IFX Brokers vs OneRoyal

IFX Brokers vs. OneRoyal

We devoted several hours to a comprehensive analysis of the top Forex brokers for 2023. This article compares IFX Brokers and OneRoyal.

Which offers better pricing – IFX Brokers or OneRoyal?

IFX Brokers provides a highly competitive spread of 0.2 pips for the EUR/USD currency pair. OneRoyal also offers a spread of 0.2 pips, which is highly competitive compared to other brokers.

IFX Brokers charge commission which apply on certain accounts. OneRoyal offers a choice between four live account types and charges commission on the ECN and ECN Elite accounts of $7 per round lot and $3.50 respectively.

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.

OneRoyal is the trading name of various entities that are part of the Royal Group Holdings. Royal Financial Trading PTY Ltd is licensed and regulated in Australia, by the Australian Securities & Investments Commission (ASIC). Royal CM Ltd is regulated by Vanuatu Financial Services Commission (VFSC). Royal ETP LLC is registered in Saint Vincent and the Grenadines and regulated by the Financial Services Authority (FSA). Royal Financial Trading (Cy) Ltd is authorized by Cyprus Securities and Exchange Commission (CySEC).

Although OneRoyal accepts traders from South Africa, the broker is not regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. Despite this the broker has good regulation in place and will be safe to trade with.

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.

OneRoyal offers trading on the MetaTrader4 platform that is available for traders. In addition, it offers MetaFX and MultiTerminal for money managers.

Do these brokers both offer MetaTrader?

IFX Brokers offers both MetaTrader4 and MetaTrader5 to trade with, while OneRoyal only offers trading on the MetaTrader4 platform.

How many Forex pairs can I expect from these brokers?

IFX Brokers offers trading in about 60 forex pairs, where OneRoyal offers trading in over 180 forex pairs.

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 OneRoyal?

OneRoyal falls under the very strict regulations of a number of regulatory bodies, depending on the jurisdiction that they operate in.

It is regulated through ASIC, CySEC, VFSC, and FSA. Since its inception, OneRoyal has established partnerships with well-established, domestic and international banks. It gives that assurance that client funds are held in a segregated client trust account that cannot be used for any of OneRoyal’s operational purposes. In addition, OneRoyal only accepts client’s funds that adhere to strict anti-money laundering conditions, which means it protect its clients from regulatory transgressions.

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 OneRoyal?

OneRoyal was established in 2006 with the vision of becoming a global broker. This was achieved through dedication, traders’ trust and the continuous improvement in the quality of its trading conditions. Two years later, OneRoyal launched their office in the Middle East and acquired a license by the Central Bank of Lebanon.

In 2014 the doors were opened in Australia, followed by Cyprus in 2016, and Vanuatu and Saint Vincent and the Grenadines in 2020.

It thus holds multiple licenses and regulations in Australia (ASIC), Cyprus (CySEC), Vanuatu (VFSC), and Saint Vincent and the Grenadines (FSA). It has representative offices in various countries such as Limassol, Sydney, Beirut, Cairo, Lagos, and Florida.

Traders have the option to trade in forex, metals, oil, indices, crypto, shares and ETFs. This can be done through the opening of two main live account types, where you have a choice between a spread-based or commission-based account. The ECN Account offers raw spreads with a ticket fee commission per trade, whereas the Zero Account offers wider spreads but no ticket fee commission per trade.

Through these account types OneRoyal offers competitive pricing on trading instruments, and there are no hidden fees. There are no charges for opening, closing, or inactivity of accounts. It also offers a demo account as well as an Islamic Account for traders that follow the Muslim faith.

Deposits and withdrawals can be done through a range of payment methods that include debit and credit cards, bank wire transfer, Neteller, Skrill, FasaPay, Poli, China Union Pay, and Nganluong.

All trading is done on the MetaTrader4 platform which is used by millions of traders worldwide since 2005. MT4 is the most popular retail trading platform, chosen by experienced and novice traders alike for its intuitive user interface and powerful trading capabilities.

It is available on all devices through MT4 Mobile, MT4 Web, MT4 PC, MT4 Mac and MT4 Accelerator. Money managers also have the option to utilize the MetaFX and MultiTerminal platforms. Copy trading is available through HokoCloud and Myfxbook.

Beginner and more advanced traders will find assistance by utilizing the educational tools offered by OneRoyal. The broker offers various educational videos that covers a wide variety of topics. Traders also have the option to learn everything there is to know about the financial markets with Trading Central. In addition, the broker’s webinars are presented by industry experts and also cover a wide range of topics.

Research tools also assists traders in their financial trading. The latest news, insights, and market analysis can be found by logging into OneRoyal blog. Forex calculators are also to trader’s disposal, such as a currency converter, margin calculator, pip calculator and a profit calculator.

In conclusion, OneRoyal is a trustworthy broker with a wide selection of trading products, minimal spreads, and robust fund protection. The MetaTrader4 platform and numerous licencing allow international trading. The platform supports a variety of trading methods and trader experience with enhanced charting, algorithmic and automated trading, and social trading.

Traders can also benefit from OneRoyal’s educational and technical resources. However, as trading conditions vary between entities, analysis can help you understand your entity’s trading conditions.