IFX Brokers vs ATFX

IFX Brokers vs. ATFX

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

Which offers better pricing – IFX Brokers or ATFX?

IFX Brokers and ATFX both offer tight, competitive spreads. IFX Brokers has a tight spread of 0.2 pips on the EUR/USD currency pair, while ATFX offers 0.1 pips for the same currency pair.

IFX Brokers charges competitive commissions of $6 per round turn, while ATFX charges a commission on its Premium Account of $25 per million traded, per side.

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.

ATFX headquarters in London, United Kingdom and is regulated and authorized by one of the strictest and most demanding regulatory entities namely the Financial Conduct Authority (FCA).

ATFX is also authorized and regulated in Cyprus along with the EU zone by Cyprus Securities and Exchange Commission (CySEC). Along with this licensing, ATFX is also in compliance with MiFID.

Although ATFX accept clients from South Africa it is not registered with 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.

ATFX only offers trading on MT4. 

Do these brokers both offer MetaTrader?

No, IFX Brokers offers access to both MT4 and MT5, while ATFX only provides access to MT4.

How many Forex pairs can I expect from these brokers?

IFX brokers provides access to 60 currency pairs, while ATFX only provides access to 44 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 ATFX?

Yes, although ATFX is not regulated by the FSCA in South Africa, local traders will still receive full deposit security and a transparent trading environment.

ATFX is regulated and authorized in the United Kingdom by the Financial Conduct Authority (FCA), which is known to be one of the strictest regulatory bodies in the world.

In Cyprus, ATFX is regulated by the Cyprus Securities and Exchange Commission (CySEC). In addition, it is also licensed by the Financial Services Commission (FSC) in Mauritius as well as a few other regulatory bodies in jurisdictions that it operates in.

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 best thing about the whole thing 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 ATFX?

ATFX is a British forex broker that was founded in 2014 and forms part of the AT Group network of global branches to provide its services to both retail and institutional traders.

The company has multiple offices around the world which fall under different regulatory jurisdictions, but with its head offices in the City of London, the broker is authorized and regulated by the Financial Conduct Authority (FCA).

With ATFX, investors are provided with access to over a hundred CFD financial instruments including Forex, Precious Metal, Crude Oil, Indices, and Shares. All the instruments can be executed on one platform and offer the best opportunities to all investors.

ATFX offers clients the option of opening three kinds of life account types, namely a Standard Account, Edge Account or a Premium Account. The minimum deposit required to open an account is on the Standard Account which is $500. If you are an experienced trader, you can opt to open a Premium Account. Beginner traders also have the option of opening a demo account with which to practise with before going into live trading.

ATFX offers commission-free trading on two of its account types with tight spreads which vary depending on the instrument being traded. This reduces the costs linked with trading and opening positions.

Trading conditions vary depending on the asset you trade with and on ATFX’s website, traders will find an updated list of trading conditions for each individual asset. These are also divided into categories which makes it easy to find exactly what you are looking for such as forex majors, minors, exotics, metals, oil, indices, cryptos, and shares.

Although it might seem as if ATFX’s offering of only one platform to trade on is a limited offer, MetaTrader 4 is highly popular. This is due to its suite of advanced features and fast execution. It is available on multiple devices such as desktop, iOS and Android as well as WebTrader.

With ATFX’s MT4 WebTrader, you just need to log in to trade and there is no hassle of downloading or installing the platform. It is web-based, you simply launch the WebTrader and start trading online.

ATFX offers a wide range of research tools, including an economic calendar, Trading Central, and a quarterly market outlook. In addition, ATFX also provides a Forex Education Centre, where you can develop your trading skills with the broker’s free education resources. Available is e-books, in-depth trading courses, MT4 platform guideline videos, trading strategies, and many more.

Since the brokers inception it has received a number of awards. In 2019 alone it was crowned the Best Forex Customer Service, at the World Finance Forex Awards; Best Customer Service, at the ADVFN International Financial Awards; and the #1 Best Client Support, Online Broker-Portal Award.

Overall, ATFX is a well-regulated and reliable broker that provides a variety of trading instruments and trading accounts for traders of all experience levels. The broker’s cheap pricing structures, swift order execution, and diverse financing options make it a convenient and effective option for traders worldwide.

The broker’s customer service is also excellent, as are market analyses, educational resources, and research materials, which are essential for both novice and expert traders.