IFX Brokers vs. Pepperstone

Overall Comparison

FEATURE

IFX Brokers

PEPPERSTONE

General comparison

4/5

4/5

Regulation

5/5

4/5

Spreads and fees

4/5

4/5

Trading Platforms

4/5

5/5

Trading Apps

4/5

4/5

Analytical Tools

4/5

4/5

Educational Resources

5/5

5/5

Trust Score

93

90

Best in class

x

 

Regulation Comparison

FEATURE

IFX Brokers

PEPPERSTONE

Trust score

93

90

Year Founded

2018

2010

Publically Traded

No

No

Licensed in South Africa

Yes

No

Assets Comparison

FEATURE

IFX Brokers

PEPPERSTONE

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

60

60+

US Stock Trading

No

Yes

International Stock Trading

No

Yes

Cryptocurrency CFDs

Yes

Yes

Fees Comparison

FEATURE

IFX Brokers

PEPPERSTONE

Average Spread for EUR/USD

0.2 pips

0.9 pips

Commissions Charged

Yes

Yes

ECN Execution

Yes

No

Market Maker Execution

No

Yes

Deposit Options Comparison

FEATURE

IFX Brokers

PEPPERSTONE

Deposit fees

No

No

Bank wire

Yes

Yes

MasterCard

Yes

Yes

PayPal

No

Yes

Skrill

Yes

Yes

Minimum Deposit

$100

$0

Trading Platforms Comparison

FEATURE

IFX Brokers

PEPPERSTONE

Desktop Platform

Yes

Yes

Mobile App

Yes

Yes

Social Trading

Yes

Yes

MetaTrader 4

Yes

Yes

MetaTrader 5

Yes

Yes

cTrader

No

Yes

DupliTrade

No

Yes

ZuluTrade

No

No

Proprietary Platform

No

No

Analytical Tools Comparison

FEATURE

IFX Brokers

PEPPERSTONE

Economic Calendar

Yes

Yes

Social Sentiment

Yes

Yes

Trading Central

No

No

AutoChartist

No

Yes

Forex News Sources

Yes

Yes

Daily Market Commentary

Yes

Yes

Educational Resources Comparison

FEATURE

IFX Brokers

PEPPERSTONE

Offers education

Yes

Yes

Webinars

Yes

Yes

Beginner training videos

Yes

Yes

Advanced training videos

Yes

No

Glossary

No

Yes

Majors Offered

FEATURE

IFX Brokers

PEPPERSTONE

GBP/USD

Yes

Yes

USD/JPY

Yes

Yes

EUR/USD

Yes

Yes

USD/CHF

Yes

Yes

USD/CAD

Yes

Yes

NZD/USD

Yes

Yes

AUD/USD

Yes

Yes

IFX Brokers vs. Pepperstone

We spent many hours thoroughly examining the best-in-class Forex brokers for 2024. Here, we take a closer look at IFX Brokers vs. Pepperstone.

 

Which offers better pricing – IFX Brokers or Pepperstone?

IFX Brokers and Pepperstone both charge very competitive spreads. IFX Brokers has an average spread of 0.2 pips for the EUR/USD currency pair, while Pepperstone has an average spread of 0.9 pips for the same currency pair.

Both brokers charge commissions which are very competitive and vary depending on the instrument being traded.

 

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.

Traders from South Africa can feel at ease with Pepperstone as their broker. Pepperstone has a history of responsible conduct and robust international regulation, however it is not controlled by the South African FSCA.

Pepperstone’s Kenyan subsidiary is responsible for onboarding customers from South Africa; it is supervised by the CMA (CMA).

 

Which broker offers the superior trading platform?

Both IFX Brokers and Pepperstone provide access to both MetaTrader 4 and MetaTrader 5, which are by far the most popular trading platforms in the industry. Copy trading is available from both brokers, while Pepperstone also provides access to the cTrader platform.

 

Do these brokers both offer MetaTrader?

Yes, both IFX Brokers and Pepperstone provide access to the full MetaTrader suite from MetaQuotes.

 

How many Forex pairs can I expect from these brokers?

IFX brokers provides access to 60 currency pairs, while Pepperstone provides slightly more than 60 currency pairs. Both brokers provide the same selection of major currency pairs.

 

Is it safe to trade with IFX Brokers?

Yes, IFX Brokers is a South African-based regulated Forex broker that is fully licensed by the FSCA. The Financial Sector Conduct Authority (FSCA) is in charge of overseeing the numerous financial institutions in the country.

The purpose of the Financial Sector Conduct Authority (FSCA) is to develop and maintain the efficiency and integrity of financial markets, as well as to protect investors by supporting equitable treatment and providing education on a number of finance-related topics.

