IFX Brokers vs TD Ameritrade

IFX Brokers vs. TD Ameritrade

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

Which offers better pricing – IFX Brokers or TD Ameritrade?

IFX Brokers charges spread from 0.5 pips EUR/USD, while TD Ameritrade does not apply spreads on financial instruments. Instead, TD Ameritrade charges commissions as follows:

 Equities – The fee for trading over-the-counter (OTC) equities that are not traded on a major U.S. exchange is $6.95. 

 A $25 charge is added to broker-assisted deals, and the phone system costs an additional $5.

 Trading options over the phone will cost you $5 plus $0.65, while broker assistance will set you back $25 plus $0.65.

 The charge for trading futures and futures on options is $2.25.

Which broker offers more security when trading Forex and CFDs?

Since IFX Brokers operates out of South Africa, the Tier-2 Financial Sector Conduct Authority (FSCA) regulates this ECN and STP broker. So, you can be certain that IFX Brokers follows all the necessary protocols to protect your money.

TD Ameritrade is a safe broker regulated by SEC, FINRA, CFTC, and SFC. Furthermore, the Securities Investor Protection Corporation (SIPC) was established to safeguard investors.

In case of a broker’s bankruptcy, the Securities Investor Protection Corporation (SIPC) safeguards investors’ capital and assets. However, cash investments are restricted to $250,000 and are not covered by SIPC, which has a $500,000 ceiling on protection.

TD Ameritrade also has a second insurance policy that covers losses up to a combined total of $500 million and $152 million ($2 million cash limit) per customer.

The investor protection scheme does not apply to all customers, and some investment products, such as futures, are expressly excluded. Additionally, no protections are in place to stop account balances from dropping to zero.

Which broker offers the superior trading platform?

IFX Brokers offers both MetaTrader 4 and MetaTrader 5 to traders. Furthermore, MT4 and MT5 can be used on mobile, desktop, and web browsers, offering perfect account integration across devices.

No matter which version you like to use, TD Ameritrade’s attention to the client experience has produced a flawless and simple-to-navigate interface.

Each edition provides a wide range of adjustable features that enable customers to tailor the trading platform to their requirements and tastes.

The online edition of TD Ameritrade has a document tool that enables customers to customize and adjust the dashboard completely.

Traders have access to 13 modules, including watchlists, account balances, RSS feeds, market news, and other comparable data. In addition, modules can easily be reconfigured as needed.

The mobile app makes it simple to swiftly manage your holdings by displaying investor positions and balances on a single screen. Investor-specific market news is also supplied, providing traders with even more context and the flexibility to adjust their holdings, as necessary.

The simplicity with which you can browse for important information on almost any asset will appeal to active investors. For example, investors can easily see earnings data, analyst rankings, dividend distributions, charts, price history, and more by entering the ticker symbol.

Do these brokers both offer MetaTrader?

Only IFX Brokers offers MetaTrader 4 and MetaTrader 5. In contrast, TD Ameritrade supports its proprietary trading platforms.

How many Forex pairs can I expect from these brokers?

IFX brokers provides access to 70 currency pairs, while TD Ameritrade offers 69 pairs.

Is it safe to trade with IFX Brokers?

In terms of regulation and the protection of customer funds, IFX Brokers is a reliable choice. All customer money, however, must be stored in separate accounts with reputable institutions, according to IFX Brokers.

The broker account must be maintained distinct from this money. As a result, they cannot be used for business activities or to pay debts.

Additionally, IFX Brokers is required to regularly submit financial reports to the FSCA as part of its FSCA licensing to demonstrate that it can satisfy its financial commitments.

Is it safe to trade with TD Ameritrade?

Although TD Ameritrade is primarily recognized as an online broker, it has a long history in the brokerage industry dating back to the 1970s.

TD Ameritrade is strictly controlled in terms of security. It has a lengthy history. The broker’s website conveniently makes available financial information and is listed on a significant stock market. Users have routinely given it good ratings on review websites.

Clients can employ biometric fingerprint scanning, face recognition, and two-factor authentication across all their platforms. In addition, through extra coverage offered by London insurers, TD Ameritrade offers each customer protection for securities and $2 million in protection for cash.

Customers will get a refund from TD Ameritrade if they lose money or shares of securities from an account because of improper conduct. Furthermore, TD Ameritrade has not disclosed any big data breaches in the last four years.

Who is IFX Brokers?

A well-known South African brokerage, IFX Brokers, began operations in 2018. Therefore, traders have access to a large variety of forex pairings, MetaTrader 4 and 5, and many ZAR account kinds.

IFX Brokers is the only South African FSP you need to consider if you seek reliability. This is because the Financial Sector Conduct Authority (FSCA) of South Africa is trying to become a more rigorous regulator.

More exposure to several financial markets, including 70 forex pairs, than other brokers provide is what traders could anticipate. When opening an account, traders have a variety of base currencies from which to choose.

Additionally, South Africans can choose ZAR to avoid paying currency conversion costs when making deposits or withdrawals.

South Africans can choose from various trustworthy deposit and withdrawal alternatives, and there are no fees. Additionally, while creating an account, traders can use MetaTrader 4 or MetaTrader 5.

Who is TD Ameritrade?

Since its inception, TD Ameritrade has grown to become one of the most recognized brokerage houses in the nation, enticing customers with a comprehensive suite of services that allows traders of all skill levels to follow their chosen investing plan.

Even novice investors can easily get their feet wet with no account minimums and simple pricing. In addition, the depth and range of analysis in the educational materials are likewise exceptional.

TD Ameritrade’s thinkorswim platform is popular among advanced traders because of its wealth of resources, including top-notch research instruments, screening features, and financial calculators.

Some of TD Ameritrade’s tools include virtual currency trading, in-depth earnings research, graphing of FRED data, back-testing, charting social data, and recreating past markets. These are just some of the trading instruments available.

Furthermore, predictive thinkers will get the most out of the income analysis tool TD Ameritrade offers.

TD Ameritrade is a one-stop shop for all your financial needs, from stock trading to retirement planning. All account types are supported. In addition, TD Ameritrade has one of the broadest portfolios of mutual funds and commission-free ETFs of any bargain broker in the industry.

Many brokers cater to active investors and traders. At the same time, TD Ameritrade does a decent job equally combining the interests of stock pickers and hands-off fund investors.

Overall, TD Ameritrade has shown to be a responsive platform that is devoted to improving when clients identify an issue. In addition, more than five decades have passed since the platform’s inception. Thus, it has stood the test of time.

TD Ameritrade is one of the highest-rated brokers in the nation, according to review sites, and has several benefits, including inexpensive costs and a worldwide presence in forex and CFD trading.