IFX Brokers vs. Superforex | (View our Comparison 2024)

IFX Brokers vs SuperForex

Overall Comparison

FEATURE

IFX Brokers

SUPERFOREX

General comparison

4/5

4/5

Regulation

5/5

3/5

Spreads and fees

4/5

3/5

Trading Platforms

4/5

4/5

Trading Apps

4/5

4/5

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

SUPERFOREX

Trust score

93

80

Year Founded

2018

2013

Publically Traded

No

Yes

Licensed in South Africa

Yes

No

Assets Comparison

FEATURE

IFX Brokers

SUPERFOREX

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

60

105

US Stock Trading

No

No

International Stock Trading

No

No

Cryptocurrency CFDs

Yes

Yes

Fees Comparison

FEATURE

IFX Brokers

SUPERFOREX

Average Spread for EUR/USD

0.2 pips

2 pips

Commissions Charged

Yes

Yes

ECN Execution

Yes

Yes

Market Maker Execution

No

Yes

Deposit Options Comparison

FEATURE

IFX Brokers

SUPERFOREX

Deposit fees

No

No

Bank wire

Yes

Yes

MasterCard

Yes

Yes

PayPal

No

No

Skrill

Yes

Yes

Minimum Deposit

$100

$1

Trading Platforms Comparison

FEATURE

IFX Brokers

SUPERFOREX

Desktop Platform

Yes

Yes

Mobile App

Yes

Yes

Social Trading

Yes

No

MetaTrader 4

Yes

Yes

MetaTrader 5

Yes

No

cTrader

No

No

DupliTrade

No

No

ZuluTrade

No

No

Proprietary Platform

No

No

Analytical Tools Comparison

FEATURE

IFX Brokers

SUPERFOREX

Economic Calendar

Yes

No

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

SUPERFOREX

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

SUPERFOREX

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. SuperForex

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

 

Which offers better pricing – IFX Brokers or SuperForex?

IFX Brokers provides a highly competitive spread of 0.2 pips for the EUR/USD currency pair. SuperForex offers a spread of 2 pips, which is much higher than that offered by IFX Brokers, but still very competitive.

Both brokers charge commission, though commissions only apply on certain account types.

 

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is a South African broker that is full regulated by the Financial Sector Conduct Authority (FSCA). This is the primary financial regulator in the country, allowing traders with IFX Brokers to enjoy a high level of deposit security and fully transparent trading conditions.

SuperForex only has one regulatory body namely the International Financial Services Commission in Belize. Although it operates in South Africa, the company is not regulated in South Africa by the FSCA, but does offer the same level of security to South African traders.

 

Which broker offers the superior trading platform?

IFX Brokers gives users access to MT4 and MT5, comprising the whole MetaQuotes suite. These are regarded as the most well-liked and varied trading platforms in the market, and they provide social trading, a plethora of indicators, and strong charting tools.

SuperForex only provides access to MT4, since it is known as the most reliable and innovative trading technology service out there. It is the preferred choice of trading professionals and designed to provide fast and accurate brokerage services to customers in forex, CFDs, and futures markets.

 

Do these brokers both offer MetaTrader?

IFX Brokers provides access to both MT4 and MT5, while SuperForex only provides access to MT4 on various devices.

 

How many Forex pairs can I expect from these brokers?

IFX Brokers provides access to 60 forex pairs, while SuperForex provides access to 80 forex pairs.

 

Is it safe to trade with IFX Brokers?

Yes. The main regulatory authority in South Africa is the Financial Sector Conduct Authority (FSCA). They are in charge of overseeing IFX Brokers, ensuring that traders have access to transparent markets and a fair Ombudsman in the event that they run into any problems.

 

Is it safe to trade with SuperForex?

It is safe to trade with SuperForex although it has only one regulatory body which is the International Financial Services Commission in Belize.

The IFSC is an unbiased governmental regulatory organ tasked with examining SuperForex policies, services, and assets. In 2016 the IFSC increased its capital requirements so that the required minimum of funds a broker needs to own in order to operate is now $500,000.

SuperForex allows South African traders to trade with it although it is not regulated in South Africa by the FSCA, but offering the same level of security to South African traders.

