Exness vs IFX Brokers
Exness | IFX Brokers |
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4.2
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2.8
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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 | |
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Cons | |
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Awards | |
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Instruments | |
Forex, metals, cryptocurrencies, energies, indices, stocks | CFDs, Forex, Indices, Commodities, Cryptos |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | $10 |
Trading Platforms | |
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Payment Methods | |
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 | |
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Stock Exchanges | |
Commodities | |
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 | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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