IFX Brokers vs Key to Markets

IFX Brokers vs. Key to Markets

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

Which offers better pricing – IFX Brokers or Key to Markets?

IFX Brokers provides a highly competitive spread of 0.2 pips for the EUR/USD currency pair. Key to Markets offers a spread of 1.0 and this depends on the account type and entity you trade with. However, overall the spreads are ultra-low, which is considered really good, offering competitive conditions.

IFX Brokers charge commission which apply on certain accounts. With Key to Markets, the MT4 and MT5 Standard account offers a simple feature where all costs are included in the spread from 1 pip + raw market spread without any commissions. The MT4 and MT5 Pro account delivers raw market spreads for Forex, Indices, Energy and Metals with a commission of 8$ per round. This account is usually preferred by scalpers and traders who require raw spreads for their strategies at all times.

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.

Key to Markets is situated in the United Kingdom and thus fully regulated and authorized and regulated in the United Kingdom by the Financial Conduct Authority (FCA). The company holds a MiFID passport which allows it to carry out its services in Europe. In addition, Key to Markets is also registered in Port Louis, Mauritius, and is regulated by the Financial Services Commission (FSC) of Mauritius.

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.

Key to Markets also offers trading on the popular MetaTrader4 and MetaTrader which is available in various versions compatible with all devices, mobiles and tablets.

Do these brokers both offer MetaTrader?

IFX Brokers as well as Key to Markets offers trading on both MetaTrader 4 and MetaTrader 5 platforms.

How many Forex pairs can I expect from these brokers?

IFX Brokers offers trading in about 60 forex pairs, where Key to Markets offers trading in 65 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 Key to Markets?

Although Key to Markets 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.

Key to Markets is a British broker and regulated through the Financial Conduct Authority (FCA) in the United Kingdom and the Financial Services Commission (FSC) in Mauritius. Due to regulation, Key to Markets holds client assets in segregated accounts with custodian banks, together with the most cutting-edge operating standards and customer protection applied procedures. Overall, this makes it a reliable broker who follows best practises.

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 Key to Markets?

Key to Markets is a brokerage firm established in 2010 that headquarters in London, England. The broker offers access to online financial trading and markets for institutional, corporate and individual clients. Additional entities are based in New Zealand, (Key to Markets NZ Ltd) and Mauritius, (Key to Markets International Ltd), as well as an intermediary in the UAE, operating under Key to Markets DMCC.

It is safe to trade with this broker since it falls under the watchful eye of the FCA in England and the FSC in Mauritius. It gives access to the global markets in a secure and regulated environment with competitive spreads with commission-free trading on forex, commodities, shares and indices.

Clients have the option to trade on the popular and globally known and preferred MetaTrader 4 and MetaTrader 5 platforms. They have a choice between two life account types namely a MT4 & MT5 Standard Account or a MT4 & MT5 Pro Account.

With both the accounts you get a true ECN execution and the only difference between the two accounts is how the commission is charged. Account fees are fixed and the total spread is variable as it is the case for any interbank liquidity pool and centralized market. Traders can also utilize the PAMM social feature for more unique investment opportunities. The minimum deposit on the standard account is $100. Commission on the Pro account is charged at $8 per round micro-lot and tight spreads start from 0.1 pips.

Key to Markets also offers a demo account as well as an Islamic Swap-free account for traders following the Muslim faith.

Key to Markets offers several funding methods and all client funds are segregated and maintained at a high-rated bank. Payment methods include bank wire transfer, debit and credit cards, Sepa transfer, Neteller, Skrill SticPay, UnionPay and Alipay Pay.

Key to Markets does provide some educational and research tools but it is not the ideal learning environment for beginner traders. The education section provides some webinars and information on how to trader the different instruments. Market analysis is provided through weekly market updates, some market analysis as well as thoughts and insights.

Overall Key to Markets is a reliable broker with top-tier licensed FCA. Opening an account is fully digital and the trading environment is good with ECN accounts. The range of platforms is excellent, the spreads offered are ultra-low, and the broker also offers Fix API trading.