Broker Review: iForex
Licensing and Regulation
iForex is licensed and authorized by CySEC (Cyprus Securities and Exchange Commission) and the HFSA (Hungarian Financial Services Administration) and abides to regulations imposed by Mifid II and ESMA.
Established all the way back in 1996, iForex has become one of the largest and most respected firms in the online trading industry, with offices in Cyprus and the British Virgin Islands.
Account Management - Minimum Deposit
Traders can choose from 4 different types of accounts, while the minimum deposit is just $100.
iForex takes cybersecurity seriously and assures that sensitive information is always passed through encryption services (such as firewalls and secure socket layering). Existing and new traders alike can be rest assured abiyt the safety of their trading capital through the ICF (Investor Compensation Fund).
iForex has distinguished itself as an industry leader by offering excellent trading conditions with an incredible amount of access to the world’s financial markets. Together with its proprietary trading platforms, it is not a surprise that traders are choosing this broker as their preferred one. Thanks to its unique approach to online trading and through its vast selection of products and services, iForex is a veteran broker to consider.
iForex lets traders to choose from three different customized trading platforms: Mobile, Fxnet Trader, and a web-based one. All of them include access to more than 650 different assets. All of this broker’s platforms include a unique set of charting tools, indicators and professional trading tools that can be customized according to
Markets, Assets and Products
iForex has ventured into 140 different financial markets to offer one of the most comprehensive access to the modern world of investments. Including an extensive collection of currency pairs, commodities, global indices, and stocks, it’s a hard-working brokerage for traders of all levels.
iForex invests heavily on education and offers plenty of useful information designed to assist traders in managing their investmenr portfolios and making informed decisions. They feature eBooks, complete glossary of financial terms, 1-on-1 personal training, daily market analysis and economic reports, together with a blog filled with relevant articles on current market events.
Customer Service and Support
Customer support at iForex can be contacted 24/5 via e-mail, toll free phone numbers and chat. Additionally, there is a textual support “hub”, which explains in detail everything a trader needs to know about opening an account.
iForex includes some unique features, such as trading in soft commodities and remote support assistance.
At a Glance
• With its outstanding negative balance protection program, great educational resources, and wide variery of investment products, iForex is one of the pioneers in the online trading industry.
• iForex doesn’t offer the MT4 trading platform, doesn’t allow traders to create a demo account and charges high fees for services like dormant accounts and withdrawals.