IFX Brokers vs. Trading 212

Overall Comparison

FEATURE

IFX Brokers

TRADING 212

General comparison

4/5

3/5

Regulation

5/5

4/5

Spreads and fees

4/5

3/5

Trading Platforms

4/5

2/5

Trading Apps

4/5

3/5

Analytical Tools

4/5

3/5

Educational Resources

5/5

3/5

Trust Score

93

80

Best in class

x

 

Regulation Comparison

FEATURE

IFX Brokers

TRADING 212

Trust score

93

80

Year Founded

2018

2004

Publically Traded

No

No

Licensed in South Africa

Yes

No

Assets Comparison

FEATURE

IFX Brokers

TRADING 212

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

60

180

US Stock Trading

No

No

International Stock Trading

No

Yes

Cryptocurrency CFDs

Yes

Yes

Fees Comparison

FEATURE

IFX Brokers

TRADING 212

Average Spread for EUR/USD

0.2 pips

2.4 pips

Commissions Charged

Yes

No

ECN Execution

Yes

No

Market Maker Execution

No

Yes

Deposit Options Comparison

FEATURE

IFX Brokers

TRADING 212

Deposit fees

No

No

Bank wire

Yes

Yes

MasterCard

Yes

Yes

PayPal

No

Yes

Skrill

Yes

Yes

Minimum Deposit

$100

$10

Trading Platforms Comparison

FEATURE

IFX Brokers

TRADING 212

Desktop Platform

Yes

Yes

Mobile App

Yes

Yes

Social Trading

Yes

Yes

MetaTrader 4

Yes

Yes

MetaTrader 5

Yes

No

cTrader

No

No

DupliTrade

No

No

ZuluTrade

No

No

Proprietary Platform

No

Yes

Analytical Tools Comparison

FEATURE

IFX Brokers

TRADING 212

Economic Calendar

Yes

Yes

Social Sentiment

Yes

Yes

Trading Central

No

No

AutoChartist

No

No

Forex News Sources

Yes

No

Daily Market Commentary

Yes

Yes

Educational Resources Comparison

FEATURE

IFX Brokers

TRADING 212

Offers education

Yes

No

Webinars

Yes

No

Beginner training videos

Yes

Yes

Advanced training videos

Yes

No

Glossary

No

Yes

Majors Offered

FEATURE

IFX Brokers

TRADING 212

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. Trading 212

We spent many hours thoroughly examining the best-in-class Forex brokers for 2022. Here, we take a closer look at IFX Brokers vs. Trading 212.

 

Which offers better pricing – IFX Brokers or Trading 212?

While Trading 212 does not charge commission for trading, IFX Brokers still offers the superior pricing, despite charging commission on certain trades or instruments. IFX Brokers charges an average spread of 0.2 pips for the EUR/USD, while Trading 212 charges a very high spread of 2.4 pips for the same currency pair.

Overall, IFX Brokers offers the better pricing model.

 

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is a trustworthy and reputable Forex broker that is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is where the broker is regulated. The FSCA is the primary financial regulator in the country, so that traders with IFX Brokers are insured a high level of security and due recourse in the case of a dispute.

South African traders may feel at ease with Trading212. In addition to providing traders with negative balance protection, it also offers effective regulatory control and client money segregation.

 

Which broker offers the superior trading platform?

IFX Brokers provides the superior trading platform offering. IFX Brokers provides traders with access to the full MetaTrader suite from MetaQuotes, consisting of MetaTrader 4 and MetaTrader 5. These are the gold standard of trading platforms in the industry, with a wide range of trading tools, analytical features, EAs, and a user-friendly interface.

Trading 212 only provides access to its own proprietary trading platform, which does not have a comprehensive range of tools, and is best suited to beginner traders.

 

Do these brokers both offer MetaTrader?

No, only IFX Brokers offers MetaTrader, namely MT4 and MT5.

 

How many Forex pairs can I expect from these brokers?

IFX Brokers provides access to 60 currency pairs, while Trading 212 provides access to 180 currency pairs.

 

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 Trading 212?

Yes, Trading212 is a reliable and secure broker that South African traders can trust. There is strong regulatory oversight, client funds are kept separate, and traders are protected against negative balances.

