IFX Brokers vs. XS | (View Online Comparison 2024)

IFX Brokers vs XS

10 Best Forex Brokers in South Africa with Cent Accounts

Overall Comparison

FEATURE

IFX Brokers

XS

General comparison

4/5

3/5

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

1/5

Educational Resources

5/5

1/5

Trust Score

93

75

Best in class

x

 

Regulation Comparison

FEATURE

IFX Brokers

XS

Trust score

93

75

Year Founded

2018

2022

Publically Traded

No

No

Licensed in South Africa

Yes

No

Assets Comparison

FEATURE

IFX Brokers

XS

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

60

55+

US Stock Trading

No

No

International Stock Trading

No

No

Cryptocurrency CFDs

Yes

Yes

Fees Comparison

FEATURE

IFX Brokers

XS

Average Spread for EUR/USD

0.2 pips

0.7 pips

Commissions Charged

Yes

On the Raw accounts

ECN Execution

Yes

Yes

Market Maker Execution

No

No

Deposit Options Comparison

FEATURE

IFX Brokers

XS

Deposit fees

No

No

Bank wire

Yes

Yes

MasterCard

Yes

Yes

PayPal

No

No

Skrill

Yes

Yes

Minimum Deposit

$100

$200

Trading Platforms Comparison

FEATURE

IFX Brokers

XS

Desktop Platform

Yes

Yes

Mobile App

Yes

Yes

Social Trading

Yes

No

MetaTrader 4

Yes

Yes

MetaTrader 5

Yes

Yes

cTrader

No

No

DupliTrade

No

No

ZuluTrade

No

No

Proprietary Platform

No

Yes

Analytical Tools Comparison

FEATURE

IFX Brokers

XS

Economic Calendar

Yes

No

Social Sentiment

Yes

No

Trading Central

No

No

AutoChartist

No

No

Forex News Sources

Yes

No

Daily Market Commentary

Yes

No

Educational Resources Comparison

FEATURE

IFX Brokers

XS

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

XS

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. XS

We devoted several hours to a comprehensive analysis of the top Forex brokers for 2024. This article compares IFX Brokers and XS.

 

Which offers better pricing – IFX Brokers or XS?

IFX Brokers provides a highly competitive spread of 0.2 pips for the EUR/USD currency pair. XS offers a spread of 0.7 pips, which is quite within the norm compared to other brokers.

IFX Brokers charge commission which apply on certain accounts. XS offers commission-free trading on the Standard accounts, but charges commissions on the Raw accounts of $3 per lot per side.

 

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.

XS is part of the XS Group that has entities authorized and regulated in different countries around the world, including Australia, Cyprus, and Seychelles.

XS Ltd is registered in Seychelles and is authorized and regulated by the Financial Services Authority of Seychelles (FSA). XS Prime Ltd is registered in Australia and is authorized and regulated by the Australian Securities and Investments Commission (ASIC). XS Markets Ltd is registered in Cyprus and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).

Although the broker accepts clients from South Africa it does not fall under the regulation of the South African Financial Sector Conduct Authority (FSCA). It is not regulated in South Africa.

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.

XS also offers trading on both the MT4 and MT5 trading platforms. In addition, it also has the XS Web Trader and the XS Mobile Trader which are the in-house trading platforms.

 

Do these brokers both offer MetaTrader?

Yes, both IFX Brokers and XS offers trading on both MetaTrader platforms.

 

How many Forex pairs can I expect from these brokers?

IFX Brokers offers trading in about 60 forex pairs, where XS offers trading in over 55 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 XS?

XS is a trade name of the XS Group. The brand operates three subsidiaries, each with regulatory oversight. In Cyprus the regulatory body is the Cyprus Securities and Exchange Commission (CySEC).

XS also operated in the Seychelles and falls under the watchful eye of the Financial Services. In addition, the broker also operated in Australia where it is authorized and regulated by the Australian Securities and Investments Commission (ASIC).

It is not registered in South Africa under the regulation of the South African Financial Sector Conduct Authority (FSCA).

With these strict regulations in place, XS give the assurance that it segregates all client funds from business money and requires all new customers to provide identity verification in accordance with AML and KYC policies.

 

Who is IFX Brokers?