 

Who is IFX Brokers?

The Financial Sector Conduct Authority regulates IFX Brokers, a South African Forex broker. Regulations and constraints have a significant impact on the ability of any broker firm to maintain operations. Businesses have legal measures in place to avoid losses and fraud, hence reducing the likelihood of falling victim.

In order to expedite foreign exchange transactions, IFX brokers provide their clients with access to the MetaTrader 4 and MetaTrader 5 platforms, two of the most popular and commonly utilised platforms in the industry.

These systems provide their customers with a vast array of charting capabilities, a user-friendly interface that is available in two languages and is capable of handling several chart layouts, and effective order administration software.

MetaTrader 4 and 5 can be used without additional software on iOS and Android mobile devices in addition to PCs.

The financial markets and trading options available to clients of IFX Brokers are extraordinarily diverse. This area includes products such as spot metals, energy, commodities, contracts for difference, stock indices, foreign currency, and virtual currencies.

IFX brokers offer its clients access to natural gas, oil, and precious metals such as gold, silver, platinum, and palladium, in addition to 60 currency pairs.

The minimum deposit required for a standard account is $100 USD, and the minimum trading size is 0.01 lot. This account’s basic currencies are the U.S. dollar, the euro, and the South African rand.

The company also offers a test account for evaluation purposes.

Customers of IFX brokers enjoy convenient options for funding and withdrawing monies from their accounts, including Pay Quick, Visa, and MasterCard credit cards.

The best feature is that neither deposits nor withdrawals are subject to fees. Customers from South Africa typically require between two and five hours to complete a withdrawal.

However, it is customary for international consumers to require four or five business days to complete the withdrawal process.

 

Who is SuperForex?

SuperForex is an offshore forex broker that was founded in 2013 and headquarters in Belize. The broker is an online securities and derivatives broker offering trading in over 400 financial instruments on the MetaTrader 4 platform with ECN and STP execution.

SuperForex operates from Europe but caters to clients in over 150. countries. Its main focus is on the Africa continent and although office locations can also be found across the world, it also includes offices in South Africa, Zambia, Malaysia, Indonesia, and Zimbabwe.

SuperForex is known for offering top-tier services in trading and investment on the financial markets, which include trading in forex, cryptocurrencies, gold, metals, stocks, oil and indices.

SuperForex falls under the regulatory authority of the International Financial Services Commission in Belize. The IFSC is responsible for regulating SuperForex plus ensuring that its services are in agreement with international law.

Furthermore, SuperForex offers a multitude of Security Measures to its clients and their funds, which include making use of segregated funds in which client funds are kept and making use of an SSL certificate to protect client data.

Traders have a choice between a variety of live account types that fall under either STP accounts or ECN accounts. The terms and minimum deposits for each live trading account will vary, so it’s critical for traders to select the account type that best fits their unique trading objectives and methods.

Under the STP account type, traders can either open a Standard account, No spread account, Micro Cent account, Profi-STP account or a Crypto account.

With the ECN account option traders are allowed to trade directly on the forex exchange without making use of intermediary banks. Here you have a choice between Standard account, Standard Mini account, Crypto account, Swap Free account and a Mini Swap Free account.

Each account type has its own unique fees, spreads, commissions, and conditions.

SuperForex has been awarded for its excellence in a few field or which the most recent awards are the Best Cryptocurrency broker LATAM 2022 by Global Business Magazine; Best Withdrawal Options 2022, Africa by World Financial Award; Best ECN Broker in Africa for 2021 by Global Business Magazine; Best ECN Broker in Africa for 2021 by International Business Magazine; and Best New ECN Broker in Africa 202 by Global Brands Magazine.

Although it does not focus enough on research and educational material, SuperForex does have some educational resources that include Educational Videos, Training Lectures, Seminars, analytics, and Economic News.

The company offers excellent customer support via telephone, email, live chat and social media.

