IFX Brokers vs XGlobal Markets

A wide range of tradable financial instruments offered

Overall Comparison

FEATURE

IFX Brokers

XGlobal Markets

General comparison

4/5

4/5

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

3/5

Trust Score

93

90

Best in class

x

 

Regulation Comparison

FEATURE

IFX Brokers

XGlobal Markets

Trust score

93

90

Year Founded

2018

2008

Publically Traded

No

No

Licensed in South Africa

Yes

No

Assets Comparison

FEATURE

IFX Brokers

XGlobal Markets

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

60

40

US Stock Trading

No

No

International Stock Trading

No

No

Cryptocurrency CFDs

Yes

Yes

Fees Comparison

FEATURE

IFX Brokers

XGlobal Markets

Average Spread for EUR/USD

0.2 pips

0.2 pips

Commissions Charged

Yes

On the XG RAW account

ECN Execution

Yes

No

Market Maker Execution

No

Yes

Deposit Options Comparison

FEATURE

IFX Brokers

XGlobal Markets

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

XGlobal Markets

Desktop Platform

Yes

Yes

Mobile App

Yes

Yes

Social Trading

Yes

Yes

MetaTrader 4

Yes

No

MetaTrader 5

Yes

Yes

cTrader

No

No

DupliTrade

No

No

ZuluTrade

No

No

Proprietary Platform

No

No

Analytical Tools Comparison

FEATURE

IFX Brokers

XGlobal Markets

Economic Calendar

Yes

Yes

Social Sentiment

Yes

No

Trading Central

No

No

AutoChartist

No

No

Forex News Sources

Yes

No

Daily Market Commentary

Yes

No

Educational Resources Comparison

FEATURE

IFX Brokers

XGlobal Markets

Offers education

Yes

Yes

Webinars

Yes

No

Beginner training videos

Yes

No

Advanced training videos

Yes

No

Glossary

No

No

Majors Offered

FEATURE

IFX Brokers

XGlobal Markets

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. XGlobal Markets

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

 

Which offers better pricing – IFX Brokers or XGlobal Markets?

IFX Brokers provides a highly competitive spread of 0.2 pips for the EUR/USD currency pair. XGlobal Markets also offers its lowest spread at 2.0 pips on the RAW account type.

IFX Brokers charge commission which apply on certain accounts. XGlobal Markets charges commission on its XG RAW account.

 

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.

XGlobal Markets is a financial broker that was founded in 2008 and headquarters in Limassol, Cyprus. Cyprus Securities and Exchange Commission (CySEC) is the financial regulatory body that it is registered with. It also operates in other jurisdictions and has registered with the regulatory bodies there such as CONSOB, BaFin, and MIFID II.

 

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.

XGlobal Markets offers trading on MeteTrader5. The established trading platform, MT5 has proven to be very well liked by both traders and brokers over the years. Millions of people use the network now, and it has become cult-like in trading communities. Due to this, the broker has decided to give its customers access to this renowned platform.

 

Do these brokers both offer MetaTrader?

IFX Brokers offers trading on both MetaTrader4 and MetaTrader5 platforms, but with XGlobal Markets, only MT5 can be used.

 

How many Forex pairs can I expect from these brokers?

IFX Brokers offers trading in about 60 forex pairs, where XGlobal Markets only offers a choice between 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 XGlobal Markets?

Although XGlobal Markets is not regulated by the Financial Sector Conduct Authority (FSCA) in South Africa it is regulated in the other countries it operates in, which ensures that it is safe to trade with this broker.

XGlobal Markets is authorised and regulated in Cyprus by CySEC which is the financial regulatory body operating in Cyprus. As the broker is a European investment firm, and registered with CySEC, its legal infrastructure and operational policies are in line with MiFID II directives.

It also operates in Germany where the broker is registered with BaFin-Federal Financial Supervisory Authority of Germany that oversees the financial markets in Germany. In Italy, XGlobal is regulated by CONSOB that also give the broker EEA authorized status.

 

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 XGLOBAL MARKETS?

XGlobal Markets is a European forex and CFD trading broker that was founded in 2008 and headquarters in Limassol, Cyprus. It offers a wide variety of financial instruments to trade in such as forex, indices, energies, precious metals, commodities and shares.

For self-directed traders, XGLOBAL Markets offers OTC derivatives as well as a portfolio management solution. XGlobal Markets always cover net trading exposures with third party liquidity providers to make sure its objectives are in line with those of its clients.

XGlobal Markets has many regulatory bodies it is registered with depending on the jurisdiction it operates in. The main overseer is CySEC since the broker headquarters in Cyprus. It is also regulated by BaFin in Germany, CONSOB in Italy and its operations is also in line with MiFID II directives.

XGLOBAL Markets keeps customer funds in segregated accounts at secure banks to prevent their misuse. As a segregated account broker, XGLOBAL Markets protects customer investments against company-related force majeure.

XGlobal Markets offers trading on the renown MetaTrader5 which offers a low latency feed
and order execution without delay. On desktop, web or all mobile devices, you stay in control with
our full range of trading platforms.

Traders can choose between three live account types, XG RAW, XG Zero and XG Islamic. There are no charges on any of the account types and commission is only charged on the XG RAW account of $3.75 per side. Traders have a choice between tight and floating spreads, with an average spread of 0.2 pips available for the popular EUR/USD currency pair.

XGlobal Markets does not provide much in the sense of resources to assist traders in their daily trader. Neither does it offer much in educational assistance. There are no webinars, workshop, or research material. It does, however, offer a demo account.

Overall, XGlobal Markets is a reliable and cost-effective option for traders looking for a regulated broker to execute their trades.