IFX Brokers vs Axiory

best forex brokers

Overall Comparison

FEATURE

IFX Brokers

Axiory

General comparison

4/5

4/5

Regulation

5/5

3/5

Spreads and fees

4/5

4/5

Trading Platforms

4/5

5/5

Trading Apps

4/5

4/5

Analytical Tools

4/5

4/5

Educational Resources

5/5

4/5

Trust Score

93

90

Best in class

x

 

Regulation Comparison

FEATURE

IFX Brokers

Axiory

Trust score

93

90

Year Founded

2018

2011

Publically Traded

No

No

Licensed in South Africa

Yes

No

Assets Comparison

FEATURE

IFX Brokers

Axiory

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

70

62

US Stock Trading

No

No

International Stock Trading

No

No

Cryptocurrency CFDs

Yes

No

Fees Comparison

FEATURE

IFX Brokers

Axiory

Average Spread for EUR/USD

0.2 pips

0.2

Commissions Charged

Yes

Yes

ECN Execution

Yes

Yes

Market Maker Execution

No

No

Deposit Options Comparison

FEATURE

IFX Brokers

Axiory

Deposit fees

No

No

Bank wire

Yes

Yes

MasterCard

Yes

Yes

PayPal

No

No

Skrill

Yes

Yes

Minimum Deposit

$10

$10

Trading Platforms Comparison

FEATURE

IFX Brokers

Axiory

Desktop Platform

Yes

Yes

Mobile App

Yes

Yes

Social Trading

Yes

Yes

MetaTrader 4

Yes

Yes

MetaTrader 5

Yes

Yes

cTrader

No

Yes

DupliTrade

No

No

ZuluTrade

No

No

Proprietary Platform

No

Yes

Analytical Tools Comparison

FEATURE

IFX Brokers

Axiory

Economic Calendar

Yes

Yes

Social Sentiment

Yes

Yes

Trading Central

No

No

AutoChartist

No

Yes

Forex News Sources

Yes

No

Daily Market Commentary

Yes

Yes

Educational Resources Comparison

FEATURE

IFX Brokers

Axiory

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

Axiory

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. CMC Markets

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

 

Which offers better pricing – IFX Brokers or Axiory?

Axiory offers better pricing.

Axiory’s spreads start from 0.2 pips EUR/USD. Overall trading costs with Axiory per lot come to 8 USD, whereas with IFX Brokers, spreads start from 0.5 pips. Furthermore, the lowest trading costs are 10 USD on the Premium Account.

 

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is a well-regulated broker and licensed Financial Services Provider (FSP) overseen by the Tier-2 Financial Sector Conduct Authority (FSCA) in South Africa, making it a trustworthy and reputable forex and CFD broker.

Axiory is well-regulated by one Tier-1 regulator, the Financial Conduct Authority (FCA), and two Tier-3 regulators, the IFSC and FSC.

Both IFX Brokers and Axiory ensure that client funds are protected, and that client money is kept in segregated accounts with top-tier banks. Furthermore, additional measures are implemented to ensure that client data and information remain safe.

 

Which broker offers the superior trading platform?

Axiory provides its traders with a choice between MetaTrader 4, MetaTrader 5, cTrader, and the proprietary Axiory CopyTrade. IFX Brokers offers its traders a choice between MetaTrader 4 and MetaTrader 5.

Axiory and IFX Brokers offer MetaTrader 4 and MetaTrader 5 via mobile, web, and desktop devices.

Axiory provides access to the cTrader platform for trading through web browsers, desktops, and mobile devices. The Axiory cTrader for the web is created using HTML5. It is compatible with all displays and operating systems.

The desktop edition of cTrader can only be downloaded and installed on a Windows-based personal computer. On the other hand, the mobile cTrader is available for download and installation on iOS and Android smartphones.

Overall, the same capabilities are accessible regardless of the current cTrader version. In addition, the cTrader interface is intuitive, quick, and pre-loaded with critical capabilities.

Expert traders at Axiory CopyTrade have the chance to impart their knowledge and experience to inexperienced investors. Beginners can easily use the proprietary platform of Axiory to copy the trading strategies of signal providers to their profiles.

 

Do these brokers both offer MetaTrader?

IFX Brokers and Axiory provide traders access to MetaTrader 4 and 5 on mobile, desktop, and various internet browsers.

 

How many Forex pairs can I expect from these brokers?