The South African foreign exchange broker, IFX Brokers is subject to the oversight of the Financial Sector Conduct Authority. The ability of any broker firm to continue operating is significantly impacted by the various regulations and limits they must adhere to. Because businesses have legal safeguards in place, there is less of a chance that they will become victims of fraud or other financial misdeeds.

IFX Brokers give its customers access to the MetaTrader 4 and MetaTrader 5 platforms, which are considered to be two of the most widely used and well-known platforms in the foreign exchange market. This is done in order to facilitate the speedy completion of foreign currency transactions.

These systems give its users access to an extensive variety of charting capabilities, a user-friendly interface that is able to handle many chart layouts and is available in two languages, and efficient order administration software.

MetaTrader versions 4 and 5 can not only be used on personal computers, but they are also compatible with mobile devices that run the iOS and Android operating systems and do not require the installation of any additional software.

The clients of IFX Brokers have access to an incredibly wide variety of trading alternatives and financial marketplaces to trade in. Products such as spot metals, energy, commodities, contracts for difference, stock indices, foreign currency, and virtual currencies are included in this category.

In addition to providing access to sixty different currency pairings, IFX brokers provide its customers with the opportunity to trade in natural gas, oil, and precious metals such as gold, silver, platinum, and palladium.

The lowest amount of money that must be deposited into a regular account is $100, and the smallest possible trade size is one hundredth of a lot. The U.S. dollar, the euro, and the South African rand are the primary currencies that can be used with this account.

In addition, the organization provides a demo account for potential customers to test out.

Customers of IFX brokers have access to a variety of easy methods, such as Pay Quick, Visa, and MasterCard credit cards, for depositing funds into and withdrawing funds from their accounts.

The fact that there are no costs associated with either deposits or withdrawals is the best aspect. Customers who are located in South Africa normally need between two and five hours to finish the withdrawal process.

On the other hand, it is common practice for businesses serving foreign customers to require a period of four or five working days to finish the withdrawal process.

 

Who is XS?

XS is a multi-regulated brokerage company providing access to traders with over a 100+ asset classes that includes forex, shares, indices, metals, commodities, cryptos, and energies. Through these instruments the broker provides its clients with competitive trading conditions, flexible funding options, and access to the popular MetaTrader trading platforms.

The XS Group has entities that are authorized and regulated in different countries around the world. It has offices in Australia, Cyprus, and Seychelles with the regulatory bodies of that particular countries keeping a watchful eye over the broker. The regulatory bodies in Australia is ASIC, CySEC in Cyprus, and FSA in Seychelles. They oversee the financial services in their respective jurisdictions and ensure that companies operating within their jurisdiction comply with applicable regulations and guidelines.

XS offers its clients a proprietary WebTrader trading platform as well as a WebTrader mobile app platform, alongside the popular and globally known and preferred MetaTrader4 and MetaTrader5. These platforms are renowned for their ease of use, extensive range of features, and automated trading capabilities, allowing traders to trade confidently and at their own pace.

The MT4 and MT5 trading platforms are accessible through desktop, web, or mobile devices, giving traders the flexibility to stay connected to the markets and trade at any time. This is a good trading opportunity that may be suitable for a wide range of traders, whether they are first time traders or experts.

There does not seem to be any hidden fees and the broker offers competitive spreads and commissions. Fees vary between the two live account types which is either a Standard or a Raw account type. The Standard account offers spreads from 0.7 pips, with no commissions charged, while the Raw account, offers tight spreads from 0 pips. There are also commission charges on the Raw account of $6 commission for round lot turn.

Beginner traders have the option to open a demo account and traders of the Muslim faith can also open an Islamic Swap-free account.

XS provides multiple options for funding your trading account, which include bank wire transfers, credit and debit cards, and online payment systems such as Skrill, Neteller, Klarna and Giropay. There is a clear indication on the broker’s website of the specific requirements and limitations for each funding method and this may differ based on the financial institution and your country of residence.

To open a live trading account with the broker, you need to deposit $200 as an initial deposit amount in the Standard account, which is fairly low compared to many other brokers.

One huge drawback with XS is that the broker does not offer any additional trading tools, social trading or educational content. The website indicated that the broker has created an Education Experts Program, which is aimed at partnering with those who specialize in education and training.

It is open to educational centres, websites, or experts who conduct educational seminars or webinars. However, it has not been properly developed and the research materials is not widely available.

Overall, XS is the new kid on the block but has already proven itself as a reputable online broker that offers a good range of financial instruments to trade with competitive spreads offerings.

