iFOREX is a well-established broker, that provides clients with a wide range of products, including investable assets such as currency pairs, commodities, indices, shares and cryptocurrencies. The company was established by a group of forex traders and has been in business since 1996. The company has significantly longevity and has consistently changed its platform over time providing traders with the most up to date advances in technology.
Trading and Risk Management
iFOREX offers several state-of-the-art trading platforms that provide access to trading and risk management. The platform is suitable to speculators as well as corporations that are looking to hedge their risk exposure. The company is keened to educate its customers and protect them against adverse market conditions. They offer real-time margin protection, ensuring that it limits losses automatically using risk management precautions to prevent negative account balances. This framework allows traders around the globe that want to execute contract for different, to be ensured that iFOREX’s technology meets regulatory mandates.
iFOREX has operations that provide brokering services around the global in multiple jurisdictions with offices located in Cyrprus and the British Virgin Islands (BVI). The broker iFOREX is a brand of Formula Investment House LTD, under the license SIBA/L/13/1060. According to the company, the customer service agreement states that the laws of the BVI govern the license agreement and the BVI courts have sole jurisdiction over any disputes.
Negative Balance Protection
The iFOREX broker uses a negative balance protection procedure which prevents clients from losing more than they have on deposit with the company. This voluntary protection has recently been mandated with in the UK. The company takes security very seriously. It focuses on security sensitive information by passing it through encrypted services. The company uses a combination of firewalls and security socket layers (SSL) to secure client information.
iForex provides its customers with two different platforms. You can use their web-based desktop experience which is a platform that provides all the bell’s and whistles you might expect, including trade execution, charting, technical analysis studies, education and a demonstration account. This is a proprietary platform and not a white label. iFOREX says that their customized system has been developed by surveying clients over the 23-years of experience.
iFOREX Trading Platforms
The key information is clearly stated throughout the web based platform. Navigating the platform is efficient. Your account information reports your available margin, the equity in your account, any maintenance margin as well as your profit and loss. The iFOREX charting software also you to clearly see historical prices and several different types of technical analysis studies. The web based product provides access wherever there is access to the internet. iFOREX also offers traders access to a demonstration account. This is an account that allows you to place trades in real-time without risking your real capital.
The mobile application is secure providing advanced security measures like fingerprint match identification. The mobile app offers most of the same features as the web-based platform. Execution is efficient and viewing your balance sheet, P&L, and positions are just a swipe away. iFOREX offers an efficient mobile charting package that is clearly displayed with several technical analysis indicators which will help you make trading decisions.