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Review of iFOREX

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Review of iFOREX

iFOREX is a reputable forex broker that provide traders with state of the art technology and a wide variety of tradable assets.  The platform is user friendly, and available in several different languages.  There are a variety of different account types, which cater to both novice and expert traders.  iFOREX provides educational resources including one on one personal training.

About iFOREX

iFOREX was established in 1996,  giving the company a 22-year track record. The company is regulated by CySEC, and is head quartered in Athens Greece at 15 Nikis Street, Syntagma Square, Athens,  105 57Greece. iFOREX is an active market maker in foreign exchange products as well as contracts for differences.

Account Types

There are several different types of account types geared to help traders attain a customized experience. Prior to risking your capital, you can set up a demonstration account which will allow you to test drive the platform. iFOREX does not charge a commission. They generate revenue from the bid-offer spread they capture on each trade.  They have a standard account and a zero-spread account. The standard account allows you to trade hundreds of CFDs and currency pairs, as a tight bid-offer spread. The zero-spread program only charges you for spreads where you have a profitable outcome. There is no spread imbedded into trades where you experience a loss.

Trading Platforms

iFOREX has two cutting edge trading platforms. Their web-based trading platform allows you to log on and trade in location that has access to the internet.  The platform is geared to a trader who is on the go and needs access to positions, charts, deposits and withdrawals without having to download a platform. Some of the key features include more than 200 tradable instruments, firewall management and 128-bit secure SSL environment.

iFOREX also provides a state of the art mobile platform. The mobile app provides accurate market rates with robust trading options, including new execution gestures. Some key features include more than 200 tradable assets, a fast execution module, and full access to your positions, balances, and wallet.

News and Analysis

iFOREX provides traders access to real-time news and analysis that focuses on both fundamental and technical analysis.  News that is released is market moving information that describes economic and monetary policy changes. The data is described in the companies economic calendar that covers releases that will effect the currency, commodity and equity index markets. iFOREX also provides specific analysis on assets they cover, allowing traders to make the most informed trading decisions.

Education Center

iFOREX has a vast education center that provide trading education via video and written formats. The information covered focuses on different types of analysis including technical indicators, risk management techniques and new fundamental information that is market moving.  The education that is offered provide the back-bone to actionable ideas that can be used to make trading decisions.

Summary

iFOREX is a reputable broker that has a 22-year old track record of providing state of the art trading technology to its clients. The company offers a wide breadth of tradable assets, and multiple trading accounts to meet all theircustomer’s needs.

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