|Headquarters||Corner of Agiou Andreou and Eleftheriou Venizelou Streets, Vashiotis Agiou Andreou Building, 2nd Floor, Office 201, 3035 Limassol, Cyprus|
|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|
|Free Demo Account||Open Demo|
|Regulation||Regulated by CySEC and MNB|
|Account Types||standard account|
|Deposit Methods||Credit Card , Wire Transfer|
|Withdrawal Methods||Credit Card , Wire Transfer|
|Number of Assets||800+|
|US Traders Allowed|
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.
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.
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.
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