IFX Brokers vs XTB

Overall Comparison

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IFX Brokers

XTB

General comparison

4/5

4/5

Regulation

5/5

4/5

Spreads and fees

4/5

4/5

Trading Platforms

4/5

3/5

Trading Apps

4/5

3/5

Analytical Tools

4/5

4/5

Educational Resources

5/5

4/5

Trust Score

93

85

Best in class

x

 

Regulation Comparison

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IFX Brokers

XTB

Trust score

93

85

Year Founded

2018

2006

Publically Traded

No

Yes

Licensed in South Africa

Yes

Yes

Assets Comparison

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IFX Brokers

XTB

Forex

Yes

Yes

CFDs

Yes

Yes

Number of Forex pairs

60

49

US Stock Trading

No

Yes

International Stock Trading

No

Yes

Cryptocurrency CFDs

Yes

Yes

Fees Comparison

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IFX Brokers

XTB

Average Spread for EUR/USD

0.2 pips

0.9

Commissions Charged

Yes

Yes

ECN Execution

Yes

Yes

Market Maker Execution

No

Yes

Deposit Options Comparison

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IFX Brokers

XTB

Deposit fees

No

No

Bank wire

Yes

Yes

MasterCard

Yes

Yes

PayPal

No

Yes

Skrill

Yes

Yes

Minimum Deposit

$100

$0

Trading Platforms Comparison

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IFX Brokers

XTB

Desktop Platform

Yes

Yes

Mobile App

Yes

Yes

Social Trading

Yes

Yes

MetaTrader 4

Yes

No

MetaTrader 5

Yes

No

cTrader

No

No

DupliTrade

No

No

ZuluTrade

No

No

Proprietary Platform

No

Yes

Analytical Tools Comparison

FEATURE

IFX Brokers

XTB

Economic Calendar

Yes

Yes

Social Sentiment

Yes

Yes

Trading Central

No

No

AutoChartist

No

No

Forex News Sources

Yes

Yes

Daily Market Commentary

Yes

Yes

Educational Resources Comparison

FEATURE

IFX Brokers

XTB

Offers education

Yes

Yes

Webinars

Yes

Yes

Beginner training videos

Yes

Yes

Advanced training videos

Yes

Yes

Glossary

No

No

Majors Offered

FEATURE

IFX Brokers

XTB

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. XTB

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

 

Which offers better pricing – IFX Brokers or XTB?

IFX Brokers and XTB both offer tight, competitive spreads. IFX Brokers provides spreads of 0.2 pips on the EUR/USD currency pair, while XTB offers a similar spread of 0.9 pips for the same currency pairs.

 

Which broker offers more security when trading Forex and CFDs?

IFX Brokers is a regulated and authorised foreign exchange broker situated in South Africa. Because of this, IFX Brokers is governed by the Financial Sector Conduct Authority (FSCA), the country’s major financial markets regulator.

The XTB Group is an international conglomerate with numerous affiliates subject to the jurisdiction of various national regulatory bodies. Its South African clients will be accepted through a Belize subsidiary supervised by the Financial Services Commission of Belize.

Although the IFSC’s regulation is laxer than that of UK and European regulators, XTB does hold licences from a number of prestigious bodies, including the FCA of the UK.

 

Which broker offers the superior trading platform?

IFX Brokers provides access to the industry-leading trading platforms MetaTrader 4 and MetaTrader 5, which are both highly regarded by traders. This means that traders will have instantaneous access to numerous trading markets and a comprehensive set of instruments with which to conduct their business.

When compared to other online brokers, XTB’s support for trading platforms (namely, xStation5) is lacking. Traders also need to be informed that using trading robots is not an option.

 

Do these brokers both offer MetaTrader?

No, only IFX Brokers offers MetaTrader 4 and MetaTrader 5. XTB only offers access to its own proprietary trading platforms.

 

How many Forex pairs can I expect from these brokers?

IFX brokers provides access to 70 currency pairs, while XTB offers access to fewer than that with 49 currency pairs available.

 

Is it safe to trade with IFX Brokers?

If you’re looking for a South African Forex broker who is also authorised by the Financial Sector Conduct Authority, go no further than IFX Brokers (FSCA). The Financial Sector Conduct Authority regulates all of the thousands of financial institutions in this country.

