iFOREX is a well-established trading company, that leverages its 20-plus years of capital market experience to produce several trading platforms. The company offers a plethora of trading products that track several different asset classes. In addition to offering approximately 90-different currency pairs, iFOREX offers commodity CFDs, index CFDs, single share CFDs, and cryptocurrency CFDs. iFOREX offers two different trading platforms.
Worldwide Access to iFOREX
iFOREX provides access to its platforms around the globe. Customers have the option to operate their app in several different languages. This allows the company to provide technical support and a robust customer satisfaction experience. iFOREX is the trading arm and a brand of Formula Investment House LTD, which is regulated by the British Virgin Islands Financial Services Commission (BVI FSC).
Web-based Platform and Mobile Apps
iForex offers two different platforms. They have a web-based desktop experience as well as the iFOREX mobile platform. One of the key benefits of using a web-based platform is that you avoid having to deal with the potential pitfalls of a downloadable platform. Generally, downloadable platforms require specific computing criteria to work and without good download instructions and a robust technical support group you could find the downloading process frustrating.
Both platforms offered by iFOREX have access to trading tools. You can trade using several types of trading orders, such as a market, stop and limit orders which provide customers with standard risk management tools. Both platforms offer trade execution, charting, technical analysis studies, education, and a demo account. The forex platform is a customized trading app that is not white labeled from a software vendor.
The platform is easy to navigate, which makes trade execution efficient. Your key information such as your balances, positions, margin, and equity in your account, can be found in one place. The iFOREX charting software provides access to the historical prices of all the financial instruments that are available to trade. In addition, the company offers a wide range of technical analysis studies. The web-based product provides access wherever you can reach a browser. The mobile product is available when WiFI or Cellular services are in range.
The iFOREX offers a demonstration account that allows you to use both platforms without risking any of your capital. A demonstration account is an excellent feature, as you can test drive your trading experience without any financial risk. You can generate trades, using the execution module and sample different types of orders so you understand how a trade will transact and how it will show up in your account. The balances, profit and loss and equity are based off a sample demo fund, that is provided to you by iFOREX. In addition to evaluating how trades will work, you can also test a strategy to see if it will perform as you expect. A demo account allows you to forward test strategies using demo capital, in real-time. In many cases, a real-time strategy will expose flaws to a theoretical strategy that was backtested.
iFOREX is a well established CFD broker providing clients with a wide range of products, as well as, several fully functional trading platforms. They offer a wide range of tradable assets, along with a demonstration account. Their web-based platform provides more flexibility than a downloadable platform, and works in conjunction with their mobile platform.