About iForex Online Trading
Founded in 1996 by a group of bankers and forex traders, iFOREX is one of the largest and most respected companies in the industry today. We have achieved this through our commitment to provide quality customer service, cutting-edge technology and a variety of global commercial products.
Because of our constant desire to be recognized as a market leader through our high customer service, we see exponential growth every year. 2004 was an important turning point for our company because we took the big step of introducing our internet-based multilingual trading platform. Since then, iFOREX has expanded its customer base to tens of thousands, generated mass trading volumes, and provided enormous liquidity for traders around the world.
iFOREX provides marketing professionals with an innovative and easy-to-use platform that is constantly updated
24-hour financial news and support. Therefore, iFOREX customers can trade if they choose, with the system they choose Prefer Instant Pro Support on request.
In addition, iFOREX stands out as an industry leader in the tight real-time pip spread Market prices, which are provided via direct links to the Interbank Arena and unique margins Policy. Guidelines for using the full margin of iFOREX allows traders to maximize the full potential of their merchant account until the balance is negative
Protection programs act as a default risk loss control system greater than the dealer specified.
Payment settlement services are provided by Formula Investment House B.O.S. Ltd.
Address: Agios Andreu and Venizelou, Vasiotis Agiu Andreu building, 2nd floor, P.O.B 54216, Limassol, Cyprus.
iFOREX does not manage investment portfolios and does not participate in foreign currencies or other investment advice.
If you have further questions about iFOREX, please don’t hesitate to contact us by phone, email or through our chat application on the website.
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How can you benefit from changes in exchange rates?
Exchange rates continue to change and foreign exchange traders try to take advantage of these changes. This is a brief example:
Let’s say you travel abroad and buy $ 1 for $ 500. After a week you will return (without spending one Euro) and exchange your dollars back in dollars – but you will get $ 505 because the exchange rate has changed over the week. This is a $ 5 profit from trading currencies.
Of course, you don’t have to go out today to invest in the price of a currency – and you don’t even need to buy a currency. Online Forex trading allows anyone from the comfort of their home – or even their smartphone – to invest in prices of different currencies and potentially benefit from price changes.
With what currencies can you trade?
There are many types of currencies that you can invest with iFOREX. In fact, there are more than 80 pairs to choose from. Let’s take a closer look at some of your options.Majors
The most traded currency pairs are called “specialties” and account for around 85% of the total foreign exchange market. Note that everything contains USD. These main pairs are:
(AKA “Crosses”) Currency pairs that do not include the US dollar are generally referred to as “cross currency pairs”. Some examples will be
Exotic currency pairs consist of one single currency and currencies from developing economies. The example is
When can you trade forex?
The forex market is open 24 hours a day and is usually divided into four sessions: Sydney meetings, Tokyo meetings, London meetings, and New York meetings.
Trade currencies with leverage
In the past, only large investors were involved in currency trading, but now anyone can trade currencies at home – and you don’t have to be rich to invest. Thanks to the unique lever tool, you can close large transactions with relatively small investments. For example, with a $ 100 investment, you can make a deal of up to $ 40,000 with a leverage of 400: 1.
This means that for every euro you invest, we give you up to 400 euros sales force. And remember, to protect iFOREX negative balances, you will never lose more than your initial investment – your account will never go down regardless of the leverage you choose.
How to Open Your First Currency Business
You can do this in three easy steps.Choose a currency
For example, you want to trade in EUR / USD. If the price of one euro is $ 1,112 for a $ 100 investment, you can buy $ 112 without leverage.Choose the size of your business
With leverage, you can open a deal that is worth 400 times your initial investment. For example, with a $ 100 investment, you can buy with a lever of $ 400: $ 40,000.
100 x 400 Euros = 40,000 Euros
If you trade with iFOREX, you can win even if you believe the price will fall. However, in this example, we assume that prices will rise. Select Buy. What now?Close your trade and get profit
Suppose the EUR / USD exchange rate has gone up – which means that the price of the euro has risen 0.01 – and you decide to close your trade.
The main element of foreign exchange trading with iFOREX
- Participate in the largest financial market in the world
- Open large transactions with relatively small investments
- Invest in various currency pairs
- Get free access to useful educational resources
- Take advantage of free sales coach training
- Exchange your free time from your computer or mobile device
Before doing trading activity in Rill then we recommend you to practice in advance on the Domo account, please open a demo account on the broker FBS or other brokers