iForex is one of the oldest Forex broker in the world.
Founded in 1996, and now providing retail Forex & CFD trading services from Europe to all over the world.
iForex is a part of the “iForex Group”. There may by no retail investors who don’t know the name of iForex.
iForex offers trading service through its own online trading platform called “FXNet Trader”, but not MT4 or cTrader.
There is only one account type offered, and the rules are very simple.
Fixed Spread, NBP(Negative Balance Protection), Leverage 1:400 and variety of bonus promotions.
As the broker has the longest history as a Forex broker, there are many long-term users of the service.
*Please note that iForex’s execution is also classic, with Dealing-Desk, and there are several trading activities prohibited on its trading platform.
Actual & Real-Time Spread
As already mentioned above, iForex offers only one account type and the spread is fixed.
The below spread is captured in November 2016, during normal trading hours. Let’s see the actual spread offered through the platform.
As you can see, the actual average minimum spread is 1.8 pips, which is actually even lower than the spread the broker mentions through the official website.
The minimum spread of 1.8 pips is actually quite normal for Forex brokers with fixed spread. So, the trading cost itself doesn’t really make iForex attractive.
But please do not miss out the bonus promotions ran by iForex, there are mainly three promotions ran by the broker all-time.
- Deposit Bonus
- Cash Back Bonus
- Gift Card Promotion
Normally the bonus amounts of iForex are available for withdrawal, by meeting their trading volume requirements. So you can benefit from even lower trading cost with iForex by joining the bonus promotions.
You can find out more details of iForex’s service from the page below.