IFX Brokers vs InstaForex

IFX Brokers vs. InstaForex

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

Which offers better pricing – IFX Brokers or InstaForex?

IFX Brokers provides a highly competitive spread of 0.2 pips for the EUR/USD currency pair. InstaForex offers a spread of 0.0 pips, which is slightly lower than that offered by IFX Brokers, but still very competitive.

Where IFX Brokers charge commissions, InstaForex charges no commission on any of its 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.

InstaForex is part of the InstaFintech Group which has been operating in the forex industry since 2007. Through the holding company, InstaForex is authorized and licensed by the Financial Services Commission (FSC) under the Securities and Investment Business Act (SIBA), the British Virgin Islands (BVI).

Currently a British Overseas Territory, the British Virgin Islands (BVI) have an English common law-based judicial system. The main economic pillar of the Islands is financial services, hence the BVI is encouraging the presence of the global corporate sector.

The independent Financial Services Commission (FSC) oversees financial services in the British Virgin Islands because the BVI is a significant global player in the financial services sector.

In 2013 the FSC together with the regulators of 31 European countries have accepted a Memorandum of Understanding, which is about the joint assistance in supervising investment funds. This fact confirms the respectful role of the FSC on the global financial markets and that the jurisdiction of the BVI is well recognized worldwide.

This not only guarantees its compliance with laws that ensure international protection, but traders can also rest assured that they are protected.

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.

InstaForex also provides access to MT4 and MT5, but also allows trades through its WebTrader and MultiTerminal platform

Do these brokers both offer MetaTrader?

Yes, IFX Brokers as well as InstaForex provides access to both MT4 and MT5.

How many Forex pairs can I expect from these brokers?

IFX Brokers provides access to 60 forex pairs, while InstaForex provides as choice of more than a 100 forex currency pairs that can be traded in.

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 InstaForex?

Yes, but although InstaForex is not regulated in South Africa by the FSCA, it offers the same level of security to South African traders through the Financial Services Commission (FSC) under the Securities and Investment Business Act (SIBA), the British Virgin Islands (BVI).

Who is IFX Brokers?

The Financial Sector Conduct Authority regulates IFX Brokers, a South African Forex broker. Regulations and constraints have a significant impact on the ability of any broker firm to maintain operations. Businesses have legal measures in place to avoid losses and fraud, hence reducing the likelihood of falling victim.

In order to expedite foreign exchange transactions, IFX brokers provide their clients with access to the MetaTrader 4 and MetaTrader 5 platforms, two of the most popular and commonly utilised platforms in the industry.

These systems provide their customers with a vast array of charting capabilities, a user-friendly interface that is available in two languages and is capable of handling several chart layouts, and effective order administration software.

MetaTrader 4 and 5 can be used without additional software on iOS and Android mobile devices in addition to PCs.

The financial markets and trading options available to clients of IFX Brokers are extraordinarily diverse. This area includes products such as spot metals, energy, commodities, contracts for difference, stock indices, foreign currency, and virtual currencies.

IFX brokers offer its clients access to natural gas, oil, and precious metals such as gold, silver, platinum, and palladium, in addition to 60 currency pairs.

The minimum deposit required for a standard account is $100 USD, and the minimum trading size is 0.01 lot. This account’s basic currencies are the U.S. dollar, the euro, and the South African rand.

The company also offers a test account for evaluation purposes.

Customers of IFX brokers enjoy convenient options for funding and withdrawing monies from their accounts, including Pay Quick, Visa, and MasterCard credit cards.

The best feature is that neither deposits nor withdrawals are subject to fees. Customers from South Africa typically require between two and five hours to complete a withdrawal.

However, it is customary for international consumers to require four or five business days to complete the withdrawal process.

Who is InstaForex?

In 2007, the InstaFintech group of firms established InstaForex as a forex trading platform. After the registration was complete, the broker went forward and negotiated contracts with the main provider of online trading software, MetaQuotes Software, as well as the largest news sources, including eSignal, Reuters, and others.

The broker began its operations by entering into an arrangement with significant Western counterparties that would provide access to the foreign exchange market. This agreement was in place for the first few months of the broker’s operations. This event marked the beginning of the brokerage company known as InstaForex.

As an international broker, InstaForex, gives customers access to the world’s trading floors for everything from trading forex in ECN to dealing with commodities and derivatives. The organization operates numerous introducing offices in diverse regions of the globe.

InstaForex is a pioneer in development and introduction of modern technologies and tools for trading and was one of the first companies to use the PAMM system.

Since its inception, the company has also won numerous awards as Best Broker in Asia, Best Client Service, Best Broker in Western Europe, Best Retail Broker, and Best Broker in the CIS countries, and many other nominations.

InstaForex offers a choice of trading in currencies, shares, indices, metals, oil and gas, commodity future, cryptocurrencies and futures. It offers three live account types, namely a Standard Account, Eurica Account and a Cent.Standard Account.

Standard accounts work for all types of traders and allow a trade to be settled with classical spread and with no fees. On the Eurica account type zero spreads are applied and it is recommended for newbies because it is not necessary to take into consideration the spread in case of pending orders usage.

Cent.Standard account types are developed for beginning traders and oriented to those clients who just learn to trade, and for this purpose they need access to the minimal possible trade volume.

InstaForex also supports both prominent athletes and sports teams such Liverpool FC, Sicilian Palermo football club, and Formula E racing team. Some of the decorated athletes are Ilona Korstin, Ole Einar Bjørndalen, Magnus Carlsen, Oleg Taktarov, and Janko Tipsarević.