IFX Brokers vs Vantage Markets

IFX Brokers vs. Vantage Markets

We spent many hours thoroughly examining the best-in-class Forex brokers for 2023. Here, we take a closer look at IFX Brokers vs. Vantage Markets.

Which offers better pricing – IFX Brokers or Vantage Markets?

To gain access to premium features and reduced trading costs, IFX Brokers accounts require progressively higher minimum deposits.

Spreads on the EUR/USD begin at 1.3 pips on the commission-free Standard Account, while the Raw Account requires a minimum deposit of $1,000 in exchange for a spread of 0.5 pips and a commission of $6.

Three different types of live accounts are available on Vantage Markets, each with a different minimum deposit corresponding to increasingly competitive spreads and other perks. Each of the three types of accounts can be accessed via the MetaTrader 4 or MetaTrader 5 platforms.

The spreads on the Standard Account are already adjusted to cover the cost of trading, while those on the Raw and Pro accounts are quoted separately and are charged a commission per lot.

As a result, raw and Pro accounts have lower trading fees than the Standard Accounts and competitive brokers.

The Standard Account’s spreads start from 1 pip with no commission fees, a typical trading cost of 10 USD. On the other hand, the Raw ECN account’s spreads are from 0.0 pips with a 6 USD round turn commission, resulting in average trading costs of 6 USD.

Lastly, the Pro ECN Account’s spreads are from 0.0 pips with a 3 USD round turn commission, which ensures the lowest trading costs that traders can expect.

Which broker offers more security when trading Forex and CFDs?

IFX Brokers, an ECN and STP broker based in South Africa, is regulated by the Financial Sector Conduct Authority (FSCA), a Tier-2 regulatory body.

This ensures that the company adheres to all necessary protocols to safeguard client funds and maintain the integrity of financial markets. As a result, traders can have confidence in the security of their funds when trading with IFX Brokers.

Vantage Markets was established in 2009, with its headquarters in Sydney, Australia. It is a licensed and regulated foreign exchange broker by the ASIC, FCA< CIMA, and VFSC.

Furthermore, in the UK, every deposit is covered by the Financial Services Compensation Scheme or the Investor Compensation Fund.

The Vanuatu Financial Services Commission has granted Vantage Global Limited, a wholly-owned subsidiary, permission to conduct business with traders in South Africa (VFSC).

Vantage Markets provides negative balance protection to all customers as a gesture of good faith and places all client funds in segregated accounts at AA-rated Australian banks.

However, local investor protection schemes do not cover South Africans because the FSCA does not regulate Vantage Markets.

Which broker offers the superior trading platform?

IFX Brokers allows its traders to use both MetaTrader 4 and MetaTrader 5 platforms. Additionally, the flexibility to access these platforms on mobile, desktop, and web browsers offers seamless integration and consistency across devices for traders.

When comparing Vantage to other MetaTrader-only brokers, it is clear that the breadth of its add-on offerings and its willingness to integrate with third-party platforms and tools like TradingView set it apart.

Vantage is a MetaTrader broker that provides its clients with access to the full suite of MetaTrader trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Vantage gives you access to the CHARTS platform from TradingView, which is fully integrated with your MetaTrader account and the standard charts on MT4 and MT5.

Vantage provides the SmartTrader Tools by FX Blue LLP, an add-on suite for the MetaTrader trading platform. Additionally, Vantage’s impressive MetaTrader offering is rounded out by forex news headlines streaming directly from FxWire Pro and FXStreet.

Vantage provides its customers with not one but three different social copy trading platforms, including MetaTrader’s Signals market. The auto-trading platform trio includes ZuluTrade, DupliTrade, and MyFXBook AutoTrade.

Do these brokers both offer MetaTrader?

Yes, IFX Brokers and Vantage Markets offer MetaTrader 4 and 5.

How many Forex pairs can I expect from these brokers?

IFX brokers provide access to 70 currency pairs, while Vantage Markets offers 44 forex pairs.

Is it safe to trade with IFX Brokers?

IFX Brokers is a trustworthy option regarding regulation and safeguarding of client funds. The company adheres to keeping customer money in separate accounts with reputable institutions, ensuring that it is not used for business operations or to pay off debts.

Additionally, as part of its FSCA licensing, IFX Brokers must regularly submit financial reports to the Financial Sector Conduct Authority (FSCA) to demonstrate its ability to fulfil its financial obligations.

Is it safe to trade with Vantage Markets?

Vantage fully adheres to the stringent financial regulations established by the jurisdictions in which it is regulated. In addition, the company is dedicated to providing transparent and fair access to global Forex markets.

To ensure the protection of client funds, they are held in a segregated account with an AA-rated Australian bank, one of the largest financial institutions in Australia with a market capitalization of $93 billion and over 12 million customers, and consistently ranks among the top 20 safest banks in the world.

Additionally, Vantage has Professional Indemnity Insurance in place to cover the actions of its representatives, employees, and authorized representatives.

Who is IFX Brokers?

IFX Brokers, a reputable South African brokerage established in 2018, offers traders a wide range of options, including a variety of forex pairings, access to both MetaTrader 4 and 5, and multiple ZAR account types.

As the Financial Sector Conduct Authority (FSCA) of South Africa is becoming stricter in its regulations, IFX Brokers is the most reliable choice for traders in the region. Traders can expect more exposure to various financial markets, including 70 forex pairs than other brokers offer.

Additionally, when opening an account, traders can choose from multiple base currencies, including ZAR, to avoid currency conversion costs when making deposits or withdrawals.

IFX Brokers also provides traders with a variety of trustworthy deposit and withdrawal options at no additional cost and the flexibility to use either MetaTrader 4 or MetaTrader 5 while creating an account.

Who is Vantage Markets?

Vantage Markets will appeal to traders who place a premium on low trading costs and make trading decisions using indicators. However, Vantage Markets’ financial instruments are limited compared to other brokers.

Vantage Markets, an STP/ECN broker, provides three accounts with minimum deposits tied to tighter spreads and reduced trading costs.

The commission-free Standard Account requires a minimum deposit of $50, while EUR/USD spreads begin at 1 pip. Raw ECN and Pro Accounts offer spreads of 0 pips and reasonable commissions but require minimum deposits of 500 USD and 20,000 USD, respectively.

Traders who want to capitalize on developing market opportunities should use Vantage to monitor the markets in real-time and make swift trading decisions. Because of the broker’s stellar assistance with trading, this has been possible.

In addition, the platform is suggested for investors who are comfortable with risking large sums of money. In addition to the aforementioned advantages, Vantage also offers a variety of technical charting options for its users, streamlining the process of refining investment decisions.

Vantage Markets offers CFDs on Forex, indices, energies, metals, shares, and cryptocurrencies, but the number of assets per class is limited, which may disappoint more experienced traders.

Vantage Markets offers a wide variety of trading platforms, including MT4, MT5, and the Vantage Markets mobile application, in addition to three social trading platforms.