IFX brokers provide access to 70 currency pairs, while Axiory offers 62 forex pairs. These forex pairs include forex major, minor, and exotic pairs with competitive pricing and flexible leverage.

 

Is it safe to trade with IFX Brokers?

Yes, IFX Brokers is a safe and trustworthy broker overseen and regulated South Africa by the Financial Sector Conduct Authority (FSCA). To ensure that IFX Brokers can keep its FSCA license, the broker must keep all client funds segregated from its operating funds.

In addition, IFX Brokers must ensure that client funds are not used to fulfil financial obligations, and periodic financial reports must be submitted to the FSCA.

 

Is it safe to trade with Axiory?

Because of the Financial Conduct Authority’s (FCA) emphasis on client safety, the Axiory CopyTrade platform managed by London & Eastern LLP has been approved. As a result, Axiory is subject to active FCA regulation.

The International Financial Services Commission (IFSC), a legislative entity in Belize, is responsible for monitoring and enforcing international financial service provider regulations.

To protect traders, Mauritius’s Financial Services Commission (FSC) closely monitors Axiory Global Ltd. At the same time, the Mauritius Financial Services Commission controls and promotes the country’s financial institutions and the stock market.

The FSC monitors and oversees Axiory’s Tradit Ltd brand to guarantee that it offers all traders a secure, honest, and transparent trading environment.

Customer funds are maintained in separate accounts at reputable financial institutions. PricewaterhouseCoopers (PwC), a well-known global network of financial services providers that includes auditing, audits these segregated funds.

 

Who is IFX Brokers?

IFX Brokers is a prominent South African broker established in South Africa in 2018. They provide a variety of ZAR accounts, support for MT4 and MT5 trading platforms, and a good selection of currency pairings to trade.

Traders of differing levels of expertise may choose from five different live accounts at IFX, each of which has a different minimum deposit requirement. In addition, there is a variety of minimum deposits, starting at 10 USD and going up to 1000 USD.

The minimum deposits required for IFX Brokers accounts are tied to increasing account advantages and a reduction in trading costs. In addition, a wide variety of deposit and withdrawal options is available with IFX Brokers.

IFX Brokers does not permit the financing of accounts by or via other parties. Furthermore, every withdrawal request must be processed via a funding source that bears the trader’s identity.

Traders in South Africa will be glad to learn that IFX Brokers provides trading accounts in various currencies, including ZAR, EUR, USD, and GBP.

However, since they are only permitted to create a single account, they will be subject to expenses associated with currency conversion when trading on instruments such as the EUR/USD.

Deposits are often processed immediately and at no cost, while wire transfers might take anywhere from 24 to 48 hours.

Even though IFX Brokers does not provide much information on the different withdrawal options, the broker processes withdrawal requests from South African customers within two to four hours on average.

Lastly, customer assistance at IFX Brokers is offered in English over the phone and by email from Monday through Friday, 10 am to 6 pm South African Standard Time (SAST).

 

Who is Axiory?

Axiory is a well-regulated and well-known online broker managed by a group of dedicated visionaries with the overarching goal of delivering an original strategy for FX and CFD trading.

Axiory started as a small brokerage firm in 2012 but has since evolved to become one of the most well-known and respected financial intermediaries worldwide.

Axiory was established in 2011 and has its headquarters in Belize. It provides clients with access to more than 350 CFD trading products. However, because the FSCA does not regulate Axiory, South African investors are not covered by any of the country’s existing investor protection programs.

Additionally, Axiory participates in a compensation program offered by the Financial Commission. This program ensures that customer deposits are safeguarded up to 20,000 US Dollars per eligible trader.

Axiory utilizes the Straight Through Processing (STP) and the Electronic Communication Network (ECN) broker models. Because there is No Dealing Desk (NDD), customer orders are sent straight to the interbank liquidity pool, where they are executed.

An NDD model eliminates any potential for human error. Axiory does not charge any fees for making deposits or withdrawals, and Axiory does not charge any fees for inactivity on accounts that have been idle for an extended period.

However, dormant accounts will be cancelled after a period of three months of account inactivity has passed. A few more commercial tools are available to Axiory traders, but nothing is impressive.

The AutoChartist software is helpful, but most of you could probably get by with the platforms that are readily accessible inside the trading platforms that are offered to you. Clients who have successfully registered for a valid account get unrestricted access to all available resources.