With Forex trading, you can be your own boss working when you want to, where you want to and as much as you want to. You can make money by gaining a small percentage of the daily trade of trillions of dollars. The iForex site offers currencies, commodities and indices for trading. You can deposit your money in the United States dollar, United Kingdom pound or Swedish kroner. The iForex site is truly a global Forex trading platform.
Global Forex Trading With European Emphasis
Founded in 1996 and headquartered in Cyprus, iForex supports more than a dozen languages; the majorities are European, but there are also some others, like Turkish. The site also offers an interest-free Sharia account for Muslim clients.
The iForex site display is clean and precise without much clutter. The minimum deposit is US $100 with leverage up to 400:1. The primary commodities are coffee, sugar, gas, gold and silver. Traders can choose from the basic currencies (USD and GBP) and the primary global indices, like the CAC 40, Dow Jones, FTSE 100 and Nikkei 225.
A demo account is readily available to practice your trading strategy. The banking (payment) options are fairly robust with the major credit cards, like Visa, MasterCard and American Express. Customers can also use online payment services, like Skrill (Moneybookers). There is also a $20 charge for wire withdrawal. Your money is stored in an eWallet.
Multiple Platform Options at iForex
If you want, you can download the FXnet platform for trading at iForex. But this is not necessary; you can also choose from the Web-based and mobile platform. The 24/7/365 access is a great option for Forex trading.
The iForex site makes joining very easy with a large pop-up box requesting your information. The user interface is simple enough for viewing your balance, margin and equity positions.
There is an abundance of learning guides with a definition for the most common features of Forex. You can view daily market news, market reports and generate customized trading charts. There are even entertaining sections, like “Test Your Knowledge” to see if you know the latest economic figures.
There is a special welcome bonus if you join the VIP club, which will have advanced market signals for the expert traders. As you advance in your skills, choose from a range of more developed options, like the free one-on-one person coaching.
Security features include the standard firewall and the 128-bit secure SSL environment. The site has modern technology, like the “swipe-to-close” feature. Customer support is by phone, fax, email or live chat. The iForex site does not take United States traders.
Solid Site for Forex
This iFOREX review has concluded that the site offers many features for a global clientele. The number of assets offered by iForex is somewhat low for the industry. The banking (payment) options are quite robust. There are many helpful tutorials and education guides to help beginners learn the Forex industry quickly.