iForex is a reliable trading platform that has created a brand image in the financial market as it is offering leverage and non-leverage trading options simultaneously. The platform offers trading services with over 25 years of experience and has attracted millions of users' trust.
iForex Quick Overview
Official Website | https://www.iforex.in/ |
Established Year | 1996 |
CFD’s | More than 750 |
Financial Instruments | Indices, Stocks, ETFs, Currencies, Commodities etc |
Platform Availability | Mobile App and Web |
Customer Support | Email, Phone Call, FAQ’s, Chat |
Education Support | Video Tutorials, Articles related to Forex Trading that is divided in Basic and Advanced |
Minimum Leverage | 1:400 |
Minimum Deposit | $100 |
Payment Methods or Supported Currencies | USD and EUR; as currency may from country to country |
What is iForex
The forex trading platform allows traders to buy and sell a wide range of currencies such as indices, commodities, currencies and shares. iForex has various trading features that are mentioned below:-
iForex Features
The iForex is the world’s largest platform in the financial market that tends to buy one currency and use it in other currencies if you are willing to trade in currency pairs.
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The web and mobile app has a user-friendly interface for forex trading and other currencies.
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The platform has more than 750+ CFDs
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Educational, video tutorial and personal training support that helps beginners in enhancing their knowledge regarding for forex trading and financial instruments
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You can avail the benefit of real-time live analysis, financial news, economic calendar and daily market updates - these updates help you a lot throughout the trading process.
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Take the advantage of promotions, special offers and trading bonuses and make your trading process exciting.
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Take the help of a trading expert that guides you how to trade and make 2x your profits with iForex.
Key Highlights of iForex
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More than 8 Million Users are using iForex platform for trading
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Offering Services in more than 100countries
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35K+ Transactions occurs on daily basis
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The platform supports more than 16 languages
Pros and Cons of iForex
There are an ample number of brokers available in the financial sector which to choose or not is quite challenging for traders. Features, benefits and drawbacks of any brokers helps you in choosing the right broker. Let’s have a quick look of iForex benefits and drawbacks:-
Benefits | Drawbacks |
Cyprus Securities and exchange commission has the full control over iForex | The minimum deposit amount is $100; |
A wide range of more than 750 CFDs are available in this | automatic trading or social robots are not available. |
A wide collection of educational resource is available on the official website | The platform get bit slower while withdrawing that creates a negative impact |
A penalty of EUR 138,000 is imposed on iForex for offering unlicensed services |
Is iForex Scam or Legit?
iForex is neither a scam or legit broker. On one side, it is regulated and controlled by the government authority i.e., Cyprus Securities and exchange commission under licence # 143/11. It has a physical office in the British Virgin Islands.
On the other side, it is investigated that that website has been imposed with many violations because of offering unlicensed services as a result the broker has to pay a penalty of EUR 138,000. Also, the broker has not taken the clients' issues seriously when the financial institutions get to know about the customer complaints.
Also Read: Giottus Review
If you are looking for a reliable and trustworthy trading platform for forex, you can consider Capitalix and InvestFW. These are the online trading brokers that help you at each and every stage in the trading process.
iForex Deposit Fees and Conditions
iForex charges a minimum investment of $100 as deposit fee for online trading It can be leveraged upto 400 depending on the instrument you have chosen for trading. Clients do not have the option to choose the best account for themselves as the platform is offering only one real account. iForex does not support MetaTrader 4 and Meta4 platforms that are the most preferable platforms often chosen by newcomers to Forex.
iForex Deposits and Withdrawals Options
iForex accepts both offline and online deposit methods for the convenience of traders. The payment methods are mentioned below:
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Bank Wire
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Credit Card
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E-Wallets
The platform does not charge any commission fee even if your transferring provider does. All the countries have different payment methods, if you want to determine the payment methods you have to select the country and display the accepted payment methods.
Trading Platform at iForex
Mobile
You can trade with a customised iForex mobile app that allows you to avail the benefit of trading experience by using advanced trading tools such as live rates, economic calendar, trading sentiment, indicators etc.
iForex allows you to avail the trading experience through mobile apps from anywhere in the world. Download the iForex app on your mobile device which is available at App Store and Google Play for free. Through the app, you can check the market conditions and live market rates instruments easily.
Computer
Do you have a habit of trading through computers or PCs? Yes, then you can access the iForex platform from your computer as well and no need to download it. It performs smoothly and securely on any standard device.
How to Open an Account at iForex?
Follow the below-mentioned steps for opening an account at iForex:-
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Visit the Official Website i.e., https://www.iforex.in/
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Click on the ‘Getting Started’ Button that is available on the homepage of the official website.
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Scroll the page until the ‘Register Button’ is not visible on your screen
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Click on the ‘Register’ and then provide the asked information such as First name, last name and mobile number to register on the trading platform.
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The platform is encrypted with Automated money laundering (AML) feature and you have to upload the documents for the verification process.
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If any kind of difference or mismatched foresee in the documentation verification process there are chances that can lead to cancellation of your account.
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It must be noted that documents are required for withdrawal from your account investment
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Once the verification and documents submission process is done successfully, you can start trading with the iForex.
iForex Affiliate Program
The iForex Affiliate program is a great way for passive income as it allows you to scale-up your business. The platform offers professional support in order to become an iForex partner that has effective payment plans. You will get the full support from the platform on how to earn income with affiliate links.
Education Support
Novice investors who are willing to get to know regarding the financial market and related basic terms. You have the option to avail the free educational resources by visiting the official website of forex trading. The education centre has articles, video tutorials and FAQ’s section that will help you in the journey of trading as well as you to know about the basic terms of the finance.
Customer Support
iForex believes in solving the queries of clients or customers as soon as possible. It has great customer support, if you have any query or want to connect with a representative - you can make a call at +30-210-374-2599 or drop an email at [email protected] for General enquiry.
You can visit the contact us page of the official website as the website has different email addresses, or contact numbers for different issues. iForex can respond to your queries between Monday to Friday during 04:00-20:00 GMT Worldwide: +30-210-010-5302.