iForex was registered in 1996 in Cyprus and was first mentioned as Forex broker in 2004. That year iForex presented its corporate trading platform and started to provide online trading services on Forex market.
iForex was founded by the group of experienced traders and bankers. Who on the basis of their rich experience created a brokerage firm aimed to deliver the most comfortable online trading conditions for traders.
Now, iForex is one of the largest Forex brokers. Company’s annual trading volume (as for 2015) makes few billions of United States dollars.
Client base consists of tens of thousands independent traders and investor throughout the world and has official representations in majority of financial centers.
Registered clients can work with the following trading instruments:
- Majors currency pairs;
- Raw materials;
- Binary options;
- CFD contracts;
Money Deposit and Withdrawal
iForex’s clients can deposit and withdraw money on/from trading account using following financial tools:
- Wire transfer;
- Western Union transfers;
- Visa and MasterCard credit/debit cards;
- Webmoney, Neteller, Skrill online payment systems;
- Qiwi e-purse.
iForex pays great attention to security tasks. Company’s experts together with the world’s largest banks developed additional security systems to protect payments from unauthorized access and fraud activity, performed by third parties.
Wire transfers and operations with credit/debit cards are executed during 3-5 business days. Company spends a lot of time on such operations to maximize security of clients’ funds.
Payments through online payment systems are performed during 1 business day.
Below you can find a list of financial regulation authorities that control iForex financial activities:
- British Financial Services Authority (FSA);
- Hungarian Financial Supervisory Authority (HFSA);
- Cyprus Securities and Exchange Commission (CySEC).
Company’s internal safety, confidentiality and information security programs were developed by its experts according to international rules and standards.
iForex uses reliable and time-tested methods to protect clients funds in force-majeure circumstances. One of them represents the possibility to open segregated account which allows to keep client’s money separated from company’s funds.
Thanks to close cooperation with leading hedge funds, company provides possibility to use different risk management and asset insurance programs.
Bonuses and Special Offers
Bonus and special offers package provided by iForex is not diversified. At the moment iForex has special offer, according to which client gets free training course after live trading account registration and depositing funds.
Trading Account Types
iForex provides possibility to trade using the following trading account types:
- Interest Free, Swap-free (Islamic) account;
- Standard account “Standard”;
- Protected account “Protected”;
- Premium account “Premium”.
Minimum deposit for Premium account is $200 USD, for the other types of accounts this sum is $100.
Beginners should turn their attention to the “Protected account”. This is unique account. It has functional requirements of demo-account. To activate this account, you should deposit at least $100 USD. It is unique, because trader gets compensation for losses during the period of 14 days (it is period of education and platform testing). At the same time money, gained by trader during this time, remain at his disposal. Every client can use this account type only once.
Trading Platform Types
iForex clients can trade on the corporate platform iForex Trading Platform. There are three versions of this platform:
- Basic version presents client an application, compatible with Windows. To work with this version, you have to install it on your PC;
- Web-based trading platform, which you can access through any browser;
- iForex Mobile Trading Platform. This platform allows to get access to the trading account through mobile devices.
This platform has its features:
- Extended complex charts;
- Unique indicators and advisors;
- Adjustable visualization.
iForex technical support service provides services 24/7. You can contact company’s experts in one of the following ways:
- Write an e-mail;
- Use multichannel phone;
- Use interactive website forum.
To communicate with support service experts, you can choose following languages:
Apart from high quality services through the “hotline”, iForex also pays great attention to beginners’ training education and level of expertise. To achieve these goals, company developed a range of training courses. Also iForex holds issue-related webinars on a regular basis.
Pros of Trading with iForex
Company has advantage which differentiates it from the other brokers – it is the high level of money transfer protection.
Precision and speed of currency pair quotes updates, which is independent from volatility of currency pair, is another advantage of this iForex.
Also there are more pros:
- No commissions;
- Narrow spreads;
- Wide hedging and risk management possibilities;
- Full margin usage: no margin calls.
Company doesn’t use standard demo-account. Also its technical support service feedback sometimes is inadequate and not always timely.
Commander007: Trading with this broker for 8 months. Trading conditions are quite ordinary. Orders are accurate, there are no requotes or slippage. It is reliable broker, it appreciates its reputation and does what says. No questions to withdrawing my earnings. Missing mt4 platform.
Curt Gram: Good and reliable broker. Pays timely and executes orders precisely. Trading platform is very convenient. Special thanks to platform developers. It is very powerful and easy to use product.
The word which characterizes iForex broker is “Optimized”. Even if you don’t know the history of the company, you understand that the main tendencies and rules, as far as the directions of the development priorities were set up by its highly qualified experts.
Everything is optimized. Trading platform and trading accounts. Trading instruments are also well-chosen.
All company’s resources are strictly concentrated to achieve the main goal – creation of comfortable conditions for Forex trading.