IFX Brokers vs. CM Trading

IFX Brokers vs. CMTrading

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

Which offers better pricing – IFX Brokers or CMTrading?

IFX Brokers offers far tighter spreads on average for currency pairs like the EUR/USD at 0.2 pips. CMTrading offers a spread of 2.6 pips on the same currency pair on average.

Even though CMTrading does not appear to charge commissions, this spread offering is nonetheless higher than that offered by many other commission-free brokers.

Which broker offers more security when trading Forex and CFDs?

Both IFX Brokers and CMTrading provide the same level of security when trading Forex and CFDs. Both are South African-based Forex brokers which are regulated by the Financial Sector Conduct Authority (FSCA), which is the primary financial regulator in South Africa.

Which broker offers the superior trading platform?

IFX Brokers offers the full MetaTrader suite consisting of both MetaTrader 4 and MetaTrader 5, which comprise advanced, feature-rich and award-winning trading software.

CMTrading provides access to only MT4, however, the broker also provides its proprietary CopyKat software which allows for advanced and capable algorithmic trading.

Do these brokers both offer MetaTrader?

Yes, both IFX Brokers and CMTrading provide MetaTrader. IFX Brokers offers both MT4 and MT5, while CMTrading provides only MT4.

How many Forex pairs can I expect from these brokers?

IFX Brokers provides traders with access to 60 currency pairs, while CMTrading provides access to 50 currency pairs, so that IFX Brokers offers a wider range of currency pairs from which traders may select.

Is it safe to trade with IFX Brokers?

Yes. As IFX Brokers is fully regulated by the Financial Sector Conduct Authority (FSCA), South African traders can open an IFX Brokers account without fear of losing any money. This organization serves as the primary gatekeeper for the country’s financial markets.

IFX Brokers offers a risk-free, open, and safe trading environment. Clients may file a complaint with the Ombudsman if they believe their broker has not adhered to the FSCA’s standards for segregating trader and client funds.

Is it safe to trade with CMTrading?

Yes. CMTrading is likewise regulated by the Financial Sector Conduct Authority (FSCA), which is the primary financial regulator in South Africa. CMTrading is required to store all client funds in segregated accounts, and offers transparent pricing and trading conditions.

Who is IFX Brokers?

South African online trading broker IFX Brokers was founded in the nation of South Africa. As the company’s guiding principles, commitment, openness, and trust serve as the organization’s fundamental values.

Clients can trade and invest in a wide range of financial instruments online using MetaTrader 4, the most up-to-date trading platform available from the company.

Forex, indices, commodities, energy metals, and futures are just some of the goods available. Customers at IFX have the option of opening standard, raw, or Islamic trading accounts. In addition, a free demo account can be created.

There are 60 currency pairs available, as well as options on oil and natural gas, for each of the accounts. These features make it possible for the accounts to meet a wide range of trading needs.

There is no interest or riba on the IFX Islamic account, and there are no costs for using it. The way “no interest” works is by eliminating the ordinary swap charges normally given to positions held overnight or over the weekend.

IFX Brokers has a department that they refer to as the IFX Academy, and it is via this department that they make a significant quantity of educational content available to its customers.

This section of the IFX website is devoted to educational tools that may be utilized by users of any level, ranging from those who are completely new to the market to those who have substantial prior knowledge.

You will be provided with an electronic copy of all of the course materials as well as the assignments. You will get all of the course materials and assignments in this format, and the pace at which you finish the modules is totally up to you. You will receive the modules and the tasks in this format.

Due to the fact that the IFX platform is hosted at the Equinix NY4 data centre, users of IFX have access to nearly an infinite number of Virtual Private Server (VPS) possibilities.

Forex traders who use virtual private servers have access to a number of important perks, one of the most important of which is the ability to run automated algorithmic methods and access professional advisors virtually around the clock on a virtual computer.

As such, the servers are able to access multiple liquidity sources because they continually process the live interbank spread quotations while utilizing technology that is multi-tiered and offers the best bid and offer.

This combination of factors enables the servers to gain access to multiple liquidity sources. As a direct result of this, as soon as you execute a trade, it will immediately be connected to the current liquidity provider that is providing the best pricing at the lowest cost possible.

Who is CMTrading?

BLACKSTONE Marketing SA (PTY) LTD is the company that runs operations under the brand name CM Trading. The organization is not only the largest broker in South Africa but also one of the most forward-thinking Forex brokers in the entire world.

CMTrading is a one-stop shop for online trading that was established by traders for traders. The company combines many years of trading experience to achieve this goal. CMTrading is an online foreign exchange broker that focuses on index and commodity trading in addition to forex trading.

Traders are able to confidently invest their money in a highly secure and regulated environment. This environment enables traders to use Forex, Indexes, and Commodities, including Cryptocurrencies, in a seamless and technology-driven process. Traders may invest with confidence in this environment.

The Financial Sector Conduct Authority (FSCA) adheres to strong regulatory requirements, the purpose of which is to ensure that all organizations that participate in the financial markets participate in a marketplace that is fair and transparent.

The FSCA does not have the same reputation as other regulatory organizations, which might be a barrier for the company when it is trying to advertise its services to the global pool of retail traders.

Clients from all around the world can take advantage of the extensive range of cutting-edge trading options that CM Trading provides.

Trading platforms that are state-of-the-art and superlative liquidity are both offered by CM Trading to traders of all experience levels, from novices to seasoned professionals. CM Trading provides its customers with a variety of services and advantages, regardless of the account they choose.

There is also the option to open a trial version of any other sort of account. A CM Trading Demo Account of this type can be applied in a variety of different ways.

CM Trading’s Islamic Account is exclusively available to Muslim traders who uphold Sharia law in their daily lives. Traders should be aware of any aspects relevant to the Islamic account, which may differ significantly from the other individual accounts in a variety of ways including the minimum deposit required, spreads, and other factors.