IFOREX Review 2024

What is IFOREX?

iFOREX is a renowned online trading platform that offers a wide range of financial instruments. It was established in 1996 by a group of bankers and Forex dealers. The platform is part of Formula Investment House Ltd. iFOREX provides its users with the opportunity to trade in various markets, including forex, commodities, indices, and shares. It offers more than 750 Contract for Difference (CFD) instruments. , allowing traders to take advantage of market opportunities. The platform is designed to cater to both beginner and experienced traders. It offers a user-friendly interface and advanced trading tools. Traders can access the platform and trade forex using the iFOREX website or its mobile app. iFOREX also provides educational resources and personal training to its users. It offers private training, guides, tutorials, and a demo account. These resources are designed to help traders understand how CFDs work and manage the risks associated with trading. In addition to its trading and educational offerings, iFOREX also provides other features such as trading signals, live charts, an economic calendar, and trading sentiment. These tools can help traders stay informed about market events and trends. iFOREX is a regulated broker, providing a secure trading environment. It has over 25 years of market experience and serves clients all over the world. The platform processes thousands of transactions daily and supports multiple languages. In summary, iFOREX is a comprehensive trading platform that offers a wide range of financial instruments, advanced trading tools, educational resources, and a user-friendly interface. It caters to both beginner and experienced traders, providing them with the resources and support they need to navigate the forex market.

What is the Review Rating of IFOREX?

What are the Pros of IFOREX?

iFOREX is a well-regarded platform in the world of online trading, offering a variety of advantages that make it an attractive option for both novice and experienced traders. Here are some of the key benefits:. Regulation and Security: iFOREX is regulated by the international regulator BVI FSC. , ensuring a secure trading environment. This regulation provides traders with peace of mind, knowing that they are trading with a reliable and trustworthy broker. Wide Range of Financial Instruments: iFOREX offers a wide range of over 800 financial instruments. This includes 90 currency pairs, commodities, indices, ETFs, and crypto-based CFDs. Such a broad selection allows traders to diversify their portfolio and find opportunities across various markets. User-Friendly Trading Platform: iFOREX provides a proprietary trading platform that is user-friendly and supports 11 languages. This makes it accessible to traders around the globe. Educational Resources: iFOREX offers a wealth of educational resources for forex traders, including video guides and chart reading tools. These resources can help traders improve their trading skills and make informed decisions. 24/7 Service and Support: One of the main advantages of using iFOREX is around the clock service and support. This ensures that traders can get the help they need, whenever they need it. Reduced Transaction Costs: iFOREX has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of iFOREX with greater flexibility and more control. Real-Time Monitoring: Users have the ability to monitor their investments in real time. iFOREX offers stock quotes and trade information, making it easy for users to view how their investments are doing. Please note that while iFOREX offers many advantages, it’s important for each trader to consider their individual trading goals, risk tolerance, and investment needs before choosing a trading platform. As with all forms of trading, there is a risk involved, and it’s crucial to understand these risks before starting to trade.

What are the Cons of IFOREX?

Here are some of the disadvantages of iFOREX:. High Spread: iFOREX has a high spread starting from 1.8 pips. This means that the difference between the buying and selling price is relatively high, which could impact the profitability of trades. Minimum Deposit: The platform requires a minimum deposit of $100. This might be a barrier for beginners or those who want to start trading with a smaller amount. Trading Restrictions: iFOREX has restrictions on certain trading strategies such as scalping and algorithmic trading. This could limit the trading options for users who prefer these strategies. Lack of Passive Income Opportunities: iFOREX does not offer opportunities for passive income through investments in PAMM accounts and ready-made investment portfolios. This means that users cannot earn income by investing in the trading activities of more experienced traders. Limited Trading Platform: iFOREX does not offer MetaTrader4 or other common trading platforms. Instead, it only offers its own platform, FXNetTrader. This could be a disadvantage for traders who are accustomed to the features and interfaces of other platforms. Account Currency: iFOREX only allows trading in USD. This could be inconvenient for traders who wish to trade in other currencies. Please note that while these points highlight some of the potential disadvantages of iFOREX, the suitability of any trading platform depends on the individual trader’s needs and circumstances. It’s always recommended to thoroughly research and consider multiple platforms before making a decision.

What are the IFOREX Current Promos?

iFOREX, a leading online trading platform, offers a variety of promotional packages to its users. Here are some of the current promotions:. Welcome Package: iFOREX provides a welcome package for new users. This includes a trading bonus of 50% on your first deposit, and an additional 50% trading bonus when you upload the required documents. This effectively allows you to trade with 100% more funds. Educational Resources: iFOREX offers a range of educational resources to help users improve their trading skills. These include 1-on-1 training, guides, video tutorials, a demo account, and educational articles. For those who want more, iFOREX also offers a Pro Package that includes advanced 1-on-1 training, free trading signals, tight spreads, dedicated articles, and more. Referral Bonus: iFOREX rewards users who refer their friends to the platform. You can enjoy up to $300 in trading bonuses for every friend you bring to iFOREX, once they make a confirmed deposit. Please note that terms and conditions apply to these promotions, and it’s important to read and understand these before participating.

