iFOREX


Overall Score   How is this Calculated?

9.2

Ranks #7 of 29
In Reviews > iFOREX


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Details:

  • Min. Deposit: $100
  • Max. Leverage: 400:1
  • First Deposit Bonus:
  • Min. Lot Size: 0.02
  • Regulation: CySEC, PSZAF, FSC

  RATING

Ease of Access:
9.2
Reliability:
9.1
Support:
9.4
Payouts pct.:
9.1

  AWARDS

iFOREX Review – One of the Best Trading Sites Online?


The esteemed iFOREX is one of the leading trading brokers in the world and it's famous for its unique benefits and excellent trading experience. This is a site offers many tradable products including leading shares, commodities, indices, binary options and FX and they can all be traded in a single click. The company is regulated in the EU by the Cyprus Securities and Exchange Commission and it offers fast and secure payment methods. Most users can open an account with as little as $100 and there are many advanced tools that will appeal to both seasoned and inexperienced traders. 

 

One of iFOREX's major advantages is the negative balance protection policy that ensures that traders can never lose more than they invest. This is a very valuable safety feature in times of high volatility. iFOREX also offers its customers access to many informative tools including reports and advanced market orders, all designed to keep users updated and in control. The site offers hedging abilities, fixed tight margins and does not use margin calls, all are major advantages that mark it as one of the best trading sites around.

 

Available Platforms

 

iFOREX has than three dynamic platforms. The Web-platform is the ideal choice for people that want to access their account from different computers. The downloadable FXnet offers advanced options and can be customized to fit traders' needs. The Mobile Platform allows customers to trade on the go and it offers some innovative execution gestures.

 

Regulation and Security

 

As mentioned above, iFOREX is authorized and fully regulated in the EU by the Cyprus Securities and Exchange Commission (CySEC). Dealing with a regulated forex company is crucial because there are numerous frauds and scams online and users need to make sure that the site they are trading through is reliable. Moreover, by dealing with a regulated broker you know that all of your funds are completely secure because regulated companies are carefully monitored. The iFOREX Site uses 128 bit SSL encryption to ensure that your money is safe and all transactions are quick and secure.

 

Promotions

 

  • Cash Back – iFOREX gives users cash back for every deal they make. The more you trade, the more you get.
  • Free Education Package – It includes different tools that any investor needs to get started and to improve.

 

Minimum Deposit

 

The minimal deposit at iFOREX is $100 or €100, depending on your currency (with few exceptions).

 

Languages Available

 

The site is available in no less than 22 languages.

 

Trading Hours

 

You can trade on iFOREX.com 24 hours a day, weekends excluded.

 

Funding Options

 

The site accepts all major credit card, debit cards, Wire Transfer and E-wallets

 

Spreads

 

2-3 pips on EUR/USD

 

Trading Instruments

 

  • Shares
  • Commodities
  • Indices
  • Binary Options
  • Currencies

 

Available Features

 

As mentioned above, this site has a lot of tools that are designed to assist traders. Some are informative and some are technical and we will list some of the most interesting ones below.

 

  • Up to 400:1 Leverage
  • Negative Balance Protection Program – This is a fantastic policy that protects traders. No iFOREX investor can go into minus.
  • Advanced Market Orders
  • Daily Reports that cover the major events and news, offering an insights of potential market changes
  • Stop-loss will give you a better control of your account and will help you stay within your own fixed limits
  • Investors can open a new position by relying on future profit from other open positions
  • Special Limit Orders – Traders can place Limit Orders at better rates, which will lead to the cancelation of other orders once it is executed
  • A variety of educational E-books customized for different levels of investors
  • Online tutorials
  • A detailed economic calendar
  • Advanced trading signals – Traders can receive mobile updates regarding more than 60 currency pairs, leading indices and a variety of commodities
  • Market indicators and trading charts are available for free on the website. They offer a visual representation of changes and trends and they can be fitted to multiple time frames
  • Online Courses are available and very helpful for new traders or experienced investors who would like to improve
  • Trading Glossary is available on the site and will help newcomers understand the lingo and important terms
  • Hedging Abilities

 

Customer Support

 

There is no shortage of assistance at iFOREX and you can access the site in a variety of ways.

 

  1. Phone – The site lists quite a few tall free number for various countries as well the headquarter phone details.
  2. Email – Again, there is a long list of important contacts to choose from
  3. Fax – It is unclear who still uses fax nowadays, but if you prefer this communication method, there are several number available
  4. Live Support is available in multiple languages around the clock
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