IFX Brokers vs MultiBank Exchange Group

IFX Brokers vs. Multibank Exchange Group

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

Which offers better pricing – IFX Brokers or Multibank Exchange Group?

IFX Brokers offers tight spreads of 0.2 pips for the EUR/USD currency pair, which are very competitive. Multibank Exchange Group on the other hand also offers tight spreads of 0.0 for the EUR/USD currency pair.

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.

Multibank Exchange Group is not regulated in South Africa, but it is heavily regulated across 5 continents by 11+ financial regulators such as ASIC, AUSTRAC, BAFIN, CIMA, ESCA, FSC, FMA, MAS, TFG and VFSC.

Which broker offers the superior trading platform?

MetaTrader 4 and MetaTrader 5, two of the top trading platforms available, are available through IFX Brokers. This means traders will have convenient access to numerous resources, a broad selection of trading tools, and lightning-fast trade execution.

Do these brokers both offer MetaTrader?

Yes, IFX Brokers as well as MultiBank Exchange Group offers access to both the MT4 and MT5 trading platforms.

How many Forex pairs can I expect from these brokers?

IFX brokers provides access to 60 currency pairs, while MultiBank Exchange Group offers 55+ currency pairs.

Is it safe to trade with IFX Brokers?

Yes, IFX Brokers is a regulated Forex broker with a South African basis that possesses a complete FSCA licence. The numerous financial institutions in the nation are under the direction of the Financial Sector Conduct Authority (FSCA).

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

Is it safe to trade with Blackstone Futures?

Yes, it is safe to trade with MultiBank Exchange Group, although it is not regulated in South Africa by the FSCA.

However, the company is regulated worldwide by the Australian Securities and Investments Commission (ASIC), Germany’s Federal Financial Supervisory Authority (BaFin), Financial Market Authority Austria (FMA), Spain’s National Securities Market Commission (CNMV), the Dubai Financial Services Authority (DFSA) and the Cayman Islands Monetary Authority (CIMA), Hong Kong Customs and Excise (HKCE), Australian Transaction Reports and Analysis Centre (AUSTRAC), Tianjin Financial Government (TFG), and Vanuatu Financial Services Commission (VFSC).

Who is IFX Brokers?

IFX Brokers, a South African Forex broker, is well-regulated and has a large client base. Customers of IFX brokers can access the world’s most popular and profitable trading platforms, MetaTrader 4 and MetaTrader 5.

These systems have improved charting features, cutting-edge order management programmes, and a bilingual user interface that allows charts to be laid out in a variety of ways.

MetaTrader 4 or 5 can easily be utilised on iOS and Android devices without the need for additional software.

Customers of IFX Brokers have access to a wide range of trading products. Currency, indices, contracts for difference (CFDs), spot metals, energy, commodities, and virtual currencies are examples of financial goods.

IFX clients can also trade in 60 currency pairings, precious metals (gold, silver, platinum, and palladium), natural gas, and oil.

The smallest transaction value is 0.01 lot, however a regular account requires a $100 deposit in US currency. The account basis currencies are the South African Rand, US Dollars, and Euros, in that order.

Instead of an actual account, you can use a demo account to practice with.

Customers of IFX brokers can simply fund and withdraw funds from their accounts by utilising Pay Quick, Visa, or MasterCard credit cards, among other alternatives.

The nicest part about it is that there are no fees for deposits or withdrawals. For South African customers, the withdrawal process can be completed in as little as two to five hours.

Customers outside of the country, on the other hand, must wait four to five business days to complete the withdrawal process.

Who is Multibank Exchange Group?

MultiBank Exchange Group is part of the MultiBank Group which was established in 2005. Since its inception it has successfully stamped its authority in the world of trading. It has a valid impact in the foreign exchange industry with providing exemplary products, services, and trading platforms.

MultiBank Group is known as one of the largest exclusively financial derivatives suppliers worldwide. Its paid-up capital is over 322 million dollars, making it one of the largest companies in this industry.

The company has more than 80,000 customers and executes millions of trades each year. It currently has a total transaction volume of 1.87 trillion dollars and is still growing, and it has become a sponsor for businesses such as BMW. It is obvious that the broker has a significant amount of experience in the field, in addition to a great reputation.

Investors are protected thanks to the Group’s close supervision by a wide variety of financial authorities located all over the world and operating within a variety of legal systems.

Financial authorities that supervise the group are worldwide across various jurisdictions, what ensures investor protection. These include entities such as ASIC, BAFIN, CIMA, ESCA, FSC, MAS, FMA, TFG, HKCE, AUSTRAC, and VFS.

MultiBank Exchange Group offers trading in over 20,000+ CFD products across six asset classes that include forex, commodities, metals, cryptocurrencies and indices.

MultiBank Exchange Group offers ideal trading conditions that include tight spreads. The average spreads on the ECN Pro account are 0.0. On the Standard account spreads start from 1.5 pips and on the Pro Account from 0.8 pips.

MultiBank Exchange Group offers a variety of direct, secure, and simple payment options for both deposits and withdrawals. There are some regulatory restrictions depending on the specific jurisdiction the trader trades from.

There are no commission charges for deposits or withdrawals but the different payment providers (according to international rules) may add some charges. Most deposits reflect instantly in your account and withdrawals are guaranteed within 24 hours.

MultiBank is an award-winning broker, having received accolades such as Best FX Service Provider 2020 – International Business Magazine; Best FX Customer Service 2020 – Forex Awards; Best Apac Region Broker 2020 – International Financial Awards; Best MT4 Execution Broker (The Forex Expo Dubai), Best FX Trading Platform (MENA 2020), Best Financial Derivatives Provider in Asia and Europe (Global Brands Magazine, 2020; Best Forex & CFD Broker 2019 – Jordan Forex & Expo Awards; Financial Services Provider of the Year Asia 2019 – Global Brands Magazine; Best Forex Trading Platform Hong Kong 2018 – International Finance Magazine; and more.

Although MultiBank Exchange Group lacks as far as research and educational tools are concerned, it does offer some of the market’s best free Virtual Private Servers (VPS) online to all its customers, through reliable third-party hosting vendors.

Customers are able to run their online trading terminals non-stop 24 hours a day, seven days a week thanks to the virtual private server (VPS), and they may experience the most stable and reliable trading circumstances while trading remotely from any place.