What are the IFOREX Highlights?

iFOREX is a regulated and secure broker with over 25 years of market experience. It offers a proprietary trading platform and app. Here are some of the highlights:. Personal Attention and Support: iFOREX provides personal attention and the support needed for a better trading experience. This includes private training, guides, tutorials, and a demo account. Wide Range of Financial Instruments: iFOREX offers the opportunity to trade in over 750 CFDs, including stocks, commodities, currencies, indices, ETFs, and cryptocurrencies. Leverage and Spreads: iFOREX provides leverage up to 30:1 and competitive spreads. Customer Base and Transactions: The iFOREX Group has serviced over 8 million total users across more than 100 countries, with over 35,000 daily transactions. Training and Education: iFOREX offers dedicated educational material, top charts, insights, and live market information. They also provide 1-on-1 training sessions, guides, videos, and news articles. Demo Account: iFOREX offers a demo account where you can practice risk-free trading with up to $5,000. Trading Tools: iFOREX provides decision-assisting trading tools such as trading signals, live charts, an economic calendar, and various indicators. Please note that trading in CFDs carries a high risk due to leverage, and 74.08% of retail investors lose money when trading CFDs with this provider. It’s important to understand how CFDs work and whether you can afford to take the high risk of losing your money.

Is IFOREX Legit and Trustworthy?

iFOREX is a well-known online trading platform that offers a wide range of tradable instruments. However, the legitimacy and trustworthiness of any online trading platform, including iFOREX, can be subjective and depends on various factors. Here are some key points to consider:. Regulation: iFOREX is regulated by CySEC (Cyprus Securities and Exchange Commission). This regulation provides a certain level of assurance as it means the platform must adhere to specific standards and practices set by the regulatory body. User Reviews: User reviews can provide valuable insights into the experiences of others who have used the platform. Some users have reported positive experiences with iFOREX, mentioning successful deposits and withdrawals, and a good variety of trading instruments. However, like any platform, there are also negative reviews. Trading Conditions: iFOREX offers a variety of trading instruments, and users have access to several e-wallets for transactions. The minimum deposit is 100 USD. , and they offer a variety of tradable instruments. Security Measures: iFOREX is covered by the Investor Compensation Fund, which provides additional security for investors. Website Trust Score: Websites like Scamadviser provide trust scores for online platforms. iFOREX has received a trust score of 68. , indicating a certain level of trustworthiness. However, it’s important to note that while these factors can contribute to the platform’s legitimacy, they do not guarantee it. Online trading involves risk, and it’s crucial for individuals to conduct thorough research and consider seeking advice from financial advisors before engaging in trading activities. It’s also worth noting that the platform’s performance and user experience can vary based on individual circumstances and market conditions.

Is IFOREX Regulated and who are the Regulators?

iFOREX is indeed a regulated entity, and it operates under the supervision of multiple regulatory bodies. This is a crucial aspect for any financial institution, as regulation ensures the broker operates legally and guarantees the fulfillment of its obligations to traders. Regulatory Bodies. iFOREX is regulated by the following authorities:. Cyprus Securities & Exchange Commission (CySEC): iFOREX’s European branch is supervised and holds a license issued by CySEC. Financial Services Commission of the British Virgin Islands (BVI FSC): The iFOREX broker is part of Formula Investment House Ltd., which received a license from the BVI FSC. Financial Conduct Authority (FCA): iFOREX is also regulated by the FCA in the UK. About iFOREX. iFOREX was created by a group of bankers and Forex dealers in 1996. In 2004, the company introduced its trading platform. The broker seeks to ensure full protection of its clients’ capital and offers favorable conditions for active trading. Trading Conditions. Here are some key trading conditions at iFOREX:. Account currency: USD only. Minimum deposit: $100. Leverage: Up to 1:400. Spread: From 1.8 pips. Instruments: 90 currency pairs, commodities, indices, ETFs, and crypto-based CFDs. Advantages and Disadvantages. Advantages of trading with iFOREX include license availability from international regulators, a wide range of 800+ financial instruments, and support in 11 languages. However, there are some disadvantages such as a high spread from 1.8 pips, a minimum deposit of $100, and trading restrictions on scalping and algorithmic trading. In conclusion, iFOREX is a regulated broker that offers a wide range of trading instruments and has certain advantages and disadvantages. As always, traders should conduct their own due diligence before deciding to trade with any broker.

Did IFOREX win any Awards?

Based on the available information, it is not clear whether iFOREX has won any specific awards. The search results do not provide explicit details about any awards won by iFOREX. For the most accurate and up-to-date information, it is recommended to check the official iFOREX website or contact iFOREX directly. Please note that the forex market is highly competitive and awards can be an important recognition of a broker’s performance and reputation. However, when choosing a forex broker, it’s also important to consider other factors such as the broker’s regulatory status, trading platform, spreads and commissions, customer service, and the range of available trading instruments.

How do I get in Contact with IFOREX?

Contacting iFOREX, a leading player in the forex market, is a straightforward process. They offer multiple channels of communication to cater to the diverse needs of their global clientele. Phone Support. iFOREX provides phone support from Monday to Friday, between 04:00-20:00 GMT. The general contact number is +357-252-04600. For technical support, you can reach them at +357-252-04694. They also have a dedicated line for compliance and documentation at +357-252-04668. For clients outside Cyprus, iFOREX has provided several country-specific numbers. For instance, clients in Austria can reach them at +43-720-902-397, while those in France can use +357-252-04701. Email Support. iFOREX maintains different email addresses for various departments. For general inquiries, you can email them at info@iforex.eu. For customer service related queries, you can write to cs@iforex.eu. Technical support can be reached at tech@iforex.eu. They also have dedicated email addresses for their dealing room (dealing@iforex.eu) and data protection officer (dpo@iforex.eu). Physical Address. If you wish to contact iFOREX via mail, their office address is: Corner of Agiou Andreou & Venizelou Streets, Vashiotos Agiou Andreou Building, Second Floor, P.O.B 54216, Limassol, Cyprus. Customer Service. iFOREX prides itself on its customer service. They believe in combining top technology with excellent customer service. If you have any questions or need assistance, they encourage you to reach out to them. Please note that while iFOREX is based in Cyprus, it does not have a physical presence in several countries, including the Netherlands, Spain, Hungary, Poland, Austria, Sweden, or Greece. Remember, trading in forex markets carries risks and is not suitable for all investors. It’s important to understand the risks involved and seek independent advice if necessary before starting to trade.

