Exness vs IFX Brokers

Exness vs IFX Brokers Comparison Table 2023
Exness IFX Brokers
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 clients, several awards and reputable licensing, the broker is a respected global brand. Traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.

IFX Brokers is a South African forex and CFD broker offering STP execution on the MetaTrader 4 and MetaTrader 5 platforms. Traders can choose between 5 account types with minimum deposits from $10 and commission-free trading. IFX Brokers is regulated by the FSCA.

Comment by Reviewer
"Exness is an accessible broker for all experience levels, though beginners will appreciate the low entry requirements, social trading and round-the-clock support." "Based on my experience, I think beginners will be best suited to the low-deposit Standard account or the Cent account at IFX Brokers. That said, I would have liked to see more educational resources and market analysis tools on offer for new traders."
  • Accessible for beginners with low minimum deposits from $10 and flexible payment methods
  • Social trading features plus comprehensive education covering a good selection of topics and markets
  • A range of account types for all experience levels and requirements, including Cent, Pro and Raw spread solutions
  • Top-tier licensing with the FCA and CySEC and strong reputation with over 10 years in business
  • First brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes
  • Highly competitive spreads from 0.1 pips and low commissions from $3.50 per side
  • 24/7 multilingual customer support via telephone and email
  • Local payments plus deposits in BTC and USDT
  • I'm pleased to see both the MT4 and MT5 platforms available for clients, which will serve various strategies and experience levels
  • I appreciate the low beginner-friendly minimum deposits starting from $10, plus a Cent account for those looking to trade in smaller volumes
  • IFX Brokers offers 4 account base currencies, ZAR, USD, GBP and EUR, making the broker easily accessible for many clients
  • I found a good selection of accessible payment methods at IFX Brokers, with no fees and instant processing
  • No live chat support
  • No bonus deals or promotions
  • Country restrictions including the USA
  • IFX Brokers is regulated by the South African FSCA, which is not a top-tier authority (though not the weakest)
  • The total selection of 100+ assets is not competitive and will likely not appeal to most experienced investors
  • The lack of stock CFDs is also disappointing for me and is a major drawback compared to most competitors
  • I think the broker should offer more educational resources and trading tools if they are to compete with the top forex brands
  • Most People-Centric Broker at Traders Summit 2022
  • Global Broker of the Year at Traders Summit 2022
  • Best Customer Support Award at Financial Markets Expo Cairo 2021
  • Premium Loyalty Program Award at Financial Markets Expo Cairo 2021
  • Most Innovative Broker at Dubai Expo 2021
Forex, metals, cryptocurrencies, energies, indices, stocks CFDs, Forex, Indices, Commodities, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$10 $10
Trading Platforms
  • MT4
  • MT5
  • TradingCentral
  • MT4
  • MT5
Payment Methods
Minimum Trade
Variable 0.01 Lots
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
Yes (iOS & Android) Android
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
Copy trading is available through signals on the MetaTrader platforms.
Social Trading
Yes No
Trade Signals
VPS Hosting
Yes No
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • MYR
  • IDR
  • DKK
  • CHF
  • HKD
  • SGD
  • AED
  • SAR
  • HUF
  • NGN
  • THB
  • VND
  • UAH
  • USD
  • EUR
  • GBP
  • ZAR
Stock Exchanges
CFD Trading
Access up to 1:200 leverage on CFDs with fast platform execution. It is easy for new traders to get started with a low deposit of $10, plus helpful education guides via the Exness Academy. IFX Brokers' CFD selection covers 100+ forex, indices, commodities and cryptocurrencies, which is quite limited compared to most leading brands. However, the 5 account types should cater to most beginner-level and intermediate traders, or dedicated MetaTrader clients.
1:2000 1:1000
FTSE Spread
Floating From 1.3 pips (Standard)
Floating From 1.3 pips (Standard)
Oil Spread
Floating From 1.3 pips (Standard)
Stocks Spread
Floating NA
Forex Trading
An impressive range of around 100 forex pairs are available with tight spreads from 0.1 pips. Choose between the advanced MT4 and MT5 platforms to access a suite of forex analysis tools. I was impressed to find 65+ major, minor and exotic currency pairs with competitive spreads from 0.2 pips on popular pairs like EUR/USD. I also appreciated the integrated economic calendar, so I can keep track of global market events and forex developments.
Floating From 1.3 pips (Standard)
Floating From 1.3 pips (Standard)
Floating From 1.3 pips (Standard)
97 70+
With over 30 cryptos on offer, traders have plenty of opportunities to access the digital asset market via desktop or mobile apps. Crypto deposits are also available making funding and trading seamless. During testing, I found only 5 crypto pairs on offer, which is a much smaller selection than most popular alternatives. That said, you can get started with as little as $10 and pay zero commissions on crypto trades.
Floating From 1.3 pips (Standard)
  • BTC
  • LTC
  • ETH
  • XRP
  • BCH
  • SOL
  • SNX
  • UNI
  • BAT
  • DOT
  • XTZ
  • ADA
  • BNB
  • ENJ
  • FIL
  • DOGE
  • COMP
  • AAVE
  • LINK
  • IOST
  • CAKE
  • HT
  • MANA
  • HBAR
  • INCH
  • BTC
  • ETH
  • BCH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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IFX Brokers