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The iFOREX Trading Platform Review

iFOREX provides its clients with two different trading platforms that can be used anywhere you have access to the internet.
Business Gaurav Gupta 31 October 2019

iFOREX provides its clients with two different trading platforms that can be used anywhere you have access to the internet. The company is a well establish CFD and forex broker. The company has been in business since 1996 and has consistently has revised its platforms to keep up with new and improved technology. The platform offers a wide range of tradable assets including currency pairs, commodities, indices, shares and cryptocurrencies. The platform offers a robust educational portal as well as a demonstration account. iFOREX is well known for its strong customer service and technical support in multiple languages.

Trading Platform

iFOREX offers several trading platforms that provide access to trading execution, balance monitoring and risk management. The company has a robust education portal that it makes available for its clients. The education section offers information on topics that include risk management, technical analysis and learning how to trade. iFOREX offers real-time margin protection, ensuring that it limits losses automatically using risk management precautions.

Negative Balance Protection

The iFOREX trading platform uses a negative balance protection procedure which prevents clients from losing more than they have on deposit with the company. This helps you limit the amount of capital at risk and avoid put you and iFOREX at risk with the use of leverage. iFOREX is in touch with all the new safety and security techniques. The company uses a combination of firewalls and security socket layers (SSL) to secure client information.

Browser and Mobile

iForex offers you two different platforms. There is a browser-based desktop experience which is a platform that provides all the bells and whistles you might expect. This includes graphing securities, technical analysis tools as well as a robust education portal.  iFOREX uses a proprietary platform and not a white label. The platform has been designed and changed over the years to specifically meet their customer needs.

Navigating the Platform

iFOREX aligns the information they provide in a manner that is relatively easy to navigate. The key information is clearly delineated. Your account information reports your available margin, the equity in your account, any maintenance margin as well as your p&l. The iFOREX charting software also you to clearly see historical prices. iFOREX also offers traders access to a demonstration account. This is an account that allows you to place trades in real-time without risking your real capital. You can test the execution capabilities of the platform without risking your own capital. You can also generate trading strategies and test them in real-time to see if they work during normal trading hours.

Safety and Security

iFOREX has added security to their applications. For example, the mobile app has advanced security measures like fingerprint match identification. The mobile app is nearly a replica of the browser-based application. It offers most of the same features as the web-based platform. Execution is efficient and viewing your balance sheet, P&L, and positions are just a swipe away. iFOREX offers an efficient mobile charting package as well as a demonstration account through the mobile application.

Gaurav Gupta

Gaurav Gupta

Gaurav Gupta is an expert writer and blogger with a strong passion for writing. He shares views and opinions on a range of topics such as Business, Health/Fitness, Lifestyle, Parenting and lot more.