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trade245 , IFC Markets Broker Comparison
Do you want to know which is the better broker between trade245 and IFC Markets ?
In the table below, you can compare the features of trade245 , IFC Markets side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
2.02
Unverified
Under guarantee
--
5-10 years
FSCA,FSCA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Micro,Micro bonus 100,Micro bonus 300,VIP,Bonus 100,No Bonus,Bonus 300,Zero Stop-Out
--
R100
1:500
From 2
30.00
Variable
0.01
--
2.96
Regulated
Under guarantee
5-10 years
FSCA,FSC
International Bank Transfer,VISA,MASTER,Mobile Money,African Local Bank,Crypto Currencies,Bitwallet,WebMoney,Volet (ADVCash),Domestic Transfer,Wire transfer
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Pro Micro,Classic Micro,Direct Nano,Classic Nano,ECN Standard,Pro Standard,Direct Micro,Direct Standard,MetaTrader 4 Classic Standard,NetTradeX Direct Standard,NetTradeX Classic Standard
--
15 USD
1:400
From 0.1
10.00
Floating
0.01
--
trade245 、 IFC Markets BrokerRelated News
trade245 、 IFC Markets BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do trade245 and ifc-markets have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
trade245
| Trade245 Review Summary | |
| Founded | 2020 |
| Registered Country/Region | South Africa |
| Regulation | FSCA (Unverified) |
| Market Instruments | Forex, indices, stocks, commodities, CFDs |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | From 0.0 pip |
| Trading Platform | MT4, MT5 |
| Minimum Deposit | $0 |
| Customer Support | Tel: +27(0) 87 828 8245 |
| Email: support@trade245.com | |
| Social Media: Instagram, Facebook | |
| Address: Wetton Works, 14 Mercury Crescent, Wetton,Cape Town, South Africa, 7780 | |
| Address: Menlyn Square, Building B, 1st Floor, 132 Aramist Ave, Menlyn, Pretoria, South Africa, 0063 | |
Founded in 2020, Trade245 was registered in South Africa. Its market instruments include forex, indices, stocks, commodities, and CFDs. Customers can use MT4 or MT5 to trade, with seven account types available, whose leverage is 1:500, with no minimum opening deposit requirement. However, investors still need to be cautious, since Trade245's license is unverified.
Pros and Cons
| Pros | Cons |
| Various trading products | Unverified status |
| Seven account types | No demo account |
| MT4, MT5 support | |
| No minimum deposit requirement | |
| Multi-lingual support |
Is Trade245 Legit?
| Regulated Authority | Financial Sector Conduct Authority (FSCA) |
| Current Status | Unverified |
| Regulated Country | South Africa |
| Regulated Entity | Red Pine Capital (PTY) LTD |
| License Type | Financial Service Corporate |
| License No. | 46044 |
What Can I Trade on Trade245?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Commodities | ✔ |
| CFDs | ✔ |
| Bonds | ❌ |
| Cryptocurrencies | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Leverage | Spread | Platform |
| Bonus 100 | 1:500 | From 1 pip | MT4 |
| No Bonus | 1:500 | From 1 pip | MT4 |
| Swap Free | 1:500 | From 1 pip | MT4 |
| Zero Spread | 1:500 | From 0 pip | MT4 |
| Bonus 245 | 1:500 | From 1 pip | MT4 |
| Bonus Rescue | 1:500 | From 1 pip | MT4 |
| Micro | 1:500 | From 1 pip | MT4 & MT5 |
Leverage
For all account types, the leverage is 1:500. The use of leverage can both maximize profits and also increase losses. Therefore, customers still need to consider carefully before investing.