IFX Brokers vs. RoboMarkets | (View our Comparison 2024)

IFX Brokers vs RoboMarkets

Overall Comparison

FEATURE

IFX Brokers

ROBOMARKETS

General comparison

4/5

4/5

Regulation

5/5

3/5

Spreads and fees

4/5

4/5

Trading Platforms

4/5

4/5

Trading Apps

4/5

4/5

Analytical Tools

4/5

3/5

Educational Resources

5/5

3/5

Trust Score

93

69

Best in class

x

 

Regulation Comparison

FEATURE

IFX Brokers

ROBOMARKETS

Trust score

93

69

Year Founded

2018

2012

Publically Traded

No

No

Licensed in South Africa

Yes

No

Assets Comparison

FEATURE

IFX Brokers

ROBOMARKETS

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

60

36

US Stock Trading

No

No

International Stock Trading

No

No

Cryptocurrency CFDs

Yes

No

Fees Comparison

FEATURE

IFX Brokers

ROBOMARKETS

Average Spread for EUR/USD

0.2 pips

1.0 pips

Commissions Charged

Yes

No

ECN Execution

Yes

Yes

Market Maker Execution

No

Yes

Deposit Options Comparison

FEATURE

IFX Brokers

ROBOMARKETS

Deposit fees

No

No

Bank wire

Yes

Yes

MasterCard

Yes

Yes

PayPal

No

Yes

Skrill

Yes

Yes

Minimum Deposit

$100

$100

Trading Platforms Comparison

FEATURE

IFX Brokers

ROBOMARKETS

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

No

ZuluTrade

No

No

Proprietary Platform

No

No

Analytical Tools Comparison

FEATURE

IFX Brokers

ROBOMARKETS

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

ROBOMARKETS

Offers education

Yes

Yes

Webinars

Yes

Yes

Beginner training videos

Yes

No

Advanced training videos

Yes

No

Glossary

No

No

Majors Offered

FEATURE

IFX Brokers

ROBOMARKETS

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. RoboMarkets

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

 

Which offers better pricing – IFX Brokers or RoboMarkets?

IFX Brokers and RoboMarkets both offer tight, competitive spreads. IFX Brokers has a tight spread of 0.2 pips on the EUR/USD currency pair, while RoboMarkets offers 1.0 pips for the same currency pair.

IFX Brokers charges competitive commissions of $6 per round turn, while RoboMarkets does not appear to charge commissions but works these charges into the spread.

 

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is a fully licensed and regulated Forex broker that is based in South Africa. As such, IFX Brokers is overseen by the Financial Sector Conduct Authority (FSCA) of South Africa, which is the primary regulator of the financial markets in the country.

RoboMarkets’ headquarters is in Cyprus and the company is regulated by the Cyprus Securities and Exchange Commission (CySEC) since its inception. It also operates in 20 of the EU countries and is regulated by that particular country’s regulatory body, such as FMA, CNB, Danish FSA, EFSA, FIN-FSA, ACPR, BaFin, FCS, CONSOB, FCMC, Central Bank of Hungary, Bank of Lithuania, MFSA, AFM, CMVM, NBS, ATVP, CNMV and FI.

Although it does accept clients from South Africa is not fall under the watchful eye of the Financial Sector Conduct Authority (FSCA) in South Africa.

 

 

Which broker offers the superior trading platform?

IFX Brokers provides access to both MetaTrader 4 and MetaTrader 5, which are widely regarded as the best trading platforms in the industry. As such, traders will have access to a wide range of tools, diverse market access, and fast execution.

RoboMarkets also offers trading on MetaTrader 4 and MetaTrader 5 on all five the account types and trading conditions differ depending on which platform you use. 

 

Do these brokers both offer MetaTrader?

Yes, IFX Brokers and RoboMarkets offers access to both MT4 and MT5 trading platforms.

 

How many Forex pairs can I expect from these brokers?

IFX brokers provides access to 60 currency pairs, while RoboMarkets only provides access to 36 currency pairs.

 

Is it safe to trade with IFX Brokers?

Yes, IFX Brokers is a regulated Forex broker with a South African basis that possesses a complete FSCA licence. The numerous financial institutions in the nation are under the direction of the Financial Sector Conduct Authority (FSCA).

The Financial Sector Conduct Authority (FSCA) was established with the aim of protecting investors by promoting fair treatment and educating people on various financial matters, as well as to promote and maintain the efficiency and integrity of financial markets.

