IFX Brokers vs. Trade Nation

IFX Brokers vs. Trade Nation

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

Which offers better pricing – IFX Brokers or Trade Nation?

Both IFX Brokers and Trade Nation offer extremely competitive pricing. IFX Brokers has a spread that averages at 0.2 pips for the EUR/USD currency pair, while Trade Nation has an average spread of 0.6 pips for the same currency pair, and no commissions charged.

Which broker offers more security when trading Forex and CFDs?

Both IFX Brokers and Trade Nation are regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, the primary regulator of the financial markets in South Africa.

As such, traders are provided with deposit security as well as a transparent trading environment. Furthermore, Trade Nation is a globally operational broker that is also regulated in the UK by the FCA, and in Australia by ASIC.

Which broker offers the superior trading platform?

IFX Brokers provides access to the full MetaTrader suite from MetaQuotes, comprising MetaTrader 4 and MetaTrader 5. This is a comprehensive software offering that consists of the most popular trading platforms in the industry.

Trade Nation offers only MT4, as well as a proprietary trading platform which has received positive feedback from users to date.

Do these brokers both offer MetaTrader?

Yes, however IFX Brokers offers both MT4 and MT5, while Trade Nation only offers MT4.

How many Forex pairs can I expect from these brokers?

IFX Brokers offers traders a wide variety of 60 currency pairs, while Trade Nation offers decidedly fewer options with only 30 currency pairs available

Is it safe to trade with IFX Brokers?

Yes, IFX Brokers is a regulated Forex broker based in South Africa which is fully licensed by the FSCA. As such, the Financial Sector Conduct Authority (FSCA) is in charge of regulating the country’s various financial institutions.

The Financial Sector Conduct Authority’s (FSCA) mission is to improve and maintain the efficiency and integrity of financial markets, as well as to safeguard investors by fostering equitable treatment and delivering education on a variety of topics pertaining to finance.

Is it safe to trade with Trade Nation?

Yes, Trade Nation is a highly regulated global Forex broker. As such, South African traders are protected by the FSCA when trading with Trade Nation, the primary financial regulator in the country.

Trade Nation is also very well-regulated elsewhere. The broker is licensed in the UK by the Financial Conduct Authority (FCA), one of the most reputable watchdogs in the industry, and by the Australian Securities and Investment Commission (ASIC).

Who is IFX Brokers?

When you think of online Forex trading, you probably think of IFX Brokers, a South African company. The company’s basic values are commitment, openness, and trust.

For online trading of currency pairings, indices, commodities, energy metals, and futures, among other financial instruments, the company provides private and institutional traders with the cutting-edge MetaTrader 4 and 5 trading platforms.

There are six unique types of trading accounts offered by IFX Brokers. In addition, you get access to a trial account.

Each of these accounts is supported by the broker’s comprehensive trading platform, which grants access to more than sixty currency pairs, gold and silver, oil and natural gas.

The IFX Islamic Account is swap-free, riba-free, and interest-free. Due to the absence of interest, you will not incur any exchange fees for holding a position over the weekend.

It is possible for the necessary minimum deposit to differ between account types. Minimum deposits vary by account type, with $100 required for basic accounts, $250 for RAW accounts, and $100 for Islamic accounts.

Meta Trader 4 and 5 for IFX offer enhanced charting options and powerful order management facilities.

Additionally, these systems offer a multitude of chart styles, in-depth analysis, and a multilingual user interface. Additionally, the placement and size of tabs can be modified according to your tastes.

IFX provides one of the greatest MetaTrader expansion packs, which includes 85 pre-installed indicators. This highlights IFX’s commitment to automated traders, a feature that is absent from the IFX platform at now.

Even if the MAM/PAMM module is absent from IFX’s MT4 trading platform, duplicate trading is still feasible. The platform is compatible with both a desktop program for PCs and a mobile app for iPhones and Androids.

Who is Trade Nation?

Trade Nation is a global forex, indices, commodities, and equities broker that takes pride in its honesty and openness.

The online broker was known as Core Spreads from 2014 to 2019. The FCA in the UK, the ASIC in Australia, the FSCA in South Africa, and the SCB in the Bahamas regulate the corporation, which has subsequently grown globally under the name Trade Nation. The brokerage firm maintains offices in each of these key nations.

The company’s mission is to simplify access to the financial markets by removing complex jargon and offering client help throughout the trading process. Additionally, the organization offers alternative data and market intelligence to assist clients in making informed trading decisions.

The custom-built platform is user-friendly and delivers versatile charting capabilities via a beautiful user interface.

There are a variety of interactive graph types, such as histograms and candle charts, as well as the option to adjust timescales from one minute to one month. With a reasonable array of drawing tools, it is very straightforward to superimpose data on graphs. The optional deal button in the chart display expedites the execution of positions.

Trade Nation welcomes first-time users by providing a number of how-to videos on their platform.

The firm also offers the renowned MT4 forex trading software. On the broker’s website is a video demonstrating how consumers can link their Trade Nation account to the MT4 terminal.

MetaTrader 4 is appreciated by investors due to its assortment of interactive and configurable charts and its capacity to run trading robots. It has 38 built-in indicators, 2,000 free custom indicators, and 24 analytical objects for detecting patterns.

Trade Nation is open about its investing options, providing a market information sheet with information on each instrument, accompanying spreads, and trading hours. This contains 33 forex pairs, 23 prominent indices (cash and futures), eight differential indices, nine commodities (energy and metals), three bond options, and six stocks.

There are no options to invest in cryptocurrencies such as Bitcoin.

The MQL 4 programming language allows users to build automated trading algorithms, which can be downloaded from the MT4 codebase. In addition, the MetaTrader marketplace provides live trading indications.

Trade Nation offers fixed spreads beginning at 0 pips for its clients. Before 10 PM, the EUR/GBP and EUR/USD spreads are both 0.6 pips. The market data sheet contains spread information for all periods of the day.

Importantly, the company’s trading fees are disclosed. In addition to spreads, overnight interest is the only additional fee charged to open positions.

The quantity depends on the market and the investment’s intended direction. If specific information is needed, clients can contact customer support.

Smart News, which is accessible on Trade Nation’s trading platform and mobile application, is an excellent feature.

Smart News seeks to keep investors ahead of the market by offering ‘alternative news’ from independent sources, as opposed to traditional data supplied by firms themselves.

By cross-referencing social media with certain financial events, such as central bank meetings, Trade Nation is able to present investors with specific threads pertinent to their trading interests that may reveal new market insights.