Where are the Headquarters from IFOREX based?

iFOREX, a leading online trading company, has its headquarters in multiple locations. The primary headquarters are situated at 15 Nikis St Syntagma Sq, Athens, Attica, Greece. This location serves as the central hub for the company’s operations. In addition to the primary headquarters in Greece, iFOREX also maintains a significant presence in the British Virgin Islands. The company’s office in the British Virgin Islands is located at Romasco Place Wickhams Cay 1 Road Town, 10557. Founded in 1996 by a group of bankers and Forex experts, iFOREX has grown to become one of the largest and most respected companies in the industry. The company offers trading platforms for web and mobile, and it provides a wide range of services, including personal training, attentive account managers, and advanced tools for trading. iFOREX is committed to ensuring the security of its clients. It uses encryption services such as firewalls and Secure Socket Layering (SSL), and it stores all client funds with leading banks for enhanced protection. The company also provides real-time margin protection and negative balance protection, ensuring that clients’ accounts can never go into minus. Please note that while iFOREX provides a platform for forex trading, it does not manage investment portfolios, nor does it engage in foreign exchange or other investment advice.

What kind of Customer Support is offered by IFOREX?

iFOREX, a leading online trading platform, offers a comprehensive customer support system to assist its clients in their trading journey. The support system is designed to cater to the needs of both novice and experienced traders, providing them with the necessary tools and resources to navigate the complex world of forex trading. Contact Information: iFOREX provides direct and personal customer service. Their customer service is available from Monday to Friday, 04:00-20:00 GMT. They have provided several contact numbers and email addresses for different departments: General: +30-210-374-2599 Technical Support: +30-210-374-2504 Customer Service: +30-210-374-2599 Management: +1-855-845-5883 Email Addresses: General: info@iforex.com Customer Service: cs@iforex.com Technical Support: support@iforex.com Trading Platform Support: monitorteam@iforex.com . Global Presence: iFOREX has a global presence and provides customer service worldwide. They have provided specific contact numbers for different countries including China, Egypt, India, Indonesia, Kazakhstan, Malaysia, Mexico, Philippines, South Africa, Switzerland, Taiwan, Thailand, and U.A.E. Knowledge Base: iFOREX has a comprehensive knowledge base that provides information on various topics such as general information about iFOREX and its services, how to open an account, trading, deposit, personal details, compliance & documents, training and educational material, demo account, password & login, withdrawals and closing an account, technical issues, technical FAQ, and remote technical assistance. Regulation: iFOREX is regulated by the Formula Investment House Ltd., an investment firm licensed and supervised by the British Virgin Islands’ Financial Services Commission under license no. SIBA/L/13/1060. In conclusion, iFOREX provides a robust customer support system that is designed to assist traders in their forex trading journey. Their support system includes a comprehensive knowledge base, a dedicated customer service team, and various contact options for traders around the world.

Which Educational and Learning Materials are offered by IFOREX?

IFOREX, a renowned online trading platform, offers a wide array of educational and learning materials to help both novice and experienced traders. These resources are designed to enhance understanding of the global markets, online trading, and the available trading tools. Online Trading Examples: IFOREX provides practical examples of how online trading works. For instance, they illustrate scenarios where you’ve invested a certain amount and explain the concept of leverage. Tutorial Lessons: IFOREX offers tutorial lessons as part of their educational materials. However, access to these lessons may require a subscription, and users may need to contact IFOREX support for renewal if their subscription has expired. Extensive Library of Educational Materials: IFOREX boasts an extensive library of educational materials. This library includes eBooks, webinars, tutorial videos, and FAQs. These resources are aimed at helping traders of all levels sharpen their skills. In conclusion, IFOREX’s educational and learning materials provide a comprehensive and practical guide to forex trading. They offer a blend of theoretical knowledge and practical examples, making it easier for traders to understand and navigate the complex world of forex trading. Please note that the availability and specifics of these resources may vary based on local regulations and the user’s subscription status.

Can anyone join IFOREX?

Joining iFOREX is a straightforward process that is open to individuals interested in trading Index, commodity, forex, share, crypto, and ETF CFDs. Registration Process The registration process involves providing your full name, email, password, and phone number. After registration, you will receive a free 1-on-1 training session. Support and Training iFOREX places a strong emphasis on support and training for its users. They offer personal attention, private training, guides, tutorials, and a demo account. This support is designed to provide a better trading experience and to guide users who may feel lost in the sea of information. Welcome Bonus New users can benefit from a welcome bonus of up to 100%. This bonus can provide a significant boost to your initial trading capital. Trading Room iFOREX also offers a Trading Room where you can watch and follow real, independent traders in action. This can be a valuable learning experience, especially for new traders. Green Investing In an effort to promote sustainable practices, iFOREX plants new trees in the Amazon forest on behalf of users who fund their accounts. This initiative allows you to contribute to environmental conservation while growing your investments. Wide Range of Financial Instruments iFOREX offers a wide range of financial instruments for trading. Users can choose from over 750 CFDs, providing ample market opportunities. Global Presence iFOREX has a significant global presence, with over 8 million total users, servicing over 100 countries, and supporting over 16 languages. Regulation and Security iFOREX is a regulated and secure broker with over 25 years of market experience. This provides reassurance to users about the safety and reliability of the platform. Why Choose iFOREX Many clients all over the world choose to trade with iFOREX due to their comprehensive support, proprietary trading platform and app, and the free 1-on-1 training with a training coach. Please note that while iFOREX is open to individuals interested in online trading, it’s important to understand the risks involved with trading financial instruments. Always do your own research and consider seeking advice from a financial advisor before starting to trade.

