Compare SuperForex vs IFC Markets
What is SuperForex? What is IFC Markets?
SuperForex is a forex broker that offers online trading services for various financial instruments, such as forex, CFDs, cryptocurrencies, stocks, futures, and options. SuperForex is regulated by the International Financial Services Commission (IFSC) of Belize and has been in operation since 2013.
IFC Markets is a forex and CFD broker that provides online trading services for over 600 instruments, including forex, metals, indices, commodities, stocks, and ETFs. IFC Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Securities Commission of The Bahamas (SCB) and has been in operation since 2007.
SuperForex vs IFC Markets Regulation Comparison
Both brokers are regulated by reputable authorities, but IFC Markets has more licenses than SuperForex. SuperForex is only regulated by the IFSC of Belize, which is a relatively lenient regulator that does not impose strict requirements on brokers.
IFC Markets is regulated by both the CySEC of Cyprus and the SCB of The Bahamas, which are more stringent regulators that enforce higher standards of investor protection, such as segregated accounts, compensation schemes, and regular audits.
SuperForex vs IFC Markets Trading Assets Comparison
Both brokers offer a wide range of trading assets, but IFC Markets has more instruments than SuperForex.
SuperForex offers over 400 instruments, including 300+ currency pairs, 34 CFDs on indices, commodities, and cryptocurrencies, 65+ futures contracts, and 50+ options.
IFC Markets offers over 600 instruments, including 50+ currency pairs, 400+ CFDs on metals, indices, commodities, stocks, and ETFs, and 150+ synthetic instruments created by the broker’s own technology.
SuperForex vs IFC Markets Trading Fees Comparison
Both brokers charge variable spreads and commissions depending on the account type and trading platform. SuperForex has four account types: Standard ($1 minimum deposit, no commission), Swap-Free ($1 minimum deposit, no commission), No Spread ($1000 minimum deposit, $0.01 commission per lot), and ECN ($100 minimum deposit, $5 commission per lot).
IFC Markets has three account types: Standard ($200 minimum deposit, no commission), NetTradeX ($200 minimum deposit, no commission), and ECN ($1000 minimum deposit, $3.5 commission per lot). The average spreads for both brokers vary from 0.3 pips to 2 pips depending on the account type and trading instrument.
SuperForex vs IFC Markets Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences.
SuperForex has four account types: Standard (suitable for beginners and experienced traders), Swap-Free (suitable for traders who follow Islamic principles), No Spread (suitable for scalpers and high-frequency traders), and ECN (suitable for professional traders who want direct market access).
IFC Markets has three account types: Standard (suitable for beginners and experienced traders), NetTradeX (suitable for traders who want to use the broker’s proprietary platform and create synthetic instruments), and ECN (suitable for professional traders who want direct market access).
SuperForex vs IFC Markets Deposit Options Comparison
Both brokers offer various deposit and withdrawal options for their clients.
SuperForex accepts payments via Skrill, Wire transfer, Credit / debit cards, Neteller, UnionPay, Perfect Money, Local bank transfer, FasaPay, Crypto currencies (such as Litecoin, Dash, Ethereum, Zcash, Ripple), bitwallet, Dogecoin, AstroPay, and M-Pesa.
IFC Markets accepts payments via Crypto currencies, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay, and Wire transfer. Both brokers do not charge any fees for deposits or withdrawals.
SuperForex vs IFC Markets Trading Platforms Comparison
Both brokers offer MetaTrader 4 as their main trading platform. MetaTrader 4 is a popular and user-friendly platform that supports various features such as charting tools, indicators, expert advisors, and automated trading.
SuperForex also offers MetaTrader 5 as an alternative platform that has more advanced functionalities than MetaTrader 4. IFC Markets also offers NetTradeX as a proprietary platform that allows traders to create and trade synthetic instruments using the broker’s own technology.
SuperForex vs IFC Markets Analytical Tools Comparison
Both brokers provide various analytical tools to help their clients with their trading decisions. SuperForex and IFC Markets both offers market news, economic calendar, trading signals, technical analysis, and webinars. Both brokers also offer educational materials such as articles, videos, and tutorials.
SuperForex vs IFC Markets. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals and risk appetite. However, you can consider some tips on how to compare and evaluate forex brokers based on several important criteria, such as:
- Regulation: You should choose a broker that is regulated by a reputable authority that can protect your rights and interests as a trader. You should also check the broker’s reputation and history of complaints or disputes with clients or regulators.
- Trading assets: You should choose a broker that offers the trading instruments that you are interested in and that suit your trading strategy. You should also check the broker’s liquidity and execution speed for the instruments that you trade.
- Trading fees: You should choose a broker that charges reasonable and transparent fees for your trading activities. You should compare the broker’s spreads, commissions, swaps, and other charges that may affect your profitability.
- Account types: You should choose a broker that offers an account type that matches your trading style and preferences. You should consider the broker’s minimum deposit, maximum leverage, margin requirements, trading platforms, and other features that may affect your trading experience.
- Deposit and withdrawal options: You should choose a broker that offers convenient and secure payment methods for your deposits and withdrawals. You should also check the broker’s processing time, fees, and limits for your transactions.
- Trading platforms: You should choose a broker that offers a reliable and user-friendly trading platform that supports your trading needs. You should check the platform’s features, such as charting tools, indicators, expert advisors, automated trading, and other functionalities that may enhance your trading performance.
- Analytical tools: You should choose a broker that provides useful and relevant analytical tools to help you with your trading decisions. You should check the broker’s market news, economic calendar, trading signals, technical analysis, market sentiment, webinars, and other resources that may improve your trading knowledge and skills.
These are some of the criteria that you can use to compare and evaluate forex brokers. However, you should also do your own research and due diligence before choosing a broker.
