iFOREX
Introduction
iFOREX is a broker firm that has been in the financial industry since 1996. The company was initially started in Greece and has since expanded its services to various countries worldwide. iFOREX offers a wide range of services including Forex trading, CFDs, commodities, indices, and shares. This review aims to provide an in-depth analysis of the services provided by iFOREX, its strengths and weaknesses, and its overall performance in the financial market.
Trading Platforms
Web-based Trading Platform
iFOREX provides a web-based trading platform that is accessible on any device with an internet connection. This platform is user-friendly and easy to navigate, making it suitable for both beginner and experienced traders. However, some users have reported that the platform can be slow at times, which can affect trading efficiency.
Mobile Trading Platform
iFOREX also offers a mobile trading platform that is available on both Android and iOS devices. This platform is convenient for traders who are always on the go. However, the mobile platform lacks some of the features available on the web-based platform, which can limit its functionality.
Account Types
iFOREX offers three types of accounts: Standard, Premium, and VIP. The Standard account requires a minimum deposit of $100, the Premium account requires a minimum deposit of $1,000, and the VIP account requires a minimum deposit of $5,000. While these account types cater to different levels of traders, the high minimum deposit for the Premium and VIP accounts can be a barrier for some traders.
Customer Service
iFOREX provides customer service support through email, live chat, and phone call. While the company claims to offer 24/5 customer support, some users have reported slow response times and inadequate solutions to their issues. This can be a significant drawback for traders who need immediate assistance.
Education and Research
iFOREX offers a variety of educational resources including webinars, eBooks, and tutorials. These resources can be beneficial for beginner traders who are still learning the ropes. However, the company’s research tools are limited compared to other broker firms. The lack of advanced analytical tools can be a disadvantage for experienced traders who rely on these tools for their trading strategies.
Conclusion
In conclusion, iFOREX is a broker firm that offers a wide range of services and a user-friendly trading platform. However, the company falls short in areas such as customer service and research tools. Therefore, while iFOREX may be suitable for beginner traders, experienced traders may find the platform lacking in certain areas. As always, potential traders are advised to conduct thorough research and consider their individual trading needs before choosing a broker firm.
I had a terrible experience with iFOREX. Their customer service was unhelpful and rude, and I found their platform to be clunky and difficult to navigate. Additionally, I felt like they were constantly pressuring me to make trades, rather than providing me with valuable information and advice. I would not recommend this broker to anyone looking to trade in the market.
iFOREX provides a range of trading options and resources, but customer service can be inconsistent.
I had a terrible experience with iFOREX. The customer service was unhelpful and the platform was full of glitches. I had trouble navigating through the website and executing trades. Overall, I would not recommend using this broker for trading.
I am extremely disappointed with the level of service and professionalism provided by iFOREX.