IFX Brokers vs Blueberry Markets

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. Blueberry Markets.

Which offers better pricing – IFX Brokers or Blueberry Markets?

IFX Brokers charges spreads from 0.5 pips EUR/USD with commissions from 6 USD per lot traded ($3 per side) when traders use the VIP Account.

In addition, IFX Brokers offers ECN and DMA execution, which ensures that traders can expect tight and competitive spreads and top trade execution speeds.

Blueberry Markets offers two trading accounts with spreads from 0.0 pips EUR/USD and commissions of 7 USD per lot traded. While the commissions are more than IFX, the spreads are much tighter, especially on major instruments.

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is based in South Africa, subjecting this ECN and STP broker to the Tier-2 Financial Sector Conduct Authority (FSCA) oversight. IFX Brokers is therefore well-regulated and guarantees that all client fund security measures are taken.

The Australian Securities and Investments Commission and the Securities Commission of the Bahamas oversee Blueberry Markets. The Blueberry brand operates as a division of Eightcap Pty Ltd. It is formally known as Blueberry Markets Group (registration number: AFSL 391441).

IFX Brokers and Blueberry Markets provide access to MetaTrader 4 and MetaTrader 5. These powerful and secure trading platforms provide a range of useful tools and functions. In addition, IFX Brokers and Blueberry Markets ensure that client information and data remain secure.

Which broker offers the superior trading platform?

MetaTrader 4, widely considered the best trading platform available, and MetaTrader 5, which has recently taken the lead, are both available through IFX Brokers. Traders will enjoy fast order execution, access to numerous trading venues, and a comprehensive set of resources.

Do these brokers both offer MetaTrader?

IFX and Blueberry Markets provide authorized access to MetaTrader 4 and MetaTrader 5.

Clients get unrestricted use of the platform, including all available tools and plugins for their installed applications. In addition, Blueberry Markets provides free Virtual Private Servers (VPSs) to qualified customers for the service as an additional tool.

Customers who regularly trade a minimum of 10 items every round-trip gain access to Blueberry Markets’ free VPS.

Blueberry Markets VPS allows these customers to host their trading operations. This capability allows them to operate the trading platforms around the clock, eliminating any possibility of downtime or other technical concerns.

The two most used trading platforms, MetaTrader 4 and 5, are also available via Blueberry Markets. MetaQuotes trading platforms provide traders with state-of-the-art tools and services for transacting in worldwide markets.

If a trader is interested in using one of these platforms, the corporation gives a licensed version at no extra cost. The DupliTrade portfolio of top strategy providers trades automatically on their MT4 account with a USD 2,000 minimum investment.

Demo accounts allow you to test out trading methods without risking any of your own money as you develop a feel for the market.

You can easily automate your trading with DupliTrade in a straightforward and novel method by copying the actions of experienced traders according to the duplication.

 Blueberry Markets makes it simple to automate your trading with indications from seasoned traders.

 When choosing traders, DupliTrade looks for those with a proven record of success and significant expertise in trading with real funds.

 DupliTrade has limited your options to only a handful of techniques due to their stringent selection criteria.

 With a single click, you could choose an approach, make changes to it, or even delete it entirely.

 In contrast to other signal suppliers, DupliTrade’s customer support is accessible around the clock, seven days a week.

How many Forex pairs can I expect from these brokers?

IFX brokers provides access to 70 currency pairs, while Blueberry Markets only offers 44 forex pairs over MT4 and MT5.

Is it safe to trade with IFX Brokers?

IFX Brokers is a safe option regarding regulation and client fund security. However, IFX Brokers must ensure that all client funds are kept in segregated accounts with top-tier banks.

These funds must be kept separate from the broker account. Therefore, they cannot be used for operations or to fulfil financial obligations.

In addition, as part of its FSCA license, IFX Brokers must frequently submit financial reports to the FSCA to ensure that it can meet its financial obligations.

Is it safe to trade with Blueberry Markets?

 Blueberry Markets Pty Ltd is an official representative of Eightcap Pty Ltd. The organization has an AFSL (Australian Financial Services License) from the Australian Securities and Investments Commission (ASIC). Tier one regulators include ASIC.

 Blueberry Markets Global is the trade name of Eightcap Global Limited, the broker’s offshore organization. Registration number SIA-F220 with the Securities Commission of the Bahamas (SCB) indicates that this organization falls under its authority. Accordingly, tier 3 regulation is represented by SCB licensing.

Most authorities require brokers to maintain client money in a separate account from the broker’s money. This procedure is carried out to lessen the possibility of fraud and other accounting-related problems.

Eightcap’s two separate companies meet this criterion. Eightcap’s two companies provide negative balance protection for regular traders, but institutional investors are not eligible.

Eightcap’s customers bear the burden of the broker’s credit risk since none of Eightcap’s two businesses participates in a compensation program. Therefore, if the broker or one of the institutions it deals with goes bankrupt, the client might not be repaid.

Who is IFX Brokers?

In 2018, IFX Brokers, a prominent South African brokerage, opened for business. As a result, traders can choose from various ZAR account types, use MetaTrader 4 and 5, and access a wide range of FX pairs.

If you are looking for a dependable South African FSP, look no further than IFX Brokers. South Africa’s Financial Sector Conduct Authority (FSCA) is not the most stringent regulator, but it is working to become such.

Traders can expect more exposure to several financial markets, including 70 forex pairs than other brokers typically offer. Leverage on a financial instrument can go up to 1:500 except on cryptocurrencies, which are capped at 1:5.

Traders can choose from five retail accounts, namely a Cent, Standard, Premium, VIP, and Islamic Account, each with competitive spreads and most with commission-free trading. For example, the VIP Account has the lowest spreads from 0.5 pips and charges a commission fee of 6 USD per lot.

Traders can choose from several base currencies when registering an account. In addition, South Africans can choose ZAR to exempt them from currency conversion fees when they deposit or withdraw funds.

South Africans can easily choose from several reliable deposit and withdrawal options, and no fees are charged. In addition, traders can choose from MetaTrader 4 or MetaTrader 5 when registering an account.

Who is Blueberry Markets?

The Australian-based Blueberry Markets is an internet broker that serves customers all around the globe from its base in Sydney. Blueberry Markets is today a top-tier ECN broker worldwide, having established itself by providing its forex financial expertise over electronic communication networks.

Although it specializes in trading currency pairings, it is well-versed in the wider world of commodities, indexes, energy, metals, and CFDs. The zero-pip spreads supplied by Blueberry Markets to its clients are one of the company’s most appealing characteristics.

The business’s low commission rates guarantee that its customers keep a larger share of its revenue. Earnings from traders are pooled among many Tier-1 institutions at Blueberry Markets. In addition, the ECN broker has a stellar reputation for providing competitive real-time pricing.

The most advanced and unique trading techniques are easy to apply with Blueberry Markets. It relies on innovative trading technology for its solid foundation, which in turn aids investors in getting better executions at lower spreads.