Broker Details
Minimum Trade Size: | 0.015 |
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Maximum Leverage: | 400:1 |
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Minimum to Open Live: | $100 |
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Established: | 1996 |
Address: | 1 Wickham’s Cay, Road Town, Tortola, BVI VG1110, Virgin Islands, British |
Contact: | info@iforex.com, +30-210-374-2599 |
Regional offices: | |
Regulators: | BVI FSC #SIBA/L/13/1060 |
Prohibited countries: |
Trading platforms: | WebTrader, Mobile Trader |
Web Trading: | Yes |
Mobile Trading: | Yes |
Currencies: | (80+) |
Cryptocurrencies: | (15+) Bitcoin, Litecoin, Ethereum |
CFD: | (760+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities |
Scalping: | Yes |
Deposit Methods: | Bank Wire, VISA, MasterCard |
Withdrawal Methods: | Bank Wire, VISA, MasterCard |
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Traders Reviews
Search for a normal brokerage company
Service use: Live
Length of use: 3-6 Months
Because now you can find a huge number of companies that offer a variety and even original conditions, but only a few of them is a real opportunity to try something new and learn to make decisions that will bring you money in the future.
This is the company I consider to be for several reasons.
1) Own trading platform with wide modern functionality and minimal technical problems.
2) Active protection against negative balance, which allows you not to control each position and do other things that interest you.
3) Fixed spreads, which allows you to navigate in calculations much faster and act without significant restrictions.
4) Different formats of training - individual, group, complex, which allows each client to find what suits him and what will allow each person to realize his potential and start paying attention to exactly those moments in the market that will be the basis for profit. This sounds a little incomprehensible, but when you start working, you will understand what I mean.
And most importantly - take your time. Everybody wants to get it as soon as possible and as soon as possible. But calmness is the key to a long journey.
Long history secure brokerage
Service use: Live
Length of use: over 1 Year
Trading. Trading conditions are good there, a lot of currencies are available, including exotic ones with leverage up to 400:1. I prefer to trader USDNZD and USD CAD. Currency trading is availabel 24/5, slippages are rare. Also there are commodities, I tried to invest in CFDs for gold, but I can't call this a successfull experinece.
Mobile platform. FXnet is availabe on iOS and Android, I usually use it when I'm not at home or in office.
Trading tools. Advanced trading signals, economic calendar and charts make trading easier, as for me.
I don't mean trhat brokerage is excellent, but it's good enough.
Brokerage review
Service use: Live
Length of use: over 1 Year
1. Starting trading. Brokerage did really a lot to help traders start trading easily (nothing strange, just business),official website is well-designed and provides almost all information that you need to start trading. Some brokers fail even at that stage and their website is a real mess, iForex did well there
2. Education. There's 'educatioal center' pathetic name, actually, it's some kind of blog with basic training. If you already know what trading is, it won't help you. If you're new to it, it would be really helpful...
3. Leverage. It's up to 500, really tasty. Be careful with it, by the way.
4. Analytics. Yes, there it's. What is there - economic calendar, rates online (really convinient), trading signals. Not a lot, buy analytics seems to be good.
5. Data providers. Really good data providers Deutsche Borse, LSE and Borsa Italiana.
Personally I like iForex, but I suggest you to try demo before investing real money to be sure if it fits you or not.
Finally getting better
Service use: Live
Length of use: 6-12 Months
1. The stage of denial I passed with the other company I worked with. I invested $200 only, was lucky enough to tripple the result using the high leverage, yet, the company rejected to withdraw my profits. I though it was a mistake and spent over 3 months trying to persuade THEM is was a mistake that they banned me. But it wasn't a mistake.
2. The stage of anger I spent al by myself. I was bombing the directories and FPA with negative review on that first broker, yet, nothing could be done, as the broker was not regulated.
3. Depression. I don't even want to mention this time. I quit trading for a while, devoted myself to work in the office. Not the happiest period of my life for sure.
4. Bargaining. I though I could get used to the office life. I made everythign possible to make myself happy at work. Spoke with my boss, showed the initiative, asked for raises. Nothing worked. I was very unhappy. I knew the money don't come out of air, but I also knew that I do have the edge in trading. I am very calm by nature and very disciplined. Any system that I've chosen to hand-trade worked, if it wasn't a total crap.
5. Acceptance. I understood I must use the edge I've had. Found another regulated bnrokerage that turned out to be the iForex. I still work in the office, but according to the PLAN I will be able to quit the regular job in about 2-4 month.
I think I wrote the review simply top share my path, and encourage other traders not ot loose faith, yet, the broker also deserves some stars from me as they definitely do their job fine here ;)
I chose something that I was interested in.
Service use: Live
Length of use: 0-3 Months
In this company, I use these things:
- low fixed spreads;
- negative balance protection;
- training.
And I think, that helped me to know the market and real trading.
Trading is primarily about studying the market.
Service use: Live
Length of use: 6-12 Months
Good broker and reliable trading
Service use: Live
Length of use: 6-12 Months
nice trading experience, but i don't like support there
Service use: Live
Length of use: 3-6 Months
Part-time trader's review
Service use: Live
Length of use: over 1 Year
Unfortunately, I can't claim the broker made me rich already. I wish! But trading here is stress-free and for me this is the most importnat thing.
Even though I've been trading for over 5 years, i still have aregular job and I'm balancing at a near zero results, having some profits followed by the drawdown periods.
I don't think this has anythign to do with iForex fault. I can see that looking at the trades I do :(
Anyway, this is not my trading system review :)
Speaking of the broker - support is polite and helpful, registration procedures are not really annoying, there are MANY assets available. They allow trading like... ANYTHING :) Having no troubles with slippages and that kind of stuff I can summarise that the company deserves a positive review :)