Who should sign up with IFOREX?

iFOREX is a reputable platform that caters to a wide range of traders. Here are some categories of individuals who might find iFOREX beneficial:. Experienced Traders: iFOREX is a good choice for traders who have a reasonably higher risk appetite. This broker operates as an offshore broker out of the British Virgin Islands. It offers a proprietary trading platform, rather than using a third-party interface such as MT4 or MT5. The platform is fully customizable, easy to navigate, and supports trading from multiple devices. It includes live trading charts, multiple indicators, and is equipped with trading signals and an economic calendar. Novice Traders: iFOREX offers excellent training for novice traders. As a member of the iFOREX Group, they bring over 25 years of experience, cutting-edge technology, and personal service, specifically designed for active investors. They provide free 1-on-1 training with a training coach. Diverse Asset Traders: iFOREX prides itself on a diverse range of tradeable assets including shares & indices, such as the Dax and VIX, in addition to ETFs and commodities. Currency trading is available on over 90 currencies. Popular crypto pairs including Bitcoin, Ethereum, and Ripple are also available. Global Investors: iFOREX operates in 15 languages and 159 countries worldwide, including India, the Philippines, Venezuela, and Greece. The company boasts over 20 years of industry experience and 6.4 million clients. In conclusion, iFOREX is a regulated broker for professional traders with capital reserves who independently trade on the Forex market. It seeks to ensure full protection of its clients’ capital and brings to the table the most favorable conditions for active trading. However, potential users should be aware of the high spread and the minimum deposit of $100.

Does IFOREX offer Discounts, Coupons, or Promo Codes?

Yes, iFOREX does offer discounts, coupons, and promo codes. Here are some of the offers that are available:. 20% Off: iFOREX offers a discount of up to 20% off. This deal is a great way to save on your purchases at iFOREX. Free Shipping: iFOREX also provides a free shipping deal. This offer is available to all customers. Promo Codes, Deals, and Offers: You can check out iFOREX’s official web store for their latest promo codes, deals, and offers. This is a great way to find hot savings for your online shopping at iFOREX. Extra Discount for New Customers: New customers at iFOREX can get extra discounts and sales. This is a great way to save more on your purchases. Membership Offers: By joining the membership of iFOREX, you can get the latest news and offers. This is a great way to stay updated with the latest deals and save more. Extra Savings: iFOREX offers extra savings through their promo codes. This is a great way to enjoy price reductions on your purchases at iFOREX. Average Discount: iFOREX offers an average discount of $23.78 on deal products. This is a great way to save more on your purchases. Please note that these offers are subject to change and it’s always a good idea to check their official website for the latest deals. Also, the availability of these offers may vary based on your location and the specific terms and conditions of iFOREX.

Which Account Types are offered by IFOREX?

iFOREX, a pioneer in the forex brokerage industry since its establishment in 1996, offers a variety of accounts tailored to meet individual needs. The company’s popularity has remained undiminished due to its abundant product offerings, low transaction costs, and the ease of high-leverage trading. The Standard Mini account and the VIP account are the two main types of accounts provided by iFOREX. Each account type has its own set of conditions for commission, margin call, leverage, and minimum deposits. The Standard Mini account is designed for traders who are new to the forex market or those who prefer to trade smaller volumes. The VIP account, on the other hand, is tailored for experienced traders and offers more features and services. One of the distinctive features of iFOREX is its trading platform. Unlike many other brokers, iFOREX does not use MetaTrader (MT4, MT5) as its trading platform. Instead, it offers its own original tool, available in both web version and a smartphone app version. This platform is as simple and easy to use as MT4 and MT5. Another notable feature of iFOREX is its Stop Out Level, which is set at 0%. This means that trades will endure until the margin becomes zero. This feature, combined with a maximum leverage of 1:400, is particularly popular with traders who aim for big profits while making full use of leverage, even with a small margin. iFOREX also implements a Negative Balance Protection system. , ensuring that traders cannot lose more money than they have deposited into their accounts. This feature provides an additional layer of risk management for traders. In terms of costs, iFOREX offers very narrow spreads. This means that the cost of trading is lower compared to brokers with wider spreads. Additionally, iFOREX does not charge any commission fees. , further reducing the cost of trading. The minimum deposit for an iFOREX account is $100. This makes it accessible for traders with varying levels of capital. However, it’s important to note that while iFOREX allows scalping trading. , it does not allow the use of EA (Expert Advisor) tools. In summary, iFOREX offers a range of account types, each with its own unique features and benefits, to cater to the diverse needs of forex traders. Whether you’re a beginner or an experienced trader, iFOREX has an account type that can suit your trading needs.

How to Open a IFOREX LIVE Account?

