The process from account opening to withdrawal with iForex are all processed online.
iForex does not send any hard copy documents, but you can proceed all the processes on the web.
1. Account opening
iForex offers FXnet Trader as its trading platform, and you will need to register and create an account of FXnet Trader.
Account opening means registering for FXnet Trader, and you can open only one FXnet Trader account with iForex.
There is no account types, so all you need to do is register your information for iForex, and the account will be opened for you in a second.
2. Verification with Documents
You will need to verify your personal information by submitting your copied documents to iForex.
You can open an account and deposit without documents, but not withdraw funds.
So to avoid any troubles in the future, you may want to verify the account before start trading.
What you need to an ID(Driver’s license, Passport etc) and a Proof of Address(transaction statement, utility bills etc).
You can simply email these documents to iForex, and the compliance team of iForex will review the documents and verify.
Or you can also upload them by logging into the online trading platform.
3. Making a deposit
After the verification is done, you may deposit your funds into the account.
There are several deposit methods available, and you can see all the options by logging into the trading platform, FXnet Trader.
To make a deposit instantly, you may choose for Credit/debit card, Neteller, Skrill deposit.
All these deposit methods are always reflected into your account instantly.
4. Start trading
iForex offers FXnet Trader as its trading platform.
The trading platform is available for iOS/Android devices, Windows PC and web version.
By logging into your account, you should see the amount you have already deposited.
As already mentioned above, you can only open one account type and in the account, you can trade Forex currency pairs, Commodities, Precious Metals, Energies, Indices CFDs and Stock CFDs.
Please note that iForex may restricts some trading methods such as Scalping, EAs/Algorithm Trading, APIs and Arbitrage.
5. Fund withdrawal
To withdraw your funds, please login to the online trading platform from the iForex official website.
By going to “My Account” and “Withdrawal” as follows, you can send a request to withdraw funds.