Trading212 is regulated by the UK’s Financial Conduct Authority (FCA), the Financial Supervision Commission (FSC) Bulgaria, and the Cyprus Securities and Exchange Commission (CYSEC). Customers in South Africa will conduct business with the subsidiary in the United Kingdom due to the high quality of regulation there.

 

 

Who is IFX Brokers?

IFX Brokers is a South African internet trading firm. Commitment, openness, and trust are the basic fundamental values of the organization.

The company offers the cutting-edge MetaTrader 4 trading platform to private and institutional traders for online trading of a wide range of financial instruments, including forex, indices, commodities, energy metals, and futures.

IFX Brokers provides six distinct trading accounts. You may also set up a trial account.

Each of these accounts has access to over 60 currency pairs, gold and silver, oil and natural gas, and is powered by the broker’s comprehensive trading platform.

The IFX Islamic account is a swap-free, interest- and Riba-free account. The no-interest strategy works by removing the typical swap charges that would normally apply to overnight or weekend positions.

The minimum deposit requirements for these accounts can vary. A basic account, for example, requires a $100 deposit, whereas a RAW account requires a $250 deposit and an Islamic account requires a $100 deposit.

Meta Trader 4 and 5 for IFX provide enhanced charting capabilities as well as fully functional order management features.

These platforms also have a multilingual interface, extensive analysis, and various chart configurations. They are also customizable, allowing you to change the position and size of the tabs.

IFX provides one of the best MetaTrader upgrade packages, with 85 pre-installed indicators. This demonstrates IFX’s commitment to automated traders, a function that IFX’s own platform does not support.

IFX’s trading platform does offer copy trading despite the lack of a MAM/PAMM module on MT4. The platform is available as a desktop application for Windows and Mac computers, as well as a mobile application for smartphones running Android and iOS.

 

Who is Trading 212?

Traders who are interested in a wide variety of tradable assets and a straightforward account setup may enjoy using Trading212. Trading212 is a discount stock broker, but its CFD spreads are much wider than those of other brokers, so traders should keep that in mind.

Trading212 offers a broader selection of tradable financial instruments than competing brokers, with over 1800 available options. These instruments include more than 180 currency pairs, commodities, stocks, ETFs, and indices.

The only platform available for trading is Trading212, which has a user-friendly interface but lacks advanced features like algorithmic trading and faster execution compared to platforms like MT4 and MT5.

With a minimum deposit of $10 USD and spreads averaging 2.40 pips on the EUR/USD, Trading212’s offering is uncompetitive. There is only one live commission-free account available.

Overall, Trading212’s platform is an excellent option for novice traders thanks to its straightforward interface, but it lags behind third-party platforms like MT4 and MT5 in execution speeds and does not support automated trading via expert advisors or other trading algorithms.

Trading212 is a discount stock broker that also provides CFD trading on foreign exchange, commodities, exchange-traded funds (ETFs), and stocks. Please be aware that the scope of this evaluation is limited to the CFD trading account.

Scalping is not allowed on Trading212’s platform, nor is copy trading. However, it does support hedging.

Before making a real money deposit, traders can use the Trading212 platform and practice trading with a demo account. Since Trading212’s platform is distinct from that of competing CFD providers, it is recommended that new customers practice on the demo account prior to making a real money deposit.

With a Trading212 Demo Account, you can trade and invest with a maximum of $50,000 in virtual funds and enjoy free, unrestricted access to their extensive portfolio of instruments. The balance in the account can, however, be increased.

Customers of Trading212 can open a live trading account as well as a practice trading account with just one signup and use only Trading212’s own trading platform. With a $10 minimum deposit required for its Standard Account, Trading212 is a good option for novice traders due to its user-friendly interface.

However, compared to third-party platforms like MT4 and MT5, Trading212 is slow in comparison to execution speeds and does not support automated trading via expert advisors or other trading algorithms.

Although it offers a free, unlimited demo account, the lack of educational and market analysis information renders this platform unsuitable for novice traders.

In addition, the ticketing system is the only method of contacting customer service, and it takes an extremely long time for a representative to respond.