IFX Brokers vs. Globex360

IFX Brokers vs. GlobeX360

We spent many hours thoroughly examining the best-in-class Forex brokers for 2022. Here, we take a closer look at IFX Brokers vs. GlobeX360.

Which offers better pricing – IFX Brokers or Globex360?

Both IFX Brokers and GlobeX360 offer tight spreads on average, with IFX Brokers charging 0.2 pips on the EUR/USD and GlobeX360 charging 0.9 pips for the same currency pair.

While both brokers charge commission, those charged by GlobeX360 are largely considered to be higher than the industry standard.

Which broker offers more security when trading Forex and CFDs?

Both IFX Brokers and GlobeX360 are South African Forex brokers which are fully regulated by the Financial Sector Conduct Authority (FSCA). As such, both brokers offer a high level of regulation and transparency when trading Forex and CFDs.

Which broker offers the superior trading platform?

Both IFX Brokers and GlobeX360 are MetaTrader brokers, though IFX Brokers offers both MT4 and MT5, while Globex360 only offers MT4.

As such, IFX Brokers has the superior offering in this regard. While MT4 is broadly touted as the industry gold standard in Forex trading software, the addition of MT5 provides more functionality and market access, and a greater variety of tools for advanced traders.

Do these brokers both offer MetaTrader?

Yes, both IFX Brokers and GlobeX360 are MetaTrader brokers, though IFX Brokers offers both MT4 and MT5, while Globex360 only offers MT4.

How many Forex pairs can I expect from these brokers?

Traders will have access to a greater variety of Forex pairs from IFX Brokers, as it offers a selection of 60 currency pairs, while Globex360 only offers 50 currency pairs.

Is it safe to trade with IFX Brokers?

Yes, IFX Brokers is fully regulated by the FSCA, which is the primary regulator of the financial markets in South Africa, making it safe to trade the markets.

Is it safe to trade with GlobeX360?

Yes, Globex360 is also a financial services company that has been registered with the Financial Sector Conduct Authority (FSCA) of South Africa and is regulated and approved by the FSCA.

The Financial Sector Conduct Authority (FSCA) is in charge of regulating financial institutions in South Africa.

The goal of the Financial Sector Conduct Authority (FSCA) is to enhance and preserve the efficacy and integrity of financial markets, as well as to protect investors by promoting equitable treatment and providing education on financial matters.

Who is IFX Brokers?

IFX Brokers is a regulated Crypto and Forex CFD broker in South Africa by the Financial Sector Conduct Authority (FSCA). They provide their day traders and investors with either the MT4 or MT5 trading platform, which is the industry standard.

Clients have the option of downloading the trading app for their desktop computers via iTunes or installing the mobile app from Google Play.

You can trade contracts for difference (CFDs) on more than 150 underlying assets with IFX Brokers, including major and minor forex pairs as well as the five most important cryptocurrencies, such as Bitcoin and Ethereum.

Their margin rates and leverage on normal Forex trades can go as high as 500:1, however with cryptocurrency CFDs, it is just 10:1.

 Your trading account can be set up to use any of the following currencies: GBP, EUR, ZAR, or USD. Credit cards, ETFPay, and Ozow are the payment methods that can be used to make deposits.

Even though they are based in South Africa, visitors to their website have the option of reading it in either English or Russian.

In addition to the typical fees, there is a price for periods of inactivity. If the customer’s account has the necessary funds available, the firm maintains the right to initiate a reoccurring fixed payment of USD50 every three months as part of the account maintenance fee.

If the client account has been inactive for this period of time and has a balance of less than USD50, the firm maintains the right to charge a lower sum to offset the administrative costs incurred by the company.

After such deals have been inactive for a period of ninety days, the corporation reserves the right to close any open deals at its discretion.

 In addition, the company reserves the right to liquidate any hedged positions after 21 days without providing any additional notice and may charge an administration fee equal to 0.1 percent of the total volume (deal plus hedge position) in US Dollars per day for hedging positions. This fee may be assessed as a daily fee.

Customers have access to a variety of deposit options, including wire transfers, credit and debit cards, and alternative payment methods including PayFast, iPAY, and PayU.

The first deposit requirement might range anywhere from $100 to $250 dollars, depending on the type of account you have and the payment method you choose. Each and every deposit fee is paid for by the company.

When making withdrawals, customers are required to use the same form of payment as was originally used to fund their trading account.

Withdrawals made using credit cards are restricted to no more than the initial deposit amount. For withdrawals that are greater than this amount, you will need to use a different withdrawal method.

Within the first sixty days after a credit card is used to finance an account, any withdrawals made from that account will be returned exclusively to the credit card that was used to fund the account.

Who is GlobeX360?

Globex360 is a South African company that provides internet trading services on a worldwide scale. The company was established in 2017.

There are over one hundred different trading products to choose from, and the asset sectors that are represented include foreign exchange (FX), commodities, metals, energy, and indexes.

The broker offers online trading with competitive spreads and a maximum leverage of 1:500. When using the MT4 trading platform, this encompasses the trading of indices, commodities, currency, and stocks.

GlobeX360 gives users the option to choose from three different types of traditional accounts: standard, professional, and expert.

The standard account is the most fundamental type of account, and it requires a deposit of at least $100. Spreads begin at 0.9 for currency pairs traded on this platform.

Spreads might range anywhere from 0.9 pips to 1.2 pips when it comes to other tradable assets. The maximum lot size is fifty, and the leverage is one to three hundred.

When you sign up for an account with GlobeX360, you can choose from one of four base currencies. These currencies are as follows: USD, GBP, EUR, and ZAR.

You should know that there is a possibility of incurring an exchange fee if you choose to open an account in a currency that is not one of the four base currencies, such as AUD or CAD.

The MT4 trading platform is the primary one that GlobeX360 uses to facilitate trades. MT4 is renowned for having an interface that is both user-friendly and highly customisable. This interface also includes automated monitoring, advanced charting, and live analysis.

Because of its time-honoured design and its cutting-edge analytical capabilities, it has established itself as a mainstay in the trading industry.

Whether you are interested in automated trading or refining your setup by using add-ons, the MT4 community has been around for a long time, so it is possible for you to incorporate signals, indicators, and oscillators into your trading techniques.