Do you know many online brokers who have over 22 years of experience in the financial markets? Well, iFOREX does and over the last few decades it has become a real industry leader, as well as one of the most recognized, leading CFD brokers in the world. This broker has overcome rapid market changes, skillfully updating its services, and it showcases remarkable technological abilities combined with a personal touch.
In this iFOREX review, we will look into what this broker has to offer and evaluate its services, trading tools and trading conditions.
Account types
iFOREX offers several account types including:
Demo Account
This risk-free trading account enable traders to use $5,000 in virtual funds to get to know the iFOREX trading platform and try out its tradable instruments. It’s a great resource for novice traders who want to train before they invest for real.
Real Account
This standard trading account allows you to trade the hundreds of financial instruments available on the trading platform. It also comes with a wide selection of benefits, exclusive promotions and special offers.
3% interest account
This unique account allows traders to earn 3% annual interest on their account net value. Clients can earn interest on deposits from $1,000 up to $150,000 and the interest is paid monthly, as long as you meet the predefined requirements.
Selection of Tradable Instruments
iFOREX offers an impressive choice of CFD instruments for traders to choose from. They cover numerous industries and multiple markets, allowing traders to diversify their portfolio as part of their risk management strategy, as well as take advantages of opportunities in many different markets.
The CFD instruments include:
- Over 80 currency pairs
- World leading indices such as the US 500 (which is based on the performances of the S&P 500 futures) and the Germany 30 (which is based on the performances of the DAX 30 futures)
- Popular commodities such as oil, gold and coffee
- Cryptocurrencies such as Bitcoin and Ripple
- Shares such as Amazon, Apple and Daimler
- ETFs form various industries
Education
For online traders, information and education remain a necessary key to making informed trading decisions. iFOREX provides an array of educational materials that are suitable for traders of all levels, as well as exclusive training. They cover any topic from basic CFD intro to elaborate trading strategies, and everything in between.
- Video tutorials
- Educational articles
- Free 1-on-1 training with a trading coach
Promotions
iFOREX offers many different promotions that are updated regularly.
Here are a few examples:
The Education Package
This special offer is tailor-made for new, less experienced traders. It comes with a selection of educational resources, video tutorials and free 1-on-1 training with a trading coach. If you need some help getting started with online trading and prefer to learn at your own pace, this is a great place to begin.
The Pro Package
This offer is ideal for more experienced traders who already know what they’re doing. It includes free Trading Signals and advanced training. It also comes with full access to advanced educational materials designed to enable traders to expand their knowledge of specific indicators, trading tactics and more.
Up to 100% welcome bonus
New clients are entitled to an up to 100% welcome bonus on their first deposit. This is a trading bonus that cannot be withdrawn and is designed to increase your trading power.
Innovative Trading Tools
This broker offers many advanced trading tools that support traders in making informed decisions and staying up to date with market events.
- Live charts – customize your trading experience by choosing from different types of charts and timeframes
- Market indicators – the “Indicator Wizard” features many popular indicators such as MACD, RSI and Momentum, and they can be placed directly on the charts
- Trading Signals – provided by a leading third party, signals offer insight into trends and price changes
- Advanced market orders – place orders such as Stop Loss and Take Profit to control your deals automatically and better manage risks
- Economic Calendar – the regularly updated calendar lists major market events from different regions, allowing traders to prepare and stay informed
The iFOREX trading platforms for web and mobile
While most of the large brokers in the online trading industry use a premade trading platform, iFOREX has created a proprietary platform, designed according to real clients’ needs and requirements. The platform works smoothly on any PC and is fully accessible online with no download required. For an optimal mobile experience, download the iFOREX trading app which is available for free on the App Store or Google Play.
IFOREX is an authorized, regulated broker
In today’s reality, it’s important for traders to choose a regulated, authorized broker. iFOREX is the trading name of Formula Investment House Ltd., an investment firm licensed and supervised by the British Virgin Islands’ Financial Services Commission. As a regulated broker, iFOREX employs prudent risk management and provides Negative Balance Protection, meaning clients can never lose more than the funds in their accounts.
Key Features of Trading with iFOREX
- Regulated and secure
- Free education
- Free training
- Proprietary trading platform
- Tight spreads on all instruments
- Leverage of up to 400:1
- Over 800 tradable CFDs
- Negative Balance Protection
- Premium customer service in multiple languages
Conclusion
With its impressive selection of tradable instruments, top-notch trading tools and amazing promotions, it’s clear why iFOREX remains a top choice for traders worldwide. It’s evident that this broker understands the needs of modern traders and it succeeds in combining cutting-edge technological abilities with attentive, personal service.
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