IFX Brokers vs Markets.com

IFX Brokers vs. Markets.com

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

Which offers better pricing – IFX Brokers or Markets.com?

IFX Brokers offers a very tight spread which averages at 0.2 pips for the EUR/USD currency pair. Markets.com has a significantly higher spread of 1.9 pips for the same currency pair.

While IFX Brokers charges commission, Markets.com does not – although their pricing is worked into the spread, as can be seen from the above.

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is a fully licensed and regulated Forex broker that is based in South Africa. As such, IFX Brokers is overseen by the Financial Sector Conduct Authority (FSCA) of South Africa, which is the primary regulator of the financial markets in the country.

South African customers of Markets.com will trade through its BVI FSC-regulated subsidiary, a significantly weaker regulator than the Australian Securities and Investments Commission (ASIC) or the Financial Conduct Authority (FCA), which regulate the broker internationally

Which broker offers the superior trading platform?

Both IFX Brokers and Markets.com provide access to MetaTrader 4 and MetaTrader 5, which are the most renowned trading platforms in the industry with a wealth of trading tools, indicators and advanced features. Markets.com also provides access to a proprietary trading platform.

Do these brokers both offer MetaTrader?

Yes, both IFX Brokers and Markets.com provide access to MT4 and MT5.

How many Forex pairs can I expect from these brokers?

IFX brokers provides access to 60 currency pairs, while Markets.com provides access to slightly fewer at 57 currency pairs.

Is it safe to trade with IFX Brokers?

Yes, IFX Brokers is a regulated forex broker that operates out of South Africa and holds a full licence from the Financial Sector Conduct Authority (FSCA). The Financial Sector Conduct Authority is in charge of directing the nation’s myriad financial institutions, which are located all over the country.

The Financial Sector Conduct Authority (FSCA) was established with the goal of protecting investors by promoting fair treatment and educating people on various financial matters, as well as the goal of promoting and maintaining the efficiency and integrity of financial markets.

These goals were established with the intention of educating people on various financial matters.

Is it safe to trade with Markets.com?

While Markets.com is well-regulated internationally, South African customers of Markets.com will trade through its BVI FSC-regulated subsidiary, a significantly weaker regulator than the Australian Securities and Investments Commission (ASIC) or the Financial Conduct Authority (FCA).

Who is IFX Brokers?

IFX Brokers is a South African foreign exchange broker that is highly regulated and serves a large number of customers. Customers of IFX brokers have access to trading platforms like as MetaTrader 4 and MetaTrader 5, which are among the most widely used and widely successful available anywhere in the globe.

These platforms have superior charting features, cutting-edge order management programmes, and a user interface that is available in both English and Spanish and allows charts to be laid out in a variety of different ways.

Both MetaTrader 4 and 5 can now be utilised on mobile devices running iOS and Android, without the need to install any additional software.

Customers of IFX Brokers have access to a diverse range of financial instruments on which they can trade. Currency, indices, contracts for difference (CFDs), spot metals, energy, commodities, and virtual currencies are some examples of these financial instruments.

Trading in precious metals (gold, silver, platinum, and palladium), natural gas, and oil is also available to clients of IFX brokers, in addition to trading in sixty various currency pairings.

The smallest transaction amount available is 0.01 lot, but the minimum deposit required for a basic account is one hundred dollars in US currency. The account base currencies are, from highest to lowest value, the South African Rand, the US Dollar, and the Euro.

You also have the option of using something called a “practise account” rather than an actual one.

Customers of IFX brokers have a variety of alternatives available to them, including the simple use of credit cards such as Pay Quick, Visa, or MasterCard, to instantly deposit and withdraw funds from their accounts.