 

Is it safe to trade with Pepperstone?

Yes, 6raders from South Africa can feel sage with Pepperstone as their broker. Pepperstone has an established reputation of responsible conduct and robust international regulation, however it is not controlled by the South African FSCA.

Pepperstone’s Kenyan subsidiary is responsible for onboarding customers from South Africa; it is supervised by the CMA (CMA).

 

Who is IFX Brokers?

The South African-based forex trading firm IFX Brokers gets its name from “IFX Brokers Holding Limited.” The regional FSCA has jurisdiction over the business.

The laws and limitations that are put in place have a significant impact on the stability of any broker firm. These rules and laws were established to safeguard the company against financial loss of any type and to reduce the possibility of fraud.

Customers of IFX brokers have access to the MetaTrader 4 and MetaTrader 5 platform, which are among the most popular and successful currency trading platforms in the world.

These platforms include improved charting functionality, cutting-edge order management programs, and a bilingual user interface that enables various chart layouts.

Additionally, you won’t need to bother about installing any extra software in order to use MetaTrader 4 or 5 on your iOS and Android devices in addition to your PC.

Customers of IFX Brokers have the option to trade on a range of various trading instruments. These financial products include, among others, currencies, indices, contracts for difference (CFDs), spot metals, energy, commodities, and virtual currencies.

Additionally, 60 different currency pairings, precious metals (gold, silver, platinum, and palladium), natural gas, and oil are all accessible to clients of IFX brokers.

The smallest possible deal size is 0.01 lot, but a standard account requires a minimum deposit of $100 in US dollars. The account basis currencies are, in order, South African Rand, Dollars, and Euros.

The broke also gives you the choice of using a practice account.

Customers of IFX brokers can easily fund their accounts with deposits and withdrawals by using a number of options, such as Pay Quick, Visa, and MasterCard credit cards.

The nicest part of the whole transaction is without a doubt the fact that there are no costs associated with deposits or withdrawals. For South African consumers, the withdrawal procedure can be finished in as little as two to five hours.

Contrarily, the withdrawal procedure for consumers outside of the South takes four to five working days to complete.

 

Who is Pepperstone?

Pepperstone, which was founded in Australia in 2010, has now gained acclaim around the world for its competitive trading fees and wide selection of trading software. Pepperstone’s Standard Account features some of the industry’s tightest spreads, with an average of 0.77 pips (EUR/USD).

The Razor Account is ideal for traditional ECN traders due to its low commission rates and average spread of 0.17 pips on the EUR/USD currency pair. The minimum opening balance for either account is $0.

Pepperstone has a variety of trading platforms for advanced traders, such as MT4, MT5, and cTrader, all of which are fully compatible with the popular trading analysis and visualization platform TradingView.

You can access all of these from your computer or mobile device. Even if Pepperstone’s education area isn’t the most comprehensive we’ve seen, it’s still a decent place to start for novice traders thanks to its professionalism and organization.

Pepperstone has earned a stellar reputation for its fair treatment of customers and holds licenses from numerous authoritative regulatory bodies across the globe. Traders’ losses are limited to their initial deposit, as the system offers negative balance protection to all users.

Pepperstone’s selection of instruments is comparable to that of competing brokers, albeit their Forex pair selection is more extensive.

Since South Africans can now open accounts with Pepperstone’s CMA-regulated Kenyan subsidiary, the broker’s leverage on its key Forex pairs has raised to 400:1 from 30:1 under ASIC regulation, however cryptocurrency trading remains unavailable.

There is no cost to use any of the available platforms, and you can use any of them by downloading them to your desktop computer or laptop. MetaTrader products are worth considering for traders who value a large number of available EAs above a modern user interface.

 cTrader is favoured by new traders because it has fewer prerequisites, a sleeker user interface, and access to more complex order types than its competitors. Furthermore, Pepperstone’s cTrader is fully compatible with TradingView, a powerful charting platform.

Three of Pepperstone’s trading platforms include access to Autochartist, one of many free trading tools offered by the broker. These platforms are widely regarded as some of the best in the business.

When compared to other NDD brokers, Pepperstone stands out due to its high-speed trade execution and low-cost trading environment for novices.

Pepperstone has acquired a stellar reputation by providing its customers with cutting-edge trading tools, such as access to all three major third-party trading platforms and significantly lower spreads than those offered by most other brokers.

Traders in South Africa searching for a low-cost and trustworthy NDD broker with comprehensive educational resources, thorough market analysis, and a solid suite of trading tools can consider Pepperstone.