Normally online brokers provides you with a trading account where all kinds of financial instruments are available including Forex, Stock CFDs, Index CFDs, Energies(oils & gas), Precious Metals and Bond etc.
With iForex, you can trade Forex currency pairs, Stock Index CFDs, Precious Metals, Commodities and more markets by opening one trading account.
You do not need to open several trading accounts anymore, because you can trade them all together and calculate margins together too.
Invest on MetaTrader4 and FXNet Trader
iForex offers the Forex & CFD trading solution through the most popular trading platform MT4.
The MetaTrader4 is available through Windows PC, MAC PC, Android, iOS devices(iPhone, iPad) as long a your devices are connected to internet.
The process you need to follow till start trading Forex & CFDs with iForex is as follows:
- Opening an account with iForex
- Submit required documents(ID and POA) to verify your account
- Making a deposit to iForex from the client portal
- Install the MT4 from the official website and login to start trading
It is necessarily to login to the MT4 in order to start trading.
If you are not sure about the software, you can download MT4 Demo version to practice Forex tradings for risk free.
Live Forex trading with iForex
Unlike many other brokers, iForex provides you the real Forex trading environment as a broker.
iForex is a NDD broker in the world where your orders are directly sent to the real exchange market through iForex.
With iForex, the broker assures that they do not act as a market maker to hedge your trades, and all your orders are actually sent to the real exchange market.
Spread is wider than normal brokers
As iForex is a NDD broker, the broker is making profits when its traders pay for the markup spread by trading Forex and CFDs.
Unlike the OTC brokers who has got more profitable method to earn money by hedging orders of its clients, iForex must cover their costs only with the markup spread.
So comparing to many other brokers, the spread is a bit wider in iForex’s MT4. Also there are fees charged for deposit/withdrawals from iForex.
iForex is a broker who values the real profit for traders, if you know the real benefit of STP environment, iForex maybe the best choice for you.
CFDs are OTC derivatives
iForex is a NDD broker, but CFD product is delivered as OTC derivatives.
So this means that in case you are trading CFDs with iForex, the broker will be the counter party and hedging all your CFD orders.
There is a lot of merits of trading CFDs comparing to the real stock, commodities tradings though, you may want to remember that there is a conflict of interest between traders and iForex in case of CFD tradings.
CFD is a OTC derivative, this is a common thing for all brokers in the world.