Thinking of iForex? “Must-Read” Pros & Cons of the Service

September 17, 2016

You should read this before start trading with iForex.

Thinking of iForex? “Must-Read” Pros & Cons of the Service

We understand that there are hundreds of misleading information on the web, and you may be tired of seeing the same advertisement mentioning the same things.

Here are some tips for you to choose the most suited broker for yourself.

Pros

iForex is a part of “iFOREX group” which consists of several financial companies, which have been operating for over 20 years.

iForex is regulated by CySEC in Cyprus, the financial authority with the largest number of registration of Forex broekrs.

iForex offers another advanced trading platform, FXNetTrader is even easier to use than MetaTrader4.

Margin Call/Stop Out % is 0% as you can use the full margin for trading Forex & CFDs.

A number of exciting Bonus Promotions are run by iForex at all time.

Cons

MetaTrader4 or other common trading platforms are not offered, but only FXNetTrader.

The spread is fixed, and the minimum spread is 2 pips.

Use of EAs or Scalping are prohibited on the FXNet Trader.

Is iForex suited for you?

The main advantages of iForex are, its experienced human customer support and unique & user-friendly FXNet Trader and exciting all-time Bonus Promotions.

In terms of trading costs, it is quite the average for Fixed spread though, still the minimum 2 pips of spread may seem to be a bit costly for some traders, and use of EAs are not allowed on FXNet Trader, so the fixed spread is just an “All-Time High Trading Cost” in this case.

But, by joining its all-time promotions, it would cover the shortcomings of the “Trading Costs”.

iForex is also very flexible to customize the conditions for each trader, so it may be worth contacting them to request for your preference.

There are many users using the service of iForex for a long time. If you are not looking for MT4 or floating spread with minimum costs or a trading account where no restrictions on using EAs, then you might find other Forex brokers even better conditions.

If none of the above, iForex is simply a nice Forex broker.

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