iForex provides a Forex & CFD investment solution through its trading platform, FXnet Trader.
Not MT4 but FXnet Trader
iForex does not offer MT4 as its trading platform, but FXnet Trader.
FXnet Trader is an advanced trading platform built by iForex itself.
Its usability is not much different from MT4 though, it will offer more trading tools and options.
The FXnet Trader is available through iOS, Android, Windows and Web version.
You can try out the FXnet Trader Demo for free.
iForex offers fixed spread for all financial instruments.
The financial instruments which are available for trading are Forex currency pairs, Precious Metals, Commodities, Energies, Indices CFDs, Stock CFDs and Binary options.
Although the spreads are fixed normally, if the market volatility is extreme, iForex may increase the spread according to the market situation.
So the spread is not necessarily fixed at all the times, but it is variable occasionally.
VIP promotion to offer even lower spread
If you are not satisfied with the current normal fixed spread by iForex, you may contact iForex support team and see the conditions of VIP promotion.
By being a VIP of iForex, you can benefit from more tighter spread and cash back etc.
For more information, you will need to contact iForex.
Leverage up to 1:400
iForex offers up to 1:400 leverage to all its clients.
The maximum leverage is applicable for some Forex currency pairs and Precious Metals, but not other trading instruments.
The leverage may be restricted down to 1:40 depending on the financial instruments and the account balance in your account.
Increased margin will be applied to all financial instruments, and when it is applied, you will be required double the normal margin for trading.
The increased margin is only applied only weekends and holidays when the market volatility is higher than the normal hours.
Trading method restrictions
Although iForex may act as a broker and also a Market Maker depending on the trading instruments and some other situation, the broker restricts some trading methods.
The trading methods which are not allowed in the FXnet Trader(trading platform of iForex) are:
- API trading
- Arbitrage trading
These trading methods are not allowed with iForex, but not necessarily depending on the situations.
NBP(Negative Balance Protection)
There is no additional margin or debt to be required to traders in case an account generates negative balance as a result of Stop out by iForex.
iForex will trigger the Stop out when there is no free positive balance in your account, and it will liquidate(close) all the open positions in the account.
In case of high volatility in the markets, the account balance could go negative after the stop out though, iForex will cover the exceeded losses automatically and fix the account balance to zero.
iForex offers variety of promotions though, you may not be able to find them all in its official website.
iForex offers bonus promotion depending on the country area where the traders reside in, but some basic promotions are available to all traders.
Please find the full list of bonus promotion offered by iForex from the page below.