Broker Details
Minimum Trade Size: | 0.015 |
---|
Maximum Leverage: | 400:1 |
---|
Minimum to Open Live: | $100 |
---|
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 |
Video
Your company video here? Contact ad sales
Traders Reviews
Nothing special, but ut's good
Service use: Live
Length of use: 3-6 Months
I mean, I don't consider iForex a tier-1 broker, my trading experience here confirms my opinion, but I cannot be negative about this broker either.
Rather, I just got what I expected.
The minimum deposit is $100, but be prepared that it is impossible to trade with such funds. You should invest more if you plan to earn here (but it is good that you can try trading).
The main disadvantage that beginners can face is the hidden information about account types. You only get the information after you have registered, I see that this is incorrect.
Don't be afraid of difficulties - be afraid of lack of results.
Service use: Live
Length of use: over 1 Year
And I act in a very different way. I won't talk about my successes and failures, but I will tell you what this company has given me and what I've learned to use to my advantage. And maybe it'll be good for one of my colleagues.
1. Demo. It is provided here immediately after the incorporation and has no expiry date. So, a beginner trader can use it to get used to the terminal. And a trader with experience can use it to study some strategy.
2. The trading terminal. This is a personal development of the company. It is a bit less functional than MT, but it has good speed and all basic tools.
3. Personal training. Here you can talk about trading with an online trader, ask all clarifying questions, discuss strategies - it is really convenient. And it can help you get acquainted with the market in the shortest possible time.
Good brokerage to start trading with
Service use: Live
Length of use: 6-12 Months
It all starts with the trading platform. Here iForex isn't afraid to challenge MT4 by offering FXNet to traders. I think it makes no sense to have a debate about which platform is better, but for me FXNet is convenient enough to trade with it all the time.
Another important thing is withdrawal and slippage. Many brokers are at this stage. Some of them have problems with withdrawals, others have very routine slippages. iForex is good in this regard, money comes quickly and slippages are rare. That's all I want to say, you decide.
I chose this company for several reasons.
Service use: Live
Length of use: 3-6 Months
2. There is a negative balance protection, i.e. I do not need to control my orders every minute.
3. There are no exaggerated withdrawal fees, etc., no surprises.
good trading platform
Service use: Live
Length of use: 3-6 Months
I've started with $200 deposit, but now my deposit is much larger (as I made re-investments) and brokerage is still good. I see no serious slippages, but unserious (that don't affect my trading) sometimes occure. The only thing I really wish is the opportunity to choose between FXNET and Metatrader, that would be awesome.
Not regulated
Service use: Live
Length of use: 3-6 Months
So stay away from this broker.
They are NOT regulated in the same way reputable brokers are.
Cyprus regulation is NOT comparable to, say, the FCA.
I'm also convinced their platform did not show the real price action and there is some stop hunting going on.
Some of the ratings here seem fake.
If the rating by an ex-employee is real then you have every reason to go elsewhere.
I became a real trader
Service use: Live
Length of use: 3-6 Months
I did not have much knowledge at first. And then I realized that it is really possible to work here even if you do not have knowledge. You just have to take your time and calmly try what you have here. And now I understand that there is a huge set of tools here, cool tools for analysis. And there are never any problems with withdrawal of funds here.
Good, but such company can do everything better
Service use: Live
Length of use: 6-12 Months
I can say that so far the broker has not met expectations 100% and that's why.
1) Spreads are quite high, on average 10% higher compared to unregulated brokers. I would rather prefer an unregulated broker than overpaying iForex for every trade.
2) I personally do not like FXNet. This is my personal opinion, but I would like to be able to choose between 2-3 trading platforms and choose exactly what I would prefer.
3) Training in iForex will teach you how to trade in theory, but will not give you practical strategies. I discussed it with a professional trader and he says that there is no point in studying strategies, but I have the opposite opinion. I would like to be able to access ready-made strategies.
4) There are many bonuses and stocks, but they are very confusing and it is hard to understand what you can really get for yourself.
I don't want my feedback to sound like hate speech. In general, this broker has a good reputation which it deserves. As I said, iForex has a reputation as one of the best brokers in the industry. However, the points I listed above make me look for another broker to trade with.
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.
Service use: Live