The FSCA was established to protect investors by promotion of fair deals in the financial sector, dissemination of pertinent industry data, and efforts to enhance and secure the financial markets.

 

Is it safe to trade with XTB?

Yes, XTB has a high level of credibility thanks to its regulation by some of the world’s most prestigious regulators and its listing on the Warsaw stock exchange. XTB keeps its customers’ funds separate from its operating funds, although it does not guarantee against having a negative balance.

 

Who is IFX Brokers?

A major South African broker, IFX Brokers has only been in business since 2018. Traders can choose from a variety of ZAR account types, use MetaTrader 4 and 5, and access a wide range of currency pairs.

IFX offers five different live accounts, each with a different minimum deposit requirement to accommodate traders of varying experience levels. For EUR/USD spreads of 1 pip or more, the minimum deposit is $10 and the maximum is $1,000.

The 70 available currency pairings offered by IFX Brokers cover a wider range of major, minor, and exotic alternatives than those offered by most of its rivals.

There is a minimum deposit necessary to start an account with IFX Brokers, and if you hit that mark, your trading expenses and benefits will improve.

When trading EUR/USD, the minimum spread for a Standard Account is 1.3 pips and there is no commission charged, while the minimum spread for a Raw Account is 0.5 pips and there is a $6 USD opening fee.

IFX Brokers gives you a number of options for making deposits and withdrawals. IFX Brokers abides by industry standards by not conducting business with or accepting funds from anyone who is not a client. A trader’s funds can only be withdrawn to an account at a financial institution bearing the trader’s name.

Good news for South African traders: IFX Brokers now supports a wider range of currencies, including the South African Rand, the Euro, the US Dollar, and the British Pound.

When dealing with assets denominated in various currencies, such the Euro and the US Dollar, a single trader must pay more due to the inability to open several accounts

 

Who is XTB?

XTB is a well-regulated broker that offers a large variety of tradable products, first-rate instructional resources, and insightful market research, all of which will likely appeal to traders. Please note, however, that xStation5, XTB’s proprietary trading platform, is the only one for which customer service is provided.

Even though XTB’s trading charges are slightly higher than the market average, the broker’s two accounts demand no minimum deposits. As compared to other brokers, XTB’s selection of over 2100 financial assets (including 57 Forex pairs) is extensive. XTB provides extensive educational resources for new users, and its Market News section is updated often with market analysis and trading ideas.

Although xStation 5 has garnered awards for its usefulness, rapid execution rates, and intuitive design, one disadvantage is that XTB no longer supports the MT4 trading platform.

XTB Group, founded in Poland in 2002, is a holding company for a number of companies that are subject to the jurisdiction of various national authorities.

Its South African clients will be accepted through a Belize subsidiary supervised by the Financial Services Commission of Belize. Although the IFSC’s regulation is laxer than that of UK and European regulators, XTB does hold licences from a number of prestigious bodies, including the FCA of the UK.

XTB keeps its customers’ funds separate from its operating funds, although it does not guarantee against having a negative balance. XTB also provides its customers with high leverage, up to 1:500 on select accounts. There is no minimum deposit required, but this could lead to problems for traders who only have a modest amount to invest and would otherwise be unable to afford to be stopped out of a trade and see their account balance go into the red.

Since XTB is a publicly traded corporation, it is subject to rigorous capital requirements and external audits, which provides an extra level of safety. Plus, Lloyd’s of London, one of the world’s foremost specialty insurers, insures all money.

When compared to other online brokers, XTB’s support for trading platforms (namely, xStation5) is lacking. Traders also need to be informed that using trading robots is not an option.

Forex traders who have invested time and effort into customising their Metatrader 4 or Metatrader 5 platforms can take those settings with them if they decide to switch to a broker that supports these platforms.

Third-party platforms, in contrast to xStation5, typically have a wide variety of extra plugins and allow for the employment of specialist advisors.

This is more of a problem for advanced traders who use trading algorithms, whereas novices may find the platform useful.

Traders may access the same robust charting tools and indicators, set up price alerts, and benefit from the same superior stop-loss capability that is available on the mobile app.

When compared to other brokers, XTB’s internet trading capabilities are sparse and can only be used from within the xStation5 platform.

 Besides copy trading tools and VPS services, most other major brokers also provide a variety of technical analysis tools like Autochartist and Trading Central. When it comes to tools, XTB’s xStation5 platform is severely lacking.