Discover the multiple payment methods offered by iFOREX

By Natalie Hutchison

There are no bonuses here, but following ESMA, the company does everything to comply with the regulations. The conditions for trading here are not bad, but there is not enough demo account. And even this fact does not affect the reliability of the project, which is not in doubt.

If you are a new client with no market experience, iForex offers you a retail 1-on-1 online training program. When iForex was founded in 1996, the fair deposit methods and withdrawal options were limited to bank wire and bank transfer. With digital technology growing every day, iForex brokers support money transactions with a debit card, credit card, and e-wallets, even for the segregated account.

Most popular news

Clients can choose from a variety of trading software provided by brokers. This is sometimes referred to as a trading platform, and it is utilized to execute deals. If you are exploring options for the iForex trading platform, this write-up is an excellent read for you.

• That’s changed with the introduction of mini lots at 10,000 units ($10,000 when trading USD) and micro-lots at 1,000 units ($1,000 when trading USD).
• The most popular version is also likely to carry a narrower bid/ask spread, lowering trading costs.
• Clients have the opportunity to own shares from countries like India, Japan, Poland, Italy, France, South Korea, the United States of America, and many more.
• The platform is equipped with trading charts with several timeframes, indicators for Forex, customizable tools for each trader.
• Some of the most important things to consider are regulation, the level of security provided by these companies, and transaction fees.

There are various comments about the activity of iFOREX broker in the network. Negative is related to the delay in withdrawal of funds, although it often depends on the lack of operational work of payment systems. IFOREX customers also do not like the absence of a demo account, unavailability of all the tools declared by the company, and certain shortcomings of the trading platform.

Offer of the month

To open an iFOREX account, you will need to go through two simple steps. They will ask for your full name, email, phone number, official identity document, and proof of residence. After providing all the necessary information, they will contact you with your account credentials.

The majority of other information websites display prices of a single source, most of the time from one retail broker-dealer. You can also lookup iforex live rates the conditions page to check the list of accepted countries. However, not much information is available about the iForex office in India.

iFOREX trading conditions

To conclude, clients are quite satisfied with their user-friendly experience at the iforex as the company has more than 20 years of experience in the industrial vertical. One of the biggest assets of trading in forex with these brokers is the BVIFSC regulated entity that we learned from different user reviews. Broker’s another popular tool is mobile trading platforms in commodities where a trader is offered several retail asset opportunities to trade-in. IForex proprietary trading platform follows the trend of licensed marketing tools and instruments to attract a trader to the portal. One such new trend that iForex brokers are picking momentum is cryptocurrency. Forex markets, indeed, are a popular range of choices among investors, especially if they operate an export/import business.

It could also be a copy-pasted version from the CySEC-regulated entity, where brokers no longer offer in-house research or a third-party may provide them. IForex provides no information regarding account types, a significant failure by this broker. The only mention of a variety of options exists in the support section, where iForex asks interested potential traders to contact customer service for more details. Given this broker’s 20+ years of experience, this seemingly intentional absence of account information is unacceptable. It should be noted that iFOREX does not manage investment portfolios and does not advise users on international currency trading or other investment issues. All information on the site is provided to traders only for technical and fundamental analysis, as well as to assist in making responsible trading decisions.

Adding and withdrawing funds on your iFOREX account

Some of the video tutorial courses include the information on moving averages, common trading errors and much more. The educational section offers a variety of free educational materials such as e-books, tutorials, personalized video courses, numerous articles on trade topics and individual training. This way of learning allows you to learn the material at an individual pace that is comfortable for the customer. Free educational packages can be ordered simply by filling in the online form on iforex.com. The course for beginners contains full instructions on using the iFOREX platform and the advanced one provides professional Forex strategies for more experienced traders.