IFX Brokers vs FXCC

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. FXCC.

Which offers better pricing – IFX Brokers or FXCC?

Tight, competitive spreads are available at both IFX Brokers and FXCC. For example, while IFX Brokers’ EUR/USD spread is 0.5 pips, FXCC’s ECN XL Account spreads begin at 0.0 pips, and there are no commission fees.

With no deposit costs, no trading commissions, and spreads as low as 0.0 pips, the ECN XL Account is sometimes referred to as a “zero account.”

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is a South African-based licensed and authorized foreign exchange broker. As a result, IFX Brokers is subject to the Financial Sector Conduct Authority (FSCA), the country’s primary financial markets regulator.

FXCC is a reputable trading broker with regulation and authorization from the Tier-2 Cyprus Securities and Exchange Commission (CySEC). However, IFX Brokers has a much higher trust score than FXCC based on its regulation and authorization with FSCA as a Financial Services Provider (FSP).

Which broker offers the superior trading platform?

IFX Brokers offers MT4 and MT5, while FXCC only offers traders access to MetaTrader 4. The key advantage of utilizing a third-party platform like MT4 or MT5 is that traders may take their customized versions of the platforms with them if they switch to a different broker.

There are versions of MT4 and MT5 for use with Windows, Android, iOS, and web browsers. As far as broker platforms go, IFX Broker’s assistance is around par. However, as an added downside, MT4 and MT5 are often more complicated to install and less user-friendly than other brokers’ web-based systems.

In contrast, FXCC’s MetaTrader 4 can meet the demands of both novice and seasoned chart artists, even though there are newer versions of the household brand.

FXCC’s rapid execution as a straight-through-processing (STP) broker with no dealing desk is a great match for MetaTrader 4’s user-friendliness and adaptability. Thus, traders may reap both benefits by swiftly responding to shifting market attitudes and seizing opportunities as they arise.

If you use FXCC MetaTrader, you can improve your speed, flexibility, and precision. Despite missing MetaTrader 5, this trading platform has essential features such as customizable trading methods, in-depth technical analysis, and automated trading.

The program is accessible on desktop computers, mobile devices, and internet browsers. In addition, you can easily manage several accounts using FXCC MetaTrader, which is also compatible with expert advisors.

Do these brokers both offer MetaTrader?

IFX Brokers offers MetaTrader 4 and MetaTrader 5, while FXCC only has MetaTrader 4.

How many Forex pairs can I expect from these brokers?

IFX brokers provides access to 70 currency pairs, while FXCC offers 71 forex pairs.

Is it safe to trade with IFX Brokers?

Yes, IFX Brokers is a South African foreign exchange broker. As a result, they are subject to stringent regulations imposed by the Financial Sector Conduct Authority (FSCA), the major regulatory body in South Africa.

Subsequently, IFX Brokers provides a transparent trading environment with trade security measures in place, and all customer money is kept in accounts that are kept separate from one another.

Is it safe to trade with FXCC?

FXCC has always been devoted to the greatest level of international legal compliance and has always sought to give traders total peace of mind, regardless of where they are located or when they trade.

Due to the broker’s worldwide presence in growing continents, the firm has guaranteed that its legal structure complies with European laws and international regulations.

FXCC has developed several measures that exceed the minimum regulatory criteria required to operate in different jurisdictions. This is done to offer customers the utmost comfort and assurance, so they can always feel entirely safe in their transactions with the broker.

With FXCC’s unique business strategy, its success is directly tied to that of its customers. Furthermore, with trust and openness as its basic principles, FXCC seeks to develop a strong connection with clients, always looking out for their best interests.

 The MT4 platform employs 128-bit encrypted connections to transfer information between servers, guaranteeing the safety of all transactions. Expanded security measures based on public-key cryptography are also available via FXCC, which should prevent would-be scammers.

FXCC claims that some of the broker’s procedures go above the minimum requirements set out by several countries. However, the broker’s careful monitoring of all requests for financial assistance ensures the safety of all such requests.

Who is IFX Brokers?

However, IFX Brokers, a leading broker in South Africa, has only been in operation since 2018. Traders have access to an extensive selection of currency pairings, can use either MetaTrader 4 or 5, and can choose from five ZAR account options.

IFX offers five unique live accounts, each with a different minimum deposit requirement, to suit traders with varying degrees of ability and experience.

When trading EUR/USD spreads of one pip or more, the minimum deposit is 10 USD, while the maximum is 1,000 on more premium and professional accounts.

The 70 distinct currency pairings offered by IFX Brokers encompass a wider range of major, minor, and exotic options than the bulk of the company’s rivals.

If you satisfy the conditions for creating an account with IFX Brokers, which include a minimum deposit requirement, your trading expenses and benefits will increase.

You can trade in a fair and transparent environment where you expect fast trade execution and the best pricing aggregated from top liquidity providers.

Who is FXCC?

Forex broker FXCC was established in 2010, offering a platform free from manipulation and trading without conflicts. In addition, FXCC has a few advantages that make it a great broker for novice traders.

Direct access to the ECN model is provided through the trading platform, an STP/ECN brokerage. FXCC brokers, in contrast to Dealing Desk brokers, do not take the other side of trades.

Because orders, stops, limits, and trades placed by clients are carried out by counterparties, FXCC is always on the client’s side.

Clients of FXCC have access to a wealth of resources, including advantageous trading conditions, educational resources, and the MetaTrader 4 trading platform. In addition, FXCC allows for the adoption of any trading strategy, including low currency spreads and clear pricing.

In FXCC, investors can access Forex resources, such as currency conversion calculators, real-time quotes, market hours, open positions, closing prices, interest rates, and more. These resources help Forex traders stay abreast of market developments by providing valuable knowledge.

New traders and those with little experience will find the broker’s instructional website helpful. Reading Forex charts and engaging in Forex trading are topics covered in many of the manuals.

The manuals also include useful advice on how to craft a profitable trading strategy. An important part of any trading platform is reliable customer service. FXCC provides this by maintaining a support team available 24 hours a day, 5 days a week.

You can easily get assistance with any problem you are having from these customer support representatives. Because of its long history in the industry and expert staff, FXCC has gained a solid reputation among its customers.

The availability of training materials, the availability of individualized help, and the lack of commission charges are all benefits of dealing with FXCC.

Although FXCC only provides one account type and one trading platform, the ECN XL is a powerful service that traders of all experience levels can use.