IFX Brokers vs VPFX

Overall Comparison

FEATURE

IFX Brokers

VPFX

General comparison

4/5

3/5

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

3/5

Educational Resources

5/5

2/5

Trust Score

93

80

Best in class

x

 

Regulation Comparison

FEATURE

IFX Brokers

VPFX

Trust score

93

80

Year Founded

2018

2020

Publically Traded

No

No

Licensed in South Africa

Yes

No

Assets Comparison

FEATURE

IFX Brokers

VPFX

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

60

30+

US Stock Trading

No

No

International Stock Trading

No

No

Cryptocurrency CFDs

Yes

Yes

Fees Comparison

FEATURE

IFX Brokers

VPFX

Average Spread for EUR/USD

0.2 pips

0.0 pips

Commissions Charged

Yes

No

ECN Execution

Yes

No

Market Maker Execution

No

Yes

Deposit Options Comparison

FEATURE

IFX Brokers

VPFX

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

VPFX

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

No

Analytical Tools Comparison

FEATURE

IFX Brokers

VPFX

Economic Calendar

Yes

Yes

Social Sentiment

Yes

No

Trading Central

No

No

AutoChartist

No

No

Forex News Sources

Yes

Yes

Daily Market Commentary

Yes

Yes

Educational Resources Comparison

FEATURE

IFX Brokers

VPFX

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

VPFX

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. VPFX

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

 

Which offers better pricing – IFX Brokers or VPFX?

IFX Brokers provides a highly competitive spread of 0.2 pips for the EUR/USD currency pair. VPFX offers a spread of 0.0 pips, which are highly competitive.

IFX Brokers charge commission which apply on certain accounts. VPFX does not charge commission on any of its three account types.

 

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is a South African broker that is full 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.

VPFX is a broker that was founded in 2020 and headquarters in Labuan, Malaysia. In Malaysia, the broker falls under the strict regulations of the Labuan Financial Services Authority (LFCA). In addition, it is regulated in St. Vincent and Grenadines by the Financial Services Authority (FSA), in Dubai (UAE) by Dubai Economic Department (DED) and in Melbourne, Australia by the Australian Securities Investment Commission (ASIC).

 

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.

VPFX also offers trading on both MT4 and MT5. Both these platforms are preferred by beginner and novice traders alike. The platforms are available on all mobile devices as well as the web and desktop devices.

 

Do these brokers both offer MetaTrader?

Yes, both IFX Brokers and VPFX offers trading on both MetaTrader4 and MetaTrader5 platforms.

 

How many Forex pairs can I expect from these brokers?

IFX Brokers offers trading in about 60 forex pairs, where VPFX offers trading in 30+ 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 VPFX?

Although VPFX is not regulated by the Financial Sector Conduct Authority (FSCA) in South Africa it is regulated in most of the other countries it operates in, which ensures the safety to trade with this broker.

VPFX is authorised and regulated by LFCA in Malaysia, FSA in St. Vincent and Grenadines, DED in Dubai (UAE) and ASIC in Australia. Through these regulatory bodies, VPFX offers a safe trading environment for traders to trade in.

 

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 VPFX?

Venture Prime FX, better known as VPFX, is a financial broker that was founded in 2020 in Malaysia. It has since then opened a number of offices all over the globe. The broker is regulated by and registered with multiple regulatory authorities around the world.

The regulatory bodies are the Labuan Financial Services Authority (LFCA)in Malaysia, the Financial Services Authority (FSA) in St Vincent and Grenadines, Dubai Economic Department (DED) in Dubai, UAE and the Australian Securities Investment Commission (ASIC) in Australia. All client funds are held in separate accounts with top-tier rated banks.

VPFX offers trading in financial assets such as forex, metal, cryptocurrencies, shares, indices and CFDs and traders can trade in these assets on either the MetaTrader4 or MetaTrader5 platforms. These platforms are available on desktop, the web, and all iOS and Android devices. This allows traders to trade from your desktop or mobile on-the-go.

Traders have the option between three live account types, namely a Standard, VIP or Elite account. The minimum deposit is $100, $10 000 and $25 000 respectively. VPFX charges no deposit fees or commission and there are a variety of payment methods to use such as bank wire transfer, visa and MasterCard, skrill, neteller and fasapay.

VPFX provides tight and floating spreads, with an average spread of 0.0 pips for the highly-traded EUR/USD currency pair in the Forex market.

Traders also have the benefit of using MAM / PAMM where managers use one master account top open and close orders for multiple client accounts at the same time.

Although VPFX has only been operating since 2020, the broker has already received a number of awards, such as the Fastest Growing Broker (Forex Brokers Awards, 2020), Most Trusted FX Broker (Forex Expo Dubai, 2021 and 2022), and Best Customer Support (Forex Expo Dubai, 2022).

To assist traders, the broker does offer an economic calendar and daily live prices. The only drawback is the lack of educational tools, although it does offer the option of opening a demo account which is most useful not only for beginner traders but also for the more novice trader.

Overall, VPFX offers a secure and competitive trading environment along with favourable fees and spreads across a wide range of trading instruments. It is a suitable trading broker for individuals at different skill levels, whether they are beginners or more experienced traders.