IFX Brokers vs Orbex

IFX Brokers vs. CMC Markets

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

Which offers better pricing – IFX Brokers or Orbex?

When comparing IFX Brokers and IC Markets, you will find that they both provide favourable trading conditions. For example, the fee per lot traded on the IFX Brokers VIP Account is USD 6, and the spread on instruments such as the popular EUR/USD begins at 0.5 pips.

Furthermore, IFX Brokers has variable spreads, which means that spreads will change according to the financial instrument being traded, the trading account being used, and the market conditions on the day of trading.

Therefore, traders must always use stop-loss and take profit orders. With a retail account, traders pay the spread since there are no commission costs. Across its five trading accounts, IFX Brokers’ overall trading charges vary from $10 to $16.

Orbex charges zero-pip spreads on its Premium and Ultimate account, with commission fees between 5 and 8 USD to compensate the broker for facilitating the trade. Spreads on the Starter account are much higher as this account is commission-free.

Therefore, traders can expect spreads from 1.5 pips on this entry-level account. In addition, all three account types from Orbex benefit from NDD execution, which means that all pricing is aggregated from top liquidity providers.

Which broker offers more security when trading Forex and CFDs?

IFX Brokers guarantees the security of client funds by separating all client and operating funds. Client funds are held with top-tier South African banks and cannot be used for any purpose other than trading activities.

Therefore, IFX Brokers prohibits using these funds to fulfil its financial obligations. In addition, IFX Brokers offers account protection to retail traders by safeguarding them against negative balances.

IFX Brokers is well-regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, a stringent market regulator that oversees forex trading and licenses all FSPs, both banking and non-banking entities.

Orbex is a trusted broker that holds licenses and regulations with the Financial Services Commission in Mauritius and the Financial Services Authority in Seychelles.

These are both Tier-3 market regulators with low trust. However, Orbex has been in operation for twelve years and has a good reputation in the forex and CFD industry.

Which broker offers the superior trading platform?

IFX Brokers offers the powerful and popular MetaTrader 4 and 5 on mobile, desktop, and web browsers. Through this, retail traders can access a range of indicators, timeframes, customizable charts, and several other unique and innovative tools and features.

Orbex only offers MetaTrader 4 on desktop, mobile, and web browsers. Often known as social trading, copy trading is possible on Orbex’s MT4 platform. It is a terrific choice for new traders who want to imitate the methods used by seasoned pros.

There is also the option of using automated trading. Because of this, we think the platform is great for novice and experienced traders. In addition, the broker also supports more complex trading techniques like scalping and hedging.

Much of the functionality of the desktop version of the MT4 platform is carried over to the mobile version. As a result, traders can maintain their positions and make timely course corrections from any device.

There are currently 30 distinct trading indicators on Orbex’s desktop MT4 platform. In addition, indicators and oscillators are available, as are those based on trends and volumes.

In addition, there are 24 different drawing tools on the chart, including trend lines, channels, wedges, and Fibonacci retracements. This helps investors see recurring trends and locate key support and resistance points.

Do these brokers both offer MetaTrader?

IFX Brokers provides traders access to MetaTrader 4 and MetaTrader 5, while Orbex only supports MetaTrader 4.

How many Forex pairs can I expect from these brokers?

IFX brokers provides access to 70 currency pairs, while Orbex offers 44 forex pairs spread across major, minor, and exotic pairs.

Is it safe to trade with IFX Brokers?

It is safe to trade with IFX Brokers. IFX Brokers is the best choice if you want a Forex broker in South Africa that is fully licensed by the Financial Sector Conduct Authority (FSCA), a tier-2 regulator with a good name not only in the derivatives markets but in the overall financial industry.

The Financial Sector Conduct Authority keeps an eye on all South Africa’s banks and other financial institutions that are not banks. For brokers like IFX Markets to become Financial Service Providers (FSP), they must follow strict rules and submit frequent financial reports.

Furthermore, the Financial Sector Conduct Authority (FSCA) was first known as the Financial Services Broad (FSB), protecting investors by promoting honest financial transactions, giving important industry data, and strengthening and preserving financial markets.

Is it safe to trade with Orbex?

It is safe to trade with Orbex. Orbex Limited’s parent business, Orbex Group Limited, is the holding company for Orbex Global Limited. In addition, Orbex Group Limited owns the domain name Orbex.com.

The “FSC” of Mauritius oversees authorizing and overseeing businesses like Orbex Global Limited. According to the industry’s regulatory classification scheme, the FSC is a Tier 3 regulator with low trust.

Orbex Limited is a Seychelles company with registration number 8429881-1 and a Securities Dealer’s License (SD110) issued by the Financial Services Authority (FSA) of Seychelles.

Furthermore, separate accounts for client money are maintained by both Orbex companies, and Orbex Limited is a participant in the Investor Compensation Fund (ICF). Therefore, users of the entity might face a maximum of 20,000 Euro compensation liability under the ICF.

Who is IFX Brokers?

Since 2018, IFX Brokers has been a leading provider of forex and CFD trading solutions from South Africa. For such a new broker, IFX Brokers has already established a solid reputation among investors.

IFX Brokers is a financial services provider (FSP) authorized by the Financial Sector Conduct Authority (FSCA) to provide retail and institutional clients in South Africa access to derivatives trading.

There are five distinct trading accounts available with IFX Brokers, each tailored to the specific requirements and goals of a different skill set.

Spreads on popular instruments like the EUR/USD start at 0.5 pips, and traders may anticipate other favourable circumstances across all accounts. This is since the most leverage that traders may employ on forex majors is 1:500. Therefore, the typical cost of a trade is between $10 and $16.

IFX Brokers supports various trading styles, such as hedging, scalping, and automated trading robots. In addition, 70 different currency pairings are available for trading, in addition to a handful of non-forex assets.

Financial market traders have their pick of MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and they have access to several safe deposit and withdrawal methods.

Who is Orbex?

Orbex Global is a derivatives broker that has been around for over a decade, having opened for business in 2011. Orbex offers many account kinds to both amateur and experienced traders.

In addition, it offers a wide variety of tradable instruments and a comprehensive library of useful academic resources. Furthermore, Orbex Global Ltd is a Mauritius-based company with branch offices in Kuwait and Jordan.

Subsequently, Orbex’s trading fees are lower than normal, but its non-trading expenses are higher. Inquisitive market breakdowns and a wealth of teaching resources make Orbex a potentially useful resource for novice traders.

On the other hand, professional traders might like its low to medium spreads, over 300 instruments from various asset classes, and lightning-fast order execution. Regarding its technical, fundamental, and market breakdown assessments, Orbex is transparent and straightforward.

Traders can see the profiles of the analysts who analyze markets for Orbex by visiting a part of the website devoted to them. This is critical for the credibility of the research information on Orbex.