Trade245 Fees
| Account | Spread | Bonus |
| Bonus 100 | From 1 pip | Included (100%) |
| No Bonus | From 1 pip | Excluded |
| Swap Free | From 1 pip | Excluded |
| Zero Spread | From 0 pip | Excluded |
| Bonus 245 | From 1 pip | Included (245%) |
| Bonus Rescue | From 1 pip | Included (25%} Drawdown) |
| Micro | From 1 pip | Excluded |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC, web, mobile | Beginners |
| MT5 | ✔ | PC, web, mobile | Experienced traders |
Deposit and Withdrawal
Investors can deposit and withdraw via VISA, Mastercard, PESA, OZOW, Skrill, Global cryptocurrency.
ifc-markets
| IFC Markets Review Summary | |
| Founded | 2005 |
| Registered Country/Region | The Virgin Islands |
| Regulation | LFSA, FSCA (Exceeded), CySEC (Revoked), FSC (Offshore Regulated) |
| Market Instruments | Indices, Forex, ETF, CFDs, Metals, Cryptocurrencies |
| Demo Account | ✅ |
| Social/Copy Trading | / |
| Leverage | 1:400 |
| Spread | 0.4 - 1.8 pips |
| Trading Platform | Net Trade X, MT4, MT5 |
| Minimum Deposit | $0 |
| Customer Support | Live Chat |
| Tel: +442039661649 | |
| Email: info@ifcmarkets.com | |
| Social media: Telegram, WhatsApp, FaceBook, Instagram, X, Linkedin, YouTube | |
| Address: 'AGP Chambers', 84 Spyrou Kyprianou Avenue, 4004 Limassol, Cyprus | |
IFC Markets Information
IFC Markets is a regulated broker founded in 2005 and registered in the Virgin Islands. It offers trading in Indices, Forex, ETF, CFDs, Metals, and Cryptocurrencies with leverage up to 1:400 and variable spreads via Net Trade X, MT4, and MT5 trading platforms. There is no minimum deposit.
Pros and Cons
| Pros | Cons |
| Regulated by LFSA | Limited info on trading conditions |
| Various trading assests | No info on deposit and withdrawal |
| MT4 and MT5 supported | |
| Live chat support |
WikiFX Field Survey
WikiFX field survey team visited IFC Markets's address is Cyprus, and we found its office on site, which means the company operates with an physical office.
Is IFC Markets Legit?
Yes, IFC Markets are legitimate. It is regulated by Labuan Financial Services Authority (LFSA) under IFC Markets Ltd, with license number MB/20/0049.
| Regulatory Status | Regulated By | Licensed Institution | License Type | License Number |
| Regulated | Labuan Financial Services Authority (LFSA) | IFC Markets Ltd | Straight Through Processing (STP) | MB/20/0049 |
| Exceeded | Financial Service Corporate (FSCA) | IFC MARKETS SA (PTY) LTD | Financial Service Corporate | 51818 |
| Revoked | Cyprus Securities and Exchange Commission (CYSEC) | IFCM Cyprus Ltd | Common Financial Service License | 147/11 |
| Offshore Regulated | British Virgin Islands Financial Services Commission (FSC) | IFCMARKETS. CORP. | Retail Forex License | SIBA/L/14/1073 |
What Can I Trade on IFC Markets?
| Tradable Instruments | Supported |
| Indices | ✔ |
| Forex | ✔ |
| ETF | ✔ |
| CFDs | ✔ |
| Metals | ✔ |
| Cryptocurrency | ✔ |
| Stocks | ❌ |
| Equity | ❌ |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Net Trade X | ✔ | Windows, MacOs, iOS, Android | / |
| MT4 | ✔ | Windows, MacOs, iOS, Android | Beginners |
| MT5 | ✔ | Windows, MacOs, iOS, Android | Experienced traders |
Do trade245 and ifc-markets have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive trade245 and ifc-markets are, we first considered common fees for standard accounts. On trade245, the average spread for the EUR/USD currency pair is From 2 pips, while on ifc-markets the spread is From 0.1.
Which broker between trade245, ifc-markets is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
trade245 is regulated by FSCA,FSCA. ifc-markets is regulated by FSCA,FSC.
Which broker between trade245, ifc-markets provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
trade245 provides the Micro,Micro bonus 100,Micro bonus 300,VIP,Bonus 100,No Bonus,Bonus 300,Zero Stop-Out platform with products like --; ifc-markets offers the Pro Micro,Classic Micro,Direct Nano,Classic Nano,ECN Standard,Pro Standard,Direct Micro,Direct Standard,MetaTrader 4 Classic Standard,NetTradeX Direct Standard,NetTradeX Classic Standard platform featuring assets including --.
