Broker iFOREX
Website URL https://www.iforex.eu/
Founded 1996
Headquarters Corner of Agiou Andreou and Eleftheriou Venizelou Streets, Vashiotis Agiou Andreou Building, 2nd Floor, Office 201, 3035 Limassol, Cyprus
Support Number +37-630-0008
Support Types email , fax , live chat , telephone
Languages 20 languages supported
Trading Platform WebPlatform | Mobile platform
Minimum 1st Deposit 100$
Minimum Trade Amount 0.01
Bonus No Bonus
Leverage 1:400
Spread fixed
Free Demo Account Open Demo
Regulated Yes
Regulation Regulated by CySEC and MNB
Fees Yes
Account Types standard account
Deposit Methods Credit Card , Wire Transfer
Withdrawal Methods Credit Card , Wire Transfer
Number of Assets 800+
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 88

iFOREX is a company founded by a group of bankers and forex dealers in 1996 and since then it has managed to grow exponentially, offering their services to traders located across the globe. To distinguish itself from the competition, iFOREX provided their clients with very tight spreads, like market pricing via a direct link to the interbank market rates. The company also provides innovative and user-friendly platforms, updated financial news, and 24-hour support. Since 2004 iFOREX took a giant leap and launched a multi-lingual internet-based trading platform and managed to expand its clients base to tens of thousands, providing vast liquidity to traders across the globe.

Trading Platforms

Mobile Platform – which offers access to your wallet, balance sheets, equity and margin details. With it, you can trade over 800 stocks, indices, currency pairs, cryptos, ETFs and commodities. You can quickly place trades and constantly monitor your positions and also it has execution gestures such as the new Swipe-to-Close. Using the mobile platform, you’ll gain complete access to your wallet, balance sheets, equity, and margin details, as well as a customizable layout for easy usage.

Web-Based Platform – designed to suit the needs of traders who have security systems installed on their computers, without having to download and install any kind of software. It allows traders to access a variety of features, like opening and closing positions, deposit and withdrawal, account history review. iFOREX claims that the web-based platform is ideal for traders who use to travel a lot. Although we’re talking about a web platform, security measures had been ensured through Firewall access management and 256-bit secure SSL environment. The main downside here is that the broker does not offer any desktop platform, even though some traders would prefer one.

Account Types and Instruments

Speaking of account types, iFOREX does not have a diverse offer, since all traders will trade with a single account type. Deposit and withdrawal methods are also thin, with only credit/debit cards and Bank/Wire Transfers supported. This might be an issue for traders that have complex demands from their broker.

Still, with iFOREX traders have access to a wide variety of trading instruments, including stocks like Facebook and Apple, cryptocurrencies like Bitcoin and Ether, plus the most important major and minor Forex pairs.

Another key feature of iFOREX is their Advanced Trading Signals option, which sends to all customers live updates about the 65 hottest trading instruments. All signals are sent to the customer’s mobile device according to the parameters set by himself.

iFOREX Education

Same as many other companies, iFOREX is also offering educational material for clients wanting to learn how to trade. Trading Videos, Educational Books, Interactive Tutorials, and other trading resources could be found in the Education section available on the website.

Customer Support

iForex offers 24/5 customer support to their clients and traders have different options to contact the company’s representatives: phone, email, fax or live chat.

However, one of the main disadvantages of iForex is that the broker does not offer the ability to open a demo account, its traders need to open directly a live account.

Visit Broker

Leave a Comment

24 Forex Secrets Copyright © 2017.