 

Is it safe to trade with RoboMarkets?

Although RoboMarkets is not regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, it is regulated through CySEC in Cyprus in addition to a number of regulatory authorities in the EU. In light of this, traders will still receive full deposit security and a transparent trading environment.

 

Who is IFX Brokers?

South African Forex broker IFX Brokers is well-regulated and has a lot of clients. Customers of IFX brokers can use the MetaTrader 4 and MetaTrader 5 trading platforms, which are some of the most popular and successful in the world.

These platforms have better charting features, state-of-the-art order management programmes, and a bilingual user interface that lets charts be laid out in different ways.

MetaTrader 4 or 5 can also be used on iOS and Android devices without having to install any extra software.

Customers of IFX Brokers can trade on a wide variety of trading instruments. Some of these financial products are currencies, indices, contracts for difference (CFDs), spot metals, energy, commodities, and virtual currencies.

Clients of IFX brokers can also trade in 60 different currency pairs, precious metals (gold, silver, platinum, and palladium), natural gas, and oil.

The smallest deal size is 0.01 lot, but a standard account requires a minimum deposit of $100 in US dollars. South African Rand, US Dollars, and Euros are the account base currencies, in that order.

You can also use a “practise account” instead of a real account.

Customers of IFX brokers can easily add money to and take money out of their accounts by using Pay Quick, Visa, or MasterCard credit cards, among other options.

The biggest advantage to trading through IFX Broker is that there are no fees for deposits or withdrawals. The withdrawal process can be done in as little as two to five hours for South African customers.

On the other hand, it takes four to five working days to finish the withdrawal process for customers outside of the country.

 

Who is RoboMarkets?

RoboMarkets was established in 2012 and headquarters in Limassol, Cyprus. The company is regulated by the CySEC. It received its license as a European broker in 2013.

As a result of the tremendous expansion that has taken place over the course of the past decade, the company currently offers professional services to its clients, both retail and institutional.

RoboMarkets is a multi-asset broker that provides traders with access to more than 12,000 different trading instruments across 6 different marketplaces. This includes forex, stocks, indices, cryptocurrencies, ETFs, commodities, metals and energies.

All clients receive access to professional trading platforms and cutting-edge proprietary technologies. The company offers the use of the best trading platforms namely MetaTrader 4, MetaTrader 5 and R Trader.

Both MetaTrader 4 and MetaTrader 5 are well-known, reputable, and reliable trading platforms that are highly customizable and user-friendly while R Trader can also be accessed on a variety of devices.

RoboMarkets offers traders a choice between five different live accounts, each with its own features. The accounts cater to the individual needs of traders with varying levels of skill, experience, and experience.

The Pro Account is the most popular account type at RoboMarkets and suitable for traders with different experience on the currency market.

The ECN Account’s main features are very low spreads and are mostly intended for professional traders who prefer advanced trading conditions.

The Prime Account is intended for experienced traders and include the best trading conditions available at RoboMarkets.

With the ProCent Account, the base currency is using cents and it allow traders to test new trading strategies with small deposits.

The R Stocks Trader Account is a unique account for trading through multi-asset web platform R StocksTrader and focus on the experienced trader. Through this account, traders have access to all major financial markets from a single account.

The minimum deposit required for any form of account is $100, however spreads can be quite different depending on the type of account you have. The most competitive spreads are available for accounts that include commission costs because those payments more than cover the cost of the broker.

In addition, RoboMarkets offers a choice between multiple payment methods with no commissions charged on deposits or withdrawals.

RoboMarkets has also obtained various awards since its inception. Some of the most recent awards that it has won include, Safest European Broker – 2020, Best Trading Execution – 2019, Best Client Service in Forex, Europe – 2019, Leading European Indices Broker – 2019, and Leading Mobile Trading Broker – 2018, to mention but a few.

RoboMarkets offers multilingual customer support 24/7, and is ready to serve you at any time. It offers live support through the chat function on the website, or it can be reached by telephone or email. The website also features a comprehensive FAQ section that makes provision for common queries and questions that clients may have.