iFOREX Review
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iFOREX is one of those programs that looks really good on the outside but it seems that once you get the inside, it is not all that flavorful.
They offer some really interesting perks, including a protected account that would allow you to trade up to eight times your initial investment, even if you happen to go negative. If you do not go positive after your test account is up, they will eat any loss that was not covered by your initial investment.
After reading some of the reviews that were available on the forums about this particular program, I have to give them our lowest mark and recommend that you stay far away from these individuals. Not that you cannot make money with them but you’d be lost better off going with another broker, such as our recommended platform, EasyForex
Go to the official iFOREX Platform site >>
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“I’m in the market for another broker- preferably regulated” “Do not trust Iforex! I give my personal word on this, I have been following these guys for over a year.” “sometimes the trading platform is slow, but it happens at all the broker.” “i’m from Romania and i’m trading for few months with iforex, believe they have here an office, i had meeting with my account manager in Bucharest at their office and be live me they are as real as possible.” Actual User Comments from forextopten.com “I am trading within iFOREX for about one year. In general they meet my expectations, except of the fact that they do not have graphs and trailing stops.” |
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iFOREX – Review Detail
| General Trading Features | |
| Minimum Deposit | $100 |
| Minimum Transaction Size | $5000 |
| Non-currency Forex Products | None |
| Currencies Traded | All Major |
| Spreads | 3 – 5 Pips |
| Commissions & Charges | |
| Commission free trading? |  |
| Commission free deposits & withdrawals? | |
| Unique Trading Features | |
| Accepted currencies for deposits | EUR, USD, CHF, GBP, JPY |
| Speedy Buy/Sell | Yes |
| Stop Loss executed exactly on rate | Yes |
| Trading Hours | |
| Customer Access | 24×7 |
| Normal Trading Hours | 06:00 Monday Sydney time until 17:00 Friday New York Time |
| User’s Interface | |
| 24 x 7 Access | |
| Customer Support | Toll Free Phone, Chat, Email and Call Back Requests |
| Online Trading | |
| Web Interface | |
| Website Languages | 16 Available |
| Supporting Tools | |
| Demo accounts | |
| Live Training |  |
| Online Chat | |
| Deposits & Withdrawals | |
| Commission on profit withdrawals | No |
| Fund withdrawals to credit-card account | Yes, to same card used for deposit |
| Deposit Facilities | Visa, MasterCard, Diners Club and American Expres, Bank Transfer |
| Data Security & Handling | |
| Transaction Security | |
Support & Customer Service:
iForex has a number of different contact options, including several toll free numbers in a variety of countries. They also have online chat, email and call back requests.
Minimum Deposit:
The minimum deposit is $100
Payments Accepted:
They accept major credit cards including visa, MasterCard, Diners Club and American Express
Time to Initial Trade:
You can begin trading immediately upon funding your account with a major credit card.
Levels of Experience Welcomed:
They welcome anybody, regardless of the level of experience they have. Unfortunately, you’re out of luck if you use Firefox or some other Mozilla-based browser as it does not work with their website.
Please Note:
We do not recommend using iForex ahead of our #1 Forex trading platform – Easy-Forex.
Easy-Forex is simple, easy-to-use, with low deposits and advanced features for the more experienced traders.
However, If you would like to open up an account with iForex please click the link below:
Start Trading with iFOREX here >>
Conclusion
Although it is possible for you to use this platform, we would highly recommend that you look for another option. The reason is that we had a difficult (nearly impossible) time finding anything positive about this platform on the Internet. If you are in the market for a new broker, we would suggest that you check out Easy Forex, our number one choice.
Please comment below and tell us your real experiences about iForex.
They have made several convincing call while I do my demo ac. There’s no more handsome call once I deposited USD100 and end up with loosing. Lucky I manage to withdraw balance of 60 dollar back when I find out the signal they provided mostly wrong!