IFX Brokers vs Libertex

IFX Brokers vs. Libertex

We spent many hours thoroughly examining the best-in-class Forex brokers for 2023. Here, we take a closer look at IFX Brokers vs. Libertex.

Which offers better pricing – IFX Brokers or Libertex?

The EUR/USD minimum spread at IFX Brokers is 0.5 pips, and their commissions are reasonable. In addition, Libertex offers competitive spreads on many of the most popular currency pairs.

Libertex’s prices are reasonable for small retail traders with little or no prior experience in the market, and those instruments are particularly popular among novice traders at the outset of their trading experiences.

Gold, a widely traded commodity, has a tight spread as well. However, compared to the rest of the industry, the spreads on most larger indices are about average. In contrast, the spreads on Bluechip stocks, which are popular among more experienced traders, range from medium to high.

Which broker offers more security when trading Forex and CFDs?

Although relatively new to the industry, IFX Brokers has quickly established itself as South Africa’s go-to forex and CFD broker thanks to its honesty and openness. Because of this, IFX Brokers can offer its services to retail traders in South Africa thanks to its FSP license and FSCA regulation.

Which broker offers the superior trading platform?

Offering MetaTrader 4 and MetaTrader 5, IFX Broker’s mobile trading platform selection is about par compared to competing brokers. Android and iOS operating systems support the MT4 and MT5 trading platforms.

Mobile device trading platforms have fewer bells and whistles than their desktop counterparts, such as fewer timeframes and charting options. As far as broker platforms go, IFX Broker’s support is about par.

Further, compared to other brokers’ web-based platforms, MT4 and MT5 are typically more complicated to set up and have a steeper learning curve.

Multiple trading indicators and drawing tools are organized logically and consistently on the custom-built platform of Libertex. The intuitive layout of the platform enables quick and accurate order execution, while its many features provide traders with several perspectives on price activity.

Libertex’s platform is considered simpler to use than MT4 and MT5 because of its seamless design, although it lacks some of the capabilities found in its more popular competitors. Specifically, one-click, social, and automated trading.

On the other hand, the mobile app version of the Libertex platform is distinguished by its emphasis on current market news, making it an effective tool in this fast-paced and event-driven market environment.

With the availability of the widely used MT4 and MT5 platforms, traders have a greater degree of freedom of choice. Traders may utilize this mix of variety and usability to undertake in-depth technical studies.

Do these brokers both offer MetaTrader?

Yes, IFX Brokers and Libertex both offer MetaTrader 4 and 5.

How many Forex pairs can I expect from these brokers?

IFX brokers provide access to 70 currency pairs, while Libertex offers 50 pairs.

Is it safe to trade with IFX Brokers?

IFX Broker is trustworthy, although only the South African FSCA regulates it. Unlike other brokers, IFX Brokers is solely regulated by a single tier 2 regulator: the South African Financial Services Conduct Authority (FSCA).

Although the South African FSCA is not the most stringent regulator, it is taking measures to enhance its monitoring and better safeguard its citizens. For example, the FSCA requires IFX Brokers to separate customer funds from operational capital.

IFX Brokers are also required to submit periodic financial reports to the FSCA. Despite possessing merely a local license from the FSCA, IFX Brokers offers negative balance protection and takes client fund security carefully.

Is it safe to trade with Libertex?

The Libertex Group is committed to providing secure services to all traders. As a result, it functions under the authorization and control of several licenses responsible for monitoring and inspecting securities markets and the activities of all parties involved.

Indication Investments Ltd oversees Libertex’s activities. Furthermore, this Cyprus-based investment business is licensed and supervised by CySEC with CIF License number 164/12 and offers investment services to the European Economic Area and Switzerland.

The Cyprus Securities and Exchange Commission is a tier-one regulator in our system. Because Indication Investments Ltd. is authorized by a top-tier regulator (CySEC), traders may enjoy an exceptionally high degree of security.

Furthermore, client losses are limited to their account balances, their market exposure is restricted, and they are not exposed to the broker’s obligations.

Who is IFX Brokers?

IFX Brokers is a business name used by IFX Brokers Holdings (Pty) Ltd. IFX Brokers is a South African-based internet trading company. Commitment, openness, and trust are the company’s foundational principles.

The firm provides individual and institutional traders with the forefront MetaTrader 4 trading platform for online trading of various financial instruments, including forex, indices, commodities, energy metals, and futures.

IFX broker combines deal execution, pricing from several banks and liquidity providers, and 100% automated execution that eliminates broker interference.

There are five account types for customers of IFX Brokers, each with varying requirements to ensure that they meet the demands of their multinational and diverse consumer base.

IFX Brokers offers a variety of deposit and withdrawal options. However, although the site is honest about deposit costs and processing timeframes, it does not post information regarding withdrawals.

Like most brokers, IFX Brokers prohibits financing to or from third parties. Therefore, all withdrawal requests from a trading account must be processed to a source of money in the trader’s name.

IFX Brokers provides South African traders with a variety of deposit and withdrawal options, including OZOW, PayFast, MasterCard, Visa, PayFast, Skrill, Neteller, and cryptocurrencies.

Who is Libertex?

Libertex, a member of the Libertex Group with over 25 years of financial market expertise, is an online broker providing tradable CFDs with commodities, Forex, ETFs, cryptocurrencies, and other underlying assets.

Additionally, Libertex provides commission-free investing in actual equities. The location of Indication Investments Ltd. is Cyprus. Consequently, the whole business body is governed under license 164/12 issued by the Cyprus Securities and Exchange Commission.

Libertex also received the FX Report Award for Best Trading Platform in 2022, contributing to its popularity. In addition, the quick execution speeds of the Libertex platform (crucial for day traders) may assist users in acquiring a competitive edge.

Libertex has built a user-friendly interface, while many brokers depend on pre-existing systems (such as cTrader). Furthermore, the Libertex platform is extremely flexible and configurable to the trader’s objectives and needs.

Libertex’s costs are competitive, particularly on cryptocurrencies where swap- and commission-free trading conditions apply. The spreads that traders can expect will depend on the financial instrument they trade.

Retail traders concentrating primarily on currency pairings and certain commodities can also benefit from the low spreads on certain underlying instruments from several asset classes. On Libertex’s platform, price activity receives the most focus, as it should on all platforms.

Price activity can be scaled up and down, allowing a swift transition between studying long-standing patterns and current price developments. Thus, traders can easily distinguish between small and unpredictable price variations and large directed patterns.

Thus, the Libertex platform provides a comprehensive and insightful view of the multifaceted nature of price behaviour over several periods. In addition, the platform’s layout contributes to its overall usability; all accessible tools are grouped logically around the chart.

Libertex is a suitable broker for beginner and professional traders who want competitive pricing and powerful trading software to participate in global financial markets.