IFX Brokers vs. Alpari

IFX Brokers vs. Alpari

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

Which offers better pricing – IFX Brokers or Alpari?

IFX Brokers offers better pricing than Alpari. As such, IFX Brokers offers tight spreads averaging at 0.2 pips for the EUR/USD currency pair, while Alpari offers rather higher spreads of 1.1 pips on the same currency pair.

Both IFX Brokers and Alpari charge commission on trades, though IFX Brokers offers the more competitive pricing with tighter spreads.

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is fully regulated in South Africa, where it is based, by the Financial Sector Conduct Authority (FSCA), which is the primary financial regulator in the country.

As such, it is safe to trade Forex and CFDs with IFX Brokers, which stores client funds in segregated bank accounts and operates in a transparent, regulated environment.

South Africans who are interested in trading can do so with confidence at Alpari. In addition to being incorporated in Saint Vincent and the Grenadines, it is regulated by the Financial Services Commission of Mauritius and the Financial Services Authority of the Seychelles.

That said, the FSCA is broadly considered a higher tier regulator than those which regulate Alpari in the region.

Which broker offers the superior trading platform?

Both IFX Brokers and Alpari offer traders with access to the full MetaQuotes suite of trading platforms, consisting of MetaTrader 4 and MetaTrader 5. As such, traders of all skill levels will find a compatible, user-friendly and feature-rich trading platform at both of these brokers.

Alpari also offers a proprietary copy trading platform, though copy trading is also provided through Expert Advisors from MetaTrader.

Do these brokers both offer MetaTrader?

Yes, both IFX Brokers and Alpari offers traders with access to both MetaTrader 4 and MetaTrader 5.

How many Forex pairs can I expect from these brokers?

Alpari offers traders with access to 46 Forex pairs, while IFX Brokers provides traders with access to 60 currency pairs, providing traders with a greater variety of trading options than Alpari.

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 Alpari?

According to the company’s website, Alpari Group has more than two million customers all over the world. Since 1998, the company has been operating as a global FX and CFD broker.

Regulation for Alpari comes from the Financial Services Commission of Mauritius as well as the Financial Services Authority of the Seychelles. Additionally, it is incorporated within the state of Saint Vincent and the Grenadines.

Traders from South Africa will conduct their business through Alpari International, a company that is governed and supervised by the Financial Services Commission (FSC) of Mauritius.

Despite the fact that the FSC is not often regarded as one of the most effective international regulators, it requires that Alpari comply with stringent financial requirements and keep all customer cash separate from the company’s operating capital in top-tier banks.

In addition to this, it ensures that Alpari offers South African traders security against negative balances, which means that traders can never lose more money than they have in their trading accounts.

Who is IFX Brokers?

IFX Brokers is a South African-based internet trading company. Commitment, openness, and trust serve as the company’s foundational fundamental values.

The company provides private and institutional traders with the cutting-edge MetaTrader 4 trading platform for online trading of a variety of financial instruments, including forex, indices, commodities, energy metals, and futures, among others.

IFX Brokers offers six different types of trading accounts. Additionally, you can create a demo account.

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

The IFX Islamic account is a swap-free account that is totally interest- and Riba-free. No interest works by eliminating the typical swap charges that would normally apply to overnight or weekend positions.

Minimum deposit requirements can differ across these account types. For example, the minimum deposit for a basic account is $100, whereas the minimum deposit for a RAW account is $250 and the minimum deposit for an Islamic account is $100.

Meta Trader 4 and 5 for IFX offers increased charting capabilities and fully-functional order management facilities.

These platform also feature a multilingual interface, thorough analysis, and different chart configurations. They are also customizable, allowing you to change the tabs’ position and size.

With 85 pre-installed indicators, IFX delivers one of the best MetaTrader upgrade packages. This illustrates IFX’s commitment to automated traders, a function not supported by IFX’s own platform.

Despite the absence of the MAM/PAMM module on MT4 at IFX, the trading platform does support copy trading. The platform is offered as a desktop application for Windows and Mac computers, as well as a mobile application for Android and iOS smartphones.

Who is Alpari?

Traders with substantial disposable income and a willingness to invest large sums of money into their accounts will find a good fit with Alpari’s variety of accounts on the MT4 and MT5 platforms. Some investors may be unsatisfied with Alpari’s selection of tradable assets.

There are four available live accounts at Alpari for use with the MetaTrader 4 and MetaTrader 5 trading terminals. The Pro Account is one of the lowest-cost accounts available, with EUR/USD spreads beginning at 0.4 pips and no commission.

However, this comes with a prohibitive minimum deposit of $25,000 USD, making it unattainable for the vast majority of investors.

Experienced traders may also be interested in Alpari’s ECN account, which requires a minimum deposit of $500 USD and offers spreads of 0.4 pips with a commission of $3 USD (round turn).

Overall, Alpari is a reliable broker for South African traders due to its lengthy history of responsible behavior, FSC regulation, stringent internal processes, and participation in a compensation plan.

Alpari supports the MetaTrader 4 and MetaTrader 5 trading platforms, in addition to its own copy trading system, and it permits all trading tactics, including hedging and scalping.

With the exception of the Micro Account, all account types have floating leverage and swap-free options (though restricted to the MT4 platform). Although Micro Account and ECN Pro Account demos are available, none is compatible with real-money trading.

Only the MT4 platform is supported for both of Alpari’s standard accounts, and both types of accounts have instant order execution. Although spreads on swap-free accounts tend to be greater than those on market execution accounts, no commission is payable in either case.

Only the Standard and ECN account types are available for practice trading with demo funds. Demo accounts have no expiration date and can be funded with additional virtual currency at any time, though after 14 days of inactivity they will be terminated. If this happens, traders can simply establish a new practice account.

Through Alpari CopyTrade, users are able to mimic the trades of experienced traders, or “Strategy Managers,” on the platform.

Because you don’t need any prior experience trading forex in order to get started, this is a great option for novice traders who want to start making money while they are still learning the ropes.