IFX Brokers vs TRADE.com

Overall Comparison

FEATURE

IFX Brokers

TRADE.com

General comparison

4/5

4/5

Regulation

5/5

4/5

Spreads and fees

4/5

4/5

Trading Platforms

4/5

4/5

Trading Apps

4/5

4/5

Analytical Tools

4/5

4/5

Educational Resources

5/5

2/5

Trust Score

93

87

Best in class

x

 

Regulation Comparison

FEATURE

IFX Brokers

TRADE.com

Trust score

93

87

Year Founded

2018

2009

Publically Traded

No

No

Licensed in South Africa

Yes

Yes

Assets Comparison

FEATURE

IFX Brokers

TRADE.com

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

60

55+

US Stock Trading

No

No

International Stock Trading

No

No

Cryptocurrency CFDs

Yes

Yes

Fees Comparison

FEATURE

IFX Brokers

TRADE.com

Average Spread for EUR/USD

0.2 pips

0.1 pips

Commissions Charged

Yes

No

ECN Execution

Yes

No

Market Maker Execution

No

No

Deposit Options Comparison

FEATURE

IFX Brokers

TRADE.com

Deposit fees

No

No

Bank wire

Yes

Yes

MasterCard

Yes

Yes

PayPal

No

No

Skrill

Yes

Yes

Minimum Deposit

$100

$100

Trading Platforms Comparison

FEATURE

IFX Brokers

TRADE.com

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

Yes

Analytical Tools Comparison

FEATURE

IFX Brokers

TRADE.com

Economic Calendar

Yes

Yes

Social Sentiment

Yes

No

Trading Central

No

Yes

AutoChartist

No

No

Forex News Sources

Yes

Yes

Daily Market Commentary

Yes

Yes

Educational Resources Comparison

FEATURE

IFX Brokers

TRADE.com

Offers education

Yes

No

Webinars

Yes

No

Beginner training videos

Yes

No

Advanced training videos

Yes

No

Glossary

No

No

Majors Offered

FEATURE

IFX Brokers

TRADE.com

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. TRADE.com

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

 

Which offers better pricing – IFX Brokers or TRADE.com?

IFX Brokers provides a highly competitive spread of 0.2 pips for the EUR/USD currency pair. With TRADE.com the spread on EUR/USD offered is 0.1 pips.

IFX Brokers charge commission which apply on certain accounts. TRADE.com does not charge any commission on any of its four live account types.

 

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is a South African broker that is fully 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.

TRADE.com is operated by Trade Capital Markets (TCM) Ltd, Trade Capital UK (TCUK) Ltd and Lead Capital Global Ltd. Trade Capital Markets (TCM) Ltd is authorized and regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC) and authorized in South Africa by the Financial Sector Conduct Authority (FSCA). Trade Capital UK (TCUK) Ltd is authorized and regulated in the United Kingdom by the Financial Conduct Authority (FCA) while Lead Capital Global Ltd is authorized and regulated in Mauritius by the Financial Services Commission of Mauritius (FSA).

 

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.

TRADE.com also offers trading on MetaTrader 4 and MetaTrader 5.

 

Do these brokers both offer MetaTrader?

Yes, IFX Brokers as well as TRADE.com offer trading on MetaTrader 4 and MetaTrader 5.

 

How many Forex pairs can I expect from these brokers?

IFX Brokers offers trading on over 60 currency pairs where TRADE.com offers trading in about 55+ 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 TRADE.com?

TRADE.com’s headquarters are located in Nicosia, Cyprus. The broker falls under the authorization and regulation in Cyprus by the Cyprus Securities and Exchange Commission (CySEC). The company is also authorized in South Africa by the Financial Sector Conduct Authority.

The security of customer funds is subject to a number of rules and regulations set forth by CySEC. All businesses governed by CySEC, including TRADE.com, are members of the Investor Compensation Fund, which protects clients in the event of a company’s insolvency.

The same applies to FSCA in South Africa that overseas TRADE.com. This ought to give traders a lot of reassurance.

 

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 TRADE.com?

TRADE.com was founded in 2013 and has since grown its presence in the online financial markets. The broker is operated and owned by Trade Capital Markets (TCM) Ltd and Live Markets Limited which is situated in the United Kingdom, with many active investors globally, across 125 markets.

The broker maintains a large array of available financial instruments, and TRADE.com makes it a point to have something suitable for each and every customer. The brokerage firm has devised a three-step procedure, which means that prospective investors can sign up at any moment, regardless of how much experience they have in trading. This is accomplished with the help of a number of different analysis tools and a safe platform that houses a wide variety of assets, such as Forex, Crypto, CFDs, Commodities, Bonds, Indices and the Futures markets.

TRADE.com operates via several global entities, with multi-jurisdictional regulation, including from the CySEC (Cyprus), FCA (UK), FSCA (South Africa), and FSC (Mauritius). Live markets Limited is authorized and regulated in the United Kingdom (FCA) by the Financial Conduct Authority.

A licence from the US Financial Industry Regulatory Authority has also been obtained by TRADE.com (FINRA). Hence, Trade Capital Markets North America LLC, the US subsidiary, will begin taking on US clients in 2023. The online brokerage also intends to grow in Italy and India.

TRADE.com provides customers with different technologically advanced platforms that are accessible through the web, mobile, and tablet, as well as by download.

WebTrader is the in-house web trading platform and is exclusive to TRADE.com consumers. With its intelligent analysis tools, this platform is quite user-friendly. It offers over 2,000 trade assets, including cryptocurrencies, commodities, global exchanges, and forex pairs. In addition, TRADE.com also offers trading on the globally known and preferred MetaTrader 4 and MetaTrader 5.

The TRADE.com WebTrader terminal can be used directly through all major internet browsers including Chrome and Safari. Downloads of MetaTrader 4 and MetaTrader 5 terminals are available for use on computers running Windows and Mac operating systems, and users can also access the terminals using web-based profiles.

Around 100,000 different assets are made available for trade on the various platforms provided by TRADE.com, which contributes to the company’s amazing range of trading solutions. This comprises more over 2100 CFDs, 100,000 assets that are available via DMAs, IPOs, ETFs, and other financial instruments, and more.

Clients are offered a choice between four live account types, namely a Silver Account, Gold Account, Platinum Account and an Exclusive Account. The minimum deposit requirement on the Silver Account is $100. Traders can apply for a demo account with MetaTrader4 on the desktop, the web-based platform, or from the desktop application.

One aspect lacking with TRADE.com is that it provides no comprehensive education centre which is very useful especially for beginner traders. The broker does however, offer several additional research tools or features to enhance the trading experience. It has a wealth of resources and free tools, ideal for both beginners and novice traders.

Refining plans and verifying market outlooks are also possible use for the services. These strong tools are also available to experienced investors, who may utilise them to gain extra market insights and to do extensive technical analysis.

Overall, TRADE.com can be summarised as a credible and trustworthy broker and is considered an average risk with competitive trading fees and spreads. This platform grants customers access to numerous products on award winning platforms.

TRADE.com is well regulated and a well-known broker on the market today, with its strengths lying in the far-reaching choice it offers to its users in all departments. It is recommended for the more experienced traders that want to trade in CFDs and Forex.