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Here are the most instrumental: Free education: All clients have access to a wide selection of educational resources at no extra cost. Demo account: What better way to get the hang of trading CFDs online than to practice opening and closing deals first, without any risk to your funds? Smart trading platform: The iFOREX trading platform, which is available in both desktop and mobile versions, was built from scratch, using a combination of the latest software technology and input from actual traders to ensure an intuitive, easy-to-use experience.
Promos and exclusives: iFOREX rewards its clients with an ongoing variety of promotional campaigns including trading bonuses, friend loyalty programs, and much more. Monthly earnings are automatically added to client accounts. Hassle-free deposits and withdrawals: Deposits can be made via a variety of payment services as well as bank transfer or credit card, and withdrawals can be done simply and easily. Regulated broker: iFOREX is licensed and supervised by the British Virgin Islands Financial Services Commission, which requires the brand to operate according to high standards of quality and conduct in order to protect client interests.
The result is a trading platform that gives traders of all experience levels a sleek, streamlined process and all the tools and features they need to make informed trading decisions. The iFOREX candlestick charts are fully customizable, giving you the ability to choose which timeframe best suits your trading style, as well as colors, indicators, and more.
Those tools and general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities and more. Is iForex a scam? In addition to that, the internet sources are quite full of the complaints and negative reviews from the traders that engaged in the trading with iFOREX.
However, iForex has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. As per the U. So, except for IQ Option, you are only permitted to trade with the U. S regulated platforms. To make a withdrawal, users must fill out a withdrawal request form. Withdrawals can take up to 28 working days to be processed, depending on the clearing solution trader funded his account with.
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S regulated platforms. To make a withdrawal, users must fill out a withdrawal request form. Withdrawals can take up to 28 working days to be processed, depending on the clearing solution trader funded his account with. Such a long period for the withdrawals obviously causes a lot of complaints from the clients. Demo Account A demo account is available to users but only once a real trading account has been activated.
There are also time restrictions on how long the demo account can be used. Demo account is a great opportunity to practice strategies and become familiar with the platform with their demo account option. Conclusion Overall, there are many questions in regards to the trust of the iFOREX company services and the manner they do operate the online trading itself. We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations.
Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FBS and Eightcap. The unique features of iForex are Negative balance protection, real-time price quotes, high level of customer support, low spread on all trades, account management, deal execution, and margin analysis.
The negative balance protection protects you from losing more money than your capital. Occasionally, there are cases of some adverse and severe price fluctuation in the market, which brings considerable losses in the trading account and causes a negative balance in the account. Although it happens rarely, it is good to have negative balance protection for your trading account. Check out the other online Forex brokers accepting Indian clients.
Is iForex regulated in India? However, iForex is one of the trusted brokers with clients from all over the world. It has a dedicated telephone number and website for its Indian clients. It is one of the trusted Forex brokerage company with thousands of satisfied traders using its Forex and CFD trading services. If you are looking for a trustworthy international online Forex broker with decades of excellent track record, then iForex is one of the best. Can I trust iForex for Forex trading?
It has thousands of clients all over the world, including India. Is Forex trading with iForex profitable? Well, Forex trading is not profitable for most of the traders. Only a few traders make money while trading Forex. It depends upon your trading skills to make a profit.
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