Exness vs IFX Brokers

Exness vs IFX Brokers Comparison Table 2023
Exness	IFX Brokers
Review 4.2	Review 2.8
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
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."
Pros
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
Cons
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
Awards
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
Instruments
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
Bitcoin Payments Boleto Credit Card Mastercard Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
Variable	0.01 Lots
Regulator
FSA, CySEC, FCA, FSCA, FSC, CBCS	FSCA
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
	MetaTrader
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$10
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
CAC 40 Index France DAX GER 40 Index Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group London Stock Exchange Nasdaq New York Stock Exchange	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq S&P 500
Commodities
Corn Gold Silver	Coffee Corn Gold Oil Palladium Platinum Silver Soybeans Sugar Wheat
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.
Leverage
1:2000	1:1000
FTSE Spread
Floating	From 1.3 pips (Standard)
GBPUSD Spread
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.
GBPUSD Spread
Floating	From 1.3 pips (Standard)
EURUSD Spread
Floating	From 1.3 pips (Standard)
EURGBP Spread
Floating	From 1.3 pips (Standard)
Assets
97	70+
Cryptocurrency
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.
Spread
Floating	From 1.3 pips (Standard)
Coins
BTC LTC ETH XRP BCH SOL SNX UNI BAT DOT XTZ ADA BNB ENJ FIL DOGE COMP THETA AAVE LINK IOST CAKE MATIC 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

Review	Review
More Comparisons
Exness vs	IFX Brokers vs