iFOREX

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iFOREX
Private
Traded asFormula Invested Hours Ltd
IndustryOnline CFD trading
Founded1996
Headquarters
Limassol
,
Cyprus
Number of locations
4 (2020)
Area served
Worldwide
Products
  • Currencies
  • Commodities
  • Shares
  • ETFs
  • Cryptocurrencies
  • indices
Websitewww.iforex.com

iFOREX is a Cyprus based brokerage firm, it operates one of the largest electronic trading platform. The company offers brokerage services for stocks, currencies, cryptocurrencies, commodities, indices, ETFs, and fixed deposits. iFOREX has over 800 tradable instruments from several markets throughout the globe.[1][2]

iFOREX provides spread betting, FX, and CFD trading services to individual and institutional investors. The company has its operations in over 159 countries, which makes it one of the globally accepted platform. iFOREX is one of the premier trading platform for corporations, high net worth individuals, traders, hedge funds, and commodity advisors. iFOREX trading platform is also available on the App Store and Google Play.[3]

iFOREX is backed by leading real estate giant iFOREX Group. The company is headquartered in Limassol, Cyprus, and has 4 offices. iFOREX is the trading name of Formula Invested Hours Ltd. and the company is authorized, regulated, and supervised by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, British Virgin Islands’ Financial Services Commission in the United Kingdom, and the National Bank of Hungary in Hungary. [4][5]

iForex has gained worldwide media recognition for its in-house developed proprietary “iFOREX trading platform” which specializes in innovative and user-friendly experience and is equipped with risk management tools based on AI and informational resources. iFOREX is dedicated to helping and educating its customers, with its educational resources, and free 1-on-1 training, trading signals, market orders, live charts, an economic calendar, indicators, and much more. The company holds licenses from BVI FSC, London Stock Exchange data provider, German Stock Exchange data provider, Italian Stock Exchange data provider, and relevant licenses from other nations. [6][7]

History

iFOREX was founded in 1996 by the founders of iFOREX Group, a real industry leader. iFOREX has used real clients, experience, and feedback for years to launch its proprietary trading platform. iFOREX has spread its firm presence in over 159 countries, offering dedicated support in regional languages and providing an opportunity for traders to learn, train, and trade from any computer or smartphone.[8][9]

Regulatory information

  • The iFOREX Group’s European subsidiary licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), license # 143/11.
  • Formula Investment House Ltd is licensed under the British Virgin Islands’ Financial Services Commission.
  • eBrókerház Befektetési Szolgáltató Zrt. is supervised under National Bank of Hungary, licenses no. II/73.059/2000 and III/73.059-4/2002.

Products and services

  • Currencies - iFOREX provides a collection of tradable currency pairs covering major and more popular pairs like GBP/USD, EUR/USD, USD/ZAR, USD/MXN, USD/JPY, GBP/JPY, AUD/USD, AUD/JPY, EUR/JPY and much more.
  • Commodities - iFOREX presents a variety of commodities that can all be traded from one individual trading account - WTI Oil, Brent oil, Gold, Silver, Palladium, Natural Gas, Heating Oil, Sugar, Coffee, Corn, Soybeans, etc.
  • Shares - iFOREX has combined exceptional technology synchronically with a sleek interface to give traders the capability to profit from the fast-moving stock market.
  • ETFs - Trade a wide range of ETF CFDs with support at iFOREX.
  • Cryptocurrencies - invest in cryptocurrencies in the form of CFDs and take advantage of price changes.
  • Indices - Trading major market indices have been a popular way of investing for nearly a century.

iFOREX platform features

iFOREX trading platform is an advanced artificial intelligence-based platform that offers price transparency and detailed reports to analyze the margin, profit, and less, allocation, and detailed market reports.[10]

The platform features negative balance protection for its clients, which ensures that no account can ever go below their investment even if there is extremely high volatility in the market due to any circumstances. iFOREX trading platform is known for its real-time margin protection features, which allows its customers to use full margin available in their accounts and also ensures that limit is monitored and controlled to avoid negative balance in their trading accounts.[11]

iFOREX trading platform is also legally obliged for Prudent risk management, it has a professional team that is held responsible that none of their clients are exposed to any sort of monetary disruption. They are prepared to handle any irregular or insignificant market volatility, without affecting their trading services.[12]

Mobile trading platform

iFOREX launched its mobile trading platform for iOS and Android and as of early 2020, it has more than 6.4 million customers in over 159 countries. The mobile applications are handling well over 31,000 transactions daily.[13][14]

In the media

              

References

  1. "iFOREX Partners with British Virgin Islands Olympic Committee". Finance Magnates | Financial and business news. 2020-03-02. Retrieved 2020-05-26.
  2. Colombia.com, Redacción (2019-12-26). "Invirtiendo en iForex". Colombia.com (in español). Retrieved 2020-05-26.
  3. "Online Broker iFOREX Continues to Operate Without Disruption". PRWeb. Retrieved 2020-05-26.
  4. "British Virgin Islands Olympic Committee and iFOREX partner for Tokyo 2020". www.insidethegames.biz. Retrieved 2020-05-26.
  5. "iFOREX Review (FULL)✅ - Is iFOREX a scam?⚠️| Cryptofrontline". 2018-12-06. Retrieved 2020-05-26.
  6. "iFOREX Renews Sponsorship Deal with Dutch Football Team, PSV Eindhoven | Finance Magnates". Finance Magnates | Financial and business news. 2017-11-09. Retrieved 2020-05-26.
  7. "iFOREX Avis - Brokers Forex Avis | fr.DailyForex.com". DailyForex (in français). Retrieved 2020-05-26.
  8. "iFOREX Partners with ArtuData to Develop and Implement AI Technologies | Finance Magnates". Finance Magnates | Financial and business news. 2018-01-08. Retrieved 2020-05-26.
  9. "iForex Review – Important Things You Need to Know". DailyForex. Retrieved 2020-05-26.
  10. "iFOREX to Rebrand European Operations to Vestle | Finance Magnates". Finance Magnates | Financial and business news. 2018-06-28. Retrieved 2020-05-26.
  11. "Exclusive: iFOREX's iCFD Strengthens Management Team with New Hires | Finance Magnates". Finance Magnates | Financial and business news. 2018-08-06. Retrieved 2020-05-26.
  12. Desk, News (2020-05-12). "تقييم شركة iForex للتداول وهل هي شركة نصابة؟". Financial Market Post (in العربية). Retrieved 2020-05-26.
  13. "Tsunami of Regulation Reshaping the Industry | Finance Magnates". Finance Magnates | Financial and business news. 2018-10-01. Retrieved 2020-05-26.
  14. Ashton, Gary X. "iForex Review". Investopedia. Retrieved 2020-05-26.

External links