iForex offers only one account type and there is no different base currencies available.
The conditions of the iForex FXnet Traders account is:
- USD account base currency
- Fixed Spread
- Maximum leverage 1:400
There is only one account type for traders, but you may negotiate with iForex customer support to customize your conditions.
iForex is always open to opinions.
Making a deposit in a different currency
Although the base currency of the FXnet Trader is only USD, you can still deposit in a currency of your country.
In case you have made a deposit in a currency other than USD, iForex will convert the amount to USD automatically and reflect it into your account.
There is no commission charged for exchanging currencies, but please note that the exchange rate may not be the same rate as the ones in FXnet Trader.
Only Fixed Spread
The FXnet Trader is provided only with Fixed spread.
Unfortunately, you can not change the spread type to variable one, but it is always fixed even if you become a VIP of iForex.
If you are not satisfied with the normal spread which iForex offer, you can become a VIP of iForex and trade with even lower spread.
The main benefit of being a VIP is:
- lower spread than normal accounts
- Cash Back from iForex
- 24 hours personal dedicated account manager
For the conditions of becoming a VIP of iForex, please contact the support team.
Usability of FXnet Trader
FXnet Trader is an advanced trading platform built by iForex itself.
It is different from MT4 but FXnet Trader is more simple, user-friendly trading platform for anyone.
If you are trading with iForex, we recommend you to use the online trading platform, that is where you can manage your accounts, deposit/withdraw and trade.
One account for all
iForex offers Forex currency pairs, Commodities, Energies, Precious Metals, Index & Stock CFDs and Binary Options.
And all of them are available for trading in one FXnet Trader account.
Trading many different financial instruments could confuse you for margin and profit/loss calculation, but fortunately iForex triggers stop out(liquidation of open positions) when there is no positive free balance in your account.
Stop out does not trigger according to the margin level in your account.