Opening a live account with iFOREX is a straightforward process that can be completed in a few simple steps. Here’s a detailed guide:. Step 1: Visit the iFOREX Website The first step to open a live account with iFOREX is to visit their official website. Step 2: Click on the Register Button Once you’re on the iFOREX website, locate and click on the “Register” button, which is usually at the top of the page. Step 3: Complete the Registration Form You’ll be presented with a registration form. Fill out the form with your details. Step 4: Read and Agree to the Trading Agreement After filling out the form, you’ll need to read and agree to the Trading Agreement. Make sure to understand the terms and conditions before proceeding. Step 5: Register with Social Credentials (Optional) iFOREX also offers the option to register using your social credentials, if this option is available in your region. This can make the registration process quicker and easier. Step 6: Note Down Your Username and Password Upon successful registration, you’ll be presented with your Username and Password for future logins. Make sure to note these down and keep them safe. Step 7: Log in to the Trading Platform With your new Username and Password, click the “login” button to enter the trading platform. Step 8: Make a Deposit The final step to complete the opening of your account is to make a deposit. The deposit amount should meet or exceed the company’s stated minimum deposit amount. It’s important to note that there are no fees involved with registering, opening, or closing an account with iFOREX. iFOREX offers traders a variety of accounts designed to suit individual needs. For more information on account types and recent offers, it’s recommended to contact their customer support. Once these steps are completed, you’ll have successfully opened a live account with iFOREX and can start trading.

How to Open a IFOREX DEMO account?

Opening a demo account with iFOREX is a straightforward process that allows you to practice trading in a risk-free environment. Here’s a step-by-step guide:. Step 1: Register for a Real Trading Account To get a demo account, you first need to register for a real trading account. This involves providing your personal details such as your name, email address, and contact number. Step 2: Activate Your Account After registration, you need to deposit funds to activate your account. This step is necessary even if you only intend to use the demo account. Step 3: Access the Demo Account Once your real trading account is activated, a demo account will be created for you. You can then start practicing trading without risking real money. Step 4: Practice Trading The demo account comes with a virtual balance that you can use to practice trading. It offers the same features as the real trading account, allowing you to familiarize yourself with the platform and its functionalities. Step 5: Contact Customer Service If you have any questions or issues regarding your demo account, you can contact iFOREX’s customer service. They can provide assistance and help you make the most of your demo account. Remember, the purpose of a demo account is to provide a safe space for you to practice and learn about forex trading. It’s an invaluable tool for beginners and experienced traders alike, allowing you to test trading strategies and gain confidence before trading with real money. Happy trading!.

How Are You Protected as a Client at IFOREX?

As a client at iFOREX, you are protected in several ways:. 1. Information and Disclosures: A retail client at iFOREX is entitled to more information and disclosures about iFOREX, its services, investments, financial instruments, their performance, the nature and risks of financial instruments, costs, commissions, fees, charges, and the safeguarding of client financial instruments and client funds. This includes summary details of any relevant investor compensation or deposit guarantee scheme. 2. Appropriateness Assessment: iFOREX asks retail clients to provide information regarding their knowledge and experience in the investment field relevant to the specific type of product or service offered. This enables iFOREX to assess whether the investment service or product envisaged is appropriate for the client. If iFOREX considers that the product or service is not appropriate for a retail client, it will warn the client accordingly. 3. Best Execution: When executing orders, iFOREX must take all reasonable steps to achieve the best possible result for their clients. For retail clients, the best possible result is determined in terms of the total consideration, representing the price of the financial instrument and the costs related to execution. This includes all expenses incurred by the client which are directly related to the execution of the order. 4. Confirmation of Execution: iFOREX sends a notice to a retail client confirming execution of the order as soon as possible and no later than the first business day following execution. 5. Data Security: Sensitive client information is passed through encryption services such as firewalls and Secure Socket Layering (SSL). 6. Segregation of Funds: All client funds are stored with leading banks for enhanced protection and are completely separated from company capital. Please note that there are trading restrictions on scalping and algorithmic trading at iFOREX. Also, broker’s clients cannot receive passive profit through investments in PAMM accounts and ready-made investment portfolios.

Which Funding methods or Deposit Options are available at IFOREX?

IFOREX, a renowned online trading platform, offers a variety of funding methods for the convenience of its users. These deposit options are designed to facilitate both online and offline transactions, ensuring a seamless trading experience. Bank Wire: This traditional method of transferring funds is widely accepted at IFOREX. Users can wire funds directly from their bank account to their IFOREX account. However, it’s important to note that bank wire transfers usually take between 3 and 5 business days to appear in the user’s account. Credit Card and Debit Card: IFOREX supports deposits made through both credit and debit cards. This provides a quick and convenient way for users to fund their accounts. However, users may occasionally receive a failure message when trying to deposit funds using a card. This could be due to insufficient funds on the card or reaching the maximum amount of credit cards one may deposit funds with. eWallets: In the digital age, eWallets have become a popular method for conducting online transactions. IFOREX accepts deposits made through various eWallets such as CashU, Alipay, Neteller, PayPal, and Skrill. If a deposit made from an eWallet account does not appear in the user’s IFOREX account, the user is advised to send a proof of deposit for further checks. It’s worth noting that the availability of these payment providers may vary according to the user’s location. Regardless of the method chosen, IFOREX strives to provide a smooth and efficient deposit process for all its users.

What is the Minimum Deposit Amount at IFOREX?

The minimum deposit amount required to open a real trading account with iFOREX is $100. This is relatively low compared to many other brokers in the industry, making it an affordable option for most traders. This initial investment can be leveraged by up to 400 times (depending on the instrument and when permitted by local regulations) to trade with a value of up to $40,000. Leverage is a popular tool in forex trading as it increases the trading potential. However, it’s important to note that while leverage can increase potential profits, it also increases risk. Therefore, it’s up to the trader to decide what level of leverage to use and to define their own risk level. The minimum deal size at iFOREX is about $2,500 (or equivalent in other currencies). It’s also worth noting that the deposit activation can take up to 72 hours until the trader is verified. iFOREX facilitates deposits made both online and offline for your convenience. The options include Bank Wire, Credit Card, Debit Card, and eWallets such as CashU, Neteller, Skrill, and PayPal. Payment providers may vary according to your location. While iFOREX does not charge deposit fees, for withdrawals a charge by payment providers may incur, up to $20 bank fee for wire transfer might apply, depending on the payment method and withdrawal size. In conclusion, iFOREX offers a low barrier to entry with a minimum deposit of $100, a variety of deposit methods, and the potential for high leverage. However, as with all forex trading, it’s important for traders to understand the risks involved and to trade responsibly.

