1:500 on forex majors and an average deal cost between $10 and $16.

IFX Brokers also allows various trading strategies, including hedging, scalping, and automated trading robots, and provides access to 70 alternative currency pairs and a few non-forex assets.

Furthermore, traders can use MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms and various secure deposit and withdrawal options.

 

Who is Moneta Markets?

Moneta Markets is a division of Vantage International Group LTD that was established in 2009 by a group of experts in finance, global markets, and technology.

Since then, it has developed into its entity and will debut as a brand in 2020. Moneta Markets claims on its website to serve over 70,000 customers in over 190 countries, with a monthly trading volume of over $100 billion.

Forex, stocks, ETFs, commodities, indices, and cryptocurrencies are available through Moneta Markets’ Contracts for Difference trading platform. In addition, MetaTrader 4 and the Pro Trader platform developed by TradingView, are all accessible options.