IFX Brokers vs. Khwezi Trade

IFX Brokers vs Khwezi Trade

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

Which offers better pricing – IFX Brokers or Khwezi Trade?

IFX Brokers offers tighter spreads on average than Khwezi Trade, when comparing the EUR/USD currency pair. IFX Brokers offers an average spread of 0.2 pips, while Khwezi Trade offers an average spread of 1 pip for the same currency pair.

That said, Khwezi Trade offers commission-free trading, while IFX Brokers charges commissions of $6 per lot on the VIP account.

Which broker offers more security when trading Forex and CFDs?

Both IFX Brokers and Khwezi Trade are South African brokers which are fully regulated by the Financial Sector Conduct Authority (FSCA). As such, both brokers are overseen by the primary financial regulator in the country, which ensures fair dealings and a transparent trading environment.

Both IFX Brokers ad Khwezi Trade store client deposits in segregated bank accounts to avoid any financial mismanagement.

Which broker offers the superior trading platform?

Khwezi Trade provides traders with access to the MetaTrader 4 platform, which is a renowned piece of trading software developed by MetaQuotes, and ensures that traders will be able to use a wealth of trading tools and analytical features.

IFX Brokers goes one step further, however, by offering both MT4 and MT5, the latter being the updated version of MT4 which is suited to more advanced trading strategies.

Do these traders both offer MetaTrader?

Yes, IFX Brokers offers MetaTrader 4 and MetaTrader 5, consisting of the full suite of powerful platforms offered by MetaQuotes, while Khwezi Trade offers MetaTrader 4, but not MetaTrader 5 as offered by IFX Brokers.

How many Forex pairs can I expect from these brokers?

Both IFX Brokers and Khwezi Trade provide access to 60 currency pairs, across majors, minors and exotics, and both brokers offer the same selection of major currency pairs, comprising a very good forex offering all around

Is it safe to trade with IFX Brokers?

Yes, IFX Brokers is subject to the full regulations of the FSCA.

This organization holds a strong position as the primary financial regulator for South African markets and enjoys a positive reputation on an international scale.

The Financial Services Board (FSB) was replaced on April 1, 2018, by the dedicated market conduct authority known as the Financial Sector Conduct Authority (FSCA), which was established by the Financial Sector Regulation Act 9 of 2017 (the FSR Act) to become a dedicated market conduct authority.

Is it safe to trade with Khwezi Trade?

Yes, the Financial Sector Conduct Authority of South Africa (FSCA) has authorized Khwezi Trade to operate as a broker and monitors its business activities.

Khwezi Trade applies stringent standards to its service offerings since maintaining a high level of quality is important not just to the company but also to the clients it serves.

Khwezi Trade is in full compliance with the regulations imposed by its regulators since it stores your money in a separate banking account. At no point will the safety of your monetary holdings be compromised.

Who is IFX Brokers?

Established in South Africa, IFX Brokers is a global online trading broker. Commitment, openness, and trust in all transactions with clients are the company’s guiding principles and also serve as the organization’s basic values.

Customers can take advantage of the company’s one-stop trading and investing experience by using the state-of-the-art MetaTrader 4 trading platform, which facilitates online trading of a variety of financial instruments.

In this sense, IFX Brokers include foreign exchange, indices, commodities, energy metals, and futures.

Standard IFX accounts, Raw IFX accounts, and Islamic IFX accounts are the three types of trading accounts offered to IFX customers. There’s more, too; you can create a demo account to try it out for yourself.

The flexibility and adaptability of the accounts make them suitable for a wide variety of trade needs.

There are no interest, riba, or other hidden costs associated with the IFX Islamic account because it is a swap-free account. Equally important, neither interest nor riba fees are applied.

To clarify, positions held overnight or over the weekend will not incur the usual swap expenses, hence the “no interest” designation.

Users of the IFX platform can choose from virtually an infinite number of Virtual Private Server (VPS) options because the platform is hosted at the Equinix NY4 data center.

With a VPS, Forex traders can contact experienced advisors and perform automated algorithmic approaches on a computer that is available essentially around the clock.

By continuously processing the live interbank spread quotations, using multi-tiered technology that provides the best bid and offer, the servers have access to numerous liquidity sources.

Because of these features, the servers can tap into a variety of markets for currency exchange. The outcome is that your trade will be routed through the most competitive market as soon as it is executed.

While only a few of investment banks and major hedge funds can match IFX’s guaranteed low latency and lightning-fast execution speeds, IFX offers these benefits to its customers in exchange for their business.

Who is Khwezi Trade?

South African brokerage Khwezi Financial Services was founded in 2013. The Financial Sector Conduct Authority (FSCA) of South Africa regulates the broker, which has offices in both Cape Town and Johannesburg.

Currency pairs, commodities, and indexes are all available through this broker, and there are also supplementary analysis tools and market alerts available.

The MT4 platform supports a wide variety of trading strategies while maintaining a user-friendly interface, making it suitable for novice and experienced traders alike. Fibonacci Retracements and moving averages are just two of many charting tools and custom indicators available to users.

Khwezi Trade provides access to 60 CFD currency pairs, 11 indices (including the Dow Jones and NASDAQ), and a select group of commodities (gold, silver, and crude oil), all through a single trading platform. The South African Rand is the currency used for all transactions (ZAR).

Be aware that the broker does not support trading in binary options or virtual currencies.

In live accounts, 1:400 is the maximum leverage allowed. Demo accounts have a lower maximum leverage of 1:100. These are not the greatest possible leverage levels, but they are appropriate.

There is a limited amount of research and instruction available regarding investment, such as market analysis, many video tutorials for the process of registering, and news articles. When you work with a different broker, you’ll have access to a wider variety of resources to choose from.

Khwezi Trade does, in fact, provide its customers with the option to subscribe to live technical analysis updates and signals through its Flexi Analysis service. For novices who are looking for assistance in gaining an advantage, this is an excellent choice.

A signaling service for the South African Rand is also available, and this service is known as Dynamic Outcomes. There is a monthly fee of 395 ZAR associated with this service (around 25 USD).