Which Withdrawal methods are available at IFOREX?

At iFOREX, the process of withdrawing funds is designed to be straightforward and secure, ensuring a smooth transaction experience for all users. Here’s a detailed step-by-step guide on how to withdraw funds from your iFOREX account:. Login to your account: The first step in the withdrawal process is to log in to your iFOREX account. Navigate to the ‘Withdrawal’ section: Once logged in, click on ‘Withdrawal’ in the ‘My Account’ tab of the upper Menu bar. Fill in the Withdrawal Request fields: You will need to fill in the necessary fields in the Withdrawal Request form. Print and sign the form: After filling in the details, you will need to print the document, sign it, and send it to iFOREX. You can use the secured ‘Upload Document’ system on the platform to send the signed document. Wait for the funds to be returned: Once the completed form is received, your funds will be returned to the credit card you used or to your bank account. Please note that the receipt of the requested withdrawal funds may take up to 28 working days, depending on the clearing solution you funded your account with. Please note that the withdrawal will be processed only if you fulfilled all the registration conditions, in particular the sending of the required identification documents and completion of the questionnaires. iFOREX refunds the money back to the card/s you initially deposited with. Any additional funds you withdraw (profits), will be wired back to a bank account of your choice that is in your name. Please note that back charges of up to $20 may be applied and deducted from the withdrawals wired to your bank account. In terms of withdrawal methods, iFOREX offers several options. Credit/Debit Card: iFOREX does not charge any fees on top of the charges applied by your payment service provider. E-Wallets: iFOREX does not charge any fees on top of the charges applied by your payment service provider. Bank/Wire Transfer: iFOREX does not charge any fees on top of the charges applied by your payment service provider. Prepaid Card: This is another option available for users. Remember, it’s always important to ensure that all your account details are up-to-date and accurate to avoid any potential issues or delays with your withdrawal. If you have any questions or concerns about the withdrawal process, don’t hesitate to reach out to iFOREX’s support team for assistance.

Which Fees are charged by IFOREX?

IFOREX, a well-known online trading platform, offers a variety of financial instruments for trading. It’s important to understand the fees associated with using their services. Here’s a detailed breakdown:. Trading Fees: IFOREX offers commission-free trading. This means that they do not charge any fees on the trades you make. This is a significant advantage for traders as it allows them to maximize their potential profits. Spreads: The platform operates on a spread basis. Spreads are competitive and there is no discount offered for large trading volumes. Spreads on major currency pairs, such as the EUR/USD, are very low. Account and Deposit Fees: There are no fees involved with registering, opening, or closing an account with IFOREX. Additionally, IFOREX does not charge any deposit fees. This makes it cost-effective for traders to start and maintain their trading accounts. Withdrawal Fees: While IFOREX itself does not charge any fees for withdrawals, charges may be applied by your payment provider. The exact amount would depend on the payment method and withdrawal size. Inactivity Fees: IFOREX charges an inactivity fee of $15 per quarter. This fee is applied to accounts that have been dormant for 12 months. Traders should ensure they remain active to avoid this fee. Swap Fees: IFOREX charges swap fees, or overnight fees. A swap or rollover fee is the net interest return on a currency position held overnight by a trader. However, these fees are relatively low and competitive. For Muslim traders, the broker offers an Islamic account, also referred to as a swap-free account, which allows them to avoid this type of interest as it is prohibited by Sharia law. It’s important for traders to be aware of these fees when considering IFOREX as their trading platform. Always remember to read the terms and conditions carefully before starting to trade.

What can I trade with IFOREX?

iFOREX is a comprehensive trading platform that offers a wide variety of asset classes for trading. Here’s a detailed overview:. 1. CFDs on Shares iFOREX offers Contracts for Difference (CFDs) on numerous shares from multiple regions and industries. This allows traders to speculate on the price movements of these shares without owning the underlying assets. 2. Currencies In addition to share trading, iFOREX also provides an array of tradable currency pairs. These range from major and more popular pairs, to exotic currencies that are far less common. 3. Commodities Commodity trading is another option available at iFOREX. This includes a wide range of commodities such as precious metals, energy products, and agricultural goods. 4. Indices Traders can also trade on the price movements of various global indices. This allows exposure to entire sectors of the economy. 5. Cryptocurrencies iFOREX also offers trading in popular cryptocurrencies. This includes Bitcoin and other major digital currencies. 6. ETFs Exchange-Traded Funds (ETFs) are also available for trading at iFOREX. ETFs are investment funds traded on stock exchanges, much like individual stocks. The iFOREX platform is user-friendly and secure, equipped with an Economic Calendar, Trading Signals, advanced live charts, and indicators. It supports trading from multiple devices and offers free 1-on-1 training. This makes it a suitable choice for both beginners and experienced traders.