IFX Brokers vs. Windsor Brokers | (Online Comparison 2024)

IFX Brokers vs Windsor Brokers

Overall Comparison

FEATURE

IFX Brokers

Windsor Brokers

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

4/5

Trust Score

93

80

Best in class

x

 

Regulation Comparison

FEATURE

IFX Brokers

Windsor Brokers

Trust score

93

80

Year Founded

2018

1988

Publically Traded

No

No

Licensed in South Africa

Yes

No

Assets Comparison

FEATURE

IFX Brokers

Windsor Brokers

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

60

50+

US Stock Trading

No

No

International Stock Trading

No

No

Cryptocurrency CFDs

Yes

Yes

Fees Comparison

FEATURE

IFX Brokers

Windsor Brokers

Average Spread for EUR/USD

0.2 pips

1.5 pips

Commissions Charged

Yes

Yes

ECN Execution

Yes

Yes

Market Maker Execution

No

No

Deposit Options Comparison

FEATURE

IFX Brokers

Windsor Brokers

Deposit fees

No

No

Bank wire

Yes

Yes

MasterCard

Yes

Yes

PayPal

No

No

Skrill

Yes

Yes

Minimum Deposit

$100

$50

Trading Platforms Comparison

FEATURE

IFX Brokers

Windsor Brokers

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

No

Analytical Tools Comparison

FEATURE

IFX Brokers

Windsor Brokers

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

Windsor Brokers

Offers education

Yes

Yes

Webinars

Yes

Yes

Beginner training videos

Yes

Yes

Advanced training videos

Yes

No

Glossary

No

Yes

Majors Offered

FEATURE

IFX Brokers

Windsor Brokers

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. Windsor Brokers

We devoted several hours to a comprehensive analysis of the top Forex brokers for 2024. This article compares IFX Brokers and Windsor Brokers.

 

Which offers better pricing – IFX Brokers or Windsor Brokers?

IFX Brokers provides a highly competitive spread of 0.2 pips for the EUR/USD currency pair. Windsor Brokers offers a spread of 1.5 pips, which is much higher than IFX Brokers.

IFX Brokers charge commission which apply on certain accounts. Windsor Brokers offers a choice between two live account types – Prime Account and Zero account. There are no commission charges on the Prime account but on the Zero Account $8 per round turn.

 

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.

Windsor Brokers has been offering investment services and activities to its clients since 1988. It is a brand name used by companies in many jurisdictions where it is also regulated through that countries regulatory body. Windsor Brokers headquarters in Belize which is known as an off-shore designation and regulated by the Financial Service Commission of Belize. The company is also regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC). In Jordan it is regulated by the Jordan Securities Commission (JSC).

Windsor Brokers also operates in the Seychelles where it is regulated by the Financial Services Authority, offering its services within the rest of the world except USA and EEA. In Kenya it is authorized and regulated by the Capital Markets Authority of Kenya (CMA).

Although Windsor Brokers accepts clients from South Africa, it is not regulated by the Financial Sector Conduct Authority (FSCA) who overseas brokers in the country.

 

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.

Windsor Brokers only offers trading on the MetaTrader4 platform which is available on desktop, all mobile devices and the web.

 

Do these brokers both offer MetaTrader?

IFX Brokers offers trading on both MetaTrader platform but Windsor Brokers only offers trading on the MetaTrader 4 platform.

 

How many Forex pairs can I expect from these brokers?

IFX Brokers offers trading in about 60 forex pairs, where Windsor Brokers offers trading in over 50 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 Windsor Brokers?

Although Windsor Brokers is not regulated by the Financial Sector Conduct Authority (FSCA) in South Africa it is regulated in most of the other countries it operates in, which ensures the safety to trade with this broker.

It is regulated in Belize through FSC and also regulated through CySEC, JSC, FSA and CMA. All of these regulatory bodies have strict policies in place which ensure that client money is kept in separate accounts from the business account.

 

Who is IFX Brokers?

The South African foreign exchange broker, IFX Brokers is subject to the oversight of the Financial Sector Conduct Authority. The ability of any broker firm to continue operating is significantly impacted by the various regulations and limits they must adhere to. Because businesses have legal safeguards in place, there is less of a chance that they will become victims of fraud or other financial misdeeds.

