iFOREX Review
The iFOREX Group was founded in 1996 and has since then established itself as a leader in the Forex trading industry. 2004 was a major turning point for the company as iFOREX took a giant leap and launched its multi-lingual internet-based trading platform (available in 22 languages). Since then, iFOREX has dramatically expanded its client base, generating mass trading volume and providing vast liquidity to traders located across the globe.
iFOREX operates a state of the art, real time proprietary trading system which is accessible online through a variety of 3 different platforms. Two are Desktop based solutions – one is a download version for Windows, designed for professional traders and the other is a complete and easy to use Web based platform. The third is a mobile trading platform that can be accessed from any smartphone or mobile device. All three platforms accommodate the same username and password, and offer trading functionality to a variety of indices, stocks, commodities and currency pairs.
iFOREX operates a dealing room for trading foreign exchange, including spot and daily transactions which are the main financial trading instruments on the international currency markets. iFOREX provides clients with direct access to experienced dealers during normal market hours. These services provide clients with competitive pricing and the ability to execute deals quickly in real time.
iFOREX is a licensed financial services provider in the EU and provides currency, CFD (indices, commodities etc.) and Binary Options trading to all EU member states. As a regulated service provider iFOREX is obligated to conduct its business according to strict rules of the regulating authority which includes providing price transparency, competitive interbank spreads and a superior level of service.
Our Cutting-edge technology, vast marketing experience which targets traders over 5 different continents and high level of customer acquisition and retention, has allowed us to excel and stay at the forefront of the industry.
Our Goal is to help our clients reach their maximum trading potential,
Typical Spread on Majors
| EUR/USD | 3 |
| GBP/USD | 3 |
| USD/JPY | 3 |
- Company Info
| Headquarters | Limassol, Cyprus |
| Type of Broker | Market Maker |
| Founded | 1996 |
| Regulated By | Regulated By CySEC (Cyprus) |
| Offices In | Cyprus |
| Supported Languages | English, Spanish, French, German, Italian, Indonesian, Malaysian, Hungarian, Polish, Portuguese, Romanian, Russian, Chinese, More.. |
| ESMA Regulation ? | This broker is regulated within the E.U and may be subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article |
- Account Details
| Account Currencies | USD, EUR, GBP, CHF, JPY, PLN |
| Minimum Deposit | $100 |
| Traders from USA Allowed | No |
| Clients Funds Segregated | Yes |
| Interest on Margin | No |
| Islamic Accounts | Yes |
| Islamic Account Restrictions | Anyone |
| ECN / STP Accounts Offered | No |
| Commission on STP or ECN | 0 |
| VIP Accounts Offered | Yes |
| VIP Account Requirements | $5,000 Minimum Deposit |
| Mini Accounts Offered | Yes |
| PAMM / MAM Solutions | No |
| API Solutions | No |
| Mobile Trading | Yes |
| Web Based Trading | Yes |
| Funding Methods | Credit/Debit Cards, Wire Transfer, Skrill, WebMoney |
| Withdrawal Methods | Credit/Debit Cards, Wire Transfer, Skrill, WebMoney |
- Platform Details
| Platforms Offered | FXNet Trader, FXNet Trader Mobile, FXNet Trader Web |
| NO of Pairs | 30 |
| Pricing Digits | 4 |
| Trade off Charts | Yes |
| One-click Execution | No |
| Email Alerts | Yes |
| Mobile Alerts | Yes |
| Trading Server Time | GMT + 2 |
| Demo Account Expiry | Non-Expiring |
| VPS Offered | No |
- Trading Details
| Dealing Desk | Yes |
| Maximum Leverage | 400:1 |
| Minimum Contract Size | 0.01 |
| Execution | Instant Execution |
| Hedging | Yes |
| Scalping | Yes |
| Scalping Restrictions | No |
| Option of OCO | No |
| Option of FIFO | No |
- Additonal Instruments
| CFD's | Yes |
| Metals | Yes |
| Binary Options | Yes |
| Oil | Yes |
| Stocks | Yes |
| Indices | Yes |
iFOREX Reviews
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