Which Trading Platforms are offered by IFOREX?

iFOREX offers a variety of trading platforms, each designed to cater to the needs of modern traders. These platforms are proprietary, fully-customizable, and have been developed based on over 25 years of market experience. Web Trading Platform The web trading platform provided by iFOREX operates smoothly and securely on any standard computer, with no download required. It provides maximum freedom, allowing traders to access their account from a variety of different devices and to open or close deals instantly and easily. Mobile Trading Platform iFOREX also offers an optimal mobile trading experience. Traders can access their accounts from any mobile device, whenever they choose. The iFOREX app, available for free on the App Store and Google Play, has already been downloaded over 150,000 times. Trading Tools iFOREX clients can access a variety of trading tools designed to assist them in trading and making decisions. These include trading charts for following past performance and making informed decisions, and market signals provided by an independent source, featuring market trends. Tradable Instruments The iFOREX platform offers hundreds of tradable CFDs from multiple regions and industries. This selection allows traders to easily diversify their trading portfolio, while finding the instrument they want quickly and efficiently. Security and Regulation The iFOREX trading platform offers a secure, regulated trading environment. It includes advanced live charts and indicators and can be customized according to traders’ needs. User Experience The iFOREX platform is user-friendly and intuitive. It supports trading from multiple devices. and offers free 1-on-1 training. In conclusion, iFOREX provides a comprehensive suite of trading platforms and tools, catering to the needs of modern traders in the forex market. Whether you prefer trading from your computer or on the go, iFOREX has a solution for you.

Which Trading Instruments are offered by IFOREX?

iFOREX, a leading online trading platform, offers a wide range of trading instruments to its clients. These instruments are designed to cater to the diverse needs of traders and provide opportunities for portfolio diversification. 1. Currency Pairs CFDs: The Forex market is the largest financial market in the world, operating five days a week. At iFOREX, you can invest in a selection of currency pairs with leverage of up to 30:1 and benefit from very tight spreads. The variety of currency pairs from all over the world allows for portfolio diversification, alongside the trading tools needed to manage your movements from anywhere you choose. 2. Commodity CFDs: Trading commodities in the form of CFDs allows you to take advantage of price fluctuations on a wide variety of popular commodities, as underlying assets. iFOREX’s selection of commodity CFDs include precious metals, energy assets and agricultural commodities among others, which you can trade using cutting-edge trading tools. 3. Indices CFDs: Invest in well-known indices in the form of CFDs such as the US 30, which follows the performance of the Dow Jones Industrial Average future index. You can also trade the US 500 (based on the performance of the S&P 500 Future index), the Germany 40 (DAX future index) and many others. 4. Share CFDs: Share CFD trading is a great way to diversify your portfolio and expose it to different markets. iFOREX currently offers share CFDs from numerous industries including tech, banking, aviation, food and beverage, automobile, energy and clothing and they continue to add new instruments regularly. In addition to these, iFOREX also offers hundreds of tradable CFDs from multiple regions and industries. The selection of tradable instruments allows traders to easily diversify their trading portfolio, while finding the instrument they want quickly and efficiently. It’s important to note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Therefore, traders should consider whether they understand how CFDs work and whether they can afford to take the high risk of losing their money.

Which Trading Servers are offered by IFOREX?

IFOREX, a leading player in the forex trading industry, offers its clients a unique and robust trading experience through its proprietary trading platform. This platform is designed with the modern trader in mind, providing a user-friendly, intuitive, and secure trading environment. The IFOREX trading platform is equipped with an Economic Calendar and Trading Signals, and includes advanced live charts and indicators. It can be customized according to traders’ needs. This platform supports trading from multiple devices. , ensuring that traders can access their accounts from any mobile device, whenever they choose. For those who prefer trading from their computer, this versatile platform operates smoothly and securely on any standard computer – no download required. The IFOREX platform offers hundreds of tradable CFDs from multiple regions and industries. The selection of tradable instruments allows traders to easily diversify their trading portfolio, while finding the instrument they want quickly and efficiently. Unlike other trading platforms, the IFOREX platform is a proprietary solution, created in-house and improved using real clients’ experience and feedback. The platform was built relying on over 25 years of market experience and is constantly enhanced and updated to fit the needs of modern, informed traders. In addition to its web-based platform, IFOREX also offers a mobile trading experience through the IFOREX app, which is available for free on the App Store and Google Play. Overall, IFOREX provides a secure, regulated trading environment for its clients, offering a wide range of tradable instruments, advanced trading tools, and dedicated customer support.

Can I trade Crypto with IFOREX? Which crypto currencies are supported by IFOREX?

Yes, you can trade cryptocurrencies with iFOREX. iFOREX offers the opportunity to trade various cryptocurrencies in the form of Contract for Differences (CFDs), allowing traders to invest in their price without having to physically buy them. Cryptocurrencies Supported by iFOREX. iFOREX supports a variety of cryptocurrencies for trading. Some of the most popular ones include:. Bitcoin (BTC). Ether (ETH). Dogecoin (DOGE). Shiba Inu (SHIB). Bitcoin Cash (BCH). Litecoin. Solana. Chainlink (LINK). Features of Crypto Online Trading at iFOREX. Trading cryptocurrencies at iFOREX comes with several features:. You can trade various cryptocurrencies in the form of CFDs without having to physically buy them. You can boost your trading power using leverage trading (where permitted by local regulations). You have access to free information resources – market news, updates, daily analysis, and more. Conclusion. Online crypto trading is a new avenue of trading with instruments that have a lot of room for growth. They are not as exposed to countries’ or central banks’ policies. As you do crypto online trading as a CFD, you can leverage your trades, to increase the risk and also increase the possible gains and losses. Crypto trading is still a volatile instrument market to trade in, so it’s smart to keep up with the news to decrease the risk through knowledge. Still, because crypto trading is relatively new, it has a lot of room for growth over time, and it’s an opportunity to diversify a portfolio with.

What is the Leverage on my IFOREX Trading Account?

