December 10th, 2019 | Updated on August 1st, 2020
iFOREX uses a browser-based interface in conjunction with a mobile platform to provide clients with an efficient and user-friendly trading platform. iFOREX is a well establish CFD and forex broker and has been in business since 1996.
The company offers a wide range of tradable assets including currency pairs, commodities, indices, shares and cryptocurrencies.
There is a focus on educational information as well as a demonstration account. iFOREX is well known for its strong technical support in multiple languages.
1. Trading Platform
iFOREX offers both a browser-based and mobile platform that provides access to trading execution along with tools that allow you to analyze CFDs. You can also monitor your balances and positions as well as deposit and withdraw capital.
Both platforms provide access to iFOREX’s robust education portal that offers information on topics that include risk management, technical analysis and learning how to trade.
iFOREX offers real-time margin protection, ensuring that it limits losses automatically using risk management precautions. iFOREX reviews of their trading platform are favorable.
2. Protecting Your Equity
To protect the equity in your account, iFOREX uses a negative balance protection procedure which prevents clients from losing more than they have on deposit. This helps you limit the amount of capital at risk and protects the equity you have in your account.
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3. Browser And Mobile
iForex offers two trading platforms. There is a browser-based platform that provides all the bells and whistles you might expect.
You can graph charts, and add studies and trend lines, along with with change the tenor of the chart.
There is a full allotment of technical analysis tools. iFOREX uses a proprietary platform and not a white label.
The mobile platform complements the browser-based platform and has a similar feel and look. The benefit of using the mobile app is that you can trade while you are on the go.
You can deposit and withdraw capital from both the mobile platform and the browser-based platform.
4. Demo Account
iFOREX offers traders access to a demonstration account. This is an account that allows you to place trades in real-time without risking your real capital.
Instead of trading real capital you are trading demonstration funds that are provided by iFOREX. This allows you to test the execution of your trades without worrying about making a trading mistake.
You will be able to see your demonstration balances as well as the risk. You can also learn about how leverage affects your P&L while using a demonstration account.
You can also test trading strategies in real-time to see if the strategies work during normal trading hours.
5. Safety And Security
iFOREX uses all the new safety and security techniques. The company uses a combination of firewalls and security socket layers (SSL) to secure client information.
The mobile app has advanced security measures like fingerprint match identification. The company also has advanced technical support, in multiple languages.