IFX Brokers vs VT Markets

IFX Brokers vs. VT Markets

We devoted several hours to a comprehensive analysis of the top Forex brokers for 2023. This article compares IFX Brokers and VT Markets.

Which offers better pricing – IFX Brokers or VT Markets?

IFX Brokers provides a highly competitive spread of 0.2 pips for the EUR/USD currency pair. VT Markets offers a spread of 0.4 pips, which is quite low in compared to other brokers.

IFX Brokers charge commission which apply on certain accounts. VT Markets only offer two account types, namely a Standard STP account and an ECN Raw Account. Commission of $6 per round lot is charged on the Raw account type.

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.

VT Markets is a brand name of different entities authorised and registered in the various jurisdictions it operates in. VT Global Pty Ltd is authorised and regulated by the Australian Securities & Investments Commission (ASIC). VT Markets LLC is registered under Saint Vincent and the Grenadines Financial Services Authority (SVGFSA).

VT Markets also operated in South Africa as VT Global South Africa (Pty) Ltd and is an authorised Financial Service Provider (FSP) registered and regulated by the Financial Sector Conduct Authority (FSCA).

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.

VT Markets also offers trading on both the MetaTrader4 and MetaTrader5 trading platforms in addition to a WebTrader. Both platforms are available on desktop as well as all mobile devices.

Do these brokers both offer MetaTrader?

Yes, both IFX Brokers and VT Markets offers trading on both MetaTrader platforms.

How many Forex pairs can I expect from these brokers?

IFX Brokers offers trading in about 60 forex pairs, where VT Markets offers trading in over 40 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 VT MARKETS?

VT Markets falls under the very strict regulatory body in Australia where it is headquartered, namely the Australian Securities and Investments Commission (ASIC). It is also incorporated under the laws of St. Vincent and the Grenadines, which regulates and supervises the international financial services sectors.

In addition, clients from South Africa can rest assured that VT Markets is regulated in South Africa through the Financial Sector Conduct Authority (FSCA) which is a financial institutions market conduct regulator and a successor agency to the Financial Services Board (South Africa). The institution is responsible to oversee the financial industry and ensure that clients are informed, protected and treated fairly.

With these strict regulations in place, VT Markets give the assurance that it segregates all client funds from business money.

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 VT Markets?

VT Markets is a global, well regulated, multi-asset broker that was founded in Sydney, Australia, in 2015. Today it offers expertise in the financial markets in over 160 countries. The broker offers trading through true ECN accounts with raw spreads, transparency and safety protocols, a powerful client portal, and a 24/7 award-winning customer service.

VT Markets is committed to delivering an exceptional trading environment to its clients, going above and beyond expectations held by global financial regulators.

VT Markets recognise that traders are eager to discover a platform with the highest level of dependability in order to trade with confidence. The broker has accumulated over 200,000 active trading accounts of clients from all over the world who depend on it for the safety and security of their assets on a daily basis. Client funds are secured by numerous regulators and an AA-rated custodian bank.

In Australia, VT Markets is regulated through ASIC which is Australia’s federal agency responsible for enforcing laws to protect consumers, investors and creditors. It has a sound financial supervision system and strict rules, being unanimously recognized by investors and regulatory counterparts in numerous countries as one of the most capable financial regulatory systems in the world.

In St. Vincent & the Grenadines, VT Markets is a Limited Liability Company (LLC) operating within the VT Markets’ company group and incorporated under the laws of St. Vincent and the Grenadines, which regulates and supervises the international financial services sectors.

The Financial Sector Conduct Authority of South Africa is the regulatory body in South Africa that oversees that operations of VT Markets. The institution is responsible to oversee the financial industry and ensure that clients are informed, protected and treated fairly.

Trading is offered in over 1000 instruments that include forex, indices, energy, precious metals, commodities, ETFs, share CFDs and bond CFDs. Trading can be done through two type if live accounts namely a Standard STP account and a RAW ECN account. Clients also have the option of a demo account as well as an Islamic Swap-free account for traders that follow the Muslim faith.

Platforms on offer is the globally known and preferred MetaTrader4 and MetaTrader5 as well as WebTrader. This is available on desktop and all mobile devices and one of the most trusted platforms in the world.

If you choose to open and trade on a VT Markets RAW ECN account, you will find some of the lowest spreads in the industry. Clients can trade on institutional grade liquidity, sourced directly from some of the world’s biggest banks with absolutely no mark-up applied by VT Markets. On the RAW account there are commission charges of $6 per lot.

VT Markets is also a leading provider of Multi Account Manager (MAM) and Percent Allocation Management Module (PAMM) solutions designed to meet individual traders’ unique requirements.

Furthermore, VT Markets is partnered with MetaFX to develop its advanced MAM/PAMM platform, which streamlines the administrative tasks associated with trading, allowing clients to concentrate on successful trade management.

VT Markets offers a fairly wide choice of payment methods to make deposits and withdrawals that include bank wire transfer, debit and credit cards, Neteller, Skrill, Union Pay, Alipay, FasaPay to mention but a few. All deposits and withdrawals take place through the client portal and there are no additional charges except for those that may be charged by your own financial institution.

VT Markets does not offer much in regards to educational tools. It has some information on how to trade in forex as well as a MT4 guide and a trading central tools guide. There is no webinars or eBooks. It also lacks on providing research tools besides an economic calendar and daily market analysis.

In conclusion, VT Markets meets financial market traders’ needs with reasonable prices, fast, dependable service, and competent assistance. VT Markets is a great broker for beginners and professionals.