Leverage in forex trading is the use of borrowed funds to increase one’s trading position beyond what would be available from their cash balance alone. This concept is very common in forex trading. By borrowing money from a broker, investors can trade larger positions in a currency. As a result, leverage magnifies the returns from favorable movements in a currency’s exchange rate. However, leverage is a double-edged sword, meaning it can also magnify losses. The forex market is the largest in the world with more than $5 trillion worth of currency exchanges occurring daily. Forex trading involves buying and selling the exchange rates of currencies with the goal that the rate will move in the trader’s favor. Investors use leverage to enhance the profit from forex trading. The forex market offers one of the highest amounts of leverage available to investors. Leverage is essentially a loan that is provided to an investor by the broker. The trader’s forex account is established to allow trading on margin or borrowed funds. Some brokers may limit the amount of leverage used initially with new traders. In most cases, traders can tailor the amount or size of the trade based on the leverage that they desire. However, the broker will require a percentage of the trade’s notional amount to be held in the account as cash, which is called the initial margin. The initial margin required by each broker can vary, depending on the size of the trade. If an investor buys $100,000 worth of EUR/USD, they might be required to hold $1,000 in the account as margin. Leverage in the forex markets can be 50:1 to 100:1 or more, which is significantly larger than the 2:1 leverage commonly provided on equities and the 15:1 leverage provided in the futures market. In the past, many brokers had the ability to offer significant leverage ratios as high as 400:1. This means, that with only a $250 deposit, a trader could control roughly $100,000 in currency on the global forex markets. However, financial regulations in 2010 limited the leverage ratio that brokers could offer to U.S.-based traders to 50:1 (still a rather large amount). This means that with the same $250 deposit, traders can control $12,500 in currency. So, the leverage on your IFOREX Trading Account would depend on the terms and conditions set by the broker, and it could potentially allow you to control a large amount of.

What kind of Spreads are offered by IFOREX?

iFOREX, a well-regarded forex and CFD broker, offers a range of spreads across various financial instruments. The broker operates with full transparency, allowing traders to know in advance the trading conditions available per financial instrument. Forex Spreads: iFOREX offers competitive spreads on Forex trading. The typical spread for Forex starts from 1.8 pips. For major currency pairs, such as the EUR/USD, the spreads are very low. Indices Spreads: For Indices, the spreads start from 0.6 on Japan 100. Shares Spreads: For trading on various popular shares, the spreads start from 1 pip. Additional Trading Fees: iFOREX charges swap fees, or overnight fees, which is an additional charge that traders should take into consideration. However, these fees are relatively low and competitive. A swap or rollover fee is the net interest return on a currency position held overnight by a trader. iFOREX also offers an Islamic account, also referred to as a swap-free account, which allows Muslim traders to avoid this type of interest as it is prohibited by Sharia law. Traders should note that the broker charges a $15 quarterly inactivity fee is charged to accounts that have been dormant for 12 months. While there are no deposit fees charged by the broker, for withdrawals, a charge may be applied by your payment provider, depending on the payment method and withdrawal size. It’s important to note that iFOREX does not charge a commission on trades. It does, however, make a profit from the spread. This makes iFOREX’s offering highly competitive all around.

Does IFOREX offer MAM Accounts or PAMM Accounts?

In the world of Forex trading, MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) accounts are two types of managed accounts that allow professional fund managers to manage multiple individual accounts from a single master account. MAM Accounts. MAM accounts are an excellent solution for managers who are looking to manage a portfolio of client investments with Forex brokers. The MAM account manager executes trades on behalf of all the individual accounts under their management simultaneously. This service allows investors to yield profits without trading and enables PAMM traders to earn additional income from managing attracted investments. PAMM Accounts. PAMM, also known as Percentage Allocation Money Management, is a form of pooled money forex trading. An investor gets to allocate their money in desired proportion to the qualified trader(s)/money manager(s) of their choice. These traders/managers may manage multiple forex trading accounts using their capital and such pooled money, with an aim to generate profits. IFOREX and Managed Accounts. Unfortunately, based on the information available, it is not clear whether IFOREX offers MAM or PAMM accounts. It is recommended to directly contact IFOREX or visit their official website for the most accurate and up-to-date information. In conclusion, both MAM and PAMM accounts offer a way for investors to participate in the Forex market without needing to be actively involved in trading decisions. They provide a platform where forex investors can invest their funds in accounts managed by experienced forex traders, also known as PAMM managers. However, it’s important to remember that while these accounts can potentially offer significant returns, they also come with their own set of risks and should be considered carefully.

Does IFOREX allow Expert Advisors?

iFOREX, a well-known player in the world of online trading, offers a variety of features to its users. However, when it comes to the use of Expert Advisors (EAs), iFOREX does not support this feature. EAs, also known as forex robots, are tools that automate trading based on certain criteria. They eliminate the need for traders to constantly monitor the market, as these tools can analyze the market and execute trades on behalf of the trader. This is particularly beneficial for traders who trade part-time or those who wish to optimize their trading strategies. However, iFOREX does not support the use of EAs. One of the reasons is that common EAs are designed to run on MetaTrader platforms (MT4, MT5), and iFOREX does not use these platforms. This means that EAs designed for MetaTrader cannot be used with iFOREX. Despite this, iFOREX offers a range of other features that can aid traders. For instance, it provides a proprietary trading platform and supports trading in a wide range of financial instruments. It also offers support in multiple languages, which can be beneficial for traders around the globe. In conclusion, while iFOREX offers a variety of features and tools for trading, it does not support the use of Expert Advisors. Traders who rely heavily on EAs may need to consider other platforms that support this feature.