IFX Brokers vs FXTB

IFX Brokers vs. FXTB

We devoted several hours to a comprehensive analysis of the top Forex brokers for 2023. This article compares IFX Brokers and FXTB.

Which offers better pricing – IFX Brokers or FXTB?

IFX Brokers provides a highly competitive spread of 0.2 pips for the EUR/USD currency pair. FXTB offers a spread of 1.6 pips, which are competitive for VIP account holders. However, spreads are less competitive with the lower account tiers. For example, with the basic account, users get 3 pips on the EUR/USD, which is notably wider than competitors.

IFX Brokers charge commission which apply on certain accounts. FXTB It does not charge commission on any of its four account types.

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is a South African broker that is full regulated by the Financial Sector Conduct Authority (FSCA). This is the primary financial regulator in the country, allowing traders with IFX Brokers to enjoy a high level of deposit security and fully transparent trading conditions.

FXTB is a broker that was founded in 2011 and headquarters in Limassol, Cyprus. The brand is owned by Forex TB Limited and is licensed by the Cyprus Securities & Exchange Commission (CySEC) to provide trading services to clients throughout the European Economic Area (EEA) and Switzerland.

Which broker offers the superior trading platform?

IFX Brokers gives users access to MT4 and MT5, comprising the whole MetaQuotes suite. These are regarded as the most well-liked and varied trading platforms in the market, and they provide social trading, a plethora of indicators, and strong charting tools.

FXTB offers trading on MetaTrader 4 which is preferred by beginner and novice clients. The platform is available on all mobile devices as well as the web and desktop devices.

Do these brokers both offer MetaTrader?

IFX Brokers offers trading on both MetaTrader 4 and MetaTrader 5 platforms, but FXTB only offers trading on the MetaTrader 4 platform.

How many Forex pairs can I expect from these brokers?

IFX Brokers offers trading in about 60 forex pairs, where FXTB offers trading in over 50 forex pairs.

Is it safe to trade with IFX Brokers?

Yes. The main regulatory authority in South Africa is the Financial Sector Conduct Authority (FSCA). They are in charge of overseeing IFX Brokers, ensuring that traders have access to transparent markets and a fair Ombudsman in the event that they run into any problems.

Is it safe to trade with FXTB?

Although FXTB is not regulated by the Financial Sector Conduct Authority (FSCA) in South Africa it is regulated in most of the other countries it operates in, which ensures the safety to trade with this broker.

FXTB is operated by Forex TB Limited, a Cyprus Investment Firm, authorised and regulated by the Cyprus Securities and Exchange Commission. The security and integrity of its clients’ funds are most important to the company. All clients’ funds are kept in separate accounts with trusted banks and it uses the highest standard PCI scan and SSL certificate for protection.

Who is IFX Brokers?

The South African foreign exchange broker, IFX Brokers is subject to the oversight of the Financial Sector Conduct Authority. The ability of any broker firm to continue operating is significantly impacted by the various regulations and limits they must adhere to. Because businesses have legal safeguards in place, there is less of a chance that they will become victims of fraud or other financial misdeeds.

IFX Brokers give its customers access to the MetaTrader 4 and MetaTrader 5 platforms, which are considered to be two of the most widely used and well-known platforms in the foreign exchange market. This is done in order to facilitate the speedy completion of foreign currency transactions.

These systems give its users access to an extensive variety of charting capabilities, a user-friendly interface that is able to handle many chart layouts and is available in two languages, and efficient order administration software.

MetaTrader versions 4 and 5 can not only be used on personal computers, but they are also compatible with mobile devices that run the iOS and Android operating systems and do not require the installation of any additional software.

The clients of IFX Brokers have access to an incredibly wide variety of trading alternatives and financial marketplaces to trade in. Products such as spot metals, energy, commodities, contracts for difference, stock indices, foreign currency, and virtual currencies are included in this category.

In addition to providing access to sixty different currency pairings, IFX brokers provide its customers with the opportunity to trade in natural gas, oil, and precious metals such as gold, silver, platinum, and palladium.

The lowest amount of money that must be deposited into a regular account is $100, and the smallest possible trade size is one hundredth of a lot. The U.S. dollar, the euro, and the South African rand are the primary currencies that can be used with this account.

In addition, the organization provides a demo account for potential customers to test out.

Customers of IFX brokers have access to a variety of easy methods, such as Pay Quick, Visa, and MasterCard credit cards, for depositing funds into and withdrawing funds from their accounts.

The fact that there are no costs associated with either deposits or withdrawals is the best aspect. Customers who are located in South Africa normally need between two and five hours to finish the withdrawal process.

On the other hand, it is common practice for businesses serving foreign customers to require a period of four or five working days to finish the withdrawal process.

Who is FXTB?

FXTB was established in 2015 and headquarters in Cyprus. It is operated by Forex TB Limited and regulated by the Cyprus Securities and Exchange Commission (CySEC). FXTB is an STP Forex Broker and its offering to the clients is wide and comprehensive since it proposes the same if not more investment opportunities to the world trading community.

With FXTB you have a choice in over 300 desirable financial assets. You can trade CFDs with confidence. Clients can invest and trade indices, commodities, and stocks through CFDs. You can trade CFDs on Forex assets and over 50 forex pairs, or trade CFDs on commodities such as gold, silver and crude oil.

In addition, you can trade CFDs on stocks of corporations such as Apple, Alphabet and Facebook, in addition to the largest Indices such as NASDAQ, S&P 500 and FTSE 100.

FXTB offer innovative CFDs trading platforms, namely the MetaTrader 4 and the WebTrader, which are available in all devices. MT4, offers traders three separate chart types, over fifty technical indicators, and you can personally customize it. With MetaTrader4, you can now monitor the market closely and have a better decision of when to open positions with Forex and other CFDs.

FXTB offers a choice between four live account types, basic, gold, platinum and VIP. The leverage rates are the same for all account types, though professional and retail accounts differ. The minimum deposit is $250 on the basic account. There are no deposit fees charged as well as no commission charges on any of the account types. You also have the option to open a demo account as well as an Islamic Swap-free account for clients that follow the Muslim faith.

Clients can deposit or withdraw funds through the client portal and the broker offers a variety of payment methods such as bank wire transfer, credit and debit cards, Neteller, Skrill, Sofort. Trustly, Giropay, IDEAL, EPS and Przelewy24.

Additionally, FXTB offers a variety of learning and research materials to its users. It provides traders with a resource known as Trading Central, where they may examine news, research, studies, and analyses of the market. Depending on the type of account that they have, customers have access to a variety of features, such as the Daily Market Analysis, Economic Calendar, and Market Updates, as well as Strategy Newsletters, the TC Research platform, and Web TV.

To help all traders understand market terms, there is also a trading dictionary available. Additionally, there are two parts of commonly asked questions, which cover a range of topics including the broker and the platform in general.

Through FXTB users gain access to educational material such as Webinars, Videos, guides, TipRanks, Trading eBooks, and CFD Trading Tips.

In addition to all of this, the broker offers an asset calculation tool that finds spreads, swaps, trade sizes, and fees in a few clicks.

In conclusion, FXTB offers superior trading via adaptable terms, platforms, and tools. Currency pairs, indices, commodities, and shares are only some of the financial instruments that can be traded by its customers. The fact that FXTB is covered by safeguards thanks to regulation by the European CySEC in line with the MiFID legislation is another plus.