iForex Review – is iForex Scam or Legit Broker?

iForex

2.8

Rating

2.8/5

Pros

  • Tight spreads
  • Multiple tradable stocks
  • 3 Trading Platforms (Web, Mobile and PC)
  • 400 to 1 leverage

Cons

  • No Demo trading accounts
  • Listing of Deposit & Withdrawal options not clear
  • No MT4 stage

iForex delivers an Internet-based multi-level trading platform, catering to a large number and thousands of traders worldwide. Offering a state-of-the-art, userfriendly platform for mobile, PC and online trading, iForex traders like realtime store costs, tight spreads and margins.

Overview/Background

iForex came in to being in 1996 when Forex traders and investors met up to make among the most trusted companies on the planet. In its core, iForex delivers an Internet-based multi-level trading platform that suits a large number and thousands of traders worldwide. The business isn’t active in the everyday management of investment portfolios, investment information or foreign market – it eases trade-in money pairs, allowing customers to deal with their particular financial portfolios.

The business delivers a vast assortment of trading services having a state-of-the-art, userfriendly platform for both mobile, PC and online trading. Traders may take advantage of the very fact real-time store costs, tight spreads and margins enable maximization of trading whatsoever times. The business is a part and parcel of this iForex Group that’s just a European Union licensed thing. Secure Socket Layer technology (SSL) permits water-tight trades every single time you log in and trade on the web.

Account Types

There are a lot of diverse forms of accounts in iForex. These contain a Standard Account, a Protected Account, a Premium Account along with also an Islamic account. There are many intriguing options readily available to traders in iForex, for example, a secure account. This offers a week or two of trial trading – very like a demo account – however a $100 deposit is required before this feature could be retrieved. There’s full indemnification of declines beyond the 100 that’s been traded, and all benefits earned through the span is retained.

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Trading Platform/Software

Traders have usage of 3 exceptional kinds of trading platforms in iForex. Included in these are the cell platform, the online trading platform along with FXNet Trading Platform. The trading platform works off Windows and traders need to download the application and install it to their own PC. Among the others, the trading platform provides simple functionality, all features on a single screen, full customization of all trades and advanced charting features too. FXNet is appropriate to professional traders, together with Microsoft.net technology.

The online platform is ideally suitable for all those traders that wish to trade with no download. The online trading system runs right off your browser any browser without being forced to download and install some program. The online trading system provides 90 tradable tools, together with 128-bit secure SSL technology, anti-virus access direction without any downloading or setup required.

The currency trading platform would be your portable trading platform that’s compatible using Android and also iOS tablets and smartphones. The Forex trading platform comprises 90 money pairs, commodities, shares and indices, instant observation of rankings, swipe into close executions and complete personalization. With these trading platforms, both traders have use of complex trading signs, and financial calendars, graphs and store accounts. It ought to be described that iForex doesn’t offer you the MT4 trading platform – typically the very used Forex trading platform on earth.

Deposit Options

iForex takes the following payment methods: Visa, MasterCard, Skrill, Diners Club, PostePay, WebMoney, American Express, Visa Electron and cable transfer. Each one these obligations processing options are ensured secure, thanks of complex security methods, firewalls and SSL technology. Therefore, traders may enjoy hassle-free deposits and comprehensive reassurance. The Website is currently COMODO SECURE and VeriSign Secured.

Markets

iForex features trading in various financial devices including currencies, commodities, indices, and stocks. The Selection of currencies comprises EUR/USD, USD/JPY, GBP/USD, AUD/USD, EUR/JPY, GBP/JPY, NZD/USD, USD/CHF, along with USD/CAD. The listing of available products comprises petroleum, silver, gold, java, platinum and natural gas, legumes, corn and sugar.

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Indices at the Kind of CFDs Incorporate the Dow Jones, NASDAQ 100, DAX 30, Nikkei 225, 225, FTSE/MID 40, Nikkei 225, 225, FTSE 100, CAC-40, S&P 500, AEX 25, EURO STOXX50 and also the WIG 20. Indices might be traded together with as much as 200:1 leverage. Together with stocks, traders may trade Amazon, Coca-Cola, McDonalds, Facebook, Cisco, Apple, Google, IBM, Intel, Microsoft, Twitter, along with Pfizer. Money could be traded with leverage just as a lot of as 20:1.

Bonuses

The incentives are all recorded underneath the promotions of iForex.com. They comprise iForex VIP, Free 1-on-1 Personal Training, Mobile Trading and also an Education Package. The incentives offer is only going to be paid once the terms are fulfilled. Traders endure to appreciate a welcome bonus package up to $5,000 up on depositing and registering iForex. The business offers as much as $175 benefit from encouraging friends and family to join up, deposit and trade in the iForex.

Customer Support

iForex offers 24/5 live support for traders. The service options include live-chat manner that you may just put in your name, email speech and cell phone number, telephone and e-mail number. The customer care phone number is 36-1-8808-400. The technical support number is 36-1-8808-422. Support agents are professional and considerate all the time, a lot of like what you’d expect in a number of those pioneers in the internet trading stadium. Traders can very quickly access extra details regarding the trading programs, the provider, legal info and the educational parts on the web.

Safety

iForex, and also the professional services it includes, are wholly governed by several authorities. Back in Hungary, iForex drops underneath the HFSA (Licence # III/73.059/ / 2000). Concerning the privacy and safety of personal data, iForex Brokerage Ltd falls under the authority of this Protection of Personal Data & Disclosure of Personal Data of Public Interest. What’s more, the website offers SSL encryption using 128-bit secure socket layer technology, firewalls and obligations security. The website provides negative balance safety and also a fully guaranteed stop-loss.

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Ease of Use

iForex.com is in existence after all this mid-1990s. It’s evolved to be the major Forex trading platform on earth. Every one of those categories listed onsite is populated with articles – permitting simple trading and comprehension. Setting up a merchant account is actually a c1 – only enroll, confirm, deposit and trade. Using 3 kinds of trading programs on the market, it’s a c1 trading off your own web browser, installing and downloading, or moving mobile. Not having MT4 is noteworthy and a missed opportunity.

Final Thoughts

As stated earlier, iForex delivers top-tier trading over an extensive assortment of financial tools. These generally include stocks, Forex, indices and commodities. Alongside CFDs (Contracts for Difference) traders may enjoy high leverage, small pips, along with multiple tradable stocks. The website provides a window to the bustling world of Forex trading plus additionally eases the establishment of one’s own economic portfolio on the web. The educational components are worth their weight in golden and pay for 1 trading, an FAQ, How to Open a Deal, 3 Ways to Start and also an Education Center. The latter component covers interactive tutorials, lingo, webinars and videos, A-Z of both Forex trading and more. It’s fully comprehensive and didactic.

Internet Site:
www.iforex.com
Telephone:
30-210-374-2599
Legislation:
CySEC, BVIFSC, NB of all Hungary
Pairs provided:
90 such as USD/JPY, EUR/USD, USD/CHF, GBP/USD
Minimum Deposit:
$100
Spreads From:
3 PIPs
Max Leverage:
400:1
Markets:
Forex, Indices, Commodities, CFDs, Shares