![]() ![]() Locally, it is regulated by the Financial Sector Conduct Authority (FSCA), and it also retains regulation from top international authorities, such as Australia’s ASIC and the Financial Conduct Authority of the United Kingdom. Yes, traders from South Africa can feel secure using ThinkMarkets as their broker of choice. In order to protect investors and ensure that financial markets function fairly and efficiently, the Financial Sector Conduct Authority (FSCA) promotes fair treatment of market participants and provides education on a wide range of financial topics. The Financial Sector Conduct Authority (FSCA) is the government agency responsible for overseeing the country’s financial system. IFX Brokers takes the lead in terms of the variety of available Forex pairs, offering access to 60 pairs while ThinkMarkets provides access to 46 currency pairs.įorex trading with IFX Brokers, a company established in South Africa, is safe and secure because the company carries a valid license from the Financial Sector Conduct Authority (FSCA). How many Forex pairs can I expect from these brokers? ![]() Yes, both IFX Brokers and ThinkMarkets provide traders with access to MetaTrader 4 and MetaTrader 5. In addition to the desktop applications that are offered for Windows and Mac, ThinkMarkets also provides MT4 and MT5 WebTerminal, which are web-based versions of the platforms, as well as mobile and tablet adaptations of both versions of the software. In addition to ThinkMarkets’ own proprietary trading platform, ThinkTrader, it supports MetaTrader 4 and MetaTrader 5, which are, respectively, the most widely used trading platforms in the foreign exchange market. IFX Brokers is a dedicated MetaTrader broker that offers access to both MT4 and MT5, while the broker’s MT4 platform is an upgraded version with an additional 85 technical indicators.Īs such, both beginner and advanced traders will have access to an excellent selection of trading software from IFX Brokers which is widely regarded as the gold standard in Forex trading. Which broker offers the superior trading platform? The Financial Sector Conduct Authority (FSCA) is an esteemed regulatory body that checks to see that ThinkMarkets retains all customer assets in top-tier banks in South Africa, where they are kept separate from corporate funds.Īdditionally, it guarantees that ThinkMarkets will be audited on a regular basis in order to check that customers are being handled fairly. Traders from South Africa will do their business through TF Global Markets (South Africa) Pty Ltd, a company that is authorized and regulated by the Financial Sector Conduct Authority (FSCA). Locally, it is regulated by the Financial Sector Conduct Authority (FSCA) and it also retains regulation from top international authorities, such as Australia’s ASIC and the Financial Conduct Authority of the United Kingdom. South Africans who are interested in trading can do so with confidence at ThinkMarkets. Trading Forex and CFDs with IFX Brokers is risk-free since the company protects its customers’ money by keeping it in a separate bank account from its own and because it complies with all applicable regulations. The Financial Sector Conduct Authority (FSCA) in South Africa, where IFX Brokers is headquartered, regulates the company extensively. Which broker offers more security when trading Forex and CFDs? ThinkMarkets does not charge commission, while IFX Brokers charges competitively priced commissions at 6 USD per trade. Which offers better pricing – IFX Brokers or ThinkMarkets?īoth IFX Brokers and ThinkMarkets offer similarly tight spreads averaging at 0.2 pips for the EUR/USD currency pair. Here, we take a closer look at IFX Brokers vs. We spent many hours thoroughly examining the best-in-class Forex brokers for 2022. ![]()
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