Compare IFC Markets vs TradersWay
What is IFC Markets? What is TradersWay?
IFC Markets is a forex and CFD broker that is regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers trading on over 600 instruments, including currency pairs, stocks, indices, commodities, metals, and cryptocurrencies. IFC Markets also provides its own proprietary trading platform called NetTradeX, as well as MetaTrader 4 and 5.
TradersWay is an unregulated forex and CFD broker that offers trading on over 40 currency pairs, 9 cryptocurrencies, 4 commodities, and some indices. TradersWay supports MetaTrader 4 and 5, as well as cTrader.
IFC Markets vs TradersWay Regulation Comparison
IFC Markets is regulated by CySEC, which is a reputable regulator in the European Union that enforces strict rules and standards for financial services providers. CySEC also offers investor protection schemes that can compensate clients up to €20,000 in case of broker insolvency.
TradersWay, on the other hand, is unregulated, which means it does not have to comply with any regulatory requirements or oversight. This poses a higher risk for traders, as they have no guarantee of the broker’s financial stability, security of funds, or fair trading practices. Unregulated brokers may also be involved in fraudulent or illegal activities, such as price manipulation, identity theft, or money laundering.
IFC Markets vs TradersWay Trading Assets Comparison
IFC Markets offers a wider range of trading assets than TradersWay, with over 600 instruments available compared to TradersWay’s 60+. IFC Markets has more currency pairs (49 vs 39), more cryptocurrencies (18 vs 9), more indices (16 vs 0), more commodities (26 vs 4), and more stocks (100+ vs 0) than TradersWay. This gives traders more opportunities and diversity in their trading strategies.
IFC Markets vs TradersWay Trading Fees Comparison
Both brokers offer competitive trading fees, but they have different fee structures. IFC Markets charges variable spreads starting from 0.4 pips on its Standard account and from 0 pips on its Raw Spread account. It also charges a commission of $6 per lot on its Raw Spread account and no commission on its Standard account.
TradersWay charges variable spreads starting from 0 pips on its ECN account and from 1.4 pips on its Standard account. It also charges a commission of $2 per 100k traded on its ECN account and no commission on its Standard account. The actual trading costs will depend on the market conditions, the type of account, and the instrument traded. Therefore, it is advisable to check the current spreads and commissions before opening a trade.
IFC Markets vs TradersWay Account Types Comparison
Both brokers offer multiple account types to suit different trading preferences and styles. IFC Markets has four account types: Standard (minimum deposit $100), Raw Spread (minimum deposit $100), NetTradeX Standard (minimum deposit $1), and NetTradeX Raw Spread (minimum deposit $1). The main differences between these accounts are the spreads, commissions, leverage, and platform. TradersWay has five account types: MT4.FIX (minimum deposit $10), MT4.VAR (minimum deposit $10), MT4.ECN (minimum deposit $100), MT5.ECN (minimum deposit $100), and CT.ECN (minimum deposit $50). The main differences between these accounts are the spreads, commissions, leverage, platform, and execution type.
IFC Markets vs TradersWay Deposit Options Comparison
Both brokers offer various deposit and withdrawal options for their clients. IFC Markets supports bank wire transfers, credit/debit cards, e-wallets (such as Skrill, Neteller, WebMoney), and cryptocurrencies (such as Bitcoin, Ethereum). It does not charge any deposit or withdrawal fees. TradersWay supports bank wire transfers, credit/debit cards, e-wallets (such as Skrill, Neteller, Perfect Money), cryptocurrencies (such as Bitcoin, Litecoin, Ethereum), and local payment methods (such as FasaPay). It does not charge any deposit fees but may charge some withdrawal fees depending on the method used.
IFC Markets vs TradersWay Trading Platforms Comparison
Both brokers offer popular trading platforms such as MetaTrader 4 and 5, which are widely used and trusted by traders around the world. These platforms offer advanced charting tools, technical indicators, automated trading, and social trading features. However, IFC Markets also offers its own proprietary platform called NetTradeX, which has some unique features such as synthetic instruments, portfolio trading, and margin calculation. TradersWay also offers cTrader, which is another well-known and user-friendly platform that supports fast execution, level II pricing, and custom indicators.
IFC Markets vs TradersWay Analytical Tools Comparison
Both brokers provide some analytical tools to help their clients make informed trading decisions such as market news, economic calendar, trading signals, technical analysis, market sentiment, and educational materials on its website and platforms.
IFC Markets vs TradersWay. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading goals, risk appetite and budget. You should consider all factors such as regulations, fees, assets, platforms, tools, etc. and weigh the pros and cons of each broker. You should also do your own research and due diligence before opening an account with any broker. Ultimately, the best forex broker for you is the one that meets your needs and expectations.
