IFX Brokers vs BDSwiss

IFX Brokers vs. BDSwiss

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

Which offers better pricing – IFX Brokers or BDSwiss?

IFX Brokers offers five retail trading accounts with competitive trading conditions and spreads from 0.5 pips on the VIP Account. In addition, four IFX Brokers’ accounts are commission-free where only the spread is charged, ranging from 1 pip to 1.6 pips, with trading fees between 10 to 16 USD.

BDSwiss offers similar pricing to IFX Brokers but offers one account less. BDSwiss’ spreads start from 0.3 pips on the RAW Account, with commissions of 0.15% and trading fees from 8 to 15 USD.

BDSwiss only offers the Premium Account as a commission-free account, with commissions of 0.15% on all other accounts.

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is a South African-based ECN and STP broker regulated and authorized by the Financial Sector Conduct Authority (FSCA) as a Financial Service Provider (FSP). IFX Brokers’ FSP number is 48021, and the broker segregates all client funds deposited by clients.

BDSwiss is regulated in Germany by the reputable BaFIN. At the same time, its Cyprus entity is overseen by CySEC, a reputable Tier-2 market regulator. In addition, BDSwiss holds licenses in Mauritius and Seychelles with FSC and FSA, respectively.

Which broker offers the superior trading platform?

IFX Brokers and BDSwiss offer their traders a choice between MetaTrader 4 and MetaTrader 5. Both platforms were developed and launched by MetaQuotes. MT4 and MT5 can be accessed via desktop computers, internet browsers, and mobile devices that run on Android and iOS.

The BDSwiss WebTrader is accessible on both MAC and PC and is completely synchronized with the downloaded versions of MT4, allowing for live price tracking through a sophisticated market watch.

The BDSwiss WebTrader, available in over 24 languages, is intended to meet the demands of traders worldwide.

The BDSwiss WebTrader is a user-friendly platform that offers a variety of features, including distinctive indicators and an easy order window that instantly calculates position size, leverage, and needed margin.

The award-winning BDSwiss mobile application is easier to use than the regular MT4 mobile application. It is compatible with and syncs with the desktop MT4 program and has a straightforward and user-friendly trading interface.

The smartphone app includes basic trading, research, and account management features. Traders may add stops to open trades, open/close positions, and cancel working orders. Real-time charts are utilized for research and analysis, and automatic alerts are used to find trading opportunities.

Do these brokers both offer MetaTrader?

IFX Brokers and BDSwiss provide traders access to the full MetaTrader 4 and 5 suites.

How many Forex pairs can I expect from these brokers?

IFX brokers provides access to 70 currency pairs. However, BDSwiss only offers 50 forex major, minor, and exotic pairs that can be traded.

Is it safe to trade with IFX Brokers?

IFX Brokers is based in South Africa and has a full FSCA license. The Financial Sector Conduct Authority oversees the country’s many banks and other non-bank financial institutions like Forex and CFD brokers.

The Financial Sector Conduct Authority (FSCA) was established to safeguard investors by promoting fair corporate practices, providing appropriate financial information, and improving and sustaining financial markets’ effectiveness and integrity.

As a registered and well-regulated Financial Service Provider (FSP), traders can confidently trade with IFX Brokers knowing that their funds are safeguarded.

Is it safe to trade with BDSwiss?

BDSwiss is an international company with headquarters in Zug. The BDSwiss Group has registrations and licenses all around the globe. Regulation through several entities reassures prospective customers of regulation that they are working with a reputable broker.

BDS Markets are governed by the Mauritius Financial Services Commission (FSC). At the same time, BDSwiss Holding PLC is subject to CySEC regulation. BDSwiss GmbH is the company’s registered tied agent in Germany with license number 10134687 from BaFIN.

In addition, BDS Ltd. has been granted a license by the Seychelles Financial Services Authority (FSA) with license number SD047.

Furthermore, BDSwiss Holding PLC is controlled by the MiFID in the European Union, which enhances market transparency and harmonizes regulatory disclosure standards for certain markets.

As a regulated investment business, BDSwiss must abide by all applicable European and national laws and rules governing investment services, investment activities, and regulating markets.

Consumer monies are not kept in BDSwiss’ bank accounts. All client funds are separated into top-tier institutions to prevent customer assets from being exploited for administrative costs.

All customer monies are also immediately accessible for withdrawal. In addition, all client information is protected and never disclosed to other parties.

Who is IFX Brokers?

IFX Brokers is a reputable South African-based forex and CFD broker that opened its doors in 2018.

Over the past 4 years, IFX Brokers has made a name for itself in the South African derivatives market by providing five flexible ZAR accounts, MetaTrader 4 and 5 trading software, and a decent choice of currency pairings.

Traders of various skill levels can easily start using IFX Brokers’ five live accounts, each with a different minimum deposit requirement according to the level of trader the account is intended for.

Traders deposit between $10 and $1,000 and pay a spread from 0.5 pips on the Premium Account.

Most IFX Brokers’ trading options are commission-free, meaning traders only cover the spread. This means that the trading costs per lot that traders can expect a range from 10 to 16 USD.

With 70 currency pairings, IFX Brokers provides more major, minor, and exotic currencies than its competitors.

In addition, because IFX Brokers has a reasonably low minimum deposit, it offers a low entry barrier for inexperienced and casual traders who want exposure to competitive markets.

The commission-free Standard Account charges EUR/USD spreads starting at 1.3 pips. The Raw Account requires a minimum deposit of $1,000 in exchange for EUR/USD spreads starting from 0.5 pips and a commission fee of USD 6 per lot traded ($3 per side).

The fact that South African traders can open trading accounts with IFX Brokers in ZAR, EUR, USD, or GBP is an advantage as it eliminates currency conversion fees when depositing and withdrawing funds.

However, because traders can only create one account at a time, a single account holder must pay currency conversion fees when trading assets denominated in various currencies, such as the Euro vs. the US Dollar.

In contrast, pairs such as USD/ZAR will be exempted from this, and traders will only pay the spread.

Who is BDSwiss?

BDSwiss was established in 2012 and is a reputable broker with an extensive global clientele. It offers trading on a larger selection of instruments than other brokers, including Forex, commodities, equities, indices, and over 26 cryptocurrencies.

BDSwiss’ trading expenses are often higher than those of rival brokers. However, regarding industry recognition, BDSwiss exceeds several competitors and offers expert traders and institutional clients a range of robust and helpful tools, advice, training materials, and often updated research.

In addition, services such as AutoChartist, professional fund management solutions, real-time alerts, and VPS connectivity ensure that all its clients are well-equipped to join the market.

All trading experience levels will experience and appreciate the exceptional value BDSwiss offers, from raw variable spreads to institutional-grade liquidity and quick execution.