IFX Brokers vs Forex4you

IFX Brokers vs. Forex4you

We spent many hours thoroughly examining the best-in-class Forex brokers for 2022. Here, we take a closer look at IFX Brokers vs. Forex4you.

Which offers better pricing – IFX Brokers or Forex4you?

IFX Brokers charges typical spreads from 0.5 pips EUR/USD, while Forex4you’s spreads start from 0.1 pips EUR/USD.

Different kinds of commission-free and commission-based accounts are available from Forex4you. For example, commission-free Cent and Classic accounts have wider spreads, whereas commission-based Cent NDD and Pro STP accounts have tighter spreads.

All open positions incur overnight financing or “swap” costs at 10 pm GMT the next day. If positions are held over the weekend, a “switch” price of three days will be assessed on Wednesdays.

After twenty-four months of inactivity, the broker will assess an inactivity fee equal to ten of the account’s base currency. Rather than being assessed per trading account, the cost is averaged across all accounts in the trader room.

Which broker offers more security when trading Forex and CFDs?

IFX Brokers offers more security to traders participating in forex and CFD trading.

IFX Brokers is a South African broker licensed by the FSCA. IFX Brokers’ popularity has increased over the previous four years. However, it has not given its customers any cause to question its transparency or validity.

IFX Brokers offers a well-regulated and honest environment where novice and expert traders can trade various financial assets. Furthermore, all client funds are held in separate accounts, and the FSCA protects traders.

The Financial Services Commission (FSC) of the British Virgin Islands is an offshore regulating body that has authorized, registered, and regulated the firm trading under the brand Forex4you, owned by the E-Global Trade & Finance Group, Inc.

Which broker offers the superior trading platform?

IFX Brokers offers traders access to MetaTrader 4 and MetaTrader 5.

Forex4you’s trading platform is cross-platform (Windows, Mac, and Web) and available to all customers. In addition, Forex4you provides access to MetaTrader 4 and 5. Furthermore, the broker offers a downloaded desktop program and a custom, feature-rich online terminal.

You have complete command over your trades with the platform’s slippage feature, equity stop-loss, and login transparency shown in real time through tick charts. In addition, customizable charting, and periods as small as one minute allow for in-depth price research.

Mobile apps for both iOS and Android can access Forex4you’s exclusive platform. The software provides a user-friendly trading interface, account management facilities, sophisticated charting capabilities, user-defined trading preferences, and an economic calendar.

In addition, the MT4 platform is available as a mobile app with various features, including 30 technical indicators, 3 chart kinds, and 9 timeframe options. Furthermore, news stories and market prices for various financial instruments are updated in real-time.

Trading tools, including risk calculators, market scanners, statistical tools, and more, are available to Forex4you customers via the AutoChartist plugin for MetaTrader 4.

In addition to the whole set of orders and trade history, there is a financial news feed that includes the latest news from Dow Jones.

This is in addition to the programming services for automated trading and other capabilities available in the MetaTrader Market, which can be accessed via the MT4/5 platforms.

Do these brokers both offer MetaTrader?

IFX Brokers and Forex4you offer MetaTrader 4 and MetaTrader 5.

How many Forex pairs can I expect from these brokers?

IFX brokers provides access to 70 currency pairs, while Forex4you only offers 43.

Is it safe to trade with IFX Brokers?

It is safe to trade with IFX Brokers. IFX Brokers has an FSP license and is regulated by the Financial Sector Conduct Authority (FSCA), a recognized Tier-2 market regulator that monitors banks and non-banking firms in South Africa, so traders can feel at ease while working with the broker.

Furthermore, you may anticipate open communication and favourable trading circumstances while working with IFX Brokers. Client monies are held in separate accounts at reputable financial institutions in South Africa.

Traders’ deposits are kept separate from IFX Brokers’ operating money. Accordingly, these deposits are not utilized by the latter to meet financial commitments or other reasons.

Is it safe to trade with Forex4you?

It is safe to trade with Forex4you. Since its inception in 2007, E-Global Trade & Finance Group, Inc. has grown from its original 2007 debut of Forex4you, the company’s initial online trading business.

The goal of Forex4you is to provide retail consumers with the “low investment requirements and quality” online service that the foreign exchange market has to offer. Trademark of E-Global Trade & Finance Group, Inc.

The FSC has granted the Company a license to do business per the Securities and Investment Business Act, 2010 (License No. SIBA/L/12/1027) and has approved the company’s registration in the British Virgin Islands (Registration No. 1384287).

Furthermore, KPMG (BVI) Limited performs an annual audit of E-Global Trade & Finance Group, Inc.’s financial statements.

Who is IFX Brokers?

IFX Brokers debuted to the public in 2018, which means it is still a young broker compared to giants that started in the 1970s. However, through the well-known and dependable MT4 and MT5 trading platforms, IFX Brokers provides a variety of financial instruments across asset classes.

Because Equinix powers the platforms used by IFX Brokers, traders may anticipate low latency, less slippage, and some of the finest trading conditions. Additionally, IFX Brokers has 5 trading accounts that may be established, each suitable to a particular degree of expertise.

A ZAR-denominated account can be opened by South Africans, meaning that traders can deposit as little as $10 and pay 180 ZAR, depending on the USD/ZAR conversion rate.

Trading forex pairs denominated in other currencies, such as USD/EUR, incur currency translation fees, even though ZAR deposits and withdrawals are exempt from these costs.

Five flexible trading accounts are available from IFX Brokers, each suited to a distinct class of traders and their matching degree of expertise. Therefore, four out of five accounts charge the spread, and traders can anticipate fair and open pricing.

Who is Forex4you?

Established in 2007, Forex4you is the brand of E-Global Trade & Finance Group, Inc., a firm licensed and regulated by the Financial Services Commission (FSC) of the British Virgin Islands.

Through its in-house trading platform and the MetaTrader 4 and 5 platforms, Forex4you provides its customers with access to more than 150 markets in Forex, Indices, Commodities, and Shares.

Forex4you provides a demo trading account and several real money trading accounts (the Cent, Classic, Cent NDD, and Pro STP accounts) that range in the commission structure. In addition, only customers in countries with a majority Muslim population can open Islamic (swap-free) accounts.

Costs associated with trading, including spreads and overnight financing (swap) rates, are discussed in more detail below and will change according to the account type and instrument chosen.

Some deposit options may not incur any costs. Forex4you accepts various payment options, including major credit cards, e-wallets like Neteller, Skrill, and WebMoney, and even debit cards.

However, withdrawal costs are associated with some payment methods, and the broker imposes inactivity penalties after 24 months of inactivity.

Trading Central and AutoChartist services, Trading School, News, Articles, Trading Videos, and more are just some resources accessible for study and instruction.

Attractive incentives and promotions are offered, such as a 50% Cashback Program, a 100% bonus on first deposits, and a monthly Trading Hero Contest. In addition, the broker’s multilingual, round-the-clock service through phone, email, chat, and web phone is a nice touch.