iForex started being a player in the forex market in the year 1996 as a not so well known entity that was representing some international forex companies. iForex managed to launch the main trading platform in the year 2004 in order to expand a customer base. In order to facilitate trading it does offer very tight pip spreads that are combined with real-time analysis of the market. It has offices in the major forex destinations and stands out as one of the most important brokers in the forex world.
iForex managed to simplify the online account procedure designed for opening an account. You can simply fill a form and then you will need to choose from the many account types that are available. The first account available is the Standard Account. You will have to meet a minimum required deposit of just 100 dollars and the leverage offered is 1 to 400. You can also opt for an Interest-Free account, which is the Islamic version of a standard account. The benefits are very similar. The special accounts are the Premium account and the Protected Account. You will need a minimum deposit of 2000 dollars and the Protected account comes with just 100 dollars as the initial payment although you can trade a maximum of 100 time the initially deposited amount.
All traders can withdraw and deposit money at any point of the day from the live account through a very standard procedure. You can use wire transfer or credit cards in order to fund the account and the withdrawal process requires you to send some documents. You can send a proof of residence of any cand, a photocopy of the CC that you used to fund the account and an ID proof.
iForex offers 2 trading platforms that you can use. Professionals will want to utilize the downloadable platform that is built on Microsoft .NET Framework. Support is offered for high volume trading and this is really easy to use. We also have a web trading platform that can be used by beginners and even some advanced traders. The good news is that you can use both of the platforms based on personal needs. Both of them come with market insights and live support.
You will also want to hear about customer support. iForex offers chat, email and phone support. If you want a really fast solution you can go for a special email that goes to a specific department, based on what you need help with. On the whole we can say that iForex has been working well for around 10 years now and it does know what is needed in order to be successful. The company will give you all that is needed although there is no real revolutionizing in terms of features and technology.