IFX Brokers vs NCM Investment

10 Best Forex Brokers in South Africa that accept Skrill

Overall Comparison

FEATURE

IFX Brokers

NCM Investment

General comparison

4/5

3/5

Regulation

5/5

4/5

Spreads and fees

4/5

3/5

Trading Platforms

4/5

4/5

Trading Apps

4/5

4/5

Analytical Tools

4/5

4/5

Educational Resources

5/5

4/5

Trust Score

93

90

Best in class

x

 

Regulation Comparison

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IFX Brokers

NCM Investment

Trust score

93

90

Year Founded

2018

2009

Publically Traded

No

No

Licensed in South Africa

Yes

No

Assets Comparison

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IFX Brokers

NCM Investment

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

60

Not indicated

US Stock Trading

No

No

International Stock Trading

No

No

Cryptocurrency CFDs

Yes

Yes

Fees Comparison

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IFX Brokers

NCM Investment

Average Spread for EUR/USD

0.2 pips

2.0 pips

Commissions Charged

Yes

Not indicated

ECN Execution

Yes

No

Market Maker Execution

No

Yes

Deposit Options Comparison

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IFX Brokers

NCM Investment

Deposit fees

No

Yes

Bank wire

Yes

Yes

MasterCard

Yes

Yes

PayPal

No

No

Skrill

Yes

No

Minimum Deposit

$100

$500

Trading Platforms Comparison

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IFX Brokers

NCM Investment

Desktop Platform

Yes

Yes

Mobile App

Yes

Yes

Social Trading

Yes

No

MetaTrader 4

Yes

Yes

MetaTrader 5

Yes

Yes

cTrader

No

No

DupliTrade

No

No

ZuluTrade

No

No

Proprietary Platform

No

No

Analytical Tools Comparison

FEATURE

IFX Brokers

NCM Investment

Economic Calendar

Yes

Yes

Social Sentiment

Yes

No

Trading Central

No

No

AutoChartist

No

No

Forex News Sources

Yes

Yes

Daily Market Commentary

Yes

Yes

Educational Resources Comparison

FEATURE

IFX Brokers

NCM Investment

Offers education

Yes

Yes

Webinars

Yes

Yes

Beginner training videos

Yes

Yes

Advanced training videos

Yes

Yes

Glossary

No

No

Majors Offered

FEATURE

IFX Brokers

NCM Investment

GBP/USD

Yes

Not clear

USD/JPY

Yes

Not clear

EUR/USD

Yes

Not clear

USD/CHF

Yes

Not clear

USD/CAD

Yes

Not clear

NZD/USD

Yes

Not clear

AUD/USD

Yes

Not clear

IFX Brokers vs. NCM Investment

We devoted several hours to a comprehensive analysis of the top Forex brokers for 2024. This article compares IFX Brokers and NCM Investment.

 

Which offers better pricing – IFX Brokers or NCM Investment?

IFX Brokers provides a highly competitive spread of 0.2 pips for the EUR/USD currency pair. NCM Investment offers a spread of 2.0 pips.

IFX Brokers charge commission which apply on certain accounts. NCM Investment does not seem to charge commission on any of its account types.

 

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.

NCM Investment is a financial broker that was founded in 2009 and headquarters in Kuwait. It operates mostly in the Middle East with subsidiaries across Turkey, Jordan and the UAE.

In Kuwait, it is fully regulated by Capital Markets Authority. In Turkey the regulatory body is Capital Markets Board of Turkey and in Jordan by the Jordan Securities Commission. In the UAE, NCM Investment is regulated under UAE Securities and Commodities Authority and in Malaysia it is authorized and regulated by the Financial Services Authority of Labuan.

 

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.

NCM Investment also offers trading on both MT4 and MT5. Both these platforms are preferred by beginner and novice traders alike.

 

Do these brokers both offer MetaTrader?

Yes, both IFX Brokers and NCM Investment offers trading on both MetaTrader4 and MetaTrader5 platforms.

 

How many Forex pairs can I expect from these brokers?

IFX Brokers offers trading in about 60 forex pairs, but it is not clear how many forex pairs can be expected with NCM Investment.

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 NCM Investment?

Although NCM Investment is not regulated by the Financial Sector Conduct Authority (FSCA) in South Africa it is regulated in the other countries it operates in, which ensures that it is safe to trade with this broker.

NCM Investment is authorised and regulated in Kuwait, Turkey, Jordan, the UAE and Malaysia by the regulatory bodies that keep a watchful eye on financial brokers in these jurisdictions.

 

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 NCM INVESTMENT?

NCM Investment is a financial broker that operates mostly in the Middle East. The company was formerly known as Noor Capital Markets or NoorCm and founded in 2009.

Since its inception, NCM Investment has acquired various licenses and complies with regulations from a number of regulatory authorities that includes the CMA in Kuwait, SCA in the UAD, CMB in Turkey, Labuan FSA in Malaysia and JSC in Jordan.

The protection of its clients’ money is a top priority for NCM Investment. By separating client funds from the company’s own accounts, the broker maintains the safety and security of client funds, ensuring that traders’ funds are kept separate and not used for business operations.

NCM Investment offers trading in numerous financial assets such as forex, gold and silver, oil and gas, agriculture and CFDs on shares and indices.

Traders have a choice between two life account types, a Variable Execution Account and a Plus Leverage Account. It also offers the option to open a demo account and an Islamic Swap-free account for its clients that follow the Muslim faith.

NCM Investment offers competitive pricing and does not appear to have any hidden fees. It does charge deposit and withdrawal fees but does not seem to charge commission. Deposits can be made through the KNET credit or debit card option in addition to visa and MasterCard.

Trading platforms on offer are the popular MT4 and MT5 which has gained wide recognition and are accessible through desktop, web and all mobile devices.

NCM Investment also offers a range of trading tools, including an economic calendar, advanced charting features and technical indicators. Automated trading is also available using EAs and Algorithmic trading.

In addition, NCM Investment offer many educational tools to assist beginner and novice traders. NoorCM Academy offers weekly and monthly webinars, provided by experts and field professionals. The webinars allow you to spark new ideas, load you with knowledge, ask your questions and receive answers, provide tips each month. It ensures that you are getting the most out of your training and fully understand the topic covered. Other sources are workshop, research and analysis material and E-books.

Overall, NCM Investment is a reputable broker that offers a trustworthy trading option for traders of all levels.