IFX Brokers vs. Exness

IFX Brokers vs. Exness

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

Which offers better pricing – IFX Brokers or Exness?

IFX Brokers offers highly competitive and transparent pricing, with the average spread on the EUR/USD going as tight as 0.2 pips, and no additional charges on deposits made. IFX Brokers does charge commission on certain accounts, but commission-free trading is also available.

While IFX Brokers offers some of the tightest spreads in the industry, Exness is renowned for offering the lowest pricing on the Forex market. The average spread for the EUR/USD is as low as 0.0 pips, thanks to Exness pure ECN pricing environment.

Exness also does not charge for deposits made, while both IFX Brokers and Exness do charge trading commissions depending on the account opened.

Which broker offers more security when trading Forex and CFDs?

IFX Brokers offers South African traders a high level of trading security when trading Forex and CFDs due to its regulation by the FSCA, which is the primary regulator of the financial markets in South Africa.

As such, IFX Brokers stores all client funds in segregated accounts with top-tier financial institutions in South Africa, and is required under this regulation to provide transparent pricing which is also complemented by excellent customer support.

Exness is an international Forex broker that is highly regulated in several jurisdictions by leading financial regulators. This includes the FCA in the UK, CySEC in the EU, and the FSCA in South Africa.

As such, both Exness and IFX Brokers offers a high level of security when trading Forex and CFDs.

Which broker offers the superior trading platform?

Both IFX Brokers and Exness provide traders with access to the MetaTrader 4 and MetaTrader 5 platforms, which comprise award-winning software with a feature-rich and easily navigable trading interface.

IFX Brokers allows for mobile trading through both MT4 and MT5, which is also available from Exness. However, Exness goes a step further by offers access to a proprietary mobile trading app, Exness Trader, which has been recognised for its ease of use and great trading features.

Do these brokers both offer MetaTrader?

Yes, both IFX Brokers and Exness provide access to the full MetaQuotes suite, consisting of MT4 and MT5, which are widely available for download across Windows and iOS devices and mobile apps.

How many Forex pairs can I expect from these brokers?

IFX Brokers offers access to 60 Forex pairs which include all of the most popular majors. Exness stands out for its comprehensive offering of 100 Forex pairs that includes the same popular majors as offered by IFX Brokers, as well as a good selection of minors and exotics.

Is it safe to trade with IFX Brokers?

Because IFX Brokers is fully regulated by the Financial Sector Conduct Authority (FSCA), it is quite safe for traders in South Africa to sign up with them. This organization is South Africa’s major regulator of the country’s financial markets.

Because brokers that are licensed by the FSCA are obligated to store all traders’ funds in segregated accounts, and dissatisfied customers have the ability to dispute unsatisfactory service via the Ombudsman, the trading environment provided by IFX Brokers is safe, transparent, and secure.

Is it safe to trade with Exness?

Yes, Exness is well-regulated both internationally and in South Africa. Exness is regulated by the Financial Conduct Authority (FCA) in the UK, the Cypress Securities and Exchange Commission (CySEC) in the EU, and the Financial Sector Conduct Authority (FSCA) in South Africa.

As such, Exness provides a highly regulated trading environment both in South Africa and in other jurisdictions.

Who is IFX Brokers?

IFX Brokers is an innovative online trading broker that has its headquarters in South Africa and provides its customers with cutting-edge technologies. A one-stop trading and investing experience is made possible for private and institutional customers by IFX Brokers.

This is accomplished by supplying customers with the highly developed MetaTrader 4 and Metatrader 5 platforms, which enable online trading of more than 200 instruments spanning six different asset classes.

Contracts for Difference (CFDs) and trading facilities on shares, foreign exchange (FX), commodities, cryptocurrencies, exchange-traded funds (ETFs), options, and indices are some of the services offered by IFX Brokers, which cater to a global market. IFX Brokers is a reliable broker with a solid reputation.

IFX Brokers is subject to oversight by the Financial Sector Conduct Authority, and the organization keeps all client monies in accounts that are kept entirely separate from business funds.

The availability of additional preventative measures, such as protection against negative balances, is made possible for the purpose of keeping their customers’ money safe.

IFX Brokers allows for immediate deposits and withdrawals, and provides a wide range of different ways for funding accounts. There is no fee associated with IFX Deposits.

When using IFX Brokers, the procedure of making a deposit is uncomplicated and uncomplicated, and the broker will cover any and all transaction expenses.

A trader who wants to make a deposit need only sign in to their protected client area, choose their preferred payment method, and then continue with the process. IFX Brokers provide their customers with the option of making quick withdrawals.

The safe client area that myIFXBrokers provides serves as the engine that drives withdrawals. In order to make a withdrawal, the customer must first join in to the protected client area provided by myIFXBrokers and provide information about their bank account that has been verified.

After verification has been carried out effectively, the procedure can then be finished.

Who is Exness?

One of the major foreign exchange brokers in the world is called Exness. They began operations in 2008 and currently have over 209,000 active traders, contributing to a monthly trading volume of $974.5 billion USD as of July 2021.

Because of this, they are now among the leading brokers in terms of the amount of trades conducted.

With their ECN account, Exness provides a tremendously low spread that is practically equal to zero pips. In South Africa, they are governed by the FSCA, and in addition to that, they are regulated by two more top-tier regulatory agencies.

In general, Exness is a fairly competitive broker when it comes to the trading costs they charge. There are no hidden costs, the spread is extremely competitive, and the commission structure for Pro accounts is fairly simple.

MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both of which were created by MetaQuotes Software Company, are the two versions of the MetaTrader trading platform that Exness is able to support. Technical traders will find that MetaTrader is the most useful trading platform available.

The MT4 platform offered by Exness may be downloaded from their website, and the installation process just takes a few minutes—roughly one to two minutes.