IFX unveils foreign currency brokers with high leverage
By Confidente Reporter
One of the most attractive advantages of forex trading is that traders can use leverage to open larger positions despite the size of their initial deposit. When traders apply leverage to their trading, the broker takes a small percentage, referred to as the margin requirement, as collateral for the trade.
This is advice that has been given by IFX, a foreign currency broker based in the southern African region.
“There are several brokers in the industry that are well-known for their high leverage ratios, and these are some of the best include IFX Brokers, FBS, FOREX.com, Vantage FX and Exness,” the company said.
In view of IFX Brokers the company said that IFX Brokers is a South African broker that has been involved in the facilitation of trading across several financial markets since 2018. IFX Brokers offers competitive trading conditions, transparent fee schedules, and high leverage up to 1:500.
“IFX Brokers offers the use of MetaTrader 4 through which trades can be executed, giving traders the best software on the market that has a wide range of features and functions. The pros for these brokers are well-regulated by the reputable FSCA, high leverage ratio up to 1:500, MetaTrader 4 supported across devices and educational materials offered. However, the con remain FIX API is not supported, live chat function not incorporated on the website and spreads are not the tightest,” added the company.
Speaking about FBS, the company said that this is a popular and reputable international forex broker that offers traders access to global financial markets through sophisticated, comprehensive trading solutions. FBS is well-known for offering competitive trading conditions that consist of tight spreads, a wide range of tradable instruments, and maximum leverage up to 1:3000 for retail traders.
Its advantages include ultra-low minimum deposits from 15 ZAR, user-friendly trading platforms and dedicated customer support in multiple languages. On the downside however is inactivity fee charged on dormant accounts and high spreads on cent account.
Notably further, FOREX.com is a large and reputable broker that caters for South African traders. FOREX.com not only has competitive trading conditions and a proven execution scorecard, but the broker also offers high leverage ratios, a wide range of price charts, and a powerful proprietary trading platform.
FOREX.com is also known for its ultra-low trading and non-trading fees, performance analytics modules, and technical indicators, helping traders refine and improve their forex trading skills. It is well-regulated, has a wide range of tradable instruments offered and has advanced trading tools provided. This is however noted is not suited to beginner traders.
The company went on to speak about Vantage FX which is a large and reputable forex broker that caters for South African traders, giving them access to a wide range of financial markets. Vantage FX offers commission-free trading options and retail trading accounts with tight, variable spreads.
In addition, Vantage FX also offers high maximum leverage up to 1:500, allowing traders the opportunity to open larger positions in major financial markets and instruments. The positive on this is that it supports MetaTrader 4 and 5, spread-free ECN accounts offered and well-regulated by reputable entities. It also has a high minimum deposit requirement which may deter traders.
Lastly, Exness is a popular and well-regulated broker with offices in South Africa and several other regions, offering traders from around the world comprehensive trading solutions.
The trading conditions that Exness offers include tight spreads, ultra-low deposit requirements, negative balance protection on retail accounts, and leverage up to 1:2000.
This pros of this brokers is that it is a globally-recognised broker, a high maximum leverage is offered, demo accounts are offered and Islamic accounts available for Muslim traders. However, accounts are not multi-currency. Reader can read more on Youths trained in capital markets trading,” the company said