Trading Restrictions of iForex FXnet Trader -Profit Cancellation-

April 9, 2016

iForex is an online Forex & CFD broker providing financial services more than 10 years.

The broker is regulated by CySEC and FCA in UK, and iForex acts as a broker and also a Market Maker for the orders of its clients.

There are some trading restrictions on its trading platform, FXnet Trader and please make sure that you understand the whole conditions before start trading with iForex.

iForex has the right to cancel profits generated on unauthorized trading methods.

Scalping

Scalping is a trading method which is aiming to earn many small profits by opening and closing positions in a short time.

Scalping trade would be low risk and low return, but easier for traders to manage their positions and make profits.

This depends on the iForex’s judgement, but iForex does not support Scalping trade.

Please note that if iForex finds that there is an unauthorized activity in a trading account, the broker may cancel some profits made by the tradings.

EAs & Algorithm Trading

iForex offers an advanced trading platform, FXnet Trader but not MT4, so it is even difficult for traders to find an EA for the platform or even program one which is compatible with the platform.

Besides iForex does not support EA/Algorithm Trading, so you may trade manually with iForex.

API trading

API stands for application programming interface and it intermediates between the trading server and traders or programs.

In a simple term, it is a program to extract necessarily information from the trading server for other programs to trade.

iForex does not provide the application nor the access to its trading server, as the broker does not support API.

Arbitrage trading

Arbitrage trading is prohibited by many brokers.

It is a trading method with low risks and high return by abusing the trading system and other environment.

It is prohibited by mane brokers, because normally it is not categorized as an investment but just abusing the systems.

iForex does not allow:

  • arbitrage trading abusing bonus promotions
  • arbitrage trading using different accounts in other names
  • arbitrage trading to earn swaps and hedge positions with other accounts
  • etc

Leverage 1:400

Although, iForex offers up to 1:400 leverage to traders, it is only applicable to some trading instruments, but not all of them.

The maximum leverage can be used for some Forex currency pairs and Precious Metals.

Also, iForex may increase the margin requirement around weekends and holidays when there may be high volatility and price gaps in the market.

The required margin will be doubled in these times, so the leverage will be decreased to half of the normal hours.

Bonus Promotions

iForex is running many promotions for traders though, of course these promotions come with conditions/restrictions.

For example, if you withdraw your funds from the account where you have received a bonus, the bonus amount could be cancelled by iForex.

Also there are some promotions that you can not use together with other promotions.

So please read through and understand the terms and conditions of the bonus promotions before joining any of them.

50 USD for Free

Free 123 USD

30 USD for Free

25 USD for Free

300 USD for Free

100 USD for Free

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