IFX Brokers vs Exinity

IFX Brokers vs Exinity Comparison Table 2024
IFX Brokers Exinity
2.8
3.4

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.

Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.

Comment by Reviewer
"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." "Exinity's competitive ECN pricing, excellent range of forex pairs and high leverage makes this a great choice for dedicated forex day traders."
Pros
  • 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
  • Very wide range of forex pairs, with 150+ on offer
  • Excellent pricing with spreads starting from zero and just $2 per lot in commissions
  • Leverage up to 1:2000 for traders with an appetite for risk
  • No restrictions on day trading strategies such as scalping
  • Supports MetaTrader 4 and MetaTrader 5 platforms
  • Hold positions swap-free for up to 7 days
  • 24-hour customer support
Cons
  • 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
  • No cryptocurrency trading available
  • Does not accept traders from the US
  • No bonus schemes
Instruments
CFDs, Forex, Indices, Commodities, Cryptos Stocks, Stock CFDs, Forex, Commodities, Indices
Demo Account
Yes No
Minimum Deposit
$10 $20 (World), $100 (Trader), $10,000 (Trader Pro)
Trading Platforms
  • MT4
  • MT5
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSCA FSRA, FCA, FSC, CMA
Margin Trading
Yes Yes
STP Account
Yes No
ECN Account
No Yes
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
Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
Copy trading is available through signals on the MetaTrader platforms.
Social Trading
No No
Trade Signals
MetaTrader Yes - MT4 / MT5 and Analyst Sentiment
VPS Hosting
No 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
  • ZAR
  • USD
  • AED
Stock Exchanges
Commodities
CFD Trading
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. Trade CFDs on forex, stocks, indices, energies and metals with fast execution and variable leverage. Spreads are tight and commission-free trading is available on some assets.
Leverage
1:1000 1:2000
FTSE Spread
From 1.3 pips (Standard) Variable
GBPUSD Spread
From 1.3 pips (Standard) 1.9
Oil Spread
From 1.3 pips (Standard) Variable
Stocks Spread
NA Variable
Forex Trading
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. Exinity offers 150+ forex pairs to trade on a very competitive ECN pricing model, with spreads from zero and low commissions of $4 per round turn. Traders can access the powerful MT4 and MT5 platforms and trade with no restrictions on popular day trading strategies.
GBPUSD Spread
From 1.3 pips (Standard) 1.9
EURUSD Spread
From 1.3 pips (Standard) 1.3
EURGBP Spread
From 1.3 pips (Standard) 2.8
Assets
70+ 150+
Cryptocurrency
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. Crypto trading not offered
Spread
From 1.3 pips (Standard)
Coins
  • BTC
  • ETH
  • BCH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
IFX Brokers
vs
Exinity
vs