IFX Brokers give its customers access to the MetaTrader 4 and MetaTrader 5 platforms, which are considered to be two of the most widely used and well-known platforms in the foreign exchange market. This is done in order to facilitate the speedy completion of foreign currency transactions.

These systems give its users access to an extensive variety of charting capabilities, a user-friendly interface that is able to handle many chart layouts and is available in two languages, and efficient order administration software.

MetaTrader versions 4 and 5 can not only be used on personal computers, but they are also compatible with mobile devices that run the iOS and Android operating systems and do not require the installation of any additional software.

The clients of IFX Brokers have access to an incredibly wide variety of trading alternatives and financial marketplaces to trade in. Products such as spot metals, energy, commodities, contracts for difference, stock indices, foreign currency, and virtual currencies are included in this category.

In addition to providing access to sixty different currency pairings, IFX brokers provide its customers with the opportunity to trade in natural gas, oil, and precious metals such as gold, silver, platinum, and palladium.

The lowest amount of money that must be deposited into a regular account is $100, and the smallest possible trade size is one hundredth of a lot. The U.S. dollar, the euro, and the South African rand are the primary currencies that can be used with this account.

In addition, the organization provides a demo account for potential customers to test out.

Customers of IFX brokers have access to a variety of easy methods, such as Pay Quick, Visa, and MasterCard credit cards, for depositing funds into and withdrawing funds from their accounts.

The fact that there are no costs associated with either deposits or withdrawals is the best aspect. Customers who are located in South Africa normally need between two and five hours to finish the withdrawal process.

On the other hand, it is common practice for businesses serving foreign customers to require a period of four or five working days to finish the withdrawal process.

 

Who is Windsor Brokers?

Windsor Brokers is one of the older financial brokers that was established in 1988. Since its inception, the company’s objective has been to make it easier for investors to access international markets through a wide range of trading instruments, comprising more than 600 000 financial assets, including forex, cryptocurrencies, CFDs, futures, metals, and bonds.

Windsor Brokers has grown steadily and gradually over the years, expanding its global client base by investing in technology and human capital, while protecting investors’ funds. The broker has also received numerous awards globally for its services and developments, giving them an excellent reputation in the industry.

Windsor Brokers is licensed and regulated by the Financial Services Commission (FSC) of Belize, which is an offshore zone. In addition, Windsor Brokers Ltd is also licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), as well as EEA-authorized and MiFID compliant to deliver trading solutions within Europe. The broker is also registered to provide legal trading services in Jordan opening opportunities for Muslim traders to engage in forex with Islamic Swap-free accounts.

Windsor Brokers offers a choice between two live account types, which feature negative balance protection, multilingual customer support, and other educational benefits that bring many benefits to the process. The Prime Account is the preferred option for beginner or middle-size traders, while the Zero account is more focussed on the professional or active traders as it features tight spreads.

Clients are provided access to the globally known and preferred MetaTradaer4 platform and can trade in a range of trading instruments including over 600,000 financial assets like forex, indices, commodities, shares, energies, cryptocurrencies, CFDs, treasuries, metals and ETFs.

The broker does not offer a wide choice of funding methods but the most popular is available such as bank wire transfer, debit and credit cards, and e-wallets such as Neteller, Webmoney and Skrill. There are no deposit fees charges and the Prime account has no commission charges. However, commission of $8 per round lot is charged on the Zero account.

Windsor Brokers offers educational tools such as forex webinars and educational videos for beginner and advanced traders. An E-book collection covers the most of the subjects on things you should know about forex trading.

In addition, the broker also offers in-depth market analysis and daily technical outlooks prepared by some of the industry’s leading financial analysts. Traders can keep up to date with upcoming economic releases and events around the world with the broker’s economic calendar which is automatically updated during live announcements.

The broker offers forex calculators to help your trading in numerous additional methods. The Profit calculator supports more than 16 currency combinations and can calculate profit/loss for instruments that do not support manual input. Windsor’s Pip Calculator supports more than eight base currencies and more than fifteen currency pairings, while the Fibonacci calculator can generate retracement and extension levels in up and down trends.

Overall, Windsor Brokers is still among the oldest brokerage firms and this is possible by the seamless trading offering, in conjunction with the smooth trading operational process that was already in place. The broker provides the well-known platform, MT4 and provides access to the market that is competitive, as well as technical advancements and solutions. Additionally, customer support is at a very good level.