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iForex Review

Details

Broker	iForex
Website URL	www.iforex.com
Founded	1996
Headquarters	Athens, Greece
Type of Broker	Dealing Desk
Support Types	Chat, e-mail, Phone
Languages	Hebrew, Indonesian, Malaysian, German, English, Spanish, French, Italian, Hungarian, Dutch, Polish, Portuguese, Romanian, Filipino, Turkish, Russian, Arabic, Chinese, Japanese
Trading Platform	iForex Trading Platform
Minimum Deposit	$100
Bonus	Bonus of up to $5000
Max Leverage	1:400
Free Demo Account	Open Demo
Regulated
Regulation	PSZAF, CYSEC
One-Click Execution
Account Types	Mini Account, VIP Account, Islamic Account (Swap Free), Institutional Accounts
Deposit Methods	Bank Wire, Credit Cards, Debit Cards, eWallets
Withdrawal Methods	Credit Card, Wire Transfer
More Instruments	Metals, Oil, Indices, Commodities
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score	4.3/5.0

Screenshots

Pros

• Scalping
• Mobile Alerts
• E-mail Alerts

Cons

• No Trailing Stops

Review

iForex was founded by a group of bankers and forex dealers in 1996. However, it was only in 2004 that iForex took the major leap to foray into online trading. Since then, iForex have managed to grow by “tens of thousands, generating mass trading volume and providing vast liquidity to traders located across the globe.” To distinguish itself from other brokers, iForex has adopted a policy of providing their clients with tight spreads, live market pricing via a direct link to the interbank market rates and letting their traders fully utilize the margin allocated to them. In addition, iForex has also employ safeguards like negative balanceprotection to protect their traders from over trading.

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