IFX Brokers vs. Easy Markets

IFX Brokers vs. easyMarkets

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

Which offers better pricing – IFX Brokers or easyMarkets?

Both IFX Brokers and easyMarkets offer tight spreads, with IFX Brokers averaging at 0.2 pips on the EUR/USD, and easyMarkets averaging at 0.9 pips for the same currency pair.

Which broker offers more security when trading Forex and CFDs?

Both IFX Brokers and easyMarkets provide a high level of security when trading Forex and CFDs. IFX Brokers is a South African-based online Forex broker that is fully licensed and regulated by the Financial Sector Conduct Authority (FSCA).

This is the primary regulator of the financial markets in South Africa, and ensures that traders with IFX Brokers enjoy a high level of transparency and security on the highly volatile Forex markets.

easyMarkets is a broker headquartered in Cypress that operates on a global level. As such, easyMarkets is broadly regulated in several jurisdictions. The broker is regulated by CySEC, ASIC, the FSA and the BVI FSC. However, easyMarkets has not yet gained licensing by the FSCA.

Which broker offers the superior trading platform?

IFX Brokers is a full MetaTrader broker that offers access to both MT4 and MT5, which are considered the gold standard in trading platform software.

easyMarkets only offers MT4. However, the broker also offers a feature-rich proprietary trading platform which has received excellent user feedback and reviews.

Do these brokers both offer MetaTrader?

Yes, both brokers offer MetaTrader. However, easyMarkets offers MT4 and MT5, while easyMarkets only offers MT4.

How many Forex pairs can I expect from these brokers?

IFX Brokers provides access to 60 currency pairs, while easyMarkets comes out slightly ahead with 62 currency pairs. Both brokers offer the same selection of major currency pairs.

Is it safe to trade with IFX Brokers?

Yes. The Financial Sector Conduct Authority (FSCA) is South Africa’s major regulator, and as such, they oversee IFX Brokers to make sure that traders have access to fair and open markets and an impartial Ombudsman in the event of any problems.

Is it safe to trade with easyMarkets?

easyMarkets is recommended as a broker because of the company’s lengthy history of ethical behaviour, robust regulation, and stringent internal standards.

However, it should be noted that the subsidiary EF Worldwide, supervised by the BVI FSC, will be used by South African dealers. The BVI Financial Services Commission is not regarded as a leading regulatory body in the world.

Who is IFX Brokers?

The foreign exchange brokerage firm IFX brokers is situated in South Africa and derives its name from “IFX brokers holding limited.” The company is subject to the jurisdiction of the regional FSCA.

The stability of any broker firm is greatly impacted by the regulations and restrictions that are imposed. These laws and regulations were put in place to protect the business from suffering any kind of financial loss and to lessen the likelihood of being defrauded.

Customers of IFX brokers have access to the MetaTrader 4 and MetaTrader 5 platform, which are widely regarded as being among the most effective and widely used systems for currency trading in the world.

These platforms feature enhanced charting capabilities, advanced order management applications, and a bilingual user interface that supports different chart configurations.

In addition, you won’t have to worry about installing any additional software in order to use MetaTrader 4 or 5 on your iOS and Android devices as well as on PC.

IFX Brokers gives its customers the opportunity to trade on a variety of different kinds of trading instruments. Forex, indices, CFDs, spot metals, energy, commodities, and cryptocurrencies are all examples of these types of financial products.

In addition, IFX brokers provide clients with access to 60 different currency pairs, as well as precious metals (gold, silver, platinum, and palladium), natural gas, and oil.

The smallest potential deal size is 0.01 lot, whereas the minimum deposit required for a regular account is one hundred dollars in United States currency. Lastly, the account basis currencies are South African Rand, United States Dollars, and Euros.

In addition, the company gives you the option of using a practice account.

IFX brokers make it simple for its customers to deposit and withdraw money from their accounts using a variety of methods, including Pay Quick, Visa, and MasterCard credit cards.

The fact that there are no fees to withdraw money or make deposits is easily the best element of the whole deal. The withdrawal process for South African customers can be completed in as little as two to five hours.

The withdrawal process for non-southern customers, on the other hand, takes approximately four to five business days to finish.

Who is easyMarkets?

easyMarkets was founded in 2001 and is an SEC-compliant market maker with a fully automated trading platform.

It has a wider selection of trading instruments than most other Forex brokers, with over 62 currency pairs available for trading alongside commodities, indices, metals, shares, and cryptocurrencies.

With firsts like negative balance protection and a guaranteed stop-loss, easyMarkets has a long history of being a leader in the brokerage sector in terms of innovation.

With the goal of assisting traders in mitigating risk, it has continued to develop new tools such as easyTrade, Freeze Rate, and dealCancellation. In addition to offering trading on the popular MT4 platform, easyMarkets also supports scalping, hedging, and automated trading.

All customer funds at easyMarkets are held in segregated accounts at reputable financial institutions worldwide. Client monies are kept in a separate account so that they may only be used for paying clients and will never be utilized for the business itself.

The negative balance protection offered by easyMarkets guarantees that traders will never incur losses in excess of their account balances.

easyMarkets also undergoes regular audits by its authorities, which it exploits to its advantage by spotting possible weak spots in its operations and fixing them.

As a further safeguard against adverse economic consequences on the company or its portfolio of holdings, easyMarkets keeps Capital Adequacy to cover all customer deposits and running costs.

Unlike most brokers, easyMarkets provides clients with a choice of six distinct accounts, each with its own set of trading terms and conditions.

easyMarkets supports a wide variety of deposit and withdrawal alternatives, including bank wire transfers, credit and debit cards, Skrill, Neteller, and Sofort, in addition to a few choices that are exclusively available in specific countries. There are no fees associated with making a deposit or withdrawal.

The easyMarkets platform is compatible with MetaTrader 4, as well as the mobile MetaTrader tools. There are specialized risk management features available on the easyMarkets platform that are not included in MT4.

The easyMarkets platform is a web-based trading platform that is exclusive to the company. Because of its user-friendliness, robustness, and simplicity, it is well suited for novice traders.

A lot of traders would benefit from automated trading and the ability to add third-party plugins, but the platform doesn’t support either.

However, only this platform offers advanced trading functions such as dealCancellation, Freeze Rate, and Inside Viewer, making easyMarkets stand out from the crowd.

While the training resources offered by easyMarkets are just average in quality, the fact that they are all aimed at novice traders makes it an excellent option for those with no trading experience.

However, it does not provide advanced traders with any resources, and neither webinars nor live instruction are available.