Broker Details | iFOREX |
---|---|
Founded Year | 1996 |
Minimum Deposit | $100 |
Maximum Leverage | 400:1 * |
Address | 1 Wickham’s Cay, Road Town, Tortola, BVI VG1110, Virgin Islands, British |
Contact | info@iforex.com, +30-210-374-2599 |
Customer Support | Live Chat, Email, and Phone |
Regulators | BVI FSC |
Prohibited Countries | United States, Canada, India, Belgium, North Korea, Malaysia, Israel, France |
Trading Platforms | iFOREX authoring platforms |
Dealing Desk | ❌ No |
ECN | ✅ Yes |
Margin Call / Stop Out: | |
Web Trading | ✅ Yes |
Mobile Trading | ✅ Yes |
Currencies | (80+) |
Cryptocurrencies | (15+) Bitcoin, Litecoin, Ethereum |
CFD | (760+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities |
EAs/Robots | ✅ Yes |
News Trading | ✅ Yes |
Scalping | ✅ Yes |
Copy Trading | ❌ No |
Deposit Methods | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard |
Withdrawal Methods | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard |
Pros:
- Personalized one-on-one coaching in your native language.
- Unique platform designed for easy trading.
- Over 25 years of experience in the trading industry.
- Attractive bonus offers for traders.
- Extensive educational materials to learn and grow.
Cons:
- Does not support the MetaTrader platform.
- Charges inactivity fees after 12 months.
Master Trading with iFOREX: Features, Bonuses, and Expert Insights
When it comes to trading, picking the right broker is a big deal. You want someone you can trust, right? With so many options out there, finding the perfect one can feel like trying to find a needle in a haystack. Today, we’re diving into iFOREX, a broker that’s been around the block for a while. But does it live up to the hype? Let’s find out!
What is iFOREX?
Founded over 25 years ago, iFOREX has positioned itself as a reliable player in the trading industry. It’s a platform tailored for traders who are serious about making money. But like any service, it has its ups and downs. Let’s peel back the layers.
The History of iFOREX
You can’t trust a broker without knowing where they came from. Established in 1996, iFOREX boasts over two decades of experience. This isn’t some fly-by-night operation; they’ve weathered market crashes, regulations, and changing trends. That alone says a lot.
Why Traders Choose iFOREX
So, what’s the appeal? Here are a few reasons traders flock to this platform:
- Proprietary platform: Unlike brokers relying on MetaTrader, iFOREX has its own smooth, easy-to-navigate trading software.
- Educational resources: They offer a ton of tutorials, eBooks, and guides to help you sharpen your skills.
- Bonus offers: Generous incentives can give your trading account a solid boost right off the bat.
Key Features of iFOREX
1. One-on-One Coaching
iFOREX shines when it comes to personal coaching. They offer tailored sessions in your native language. Whether you’re a beginner or seasoned trader, having someone guide you through the ropes can make all the difference.
2. User-Friendly Platform
Forget complicated systems; the iFOREX trading platform is designed for simplicity. It’s not as flashy as MetaTrader but gets the job done without overwhelming you.
3. Wide Range of Assets
Want to trade forex? Go ahead. Interested in commodities or indices? They’ve got you covered. With iFOREX, you have access to over 800 tradable assets.
4. Leverage Options
High leverage is a double-edged sword. At iFOREX, they offer up to 400:1 leverage. While this can amplify profits, it also increases risks. Use it wisely.
Who is iFOREX Best For?
iFOREX isn’t for everyone. If you’re a newbie looking for guidance, this platform might be your best friend. However, experienced traders needing advanced tools might find it lacking.
How to Get Started with iFOREX
Starting with iFOREX is straightforward:
- Sign up: Create an account on their website.
- Verify your identity: Upload documents to meet regulatory requirements.
- Deposit funds: Choose from various payment methods to fund your account.
- Start trading: Dive into the market with access to a wide range of assets.
Fees and Charges
No one likes hidden fees. Here’s what to expect:
- Spreads: iFOREX offers competitive spreads, though they’re not the lowest.
- Overnight fees: Like most brokers, you’ll pay for holding positions overnight.
- Inactivity fees: After 12 months of no trading, fees kick in. Stay active!
Is iFOREX Safe?
Regulation is a big deal in the trading world. iFOREX is regulated by CySEC (Cyprus Securities and Exchange Commission), meaning they follow strict rules to keep your money safe.
Customer Support
Need help? iFOREX offers support via phone, email, and chat. They’re quick to respond, which is always a good sign.
Mobile Trading with iFOREX
Always on the go? iFOREX has a mobile app for iOS and Android. It’s not groundbreaking, but it gets the job done. You can trade, monitor positions, and even access educational resources.
What Sets iFOREX Apart?
The personalized coaching and smooth proprietary platform make iFOREX stand out. While it may not cater to every trader’s needs, its tailored approach makes it unique.
Should You Choose iFOREX?
That depends on what you’re looking for. Need personal guidance? Go for it. Love advanced tools like MetaTrader? Look elsewhere.
Conclusion
iFOREX is a mixed bag. It excels in personalized coaching and simplicity but falls short for traders seeking advanced tools or no-fee policies. Whether it’s the right broker for you depends on your trading style and priorities.
It offers helpful learning tools like tutorials and webinars to improve trading skills.