April 7, 2016

Question:Is iForex a good or bad broker? Why traders choose iForex?

iFOREX - What's now?

We are no longer promoting iFOREX. The information regarding to iFOREX on the website 'Hercules.Finance' maybe outdated. ref. iFOREX


There is a lot of reasons why you should choose iForex as your broker, and we are here to introduce some merits for traders.

Regulated broker

iForex is regulated and authorized to provide financial services by FCA in England and CySEC in Cyprus.

Both of the regulatory authorities are famous licenses for brokers and also been known as reliable.

As it is a fully regulated broker, you do not need to worry if iForex is working on fraud or something, as if that is the case, iForex wouldn’t have the licenses now.

As the regulations require, iForex protect the clients’ funds in a segregated account in trust.

So if there is financially something bad happens to iForex, all your funds will be returned to the original account where you made the deposits from.

Leverage 1:400

iForex offers up to 1:400 leverage to all clients in the world.

Along with this condition, iForex also offers NBP (Negative Balance Protection) to its clients’ accounts.

So trading with iForex means you can leverage your profit 400 times more, and limit your loss to the deposit amount.

There is no slippage in terms of NBP, so you will not lose more than you deposit.

*The condition of leverage varies for each financial instrument.

Fixed Spread

The spread iForex offers is all fixed.

You can trade all financial instruments with fixed spread, so you can also hedge positions perfectly without having worried about the spread.

Although iForex may widen the spread if the market volatility is extreme high, in that case you will be required more margin than the normal times.

There is no certain time period predetermined by iForex to widen the spread.

iFOREX Official Website

FXnet Trader

iForex does not provide service with MT4, but its advanced trading platform, FXnet Trader.

FXnet Trader is simple & easy for any traders, and it has got even more trading tools on the trading platform.

You can trade through iOS & Android devices, Window PC and on the web.

You can deposit/withdraw, trade and manage your account by logging into the online trading platform, so the web version may be the most useful one.

All kinds of Financial Instruments

iForex offers only one account type and it has got all the financial instruments available for trading.

By opening an account with iForex, you can trade

  • Forex currency pairs
  • Commodities(including oils and gas)
  • Precious Metals
  • Indices CFDs
  • Stock CFDs(shares)
  • Binary Options

All trading instruments in one account, and you don’t even need to switch platforms or anything.

You can trade all of them at the same time in one account.

Non-deposit bonus

The promotion is run for traders residing in Europe Area.

If you are eligible for the promotion, iForex will give away €25 to you and you can start trading with the money without risking to lose your funds.

The bonus is provided to traders, so they can try out the trading environment(fixed spread, FXnet Trader, leverage).

The promotion is also called “Trial Account”.

Please contact iForex support team for further information.

iFOREX Official Website

100% deposit bonus

You can even double up your deposit by just making a deposit.

By joining this promotion, you can benefit from more leveraged account, and maximize your profits.

There conditions of the promotion.

Please find out more by clicking here.

VIP promotion

If you are not satisfied with the normal conditions offered by iForex, you can upgrade yourself to VIP status if certain requirements are met.

By being a VIP of iForex, you will be provided with:

  • Tighter fixed spread
  • Cash Back
  • Personal Account Manager
  • More allowed trading methods and etc
There is not much information provided in the official website regarding this, so please contact iForex support team for further details.

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